He didn’t get lowballed, he tried to polish the watch himself and lied when asked about it, not only did he polish but he polished the whole watch when some of it is supposed to be brushed. It’s going to cost a min of £200 to right that wrong which is what he took off the £6500
@@blave8730 The fact that he said straight after that it has had very little wrist time eludes to the fact that he inferred it had never been polished by anyone, not just by him.
First of all, I think it is a situation thing. How does the customer react during the conversation. We don't know the expression of the customer and we weren't in the room. When you are trading and bidding and make a small concession as a shop owner, you ask something in return. I think it is not an example of looking down on a customer.
😂 the fink price offered is ok for them maybe see his face anyone would give 6500 for it these people are bandits like bet this comment is deleted by them
🤣 “needs a polish” everytime Once you bought it you can do what you like with it, the customer selling shouldn’t be paying for it, customer buying it should pay that You boys clipping both ends 😂
they've got to get it for the right price, if they have to put x amount in the watch to make their margins they're more than within their right to offer what they want to offer, some places may not buy the watch if it needs work but at least these guys give the courtesy to explain what needs doing to it and why the offer may not be what is expected. They're working in a grey market in which prices change constantly, if they aren't careful they can get burned.
If you bought ten apples for £1 each, and sold them for £1.50, that's 50p you make on each apple. If you then went to buy another ten apples but the price of apples you could sell quickly enough not to hinder your business now cost you £1.10, would you just swallow that extra cost and only make 40p on each one, or would you pass it onto the customers and charge £1.60 to maintain the same level of profit? They're a business, not a charity. If you don't like the price, don't sell to them.
All of them are awkward sales patter is condescending to the buyer … they need to look at the other grey dealers on here … North Yorkshire and London those guys are the levels not big time Geordies
It had an incorrect polish, not just a polish. It's even stated in the video "it's chrome where it should be brushed". I hate to sound like I'm all about defending these lot, but if you're going to criticise them, at least have a legitimate critique.
Offered him 6300-6500 the week before and gets pissed that the customer stuck at 6500? Probably sell that for 8500-9000 as it is. These guys are becoming like Rick from Pawn Stars.
It's business. I'm sure everyone selling them a watch knows what they could get by having it on chrono 24 for 8 months. Some people don't want that hassle. It's also a business. But judging by your comment I am guessing you don't know how businesses make money.
Whenever a customer is selling a watch you tell them you have to spend £200 getting the watch polished to get it in saleable condition. Yet with 20+ year old watches people want unpolished! So you are going round polishing watches which 20 years from now people would prefer to be unpolished! Why not offer the buyer the option to have it polished when they purchase it?
Your not selling a 2004 16610 for a £11k are you, these watches are all trading for approximately £5-6k trade and always need money pumped in to them, service, polish or crystal and retail for £7950-£8450 tops.
I've no dog in this fight but reckon you've probably never tried to run a business. They've got VAT, a warranty and refurb cost to consider, plus the risk that there's an underlying issue with the watch, and that's before you get to overhead. Yes, the customer may be able to get more selling privately, in which case do it. But most don't want the hassle, which is why they sell to the trade.
Sell your watches into Rolex CPO , you’d get more than £6300 for that sub and if you wanted to part exchange you’d know you weren’t getting a Frankenstein or badly polished example.
This is how almost all watch dealers get their money actually, low balling naive/stupido clients. This is true face of this business, luxiury bazarro and other companies just put on video generous offers to look good and attract more naive/stupido clients for low ball them?
you cant really buy a 16610 in good condition for under £8000 retail. Last year they were going for as much as £10,750 in some places. I think £6300 is a bit low of an offer. They could easily get that back to the brushed finish within an hour on the buffing wheel. I bet these guys would like to buy if for £6300 and sell it for £8995
Seems to be a lot of negativity towards these guys lately, they are trying to get by in a difficult market, some of the offers are low, yes, but thats the market. If you are selling a watch to the trade today, you are going to take a hit compared to even 6 months ago. Its similar to used cars, my BMW M2 competition was at £35K in August '23, i have just sold it for £28k, is that low, no, its the market price in a volatile market
I'm seeing a lot of very unfair comments this week. It's as if people think you guys are a charity and that profit isn't allowed. Presming they have jobs i wonder if the firms they work for give their products away at the minimum possible level!!!
I quite liked the stand offs on pricing, shows how tight the market is. True reflection on the day to day I’m sure Better to buy no stock if the margins not there 👌🏻
What is the value added, seems like we only pay for their unique egos, whilst the AD sending their watches over via the back door we get a double whammy
Love these weekly episodes. Laying in a deco chamber with my mate & bell partner Gary telling him about these Geordie lads on RU-vid (he’s a Geordie) apparently he lives near you guys 😂😂😂😂 small world
I like that these guys are open about the trade buy prices. Yes of course they need a margin, no different to cars etc. much more transparent than any car dealers i see tho.
WT usually responds to comments on here. The fact this video hasn’t been well received and they haven’t replied to comments doesn’t look great. Big fan of the channel, but take the feedback and acknowledge I’d say!
Seeing the clasp scratch up the caseback and then seeing the watch being handwound at light speed made me cringe really hard. “Like new” is an overstatement when the watch has just been scratched on the caseback.
Great viewing but not sure if polishing every watch to make it more attractive to buyers is the best policy.. it may make it more saleable but most purists frown on this practice.. you even value polished watches less yourselves because they’ve been polished but then you do the same thing - are you not devaluing watches as well as selling them ??
That’s an ugly watch anyway … tell the guy to go sell it on Chrono & absorb the shipping costs. He’s staring at 6,000 of your local little island currency tops.
Your channel is really fun to watch. And please, don’t waste your precious time with all these comments. If one likes to buy a watch , he or she should walk into your shop and get a great piece. I would ignore these timewasters. 😊😊😊😊🇩🇪
81 year old new to having an interest in Rolex's. Trying to learn what would be the best style for my son and my grandson when he graduates from college. This channel is excellent and I do not agree with the commentors. Business is business. Watchmaker is business to make a profit and the seller is looking to sell for as much as possible. That is what negotiations are all about. Nothing personal.
It all depends on your budget but many of the Rolex watches in their catalogue are starting to become available at the Authorised Dealer. I'd go along to your local one and introduce yourself, explain what you are looking for and what time frame and see if they have any suggestions. As a minimum you should start to get a pretty good idea as to what you want and its availability. But, before you pull the trigger check prices on the grey market. Some of these are now under retail. Keep in the back of your mind the difference between what you pay on the grey-market and what you would expect back is ~ 20%. Good Luck
If it's a present you'll probably want to go for something all steel and versatile so they can wear it as often as possible. An Explorer I isn't too hard to get from the AD and isn't too much more expensive on the grey market either. Another classic option is a Datejust with a jubilee bracelet/fluted bezel in a more neutral dial colour like Black, Blue, or White. If you really want to push for something more "special" then a Submariner or GMT is your best bet. Everything other than that is either probably too expensive to wear all the time and not be concerned about, or too flashy/dressy to be able to wear easily on any occasion. Happy hunting, sounds like a lovely idea you're planning. All the best!
