Getting started selling timepieces

Thread: Getting started selling timepieces

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  1. #1

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    Sep 2007
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    Getting started selling timepieces

    Hello all,

    This is my first post to this great site. Thanks to the administrators and members for making this such an informative site.

    I have loved watches since the first time I wore my uncle's Rolex when I was about 8 years old. My uncle never had much but he saved enough money to buy that Submariner back in the mid-70's when he had the means.

    The reason I came to this site is because I wanted to know how to get started selling timepieces. I have many questions - How do you make those contacts with the people that can sell you those pieces at good prices? How do you verify you are getting real and clean pieces? What are some of the pitfalls I may have?

    Any and all advice is welcome.

    Thanks in advance,

    Rizo

  2. #2

    Join Date
    Sep 2007
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    Re: Getting started selling timepieces

    There's a few places you can start to do your research... http://www.timezone.com/ And to see what other watches go for take a look here http://shop.joseph-watches.com/ . Now are you trying to sell or buy? In your post it first sounds like your selling then it looks as if your buying.

  3. #3
    Member smurfe's Avatar
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    Re: Getting started selling timepieces

    I think he wants to be a retailer and is wondering where/who the wholesale sources are.

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  5. #4
    Member Tragic's Avatar
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    Re: Getting started selling timepieces

    Quote Originally Posted by smurfe View Post
    I think he wants to be a retailer and is wondering where/who the wholesale sources are.
    When he finds that wondrous source of wholesale priced watches, I'm right with him
    "Time is the school in which we learn. Time is the fire in which we burn."

  6. #5
    Member dbluefish's Avatar
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    Re: Getting started selling timepieces

    Remember this advice: buy high sell low!

    Seriously, I am planning to do the same do your homework.

    semper fi

    paul
    Doxa 600T Clive Cussler edition
    Breitling Superocean A17345
    Omega 2531.80
    RGM Sea3 Custom
    Ocean 7 LM3 #119

    VINTAGE :

    Zodiac Astrographic 2000
    Zodiac Sea Wolf(1964)
    LeCoultre Master Mariner (1970)
    Hamilton Thinmatic (1968)

    Place of honor:

    my '80's Seiko 5 which has been through the mill and still runs and tell adequate time.

  7. #6

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    Sep 2007
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    Re: Getting started selling timepieces

    Thank you for your reply Watchster. I am looking for possible sources where I can buy the pieces.

  8. #7

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    Sep 2007
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    Re: Getting started selling timepieces

    Hoorah, Always great to run across another Devil Dog!!

  9. #8
    Member JohnF's Avatar
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    Oberstedten, Germany
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    Re: Getting started selling timepieces

    Hi -

    This is one of the secrets of the watchmakers, at least those who do acquire watches, repair/refurbish and then resell them in their shops.

    I know one. I asked him where he finds these. His basic answer was that he spends a lot of time on the road at watch shows and visiting other watchmakers. He's got a network of around 40 watchmakers that he works with who acquire watches. He's an Omega specialist and the Omegas tend to land with him, while other watches will go to the other watchmakers specializing in those watches.

    The real sources for wholesale purchasing of watches are threefold: first you have the individual owner who finally decides that an old watch isn't worth repairing and takes up the watchmaker's offer of a few dollars to take it off his hands (or simply offers him to leave it there); second estate sales, where old beauties sometimes emerge; third pawnshops and the like. Both estate sales companies and pawnshops may have working relationships with either watch wholesalers or watchmakers that they simply pass on watches and watch parts in order to simplify wrapping up an estate for the inheritors or of disposing of watches which were pawned and never redeemed. This is advantageous for the estate sales company/pawnshop, as they both usually have a very hard time disposing of vintage watches in a timely manner, and of course time is money. Better to sell at wholesale and get the deal done than to have literally dozens of watches waiting to be sold and never selling because they have priced them too low.

    There is, of course, a further source: dead watchmakers. When a watchmaker dies without someone to take over the business, there may be 50 years' worth of vintage watches in all sorts of shape and stages of assembly tucked away in all sorts of corners. This is usually the mother lode of any vintage watch dealer, of getting the vintage inventory from a retiring watchmaker. Other watchmakers usually are more interested in tools and parts inventories than in the vintage watches themselves, as the latter may be more trouble than they are worth.

    The major point is that you absolutely need to develop relationships with watchmakers, parts suppliers, etc. This is a full-time job in and of itself.

    JohnF
    コスト下げ やる気も一緒に 下げられる


  10. #9
    Member
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    Re: Getting started selling timepieces

    wow !!!
    quite an article!!!

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