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ROLEXROLEXROLEXROLEXROLEXROLEX
ROLEXROLEXROLEXROLEXROLEXROLEX
22 September 2017, 05:19 AM
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#1 |
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"TRF" Member
Join Date: May 2017
Location: California
Watch: 16233, 16600
Posts: 119
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Live Auction - seized assets
Hey TRF brother/sister hood. What are your thoughts on acquiring watches in a venue like this? I got an add sent to me with pics and list of various brands ROLEX, PATEK and others. I got special invitation to advance preview. Anyone have experience with this? Good/bad, just don't want to waste my time or $$$$
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22 September 2017, 05:21 AM
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#2 |
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Banned
Join Date: Nov 2010
Location: Kingstown
Posts: 58,281
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Stay away.
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22 September 2017, 05:23 AM
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#3 |
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"TRF" Member
Join Date: Apr 2014
Location: SF, CA
Posts: 833
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Personally, I would check it out. Never know what you might come across. The only downfall is that you don't know what you're getting until after you get it normally, not sure if the auction you are going to is final sale or not but thats usually the case.
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22 September 2017, 05:27 AM
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#4 |
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"TRF" Member
Join Date: Jun 2012
Location: Houston, TX
Posts: 518
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Every time I have viewed them live, pieces went for crazy money. No deals that I saw.
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22 September 2017, 06:11 AM
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#5 | |
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"TRF" Member
Join Date: May 2017
Location: California
Watch: 16233, 16600
Posts: 119
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Quote:
Yeah, I concur. Even auctions for cars don't really lead to "deals". I think my thought of "auctions" is things going for super cheap, because money is needed or sellers don't know what they got, but it's been my experience that the seller actually gets more than what item is really worth, because of bidding wars. Sent from my iPhone using Tapatalk |
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22 September 2017, 09:12 AM
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#6 |
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"TRF" Member
Join Date: Dec 2013
Location: FL
Watch: platinum sub
Posts: 15,884
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Id refrain. The internet is the place to find a relative deal.
__________________
If you wind it, they will run. 25 or 6 to 4. |
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22 September 2017, 09:29 AM
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#7 |
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"TRF" Member
Join Date: Jul 2011
Real Name: Gunter
Location: AL/NJ
Watch: DSSD; 116610LN
Posts: 5,509
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I've been to a few repo/seizure auctions. A buddy of mine bought a nice newer center console yellowfin for about $50-75k less than other used ones but mostly I've seen stuff go for about the norm. Not many crazy deals to be had.
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22 September 2017, 10:05 AM
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#8 | |
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Banned
Join Date: Aug 2014
Location: Calumet Harbor
Watch: ing da Bears
Posts: 13,568
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Quote:
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22 September 2017, 10:39 AM
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#9 |
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Liar & Ratbag
Join Date: Nov 2009
Real Name: Renato
Location: NYC / Miami Beach
Watch: Rolex Daytona
Posts: 5,344
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I’ve looked at those and they all seem to overpriced and/or overvalued. It is also worrisome that you don’t know the history behind them.
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22 September 2017, 04:00 PM
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#10 |
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"TRF" Member
Join Date: Jul 2017
Real Name: Willy
Location: AU, SG, MY
Posts: 1,248
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Much lesser chance of bargains since all those Repo/StorageUnit/AntiquesRoadshow shows on TV, everybody going to bid thinking those tv shows aren't rigged...
 Oh hey, think there's a local Police auction this weekend  Rolex, Patek, Omega... all "with warranty" too 
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24 September 2017, 10:12 AM
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#11 |
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"TRF" Member
Join Date: Jul 2011
Real Name: Gunter
Location: AL/NJ
Watch: DSSD; 116610LN
Posts: 5,509
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On a side note I was talking to my Brother in laws dad today and he got a John Deere 7280r with 2300 hours and a cab for around $138k with fees. Similar models on heavy machinery sales sites were $200k. Just depends on how the bidding goes.
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