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How To Sell Your Watch - Federico Talks Watches
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- Опубліковано 17 лип 2016
- In this episode of Federico Talks Watches I discuss how to sell your watch. There are many different ways. Sell it to an Authorized Dealer, Gray Market Dealer (diamond district) or online via eBay or a forum. They all have their advantages and disadvantages. From paying paypal fees and security to receiving less money due to margins.
Contact: federicowatches@gmail.com
Instagram: / federicotalkswatches
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As I'm new to collecting, I love how your content is aimed to help novices through pros. Thanks for another great video!
Glad you got something out of it Jonathan...
Federico - I appreciate your perspective in these videos. You've really carved out something special here on UA-cam for all of us watch addicts. I was gonna write to Tristano and tell him that he needs to consecrate you the "Lieutenant Governor," but you really are an original as is he. Keep up the great content!
regarding eBay, not to mention if you are new to eBay as a seller and your piece is of any value say over $2000 there are many scam artist that will target you, they will request for you to send the watch to an address other than their address listed in the "buy now" response for example. Be very wary of anyone who asks you once they reply to your add in eBay to correspond going forward and do the deal outside of eBay and have any type of story that they need you to respond to a different email address or ship to a different address.. unfortunately a reality as a new seller selling an item like a watch of great value on eBay.
Really good stuff. You've given out a lot of great information, especially in your last couple videos.
+FATshadow glad you think so shadow!
Why should you delete de serial number from the pictures? I have never really understood the reason.
I think it has something to do with people using that serial number for their replicas
For example they can copy the serial number from a real watch, then engrave it on the case of their replica and pass it off as the real thing
found you recently, great information! cant get enough of the channel! keep it up federico!!!
Cheers Grant!
great video. fantastic tips for all of us that want to sell our watches and have not much experience. right on time Federico. cheers.
You were one of my inspirations Ana!
Your videos are always so timely in my life. Thanks for the advice and keep up the great work.
Regards,
Nick
Lol... Selling something?
+Federico I (Federico Talks Watches) just picked up an Omega Seamaster which is displacing my Oris Aquis. May post to the Facebook group first.
Great content!
+J. ANTHONY thanks bud! Much appreciated!
Both of your channels💯
Authorized Dealers: 15 to 35 cents on the dollar! Grey Market 50 cents on the dollar - as a newbie considering to invest in luxury watches that's painful to take in. So basically I would need an investment watch to more than double in value to even break even. How many watches do that over the course of 4 or 5 years? Maybe I'll stick to train robbery
Watches are NOT an investment.
Federico Talks Watches everything is an investment tho... there is some watches, mostly high end, which are worth more than the retail price. I walked in a Rolex AD and found a gmt Batman retail price for 8200 euros and they are selling for 10k at least in the grey market. Needless to say that works with a few watches but if you find the right ones... happen to me with the g-shocks 35th anniversary, during the hype I found 2 of them, sold the golden one for 1000 euros ( paid 550 euros retail ) and the silver one is selling for 650/700 up to 800 ( retail for 500 euro )... gotta watch for the next trend, buy retail max and wait for the sold out to sell.
You could maybe do a video about “flipping” watches and how hard it is to buy from an ad and sell it after. Here in France ad don’t sell more than one model of a very asked watch because they assume it’s for resale.
Interesting content Federico! Question: How do you protect yourself as a SELLER when selling online in case of someone returns you a different watch as what you shipped him? Usually PayPal tends to protect buyers way more than sellers in case of disputes. Greets from Italy!
Another amazing, useful video compadre !! I sold my Marathon GSAR version 1 on ebay for $675 and lost about $70 something on paypal and ebay fees included but I didn't mind because I know I was secured.
Well done again! Good and specific advice. Thanks for the website tips.
My pleasure Eye Eye
What's up with the blurred serial number?
Federico, I recently when to an AD to sell my wife's Rolex. I had two on-line trade in prices and he offered above both. I thought it was an extremely fair price. I could not have gotten much more on eBay but I would have needed to pay fees and shipping. In good faith, I am giving him 2-weeks to get me a Rolex Explorer II. I have been selling lower end watches on eBay and doing OK.
AMAZING! this is usually not the case, ADs usually offer on the lower-end... Congrats and nice work Thomas!
Very interesting and useful information. Thank you very much indeed.
Cheers Jose, glad you found it useful...
Great information, Federico! You are doing a fantastic work!
Best regards,
Michele.
Great video Federico! Keep the content coming, it's really interesting seeing your view on different watch topics.
Thanks Patrick! A lot more too come...
The biggest tip I tell people who sell watches is to buy the watch so you can wear the watch so the costumer can see the watch on you! how it looks and wears! I had retailers come to me to yes to trade. So I make them a deal when needed! I trade so many watches to something I want! I barder! Thanks for the video!
Always find your input valuable Federico, keep up the great work, we appreciate it!
Great content i own a coin shop and i do a lot with watches as well and you are on the money as how it works thanks.
I use PayPal quite a bit but I'm more confident using it when I'm a buyer as their protections favor the buyer a bit more than the seller.
