False Indications of Interest: Some low-ball buyers may pretend to be highly interested in a watch and engage in extensive discussions with the seller to create the impression that they are serious buyers. However, their intention is to negotiate a significantly lower price or take advantage of the seller's desperation to make a sale.
Offering Unreasonably Low Prices: Low-ball
buyers may intentionally make absurdly low offers for a watch, well below its
market value. Their strategy is to start negotiations at an extremely low
point, hoping that the seller will accept a higher price that is still lower
than the watch's true worth.
Threatening to Walk Away: Another tactic employed by low-ball buyers is to threaten to walk away from the deal if the seller does not agree to their desired price. This approach relies on pressuring the seller into accepting a lower offer to avoid losing the potential sale altogether.
Highlighting Flaws: Some low-ball buyers may exaggerate or fabricate flaws or defects in the watch to justify a lower price. By pointing out perceived issues, they aim to negotiate a reduced price, even if the flaws are minimal or insignificant.
Cash Offers: Low-ball buyers might offer to pay in cash as a way to entice sellers into accepting a lower price. The promise of immediate payment in cash can be appealing to sellers who want a quick sale, potentially leading them to accept a lower offer.
Low-ball buyers have been attempting to negotiate with incredibly low counter offers, sometimes even as low as 50% of your listed price. They are extremely particular, claiming that your Rolex lacks papers or a white tag, despite the fact that you haven't mentioned those details in your post. They insist that the watch is used, even though you have already indicated its condition.
Furthermore, it is perplexing why they would mention the watch being used again when that fact has already been established.
Some low-ball buyers argue that their own buyers are extremely wealthy and suggest that you should offer a larger discount based on that. In my opinion, if their buyers are truly affluent, it would be more reasonable for them to purchase a brand-new watch from a boutique. It seems somewhat amusing that they are interested in buying my $20K watch.
To protect yourself as a seller, it's
important to set a realistic price range for your watch based on its market
value and condition. Be prepared to negotiate, but also be firm about your
bottom line. Trust your judgment and don't feel pressured to accept an offer
that you're not comfortable with. Consider seeking advice from experienced
watch sellers or appraisers to ensure you're pricing your watch appropriately.
Remarks I found a funny one, please check
yourself above.
HK Snob
No comments:
Post a Comment