Thank you Bruce - this good advice. One thing I would add is getting a good price the watch when you buy it originally; this reduces or eliminates your loss when you sell it. Thank you for another excellent video 🙂👍
Chrono 24 is good for selling if you can take the hit. It is safe and I’ve sold several watches there. I got a little less but the escrow account is nice to have. Also, Chrono 24 is good for scouting. Prices are higher but if I find a watch I like I track down the dealers actual website. Many watches are listed cheaper on the dealer website vs Chrono 24. I think they are higher in Chrono cause they are trying to make up for the fees.
Exactly, I did the same many times before! And even if they list the watch for the same price on their website it's worth asking for a discount when buying directly from the dealer. From my experience most of them agree and you'll get the watch even cheaper! Of course you should do your homework on the dealer first. Do this only if you have 100% trust!
Great points on the photography side and overall, a great video! I rely exclusively on window light for my reviews, and it just looks much better than direct light from an artificial light source. Unless you are willing to put the time and effort into setting up the lights, chances are you will not like the result especially if you don't have a soft box.
Best advice? Buy low, so you can sell low and don’t take a hit. I just sold my 2 year old Speedmaster Racing to a dealer last week and sold it for the same price as I bought it…..but I originally got the watch for 30% off RRP. I’ve used this tactic a few times and while I never make money, I often break even or only lose a little.
I’ve flipped so I buy more as a rule so I don’t tap into my savings and not to have too many pieces, mainly I buy used and I search for best possible price and I usually get it with excellent condition, this way if I lose I lose very little and to be honest unless it’s a popular Rolex or omega snoopy most likely you may break even but may lose 10 percent max, it’s a costly hobby but buy at best price is the key.
Great video and a topic most people don't cover! I know that Zenith! I'm sure I've seen it in a watch box somewhere. 🙂 You know, I don't really think of you as a flipper. I think of a flipper as someone who buys a watch and then immediately tries to resell it at a profit. In your case, you just want to experience everything and the only way to do it is to move on. That's fair. 🙂
Flipper carries a negative connotation most of the time. Like its about making money. Lol I loose money flipping most times. Its about trying all the watches I can
I’ve just done eBay in the past. Set at 0 and let the bidding commence. I’ve done alright that way but I’m selling £300-£500 Seiko’s etc. I’d give Watchuseek a try but I think I’d get annoyed with all the messages with counter offers etc. I like how on eBay it’ll sell for what it sells, it’s quite easy and stress free. If I were to sell a higher priced watch then I’d consider doing it differently.
I did that once when I wanted to sell the hodinkee alpinist exclusive. I didn't care what it went for as long as I didn't have to interact with a cranky watch enthusiast lol
If the watches don't have a large market and aren't fetching any interest, and you really don't want them anymore... toss them on ebay and get what you can get. Or give to a young family member or neighbor as a gift
@@BruceWilliams for sure. This is where it is critical if you are not planning to keep a watch to understand the value it might have if you wanted to get out. Cheap watches are always cheap watches and expensive watches can also become relatively cheap. Buy what you like and don't spend what you can't afford to take a 100% loss on if the watch went awol. That's my motto.
Nice. The market for used(non-Rolex) watches has definitely slowed down. I've been a member of watchuseek since 2012. 6-7 years ago, I could sell a nice watch in a heartbeat for market price, nowadays you practically have to give the watch away if you actually want to sell it. I don't know what it is about the market today.
I think its a combination of a lot more people in the hobby, with more competition in the secondary market. The economy is tough too. There will definitely be fluxuation. Right now its more of a buyers market
Could you elaborate more on the “safe meeting places”? Where in a bank or police station is an appropriate place to meet and exchange a watch for cash? Thanks for all your content!
I've never met at a police station. But don't see why not. I've met at cafes, offices, gas stations, and at my local bank. Exercise good judgement about the time and place. Obviously a dark or less frequented area at an odd time is not a good idea
Hi Bruce, thanks. For WUS, what do you recommend in terms of payments methods and how can you avoid getting scammed? Do you ship before getting paid? How does that work ?
I've bought and sold on WUS quite a bit. When I buy an expensive watch I always use PayPal (Goods and Services) and pay the extra 3% fee on top of the asking price just for the peace of mind. If it's a cheaper watch and the seller has a good solid reputation with lots of transactions I pay with PayPal (Friends and Family) with no fee. I do pretty much the same with selling a watch. I turned down a good deal on a Tudor not long ago because the seller wanted a bank transfer. I told them I would pay for the fees from PayPal but they turned it down. Maybe Bruce has some added tips he could give you. Good luck!
