I've been collecting watches for quite a few years and given some away to family and sold a few to close friends. I've considered selling some,and your information is very helpful ! Thanks for the advice ! 👍❤
Hi Chris, I learned tomething when when I was studying for for my real estate license which applies for most purchases. We gain or lose on the front end. Example, I just purchased a GS sbgm221. If I would have paid retail or more for it I can never recoup that extra money that I paid. TIt applies even to Rolex or other desirable watches. Yes, we may make money at the sale but if we paid $1000 more then it's worth that money is gone forever. Love your videos.
Great advice! I think long and hard before I buy another watch(I get anxious having too many watches)! I’m way in the black with my Rolex pieces which might make up for my many losses. I just plan on losing money 💵 on watches but only buy what I really love. 😎
I'm just a collector and never sold any of my watches [given a few to family and friends].If I was a watch reviewer getting free watches I'd prob sell a few but these are my babies and couldn't bring myself to sell one .
I describe it as best as I can get the best photos I can and I list it as is no returns. I also mention I am not a watchmaker and that I have seen item in working condition but because it is sold as is no warranty no returns and I am not watchmaker, you will receive watch as stated in non returnable condition. I have done well with it.
This happened to me also. But eBay sent the buyer the money for the watch that I was selling him. And the buyer sent me a broken ladies watch back. So he got my money and my Ferrari watch!! and I walked away with nothing and eBay didn’t help very frustrating!
glad i came across this video. my dad just passed and I got a few of his watches, nothing fancy.. but it triggered something in me.. a few days later I find myself buying a bulova precisionist watch from a co worker for a great price.. and now im looking at videos and websites trying to get a hold of cool watches.. not even trying to sell them. I didnt this this shit was addicting but my god lol
@@finno7281he ain’t finna see he probably don’t buy watches like that. He bought a bulova homie😭😭 not a Rolex or breitling, audemars piguet, patek, Cartier, hublot, nothing even costing a pocket full.
@@Bitisrhinoceros Congrats, looks like you’re well-versed, but a 'pocket full' can mean different things to different people. Your point doesn’t quite hold up, and the grammar could use a bit of work. Wishing you the best.
Great video! I fully agree with everything you said, except one thing: i do not agree with the fact that you need to accept the return of a watch someone bought from you after 4 MONTHS. Longest scenario can be 1 week, because common, it’s not necessary for you to wear a watch for 4 months in order to “get used to it” that’s bs for me. If someone would come to me after 3 or 4 months and wants his money back, i would tell him that i’ll buy it for 50-70 cents on the dollar, especially if it’s in bad condition, or not in the exact same condition as i sold it to him. And this is the case if a watch is worth up to 10k. If we are talking about APs or high end rolex models, like some day dates, or daytona’s, which are in a market that changes daily, clearly not….other than that, keep up the good work and stay safe!
Hi I just picked up two Movado watches that need repair. Was thinking of flipping but not sure about putting $$ upfront to fix it. No guarantee anyone is going to buy in this day and age.
Many thanks, really interesting. That return policy, is that only new or expensive watches? What about vintage watches with no history, or cheap £100 old watches?
Good advice, the thing you hint at, but don't say directly is a key component of buying and possibly selling a watch is getting a good price on the initial purchase. If you just pay retail, you're gonna get killed when you sell. I haven't sold any (yet), but I typically see what the model I am looking at is selling for before I push the button to buy. Also, it depends on timing; I've got a few watches that I bought 20+ years ago that are worth much more than I would have anticipated, but then again I have others that are worth much less! Best advice is to buy what you like and don't worry about resale.
Thank you for the great advice and information. From time to time I do sell my watches to friends, but I don’t get what I’m asking for. I’m not sure if I want to deal with returns from eBay or PayPal. I think I like trading better. Great video once again. Thank you.
I might be mis-understanding what you said about PayPal's return policy, but if I'm not -- who would ever keep a watch longer than 6 months!!? Just return it for a full refund and buy another brand new! 😂 (I'm not actually supporting this activity, just highlighting how ridiculous the policy sounds)
What if I’m not buying the watch? What if I’m selling the watch to another business or person? While it’s still in the ownership of another business? Basically just bring the middleman and taking the profit off the top, the listed price for the dealership likely is already profiting if so they’ll usually don’t mind if you can get a sale off on a piece that they’d been wanting to get sell, for instance I’m currently selling a 1976 Day date 18038, the dealer price is 13,950, I’m offering to sell it for 14,200, the highest end usually sells for 14,950 so this leaves potential profit for whoever buys and sells the piece.
