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26 February 2007, 02:38 AM | #1 |
Member
Join Date: Jan 2006
Posts: 50
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selling process
i am looking to sell my 116233 with mop dial and gold romans. If i was looking to sell at the local AD how much would i expect to get with the new price increase and how much does the AD get for selling it. It is 1 year old. Are there any other avenues.
Thanks |
26 February 2007, 03:14 AM | #2 |
"TRF" Member
Join Date: May 2005
Real Name: Arturo
Location: Pacific Northwest
Watch: Black GMT ll
Posts: 1,271
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You can't worry about what the AD will get. He will make money because he will offer you less than you can get if you sell it privately, and his profit is ultimately not your business.
He will offer you a trade up if you want...so much if you trade for a ss, and so much if you trade for a gold and silver. If you trade across for a new baby, you will not be able to negoriate a discount on the new watch. If you go and sell the watch elsewhere, you can then go back to him with cash and maybe negotiate a discount on a new watch. That is how I have seen this game to work. |
26 February 2007, 03:51 AM | #3 |
"TRF" Member
Join Date: Feb 2007
Real Name: Alex
Location: USA
Watch: TT Blue Sub
Posts: 2,542
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An AD sells new Rolex's at 40-42% markup. Let's say yours retailed for $6000, that means he got it for approx. $4400. Now yours is already 1 year old, even if it is in mint condition it would be worth about $3500 -$4250. Depending on his consignment markup, you may windup with about $2250-$2895.
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26 February 2007, 04:03 AM | #4 |
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Join Date: Jan 2006
Posts: 50
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my watch retailed for 8500. It has new braclet as well. I bought it for 7300. If i walk into the dealership will they give me cash for it or will they wait until they sell it. Just trying to find out some info.
thanks |
26 February 2007, 04:34 AM | #5 |
"TRF" Member
Join Date: May 2005
Real Name: Arturo
Location: Pacific Northwest
Watch: Black GMT ll
Posts: 1,271
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Dealerships take a pretty huge commission if they sell it on consignment. Like 40%. IF you sell it to him, you will take a bath. IF you sell it online through the list you may do better, although I ended up doing a private sale on mine. Do you want a new watch or just want the most cash you can get?
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26 February 2007, 04:44 AM | #6 | |
Fondly Remembered
Join Date: May 2005
Real Name: JJ
Location: Auckland, NZ
Watch: ALL SOLD!!
Posts: 74,319
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Quote:
With an AD you have two options: 1. You could trade it in for another watch (in which case you will take a hit on the watch). 2. You can leave the watch with him and give him a ballpark figure of what you expect. He will then sell it for you on behalf and naturally make a small profit for himself. I think you should try and sell privately and then do what you wish with the cash. Good luck - JJ
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Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!! |
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26 February 2007, 08:13 AM | #7 |
Member
Join Date: Jan 2006
Posts: 50
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i think that i will try to sell it on trf. I will probably put it up tomarrow to see if there are any takers.
thanks |
26 February 2007, 10:25 AM | #8 |
Fondly Remembered
Join Date: May 2005
Real Name: JJ
Location: Auckland, NZ
Watch: ALL SOLD!!
Posts: 74,319
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Good idea....some nice fellas here!!
__________________
Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!! |
26 February 2007, 12:57 PM | #9 |
Banned
Join Date: Dec 2006
Posts: 2,887
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When I bought the Blue TT Sub,I got a great discount on the Blue and a very good trade in on the GMT II.Thats why I went for the deal.I also asked the price first on the Blue and then later on,after he gave me a great deal on the Blue,we discussed the trade in value.If I walked in and said that I would like to trade in the GMT II on a Blue TT Sub,the deal would most likely have been less atractive.We also have a small market,so selling it privately,would be more difficult,even dangerous.
For someone in the States,selling it privately,is ideal.TRF should be your best medium for selling.Good luck ! |
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