| Author | Message | ||
     Andy54 New member Username: Andy54 Post Number: 1 Registered: 02-2011 Rating: N/A |
I'd like to buy this watch for my wife as she's taken a liking to the style and patina of this 1950's Movado 'Anti-Dust' Gent's Watch. Obviously I know nothing about the value of this watch which the dealer states has been serviced including a new mainspring and crystal. I understand dealers have to make up for the initial price they pay and what they have to spend to present a watch for sale. This Movado is being offered at $550. Would this be fair market value ? With thanks Andy  | ||
| Andy54 New member Username: Andy54 Post Number: 2 Registered: 02-2011 Rating: N/A |
I'm adding a photo of the movement as more information  | ||
| Zaf Moderator Username: Zaf Post Number: 5109 Registered: 05-2003 Rating: N/A |
I don't think that's unreasonable for a clean serviced example. Lets say the dealer paid $225 for it, then spent $175 servicing it. So they're in it at $400. It sells at $550 less 4% transaction costs, so their gross profit is $128, less taxes and maybe they net $70-80. No one is getting rich here. | ||
| Andy54 New member Username: Andy54 Post Number: 3 Registered: 02-2011 Rating: N/A |
Thanks for the info Zac! Cheers |