Good guidelines (don't like rules). I buy all my watches with the expectation of keeping them. With that said, I've sold over 400 since 2011. About 375 I have owned for 3+ years. I don't sell for profit or to break even. I have someone that sells them for me. All I do is provide him with a spreadsheet with the details, condition of the watches & what I'd like to sell them for. I price them lower than others are selling the same item for in order to have a quick sale. I've literally made a profit (for me) on no more than 50 of those watch sales. I DON'T CARE. That's the price I pay for buying online without seeing the item first in a brick & mortar store. In many cases had I seen & examined in a store, I would not have pulled the trigger. I feel for you on that bogus return. I had a similar situation on one of my sales. It was a Seiko Kinetic. The buyer returned it stating the rotor hold down screw came out. Refunded the buyer. When it was came back, we compared the back of the watch with the photo in the listing. The caseback had been removed. The power cell had been swapped. WTF 😠
@PrimeVids As far as that transaction; nothing as eBay sides with the buyers. I ended up buying a new power cell, taking it to a jeweler to install it and give the case & bracelet a thorough cleaning/polishing. Listed & sold it a month later for about $35 more than what the bogus buyer paid to a completely satisfied buyer. Since I'm a regular customer for the jeweler, I got a decent discount on the services, so my additional $$ loss on the final sale was palatable.
Interesting. But no, for me, it's the movements and a good looking watch on top. Why I picked up the Farr & Swit Wayfinder, and BTW it turned up, and it is glorious. The Lume lasts all night and is readable (that's how I test lume if I can still read it in the dark in the morning before I get up). Two more to get something with a Miyota in it and a Seagull. Not interested in the high-end stuff, I would be too worried to wear it in public, and that's no fun. Most of this comment is basically for YT Algorithm. Though I could tell you about camera gear (:
I had no idea that PayPal allowed for 6 months return. That would really upset me, if someone wore a new watch I sold them, and then returned it in 6 months. Heck of a profit on that edox, dang.
Not only did they wear it the scratched it up... It was a pvd coated watch. After that I sold it as is for 1/3 of what it sold for the first time... Guy basically cost me 200 bucks bc he didn't the watch anymore... Wore it for 4 months and sent it back very used ...
They are phasing it out but not yet. If you are a business yes but if you are not like I am it's still paypal... Sold a watch today and got paid with paypal..
Great video and excellent advice. A lot of sellers on forums such as WUS have great feedback, yet often state that they don’t offer returns. However, I assume they must have to take returns if the watch is delivered to the buyer damaged and if standard PayPal (not F&F) was used for the purchase. As a forum or Instagram seller, should you explicitly state that you take returns or only offer them if the Sh*t hits the fan?
I bought a Seiko Kinetic Arcture only to found out its fake. Never knew fakes last so long or that people make fakes of watches that arent worth that much
Man guck dude!! I wanted a side hustle but after watching this... I remember when I was in 6th grade I had a brother best friend. He was my only friend everyone else was bullies. But we had each other's backs!!! I remember he had this really cool camo g shock watch!!! I always asked him if I could have it and he never gave it to me. One day he came to school with a brand new watch!!! He gave me his old watch which I thought was the coolest!!! My brother passed away and someone stole the watch. This video helped me find that exact same watch!!! I'm ordering one as soon as I get paid!! Thank you!!
Can you still give ( negative) feedback to such a buyer after all that time? If you're doing it regularly I can understand why you wouldn't want to, but if ( e.g.) you sold one watch once as a close friend of mine has done?
Do you think it is a good idea to buy a $1,000 watch and try to sell it through my FB and IG account to any contact for $1,100? Small profit but if it works I can start buying more of these and repeat the cycle. Thanks.
A return after 4 months is bs, i understand that you want a good reputation, but do you want a reputation of being a mug or a reputation of being firm but fair?
Listen, you should never look for a buyer. Make that buyer look for you. There's always money to be made on everything of value. The exception precious metals.
