"Trusted dealer" info.

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Hey why stop here? I mean if we're going to label dealers as having a desire for profit let's go after the watch makers too. Shouldn't they work for gratis too? You know...for the sense of community and all. Let me tell you my experience...I have gotten more screwings from the general public and watch "enthusiasts" than dealers, in NYC, L.A., HK and the Philippines. And before you tell me how long you have been collecting and playing with watches, I didn't just start last week either. I would rather buy an expensive vintage watch from a reputable dealer any day. The dealers I deal with have forgotten more about vintage watches than most enthusiasts will ever know.

That's a nonsensical argument.

The watchmaker is creating something and trained for a skill. The watch dealer brings nothing to the table that can not be reasonably brought by a collector.
 
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That's a nonsensical argument.

The watchmaker is creating something and trained for a skill. The watch dealer brings nothing to the table that can not be reasonably brought by a collector.

Ah yes. Here's some "reasonable" for you. Last month a friend of mine was craving a certain vintage datejust tutone, unpolished with acrylic crystal and nice tight original jubilee. Not so easy to find such an animal as most collectors aren't willing to part with something in that sort of mint condition and if so the price would be extortionate. My friend came along with me to 47th st in Manhattan and while most of the main buildings were limiting public access, one of my dealer pals was able to produce the very watch he wanted and for a very very reasonable price.

So...if one is looking for something that typical collectors are reluctant to sell, does that mean they should go without, or seek out a trusted dealer?
 
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They are offering to inspect returns to confirm they are in the same state as when they were verified. This seems to be a positive change for sellers, as there was no protection previously. There is no guarantee the inspector will be worth a sh*t, but it is a lot better than before. I have never bought or sold a watch on eBay for more than $1,500, and not sure I would, but I'd say it is an improvement.

FYI, Here is the email I received from eBay on the verification program today.

"Get expert authentication and verified returns.

We’re introducing Authenticity Guarantee to protect sellers of luxury wristwatches sold domestically for $2,000 or more with verified returns. Your listings are exposed to 174 million active buyers. With Authenticity Guarantee you can sell luxury watches with peace of mind and buyers can shop with confidence.

When a luxury watch sells with the “Authenticity Guarantee” badge, the seller will ship their item to our authentication partner for verification of condition and authenticity. Following verification, the authentication partner will ship the watch to the buyer. eBay covers all costs in the authentication process including two-day secure delivery from the authentication partner to the buyer.

If a buyer initiates a return of an inspected watch, they will be required to send it to our authentication partner who will confirm that it's in the same condition in which it was sold. Our authentication partner will then return the watch to you. eBay covers all return shipping costs.

Item eligibility

Watches listed in the wristwatches category and sold for $2,000 or more are eligible for Authenticity Guarantee.

Smart watches, watch parts, and accessories are not eligible for Authenticity Guarantee. Items specified as “Customized” are not eligible for authentication. Customized is defined as original brand parts that have been replaced with non-brand parts or parts not original to the model or era, or components that are modified from the original design. Local pickup-only listings are not eligible for Authenticity Guarantee.

If your item is eligible for authentication, an Authenticity Guarantee badge will automatically appear on the item listing.

When you sell the luxury watch domestically for more than $2,000, your order details will reflect the coverage and our authentication partner’s ship-to address will appear in place of the buyer’s address. You’ll receive email updates from eBay throughout the verification process.

How Authenticity Guarantee works

When you sell a luxury watch covered by Authenticity Guarantee

1. You list your luxury watch. If your item qualifies for Authenticity Guarantee, it will automatically be given program badging. Your item will show an estimated delivery date including 2 days at the authenticator and 2 days shipping to the customer.
2. Ship your luxury watch to our authenticator. When your item sells, your order will automatically update with our authentication partner's address. Expedited shipping with insurance is recommended when shipping to the authenticator.
3. Your luxury watch is inspected. Our authentication partner will check the item against the listing description, verify each part of the item, and then ship it to the buyer with a unique authentication card.
4. Your luxury watch is delivered. Your item is given additional premium packaging and sent to the customer via 2-day shipping with signature required.

If a buyer returns a luxury watch covered by Authenticity Guarantee

1. The buyer ships your luxury watch to our authentication partner. The buyer is required to send the item to our authentication partner and will be provided with a free return label.
2. Item verification. Our authentication partner will inspect and evaluate your item’s condition. You are protected if the item is damaged or altered upon return.
3. The luxury watch is shipped to you. Our authentication partner will send the item to you via 2-day shipping with signature required. All return shipping costs are covered by eBay.

For full program details and eligibility requirements, learn more here.

As always, thank you for selling on eBay.
 
