Speedmaster Professional Selling Question

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Hello -

I'm looking for some advice, or previous thread which discusses how best to go about selling a Speedmaster
Professional.

The Watch is a 145012 - 67, it has a newer model bezel on it which was replaced at some point (I do not have the original),
and the bracelet was upgraded (I do have the original, and original end links).

I understand it has some value, therefore I don't want to just put it on Ebay, but rather would like to find a recommendation
for how to go about selling it given that I am basically ignorant about watches and don't want to get ripped off.

The images are of the watch, and as I said I do have the original bracelet and end links.

Thanks,
Jeff

 
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Without experience or credibility as a seller, eBay may actually be your best option, with plenty of photos. I don't see why you think that you will be ripped off.

If you're not comfortable with that, contact auction houses or dealers to see about consignments.

BTW, the hands appear to be incorrect replacements and the bezel is a service part as you noted. So the watch has some issues. It's not a collector piece, but it still has value as parts or for someone who wants to restore it.
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As a previous seller on eBay, I have never been "ripped off." Do you have any specific examples related to your concerns?
 
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There is also Chrono 24 which I would personally be more comfortable with. Fees aren't bad and you have protection through their escrow system.
 
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I understand that the forum isn't the place for asking for pricing, anybody willing to PM me some ballpark numbers, or suggest where I might go to figure out what it's worth (as-is)?

Thanks,
Jeff
 
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Without experience or credibility as a seller, eBay may actually be your best option, with plenty of photos. I don't see why you think that you will be ripped off.

I've sold lots of watches through forums like this and eBay. I've never been "ripped off" even as a buyer, and eBay is probably one of the safest options. If your watch is worth more than $2K, I think eBay still provides a no-cost authentication for the watch, which is also helpful.

That also helps the seller because the buyer can't come back later and claim that it's fake, and play some kind of refund game on you.

Use common sense and as Dan noted, take lots of good pictures of the watch to help any prospective buyer.
 
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Now ebay has the authentication service it is a lot safer for the seller (and buyer too I guess) for the reasons noted above. Your problem will be if the buyer complains about something unexpected or that you didn't disclose so be sure to be honest, open and thorough in your description else the buyer can and sometimes do enforce a return. That is where the problems can start. For instance, if you declare that the bezel has been replaced at service at some point, the buyer can't complain that it is not original (as it is not). Take lots and lots of clear pictures and let the buyer decide. It must be said the minute hand looks a bit short so might not be original either, they might be Mk2 hands. Basically don't give them an excuse to return it. I see you have the bracelet, that might be better sold separately.

As for price, you could either let it run at open auction which will find its true value or you could try listing at say £4,000 BIN maybe (or your local currency equivalent) and if it doesn't sell, list it again a month later at £3,750 and so on...
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Now ebay has the authentication service it is a lot safer for the seller (and buyer too I guess) for the reasons noted above. Your problem will be if the buyer complains about something unexpected or that you didn't disclose so be sure to be honest, open and thorough in your description else the buyer can and sometimes do enforce a return. That is where the problems can start. For instance, if you declare that the bezel has been replaced at service at some point, the buyer can't complain that it is not original (as it is not). I'd be less sure about anything else having been replaced based on those few pics so I'd take lots and lots of clear pictures and let the buyer decide. Basically don't give them an excuse to return it. I see you have the bracelet, that might be better sold separately.

As for price, you could either let it run at open auction which will find its true value or you could try listing at say £4,000 BIN maybe (or your local currency equivalent) and if it doesn't sell, list it again a month later at £3,750 and so on...
A replacement bezel if you are lucky enough to find one that does not look like it was dragged behind a tractor is going to cost a fortune. And unless you are skilled in watch repairs, you are going to have to use a watchmaker to sort issue(s) i really cannot see this watch being worth anywhere near even £3,750.
 
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A replacement bezel if you are lucky enough to find one that does not look like it was dragged behind a tractor is going to cost a fortune. And unless you are skilled in watch repairs, you are going to have to use a watchmaker to sort issue(s) i really cannot see this watch being worth anywhere near even £3,750.
Fair enough, that is partly why I suggested starting high and being prepared to lower the price if it sits there like a bad smell.
 
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At least the bezel is a correct replacement. Unfortunately, I can't say the same for the hands. It also looks like some lume is missing from plots on the dial, so the upside is limited.

Fair enough, that is partly why I suggested starting high and being prepared to lower the price if it sits there like a bad smell.
This makes sense logically, but it can sometimes result in selling at a lower price than if one had started with a fair price. If a watch gets stale on the market, buyers become wary of it. Personally, I think that a watch like this, which has replacement and incorrect parts, might do best in an eBay auction. That way someone can't really complain afterwards. Or the OP can try to come up with value as parts (probably the best way to do it), or fair value minus cost for restoration (e.g. with a $3.5k investment it could be worth $5k). Unfortunately it doesn't sound like he has the knowledge to do that.

