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Who Watches the Watchmen (Our Chit Chat Thread)

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Comments

  • Registered Users Posts: 2,012 ✭✭✭ Fitz II


    Have you asked Watchfinder for a price? Its a very specific piece and buyers are few and far between. And wile the P&P guys are super nice, more than half their Rolex stock sits around for months on end, their solution to which is to raise the asking price.

    Remember consignment does cost you, its has oppertunity cost. There is no down side for the seller, but for you the down side is that the watch is returned after months of not having use of it, and now its been tried on 50 chaps sweaty wrists.



  • Registered Users Posts: 14,020 ✭✭✭✭ banie01


    Hey Fitz, nope I haven't spoken to Watchfinder. TBH even though I'd kept an eye on asking prices it wasn't really on my radar for sale. I was more value curious. As I was sorting out an appt to visit, the chat turned to the personal collection and interest was piqued.

    On the opportunity cost, you're not wrong but the deal in play is 30days with them on sale or return and if it's still there then reassess. For me, it's a solid way of seeing a couple of things, but primarily a means of seeing where the market is and reconciling that and the mad (to my mind) jump in asking prices on that model over the last 4/5months. If the jump is genuine and the price they expect is achieved? The jump is the opportunity cost justified imo.

    @micks_address the deal I have in place is a fixed price back to me. Their commission range is @10% and negotiable. So if I was considering Watchmaster? P&P is @50% cheaper as their charge is 19%, and the Chrono24 fee would be 6.5% of final sale. The P&P offer is significantly cheaper than Watchmaster and given the P&P boys will market the watch? IMO it's far better value than self selling on Chrono24 for the shift in work to sell whilst having both access to a lot of viewers and the "extra" that selling via a dealer should raise to both offset commission and to save dealing with lowballers.



  • Moderators, Society & Culture Moderators Posts: 11,909 Mod ✭✭✭✭ blue5000


    But in lots of cites train stations are bang in the middle of the red light district🤔. Is that because the land was cheaper in red light areas, or did the red light industry build up around the station?

    If the seat's wet, sit on yer hat, a cool head is better than a wet ar5e.



  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 57,773 CMod ✭✭✭✭ unkel


    What cities are those (asking for a friend)? 🤣



  • Registered Users Posts: 6,291 ✭✭✭ micks_address


    in fairness the train stations in dublin aren't to far away from the city centre... compared to the airport at least! well maybe im just thinking of connolly... the planet heustons have a bit to get in alright



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  • Registered Users Posts: 2,012 ✭✭✭ Fitz II


    Banie throw in a sale offer to watchfinder. I always do this it as it lets you know what dealers are thinking is a low offer. I do this when buying or selling a watch to see where the market actually is. Chrono is a nice place for dreaming, sure I see gen 1 overseas with blue dials there for 25k but we all know that is a fiction. When the watch is on consignment and out of your possession you will be a lot more likely accept a low ball.



  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 57,773 CMod ✭✭✭✭ unkel



    Same problem with WF though if you decide to send it to them. First of all there is not insignificant shipping costs. Then they insist you send it unmarked and uninsured (at your own risk of course) which is nerve-wrecking for a watch costing thousands (unless you can get them to send out a courier at their cost and risk). Then it takes forever for the watch to be assessed (can easily take months) and at the end you might get an offer well below their initial "estimate"


    Agree though that an initial offer from WF is a good marker for the low end of the valuation. A bit like selling your second hand car to a second hand car dealer for cash. You will get an offer of a good 20,30, who knows 40% below private sale value. Which is understandable. They're no charity, they need to put bread on the table too...



  • Registered Users Posts: 14,020 ✭✭✭✭ banie01


    The shipping and the cost of it, especially on the of chance that something goes wrong, that's one of the things that would steer more towards P&P or WatchMaster over WF.

    P&P had a DHL label sent to me same day and confirmed that they have 50k insurance in place. Relleb afaik offer similar as part of their service. You "sell" the watch on their platform, buyer pays them, Relleb arrange pick up, authenticate the piece, release funds to you and ship to the buyer.

    The convenience is of course all built in to the charge for any service on all the platforms, but others are doing it now better than WF.

    @Fitz II whilst I didn't get a WF offer, I did have a Watchmaster offer to sell on consignment (contacted me via insta) that gave a high end of @€12k for it, with their cut at 19%.



  • Registered Users Posts: 836 ✭✭✭ Blanchy90


    If anyone is looking to pick up a Citizen watch have a look at https://www.republicoftime.ie/


    They're a new Irish company selling online and the prices are very good. I know the guys running it so it's fully legit. I'll be reviewing some of the watches they sell on my channel, that Promaster bullhead is georgous.



  • Registered Users Posts: 2,012 ✭✭✭ Fitz II


    Yes not suggesting selling to WF justy get a price. There will be vastly different offers in watchmaster its consignment only, while WF is buy only. Consignment deals are highballs, buy deals are low balls, the market (what an individual will actually pay for the watch) is in the middle somewhere. Not trying to rain on any parade here, just tempering expectation...I have bought and sold a few and I can tell you the Gen1 overseas buyer willing to shell out more than Gen2 money is a rare and wonderful thing.



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  • Registered Users Posts: 17,296 ✭✭✭✭ Cyrus


    dont over ship at your own expense to WF, they offer a collection service, they are shy enough about mentioning it but they do.

    I have sold them at least 10 watches and always got it collected and always got the highest price in their range.



