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£5 Speedmaster

bags1971
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Hi Guys

I heard on the grapevine about this watch a few weeks ago which was bought on a car boot for £5 (not me I might add) not sure which one but was in Lancashire.

It was shown to a friend who told me about it anyway after some lengthy negations its now mine just picked up this afternoon.

105.003-64
 
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wagudc
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bags1971 bags1971
Hi Guys

I heard on the grapevine about this watch a few weeks ago which was bought on a car boot for £5 (not me I might add) not sure which one but was in Lancashire.

It was shown to a friend who told me about it anyway after some lengthy negations its now mine just picked up this afternoon.

105.003-64

Yours is very nice! However the perlon strap will wear down the caseback. I would get some of those redline stickers to protect it.
 
cristos71
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Nice man! £5- just incredible! I'll bet whoever picked it up was there at the absolute crack of dawn and fair play to them.

I've got a watch fair coming up shortly for the first time in 18 months and it's the idea of those early bird deals that gets me out of bed at 06.00 each time it comes around 😀
 
Mods
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cristos71 cristos71
Nice man! £5- just incredible! I'll bet whoever picked it up was there at the absolute crack of dawn and fair play to them.

I've got a watch fair coming up shortly for the first time in 18 months and it's the idea of those early bird deals that gets me out of bed at 06.00 each time it comes around 😀

You have to report back on your hunting now 😀 good luck
 
Eve
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On the one hand its pretty cool that such deals are still possible. On the other hand, if i was the buyer, i would have probably had bad consciousness paying €5,- knowing how much the watch is really worth.
 
w154
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Screwbacks Screwbacks
not fair, imo.
Eve Eve
On the one hand its pretty cool that such deals are still possible. On the other hand, if i was the buyer, i would have probably had bad consciousness paying €5,- knowing how much the watch is really worth.

IMO it entirely depends on whether the seller was the original owners family or a reseller. Quite a few resellers have no clue about such things so it’s possible it was already away from the original owners. If it was a reseller I’d have been more concerned about knocking them down to £4 than worrying about underpaying. Completely different kettle of fish if it was a private sale.
 
Eve
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w154 w154
IMO it entirely depends on whether the seller was the original owners family or a reseller. Quite a few resellers have no clue about such things so it’s possible it was already away from the original owners. If it was a reseller I’d have been more concerned about knocking them down to £4 than worrying about underpaying. Completely different kettle of fish if it was a private sale.
That makes sence 👍
Unfortunatelly i doubt i will ever be in such situtation, so nothing to worry about 😁
 
Dan S
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Eve Eve
On the one hand its pretty cool that such deals are still possible. On the other hand, if i was the buyer, i would have probably had bad consciousness paying €5,- knowing how much the watch is really worth.

The problem is that if you try to educate the seller and offer them a fair price, it will generally just sour the deal, and they decide to hold onto the watch to do "research". Then they make a silly asking price or sell it to a dealer.
 
PaulC77
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What a steal. The buyer made out like a bandit. How many hundreds percent profit was made after that.
I once saw a Bakelite gmt master with a £2.50 sticker on the box from a boot sale!
 
Shabbaz
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The ethical question.... you're walking around on a small flea market. And suddenly you see a 2915 for $ 10. What do you do? Tell or not tell? And if we would discuss this in a class full of kids... What would we tell them what you should do in such a case?

Oh dear, what would I do?
 
wagudc
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PaulC77 PaulC77
I once saw a Bakelite gmt master with a £2.50 sticker on the box from a boot sale!

You can't leave us hanging. How did the story end?
 
Eve
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Dan S Dan S
The problem is that if you try to educate the seller and offer them a fair price, it will generally just sour the deal, and they decide to hold onto the watch to do "research". Then they make a silly asking price or sell it to a dealer.
Few months ago i had a chance to buy 5 boxes full of "Omega watch stuff" (vintage bracelets, tools, boxes, books, etc.) for a more than reasonable price (€1000,-). From the few photos i could say that 1 box alone was definetelly worth more than the full asking price. In one photo i noticed 10 NOS Omega bracelets, one of which was a 7912.
It took me 30 minutes to think it through but i decided to point the seller that this one bracelet is very valuable, and that maybe we should reconsider the asking price.
The first moment he was very thankfull and i had positive feelings, but eventually the deal fell through. The very next day he put up the bracelet for sale at an exorbitant price and sold the rest of inventory to someone else without giving me a chance to give a fair offer. Obviously i was upset that it turned out that way. In fact it was a pretty lousy but maybe foreseeable move.
I can not judge him for doing it, its not like he owes me anything.
Would i do the same, given the chance to turn things back? I dont know.. i try not to think too much about it so it doesnt upset me. 😀
Edited:
 
SkunkPrince
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Shabbaz Shabbaz
The ethical question.... you're walking around on a small flea market. And suddenly you see a 2915 for $ 10. What do you do? Tell or not tell? And if we would discuss this in a class full of kids... What would we tell them what you should do in such a case?

Oh dear, what would I do?
It is not my responsibility to inform a seller that they undervalued the thing they're selling. They fix the price, I might negotiate, and I pay what I pay.

I don't care who you are, if you don't care enough to make even minimal effort, then too bad for you.

Now, mind, some widow selling her husband's things, "you know this is valuable, right?" might be said, and if she asked for help I would give it. But Joe Schmoe at a flea market, garage sale, whatever... do your due diligence. I'm not doing it for you.
 
JwRosenthal
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SkunkPrince SkunkPrince
It is not my responsibility to inform a seller that they undervalued the thing they're selling. They fix the price, I might negotiate, and I pay what I pay.

I don't care who you are, if you don't care enough to make even minimal effort, then too bad for you.

Now, mind, some widow selling her husband's things, "you know this is valuable, right?" might be said, and if she asked for help I would give it. But Joe Schmoe at a flea market, garage sale, whatever... do your due diligence. I'm not doing it for you.
Agreed. I used to buy record collections and stereo equipment- did plenty of house calls, and only 1/10 would actually yield real fruit. I had to tell many a-widow that their deceased husbands prized record collections wasn’t worth the value of me hauling it away (politely of course).
But on the occasions where there was a valuable collection- I would let them know what it was worth, and what I was willing to pay (two very different numbers) and let them decide. 90% of the time they went with my offer, 5% would call me a few days later realizing I was offering more than anyone else, and the last 5%were totally out of touch.
At a boot/yard/estate/flea/thrift- all bets are off. If they are going to sell publicly, then it is incumbent upon them to do their research.
 
Evitzee
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Seller sets the price, if it is below the market value that's their decision. It isn't up to me to educate him/her.
 
Shabbaz
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Evitzee Evitzee
Seller sets the price, if it is below the market value that's their decision. It isn't up to me to educate him/her.
So this is what we would tell the kids?

By the way, I would probably talk it down to $5 and run like hell with that 2915...
 
Dan S
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These conversations always get interesting.

In a previous thread, I think I recall someone suggesting grabbing the watch for $5, and then afterwards writing a check for some extra amount. Somehow I doubt this is likely to happen, but it would be an intriguing approach if someone wanted to make sure they actually got the watch, but also felt guilty about underpaying.
 
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