I use PayPal most frequently. As a seller I give any buyer the option of a price at Friends and Family, or add 3 percent for Goods and Services. Because of my feedback and community visibility most people choose the lower price. Bank wire is great if there is trust both ways. If you've never dealt with the other party before make sure to exercise good judgement. Always wait for the payment to clear before shipping unless PayPal tells you otherwise. Sometimes they will decide to put your new funds on hold if you rarely use the account or the sum of the transaction is out of the norm for your history. This is to make sure you aren't scamming a buyer by taking payment then shipping an unrelated item with a real tracking number. This may sounds creepy but google the address. Make sure it matches the PayPal address. Don't send to a business address or air bnb. Sometimes asking for their cell and having a conversation with them will assuage any concerns for both parties. Trust your gut. If it sounds fishy or too good to be true. It will be. Be willing to walk away if you see a red flag
Excellent video Bruce. In my case, it depends of how expensive the watch is. I have been lucky with some high end preowned dealers. Others were absolutely low ballers 😡. I have never flipped a watch that has not been in my possession at least for 2 years. Does that still make me a flipper?🤔
Hey Bruce - Im curious, as a 'watch experience' collector and therefore 'flipper for life' do you find you limit the watches you'll buy (and therefore experience) due to concerns on your ability to resell?
I haven't. If I get the itch I have to scratch it regardless of potential ease of resell. The only rule I follow is buy what I can comfortably afford. If I lose, I lose.
I’ve just done eBay in the past. Set at 0 and let the bidding commence. I’ve done alright that way but I’m selling £300-£500 Seiko’s etc. I’d give Watchuseek a try but I think I’d get annoyed with all the messages with counter offers etc. I like how on eBay it’ll sell for what it sells, it’s quite easy and stress free. If I were to sell a higher priced watch then I’d consider doing it differently.
Thank you Bruce - this good advice. One thing I would add is getting a good price the watch when you buy it originally; this reduces or eliminates your loss when you sell it. Thank you for another excellent video 🙂👍
Chrono 24 is good for selling if you can take the hit. It is safe and I’ve sold several watches there. I got a little less but the escrow account is nice to have.
Also, Chrono 24 is good for scouting. Prices are higher but if I find a watch I like I track down the dealers actual website. Many watches are listed cheaper on the dealer website vs Chrono 24. I think they are higher in Chrono cause they are trying to make up for the fees.
That is a very good point
Exactly, I did the same many times before! And even if they list the watch for the same price on their website it's worth asking for a discount when buying directly from the dealer. From my experience most of them agree and you'll get the watch even cheaper! Of course you should do your homework on the dealer first. Do this only if you have 100% trust!
Price, it’s always price, simple. Followed by condition.
Sound advice . Thank you Bruce.
Nice vid, Bruce, thank you.🙂👍
Good video Bruce. Looking forward to the more in depth one in the future
Great points on the photography side and overall, a great video! I rely exclusively on window light for my reviews, and it just looks much better than direct light from an artificial light source. Unless you are willing to put the time and effort into setting up the lights, chances are you will not like the result especially if you don't have a soft box.
Best advice? Buy low, so you can sell low and don’t take a hit. I just sold my 2 year old Speedmaster Racing to a dealer last week and sold it for the same price as I bought it…..but I originally got the watch for 30% off RRP. I’ve used this tactic a few times and while I never make money, I often break even or only lose a little.
Very good advice 👍
Love this video and Tipps! Many thanks!!
I’ve flipped so I buy more as a rule so I don’t tap into my savings and not to have too many pieces, mainly I buy used and I search for best possible price and I usually get it with excellent condition, this way if I lose I lose very little and to be honest unless it’s a popular Rolex or omega snoopy most likely you may break even but may lose 10 percent max, it’s a costly hobby but buy at best price is the key.
Most hobbies can get pricey. This one isn't any different haha
Great video and a topic most people don't cover! I know that Zenith! I'm sure I've seen it in a watch box somewhere. 🙂
You know, I don't really think of you as a flipper. I think of a flipper as someone who buys a watch and then immediately tries to resell it at a profit. In your case, you just want to experience everything and the only way to do it is to move on. That's fair. 🙂
Flipper carries a negative connotation most of the time. Like its about making money. Lol I loose money flipping most times. Its about trying all the watches I can
I’ve just done eBay in the past. Set at 0 and let the bidding commence. I’ve done alright that way but I’m selling £300-£500 Seiko’s etc. I’d give Watchuseek a try but I think I’d get annoyed with all the messages with counter offers etc. I like how on eBay it’ll sell for what it sells, it’s quite easy and stress free. If I were to sell a higher priced watch then I’d consider doing it differently.
I did that once when I wanted to sell the hodinkee alpinist exclusive. I didn't care what it went for as long as I didn't have to interact with a cranky watch enthusiast lol
Thanks for the heads up. Been using eBay and yeah taking hits every time
Bruce what do you think of the Tag Heuer Monaco Titan.
I miss that Breitling ! Def going to be a future rebuy
do you have any advice for selling your every day average garden variety Citizen, Seiko, Bulova?
eBay and local Facebook forums. Or just keep them at some point it’s not worth giving your stuff away
I use ebay for cheaper stuff. It's pretty great and I normally end up taking the profits and fund another watxh
If the watches don't have a large market and aren't fetching any interest, and you really don't want them anymore... toss them on ebay and get what you can get. Or give to a young family member or neighbor as a gift
@@BruceWilliams for sure. This is where it is critical if you are not planning to keep a watch to understand the value it might have if you wanted to get out. Cheap watches are always cheap watches and expensive watches can also become relatively cheap. Buy what you like and don't spend what you can't afford to take a 100% loss on if the watch went awol. That's my motto.
