open discussion: Selling above costs ok?

[crick]

here's an interesting topic to discuss:

Let's say you have a watch.

it's premodded. Nothing new about it other than that.

now movements for that watch become scarce.

so now you sell your premodded watch, claiming all the mods justify for the price you are selling, even though it's premodded. in addition, the movement is scarce (are asian unitas's becoming scarce????).

so you charge near double the price you bought it for and throw in some knick knacks with sale and toss it in repsales.

whats your opinion?

free market?

buyer should do the research?

noobs need a heads up?

 

[doctorron]

I don't think its okay for one collector to sale to another collector (I mean darkside to darkside) for a mark up. I wouldn't. These are my friends here. I've never tried to sale anything here but I would sale for my cost only. Take the profit-seeking to ebay.

 

[hooligan]

IMO, that's a tricky one, crick.

There is a fine line between guiding a noob and a lack of personal responsibility by that same noob. I'm not sure where I stand on this.

 

[LegendofSpeed]

so now you sell your premodded watch, claiming all the mods justify for the price you are selling, even though it's premodded.

explain please... do you mean, as in selling the parts for that mod without them being on the watch?

 

[fakemaster]

No like selling a HBB at 500 when you paid 200 becausethe current selling prices are higher. No you shouldn't do that.

 

[crick]

so now you sell your premodded watch, claiming all the mods justify for the price you are selling, even though it's premodded.

explain please... do you mean, as in selling the parts for that mod without them being on the watch?

i should retract that statement, let's just say the watch has mods on them that are nothing new you've seen beyond a pre-modded watch - in otherwords it's not a k222 AR'd or wasnt sent out to get a date-wheel changed or sent to a watch modder to have it customized. it's pre-packaged.

so u bought a premodded pam at 200 and now charge 400.

 

[crick]

IMO, that's a tricky one, crick.

There is a fine line between guiding a noob and a lack of personal responsibility by that same noob. I'm not sure where I stand on this.

it is definitely a hard one -

1) u dont want to thread crap

but...

2) what about the un-informed?

i can say i threadcrapped once on a member's sale and i felt horrible because that member was an upstanding dood.

 

[hooligan]

No like selling a HBB at 500 when you paid 200 becausethe current selling prices are higher. No you shouldn't do that.

I would 100% disagree with that. If the current "market price" for a used HBB is $500, then the piece should be sold for $500-ish, regardless of what it was purchased for.

 

[cybee]

can't a value of a watch increase due the scarcity of it??? I think yes.

 

[crick]

No like selling a HBB at 500 when you paid 200 becausethe current selling prices are higher. No you shouldn't do that.

I would 100% disagree with that. If the current "market price" for a used HBB is $500, then the piece should be sold for $500-ish, regardless of what it was purchased for.

so then it should reflect current selling prices?

What if...

i decided to sell above selling price? on a non-scarce watch.

in free market - you can put whatever price you want. i buy a casio for 10 bux, i'm gonna sell it for 500 bux nothing wrong with it - no one will buy it though.

but shoudl rep forums hold to that? i figure with the rep community taht members would go into an uproar and that sale get shut down anyways.

 

[fakemaster]

Wow that started a flood. Czar. no offense. I was referring to the time when the members started creaming over the HBB. The dealers then jacked up the price for no good reason and made up that story about Hublot sending hitmen after them. There were no new models at that time. If someone were selling it at double what they paid then they were scalping.

hooligan. I see what you're saying but these are reps that are produced in unlimited quantities. Unless we are going to start treating them like gens now they go down in value once they are worn. I am selling my PO at less than market value and at a loss. Am I crazy for doing that?

 

[sub4me]

Free market for me. Its only worth what someone will pay. If you bay a cheapo Sub for $99 but it in your opinion its worth $300 then by all means sell it at your choice. It up to the buyer to negoiate or just not buy.

 

[horologie_unitas]

lets say i bought a handselected 177...for $ 400....plus 20 shipping......then i add a new, better CG, invest a few hours
improve here and there.....now, the mvmnt is rare, the watch is already in CONUS and flawless....
should i have the right to ask 480 or 500 for it....sure.

the fine line is not the intention of scaming.

but you know what...before i take the risk of getting a crap watch and having to go through tons of headache...id rather cough up 50m- 100 bucks more for a good one from a trusted member.

my opinion.

 

[LegendofSpeed]

The setting the price realistically is the point in question though....

Case in point.... I am wearing a UPO today that was re-lumed by ziggy... So, figure the cost at $278 + $30 shipping + $100 relume.... and appropriate cost would be $408... and there is no way i would sell it for $408...

I sold a old factory, 1st run Chrono Avenger Ti that I purchased used for $160 a couple of months ago for $500.. why? because it is so scarce and once a month i see someone wanting to buy one... i sold it quickly and even had 3 people try to buy it at over asking price.... did i feel bad for selling it at that price? nope... but i thought it was silly to pay it for that piece, nice as it was...

that sale on RG is very atypical...

 

[Hambone]

Whatever someone is willing to pay for anything is what creates the objects fair market value, and if you buy something for 200. and sell it for 500, then congratulations, you have learned the basic principle of business. To say that one should not do that is foolhardy balderdash. After all, buying and selling at a profit is what makes the world go around.

 

[fakemaster]

Hey I'm about to get a HBB to do a review on. I know I'm going to pay for it. I would love to get one from another member but I don't think a review on a used watch would be accurate. What are you going to do?

 

[sub4me]

Listen if your talking price and markup then every dealer on this board is ripping us off, except for Stan I can't think of a better value rep dealer. You really think there China dealers are paying even a $100 for a UPO or SSD or whatever the f u c k it is get real they but it chaep and sell for $300 otherwise why bother? To make ten or twenty bucks? Na I don't think so.

 

[hk45ca]

i have never sold any of my heavily modded stuff because of the amount of money invested in them. i figured the break even prices would cause too much controversy. the general consensus is that it is ok? this is interesting to me.

 

[cybee]

Yes..But who dictates what fair market value is?? Since there is no Richard Brown Blue Book for replicas, it's more perceived value than anything. That value can be higher or lower.

 

[fakemaster]

Personally, I'd ask to borrow one from a member, since I know you don't keep yours

You know I thought about that. I know By-Tor does it. I would be so terrified that something would happen to it and they would get pissed at me.