They’re commonly faked and the dealer markup is relatively lower since the market is more liquid. Rolex is a classic brand that many people prefer to buy from dealers. This proves to the seller that you’re trustworthy, but it’s also risky there’s not much recourse if something goes wrong.
It doesn’t even necessarily have to be for watches.Įven if you have no prior private sales history on the internet, you can still buy private party by doing the transaction locally in person, or by paying in a non-refundable manner (e.g., a wire transfer or Zelle). It helps to have some feedback or transaction history on eBay or other platforms to show you’re trustworthy. Be aware: private sellers may be hesitant about selling to first-time buyers. If you’re new to the watch hobby, buying from a private party is a good way to become part of a watch community, to get to know other collectors. Watchchart aggregates listings from the most popular online watch sales forums: Reddit WatchExchange, Watchuseek and more. Trading within the community allows you to find the best deals, bar none. I recommend private sales between members of the community. The Benefits and Dangers of Private Sellers This trend indicates that the dealer markup is higher for more affordable brands. These are all brands that generally trade in the sub-$1,000 range on the secondary market. Bulova is the highest, with a 44 percent average dealer markup.īulova, Hamilton, Tissot, Seiko, and TAG Heuer are the brands with the highest dealer premium. Grand Seiko has the lowest markup: 13 percent on average. As you can see, the markup varies greatly brand by brand. The average dealer markup for a pre-owned/gray market watch is 27 percent. Watch Dealer Markups (sorted by brand popularity) Watch Dealer Markups (sorted by markup percentage) The following graph shows the average dealer markup for the top 25 most popular brands in our database. Adjusted for this, the average dealer markup is likely to be between 10 percent an 20 percent. There’s a caveat: watches from dealers are generally newer/in better condition. On average, a dealer asks 27 percent more than a private seller for the same watch. We broke down the data by brand and model, and compared the prices of listings on community forums versus listings from dealer-driven sites. To find out, how much more expensive we analyzed hundreds of thousands of listings from the past year (2019). There’s no getting around it: buying from a dealer is generally more expensive than buying from a private seller. No matter which watch dealer has caught your eye, always check their transaction history on Amazon, eBay, The Better Business Bureau, online forums, etc.If you’re buying on the community sales forums, you can use WatcCharts’ RepCheck tool to quickly vet sellers on WatchExchange, Watchuseek, and RolexForums. Buying from a “good” dealer – often a well-known quantity – reduces certain concerns such as payment processing and returns. Just as there are legitimate private sellers and shady private sellers there are legitimate dealers and shady dealers. When you buy from a dealer, you’re paying for the watch and a service.īuying from a dealer is not without risk. You’re more likely to get authenticity verification, a warranty and a return policy. There’s a strong case to be made for buying from a dealer, whether authorized or online. There are two different kinds: a watch dealer in the business of buying and selling watches and private sellers (individual looking to sell pieces from their own collection). One of the most important considerations for any second-hand watch purchase: the seller. A lot of people spend a lot of time deciding which pre-owned watch to add to their collection.
0 kommentar(er)
