A quick "How To" for members who are selling watches.

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I wouldn't mind this. I know that if I price a watch and I'm asking too much, I'd be open to correction from the collective.
The problem is it gets messy pretty quickly. You get people with vested interests either bigging up or slating the price and it leads to keyboard feuds
Was just thinking, everyone seems ready to jump on members who "overprice" their watches. Does anyone give them advice to raise the price if (heaven forbid) they have priced it below what someone thinks it's worth. Or do they just snap it up without any qualms?
On other forums such as TZ-UK where there is more leeway to comment on price both in another section and occasionally directly then yes, pretty often people are told when they clearly underprice items but that doesn't really seem to be the problem here now does it! I am not saying we should have the same rules here as TZ as that can be a very back biting vicious place. Indeed there is a thread on there for people who have been banned from here, (as far as I can see in the main for being dicks).
 
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this... the endless daily (or several times a week) bumping for no other reason than the fact that daily bumping is allowed is annoying me more than the silly pricing. If something is priced silly, and no bumping is allowed without a tangible price drop, that item will fall in the depth of the BST section.

Bumping daily is forum pollution in my eyes. Just because you have the guts to humiliate yourself in front of everyone by bumping daily with no (significant) price drop when your stuff isn't selling doesn't mean you should be allowed to be priorized on my screen over ads from more considerate and/or new sellers.

Note that you'd be more than welcome to bump daily, as long as you drop your price daily, too! Not by $50 on a $5K watch, this is in accordance with the word, but not the spirit of the law...

Can we please have some bumping-rule framework put together as it looks like the forum is ripe for a better bump-control framework: https://omegaforums.net/threads/bumping-fs-threads-daily-ish-with-petty-or-no-price-changes.44901/c 😗

Thanks in advance to all the considerate OF staff willing to swim against the tide of useless-and-too-frequent bumps 👍

Paul

I don't mind bumping (ONCE per day!), and I have three times now sold watches here for the initial asking price after a second-day bump; the reason for the interest on the second day was that many members read the forum from the "latest" feature and sometimes new sales posts just get missed and only seen when bumped.

This is even more the case after the new reviewing feature where the FS post won't go live before it's been checked by a moderator. A good idea, but since the (new) FS post is placed on the "latest" list relatively to when it was originally submitted and not when it has been cleared, it'll often end up at the middle of the list and get overlooked 🤦
 
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I don't mind bumping (ONCE per day!), and I have three times now sold watches here for the initial asking price after a second-day bump; the reason for the interest on the second day was that many members read the forum from the "latest" feature and sometimes new sales posts just get missed and only seen when bumped.

This is even more the case after the new reviewing feature where the FS post won't go live before it's been checked by a moderator. A good idea, but since the (new) FS post is placed on the "latest" list relatively to when it was originally submitted and not when it has been cleared, it'll often end up at the middle of the list and get overlooked 🤦

yep that works... for the first bump. Not for the other 29 ones till the end of the month... 🙄
 
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There is perhaps, a solution to the issue that might be welcomed, by both Buyers & Sellers ?

The change would involve a paradigm shift in the way, the ‘Private Sales Forum’ is modelled

Instead of a stated ‘Fixed Price’,( that perhaps, subsequently reduces ) … as stipulated by the current Forum Rules

What about…’Make an Offer’ ?....... this method should more closely adhere, to what some vociferous Members believe, the fair Market price would be ?

Effectively an ‘invisible auction’…Completely hidden bids…so there is no possibility of either side, manipulating the eventual price

The potential Buyers… could assess, themselves, what they feel is a realistic value…that they wish to pay, & offer accordingly ?

The Sellers… would probably gain a more accurate insight into what the actual Market value is …?

The Seller could then choose, which offer to accept …or not ?

Potentially QED…Everyone, perhaps happier than the current status quo ?

I realise that the Forum is a very benevolent Dictatorship…Which I have absolutely no objection to…And we accept by our Membership, that we have no influence, in Forum direction

Nevertheless…perhaps a constructive conversation amongst us all, may sway the Owners,… regarding a possible forward direction… that perhaps, works more efficiently, and increases turnover for both sides ?

Thoughts anyone ???
 
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This is, for me, the best place to buy and sell watches on the internet.

Perhaps there are some minor flaws, but on the whole, why are we messing with something that seems to work for the majority over relatively minor concerns like listings being bumped once a day, or a piece sticking around a little long (I’m sure equally to the chagrin of the seller) due to the price being high - and market forces working to bring the price down?

Call me crazy but I like the straightforward status quo....
 
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There is perhaps, a solution to the issue that might be welcomed, by both Buyers & Sellers ?

The change would involve a paradigm shift in the way, the ‘Private Sales Forum’ is modelled

Instead of a stated ‘Fixed Price’,( that perhaps, subsequently reduces ) … as stipulated by the current Forum Rules

What about…’Make an Offer’ ?....... this method should more closely adhere, to what some vociferous Members believe, the fair Market price would be ?
I think that would reduce the FS forum to something akin to eBay .... there is nothing more tedious than constantly declining the ridiculous offers that come through on eBay. I am convinced some people spend their days sending really low offers out to all "buy it now" offers in the hopes that a seller inadvertently hits "accept", thus creating a contract they had no intention of entering.

What might fulfill your intention better would be a Dutch Auction whereby the sale starts at a certain price and periodically drops by a set amount. The first buyer to accept wins the auction and the seller can set their top and lowest acceptable price.
 
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I think that would reduce the FS forum to something akin to eBay .... there is nothing more tedious than constantly declining the ridiculous offers that come through on eBay. I am convinced some people spend their days sending really low offers out to all "buy it now" offers in the hopes that a seller inadvertently hits "accept", thus creating a contract they had no intention of entering.

