Rolex GMT 2 - value ??

[Wilmslowboy]

Selling my Rolex - sent the details to a trader to see what he comes back with.
However with recent Euro/pound moves etc, I have lost all touch on what I should expect - any ideas ??

I'm thinking 70% of retail ?? (but can not settle on what retail might be)

1998 - worn daily for 15 years (on the shelf for the last 2) - so loads of wear / age related fine marks/ scratches - red part of the bezel is a bit sun bleached.

all boxes/ tags, etc
(Black/ Red Bezel)

and for you serial geeks ...hoping you will tell me its an ultra rare year ...with an extra super movement and it's worth a gazillion

Edited by Wilmslowboy on Saturday 12th November 13:03

[dom9]

I'd be interested in the responses...

My Coke GMTII has sat in a box for the last 2.5yrs, having been service 3yrs ago at Rolex.

I'm tempted to chop it in and 're-invest' the money into my 106 XSi project.

Having said that - It would also be nice to pass it down to a (future) Jnr9.

[anonymous-user]

I'd say between 40 and 60 per cent of retail depending on their stock levels of similar watches and whether they have a buyer lined up.

I'd say for an older watch that isn't particularly difficult to get gold of it will sit in stock for a while so towards 50.

[Wilmslowboy]

desolate said:

I'd say between 40 and 60 per cent of retail depending on their stock levels of similar watches and whether they have a buyer lined up.

I'd say for an older watch that isn't particularly difficult to get gold of it will sit in stock for a while so towards 50.

Thanks - 50% of used selling price ??,

Watch finders has a 1998 for sale (space colour and boxes etc) at £5,950 - do you think they will only offer £2,975 for mine ?? and expect a 100% mark up (50% margin on their selling price ??)

I was hoping they worked on 30% margin (50% mark up) and therefore offer C£4k

lets see what they come back - if it as you suggest ebay may be the best route

[clockworks]

Do you have a local independent jeweller that has secondhand watches in the window? See if they sell on commission. You'll get a better price than for a straight purchase, but will obviously have to wait until a customer buys it.

My local jeweller works on a 20% cut I believe. Seems to work well, as they don't sell expensive new watches, just a dozen or so used Rolex, Breitling, Omega, etc.

[anonymous-user]

I think 50% is about right.
Maybe a bit more on a steel sports rolex.
Each shop may be different though.

Sale or return with give you more. As would an exchange deal.

If you were selling privately I would try here and Timezone before ebay.
Just choose buyers with exceptional care

[Wills2]

Wilmslowboy said:

Thanks - 50% of used selling price ??,

Watch finders has a 1998 for sale (space colour and boxes etc) at £5,950 - do you think they will only offer £2,975 for mine ?? and expect a 100% mark up (50% margin on their selling price ??)

I was hoping they worked on 30% margin (50% mark up) and therefore offer C£4k

lets see what they come back - if it as you suggest ebay may be the best route

That one looks pretty mint, you've got to factor in how much it'll cost to get yours mint and the value they place on being able to do that, then put it up for sale and wait for a buyer at £6k.

The raw purchase price won't be what the watch ends up owing them by the time they've finished.

[traffman]

I sold my Rolex Sub to Watchfinder for 3 grand , i paid 3.5 grand for it.

It was about the same age as yours.

I would have thought you may get around 4 plus grand on Ebay. You say the bezel is sun bleached , collectors get all moist over patina these days.

Join some of the Rolex forum's and see what response you get.

If its original nick then you could get a collector paying more.

[traffman]

Oh and its never been polished? Has it?