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This seems to be a positive change for sellers,

As a buyer or a seller I wouldn't want eBay's "authentication partner" getting anywhere near one of my watches. you gotta be kidding!
 
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As a buyer or a seller I wouldn't want eBay's "authentication partner" getting anywhere near one of my watches. you gotta be kidding!
As a occasional seller, I dread a buyer going anywhere near one of my watches. 😉 I had one soak a strap to damage it to justify a watch 'not as described.' But I totally agree with you.
 
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As a occasional seller, I dread a buyer going anywhere near one of my watches. 😉 I had one soak a strap to damage it to justify a watch 'not as described.' But I totally agree with you.

Oh I'm with you. I actually dread the selling process in it's entirety. However considering my penchant for buying package deals and treasure hunting for watches practically every time I go out for any reason the watches tend to pile up. When that happens I always prefer to sell off the excess on watch forums where everyone knows someone who knows the buyer or seller. Much better than dealing with the general public I think?
 
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As a dealer I would like to comment here and share some of my own thoughts and experiences for what its worth.
I buy and sell vintage pieces (most more than 20 years old) from and to dealers as wel as consumers. It lies in human nature to tell the story the buyer wants to belief. If you are motivated to buy, some people want to get an extra motivation (fairytales included) others want to hear the truth. I like to state as much as possible so that customers can make their own judgemnet. Also don't want to cover up stuff with photoshop. But like selling your house it helps you when someone makes nice pictures.
Nevertheless there's is some really bad behavior. Everywhere. From dealers to consumers and vice versa! I have also bought from reputable dealers pieces that are sold as serviced and then may watchmaker tells me that its completely not the truth. You never have to trust, you only buy trust by buying and building a relationship with people. Since I started buying and selling as a pro from 2018 I have experienced the good the bad and the ugly. I havent had the compete franken experience but there are some really nasty bits. But what would you expect buying a more than 20 year old piece with an unknown service history?
You can expect that it will have some issues. As long as you don't get a written service document there will be a chance of some issues. I prefer to buy my watches with no service history since then I can let my own watchmaker take care of it so that eventually I know what actually happened. Sometimes a watchmaker prefers to not completely overhaul a watch since they then have to change so many parts to get it up to like new condition. You can also over service a watch since every service will mean the screw get turned and it will risk to get some damage. They also have their favorite movements they like to work on. It is an old watch and does it have to run like new?
If you buy a watch with a recent service at a manufacture it will mean that the watch runs as good as possible.This service will be more expensive in the end but it will add value. Some watchmaking departments at brands are good and some are really bad. But even when I let an Omega certified watchmaker service a watch there are many differences between different Omega certified watchmakers. Some like to regulate a watch for weeks and some do it in one week or a day or 2. For dealers time means money. As a dealer you take judgment what kind of service is appropriate for each kind of watch. When I sell a Speedmaster they all get a service by a retired watchmaker who used to be and Omega certified watchmaker. For my average Rolex Datejust I used to let an average watchmaker do the job since its the movement every watchmaker knows since many learn the art of watchmaking working on Rolex movements. Sometimes a rolex service center can be better for higher end pieces. And other times you really don't have to that to avoid risk of removing old parts. When I have a watch with some parts that need to get made by hand I have another specialist. When a watch need to get polished I also have an expert. Long story short, a good dealer has its own pool of experts or sources for different kind of brands and topics.
If you have a good dealer he will stick with you. What I think is my greatest asset is my reputation. I can f**k people up one time, but I prefer to have returning customers who tell to their friend you should buy with that guy, he is one of the good guys.
About pricing. Some of the watches dealers sell are off course priced quite high. They have to pay taxes make an income and pay for expenses like a watchmaker, rent, insurance and also after service!! So to me what is most important to know when you would buy from a dealer is this guy there for the long term or is he there for the short buck. So just look what people say about the after service. And if you ask him if he can give some examples about his after service and what he has done before in case a watch of one of his customers got an issue. The upside from a well known dealer with a high quality kind of stock and reputation is that he will buy and sell pieces which he buys from high end dealers and collectors who take care of their products. So in the long run, quality has its price. You can always hunt for the cheap ones but most of the times you will have to make additional expenses for some hidden issues. And don't forgot in todays crowded market there is not such a thing as a free lunch.
Thank you so much for your meaningful reply. I've only purchased used cars for the past 40, with pretty good success... The process of purchasing a used watch is sooooo much more complicated.
 
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The process of purchasing a used watch is sooooo much more complicated.

All the more reason to check out watch forums for sale sections such as on this site. I have suggested this to many new members. The members and dealers here on this forum police themselves along with the staff and no cobbled together crap will slip thru the cracks very easily.
 
