Why His Patek Lost £6,550

[@comeonman7423]

The Calatrava looks absolutely stunning 😍

[@beerkegaard]

Sell to a dealer, get robbed

[@JARRODLEE-f8w]

Exactly just keep your watches.most are professional conmen

[@JARRODLEE-f8w]

Basicallythe same as car salesmen really

[@JARRODLEE-f8w]

Rolex is so par se these days.Jump into a vacheron boys

[@JammyDodger45]

@@JARRODLEE-f8wi think you mean passé 😁

[@CorneliusRushtie]

They're all doing you a favor, taking it off your hands lol

[@arsenalant1984]

Absolutely disgusting they have that 39mm explorer 2019 online for £6,950 . And they will only offer £4,000 even with £500 spent on it there making £2,500 that’s over a 50% markup don’t sell or buy from these chancers rip off merchants and that john is a right clown !

[@Syhbw]

Somebody got to pay these grey dealers’ lifestyles.

[@Liztrusslover]

They got overheads, tax/vat etc, he doesn’t have to sell to them 👍🏻

[@willburrows8834]

That’s business. Buy for a dollar, sell for two. This business has a platform to sell watches with a massive reach to customers. People can always do things themselves, from building a house to handling their own legal and financial affairs, but the time and risk of doing so is often not worth it.

[@jamescain5911]

I can't believe they held him at gun point to do it! Oh no wait. They just gave him an offer and let him walk away. Looking at eBays completed listings these are struggling to sell for £5.5k in better condition. If it is a bit beat up like he said he might get £5k on eBay. Minus fees that's £4,325.

[@matthewdale956]

@@jamescain5911 how much are ebays fees ?

[@johnpeters4268]

explorer, seamaster, grand seiko and santos, that guy had a great collection!

[@CelebGMZ]

£17k consignment that's £10500 gone

[@obers7713]

I can’t understand dealers that are shafting customers at both ends of the deal. For me do your research and take your custom elsewhere as this model is not geared up for repeat custom and loyalty. They know what the watch their selling stands then at and if there are getting the price they’ve asked then happy days. To nail your client on part exchange just doesn’t sit right with me and customers should vote with their feet. After a polish and tidy up no one has an issue with then getting a drink out of the deal but to be trying to nail people for over 2k is a disgrace!!

[@Quagmire925]

Yeah its a disgrace to make a profit and pay wages, rent and rates!

[@obers7713]

@@Quagmire925 yes correct nailing your customers at both ends means you’ll struggle to pay wages longer term as you’ll get no repeat business or word of mouth recommendations. If only there strategy was like yours eh 🙄😉

[@johnprosser5035]

£4k for a 39mm Explorer..... That's ridiculous even with the scratches!!!

[@cryptonewsYo]

ehm ever hear about polishing? i make any scratched watch brand new

[@gaffs82]

That’s a $100 polish job. Just lying to the customer there.

[@JammyDodger45]

He clearly says it has "multiple chips" and a "massive ding" so that's not in need of just a polish.

[@jamescain5911]

​@@cryptonewsYoyou can't polish out a ding. Not without changing the shape of the watch. It requires laser welding.

[@jamescain5911]

I don't think it's crazy. Look at the ones that didn't sell on eBay. One recently didn't sell for £5.5k in better condition and eBay fees are 13.5%.

[@stevenorris1]

The calatrava is the best patek imo, i bought it in switzerland, it was the right size for me, and it had entirely hand finished movement. Better than the annual calendar. Now, I'm curious to see how much it's worth today, so I'm planning to do a little research.

[@jackwpetrov]

Great that will fetch you some cash. *I used to be a collector, but I liquidated my collection to venture into real estate. In January, I acquired homes in Malibu for $45million, and the returns on investment far exceed what I earned as a collector.

[@grahame7954]

I think a lot of the comments here are completely misplaced. First of all these guys have a business to run, they are running it for profit, not for charity or for your entertainment. As such they have to pay salaries for multiple staff, rent, rates, overheads. Seems everyone forgets the cost of their inventory - I don't know how that's financed but if you add up the total value of their watches it's a staggering sum which is either lent by some rich investor for a rate of return or by a bank. Point is these employees didn't wake up one day with 1 million pounds to spend on watches. The watch you are all angry about is a cheap rolex (not cheap in money terms but cheap in terms of rolex price points), so calling out percentage markups is as dumb as that comment. If they actually operated on a 50% markup then the Caltrava would be 40k etc. In summary get back into the real world commentators......the bloke who used his explorer as a football is disappointed not to get top dollar, sure, but he doesn't have to sell it to them and he did not sell it to them. They don't want it because it's a beat up watch, and they have a better one in stock already. In a falling market where they run a business for profit with substantial overheads their pricing was/is appropriate.

