⌚ How to Sell Your Watch | View Before Selling

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  • เผยแพร่เมื่อ 29 ต.ค. 2024

ความคิดเห็น • 123

  • @florianthill1121
    @florianthill1121 4 ปีที่แล้ว

    Great video! I‘ve watched several videos on the same topic but you explained it the best. You didn‘t sugarcoat or talk anything down depending on what suits you best. Very sympathetic!

  • @jaysikes4256
    @jaysikes4256 5 ปีที่แล้ว +6

    If you're selling to a dealer, check out their FB, YT, Insta, etc. If you see loads of employees, their large posse, or they showing off flash cars, expensive clothes, etc. Expect to get pennies on the dollar if you're selling to them. They need to pay for those fancy clothes and cars somehow!! I never understood how watch dealers are showing off their expensive possessions like cars and clothes, and baller lifestyle, LOL.

  • @ebreckpo6563
    @ebreckpo6563 5 ปีที่แล้ว +6

    Moral of the story - as it goes for most things you purchase - at the moment you buy it, it is the holy grail, the best bang for the buck, fantastic,... when you sell it: yes but it has scratches, it has been used, it is passee, two tone are you kidding, everybody wants stainless, gold I give you the price of the gold,...
    Collecting watches as an investment, the times are over you could purchase ex RN Subs for nearly nothing,...
    You need investing a lot of money and hope the watch keeps up it's value.

    • @trevbarlow9719
      @trevbarlow9719 4 ปีที่แล้ว

      I expect my watch dealers to be wearing unmodified vostoks and Crocs. When I offer to sell them my watch, they must quiver in delight and relief that I have come to them with my generous offer.

  • @MidasGoldKing
    @MidasGoldKing 4 ปีที่แล้ว

    Thank you it's very informative and helpfull. Great video!

  • @mauriebarnes8272
    @mauriebarnes8272 5 ปีที่แล้ว +1

    Excellent tips. If I was selling a piece I'd offer it to Delray. Fed & John do a great job and are very responsive to questions.

  • @Tonysoprano497
    @Tonysoprano497 5 ปีที่แล้ว +2

    Spot on with the advice . General rule of thumb the more you pay for a watch the more you stand to lose when you sell ...There is a relatively shallow pool when your selling a 7k sports watch . There is not going to be a line of guys in your neighbourhood waiting to buy it’s not like selling a 200 buck piece .. Ebay is a nightmare , wouldn’t sell a high end piece using this route . Even with Rolex sports models a year or two old, dealers tend to still be offering 25 % under list .. Either way there tends to be a sizeable loss . My advice is don’t buy an expensive watch if you think you may want to sell . I here guys talking of investment pieces , for most this is delusional....

  • @robertschmidt9584
    @robertschmidt9584 5 ปีที่แล้ว +2

    Great video and keep up the good work. Both you and Fed are a wealth of information.

  • @sebastianioancio9004
    @sebastianioancio9004 5 ปีที่แล้ว +1

    John, I listened very carefully your monolgue. You convinced me. keep doing it you are very good!! It is a pleasure to listen, alex

  • @cashau2965
    @cashau2965 5 ปีที่แล้ว +1

    Very nice vid ! your channel is getting better by the day...kudos

  • @katalysis
    @katalysis 5 ปีที่แล้ว +2

    While you certainly want to be able to recoup as much as possible when selling, remember guys: buy what you want. Watches are luxury goods, not investments. Over the course of years, your watch and watch trading will never beat the compounding interest in a simple savings account, much less a decent stock portfolio. Buy what you enjoy, wear it, and get some money back (hopefully) when you want to change it up. That's about it.

  • @madeinbrooklynco458
    @madeinbrooklynco458 5 ปีที่แล้ว +1

    I've been a fulltime eBayer for several years. eBay in general is a bad place to sell expensive/ luxury goods. I wouldn't recommend selling items over $1,000, especially to people unfamiliar with eBay. There are lots of scams that sellers fall for, and also you will get ridiculous buyer demands and returns; people want something for free if it arrives a few days late, people claim their item was not delivered (possibly lost or stolen package), if that happens it is your responsibility and you will have to refund the buyer.