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The reason that I joined OF is cause i think there is a really profound knowledge from the members and it is the one and only really easy to navigate forum with a wide scope of topics. What i don't get is this in my eyes discriminative and bit salty offensive attitude on OF from some older members against dealers. In all honesty it kind of makes me thinking to turn away from OF. Some people around here don't know how to get as fast on the fence to throw salty comments at dealers and in all honesty i don't get it. There are some dealers who do shitty things which has been discussed in several topics here on OF ( search for Frankenwatches and dealers) but I personally rather have a positive attitude and give some feedback that is useful to a wider community.
I am telling the OP this because its my experience as a new dealer and i think it can be quite helpful to some of the new people who are over here. Not especially for the people who seem to be doing not a lot more then lingering around on OF shooting out wisecracks.
I am telling the OP about my experience from buying watches from several sources and the experience i got from dealing with watchmakers with whom i worked direct, indirectly and about the jobs of watchmakers that have been done according to dealers i have bought from. I think this can be very useful since it shows the issues and experiences from a day to day watch business.
I have bought on forums and on classified site watches also from consumers which had several issues which also started to occur after they came in and were tested by me. Why do you think a collector sells a piece? He wants to move a piece which is the least loved one (sometimes meaning with some issues....) He even might want to earn some money on it cause he wants to move up on the ladder. No watch collecting isn't the same as giving money to charity. So even buying on a forum can be risky. You don't have to expect after service when you buy a piece at a forum. Only when you have built a relationship with a forum member who has proven to be trustworthy.
I personally have had some watchmakers in the beginning, that i don't use anymore. I got some watches returned from customers. This can happen cause everybody makes mistakes, but when the rate gets too high i don't think thats a good thing. Getting a good watchmaker which is fast enough to do an appropriate job for the right amount of money is really difficult. There are many watchmakers out there and service centers who only work b2b and not for consumers. It takes time to get the right guy to find and even then they cant handle all types of watches or get their hands on all kind of parts. There are some (most often specialized) watchmakers who have a waiting list for 2 years. Those guys can be really good (most often quite expensive since they have a good name and don't have a b2b rate cause their collector clients pay the full price) but they are not good for my business. You want your stock to rotate as fast as possible.
For Cartier for instance, i can use my own watchmaker who does a complete service for easy to work on manual wound eta based movements for 150 euros (at a b2b rate), i can also send it to Richemont which cost me 450 (b2b). These rates will cost consumers times 2. This only makes sense for certain models where a service at a manufacture service center adds value and makes a watch sell faster. Depending on the rarity and complexity of the piece and price i will chose to send it to an original manufacturer service center. And sometimes this is better and sometimes this actually isn't. Recently i sold to a collector 3 Cartiers at once to one collector and one of those watches had just arrived the other day. I discussed this with my client what he preferred and gave him the price with a Cartier service or with my own watchmaker. He chose my own watchmaker and also handed his Rolex he got from his parents more than 20 years ago.
What Archer says is imho is not 100% true. If you have a car or a watch and it works fine, all the oil levels are great etc it doesn't make sense to do a complete overhaul or service. With a car you get a small or a big service depending on the condition of the engine or car. Sometimes it also does not make sense to do a complete service when you have for instance a modular chronograph movement you can also do a partial service and decide not to service the chronograph. it can also happen that a watch has been serviced 2 years ago and has an issue with a crown. Then it doesn't have to get a complete overhaul. Btw I advise my clients a complete service interval for 5 years.
So if you still think or try to suggest that i am a shady dealer thats fine with me.
The way how i treat my customers is the way how i like to be treated myself. That "do good and good will come to you" principle works fine with me. It would also be nice if it would work on this forum and if not i rather spend time doing things that benefit another community.
Btw OP if you are looking for gilt Longines Conquest I will be at your service (always be closing;-))
I think MOST people who read your comments can see that you are a classy and intelligent individual. Of course there are the other negative people who probably don't have many friends because they only see the negative aspects of life in general. As a new member, I was quickly "greeted" by some of the snarky kinds of comments from certain members, which at first was quite peculiar and bothersome, but then high quality and well-meaning comments also came from people (I wish I could remember some names besides Shabazz, Janice&Fred, MSN...)
 
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Most of the vintage dealers are doing it because they are passionate watch lovers, collectors, or watchmakers who want to earn more. I am not talking about grey market since I consider that business is more about pricing, shoving boxes and moving money. It has less to do with knowledge. For me it was a decision to do the rest of my life what I really like. I havent been that happy in my career since I could not find the single thing that really make me wake up and and be truly enthusiastic and passionate about. My wife started her own business 8 years ago and we decided to spread the risk a bit so that I could not start my own business at that time. So turning 40 I decided it was the right time to do it. Better late than never.

