Watch buyers of general Hong Kong

 

What do you think most of the general Hong Kong people concerns on buying watches?

1. Price

2. Price

3. What's they are buying?

4. Who they are buying from?

You know what I am talking about.

Smart buyers consider:-

1. What is buying?

2. Who is buying from?

3. What is the price?

Smart buyers are usually experienced watch collectors, expert and watch gurus, they are buying watches they like rather than those watch in hype. Smart buyer may not be a Rolex fan, of course there are exceptional, as some are good Rolex worth our buying, but not those new one recently made within 2020-2023. Exceptional items such as GMT White gold 116719 Meteorite, Daytona Meteorite, may be a first edition Pepsi Jubilee 116710BLRO Blossom red bezel. 

After ten years smart buyer' watches may appreciate 80% of the value they bought. That could make a big difference. 

Another guy i know he is keen on buying Cartier Crash, he may have 6 pieces from Pink Gold, white gold and yellow gold with diamond from $200,000 to $400,000 he nought between 2010-2022.

How all they watches have been appreciated 250% as an average, that is a great deal!

Well, to me, I keep on buying from friend who likes to sell me as I promise of one day I sell the watch, I will ask him first... this is an important commitment to the seller and that is most of them like to sell me.

HK Snob 

Common buying practice of watch in Hong Kong.

I am not trying to blame buyer, there are 80% good buyers, though there is some minority which are not too good. I know the complexity of the buying people‘s mind set sometimes they are confused, they are struggling why have to buy the watch in the open market via these trading platform such as eBay or Carousell, facebook, or eBay.

Especially in Hong Kong, those younger at age group between 24-38 years old many of them are quite lost in mind, as gathering from friends and watch sellers I know these are the quite common...

1.   Some of them are not serious buyer, some of them click your product as he wants to try luck to buy lucky go cheaper goods. They are not serious.

2.   Many of them would like to understand more on the product and he makes use of it to ask you questions only.

3.   Many of them want to buy but in over cautious way that he ask too many questions.

Don’t fall into the psychological trap that asking more meaning they are more interested in buy, they just don’t know. 80% of them don’t buy.

4.   Sometimes, we need to test them by providing a slower response and see if they stop interested in your products, and ask them experience on your products, as they might be empty on the knowledge on your product, they you can provide them more technical information of our products, and If they are serious then they will come back to you.

5.  These are common no buy signals:-

Let me think about it

Let me consider it

Can you further reduce the price?

6.   These are professional way to refuse your products

Oh I forget to ask, do you have the original invoice at Rolex (it has been stated no invoice)

I just noticed that there is a stain on the dial, Let me rethink about, (Actually there is no rusts at all)

Oh, my girl friend had just informed me she is pregnant and I need to save money for that!

7.   Scammer (most likely)

a.    Do you accept cheque?

b.    Can you meet me at 0300 morning ta Sham Shui Po Ap Liu street!? I pay cash for your two Daytonas

c.    She says she is busy at meeting suddenly and she sends his younger brother to trade with you. Please call his number to arrange. (beware)

8.   Why so cheap?

There is only one in 100 that asks why your products is so cheap, he might not buy also and

This is a most hilarious reply from one of my partners to this weird buyer.

“Because of COVOID-19, all my family member died and I need money to arrange their funerals! (This is a real one!)

 Have a nice day

 HK Snob