[@willburrows8834]

The people making the comments don’t understand basic business economics.

[@sparlinsahim]

Love mamacoo the way you show it! You really focus on showing off the watch. I don't think any other KZbinr can show off watches in as much detail as you.

[@ebshaw5974]

Very nice

[@casualbynature5059]

People bitching about the dealers buying low and selling high must obviously work for nothing and not know how expenses work when running a business. Thanks for the content chaps

[@zegervanaschvanwijck7749]

Everybody needs to money to pay the bills, but I think not everyone is on the same page how much is enough profit.

[@Quagmire925]

How much is their shop rent and rates? An expert like you should know?

[@casualbynature5059]

@@Quagmire925 you can do it better than they are doing it. Give it and go and see how you get on. The market will decide who is better.

[@P8REN]

Why do you think the platinum pieces cost so much more than full gold pieces? Yes, platinum is a rarer material, but it's also a lot cheaper than gold. Gold is circa £59 a gram whereas plat is around £26 a gram.

[@JammyDodger45]

Platinum is much harder to work with than gold. Also it's 'off-cuts' can't be reused without being refined (anyone can smelt gold) so it's labour unit cost is that much higher.

[@jonnylons1]

Oh my God! That Calatrava (currently £28,620 new), barely worn for 17k…he lost £500-700 every time he wore it! The guy must have more money than sense, he talked himself down to a lower level than they were going to suggest and let them take a £4K margin for selling it with no risk to themselves! Also “I think that’s very fair”. I’m sorry mate, that isn’t fair, it’s worth more and you know it’s worth more, and £4K to sell it with no risk is ridiculous.

[@RW-Toiya]

Only the used watch dealer makes money. The seller get a new hole. Everytime 😢 buy what you like and afford to keep.

[@londonman8688]

never consign

[@zendaya2470]

Try to sell its to wearer instead so you don’t get rip off.

[@Milofchg]

Dude lost way more that £6k. Brand new that’s a £29k watch

[@londonman8688]

sell it as cheap as possible ??

[@jeeves951]

A lot of hate on here about buying low selling high. There not a charity there trying to make money I don’t really see the issue. Thats for the consistent uploads.

[@ryanbanks4265]

Why on earth would a guy choose to lose 6000k on a calatrava to then look at a tt rolex.. haha.. these dealers probably love customers like this.

[@infernogamers168]

The cheaper it is the quicker it would sell…. Christ 😂

[@Richard-y5u]

Guy should have just bought a Pepsi and he wouldn’t have lost any money.

[@Milofchg]

The watch market is Dead!!!!! Stop being suckers

[@jamescain5911]

Some people don't buy to make money. Which makes the dropping watch market prices great for us.

[@David-yd6ur]

Explain what you mean. Try getting a desirable Rolex watch new and see what happens.

[@Milofchg]

@@David-yd6ur I have a few of them recently. Rolex AD are getting stock again.

[@David-yd6ur]

@@Milofchg Which models are those?

[@Mac_F87]

@@Milofchgyeh, of course you have…🙄

[@JH-Baksh]

Watchtrader first is stuggling to breathe. Please, please get him to join the gym.

[@ListenToPowerViolence]

People bitch and moan about Rolex raising gold piece prices. Name a watch brand that makes cheaper solid gold watches.

[@Anonymouslyme1]

Longines, you can buy an 18k gold watch for under £5k.

[@samuelburton5576]

Good point. Rolex prices for their gold pieces are undervalued compared to their competitors. People gravitate to the steel models due to lower prices and then bash Rolex for gold watch prices , which are fair prices actually.

[@ListenToPowerViolence]

@@Anonymouslyme1 With bracelet?

[@jamescain5911]

Tudor

[@Anonymouslyme1]

@@ListenToPowerViolence you didn’t qualify with or without bracelet buddy

[@antonellowailes]

I bought this popular video watch from mamacoo , which was originally priced at a few thousand dollars, but now it's only $380! It's really suitable to pick up feces!

[@ripsapollonia]

mamacoo 's watches are worth it！