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      Thank you for backing me up on this one. I used to be heavy into ebay until I found these all out the hard way. The rules are hard to believe, but exist :((

  • @drwindsurf
    @drwindsurf 5 ปีที่แล้ว +1

    Thank you John. This was a very helpful video :)

  • @davidcousins3938
    @davidcousins3938 5 ปีที่แล้ว +1

    Hi John, Great Advice, you are very knowledgeable and Trustworthy!
    Great Job.

  • @rockon21ful
    @rockon21ful 5 ปีที่แล้ว +1

    I've sold and bought over 50 watches on WUS and never had a problem, just put no trades and don't answer any trade offers!

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว +1

      Nice :) Very good track record!

    • @rockon21ful
      @rockon21ful 5 ปีที่แล้ว

      @@JohnPWatches Thank you and love the channel!

  • @antonyduc990
    @antonyduc990 5 ปีที่แล้ว +1

    Very insightful! Thank you for sharing the knowledge. I totally agree with the concept of buying enjoyment. I also noticed that what creates value about a watch is often the way people talk about it and communicate their excitement and passion. So even if I would probably never pull the trigger, I tend to have a growing affection for brands like Frederique Constant after watching some videos of Frederico, or Squale after TGV's. Keep up the great videos but last year's intro was more interesting in my opinion.

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      Hey Antony, newer in house FC is pretty cool!

  • @bearclooneywatches4186
    @bearclooneywatches4186 5 ปีที่แล้ว +2

    Excellent advice and I agree with you John!

  • @timemachineeddie1146
    @timemachineeddie1146 5 ปีที่แล้ว +1

    What a Great Topic. Amazing video and thanks for sharing.

  • @almoscola8684
    @almoscola8684 5 ปีที่แล้ว +1

    Thanks John, great content and insight!!

  • @markfernandez950
    @markfernandez950 4 ปีที่แล้ว

    Very helpful. How do I get a quote from Del Ray?

  • @tomlucas4269
    @tomlucas4269 5 ปีที่แล้ว +1

    That is very funny. I had exactly the same issue with a buyer on ebay. He opened up a claim at paypal. It took 4 months to get my money back!

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      It's sad, Ebay was once a great place for bargains on luxury watches. Now the scams, scum, and filth are so rampant on ebay, every time a sale comes in on there, I cringe knowing there is a 1/5 change there will be serious problem.

  • @petem3209
    @petem3209 5 ปีที่แล้ว

    Great advice and fantastic video, John. I can attest to some of those challenges.

  • @ListerMotorsports
    @ListerMotorsports 5 ปีที่แล้ว +1

    True about the Forums , traveling in Packs with Pitchforks ! Lol how about FB Marketplace, " is this still available" you answer and NUTTIN !

  • @22Phanatic
    @22Phanatic 5 ปีที่แล้ว +5

    Thing is Dealers don’t necessarily want the less expensive watches like Seiko or Hamilton etc!?

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว +1

      That is true, it is not elitism as sometimes I hear, but more as a dealer the expenses outweigh the cost of the watch :(

  • @brunolejeune5835
    @brunolejeune5835 5 ปีที่แล้ว +1

    Nice vid I like the conclusion buy ans wear what you like.

  • @herts9999
    @herts9999 5 ปีที่แล้ว +6

    How to sell a watch cardinal rule: get a great deal on your original purchase on a popular model

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      Certainly sound advice if you plan on selling quick. Though usually the cheapest watches have issues or have no backing nor warranty.

    • @richardseekins24
      @richardseekins24 5 ปีที่แล้ว

      Wise words. Every watch dealer over xmas this year were offering 15% discount on list prices

  • @jangazi2742
    @jangazi2742 5 ปีที่แล้ว +1

    Great an helpful video, thank you for that, but you did not mention chrono 24? Is it any good? maybe safer than Ebay?

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว +1

      They have good customer service. As a dealer, it is a bad place to sell a watch because of high fees and customers can return watches after wearing it for 30 days free. lol

    • @jangazi2742
      @jangazi2742 5 ปีที่แล้ว

      @@JohnPWatches thanks, I guess that they are better for buyers than :) I have seen the video of federico about the topic, I just did not know how it works for private sellers.

  • @magicmike7066
    @magicmike7066 5 ปีที่แล้ว +2

    It’s 10% for eBay, which really sucks, and agreed everyone is a damn scammer nowadays absolutely no trust anymore.

