The trouble with making an offer...

Posts
334
Likes
739
I never find offers insulting. In fact I enjoy finding out why a certain price was offered. Maybe it's because I'm out of touch. But usually, it's a dealer or someone trying to get a cheapie.
Other times it's hilarious crap like when a guy offered me 150 euro less for a tritium era skindiver that I had at a very reasonable price(based on ebay sold listings). I asked him why and he said(the lume in the lolipop seconds hand was not original) that is what the relume was going to cost. Sure. I don't think it would have cost that even if he had it done with actual nos tritium. And who on earth would waste nos tritium on a 200 euro diver?
I'd love to never sell anything but sadly, it doesn't work like that..
 
Posts
224
Likes
270
Don't obsess. Do your research, arrive at the appropriate number by putting yourself in the seller's shoes.

Then offer 10% under that. Good 2 go!

Good luck!
 
Posts
2,844
Likes
2,438
Over the years I have found that if I'm truly interested in a watch and it's in the game, price wise, then an offer of no less than 90% of the asking price has always been considered a fair offer. I'm not saying that it's always been accepted, but never ignored.
 
Posts
334
Likes
247
I never had any problems with offers. I know what I'm buying and what it's worth. A lot of times the seller has a wrong idea. No problem at all, good luck to you. But I've sold my share of watches and I saw the low ballers frequently. It always makes me chuckle. So put in a reasonable offer, dont lowball and do it with respect for someones watch. Then everything will be fine.
That was what I was think
I never had any problems with offers. I know what I'm buying and what it's worth. A lot of times the seller has a wrong idea. No problem at all, good luck to you. But I've sold my share of watches and I saw the low ballers frequently. It always makes me chuckle. So put in a reasonable offer, dont lowball and do it with respect for someones watch. Then everything will be fine.
That was what I was thinking. Some offers come disrecpectfully how come if I am selling at $100 for example I receive $50 $60 offers? And item is in lowest price among other sellers !? So better be reasonable.
 
Posts
1,241
Likes
3,868
or it's priced perfectly...
My dad always said “bears make money, bulls make money, pigs get slaughtered.”

I try to set an item right around what I’d be happy with and not worry about it selling too quickly.
 
Posts
6,026
Likes
20,723
One model says that in a fair exchange both the seller and the buyer should feel they could have done better.

It kind of depends on your purpose. If I come across a nice item, whether a watch or a car (or even real estate), the rarity of the item and how much I want it will guide me. There aren't too many unknowledgable people anymore. If anything, most people assume what they have is worth the highest historical price.

Again, if it's something I want and comes from an original owner for example, I will honestly praise the positive aspects as well as point out any weak areas. People appreciate a genuine interest, especially if it is a long held family piece. Often times they are willing to come to a reasonable/fair price when they know it will go to a good home. Sometimes you don't haggle at all if it's fair and rare. But that depends on what you know and what you want.

If it's offered with a price, you should know the fair market price before you offer. If you want it and it's fair, you will know what is too low and insulting. If you are trying to get a steal, you deserve to have the buyer tell you to take a hike. No one wants to be robbed. If I am the seller I know the value and will price it fairly. I will simply say no and thanks for your interest to lowballs. If they make another offer I am not inclined to be generous at that point.

Again, depends on your reasons for buying.
 
Posts
795
Likes
1,157
..... , but if my offer is accepted I'm going to worry that I offered too much.

....

There's a saying, not sure exactly how it goes ..

You want the cake and it it too! ...

................ 😀
 
Posts
2,761
Likes
4,359
If I want a watch and I think it is fair I pay the price no questions asked. If the watch is over priced I just move on. If the buyer asks my opinion I take the Janet and Fred approach, explain my point of view and try to come to a fair price.
If I happen to get an exceptional good deal then lucky me, I would not worry about the ifs and buts, I am here to enjoy watches not worry about a few quid here or there.
 
Posts
1,541
Likes
3,352
There's a saying, not sure exactly how it goes ..

You want the cake and it it too! ...

................ 😀
I want the biggest slice of cake for the lowest price!
 
