Why His Patek Lost £6,550
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- Опубликовано: 1 июн 2024
- 0:21 Jon | Buying - Patek Philippe Calatrava
4:50 Josh | Buying - Rolex Explorer
7:54 Harry | Stuart - Gold Rolex Price Increase
17:05 Jack | DOTW
Join at Watchtrader & Co as we buy and sell luxury watches in our store.
Our first customer has an elegant Patek Philippe Calatrava reference 6119R. This model features a rose gold case measuring in at 39mm and is just 8mm thin. The silvery lightly grained dial sits on top of a manual wind movement that is decorated to an exceptional standard as you would expect from Patek. The sapphire caseback allow you to observe the finest watchmaking in all of its glory. The watch is fitted with brown alligator strap. Jon looks to make an offer to the client to achieve the best return upon selling the watch. If we can price it right in the market, we can’t see this model hanging around for long.
While in store, the gent does consider a Rolex Submariner Bluesy, comparing the current 41mm version against the previous generation 40mm. There is a notable saving to be had by option for the older model. We also take a look at the 116500LN steel panda Daytona.
Josh takes a look at a Rolex Explorer 39mm mk.2 for a customer looking to liquidate part of his collection. The watch has clearly been well worn and enjoyed which is great to see, however we do need to take this into account when making an offer to buy it. He also has a Cartier Santos in the medium size with a white dial and despite its 35mm size, it wears larger than you might expect due to its square shape and integrated bracelet design. The Omega Seamaster diver is also for sale however this isn’t the latest version as it has a steel casebook and a simpler dial without the wave engraving. On his wrist is the Grand Seiko Snowflake, probably one of the most well known models in their line-up.
We have heard that Rolex gold pieces are due for a price increase on June 1st (at the time of post this video we can confirm it’s true) Stuart and Harry discuss the difference in retail and market price for a selection of gold models in store. We question what this could mean for the availability and market price of pre-owned precious metal watches as we move further into 2024.
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6225 Rolex Datejust 41
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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.
The Calatrava looks absolutely stunning 😍
Sell to a dealer, get robbed
Exactly just keep your watches.most are professional conmen
Basicallythe same as car salesmen really
Rolex is so par se these days.Jump into a vacheron boys
@@user-mk3ni4rg1li think you mean passé 😁
They're all doing you a favor, taking it off your hands lol
Love mamacoo the way you show it! You really focus on showing off the watch. I don't think any other RUclipsr can show off watches in as much detail as you.
I can’t understand dealers that are shafting customers at both ends of the deal. For me do your research and take your custom elsewhere as this model is not geared up for repeat custom and loyalty. They know what the watch their selling stands then at and if there are getting the price they’ve asked then happy days. To nail your client on part exchange just doesn’t sit right with me and customers should vote with their feet. After a polish and tidy up no one has an issue with then getting a drink out of the deal but to be trying to nail people for over 2k is a disgrace!!
explorer, seamaster, grand seiko and santos, that guy had a great collection!
Absolutely disgusting they have that 39mm explorer 2019 online for £6,950 . And they will only offer £4,000 even with £500 spent on it there making £2,500 that’s over a 50% markup don’t sell or buy from these chancers rip off merchants and that john is a right clown !
Somebody got to pay these grey dealers’ lifestyles.
They got overheads, tax/vat etc, he doesn’t have to sell to them 👍🏻
That’s business. Buy for a dollar, sell for two. This business has a platform to sell watches with a massive reach to customers. People can always do things themselves, from building a house to handling their own legal and financial affairs, but the time and risk of doing so is often not worth it.
I can't believe they held him at gun point to do it!
Oh no wait. They just gave him an offer and let him walk away.
Looking at eBays completed listings these are struggling to sell for £5.5k in better condition. If it is a bit beat up like he said he might get £5k on eBay. Minus fees that's £4,325.
@@jamescain5911 how much are ebays fees ?