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว +2

      Yes plus the 3% paypal and any lost time you spent pulling out hair on hassles and issues haaha.

  • @jonathanboucher1144
    @jonathanboucher1144 5 ปีที่แล้ว

    Nice intro John and faster on the subject! Good job!

  • @richardbaptist5080
    @richardbaptist5080 5 ปีที่แล้ว +1

    Great episode - lol watch detectives. Great points about the forums, ebay, craigslist etc.

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      Thanks Richard. You'll find that my videos are starting to be about topics from questions I notice a lot.

  • @wvirgojoe
    @wvirgojoe 5 ปีที่แล้ว +1

    i dont know about forums... but guys need to put a battery in that damn folex clock on the wall!!!

  • @arcadely
    @arcadely 5 ปีที่แล้ว

    Enjoyed this - loads of useful info. What are your opinions on Chrono24 from a seller's perspective? Not planning to offload anything high end but I do have a couple of pieces I'm thinking of moving on.

  • @cashinhand
    @cashinhand 5 ปีที่แล้ว

    I've had positive outcoumes selling watches on Stockx, they do take about 13% of the paid value for the watch but pricing is driven by market health, the platform is a good option if you have tendy watches.

  • @oxysoxos
    @oxysoxos 5 ปีที่แล้ว +5

    In some other video you mentioned that dealers and enthusiasts moved a lot of watches on Instagram? What do you think about that?

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว +1

      It certainly works for segments of the watch industry. For example Richard Mille, Lange, certain Patek, other high end move well on IG. There are not too many of them in circulation and the demand is high so potential buyers in that segment have to buy where they are and where they are is in the IG pages of the casual lifestyle dealers.

    • @oxysoxos
      @oxysoxos 5 ปีที่แล้ว

      @@JohnPWatches Thank's for answering. I appreciate it. Even though it's a bit surprising to me. I would never send some dude on IG from god knows where (hundreds of) thousands of $$$ for a watch based on some pictures...

  • @jaygenz46
    @jaygenz46 5 ปีที่แล้ว +1

    Great information for the regular collector

  • @dpl2617
    @dpl2617 5 ปีที่แล้ว +1

    Dealers buy at rock bottom to resell for max profit, make no mistake!

  • @erne75
    @erne75 5 ปีที่แล้ว +2

    No mention of chrono24. I know they upped their fees last year for sellers but how is the selling experience? Any protections for sellers?

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว +1

      They provided unparalleled buyer protection- unfortunately legitimate dealers no longer like selling on their platform. We pulled out because it was difficult to remain competitive with the private parties when their fees factored into the item made it too expensive. We strive to be cost competitive while still providing the security and peace of mind of dealer.

  • @TheComaProject
    @TheComaProject 5 ปีที่แล้ว

    Great video JP, thanks. I only just sold my Datejust to a small dealer yesterday and it was hassle free. I thing though…. I sold it for about 17% less than what they will probably sell it for… is that about right or should I have pushed for more? Thanks.

  • @larrymarcus7076
    @larrymarcus7076 5 ปีที่แล้ว

    just because you identify yourself as a dealer doesn't make you any less of a hustler, an honest forthright hustler but one never the less.

  • @mtcdnp
    @mtcdnp 5 ปีที่แล้ว

    Also, selling through Amazon, what is your experience with them (if any)?

  • @drewster6898
    @drewster6898 4 ปีที่แล้ว

    Hey i am new to all of this and i have a tag heuger mercedes benz sapphire limited edition and i can't find it anywhere online. By chance does anyone know how much it is worth?

  • @AJMacDonaldJr
    @AJMacDonaldJr 5 ปีที่แล้ว +1

    Great advice. Thanks! 😃

  • @The_mighty_lensman
    @The_mighty_lensman 5 ปีที่แล้ว

    I want to sell Bvlgari BB 33SS quartz L9030 (chronograph)
    How much I get ?

  • @jefferyneu3915
    @jefferyneu3915 5 ปีที่แล้ว

    Thank you for a very helpful video!

  • @mtcdnp
    @mtcdnp 5 ปีที่แล้ว

    How about selling on Chrono 24?
    They seem to only take 6% and you only send the watch once they secure the funds?

