Watchfinder Not Wanting Hot Stock

[JasH]

Originally Posted by scooba

They had a platinum Daytona for sale at £97,000 it didn’t sell and now is back up at £120,000 totally ridiculous

120k is ridiculous, I agree.

Ridiculously low, in the current market

[Xtralarg]

Originally Posted by rlx123

What about guys who bought a ceramic Daytona in when they’re in the mid 20’s and now they’re in the high 40’s. Is that considered exploitation?


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It was at the time they bought it.

[kan cheung]

Originally Posted by 1665fan

They made a very good offer on my 116520 and BLNr last week…..they are definitely still buying the desireable pieces……

Hi Guys
Watchfinder initial offer LV ( 2009 , full set , unpolished , like new ) between euro 18,500 to euro 19,000 and my daytona ( 2009 , full set , unpolished , like new ) between euro 24,000 and euro 24,500 .This will be my first time selling my collection and I do not deal with WF before .
Is reasonable offer or not ?
Thanks in advance

[Roddypeepa]

Originally Posted by kan cheung

Hi Guys
Watchfinder initial offer LV ( 2009 , full set , unpolished , like new ) between euro 18,500 to euro 19,000 and my daytona ( 2009 , full set , unpolished , like new ) between euro 24,000 and euro 24,500 .This will be my first time selling my collection and I do not deal with WF before .
Is reasonable offer or not ?
Thanks in advance

No it isn’t.


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[rmwill]

With prices getting so high, the grey/used dealers are eating up more working capital per watch. I think 20% margin is essential to having a profitable business, covering rent, insurance, labor, and business risk. I am not surprised that they might not want to tie up that much money when they can buy more lower priced, but still in demand references. Having anything that sits costs money if its financed with lines of credit.

[EEpro]

Originally Posted by rmwill

With prices getting so high, the grey/used dealers are eating up more working capital per watch. I think 20% margin is essential to having a profitable business, covering rent, insurance, labor, and business risk. I am not surprised that they might not want to tie up that much money when they can buy more lower priced, but still in demand references. Having anything that sits costs money if its financed with lines of credit.

Makes sense. You think consignment would be a good option for $200k+ pieces then? Lower outlay, less risk to dealer and lower fee to customer.

[rmwill]

Sounds good, until something happens to a watch in your custody that is not yours. I am sure insuring that risk is very expensive. David Khalil made a video about the downsides of consignment from a dealer perspective.

Originally Posted by EEpro

Makes sense. You think consignment would be a good option for $200k+ pieces then? Lower outlay, less risk to dealer and lower fee to customer.

[scousejames]

Originally Posted by jaydav2306

Saw an interesting youtube video about WF in the UK refusing to offer prices for ceramic Daytonas despite having what looks like none to very little in stock.

Feels to me like they have plenty in stock but maybe trying to create artificial demand... normally they would at least offer some kind of low ball offer.

It seems they aren't taking in any watches at all regardless if they're hot or not.

My father wanted to consolidate his collection so I thought I'd get some quotes.
Filled in 3 separate forms for a 16233, 16710 and a 16610.

Received 3 generic email responses stating that they already have a lot of these models and won't be able to purchase any more.
They did say that they could accommodate a part-ex though.

[shammad10]

Sounds like people aren’t buying watches at these prices. The same watches stay on chrono and eBay etc for weeks/months from what I’ve seen.

When there is an auction, the sale price is way below the usual list price.

[peacocknation]

1. Grey dealers buying less stock
2. Inflation still running super hot
3. Stock market being about as volatile as it could be

I don't know...if I did I'd probably be rich, but it is just getting crazy out there right now. I think the free for all with cash is going to have a bit of a harsh reckoning that we haven't seen yet. If demand for these products was lower 5-7 years ago I see a time in the future when demand will drop down due to larger macro conditions....and maybe we're getting there.

[dal1234]

Originally Posted by scousejames

It seems they aren't taking in any watches at all regardless if they're hot or not.

My father wanted to consolidate his collection so I thought I'd get some quotes.
Filled in 3 separate forms for a 16233, 16710 and a 16610.

Received 3 generic email responses stating that they already have a lot of these models and won't be able to purchase any more.
They did say that they could accommodate a part-ex though.

Yesterday they offered me £46,000 for a Jan 2021 worn 116519LN what do you think?

[TimepieceRPP]

Originally Posted by dal1234

Yesterday they offered me £46,000 for a Jan 2021 worn 116519LN what do you think?

Sounds a good deal

[dal1234]

Originally Posted by TimepieceRPP

Sounds a good deal

I have accepted it as the eyesight is struggling a bit to see the time, although i think its a great watch

[Gary.]

Originally Posted by jaydav2306

Saw an interesting youtube video about WF in the UK refusing to offer prices for ceramic Daytonas despite having what looks like none to very little in stock.

Feels to me like they have plenty in stock but maybe trying to create artificial demand... normally they would at least offer some kind of low ball offer.

Seems to me that turning away sellers is more like to lower prices.

Maybe their Richemont owners are trying to soften used Daytona prices by giving the impression of reduced demand/interest. I wonder if they're buying big on Cartier and JLC etc

[Rexplorer214270]

Originally Posted by padi56

Who really cares while promoting with these types of posts we will never get back to normal only make grey market stronger.

Padi is that guy at the party the Debbie Downer. If you don't like the thread don't post or read it simple as that.

[PO 2500D]

Originally Posted by dal1234

Yesterday they offered me £46,000 for a Jan 2021 worn 116519LN what do you think?

Wow they are selling a 2020 one for 69k that's quite the margin but as pricing gets silly people will want the back up of someone like WF when buying I guess.

https://www.watchfinder.co.uk/Rolex/...60/item/214108