  • Registered Users Posts: 14,020 ✭✭✭✭ banie01


    I know that you weren't suggesting a sale there Fitz and I take your point 👍

    Watchmaster offered a low and high value condition dependant and since getting the lugs sorted on the VC? I'd certainly expect above their low offer 😉

    That's handy info Cyrus! Thanks for that.



  • Registered Users Posts: 2,012 ✭✭✭ Fitz II


    Hey look maybe pride and pinion have a buyer and will get you the money. My guess is they dont and wont but I am a cynic.



  • Registered Users Posts: 14,020 ✭✭✭✭ banie01


    Sure that's my own view too. They either piss or get off the pot 😉 They think they can get what is a tasty price for it with a bit of marketing? I'm happy to let them try, if they don't? I get the watch back and carry on smiling when I check the time.



  • Registered Users Posts: 6,848 ✭✭✭ 893bet


    There is no going back. You have mentally decided it’s for sale😅



  • Registered Users Posts: 1,390 ✭✭✭ Lorddrakul


    I have finally admitted that I just don't like the shape of the OEM bracelet (1162) on the Speedie Mark II.

    I feel like a weight has been lifted.

    I have managed to source a pair of vintage 735 end links that will let me fit a modern, Uncle Seiko 1171 style bracelet instead.

    The US bracelet is all solid links, and is wonderfully finished. It picks up the line of case a little nicer, and is slimmer than the 1162.

    Think 70s wide tie, to 50s gentle taper. :)



  • Registered Users Posts: 2,012 ✭✭✭ Fitz II


    Its like staying together until the kids are grown up, a loveless time and a wandering eye.



  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 57,773 CMod ✭✭✭✭ unkel


    So now I know why that blue Yachtmaster 40 disappeared from the Pride & Pinion stock just before I went over to see it in Belfast



    Looks like a lot of people paid very strong money for watches on that show. Bubble bursting soon? Maybe, but from the above it doesn't look like it.



  • Registered Users Posts: 17,296 ✭✭✭✭ Cyrus


    big element of being seen at those kind of events, you wouldnt want to be worried about the prices you are paying because you will definitely get rinsed, the netjets has to be paid for somehow!



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  • Registered Users Posts: 17,296 ✭✭✭✭ Cyrus


    yeah maybe im getting old but that kinda thing would do nothing for me.



  • Registered Users Posts: 14,020 ✭✭✭✭ banie01


    It's like an ultimate wanker stag 🤦‍♂️



  • Registered Users Posts: 127 ✭✭ Cassius99


    Beautiful watch Lorddrakul. Hope to pick one up in the next year myself.



  • Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 58,453 Mod ✭✭✭✭ Wibbs


    Aye. That area of the hobby has become more than a little crass. very much this:

    All instagram flash, feck all substance beyond the ability to rattle off reference numbers. I have the suspicion that the market is quite incestuous with a high percentage of deals going on between dealers. Though to be fair you see that in trade fairs of all types. Of the vintage watch ones I attended back in the day there was a lot of that going on. The market is also a bit of a monoculture. It's basically Rolex with pockets of Patek. It would be akin to going to a book fair and finding only Dickens with a few copies of Hemingway here and there. I have to be honest and admit watching that sort of thing with loud pushy overly "excited" used car sales types reinforced my latent view that it could only be Rolex. Harry Enfield's Loadsamoney would almost certainly have worn a two tone Rollie.

    Now fair play if the Dutch lad can make a few quid for him and his. He talks some amount of horological bollocks, but he's a bit of craic and no doubt taliors his speil to the client and if the market collapsed tomorrow I'd bet he'd find another niche and do well in that too. The customers caught up the wave on the other hand... As Cyrus notes the jets(and columbian marching powder for some. Alledgedly 😁) need to be paid for.

    Rejoice in the awareness of feeling stupid, for that’s how you end up learning new things. If you’re not aware you’re stupid, you probably are.



  • Registered Users Posts: 14,020 ✭✭✭✭ banie01


    The Mrs just asked me what watch I'm wearing going to Belfast 😂 I really don't know! Might take 2 😉

    I have a few hrs to kill in Dublin tmrw between trains but not expecting much to be open, but a wander around Grafton St and then head back to North side for a spot of lunch before the train to Belfast.



  • Registered Users Posts: 538 ✭✭✭ IrishPlayer


    After having a great trip to the watch fair in Birmingham back in July, just after booking flights to attend the next one on the 28th November 2021!

    Not staying over this time, getting the first Ryanair flight out that lands at 7:35am, the fair is held at the National Motor Cycle Museum which is only 5 minutes away, so should be there before 8 all going well. Getting the 7:35pm flight back so be a fun day trip! More information on the fair for anyone interested https://www.thebirminghamclockandwatchfair.com/



  • Registered Users Posts: 1,887 ✭✭✭ scwazrh


    Im away at the moment for 10 days and took 5 watches with me and most likely will buy one while away as well .



  • Registered Users Posts: 14,020 ✭✭✭✭ banie01


    I'm only doing an overnighter but, the temptation was strong to bring 2 😂. I left it at the one I'm wearing even if the strap does make it...

    A challenging aesthetic 🤫😂

    The IWC and I will hopefully make it into a few spots in Belfast to peruse the watch stock and plan a purchase or 2, or maybe 3 if I can slip off the leash whilst the Mrs is shopping elsewhere 😁



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  • Moderators, Category Moderators, Motoring & Transport Moderators, Regional East Moderators Posts: 57,773 CMod ✭✭✭✭ unkel


    Well? 😁



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