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tjwarbin · 1 June 2017, 08:55 AM

I need some advice on this potential purchase. I came across a 2004 Rolex ladies Datejust Jubilee watch from a friends mom. She want's $1,800.00 for the watch. I looked at it and it is a legit Rolex. Also took it to my local AD. He said it is good.

My question is this. I would like to re sell this watch and use the proceeds to purchase my wife a Rolex (she didn't like the yellow gold on this one). Is there any possible way to ensure the watch is not on a lost/stolen list before I purchase? I absolutely want no part of the deal if that is the case. They do not seem like those type of people, but you never know. Just want to be 100% sure before I spend the money.

Thanks in advance. This forum is awesome.

rollee1 · 1 June 2017, 09:01 AM

Only buy what you are sure of.

Chewbacca · 1 June 2017, 09:05 AM

Quote:

Originally Posted by tjwarbin

I need some advice on this potential purchase. I came across a 2004 Rolex ladies Datejust Jubilee watch from a friends mom. She want's $1,800.00 for the watch. I looked at it and it is a legit Rolex. Also took it to my local AD. He said it is good.

My question is this. I would like to re sell this watch and use the proceeds to purchase my wife a Rolex (she didn't like the yellow gold on this one). Is there any possible way to ensure the watch is not on a lost/stolen list before I purchase? I absolutely want no part of the deal if that is the case. They do not seem like those type of people, but you never know. Just want to be 100% sure before I spend the money.

Thanks in advance. This forum is awesome.

why not ask them?

kilyung · 1 June 2017, 09:05 AM

Curious how you're sure it's legit? Was the caseback opened? Movement inspected?

brandrea · 1 June 2017, 09:18 AM

Quote:

Originally Posted by kilyung

Curious how you're sure it's legit? Was the caseback opened? Movement inspected?

X2

tjwarbin · 1 June 2017, 09:22 AM

I had my AD inspect it. He took it back while I browsed around a while.

locutus49 · 1 June 2017, 09:37 AM

If it were me - and I am very cautious with my money - I would pass on this opportunity and contact (via PM) one of the Trusted Sellers on this forum (DavidSW, OCRolexguy, Takuya, etc.) and see if they can source exactly what you want.

Check the site chrono24 to see what prices are for the watch you are interested in, but buy from someone with a strong reputation, like our trusted sellers.

Speed · 1 June 2017, 09:42 AM

FYI, the secondary market for ladies Rolex isn't very dynamic. As a random seller, you will encounter the same concerns you have with your seller.

Don't think you are going to reap huge gains on a sale. You may actually lose money and put yourself at risk.

zengineer · 1 June 2017, 09:46 AM

I'd suggest leaving watch flipping to the dealers, especially with a ladies watch. It's too unpredictable.

Vipes · 1 June 2017, 10:13 AM

Quote:

Originally Posted by locutus49

If it were me - and I am very cautious with my money - I would pass on this opportunity and contact (via PM) one of the Trusted Sellers on this forum (DavidSW, OCRolexguy, Takuya, etc.) and see if they can source exactly what you want.

Check the site chrono24 to see what prices are for the watch you are interested in, but buy from someone with a strong reputation, like our trusted sellers.

Yup. Buy the seller.

Boaters · 1 June 2017, 10:30 AM

Quote:

Originally Posted by locutus49

If it were me - and I am very cautious with my money - I would pass on this opportunity and contact (via PM) one of the Trusted Sellers on this forum (DavidSW, OCRolexguy, Takuya, etc.) and see if they can source exactly what you want.

Check the site chrono24 to see what prices are for the watch you are interested in, but buy from someone with a strong reputation, like our trusted sellers.

+1 You are not 100% sure of the deal at hand. Say you buy it then you have to sell it, then find a watch that your wife likes. Why not do as stated above and be done with it?

AK797 · 1 June 2017, 11:32 AM

To check if it is stolen, you can give it to RSC and ask for a service quote, and they will then tell you if is stolen and if so they will confiscate it. If you go for this then you should warn your seller that this is what you will do and work out the possible recompense.

mtgjr · 1 June 2017, 01:07 PM

Quote:

Originally Posted by zengineer

I'd suggest leaving watch flipping to the dealers, especially with a ladies watch. It's too unpredictable.

This. Bad idea.

DramaTurtle · 1 June 2017, 01:09 PM

Don't do it. So many things can go wrong in such a transaction and the best thing you can buy with your money is peace of mind.

Chiboy · 1 June 2017, 01:31 PM

I'm trying to envision a friend's mother selling a Rolex that I wondered if it was hot...

Perhaps you need better friends?

