Hong Kong sellers and buyer

Hong Kong watch trade group, behavior and funny buyer practices

Here and there are a lot of way for people connected for watch sale, namely fb, IG, Carousel, WhatsApp groups, etc.

These are dealers that they have set up a lot of watch Whatsapp groups

1.        “HK dealer groups” (247)

2.        “HK serious watch dealer group” (247)

3.        “HK dealer Vintage and used group” (247)

4.        “HK dealer vintage and used group” (247)

5.        “Trusted dealer Europe” (246)

6.        “Watch jeweler and parts “(217 )

7.        “Audemars Piguet only” (136) 

(Bracelet shows the number of members in the group) 

The very first host is an Italian who started this in 2018. And many other people just copied and set up another group on their own and run.

For these groups you place two pictures and name a price and within few minutes someone will reply you if they want to buy.

These are mainly for dealers in Hong Kong and overseas. I think the daily trade volume is average HK$10M.

From these we can see roughly the trading price of Rolex hot models and on and off the most popular is Rolex, Patek Nautilus, Aquanaut and some AP, recently months Vacheron is coming up actively.

Carousell

This is in fact a good channel to trade, but this is not purely for watches, they have all other things such as toys bags, shoes, toys etc… so it is a bit confused, but never the less you can search the watches you want and with a few seconds you can see what you can buy.

Take note that you have to find those with high rating before you approach them, those without any trade record or without any good rating you have to be very careful as they might be scammer, and not a reliable buyer or seller. Everyone was once a beginner, they many have good people, but just be careful.

Funny response from the buyer:-

1. I really have heart to buy your watch, just I don’t have time!

2.   2.I like to take your offer, but my wife rejected me to buy!

3.   3.How come your watch does not come with warranty paper, is it a stolen watch.

4.   4. A few years back like 2016 someone had encountered a Australian asking a Rolex Submariner 116610LN and he quoted him price which is higher than MSRP by that time, he named as Simon was becoming insanely rude and said my friend was a scammer, and wanted to report to police.. my friend blocked him as he did not want to waste time explaining him at all.

5.  5.Recently there is one cases which was actively discussed in fb, there is a HKer guy who has a Daytona 116520 and asking HK$290,000

He will ask you to 100% transfer the money at his bank account, then he will show you the watch wearing on his wrist!

Wow, who will dare to do this silly things… as once money is transferred, he can run away.

6.  6. There is a buyer who had agreed everything that we will trade 2 days later with my effort to get the buyer…everything is fixed, but 24 hours before the transaction time, the seller called me he has sold his watch already. This is not a gentlemen's deal.

HK Snob