I loved this video. Great topic with amazing coverage. Well done Federico !!Keep up this awesome work and your subscriptions should skyrocket !!
Awesome video and tips! Your timing couldn't be better, as I am thinking of offloading a few watches soon. Thanks!
Thanks John!
That's some really great advices Federico - thank's a lot for sharing this!
Great video. Thanks alot..
Pls keep the good work.
Very informative - nice work!
As always from Federico - very helpful information! Great video!
Top notch content as always. I have flipped some watches through eBay and the forums, and your advice is spot on. Pics should look as professional as possible, and the ad should be worded in an intelligent and knowledgeable manner. One thing I hate is when sellers just cut and paste the spec sheet and add no further info. Also, quick shipping and careful packaging can work wonders for your feedback/reputation. Buyers appreciate when they can see that care was taken when packing the watch, and everybody likes getting an item earlier than they expect. Treating each other as we would want to be treated really shows respect for the hobby, and in my experience most watch guys (&gals) get that.
Well said sir. Spot on....
Great video! Keep up the good work :)
Hi Federico! I have to say with each and every video you get better and better with presentation. You have a lot of experience in the topic for sure but at the beginning with first videos the actual delivery was not as free and fluent. Of course takes practice. But now I really like the natural flow a lot! You have really good information! Keep up and good luck with the channel! Subscribed!
Thank you Railgraf! I am completely new to the camera, so you are right practice makes perfect... I am glad you enjoy the content!
Thanks for the video Federico. I was actually about to ask you that question LOL.. I pretty much heard what I already new, you just summed it all up nicely, thank you! As far as I know to sell on RWF you need to be a pledge member and make a $25 donation. Not sure if that is optional or not though.
Thanks again for all your videos, I have been enjoying them all and am always looking forward to the new ones. Keep them coming buddy.
Cheers!
Ciao Federico!
Thank you for the information, useful as always. I am just about to sell a piece I don`t like any more.
Could you tell your professional opinion on Fossil watches?
Thank you!
+Илья Русаков fossil is an inexpensive fashion watch... I don't love them...
Thank you for your expertise :)
I liked the pros and cons Federico, many thanks and congrats on 7K, super!
Thanks Larry!
Another great video Federico. Liked it!
Thanks for your hints, Federico. I'm going to sell a bunch of my watches soon. And I'm going to sell online. My first choice are some special Facebook groups. As you mentioned, it gives me a better feeling, selling the watches to people I "know".
Best regards,
Claus
Which faces groups are good for selling?
Really interesting topic and great advice from someone inside the business. I hate selling watches as I'm never sure if I'm underselling or not, but great advice on using forums as most of the people on them seem to be honest watch enthusiasts who are not looking to rip you off.
Great video and please keep them coming as I really appreciate your insight.
Regards Brian.
Great video. Informative. I really enjoy your channel.
Very informative video I learned a lot, Thanks!
Much appreciated tips Federico. Thanks:)
Super helpful, thanks for the video!
Great to see you leverage your field of expertise regarding watches!
Regarding sale price, is it industry norm to cut down the price that much? 30~35% for Rolex or Patek seems like quite a huge cut when selling to ADs. Can you elaborate on the conditions? (e.g quality, warranty, years of ownership, etc.)
Love your videos Federico! Legend in the game.
Great informative video. Very interesting.
Once again...Truly good and useful information. Thank you. Jerold Moore
Glad you enjoyed it Jerold
REAL GREAT FEDERICO.
Great tips as usual.
Great video! Good tips.
Great helpful info Federico..
Cheers
+Luke Weaver thanks Luke!
That was excellent info!
Thanks for the video - good advice
When are you getting the watch you bought in Hong Kong?
Great info. Thanks !
Sound advice. Thanks for sharing.
+CG AWC Channel glad you enjoyed CG!
Great information!
What about
Auction?
Consignment?
I like Daniel Wellington! Nice heritage and beautiful dial. Nice quality as well.
Who sells watches to AD's or any other store? You can get much better price if you sell it youself. Thats how most deals are done, at least in Finland.
I agree with you, thats why I included the third option...
if you need cash money real fast an ad is your best option
love your vids btw
Thank you game lift...
Thank you Sir....good stuffs there.
My pleasure Dylan, glad you enjoyed...
Hi Federico !! Love the content and your knowledge on watches! I wanted your opinion on what should i do with my watch. I have Rolex Submarine 16613 TT Pre - Ceramics. Should I trade it for another watch ? or should i keep it ? Just to let you know I love the Submarine and often wear it on a royal blue nato. What are your thoughts, should i keep it in my collection ?
+Vivek Khanna I need a little more info... Why do you want to trade it? The simple answer is its a Rolex, why not keep it...
you know your getting pretty good at this stuff!
Cheers Wolf... I appreciate it...
Nice vid, great information! I remember i went to some grey watch dealers in Milan, Italy, with a two-tone 1973, black dial Datejust,box, serviced, apraised by Rolex Montenapokeone as 'mint condition' and was given best offer 1500.. so that fitted the margins.. :))) but i felt then insulted.. :(( and did not sold..