We haven't seen photos of the so-called original bracelet, but if it is a flat-link, I might sell it separately.
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At least the bezel is a correct replacement. Unfortunately, I can't say the same for the hands.


This makes sense logically, but it can sometimes result in selling at a lower price than if one had started with a fair price. If a watch gets stale on the market, buyers become wary of it. Personally, I think that a watch like this, which has replacement and incorrect parts, might do best in an eBay auction. That way someone can't really complain afterwards.

We haven't seen photos of the so-called original bracelet, but if it is a flat-link, I might sell it separately.
I would agree in part, but emphasise the original bracelet as the (if original flat link) best, Sweetener, bit of the sale and the watch as spares parts or restoration project
 
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I would agree in part, but emphasise the original bracelet as the (if original flat link) best, Sweetener, bit of the sale and the watch as spares parts or restoration project
IMO, when selling parts, you will almost always do better by selling separately if you're willing to make the effort. Many buyers would be interested in paying top dollar for a good flatlink bracelet, but don't really want a parts watch.

In fact, given the condition of the bezel, hands, and dial, if he had the energy to sell all the parts separately, that might be best. But it's a pain in the neck, and I wouldn't bother with it.
 
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IMO, when selling parts, you will almost always do better by selling separately if you're willing to make the effort. Many buyers would be interested in paying top dollar for a good flatlink bracelet, but don't really want a parts watch.

In fact, given the condition of the bezel, hands, and dial, if he had the energy to sell all the parts separately, that might be best. But it's a pain in the neck, and I wouldn't bother with it.
agreed far better to pass on as a lot and let someone who could possibly offset the investment in what realistically is a parts watch and breaking for original spares ( a watchmaker) and get some of funds back with the included sale of the flat link bracelet.
 
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At least the bezel is a correct replacement. Unfortunately, I can't say the same for the hands. It also looks like some lume is missing from plots on the dial, so the upside is limited.


This makes sense logically, but it can sometimes result in selling at a lower price than if one had started with a fair price. If a watch gets stale on the market, buyers become wary of it. Personally, I think that a watch like this, which has replacement and incorrect parts, might do best in an eBay auction. That way someone can't really complain afterwards. Or the OP can try to come up with value as parts (probably the best way to do it), or fair value minus cost for restoration (e.g. with a $3.5k investment it could be worth $5k). Unfortunately it doesn't sound like he has the knowledge to do that.

We haven't seen photos of the so-called original bracelet, but if it is a flat-link, I might sell it separately.
Yep all true. I was clearly too optimistic with my earlier figures. If I were offered this my GBP figure would start with a 2. Maybe a BIN with Accepts Offers at £3K might achieve a quick sale. I always list with 'Accepts Offers' as even if you are a bit toppy someone can offer what they are prepared to pay and you can decide at leisure if it is enough or counter offer. Or just run it at open auction like you say. If 2 people want it badly enough it could go higher than otherwise.
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Interesting, the watch is a perfectly fine daily wear watch. Works perfectly, and due to the fact that it has been maintained over the years it is now considered a "spare parts" item. 😀 It's utterly ridiculous, when you think about it. However, collecting anything is a strange hobby when you get to that level of nitpicky.

The funny thing is, that a ton of these watches were bought by Military type people back in the
60'-70's through Military exchanges, and while they were cool watches they weren't that special. I bet half the pilots out there owned Speedmasters, and just wore them. So in a sense, they never
were that valuable in real day to day life.

I have actually worn the watch at various times, and it's heavy and chunky, not comfortable at
all on the wrist, and I much prefer my Timex digital ...

I'm not worried about the various places like Ebay ripping me off, I'm more worried about me making a foolish decision out of ignorance and getting ripped off by somebody who knows more than me about the watch.

Perhaps my best bet, now that I'm slightly more educated is to have the few details that devalue
the watch corrected, and then sell the watch that way?

Jeff
 
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Yep all true. I was clearly too optimistic with my earlier figures. If I were offered this my GBP offer would start with a 2. Maybe a BIN with Accepts Offers at £3K might achieve a quick sale. I always list with 'Accepts Offers' as even if you are a bit toppy someone can offer what they are prepared to pay and you can decide at leisure if it is enough or counter offer. Or just run it at open

Interesting, the watch is a perfectly fine daily wear watch. Works perfectly, and due to the fact that it has been maintained over the years it is now considered a "spare parts" item. 😀 It's utterly ridiculous, when you think about it. However, collecting anything is a strange hobby when you get to that level of nitpicky.

The funny thing is, that a ton of these watches were bought by Military type people back in the
60'-70's through Military exchanges, and while they were cool watches they weren't that special. I bet half the pilots out there owned Speedmasters, and just wore them. So in a sense, they never
were that valuable in real day to day life.

