Hi everyone, good evening! I’m selling my DJ 41 and need some advice. It’s my first time actually selling a watch. I’m wondering how does that work. So let’s say i’m selling it to a well-reputation private dealer, if we meet in person (which I guess is safer?) do I just gave them the watch and meanwhile they wire me the money? Can they cancel the bank wire from their side? Any pointers would be appreciated. Thanks you so much in advance.
This account is verified. WatchCrunch has confirmed that this account is the authentic presence for this person or brand.
Cash is king... I've never sold any watch that expensive before, but I've sold cars. Ive always done it in person and at a bank. Cash or cashier's check would probably be best. Crypto currency could also work fine, if you use it.
Where abouts are you. I know of a chap who has a shop that buys and seal watches. I bought my Tudor Pelagos from him. He works by either visiting him direct at his shop or via secure postage and bank transfer. He’d be able to give a confirmed price pretty much by looking at detailed photos etc
You can probably see the bank transfer into your banking app pretty much immediately. That's how I sold my last car.
Depends on where you are but there are apps that show you at which point a transfer is irreversible by the sender and there are also apps (like Swish, in Sweden) where the money exchange from their bank account to your is instantaneous. That how I buy and sell everything over here.
there are also websites like Chrono24 and eBay of course, but they typically have terms that strongly favor the buyer, so if there’s a dispute it could be bad for you. It’s hard to beat an in-person exchange in a neutral, safe place.
There are generally 2 routes you can take:
In the case of your Rolex DJ41 the Wimbledon dial is very desirable, and assuming it's newish and in very good condition you're probably not going to lose money even if you sell to a gray market dealer (but you might not make money either).