I think a lot of the comments here are completely misplaced. First of all these guys have a business to run, they are running it for profit, not for charity or for your entertainment. As such they have to pay salaries for multiple staff, rent, rates, overheads. Seems everyone forgets the cost of their inventory - I don't know how that's financed but if you add up the total value of their watches it's a staggering sum which is either lent by some rich investor for a rate of return or by a bank. Point is these employees didn't wake up one day with 1 million pounds to spend on watches. The watch you are all angry about is a cheap rolex (not cheap in money terms but cheap in terms of rolex price points), so calling out percentage markups is as dumb as that comment. If they actually operated on a 50% markup then the Caltrava would be 40k etc.
In summary get back into the real world commentators......the bloke who used his explorer as a football is disappointed not to get top dollar, sure, but he doesn't have to sell it to them and he did not sell it to them. They don't want it because it's a beat up watch, and they have a better one in stock already. In a falling market where they run a business for profit with substantial overheads their pricing was/is appropriate.
The people making the comments don’t understand basic business economics.
People bitching about the dealers buying low and selling high must obviously work for nothing and not know how expenses work when running a business. Thanks for the content chaps
Everybody needs to money to pay the bills, but I think not everyone is on the same page how much is enough profit.
£4k for a 39mm Explorer..... That's ridiculous even with the scratches!!!
ehm ever hear about polishing? i make any scratched watch brand new
That’s a $100 polish job. Just lying to the customer there.
He clearly says it has "multiple chips" and a "massive ding" so that's not in need of just a polish.
@@cryptoairdrops101you can't polish out a ding. Not without changing the shape of the watch. It requires laser welding.
I don't think it's crazy. Look at the ones that didn't sell on eBay. One recently didn't sell for £5.5k in better condition and eBay fees are 13.5%.
Very nice
£17k consignment that's £10500 gone
A lot of hate on here about buying low selling high. There not a charity there trying to make money I don’t really see the issue.
Thats for the consistent uploads.
The calatrava is the best patek imo, i bought it in switzerland, it was the right size for me, and it had entirely hand finished movement. Better than the annual calendar. Now, I'm curious to see how much it's worth today, so I'm planning to do a little research.
Great that will fetch you some cash. *I used to be a collector, but I liquidated my collection to venture into real estate. In January, I acquired homes in Malibu for $45million, and the returns on investment far exceed what I earned as a collector.
Only the used watch dealer makes money. The seller get a new hole. Everytime 😢 buy what you like and afford to keep.
never consign
sell it as cheap as possible ??
Why do you think the platinum pieces cost so much more than full gold pieces? Yes, platinum is a rarer material, but it's also a lot cheaper than gold. Gold is circa £59 a gram whereas plat is around £26 a gram.
Platinum is much harder to work with than gold. Also it's 'off-cuts' can't be reused without being refined (anyone can smelt gold) so it's labour unit cost is that much higher.
Try to sell its to wearer instead so you don’t get rip off.
Dude lost way more that £6k. Brand new that’s a £29k watch
Guy should have just bought a Pepsi and he wouldn’t have lost any money.
Why on earth would a guy choose to lose 6000k on a calatrava to then look at a tt rolex.. haha.. these dealers probably love customers like this.
The cheaper it is the quicker it would sell…. Christ 😂
Watchtrader first is stuggling to breathe. Please, please get him to join the gym.
The watch market is Dead!!!!! Stop being suckers
Some people don't buy to make money. Which makes the dropping watch market prices great for us.
Explain what you mean. Try getting a desirable Rolex watch new and see what happens.
@@David-yd6ur I have a few of them recently. Rolex AD are getting stock again.
@@Milofchg Which models are those?
@@Milofchgyeh, of course you have…🙄
People bitch and moan about Rolex raising gold piece prices. Name a watch brand that makes cheaper solid gold watches.
Longines, you can buy an 18k gold watch for under £5k.
John Forrest
Good point. Rolex prices for their gold pieces are undervalued compared to their competitors. People gravitate to the steel models due to lower prices and then bash Rolex for gold watch prices , which are fair prices actually.
@@Anonymouslyme1 With bracelet?
Tudor
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 's watches are worth it！