About 15 years ago when I first started to get into watches, I also got one of my close friends into them. He has subsequently accumulated some fine Rolex, Tudor and AP time pieces. Problem is he doesn’t wear them. They are all in his safe collecting dust.
I plan to see if there are any watches in his collection that are of interest to me and offer to buy them off him. Two questions:
1) How do I ensure we agree on a fair price? I don’t want to rip him off but I also know where he got most of the watches and since they will require some amount of servicing or re-polishing I want to get the best deal possible. Is searching watchrecon and Chrono24 the best way to figure out fair price based on condition? Or should I take them into a place that buys used watches to assess value?
2) For any watches I don’t end up buying I’m wondering what I should do. What HE should do is list them for sale but let’s just say the effort isn’t worth the $ for him. I would buy them all and resell but don’t feel comfortable shelling out the upfront investment it would require. Nor do I have the time.
Happy to answer any others questions as I have folks chime in.