Chrono24 - The Company

Posts

8,096

Likes

28,523

Tony C.

·Jan 29, 2022·Ωf Jury member

Butik

Switzerland - European Union, as far as I know, but someone correct me if I am wrong.

EDIT - just checked - no import duties both ways, but VAT of the country of import must be paid. So this should be strongly taken into consideration. Thanks for your question, I have learnt something (and will die stupid anyway 😉 )

Switzerland is not a full trading partner of the EU, and individuals are indeed required to pay customs duties in addition to VAT. Some companies are exempt with regard to certain products, but anyone in the EU who purchases a watch in Switzerland is technically required to pay duties which will add significant cost. This works in both directions, of course.

 

Posts

34,265

Likes

38,886

dsio

·Jan 29, 2022·Ash @ ΩF

The valuation of this btw is stupid, as are so many tech or pseudo tech businesses right now. A lot of my mates in tech that went through the dotcom era are starting to sound a lot like @Tony C. at the moment with how much stupid money is floating around.

 

Posts

7,680

Likes

14,204

Evitzee

·Jan 29, 2022

As the late economist Herb Stein once commented, "when something cannot go on forever, it will stop". Nothing is immune to this law. Even gross incompetent government spending eventually hits the wall. And so it will be with watches.

 

Posts

6,498

Likes

10,176

Mark020

·Jan 30, 2022·not the sharpest pencil in the ΩF drawer

Tony C.

Switzerland is not a full trading partner of the EU, and individuals are indeed required to pay customs duties in addition to VAT

+1. The good thing is that most (professional) Swiss sellers will - upon request - ship from the EU

 

Posts

986

Likes

3,009

vitriol

·Jan 30, 2022

oddboy

sort of related, has anyone seen what "watchcharts" is doing lately?

definitely a different breed of watch "collectors" out there....

Ch24 has very similar benchmarks and charts since years. "Collectors do not hang out" on Watchcharts nor any other search engine which is indexing the listings and prices from various sources.

Edited: Jan 30, 2022

 

Posts

56

Likes

215

afnios1

·Jan 30, 2022

if they make it ever to protect the seller then they will gain the max.till then it seems like a bubble full of acid

 

Posts

4,997

Likes

18,549

Shabbaz

·Jan 30, 2022

I've sold a lot on chrono over the years. And I bought a couple. Mostly from dealers. Never had any problems. Perfect marketplace. But as always, do your due diligence.

 

A

Posts

116

Likes

66

ArmbandUhr69

·Jan 30, 2022

A fantastic concept, only let down by the amount of personal info you trust them to keep safe. One hack and the ID info collected is amazing.

 

Posts

235

Likes

328

pumpernikiel

·Apr 26, 2022

Tony C.

Switzerland is not a full trading partner of the EU, and individuals are indeed required to pay customs duties in addition to VAT. Some companies are exempt with regard to certain products, but anyone in the EU who purchases a watch in Switzerland is technically required to pay duties which will add significant cost. This works in both directions, of course.

Very true - you need to watch out here! There is a common issue of cross-border selling between Switzerland and neighbouring countries - often it is cheaper to do groceries e.g. in France and bring it to Basel... there is a price difference as well as tax difference. Such entertainment of course is not appreciated by Swiss authories and is welcomed with a fine. If it applies to groceries then I think it is also very true for watches.

 

Posts

6,868

Likes

12,619

SpeedyPhill

·Apr 26, 2022

Wasn't there a chrono24 team-up with FratelloWatches ? 👎

 

Posts

16,863

Likes

47,901

STANDY

·Apr 26, 2022·schizophrenic pizza orderer and watch collector

SpeedyPhill

Wasn't there a chrono24 team-up with FratelloWatches ? 👎

It was more of Fratello used their tracking of prices graphs. (Like many do nowadays) Nothing official….

When you have 50 emails a week about investment in watches you have to give in and have the occasional article about investment.

Don’t think we can jump to “Team Up” just off one article…..

https://www.fratellowatches.com/is-an-omega-speedmaster-a-good-investment/

Even titled it “the Dirty question”

Edited: Apr 26, 2022

 

Posts

1,008

Likes

1,622

mario_8778

·Apr 26, 2022

I've sold two watches on Chrono24 without any problems at all.
Very nice site IMO and with only 6.5% if your watch sell on their site and they give you three months to pay the ammount to them.
Very thoughtful and cool from their part!

