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Replicas, Frankens, Mod/service, Sales and Money!

santre22

I'm Pretty Popular
22/3/12
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Hi all,


I write this post because I need some inputs from the members of this awesome forum.


As the title say its about modding and servicing of replica watches, include franken watches and all other watches that not are 100% genuine. And prices and about sales.


This hobby is very big for some of us and when looking on the sales in the replica sales thread I often see that watches are serviced and modded from some of the famous forum modders. Therefore are the price of those watches of course higher or much higher than the "out of the box" reps directly from our TD's


But I have sold a few really interesting pieces the last years since I joined the forum. And I had almost every time set a low asking price for my builds and even in the end lowering it up to 200€ to be able to sell the watch.


For example what I think was the first known Omega PO with a genuine 2500c co-axial movement.


I read many long time members that said it won't work, sorry to disappoint you. And similar things.


I did the project and succeed.


And after that I have seen a lot of Franken POs with 2892-2 movements (same size as the omega 2500)


But I only now 3 franken watches with a gen 2500 untill now. My second one and one in UK the first one that I sold to France.


I did all the research and worked a lot with the movement ring and installed the standard gen parts for a Franken PO,


Gen:
Crown/tube
HE valve
Hands
Bezel insert
Bracelet clasp
Movement and custom ring
Custom anti magnetic cover
Modded end links to gen spec.
ect.


Total time spend 10-15 hours work
+ 6-8 month finding the parts.


I sold the watch for 800€ (long time ago) it was exactly what the build cost to build in first place. Then I had extremely luck to get a few of the parts way cheaper than the market value. Because I have good connections to a watch workshop. So basically all my work done was free of charge to the buyer.






Second example is a highly modded Omega Ploprof V2 that I sold for 850€ (also long time ago)


It had a gen mesh that cost about 800€ at ADs today.
The base watch with Swiss movement cost over 500$ today and are almost out of stock everywhere.


Further it was:
It was relumed
Movement was swiss and serviced
Case was professionally polished and brushed by an AD


So in this case it's like I sold the gen mesh and gave away work and a highly modded watch for free.
In other words a big economical loss.


Have the time changed, because today I see people to seem to sell exceptional pieces with a profit then work from some of the famous modders already calculated in the total price.


Now today also the rep priced raised a lot the last 2-3 years and gen parts getting harder to find and the gen parts have an even more raised price level.


THIS IS IMPORTANT:


Always when I decide to let one of my watches go to a new member here to be able to jump on other projects its very important for me that the buyer is pleased and happy after the transaction. I guess I made at least 25-30 here at RWI and all of them went very smooth.


Now I haven't sold anything for a while but I may do in the coming month. So how do I justify the price? I don't have the famous name to put on my builds and I don't want it because I do it mainly for myself and later the ones that buy a watch from me it's indirectly work done for them.


But I not want to make loss on my projects as I mostly done before, and I'm tired of doing free working hours in my spare time and putting in my gained expertise in watchmaking also for free.


Last example: a Service on a gen omega co-axial is about 450-500€ where I live. If I as a certified watchmaker do the service with the same tools with the same oils and clean it in the same machines but with the difference that I do it on my spare time. Just to maintain my hobby putting it in a franken watch because i cant afford most gen i want. Should I then give away the work for free, share my great deals on genuine parts way lower than the markets ordinary prices and give it all away for free just to cover the actual costs I had in pure$$$ just to get it sold?


Or should I ask a much higher price and risk getting bombed with posts in the sales thread? Trust me this happen when some members see high asking prices.


Ok lot of writing and I'm actually on my IPhone so sorry for possible autocorrect typos and a bit discontinuous text. Maybe a constructive discussion will follow as I know other members that have done big projects and offered them to the RWI members and ended up doing a economical loss. Please share your thoughts.


Best regards
Santre
 

Onocyclone

Banned member, the goat does not approve
Banned
17/8/14
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Hi mate :)

I too have done a Extreme Franke build which has cost just over £1000. It is a Omega Planet Ocean 42mm black 2500c.
I did the following to it:

Gen grown and tube
Gen bezel
Gen click spring
Gen end links
Gen case back
Gen dial
Gen hands
Gen bracelet
Gen DWO
Gen ETA 2824-2 Movement
Gen Crystal

So i too can relate to this. I see people selling watches that have been modded by big names here on the forum for considerably more money than stock watches. To be honest i can respect the amount of work required to mod and franken watches so i see the big price and can understand it. Its all about what each and every person wants and is willing to pay.

Here are some pictures of my build :)












 

sanankid

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18/6/11
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what version TC is that? its a caddell insert i see but im thinking v5. it is i may suggest getting tcs v5 bracelet it is superior.
 

Onocyclone

Banned member, the goat does not approve
Banned
17/8/14
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It's a tc v5-6 with a v5 bracelet and v4 DWO. This watch I shall take to the grave !!!! It is my second favorite :) the PO being the first :D then there's this beauty:

d6ba94bd91d26a60b07013f9fabb727c.jpg
952754d245cc24b5a3f674e3cd65d2fb.jpg
 

sanankid

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Yep thatd what i got but no tc dwo v4 i got v3. Also got gen crown crystal and insert w case mods.
 

mitchbaria

Respected Member
15/10/12
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What in the world was the op asking? Just for everyone to show off frankens?
 