Jaycnyp · 1 June 2017, 01:55 PM

Quote:

Originally Posted by chiboy

i'm trying to envision a friend's mother selling a rolex that i wondered if it was hot...

Perhaps you need better friends?

x2

Flstfirider · 1 June 2017, 01:56 PM

Are you questioning the honesty and integrity of your friends mom? Maybe she needs money? If she is not a watch person, she might not know the true value or have the ability to sell it herself.

If it's authentic, which you have verified, go for it and don't over think the transaction.

Onikage · 1 June 2017, 06:05 PM

..Big lady is she?

amg55 · 1 June 2017, 06:25 PM

For such minimal gain, why bother going through all the trouble.

MonBK · 1 June 2017, 06:29 PM

Go ahead and buy it.

Sell it for 2k and pocket a hefty $200 profit.

DLRIDES · 1 June 2017, 06:54 PM

I wouldnt worry about it being stolen, but flipping a ladies Rolex ..................... ?

joli160 · 1 June 2017, 07:34 PM

Quote:

Originally Posted by AK797

To check if it is stolen, you can give it to RSC and ask for a service quote, and they will then tell you if is stolen and if so they will confiscate it. If you go for this then you should warn your seller that this is what you will do and work out the possible recompense.

This is the only way to verify if it is stolen or not

Bob the brush · 1 June 2017, 07:40 PM

I'm with the others, you seem IMHO, to be buying a potential problem for potentially what may be if you're lucky, a small gain. Trusted sellers here, are going be a safer route to getting your wife her Rolex. If in doubt just walk away, it's your hard earned cash after all said and done.

SpyShops718 · 2 June 2017, 02:01 PM

Ask if he is the original owner if so than ask him to give you a copy of his drivers license just in case it is not legit. If he has no problem giving you a copy of his drivers license than he is official. I would also make a receipt between you and him.

AS1 · 2 June 2017, 02:07 PM

this seems like a really convoluted way to go about things.

RolexNorth · 2 June 2017, 02:07 PM

I subscribed to a luxury watch reviewer on youtube and he says selling/flipping women's Rolex watches is a real nasty pain. It's not easy. Unless you have a straight up buyer waiting for it, I'd forget about making any money on this watch.

Fleetlord · 2 June 2017, 02:08 PM

Pass. Ladies watches are close to worthless

Bigsykedaddy · 2 June 2017, 03:25 PM

I would pass. As everyone else said in this thread ladies watches are a tough sell and you may actually end up losing money. Best case scenario you're looking at $100-$200 profit, but most likely you'll lose a few hundred.

1 June 2017, 08:55 AM	#1
tjwarbin "TRF" Member Join Date: Jun 2017 Location: Buford, GA Posts: 2	Purchasing a Rolex from an individual I need some advice on this potential purchase. I came across a 2004 Rolex ladies Datejust Jubilee watch from a friends mom. She want's $1,800.00 for the watch. I looked at it and it is a legit Rolex. Also took it to my local AD. He said it is good. My question is this. I would like to re sell this watch and use the proceeds to purchase my wife a Rolex (she didn't like the yellow gold on this one). Is there any possible way to ensure the watch is not on a lost/stolen list before I purchase? I absolutely want no part of the deal if that is the case. They do not seem like those type of people, but you never know. Just want to be 100% sure before I spend the money. Thanks in advance. This forum is awesome.

1 June 2017, 09:01 AM	#2
rollee1 "TRF" Member Join Date: Jan 2015 Real Name: Rollee Location: Boston Watch: it watching me Posts: 1,945	Only buy what you are sure of. __________________ Time you enjoy wasting was not wasted

1 June 2017, 09:42 AM	#8
Speed "TRF" Member Join Date: Aug 2009 Location: USA Posts: 19,706	Purchasing a Rolex from an individual FYI, the secondary market for ladies Rolex isn't very dynamic. As a random seller, you will encounter the same concerns you have with your seller. Don't think you are going to reap huge gains on a sale. You may actually lose money and put yourself at risk.

1 June 2017, 01:31 PM	#15
Chiboy "TRF" Member Join Date: Aug 2016 Location: Chicago Watch: Daytona Posts: 5,566	I'm trying to envision a friend's mother selling a Rolex that I wondered if it was hot... Perhaps you need better friends? __________________ Datejust w/black Tapestry dial (1985) / Daytona (2016)

1 June 2017, 06:05 PM	#18
Onikage "TRF" Member Join Date: Feb 2011 Location: England Watch: 16710, 16628 Posts: 7,757	..Big lady is she? __________________ GMT II 16710 TRADITIONAL ( D- Serial #) ROLEXFANBOY P-Club Member #4

1 June 2017, 09:05 AM	#4
kilyung 2024 SubLV41 Pledge Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,940	Curious how you're sure it's legit? Was the caseback opened? Movement inspected?