Nice. The market for used(non-Rolex) watches has definitely slowed down. I've been a member of watchuseek since 2012. 6-7 years ago, I could sell a nice watch in a heartbeat for market price, nowadays you practically have to give the watch away if you actually want to sell it. I don't know what it is about the market today.
I think its a combination of a lot more people in the hobby, with more competition in the secondary market. The economy is tough too. There will definitely be fluxuation. Right now its more of a buyers market
Great advice and tips sir!
I always want more than my watch is probably worth Lol
lol don't we all
Could you elaborate more on the “safe meeting places”? Where in a bank or police station is an appropriate place to meet and exchange a watch for cash? Thanks for all your content!
I've never met at a police station. But don't see why not. I've met at cafes, offices, gas stations, and at my local bank. Exercise good judgement about the time and place. Obviously a dark or less frequented area at an odd time is not a good idea
Hi Bruce, thanks. For WUS, what do you recommend in terms of payments methods and how can you avoid getting scammed? Do you ship before getting paid? How does that work ?
I've bought and sold on WUS quite a bit. When I buy an expensive watch I always use PayPal (Goods and Services) and pay the extra 3% fee on top of the asking price just for the peace of mind. If it's a cheaper watch and the seller has a good solid reputation with lots of transactions I pay with PayPal (Friends and Family) with no fee. I do pretty much the same with selling a watch. I turned down a good deal on a Tudor not long ago because the seller wanted a bank transfer. I told them I would pay for the fees from PayPal but they turned it down. Maybe Bruce has some added tips he could give you. Good luck!
I use PayPal most frequently. As a seller I give any buyer the option of a price at Friends and Family, or add 3 percent for Goods and Services. Because of my feedback and community visibility most people choose the lower price. Bank wire is great if there is trust both ways. If you've never dealt with the other party before make sure to exercise good judgement. Always wait for the payment to clear before shipping unless PayPal tells you otherwise. Sometimes they will decide to put your new funds on hold if you rarely use the account or the sum of the transaction is out of the norm for your history. This is to make sure you aren't scamming a buyer by taking payment then shipping an unrelated item with a real tracking number. This may sounds creepy but google the address. Make sure it matches the PayPal address. Don't send to a business address or air bnb. Sometimes asking for their cell and having a conversation with them will assuage any concerns for both parties. Trust your gut. If it sounds fishy or too good to be true. It will be. Be willing to walk away if you see a red flag
@@BruceWilliams super! Thanks !
What’s your preferred method of insuring a watch when you ship it out to someone?
I usually use the carriers insurance as I don't do it that often. If I were a frequent seller I would get parcel pro or something similar.
Ironically, I'm trying to sell the same Heritage 2. Having no fun so far but thankyou for your advice.
Why are you selling the Heritage 2, if I may ask?
@@diavalus Need the cash to be honest.
@@Zeus-kj7nn okay, I appreciate you letting me know!
If you don't mind sending me your listing. I would love to take a look. I love that watch! watchbw@gmail.com
@@BruceWilliams Hi Bruce, I have sent you an email 🙂👍
Excellent video Bruce. In my case, it depends of how expensive the watch is. I have been lucky with some high end preowned dealers. Others were absolutely low ballers 😡. I have never flipped a watch that has not been in my possession at least for 2 years. Does that still make me a flipper?🤔
Haha most watch nuts would say any selling equates commitment issues and you are a helpless flipper. I don't lol
With all the watches I buy and sell for youtube content, I am always worried about getting scammed.
Has it happened yet?
@@BruceWilliams Thankfully no, and I pray that it does not either.
Also make sure you clean the watch and sanitize before shipping to the buyer.
YES!
You do the pelagos dance. That’s how.
Damn, I thought this video would be about a dolphin :/
Hey Bruce - Im curious, as a 'watch experience' collector and therefore 'flipper for life' do you find you limit the watches you'll buy (and therefore experience) due to concerns on your ability to resell?
I haven't. If I get the itch I have to scratch it regardless of potential ease of resell. The only rule I follow is buy what I can comfortably afford. If I lose, I lose.
👍👍👍
Be prepared for super lowball offers and rude @$$holes. I also agree, WUS is great 👍🏻
lol everyone thinks they require wholesale prices these days
My advice: Don't buy dogs.
😬oops.....
I’ve just done eBay in the past. Set at 0 and let the bidding commence. I’ve done alright that way but I’m selling £300-£500 Seiko’s etc. I’d give Watchuseek a try but I think I’d get annoyed with all the messages with counter offers etc. I like how on eBay it’ll sell for what it sells, it’s quite easy and stress free. If I were to sell a higher priced watch then I’d consider doing it differently.