What I like most about dealing watches is that I love to tell the stories about cool watches and meet nice people. I have traveled many cities where I hadn't been before and I have met some really interesting people who I never would have met otherwise. That can be first time buyers but also seasoned collectors. I love it when people can be as enthusiastic about their first Flikflak and in the next sentence can talk about the accomplishment of their grail. When people are really passionate it's not about watches as an investment.

Little side note I would like to share; nevertheless since I graduated finance and investment I think it is very strange, but also interesting and sometimes even frustrating ( that watches I could have bought for....then and then!!) that watches have become a kind of luxury asset class. Recently a young entrepreneur came in to buy a vintage Speedmaster. He had grown his business in 5 years to a big operation with 40 people. He told me he invested all the years 99 cents out of dollar into his company and only just recently made some serious money. I have deep respect for such an entrepreneur. He told me with corona he only worked even harder and harder calling each clients with pure enthusiasm and motivate them to work harder. He told me "Wouter I want to invest some of my money into watches I think vintage watches are cool, can you help me?." To some of you this guy is spoiling the market, I think it is cool that he wants to buy some cool vintage watches instead of some poser cars.

This hobby is highly emotional. I have a postcard with the Geneva lake on my desk from a first time buyer, a young guy from I belief Vietnam who worked in Geneva where he admits that he is only in his twenties and that's it was his first watch that he bought from his first savings. he explained me what this watch meant for him and was thankful for it that and really happy that he bought it with me although we had never met. I actually sold the watch in a flash, and could have sold it 5 times that day since it was priced way too low. But this card will be in my office forever since its a milestone for me but above all for this customer. To me this is what it's all about. Creating memories. Those emotions are also the reason that we can get such kind of discussions. Sometimes it pisses me off and sometimes it gives you nothing but joy!

For me I am still building my business from scratch. So no, then you are not making a lot of money. You have to be a really smart guy to earn fast money in this business. Most of the people who earn a decent amount of money on a decent way are truly passionate WIS kind of people. I will invest every penny into my business and will continue to do so for the coming years. And I can tell you building a watch business as a one man show from scratch cab be quite tough. This is a risky business. Within a year that I was active with my company, my home was broken into by a bunch of burglars who were looking (without much succes since my watches aren't in my house) for nothing but watches. These are the risks you will be exposed to that you think about before you start, but don't expect to happen to you so soon. This experience also made me lay low a bit since I didn't want to attract too much attention. So the balance between marketing and safety can be quite challenging among others things.

So it ain't that easy to do it all by yourself as a lazy dealer😀. You have to be patient and stick with your beliefs. This year I planned to take the next step with an additional investment for an office/lounge/studio and co-worker, but corona made me re-consider since you never know what Q3-Q4 will bring elections etc. I love to grow but rather do that responsible since I have a family. Nevertheless there is worldwide a big influx of new collectors and I don't see the watch market going down in the nearby future. So if I continue to be positive and get you some insane watches, learn about it and spread the knowledge, this will be a nice experience! Sorry I am off posting some hot new watches!
 
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The top definition, using that link, would be below:

and only later it is defined as "original poster". In the context of fora, OP usually means that.

Am I the only one who took a while to realize that "GFY" didn't really stand for "Good For You".

When I did figure it out, well, was a bit awkward, both as a sender and a receiver. 😵‍💫 🙄
 
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Am I the only one who took a while to realize that "GFY" didn't really stand for "Good For You".

When I did figure it out, well, was a bit awkward, both as a sender and a receiver. 😵‍💫 🙄

Hey, I hit 200 posts!
 
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The top definition, using that link, would be below:

and only later it is defined as "original poster". In the context of fora, OP usually means that.
Thank you for the Original Poster note.
 
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Of course there are the other negative people who probably don't have many friends because they only see the negative aspects of life in general.

Wow, you've learned standard trolling techniques very quickly for someone so inexperienced with online forums. Something tells me this one may be toying with us.
 
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In regards to your question about brands, I think any brand is worth it if you like it and it is within your means. Unless you are planning on becoming a seller or something of the like I guess then you need to look at it differently. I just like watches, some that everyone likes, some that people think are crap and everything in between. You find out what you like as you go along. As far as Chrono goes I never bought from that site. Anyway good luck with everything.
 
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Wow, you've learned standard trolling techniques very quickly for someone so inexperienced with online forums. Something tells me this one may be toying with us.
No that’s not trolling that sums me up pretty well. (Meant to refer to the OP’s quoted post.
 
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Wow, you've learned standard trolling techniques very quickly for someone so inexperienced with online forums. Something tells me this one may be toying with us.

Either that or he's got your number 😁