What the heck has happened to...............

Thread: What the heck has happened to...............

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  1. #1

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    Oct 2008
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    323

    Unhappy What the heck has happened to...............

    the preowned watch market!!?!?!?!??

    Is it my dog breath?
    My pricing?
    or the stigma associated with the brand??

    ALL my watches are mint or near mint with full disclosure,all have been worn and are problem free,no dissappointments, yet none are selling.

    What happened to everybody?

    Did your wallet go soft?

    My wallet (wife) and I have a deal.I have to get rid of 100 watches for her to allow me to purchase another grail watch,actually 2 grail watches.

    (I guess you all know who wears the pants in my family ,or so she thinks!)

    So Ive been in the process of cleaning out the closet(its full of watches and watch boxes) and half the garage(almost as bad as the closet) and posting a few here and there and I get no response whatsoever.
    No PM's
    No E Mails
    No comments.
    nothing,
    nada,
    zip,
    zilch

    I guess that Zenith Defy Extreme and Bell & Ross are just going to have to wait.
    Im like a little kid.I want them NOW dammit!


    FEEDBACK people,give me feedback!!:thanks

    Regards,
    Lynn
    [email protected]
    Last edited by AzWatchBroker; September 11th, 2009 at 02:16.

  2. #2
    Member
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    Re: What the heck has happened to...............

    Have you been paying attention to the economy?

  3. #3
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    Re: What the heck has happened to...............

    Quote Originally Posted by Watchbreath View Post
    Have you been paying attention to the economy?
    It's a buyer's market as Watchbreath so succinctly expressed in the above post. Maybe you're pricing yourself out of that market? You may not get what you consider a fair price anymore for pre-owned pieces.

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  5. #4

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    Re: What the heck has happened to...............

    Quote Originally Posted by Watchbreath View Post
    Have you been paying attention to the economy?
    What economy? Its been in the toilet for the past 5 years.
    No excuse. LOL

  6. #5
    Moderator Public Forum Eric L.'s Avatar
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    Re: What the heck has happened to...............

    If the price is low enough, there will be a buyer eventually.
    Lots of dive watches.

  7. #6
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    Re: What the heck has happened to...............

    No, it went into the toilet and was flushed in June 07.
    Quote Originally Posted by AzWatchBroker View Post
    What economy? Its been in the toilet for the past 5 years.
    No excuse. LOL

  8. #7

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    Re: What the heck has happened to...............

    Quote Originally Posted by Watchbreath View Post
    No, it went into the toilet and was flushed in June 07.
    LMAO!!
    Its really not funny though.....sad really.

  9. #8
    Moderator Public Forum John MS's Avatar
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    Re: What the heck has happened to...............

    Quote Originally Posted by AzWatchBroker View Post
    the preowned watch market!!?!?!?!??

    Is it my dog breath?
    My pricing?
    or the stigma associated with the brand??

    ALL my watches are mint or near mint with full disclosure,all have been worn and are problem free,no dissappointments, yet none are selling.

    What happened to everybody?

    Did your wallet go soft?

    Regards,
    Lynn
    [email protected]
    Several possibilities for your sales to be off:

    1. The economy has tanked, people are out of work and don't have the income to support luxury purchases.
    2. Home values have tanked, foreclosures are way up and people don't have the net worth to support luxury purchases.
    3. The stock market fell through the floor and is still recovering. People don't have the net worth to support luxury purchases.
    4. I really don't know what kind of watches you sell. But, maybe the line of watches you are selling should be adjusted to fit the times. Or repriced.
    5. From the several newspaper articles I've read, sales of new and used watch sales are off, especially those beyond the middle price ranges.

    Last edited by John MS; September 11th, 2009 at 14:57.

  10. #9
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    Re: What the heck has happened to...............

    If people aren't showing interest in your watches, there are several possibilities that come to mind (note that I'm not buying at the moment, so I know nothing about your ads):

    (i) Most likely, your posted price is so high that you've scared people off. People are happy to haggle, but if your price is too high, there's no good starting point, and they move on.

    (ii) It's also possible that you're selling watches that have little appeal on the used market. Again, I don't know what you're selling, but if you're selling 100 watches to buy two watches, and those two watches aren't two PP, then the watches you're selling likely are inexpensive enough that most would just buy it new. Speaking for myself, I would never buy an inexpensive watch used; the tiny absolute amount of money to be saved isn't worth the possible hassles.

    (iii) When I bought a watch used from another member a month ago, my concerns about sending a great deal of money off into the ether to someone I didn't know were greatly alleviated by the amount of time he had been on this and other forums, and the footprint he had left. If he was a scam artist, he had spent a lot of time (years) and energy (thousands of posts) planning his scam. That didn't seem likely. Your footprint may not be big enough to put potential buyers at ease, especially in light of point (ii) above.

    Just my thoughts....
    Mark
    ---------------------------
    Seiko Spring Drive Chronograph SPS003
    Oris TT1 Titan Diver Chronograph 1000M

    IWC Portuguese Chronograph 3714-01
    Grand Seiko Spring Drive GMT SBGE001



  11. #10
    Member JAYMAC10's Avatar
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    Kelowna, BC, Canada
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    Re: What the heck has happened to...............

    If it's priced right, it will sell. Period.

    But pricing it right is the difficult part! You can't expect to get the same kinds of pricing you did 2 years ago. Kind of like someone selling a house today can't ask the same price as they would have 2 years ago!

    So the price needs to be dynamic and take into consideration the current market, whatever and whenever that may be!

    My father once told me when selling real estate to always leave a little bit of $$ on the table for the next guy. If my house is actually worth $500,000 don't ask $510,000. Ask maybe $499,000.

    Guy will offer you $490,000 and you can sell it quick because he perceives there is VALUE there and he is getting a good DEAL! ("I just bought a $500,000 for $490,000... sweet!")

    No different in anything you are trying to sell. Cars, boats, watches... (“Man, I just bought a $350 (retail) watch for $150… sweet!”)

    Different times will call for different perceived value/deal from the buyer. Harder times call for better deals to sell something. Better times you can get away with asking a bit more and probably still sell it!

    I hope that makes sense…

    Good luck!

    Cheers,

    Jay

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