Speedy tuesday hunt

eugeneandresson

Would you say the same about their Rolex prices? I mean 11 ST1s vs hundreds of any particular Rolex reference should give a different statistic, but if this is the ‘across the board’ behavior then it should also be across the board.

Edit: I did a quick search of the 116600 ... 12k ~ 25k (CHF). That’s huge variance. ST1 is 11.7k - 13.3k (CHF)...quite confusing.

sgrossma

My only point is that the average asking price is not necessarily the value of the watch.

eugeneandresson

I'm not disagreeing 👍 And thanks for your input...you raise some pertinent points. I have often wondered about the price graphs on C24. I am certain most folks here have used their 'collections' feature to get exactly that. I guess that deserves a thread all of its own...

AlphaToOmega

For example, as someone who is based in the UK the graphs encompass prices both in the UK and abroad. The difficulty is that buying a watch from abroad (including the EU now) has VAT and taxes to add to the cost. So the charts would be a great deal more useful if they stated the weightings attached to the sales/prices. If a graph is based on majority sales in the UK, for example, then that will give me a decent guide whereas if all the sales are outside the UK then I need to add 20%+ onto the price.

AlphaToOmega

The price graphs on C24 don't compare like with like.

eugeneandresson

'Selling price' is irrespective of VAT ... its what buyers pay sellers -> VAT is what the respective vampires suck from the buyers necks... so whilst it may seem handy for the tool to automagically add VAT in (but then one has no idea of the actual sales price, which is more important for price trends over time), one should know ones import duties and do that sum automatically, its a lot simpler that way and by adding that to the tool would make it even less useful (all IMHO). I would hate to be the guy who got the task to implement such a feature in the software...but I digress.



Not sure what you mean by this. I would assume that the price graphs plot actual sales prices : so accepted offers, meaning the actual amount of currency that was exchanged by a buyer and a seller, using Chrono24 as an intermediary. But this is the question for C24 themselves

AlphaToOmega

Agree with all your points and perhaps I wasn't as clear as I could have been. When I look at a price graph, as a buyer in the UK, I am not clear on how many watches on that graph have been sold in the UK v abroad. For example, if the average price of a watch being bought/sold on C24, as outlined on the graph, is £5k I don't know if the majority of the watches have been sold abroad or in the UK. It is more likely the majority have been bought/sold abroad therefore as a UK consumer I would need to add 20%+ to the £5k.

eugeneandresson

I don't think this matters really, as even if the majority were sold abroad from the UK, the buyers may have been 'abroad' from the sellers (and neither one in the UK), and would also have paid their respective VATs on top. Naturally same country sales would mean the watch could be 'cheaper' for the buyer (but again, that depends!). However, as someone who always pays VAT, normally if I make an offer for a watch, I include the VAT I would have to still pay into my offer (so I take my idea of fair market value, and subtract the VAT, as my offer). I suspect a lot of folk work that way.

sgrossma

For the Speedmasters, the volume is lower and the dealer pricing isn't as transparent. But certain things don't make sense to me. Half of the dealers are asking $10k for a "Rising Sun", but you can easily find them for $7k from multiple Japan based sellers.

texasmade

I never understood why whenever I look at chrono24, there are always Japanese sellers like 20% lower than everyone else. It just makes me wonder if they're actually selling authentic watches.

STANDY

Well they aren’t adding the 20% VAT that the European vendors do....

A abgul

Agreement with sgrossma. The c24 prices are maybe 20% or so above what people are actually paying. On-top of that is the slower selling velocity of the omega’s as opposed to Rolexes. For the tightly held watches the pricing is a little more nuanced because of little supply and sometimes people will pay to get it today.

spinnaker11

I have never purchased through C24 but do keep an eye on prices. Are you saying that people haggle with sellers on C24 and push the price down by circa 20% or that buyers go elsewhere and the 20% reduction is when they buy from other sources (i.e. not paying the C24 premium price)?