Posts
16,307
Likes
44,982
I want the biggest slice of cake for the lowest price!
Joking aside, this is part of the game for some people- and there is nothing wrong with that. There are consummate bargain hunters- they get into the deal, they are all about finding the treasure and will walk away from something, even if it's fairly priced, becuase the terms or price weren't to their liking at the end. Others just want what they want and will pay full price to avoid the hassle of bargaining, haggling, or the hours of legwork to find the cheaper price (and possible dissapointment is they lost the one they are looking at while trying to score a bargain).
We all have different styles and that part of the hobby. I normally always make an offer when "make offer" is offered on a watch I want. But just this morning, a watch popped up that has been on my short list for years. It was very fairly priced (actually the seller didn't know what it was, it was down right cheap) and I didn't want to lose it to another buyer who knew what it was while the seller reviewed my offer, so I just hit BIN and done. But I know some that would say I left money on the table....it all comes down to how badly do you want it.
 
Posts
23,446
Likes
52,098
But I know some that would say I left money on the table....it all comes down to how badly do you want it.

I'm sure you've experienced the scenario where you lose the watch to another buyer in an effort to save a small amount off of an already fair price. It's human nature, but a lesson that I'm trying to learn.
 
Posts
16,307
Likes
44,982
I'm sure you've experienced the scenario where you lose the watch to another buyer in an effort to save a small amount off of an already fair price. It's human nature, but a lesson that I'm trying to learn.
It's tough because part of this game is the hunt and the score. But one thing I have actually learned from you @Dan S is find the best you can afford and then buy it. I can't tell you how many project watches I bought that I got on a "deal" only to meet with mediocre results in the end- and then I don't wear it. I still love a bargain and can spot a diamond in the rough, but I'm past the buy it becuase it's cheap.
 
Posts
301
Likes
389
I scour the web for past transactions. Of course there's a spectrum but if I can get a price from a year or more ago, I think it's more than fair.
 
Posts
4,228
Likes
10,071
An additional angle as a buyer that I use: Look at my feedback left. I never return or quibble after the sale. Sell it to me and you are done.

As a seller I do look at the buyer and sometimes dread sending the watch.
 
Posts
5,636
Likes
5,800
Patience is hard to learn when there are dozens of examples, at least for the popular Omegas.

I had to learn patience when waiting to find exact Buescher trumpets or flugel I wanted to buy. Waiting years, in that case.

Too bad I don't feel much like playing any more. :-\
 
Posts
4,593
Likes
10,805
I never return or quibble after the sale. Sell it to me and you are done.

Absolutely of paramount importance if one wants to continue dealing with flippers, brick and mortar sellers, or for that matter vendors at markets. Be a big boy/girl and take your lumps once in a while. Believe me this is the fast lane to getting shown the better stuff and making sweeter deals. The sellers will give preference to you down the road. No one wants to deal with a complainer or cry baby.
 
Posts
1,077
Likes
3,749
All of these insights are extremely valuable, coming from experience. There's no correct way; there's only the approach that works for you. Whatever else it is, buying and selling is also a skill that gets better with practice.

I posed a similar question a couple of years ago: https://omegaforums.net/threads/responding-to-will-you-end-your-auction-early-for.86943/. I humbly suggest you follow the action through all three pages, even if only to admire how instantly @time flies was able to recognize my hapless attempts to remember Nudie Cohn.
 
Posts
870
Likes
1,573
I had an interesting experience recently, dealing with a buyer. Long story short, after several last minute 'ghostings', I was approached by someone who had previously complimented the piece - they just wanted to chat about it, which was fine. They explained they were new to collecting with a single watch so I just gave some general friendly advice; research the seller not just the watch, check your locations when buying online, etc.

Then he made an offer, which included a partial trade I would just end up moving on (I'd tried the model previously), I explained that while it wasn't an unfair offer, it wasn't for me. They thanked me, and that was it. A week later they dropped me a message, 'hi how'ya doin' sorta thing. Then, "well, maybe I could..." add fifty+ email exchanges back and forth, me pointing out some of the things they should watch out for, and in the end, they went for it at just under my asking and ended up writing me a thank you note for the help along the way.

Just kinda served to remind me that sometimes buyers don't mean to be 'cheap' or rude, they just don't necessarily know what they're looking at or sometimes, what they're looking for.

As a buyer I ask questions, and as a seller I always try to welcome them.

Except for the guy who wanted one of my mint dress Seikos from the 60s because "it's a good size watch for a girl; I don't wear anything smaller than my Invicta" (I kid you not, he not only said it but had the jingly jangly thing flopping all over on a too-large bracelet) - the comment plus a total offer of about 18, maybe 20% of my asking price...I had no time of day for that guy. 🫨