What might fulfill your intention better would be a Dutch Auction whereby the sale starts at a certain price and periodically drops by a set amount. The first buyer to accept wins the auction and the seller can set their top and lowest acceptable price.


Ridiculous offers…are part and parcel of any Sales Thread

The audience is far smaller on the Forum, than eBay …and far more informed

I suspect the offers might more closely bear a relevance, to Market Value

Effectively an unstructured ‘Dutch Auction’ already exists…and that still seems, to piss people off
 
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This is, for me, the best place to buy and sell watches on the internet.

Perhaps there are some minor flaws, but on the whole, why are we messing with something that seems to work for the majority over relatively minor concerns like listings being bumped once a day, or a piece sticking around a little long (I’m sure equally to the chagrin of the seller) due to the price being high - and market forces working to bring the price down?

Call me crazy but I like the straightforward status quo....

To be fair, the thread didn't start out suggesting any structural changes, only urging people to be more realistic in their pricing, which seems like a fair point. At the very least, it's a conversation that sets community expectations, and some sellers may care about that.
 
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Ridiculous offers…are part and parcel of any Sales Thread

The audience is far smaller on the Forum, than eBay …and far more informed

I agree but I still think that it carries a risk of pulling down the standard of the Forum

I suspect the offers might more closely bear a relevance, to Market Value
This is very possible but not assured.

Effectively an unstructured ‘Dutch Auction’ already exists…and that still seems, to piss people off
Yup, and I'm saying, or asking, if it's worthwhile adding structure.
 
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Yup, and I'm saying, or asking, if it's worthwhile adding structure.


You cannot dictate to Sellers…by what proportion, you expect them to reduce their own valuation

Essentially..... that is a personal choice, or not

How will ‘Make an Offer’ lower the standard of the Forum ?? .......it is a hidden communication between the buyer and seller
 
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The only rule we have about pricing is that you must show an asking price.

I think we did have one seller do a Dutch Auction a few years ago. Not much different than bumping with discounts - only more structured.
 
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You cannot dictate to Sellers…by what proportion, you expect them to reduce their own valuation
The idea is not to dictate. The seller selects his starting price, X; chooses the lowest he is willing to accept, Y; and selects increments by which the asking price will decrease, Z. So, as an example, a pristine 1974 Speedmaster, starting at $3900, going down to $3200 by $100 increments each day for a week. There would be no "bumps" or anything else other than automated price drops each day until someone buys (or the item goes unsold).
How will ‘Make an Offer’ lower the standard of the Forum ?? .......it is a hidden communication between the buyer and seller
Because I, for one, don't want to deal with constant low-ball PMs.
 
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This is, for me, the best place to buy and sell watches on the internet.

Call me crazy but I like the straightforward status quo....

I would never question your judgement, or sanity

But to accept the ‘status quo’……is to accept eventual stagnation, & increasing levels of discord ( as evident here ! )

Everything must keep evolving…the trick is to ensure that the progress, is positive, & beneficial
 
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What about…’Make an Offer’ ?....... this method should more closely adhere, to what some vociferous Members believe, the fair Market price would be ?

Effectively an ‘invisible auction’…Completely hidden bids…so there is no possibility of either side, manipulating the eventual price
I don’t like it.

OF is not eBay or a sealed bid auction.

State a price, increase it or decrease it. Bump once every 24 hours (not a “day”). Change, don’t change. All the same to me.

I think we should give some thought about the time of posting for the listings. It’s not fair that the time of posting reverts back to the time an ad is submitted for moderation, rather than the time is gets approved. That would probably require a change in forum software and @Trev and @dsio probably have other issues to attend to.

Take care,
gatorcpa
 
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Yes. I don’t like it.

OF is not eBay or a sealed bid auction.

State a price, increase it or decrease it. Bump once every 24 hours (not a “day”). Change, don’t change. All the same to me.

I think we should give some thought about the time of posting for the listings. It’s not fair that the time of posting reverts back to the time an ad is submitted for moderation, rather than the time is gets approved. That would probably require a change in forum software and @Trev and @dsio probably have other issues to attend to.

Take care,
gatorcpa


I think you have focussed on the mechanics here…rather than the overall strategy

Personally, I have no issue with ‘Moderation’ taking place…if only to weed out the idiots / scammers… before they entice the gullible into a costly mistake

Take care, yourself
 
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Because I, for one, don't want to deal with constant low-ball PMs.

You miss the potential possibility, that those ‘ Low ball PM’s’ …might actually represent the market value ?

Value is just a perception…that is infinitely variable
 
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I think you have focussed on the mechanics here…rather than the overall strategy

No “strategy” here. Price it, list it, adjust it, sell it.

We are not an auction house.
gatorcpa
 
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No “strategy” here. Price it, list it, adjust it, sell it.

We are not an auction house.
gatorcpa
Then bump it ad nauseam if stage 4 isn't reached?
 
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The idea is not to dictate. The seller selects his starting price, X; chooses the lowest he is willing to accept, Y; and selects increments by which the asking price will decrease, Z. So, as an example, a pristine 1974 Speedmaster, starting at $3900, going down to $3200 by $100 increments each day for a week. There would be no "bumps" or anything else other than automated price drops each day until someone buys (or the item goes unsold).

Because I, for one, don't want to deal with constant low-ball PMs.

Then don’t sell online.
 
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I'm really glad this conversation is happening - one of the great things about this forum is that members are invested in the community and give constructive feedback.

Like many people, I check the sales forums regularly. This is not a measurable source of annoyance for me. Though, I could understand if it is for others.