Hi Chris. Are you selling the wise watch? I'm in Australia so postage will be expensive, but it's worth asking. Thank you. I'll share my email if you want to talk.
buyer who returned it knew what he was doing going thru paypal. Probably does it over and over again. Acts like hes a baller. I had someone i knew did that with sunglasses would return them within 30 days or 60 days. Would do it over and over again. Never Paid.
that’s crazy af! about dude smoked the watch and then u had to take it back that’s the bullshit. can’t u put on u must return the watch in the condition that they received. jw?
I've been collecting watches for quite a few years and given some away to family and sold a few to close friends. I've considered selling some,and your information is very helpful ! Thanks for the advice ! 👍❤
Hi Chris, I learned tomething when when I was studying for for my real estate license which applies for most purchases. We gain or lose on the front end. Example, I just purchased a GS sbgm221. If I would have paid retail or more for it I can never recoup that extra money that I paid. TIt applies even to Rolex or other desirable watches. Yes, we may make money at the sale but if we paid $1000 more then it's worth that money is gone forever. Love your videos.
Great advice! I think long and hard before I buy another watch(I get anxious having too many watches)! I’m way in the black with my Rolex pieces which might make up for my many losses. I just plan on losing money 💵 on watches but only buy what I really love. 😎
Great advice! Having had similar issues I agree with everything you’ve stated! Thanks Chris!.
I'm just a collector and never sold any of my watches [given a few to family and friends].If I was a watch reviewer getting free watches I'd prob sell a few but these are my babies and couldn't bring myself to sell one .
I describe it as best as I can get the best photos I can and I list it as is no returns. I also mention I am not a watchmaker and that I have seen item in working condition but because it is sold as is no warranty no returns and I am not watchmaker, you will receive watch as stated in non returnable condition. I have done well with it.
Great rules for all flips.
Thank you for your honesty. I buy what I like but tastes change over time..
This happened to me also. But eBay sent the buyer the money for the watch that I was selling him. And the buyer sent me a broken ladies watch back. So he got my money and my Ferrari watch!! and I walked away with nothing and eBay didn’t help very frustrating!
If a watch trader didn't want competition he would make a video like this.
Great video! Very informative, honest, and helpful!
glad i came across this video. my dad just passed and I got a few of his watches, nothing fancy.. but it triggered something in me.. a few days later I find myself buying a bulova precisionist watch from a co worker for a great price.. and now im looking at videos and websites trying to get a hold of cool watches.. not even trying to sell them. I didnt this this shit was addicting but my god lol
how are you doing now in the watch scene?
@@finno7281he ain’t finna see he probably don’t buy watches like that. He bought a bulova homie😭😭 not a Rolex or breitling, audemars piguet, patek, Cartier, hublot, nothing even costing a pocket full.
@@finno7281get into an exotic business like selling vipers, cobras and shit and then you can afford shit like that for fun 😃
@@finno7281 Up to 13 watches, nothing too fancy yet. I have my eyes set on a Tag that I want to gift myself when I graduate.
@@Bitisrhinoceros Congrats, looks like you’re well-versed, but a 'pocket full' can mean different things to different people. Your point doesn’t quite hold up, and the grammar could use a bit of work. Wishing you the best.
Great video! I fully agree with everything you said, except one thing: i do not agree with the fact that you need to accept the return of a watch someone bought from you after 4 MONTHS. Longest scenario can be 1 week, because common, it’s not necessary for you to wear a watch for 4 months in order to “get used to it” that’s bs for me. If someone would come to me after 3 or 4 months and wants his money back, i would tell him that i’ll buy it for 50-70 cents on the dollar, especially if it’s in bad condition, or not in the exact same condition as i sold it to him. And this is the case if a watch is worth up to 10k. If we are talking about APs or high end rolex models, like some day dates, or daytona’s, which are in a market that changes daily, clearly not….other than that, keep up the good work and stay safe!
Hi I just picked up two Movado watches that need repair. Was thinking of flipping but not sure about putting $$ upfront to fix it. No guarantee anyone is going to buy in this day and age.
Really great video Chris! Thank you! So true about how difficult it is to sell...I had no idea Paypal/ebay was so ridiculous about returns...🤦♂️
My eBay store just removed PayPal as payment. Ebay is doing the payment processing now. They don't give you the option anymore.