I have actually worn the watch at various times, and it's heavy and chunky, not comfortable at
all on the wrist, and I much prefer my Timex digital ...

I'm not worried about the various places like Ebay ripping me off, I'm more worried about me making a foolish decision out of ignorance and getting ripped off by somebody who knows more than me about the watch.

Perhaps my best bet, now that I'm slightly more educated is to have the few details that devalue
the watch corrected, and then sell the watch that way?

Jeff
IF it was mine i would just wesr it as a daily beater . 99% of people are not going to notice the service parts.

But to a speedy nut ( collector) original is so important. And there lays the problem .

To obtain the parts ( genuine) will either take you years or be very expensive or even both.
 
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Interesting, the watch is a perfectly fine daily wear watch. Works perfectly, and due to the fact that it has been maintained over the years it is now considered a "spare parts" item. 😀 It's utterly ridiculous, when you think about it. However, collecting anything is a strange hobby when you get to that level of nitpicky.

The funny thing is, that a ton of these watches were bought by Military type people back in the
60'-70's through Military exchanges, and while they were cool watches they weren't that special. I bet half the pilots out there owned Speedmasters, and just wore them. So in a sense, they never
were that valuable in real day to day life.

I have actually worn the watch at various times, and it's heavy and chunky, not comfortable at
all on the wrist, and I much prefer my Timex digital ...

I'm not worried about the various places like Ebay ripping me off, I'm more worried about me making a foolish decision out of ignorance and getting ripped off by somebody who knows more than me about the watch.

Perhaps my best bet, now that I'm slightly more educated is to have the few details that devalue
the watch corrected, and then sell the watch that way?

Jeff
I don't know why it offends you that the value would be based on parts. You can still use it as a watch if you want to, it's just a way to do valuation.

The intrinsic value of a mechanical watch is virtually zero, so any value at all is artificial, due to collectibility. And since it's not a rare watch, collectors are looking for examples that are original, complete, and in good condition. The owner of this watch just slapped on whatever parts were available to make it usable. That's fine, and understandable, but it makes the watch less valuable for collectors. Still, for the sake of argument, let's say it's worth $2k USD, that's actually a lot of money compared to the cost of a smart watch, smart phone, etc. Or even compared to many new mechanical watches.

You would need to invest $3k-$4k into the watch to make it right, and then it would be worth $5k-$6k, IMO. Probably the lower end if the dial is in the condition that it appears to be. You would need to pay someone to do the work, and going down that rabbit hole could expose more problems that would need to be addressed. If you were experienced, sitting on parts already, and could do some of the work yourself, it might be a reasonable approach. But as I mentioned previously, it's worth more as parts, so I would just sell it as-is. I'm pretty sure that is the way for you to get the most out of it. Suckers pay too much for bad examples every day, maybe you can be the beneficiary of that. My only actionable advice for you involves my suggestion about the bracelet. But we'd need to see photos to confirm that it is legit, complete, and original.
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I don't know why it offends you that the value would be based on parts. You can still use it as a watch if you want to, it's just a way to do valuation.

The intrinsic value of a mechanical watch is virtually zero, so any value at all is artificial, due to collectibility. And since it's not a rare watch, collectors are looking for examples that are original, complete, and in good condition.For the sake of argument, let's say it's worth $2k USD, that's actually a lot of money compared to the cost of a smart watch, smart phone, etc. Or even compared to many new mechanical watches.

You would need to invest $3k-$4k into the watch to make it right, and then it would be worth $5k-$6k, IMO. Probably the lower end if the dial is in the condition that it appears to be. You would need to pay someone to do the work, and going down that rabbit hole could expose more problems that would need to be addressed. If you were experienced, sitting on parts already, and could do some of the work yourself, it might be a reasonable approach. But as I mentioned previously, it's worth more as parts, so I would just sell it as-is. My only actionable advice for you involves my suggestion about the bracelet. But we'd need to see photos to confirm that it is legit, complete, and original.
Not so offended that I have a problem, it's at the end of the day just an old watch. So it's mostly just me commenting on what to me is a perfectly fine watch. What are you seeing with the dial? I did look up some pictures of watches that are of this era and I do see the difference in the bezel, and the hands. But the dial looks fine to me? Or is it a replacement, which is not correct to the year?
 
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Not so offended that I have a problem, it's at the end of the day just an old watch. So it's mostly just me commenting on what to me is a perfectly fine watch. What are you seeing with the dial? I did look up some pictures of watches that are of this era and I do see the difference in the bezel, and the hands. But the dial looks fine to me? Or is it a replacement, which is not correct to the year?
I would need to see better photos, but it looks like a lot of the lume on the dial has been lost.