Yeah Don, I only recommend that option if you need cash fast... Thanks for watching...
Excellent content, great tips as always! Do be careful when road tripping to foreign cities for $6k watches though ;)
Why not Wire Transfer? There is no recourse
Another chunk of knowledge ! Thank you Sir !
btw. Atlantic on nato is to much for me to handle :P
Great advice! One question: If we do transactions via forum, do we have to worry about the tax?
Nope...
What about buying from privat inside the USA to Europe?
No tax unless its a commercial transaction between a company and a buyer...
Another good topic!
After watching this, I wonder what I can get for my Vostok...a coupon for a Subway sandwich and a small Coke?😆
Great info, but unfortunately there are too many "cheap" people out there. I like a bargain like the next guy but I also know a great deal (say an authentic like new $10k Rolex for $4k - no brainer) but there are still ALOT of people going to offer $2k or less!!! AD's are like used car dealers- they wont even give you blue book, Ebay has too many PayPal/ebay fees - about 15% when all said and done. Locally- good luck!! Depending where you live - lots of cheapskates!!! People making unreasonable offers for a 6k watch- I tell them maybe they should go buy a Citizen or Invicta with that kind if offer.
Love the video brother:) btw try not to look at the monitor.
Yeah, Just glancing at my notes... Still learning...
Thanks.
I very rarely comment but I felt I needed too this time about your forum recommendations. I will admit I find the technology a bit dated. My main comment is that playing around a little bit with timezone etc I find that feel that unless one is a fairly "mature" user of those forums, it is not a place a newbie should use to buy or sell a watch. It feels too risky. If one is sophisticated like you then perhaps. Nevertheless, I really appreciate your knowledge in educating us.
Rolex Forum recently made it that only pledge members can sell on the forums.
Good to know of the change Yogesh... I think watchuseek still has pretty lax requirements though...
What about Chrono 24?
nice
are you ever concerned about a watch your interested in being stolen? if so do you have a way to check a serial number?
best thing you can do is check with the manufacturer or the local police to see if it has been reported...
"check with the manufacturer " Where? On the manufacturer's website? By phone?
To all the Germans out there: is it possible to check with the police in Germany? I don't think so.....
No by telegraph lol! Johannes, of course by phone... And while I am not german, I am sure you can give the police a serial number at ask if its stolen... Wake up a little bit bud...
Your the man
Hello Federico, you do not address a question that I had made before. How to value your watch before you sell. Just to say 30 cents maybe ok but its to broad. I suggest that anyone looking to sell should look for sold listings on eBay to get a better idea of how much consumers are willing to pay for a comparable watch. Additionally since its typically spans several weeks you can see if there is a trend developing in pricing or even in models as you can tailor the search as if you were looking to buy. In absence of a trustworthy source of historical values (a Watch Blue Book) thats about the only tool I use.
Couple of days ago I was looking at an auction and tracked it to end. And it did confirm my suspicion that there is a trend developing on the upside for an specific Omega model of Seamster from 12 years ago. its going up and if it continues it would confirm that its time to buy now. That why we need a forum or FB page to records recent pricing.
+Ismael Martinez I would use completed eBay listings to value the watch and see what other people are trying to sell it at on forums etc... I do not love auctions (from auction houses), their prices never include the 20-30% buyers premiums and fees... I also do not love eBay because I rely on reputation and eBay feedback is not enough for me...
Interesting!
What do you think about Chrono24?
Meh... I never use it... prices are inflated... Also you need to pay a fee to sell your watches...
WHY NO CHRONO24 TO SELL
Well there is another way to buy/ sell your watch atleast here in europe. local market place face cto face. No fees, no bank cash in the hand. I sell/ buy stuff like that al the time ,
I haven't heard of anything like this in the states...
Haven't heard of this during the last 50 years ;-)
+Johannes Kathol those days its much modern then 50 years ago. its kind of like ebay but locally you can an item online and then you meet with seller in location tgat is close by your appartment work ect and pay cash.
Can you make a video on what all the little applications that come with watches mean (chrono, gmt)and how divers use the rotating bezel, etc.?
its hard to sell expensive watch
Couldn't really see the watch in the watch check...
check out my instagram for more pictures...
Just buy and sell every piece through delray watch!
I just learned that selling through EBay requires you to offer six months return policy. Is this true?
Fed, where's the delraytwatch.com link?
this is well before DWS existed :)
@@FedericoTalksWatches sorry, enjoyed watching and thought it was recent without checking date. Thanks for the reply and keep the videos coming. Really enjoy Hansie too. Stay safe.
l sell watch ap royal oka leo messi
I want to sell
Your opinion is from a buyer mind, not for a person that looking for sale a watch.
Sorry for being really dumb but what do you mean when you say if you have a $8,000 watch, ask for $3,500? don't you want to ask for more if you're selling it to them?
Who wants to buy a Rolex Oyster Perpetual Sky-Dweller ( White gold )?
how much and in which condition?
Brand new, with its Pack ; $30k
As soon as you said GIVEAWAY I felt greed, pure greed...I'm a horrible person.