Unexpected Trade: Selling Rolex for Patek Philippe
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- Опубліковано 26 вер 2024
- Join us at Watchtrader & Co as we buy and sell Rolex watches. Stuart kicks off the action with a customer who is trading in four watches for a Patek Philippe Calatrava Pilot Travel Time in white gold. He has quite a large collection including a 36mm Explorer 124270, a steel and rose gold Datejust 41 with a chocolate dial, a full black ceramic GMT-Master II 116701ln and a ‘No Time To Die’ James Bond Seamaster in titanium on the nato strap. Pre-owned precious metal watches from Patek Philippe, Audemars Piguet, and Rolex are currently available at substantial discounts compared to their original retail prices, attracting savvy buyers who are seizing the opportunity.
Jon is looking to buy a a selection of steel sports models from a gentleman as well as a very unusual and rare timepiece. The Lyrique Étude No.1 reference LE50-1 is a custom commission from a group of 52 watch enthusiasts. The white dial dress watch is cased in steel and and features a scarlett red handset and leather strap. Jon isn’t afraid to say that the owner will know far more than he does about this niche brand and is happy to hear the story of the watch.
Next up Joe is buying a first generation Batman GMT reference 116710BLNR from a gent who originally purchased it in 2016. The watch is in great condition but it will require a very light polish to bring it back to pristine retail ready condition. Can Joe make the right offer to close the deal.
Josh is in the store to show a 31mm lady Datejust in steel and gold with a beautiful olive green dial. This reference 278273 is an example of the classic combination of fluted bezel and jubilee bracelet.
To round things off Jon helps guide a gent through a part-exchange deal. The incoming watch is the TAG Heuer Carrera Chronograph in steel with a blue dial and the watches being considered for purchase are both Datejust 41 models. One has the blue baton dial and the other features the Wimbledon slate dial with roman numerals. If Jon can get the numbers to work for the customer there is a deal to be done.
0:23 Stuart | Part Ex - Watch Collection For Patek
1:50 Jon | Buying - Air-King | Explorer 36 | Datejust 41 | Étude No.1
4:18 Joe | Buying - GMT-Master II Batman
5:47 Josh | Selling - Datejust 31
7:25 Jon | Part Ex - Datejust 41
10:45 DOTW - Cartier Santos
DEAL OF THE WEEK
6691 Cartier Santos
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Watchtrader & Co are an established family owned business with a boutique store based in Newcastle upon Tyne and a client base UK wide. They also have partner stores in London so you can buy, sell or upgrade your watch in a location that is convenient for you. With years of experience in the trade, they stock an impressive range of the hottest timepieces from leading luxury brands such as Audemars Piguet, Rolex, Patek Philippe, Richard Mille, Cartier, Tudor and more.
Love my Sunday night watchtrader vids with Jon the polish and the crew
😂 “John the polish” 😂
Like the good old “plus VAT” line the building contractors use after giving a price 😂🤦🏼♂️
@@okidoki2952 Or dealer delivery costs on cars
Anyone paying over retail for a ladies Rolex in today's market needs their head examined, irrespective of the configuration.
Quite right. Madness.
Pop into your local AD and request the watch you want in the configuration you specify and see if you walk out the door with it. Lets me know how you get on
@@Tiberiusvonfunk I'll tell you how you get on with that request for a ladies watch. You give them the required configuration and you get the watch within 3 weeks to 3 months. Simples.
The ladies date just is fairly easy to get from Bucherer. I would never pay over retail for one.
They are impossible to get, said every grey shark in the market.
The Wimbledon dial is the king of the range!
The guy getting rid of 4 watches including three beautiful Rolex for a Calatrava has literally gone mad.
It's a Calatrava ffs !!
But they are just Rolex ffs ! ;-) .. ANY Patek over Rolex mate ...
@@russellis6993 could not agree more! everyone and his dog has a Rolex, very few a Patek! Sure, at the pub know one will know the Patek except real watch enthusiasts but then, some of us don´t need to boast with a watch and would rather fly under the radar that's why I got rid of my Explorer and bought a Grand Seiko. Six years on I have no regrets!
I get that it's his £ and therefore his choice ... but he's off his rocker getting rid of those for the PP.
Painful to watch
@@russellis6993 Not any Patek at all, would you get rid of 3 Rolex for a quartz Patek ?? No
Would you get rid of 3 Rolex for a Calatrava?? That should also be a no.
The green & gold datejust is stunning ❤
Ladies DJ over retail 😮
That Lyrique is very cool, a special watch for a proper watch lover
I'd hate to know how out of pocket he is selling it compared to what it cost him originally.
Turns out he's not a proper watch lover though seeing as he's now selling it unworn eh ! ...
He's making a sizeable profit on the Lyrique.
@@crtlover Really, what did his initial investment cost him?
Can't get a laddies date just from the AD? 😅 i love this channel, but that is funny to hear in times like this. It'll take her probably 2 months max to get that from the AD
Funny. You may get a Datejust if you’re lucky but probably not one in that configuration
@Tiberiusvonfunk I got a black sub within 3 months with no history with my local goldsmiths and I was offered twice a steal yacht master before this which I declined.
I feel like there be less of a reason to pay a premium with a second hand dealer who is not an AD, when the Rolex Certified Pre Owned program is rolled out more broadly.
I bought my first, a 116710LN full set from their CPO program through a large, reputable AD. Cost me a couple thousand more than what you see them for on Chrono24. Considering that you should have a vintage or slightly older second-hand piece sent in, I'd have been looking at around that range for a full service on the GMT by Rolex anyway. You're paying roughly the same but getting a 2 year international warranty, a service from Rolex directly and that sweet, sweet peace of mind.
Generally, the second hand costs seem to be quite fair compared to the overall market, although it varies between AD's as they set prices.
Would be interested to hear your thoughts.
It depends on the price. £1000-2000 more to have it from cpo, then sure it’s worth it. But some of the prices I’ve seen the AD’s asking for cpo watches are ridiculous
Love this channel - great work 👊🏽
Thanks for letting us know 👊
9,800 for a Batman gmt that you polish in house for nothing and that you sell for 11,800.. no upfront risk for you as you pay nothing for consignment, that’s a decent margin
Sell for £13.5k more like
No clue why I keep watching But I tune in . I think it’s a weird subconscious thing that I may want a slight more luxury in my life. I never chased it. I couldn’t careless but I do appreciate quality and experience. Owning a Rolex, or flying first class, or buying box seats, bottle service are some kinds of experiences I could appreciate it
We’re glad to keep you entertained, thanks for tuning in
Some people watching this channel think they know the market better than the people every day in this volatile market. Some watches are keeping their prices and some lose their value. But please keep in mind that any company has quite a bit of cost every day and this needs to be covered as well. 😊😊
Special shout out to Clyde on the lyrique
Mate, you can clearly see the envelope of the invoice, the retailer is clearly shown….
Hi, please can you tell us which envelope and for which watch you refer to? Thank you
And not trading for any Patek, but for the daddy of all ugly pateks. Yuck
It's not my favourite either but he clearly likes it. I don't like the side pushers and numeral font at all.
I bought this popular video watch from mamacoo , which was originally priced at a few thousand dollars, but now it's only $380! It's really suitable to pick up feces!
mamacoo Bolsa réplica 1:1 con imagen reflejada, resistente y resistente al desgaste. Me gusta mucho.