Onocyclone

Banned member, the goat does not approve
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The crown looks quite nice ! How much and where from ?
 

sanankid

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The crown looks quite nice ! How much and where from ?
Rsh and I think I paid like 75 or so. If you want a 703 crown I'd PM rsh he is always getting them slightly used. You don't need a gen tube either.
 

santre22

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22/3/12
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It's a tc v5-6 with a v5 bracelet and v4 DWO. This watch I shall take to the grave !!!! It is my second favorite :) the PO being the first :D then there's this beauty:

Nice watches, I was also planing to take some of those watches to the grave. But things in life does not always go as planed. So lets say you have to sell that PO you invested 1000£ in and people low balling like 500£ and then a more serious buyer answer that he Pay 1000£ total. You then lose 4% in Paypal fees and then pay 20£ shipping. A loss of money for one of your "children" that you used to baby.

then you see people posting watches for sale, they did not put any soul into it they just buy it from a modder and then sell it to try make the biggest profit possible, it's hard to check actual project cost for the buyers. I know cause I make all the work by myself and sometimes as I said I find really good prices on gen parts or even get them for free in a chape that need restoration wich end up in hours of work on my spare time.

My point is our hobby isn't was it was before its all about the replica sale threads for many many members trying to sell premium. Like some Italian Rolex guy in the past for example. I can get a bit irritated on that.
 

mitchbaria

Respected Member
15/10/12
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Nice watches, I was also planing to take some of those watches to the grave. But things in life does not always go as planed. So lets say you have to sell that PO you invested 1000£ in and people low balling like 500£ and then a more serious buyer answer that he Pay 1000£ total. You then lose 4% in Paypal fees and then pay 20£ shipping. A loss of money for one of your "children" that you used to baby.

then you see people posting watches for sale, they did not put any soul into it they just buy it from a modder and then sell it to try make the biggest profit possible, it's hard to check actual project cost for the buyers. I know cause I make all the work by myself and sometimes as I said I find really good prices on gen parts or even get them for free in a chape that need restoration wich end up in hours of work on my spare time.

My point is our hobby isn't was it was before its all about the replica sale threads for many many members trying to sell premium. Like some Italian Rolex guy in the past for example. I can get a bit irritated on that.
And with every sale your taking a chance of some freaking noob busting your PayPal account to Hell.....oh wait,,, you work your butt off on building this thing for months, scraping to get the money and the parts, not to mention the things that go wrong while your working on the watch,, parts that don't fit or you goof something up,,,,, then you list it for sale because you get a little tight or your wanting to get another one together or whatever and you list it then some prick thread craps because he thinks your charging a dollar more then some guy over at rg,,,, then you sell it for less then you wanted and def less then it cost you and your time and gas and talent be dammed, but anyway you go wrap this jewel that you've poured your soul into and mail it away,, three days later your buyer contacts you and is so happy, he just can't believe how beautiful it is and the workmanship is terrific,,, then one hour later the pm comes,,,the watch you sold me quit working, the second hand sticks! I want refund because I've been scammed and going to file with PayPal........

Bud how many of us have been there or are there right now? And people here think I'm hard on NOOBS :-D
 

santre22

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And with every sale your taking a chance of some freaking noob busting your PayPal account to Hell.....oh wait,,, you work your butt off on building this thing for months, scraping to get the money and the parts, not to mention the things that go wrong while your working on the watch,, parts that don't fit or you goof something up,,,,, then you list it for sale because you get a little tight or your wanting to get another one together or whatever and you list it then some prick thread craps because he thinks your charging a dollar more then some guy over at rg,,,, then you sell it for less then you wanted and def less then it cost you and your time and gas and talent be dammed, but anyway you go wrap this jewel that you've poured your soul into and mail it away,, three days later your buyer contacts you and is so happy, he just can't believe how beautiful it is and the workmanship is terrific,,, then one hour later the pm comes,,,the watch you sold me quit working, the second hand sticks! I want refund because I've been scammed and going to file with PayPal........

Bud how many of us have been there or are there right now? And people here think I'm hard on NOOBS :-D


After that post I think I'm going to limit my sales to VIP with 500+ posts only...
 

KBH

Mythical Poster
1/11/07
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I'm in full agreement only only selling to VIP's but I do somewhat disagree that you should be entitled to get all your money and time back out of it. Some people spend a lot more money on a rep watch than it will ever be worth to anyone else. You can't blame that on the buyers. Besides, the longer you have it an use it, the more value it should lose, just like any other used item. Unless the value of it's genuine parts has gone up considerably you should be depreciating it, not expecting more.

Like others have said before, the market will set the actual selling price, not the seller.
 

gmg_3

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11/3/14
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There are niche markets where watchs sell for parts plus labor. Almost all of these are $700-1400 panerai. Best bet is to build something and see if it flys. If there is demand/value you will be good. If it comes across as trying to gouge someone your toast.
 

mitchbaria

Respected Member
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There are niche markets where watchs sell for parts plus labor. Almost all of these are $700-1400 panerai. Best bet is to build something and see if it flys. If there is demand/value you will be good. If it comes across as trying to gouge someone your toast.
I also agree that gouging is BS as this is a hobby, for goodness sake..
 

Phil G

Respected Member
29/9/10
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Stevenage, Hertfortshire, England
Interesting post santre22, I speak as someone who's mod' skills are changing a strap.

As an observer I look at the price of a Frank/mod watch compared to the genuine watch. If a watch is, for example, £2000 and the frank/mod is £1200 then it's too close for me.

But if it's £1200 for a £5000 gen' then, the bigger gap is more appealing.

Back to my strap changing now. :)