Wow! Paypal's policy is bullshite! Thanks for the helpful video.
Great tips to live by! Thanks for sharing scenarios from your twenty years of experience!
Thank you!
Great video. Thanks for the tips.
Thank you Bruce!!
Great down to earth approach.
Many thanks, really interesting. That return policy, is that only new or expensive watches? What about vintage watches with no history, or cheap £100 old watches?
Wow 6 month return!! That is crazy
Really right I had no idea about that.
How is that possible?
@@the_9ent really crooked guy that returned that and a really must have read the fine print. I have used ebay since the 90s and I had no idea
Great video! I’m new to watch buying, can you resell that watch return after renovating the watch?
Good advice!
Good advice, the thing you hint at, but don't say directly is a key component of buying and possibly selling a watch is getting a good price on the initial purchase.
If you just pay retail, you're gonna get killed when you sell.
I haven't sold any (yet), but I typically see what the model I am looking at is selling for before I push the button to buy. Also, it depends on timing; I've got a few watches that I bought 20+ years ago that are worth much more than I would have anticipated, but then again I have others that are worth much less!
Best advice is to buy what you like and don't worry about resale.
Thank you for the great advice and information. From time to time I do sell my watches to friends, but I don’t get what I’m asking for. I’m not sure if I want to deal with returns from eBay or PayPal. I think I like trading better. Great video once again. Thank you.
I never buy a watch that I couldn’t resell for at least what I paid
I might be mis-understanding what you said about PayPal's return policy, but if I'm not -- who would ever keep a watch longer than 6 months!!? Just return it for a full refund and buy another brand new! 😂
(I'm not actually supporting this activity, just highlighting how ridiculous the policy sounds)
returning after using it ? hello ??
What if I’m not buying the watch? What if I’m selling the watch to another business or person? While it’s still in the ownership of another business? Basically just bring the middleman and taking the profit off the top, the listed price for the dealership likely is already profiting if so they’ll usually don’t mind if you can get a sale off on a piece that they’d been wanting to get sell, for instance I’m currently selling a 1976 Day date 18038, the dealer price is 13,950, I’m offering to sell it for 14,200, the highest end usually sells for 14,950 so this leaves potential profit for whoever buys and sells the piece.
Good guidelines (don't like rules).
I buy all my watches with the expectation of keeping them. With that said, I've sold over 400 since 2011. About 375 I have owned for 3+ years. I don't sell for profit or to break even. I have someone that sells them for me. All I do is provide him with a spreadsheet with the details, condition of the watches & what I'd like to sell them for. I price them lower than others are selling the same item for in order to have a quick sale.
I've literally made a profit (for me) on no more than 50 of those watch sales. I DON'T CARE. That's the price I pay for buying online without seeing the item first in a brick & mortar store. In many cases had I seen & examined in a store, I would not have pulled the trigger.
I feel for you on that bogus return. I had a similar situation on one of my sales. It was a Seiko Kinetic. The buyer returned it stating the rotor hold down screw came out. Refunded the buyer. When it was came back, we compared the back of the watch with the photo in the listing. The caseback had been removed. The power cell had been swapped. WTF 😠
@PrimeVids As far as that transaction; nothing as eBay sides with the buyers.
I ended up buying a new power cell, taking it to a jeweler to install it and give the case & bracelet a thorough cleaning/polishing. Listed & sold it a month later for about $35 more than what the bogus buyer paid to a completely satisfied buyer. Since I'm a regular customer for the jeweler, I got a decent discount on the services, so my additional $$ loss on the final sale was palatable.
I’m 16 and I’m just starting watch reselling mostly Invictas
do you have somewhere i can msg u on
Interesting. But no, for me, it's the movements and a good looking watch on top. Why I picked up the Farr & Swit Wayfinder, and BTW it turned up, and it is glorious. The Lume lasts all night and is readable (that's how I test lume if I can still read it in the dark in the morning before I get up). Two more to get something with a Miyota in it and a Seagull. Not interested in the high-end stuff, I would be too worried to wear it in public, and that's no fun.
Most of this comment is basically for YT Algorithm.
Though I could tell you about camera gear (:
That Farr swit is cool as hell love the lume... What cameras do you use?