 

Posts

514

Likes

794

Sa Calobra

·Apr 28, 2022

Have good experiences with the site, both buying and selling. I agree it would be good to have reviews available, then again you do have ample time to communicate with the seller and do background research. That being said, I find it also important how they do conflict resolution. I once had a few issues with a watch I bought, and it was resolved nicely.

 

Posts

9,737

Likes

54,439

gbesq

·Apr 28, 2022

dsio

Statistically the Americans are less trouble from an admin perspective than their percentage would indicate.

We tend to elect morons to lead us and have far too many guns, but we’re generally a decent, law abiding, fair minded bunch and we enjoy getting to know others outside of our borders. And here’s another +1 for C24 - nothing but good experiences both buying and selling.

 

Posts

289

Likes

210

chrisb732

·May 1, 2022

I never purchased from there so I was wondering does the escrow service work for credit card and bank wire payments? I’ve been seeing a Skywalker on there that I have been thinking about getting. Thank you.

 

Posts

34,265

Likes

38,886

dsio

·May 1, 2022·Ash @ ΩF

A ArmbandUhr69

A fantastic concept, only let down by the amount of personal info you trust them to keep safe. One hack and the ID info collected is amazing.

While what I’m saying here is not about Chrono24, you guys would be genuinely shocked by the quantity and depth of data and information that has been shopped around to us by a range of third parties. It’s not hacked or leaked data, its data people have given freely to various websites and organizations which are then aggregated, de-anonymized, combined with additional data sets and sold for profit. We don’t have any money to buy that stuff nor is it really useful to us as we’re a forum and don’t sell any products ourselves but I’ve watched presentations where email addresses and/or phone numbers can be used to create an extremely detailed profile of users, with supposedly anonymized cell tower data from phone companies being used to even track ethnicity, religion, and what brand of car users own as well as where they live. Its scary how much is out there and for sale.

 

Posts

3,998

Likes

9,018

cvalue13

·May 1, 2022

dsio

Its scary how much is out there and for sale.

We’re all just plankton in the tide of data collection.

Chrono24 knows both that I secretly like the Nautilus, and that I can’t afford it. It benevolently allows me to look at them, anyways.

 

Posts

445

Likes

1,283

Ree

·May 1, 2022

SpeedyPhill

Wasn't there a chrono24 team-up with FratelloWatches ? 👎

Team-up? Aren't they owned by the same holding company?
"MPN Marketplace Networks GmbH, the holding company that owns Chrono24, German pre-owned watch firm Zeitauktion and online watch magazine Fratello."
https://www.watchpro.com/exclusive-xupes-signs-strategic-partnership-with-chrono24/

Chrono24 Fratello relationship explained in the first 2 minutes of this podcast:
https://www.fratellowatches.com/talking-online-watch-sales-with-chrono24-ceo-tim-stracke/

Edited: May 1, 2022

 

Posts

63

Likes

137

philby

·May 10, 2022

So if I get the gist of this thread correctly, Chrono24 seems to be quite recommended as selling (and buying, but that's not my concern right now) platform, at least for Europe, while OF might be better for the North American market.
I have too many watches, need to reduce, and am looking at C24 to sell some of them.

However, I'm getting really annoyed at the platform's insistence to publish ads, like the blue «your ad as almost finished» popping up all over the place, and the fact that I apparently can't prepare and save multiple ads - whenever one is saved but not yet published, whatever I do I get only this one ad to edit and thus can't create any other ads, forcing me to publish before I can add another watch. I find this behaviour really pushy and quite impractical.

Did y'all just go along with this, or is it my browser acting up? Safari sometimes can be a bit... overconfident in its cache engine - it's a true Apple product.

 

Posts

1,008

Likes

1,622

mario_8778

·May 26, 2022

One complaint I have about Chrono24 is that they ask all the time for photos of your watch with the ID,to prove that you have the watch!
That is kinda frustrating!
I was just doing it for three watches,that's why I thought of it 😁