I had something up for sale once, worth around £900 (these numbers are a guess as it was a while ago). I got a px offer for the item plus ~£900 or thereabouts for his tatty old Rolex, which was only worth £900 as I found out the week after when it was listed in SC.
I had Watch Club off Bond street recently try to convince me the Patek 5109 ( from 2006 , box and papers , white gold ) I was looking to sell was worth no more than 3 grand , I had a standing offer from David Duggen around the corner for 6.5k . When I told him this he tried to discredit DD by saying that they offer good prices but they don't have the cash to pay .
I politely smiled , said no thank you and walked out NEVER TO RETURN. BTW David Duggen were good to their word.
James
It is quite annoying, especially when you know the watch is keenly priced to start with.
I was offered £800 ( not 800 off but outright ) for a 3 month old Avenger Seawolf. I declined.
low-balling is far from limited to watch selling, I sell vehicles online and regularly get bid half of the advertised value, as such I just use classified type adverts and not 'best offers' now, but still get them.
As a casual (and new) observer to the watch world it does seem very similar to the motorhome/powerboat worlds where everyone buys their item with passion, ie. because they love it, and therefore often over value their item, (the endowment effect, as mentioned earlier). Especially with all of the fakes and dodgy dealers certain trusted dealers can sell at high prices but private people and places like ebay are distrusted, people are therefore forced to sell to dealers at low prices.
I wonder what the difference in value is for most used high-end watches is between "i would probably let it go if i got £xyz" or go to a specialist/dealer and "i have to sell this today to pay my mortage" 40 or 50% different?
nb. I have absolutely nothing against low-balling, it's free economics and I will always reply politely.
Oh yes - I so agree with you!Originally Posted by gray
Some people are just overpricing stuff though - often on the basis of "I want back what I put into it" - there was a recent (and I'll be vague) watch on SC which was overpriced given it has no box, no papers, didn't fulfil its primary function and yet they still wanted about 80% of retail price - even though to get it fixed would take it upto the retail price of a new one! So it runs both ways, some sellers are just silly in their own valuations.
Does asking for a Rolex Submariner for free count as a low-ball offer?
Hello Mike
I am writting you from spain.
I never hear about you since a several months ago I registered in a spanish forum called Relojes-Especiales.
Now I am 35 years old and I have been obsessed in watches since I had 10 years old.
When I was 20 i realized that the perfect watch is Rolex Submariner.
I have had a lot of divers, seikos, certinas, casios but never a Rolex sub because the money.
Thansk to the forum I am learnig a lot about subs and differents models and I am in love with subs without date like 14060 or 5513, sorry if I did wrong but I am not a specialist.
But one thing I am sure to know, rolex sub is the prefection.
In the spanish forum I posted today this thing, I put you in english ..." someone gives me a Rolex?"
Link: http://www.relojes-especiales.com/fo...ariner-264640/
Obiously a lot of forum readers are laughing and others believe in me.
I think maybe one person like you with a lot of subs wants to give me one as a gift, why not?
It is my dream to have rolex sub but it is to expensive for me nowadays.
Do you want to help me? I don't mind if its broke a little bit, I can fixed a little bit every year, step by step.. and take care of him.
Thank you so much for your time.
Well, sorry about my english and thanks for your help in advanced.
Best
B****
:-)
Did you give him one?
If so I'd like to give it a try as well............
Daddel.
Got a new watch, divers watch it is, had to drown the bastard to get it!
In one of my regular "watch collecting is boring" periods, I took this to a dealer, along with its box and papers :
Dealer agreed it was one of the best he'd seen, and brightly offered me £175 for it. I declined. I sold it for about £500 though, so perhaps the worst person for lowballing me is ... me !
Paul
Last edited by Tokyo Tokei; 26th August 2014 at 12:45.
Wonderful!!!
LOL. Definitely an optimist.
I seem to remember a couple of years ago Eddie had a similar begging email.
There's some low balling over some trousers on SC right now! Lol
I sold it for the £10 price offered.
The comedy value of the situation was worth it.
I'm not going to argue over £2, say no, and he ups the offer to £10.50p
£2 must be a deal breaker for some members on here.
Its not the offer its the text with it. Ive just had one saying
"Whats the best price you will do the watch for, please remember that I have to make some profit on it"
Does that mean he wants you to add 10% onto your price now, so you don't lose out.
Bless
What a stupid thing to say! An instant way to advertise the fact that you're both greedy and thick. Not sure which is worse, this or the aggressive lecture you get from some people when you refuse their insult of an offer. I would reply with "ah, yes, thank you for reminding me that I am also entitled to a profit. For you, the price is asking plus 10%".
...but what do I know; I don't even like watches!
Who's the dealer then?
Selling my 2008 honda cbr600rr on ebay, i was offered an exchange of a 2006 fazer and £1.00!
a watch i listed on ebay for 1200, (because none of you lot wanted it for 900) my lowest offer was 300, everyone loves a trier... But it was the accompanying msg explaining why it was only worth that, iterated again and again as I turned down the same offer over and over that really grated
watch ended up going on 'a deal brokered via ebay but not done via ebay' for 1100 iirc...
Aren't they the same company? I was told WOS dealt with all the px's for Goldsmiths?
When I took my Breitling into Goldsmiths and asked about px against a PO they told me they had to ring WOS for the price. They then went to the phone, made the call and came back with an offer.
Not necessarily so!
Perhaps you simply price your watches fairly and correctly, unlike some'Looooooooooooking to get back what I paaaaaiiiiiiiiid'
Last edited by KavKav; 27th August 2014 at 08:35.
He was just a guy on Ebay with a couple of watches on eBay. Didnt look like much of a dealer. My 4 I have listed are worth more than what he had for sale.
+1Not necessarily so!
Perhaps you simply price your watches fairly and correctly, unlike some
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