  • @ademoz6484
    @ademoz6484 2 ปีที่แล้ว

    How do you sell your watch without your AD finding out? I have an overseas Rolex retailer that’s offering me some hard to get time pieces but I don’t want to get blacklisted or get my AD into trouble

  • @tkguindy
    @tkguindy 5 ปีที่แล้ว +1

    This is a great video!

  • @steverushaw8761
    @steverushaw8761 5 ปีที่แล้ว +1

    I also sell on eBay but I just don't get the No Returns tick box it's worthless..a buyer for whatever reason can return the item and get a full refund..I have had items returned that have been swapped for faulty items and EBay and PayPal will always find in favour of the buyer..so you have now lost the original item and the buyer has a perfect item and a full refund...selling to a dealer yes you will probably get a lower offer but the transaction is hassle free...and the dealer obviously has to make a profit...

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      It's dangerous place in 2019. I've been lucky to come out on top of the scammers, though will say I know close friends that have lost watches or parts of watches on there.

  • @andmust
    @andmust 5 ปีที่แล้ว +1

    hi buddy, Thank for these advises
    Could you advise some suppliers that could make special watch designs, as i would like to make special design watches and dropship them when someone buys from my store
    Thanks & good luck

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      No, this is a horrible idea :) sorry

    • @andmust
      @andmust 5 ปีที่แล้ว +1

      @@JohnPWatches Could u explain more! why is that a horrible idea? :/
      Thanks in advance

  • @azizhusseinz2083
    @azizhusseinz2083 5 ปีที่แล้ว +2

    I hope the thumbnail is Wolf of Wallstreet and say "Sell me this watch."

  • @imtherealjoeyd
    @imtherealjoeyd 5 ปีที่แล้ว

    Random question....how do you like your Rolex clock?

  • @juanlizarralde2855
    @juanlizarralde2855 5 ปีที่แล้ว +1

    Hey John! Great content, I have a question and maybe you an Fed can shed some light, I’m from Guatemala and we have a Rolex AD, the thing is they just received a whole bunch of watches that include a Batman, Pepsi, Daytona, etc. Naturally I called the owner and asked about them, and the answer was that they had them but were selling them way above retail, shouldn’t they abide by the retail price Rolex gives them or can they do whatever they want with the prices?
    Thanks

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      Are they selling them preowned or new? If they are truly still an AD and are selling them above retail you should report them to Rolex. it's extremely disgusting. a Rolex AD friend of mine tells me they can lose their AD status, but perhaps Rolex will look the other way considering there may only be one Rolex AD in the country and don't want to go through hassle vetting another shop to be one. It is very hard in these nations unfortunately to police this.

    • @juanlizarralde2855
      @juanlizarralde2855 5 ปีที่แล้ว

      John P
      They are selling them new! At above retail and they also told me that what the market is paying its best for the to sell them above to whoever pays or overseas.

  • @AdeelAliShah1980
    @AdeelAliShah1980 5 ปีที่แล้ว

    Very informative

  • @hans.lankamp
    @hans.lankamp 5 ปีที่แล้ว +4

    What are the “forums”? What sites are they?

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว +1

      rolex forums, watchuseek, timezone is OK too but a bit archaic and pretty hard core

    • @magicmike7066
      @magicmike7066 5 ปีที่แล้ว +1

      John P do they have the same ridiculous fees?

  • @AverageJOE321-b7q
    @AverageJOE321-b7q 5 ปีที่แล้ว

    I have limited edition omega seamaster planet ocean 007 skyfall 2012 in blue dial and blue bezel, after watching your video i donot where to sell it.I am first time seller.Any recommendations?
    Thanks

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      Hey there, are you sure it says skyfall on it? There is a blue PO but the skyfall model is supposed to be black....