Great content. Sounds like we do the identical things. We really should chat at some point.
I had no idea that PayPal allowed for 6 months return. That would really upset me, if someone wore a new watch I sold them, and then returned it in 6 months. Heck of a profit on that edox, dang.
Not only did they wear it the scratched it up... It was a pvd coated watch. After that I sold it as is for 1/3 of what it sold for the first time... Guy basically cost me 200 bucks bc he didn't the watch anymore... Wore it for 4 months and sent it back very used ...
@@WatchChris Yea, that sucks, I'd be pissed. I have a bunch of watches that I need to sell also, LOL.
eBay are parting with PayPal
I don't use eBay no more they got too greedy
Ebay doesn't use paypal anymore. It goes straight to your bank account.
They are phasing it out but not yet. If you are a business yes but if you are not like I am it's still paypal... Sold a watch today and got paid with paypal..
Great video and excellent advice. A lot of sellers on forums such as WUS have great feedback, yet often state that they don’t offer returns. However, I assume they must have to take returns if the watch is delivered to the buyer damaged and if standard PayPal (not F&F) was used for the purchase. As a forum or Instagram seller, should you explicitly state that you take returns or only offer them if the Sh*t hits the fan?
What platforms do you use to sell Rolex
Chrono 24 is popular. Regular online classifieds like FB marketplace are fine, but best to carry some method of authenticity.
I bought a Seiko Kinetic Arcture only to found out its fake. Never knew fakes last so long or that people make fakes of watches that arent worth that much
Solid advice
I’ve already bought a watch from you LOL. I bought the Zilos hammerhead 2. I like to think I got a deal LOL.
Lol awesome yea that's a great watch
Man guck dude!! I wanted a side hustle but after watching this... I remember when I was in 6th grade I had a brother best friend. He was my only friend everyone else was bullies. But we had each other's backs!!! I remember he had this really cool camo g shock watch!!! I always asked him if I could have it and he never gave it to me. One day he came to school with a brand new watch!!! He gave me his old watch which I thought was the coolest!!! My brother passed away and someone stole the watch. This video helped me find that exact same watch!!! I'm ordering one as soon as I get paid!! Thank you!!
Interesting points...
Listing on eBay is free. I sell watches on there all the time.
Can you still give ( negative) feedback to such a buyer after all that time?
If you're doing it regularly I can understand why you wouldn't want to, but if ( e.g.) you sold one watch once as a close friend of mine has done?
From personal experience on feedback no. There is only a limited time.
No you can't give the buyer negative feedback...
Great Video
Sell on Reddit on watch exchange, over 100k members. I sell the bulk of my watches in that group like-minded folks.
Do you think it is a good idea to buy a $1,000 watch and try to sell it through my FB and IG account to any contact for $1,100? Small profit but if it works I can start buying more of these and repeat the cycle.
Thanks.
I don’t think it’s worth it. Relatively high risk for a low reward. Unless like he said, you are willing to keep the watch if you can’t sell it.
Still waiting for that Black Panther AP review and resell prediction 😏
Can someone help me flip watches
Super helpful, thank you.
A return after 4 months is bs, i understand that you want a good reputation, but do you want a reputation of being a mug or a reputation of being firm but fair?
Selling is not hard my friend! EBay will take the fees but wus new. Don't make things complicated. The more you sell the more you profit!
What new?
Listen, you should never look for a buyer. Make that buyer look for you. There's always money to be made on everything of value. The exception precious metals.
Hi Chris. Are you selling the wise watch? I'm in Australia so postage will be expensive, but it's worth asking. Thank you. I'll share my email if you want to talk.
buyer who returned it knew what he was doing going thru paypal. Probably does it over and over again. Acts like hes a baller. I had someone i knew did that with sunglasses would return them within 30 days or 60 days. Would do it over and over again. Never Paid.
that’s crazy af! about dude smoked the watch and then u had to take it back that’s the bullshit. can’t u put on u must return the watch in the condition that they received. jw?
4 months later is ridiculous
looks like eBay not for me. I will try to flip watches in person. thanks for sharing your nightmare.
Plan on loosing 15%? Is that all you pay flippers tax! No way.
Nah no returns
So basicaly the end of the video says "just don't"
Sounds like you need to stop doing business with ebay and paypal. What scams they are.
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