1 June 2017, 09:22 AM	#6
tjwarbin "TRF" Member Join Date: Jun 2017 Location: Buford, GA Posts: 2	I had my AD inspect it. He took it back while I browsed around a while.

1 June 2017, 09:37 AM	#7
locutus49 Banned Join Date: May 2014 Real Name: John Location: La Jolla, CA Watch: Platona Posts: 12,194	If it were me - and I am very cautious with my money - I would pass on this opportunity and contact (via PM) one of the Trusted Sellers on this forum (DavidSW, OCRolexguy, Takuya, etc.) and see if they can source exactly what you want. Check the site chrono24 to see what prices are for the watch you are interested in, but buy from someone with a strong reputation, like our trusted sellers.

1 June 2017, 09:46 AM	#9
zengineer "TRF" Member Join Date: Jul 2016 Location: Michigan Posts: 4,588	I'd suggest leaving watch flipping to the dealers, especially with a ladies watch. It's too unpredictable.

1 June 2017, 11:32 AM	#12
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,368	To check if it is stolen, you can give it to RSC and ask for a service quote, and they will then tell you if is stolen and if so they will confiscate it. If you go for this then you should warn your seller that this is what you will do and work out the possible recompense.

1 June 2017, 01:56 PM	#17
Flstfirider 2024 SubLV41 Pledge Member Join Date: Mar 2013 Location: Auburn, AL Watch: Rolex, Tudor Posts: 1,139	Are you questioning the honesty and integrity of your friends mom? Maybe she needs money? If she is not a watch person, she might not know the true value or have the ability to sell it herself. If it's authentic, which you have verified, go for it and don't over think the transaction.

1 June 2017, 06:25 PM	#19
amg55 "TRF" Member Join Date: Mar 2011 Real Name: Me Location: Australia Watch: Daytona 116500LN Posts: 677	For such minimal gain, why bother going through all the trouble.

1 June 2017, 06:29 PM	#20
MonBK Banned Join Date: Nov 2010 Location: Kingstown Posts: 58,279	Go ahead and buy it. Sell it for 2k and pocket a hefty $200 profit.

1 June 2017, 06:54 PM	#21
DLRIDES 2024 SubLV41 Pledge Member Join Date: Jan 2017 Real Name: Don Location: NC/WY Watch: Me Posts: 4,665	I wouldnt worry about it being stolen, but flipping a ladies Rolex ..................... ? __________________ *Purchasing your first non HOA home on a 3 acre lot DOES NOT equate to owning a “farm”.*

1 June 2017, 07:40 PM	#23
Bob the brush "TRF" Member Join Date: Feb 2017 Location: Mercia Watch: 1016 Explorer. Posts: 928	I'm with the others, you seem IMHO, to be buying a potential problem for potentially what may be if you're lucky, a small gain. Trusted sellers here, are going be a safer route to getting your wife her Rolex. If in doubt just walk away, it's your hard earned cash after all said and done.

2 June 2017, 02:01 PM	#24
SpyShops718 Banned Join Date: Jan 2017 Real Name: Steven Demeter Location: New York Watch: Rolex YM2 Gold '08 Posts: 319	Ask if he is the original owner if so than ask him to give you a copy of his drivers license just in case it is not legit. If he has no problem giving you a copy of his drivers license than he is official. I would also make a receipt between you and him.

2 June 2017, 02:07 PM	#25
AS1 "TRF" Member Join Date: Mar 2014 Location: NYC / Milan Watch: 6263 Posts: 3,938	this seems like a really convoluted way to go about things.

2 June 2017, 02:07 PM	#26
RolexNorth Banned Join Date: Jul 2016 Location: Toronto Watch: YM2SS,SD43,HULK Posts: 558	I subscribed to a luxury watch reviewer on youtube and he says selling/flipping women's Rolex watches is a real nasty pain. It's not easy. Unless you have a straight up buyer waiting for it, I'd forget about making any money on this watch.

2 June 2017, 02:08 PM	#27
Fleetlord 2024 Pledge Member Join Date: May 2013 Location: Vain Posts: 6,008	Pass. Ladies watches are close to worthless

2 June 2017, 03:25 PM	#28
Bigsykedaddy "TRF" Member Join Date: Nov 2016 Real Name: Anthony Location: Florida Watch: LVc \| SubC Posts: 2,285	I would pass. As everyone else said in this thread ladies watches are a tough sell and you may actually end up losing money. Best case scenario you're looking at $100-$200 profit, but most likely you'll lose a few hundred.

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