    • @AverageJOE321-b7q
      @AverageJOE321-b7q 5 ปีที่แล้ว

      I have planet ocean 007 skyfall liquimetal technoligies which i bought online i have tried to find out if it is replica or authentic which i paid alot of money first time buyer now i am not sure and will take that watch to omega to find out about the than i will apply for refund if it is replica or not.Thanks for letting me know that it only comes in black

  • @pachhubhaivlogs3834
    @pachhubhaivlogs3834 5 ปีที่แล้ว +1

    I have rolex watch but it is damaged now how to sale it

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      I'd recommend having it repaired first. Project watches are difficult to sell in my experience. Feel free to reach out to our service department if help is needed :)

  • @amintaslneto
    @amintaslneto 5 ปีที่แล้ว +1

    Hey John. Great vid. Could you also share your thoughts on Chrono24 in future editions? Cheers

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว +2

      Hey there! I'll certainly do it in the near future. I used to enjoy chrono24...

    • @amintaslneto
      @amintaslneto 5 ปีที่แล้ว

      @@JohnPWatches Gr8. Thx!

  • @timur9429
    @timur9429 5 ปีที่แล้ว +1

    Watchdetective 😄. Sounds like a fun job to me haha

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      Until a grand seiko collector smacks you in the face. lol

  • @thornmatthew8395
    @thornmatthew8395 5 ปีที่แล้ว +1

    I mean obviously you are bias but it doesn’t make you wrong. I’d rather over pay 5 percent, 10 even, to have not have a hassle.

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      Even myself! haha. If there is a personal watch I want for myself, I will purchase from dealer friends that have it if I do not, to avoid the hassle.

  • @JBerz
    @JBerz 5 ปีที่แล้ว

    Good info. Subd.

  • @baronsilverbaron757
    @baronsilverbaron757 4 ปีที่แล้ว

    No mention of Chrono24.

  • @Nexus.Achiles
    @Nexus.Achiles 5 ปีที่แล้ว

    I'm going to sell all my Rolex watches to delrey watches right now!

  • @SoCalWatchReviews
    @SoCalWatchReviews 5 ปีที่แล้ว +1

    Dang you look young without facial hair!!!

  • @markchalled3976
    @markchalled3976 4 ปีที่แล้ว +1

    what a giant waste of time. What I wanted was some actual info on how to sell my watch for the best price.

  • @nfassero
    @nfassero 5 ปีที่แล้ว +1

    a Squale and 2,000 for a Rolex lol

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว +1

      Happens far too often haha. There is one gent on the forum that started with a cheaper hamilton and traded, traded, traded up for a year and made it up to a hublot and tried trading. Only way I knew was by his signature so I asked him and that was his story, start cheap and trade up as high as possible lol

    • @nfassero
      @nfassero 5 ปีที่แล้ว +2

      but who the heck wants a Squale?! :) good video, John

    • @rickcabral3223
      @rickcabral3223 5 ปีที่แล้ว

      Great advise! I just wish there was an online marketplace for watches of all price levels. If I had taken more time to find advise videos like yours, I may not have bought half of the watches that I have now, that there really is no market for.

  • @distantport
    @distantport 5 ปีที่แล้ว

    what a bunch of BS... i sold a bunch of my watches (up to 12k) on craigslist, always meeting in the bank.

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      Just because you are in the certain percentage where it was fine, does not make it 100% or even any percent more or less true. It is a self bias as it is possible, statistically that even if only 1% of deals follow through on craigslist, you are in the 1% so of course all deals follow through. This is just a number for example. Same effect is when people say “i’ll never get into a car accident” because it has not happened to them, yet there are tons of people that it does happen, giving them opposite bias. Which city do you live in?

    • @distantport
      @distantport 5 ปีที่แล้ว

      ​@@JohnPWatchesI understand what you are saying but if person can use simple common sense then would never have any issues selling a watch (buying is a whole different animal)
      And I live in Baltimore MD (we are the “safest” city in US :) )

  • @lukew2194
    @lukew2194 5 ปีที่แล้ว

    Use a broker with great reputation like ArchieLuxury.

    • @JohnPWatches
      @JohnPWatches  5 ปีที่แล้ว

      huh?

    • @lukew2194
      @lukew2194 5 ปีที่แล้ว

      @@JohnPWatches Archie Luxury, the pontiff, the guru's guru

  • @R3adyUp
    @R3adyUp 5 ปีที่แล้ว

    Woaaaa Ben Affleck??

  • @TheTerryMarsh1
    @TheTerryMarsh1 5 หลายเดือนก่อน

    You ramble on for 21 minutes and still don't explain how to sell a watch - you just talk about problems with some intermediaries.