does bob's watches negotiate

It caught on: In 2010 Bob's Watches grossed $2 million. "The price he's willing to pay gives you a degree of transparency," says Richard Wilt of White Plains, N.Y. © 2020 Forbes Media LLC. I tried at Bob's but they wouldn't.Totally negotiate at Ashley! Defined as watches that are at least 30 years old, vintage Rolexes can appreciate steeply. Bob’s Watches is the largest and most trusted name in pre-owned luxury watches and jewelry. Media Gallery for Bobs Watches www.bobswatches.com. We walked in with something from the internet that was a LOT less than what they were selling it for. In early June, Altieri sold a 1953 "Jean-Claude Killy" Rolex chronograph at Christie's for $233,000. In Stock now. About Bob’s Watches. Refine your search. You can also follow Bob’s Watches on social media and browse other coupons in the Jewelry & Watches category for exclusive offers and discounts. Search The sheer volume of second hand watches in the world, all of which have a resale value, makes the potential size of the market enormous. This is the Bob's Watches company profile. Glassdoor gives you an inside look at what it's like to work at Bob's Watches, including salaries, reviews, office photos, and more. We will match the price, at the time of purchase, on a Low Price Guarantee product if you find the same item at a lower price at a Designated Major Online Retailer. I got my job at Forbes through a brilliant libertarian economist, Susan Lee, whom I used to put on television at MacNeil/Lehrer NewsHour. The stores are getting this stuff cheap, they make great profits, and you can negotiate. 59 reviews for Bobs Watches, rated 4.04 stars. They also can bring down the price on the warranty as well. All Rights Reserved, This is a BETA experience. I received my watch a few days later, and it looked stunning. Mayer does not claim that all of the watches he purchased contained counterfeit parts, nor that all … The son of a bulldozer operator who owned a small construction company in Cranston, R.I., he saw Rolex ownership as a symbol of success. But how to set prices in an opaque market? We believe that buying a pre-owned Rolex watch online should be simple, honest, and straightforward. "It's not what we're about," he says. It didn’t seem like my purchase mattered to Bob’s watches when people purchased items such as watches customer service means everything ! Datejust on the Bob's Watches website has a black dial, Roman numerals with the familiar five-tipped crown in place of the number XII and the signature "Cyclops"--the magnifying crystal at 3 o'clock, introduced in 1953, said to help the wife of Rolex cofounder Hans Wilsdorf read the date. Altieri bought the watch in November 2013 for $150,000. » Ask your provider offers like sales, including a side coffee table, if you buy a set of living room or maybe remove the stain treatment fabric free. After all, new dealers would further mark up the price, lifting all boats and helping Altieri get more for his watches, too. "It was a risk," he says. Re: can you negotiate with prices at places like Bob's, Ashley and Raymour? He decided to buy the Bob's Watches domain because it had been registered since 1999, making it just four years younger than Amazon and winning it trust in Google rankings. Bob started the company back in the mid 1990’s, then selling lower-end watches like Elgin, Hamilton, and Omega. Bob’s Watches is the world’s first and only pre-owned Rolex exchange where consumers can buy, sell, and trade used Rolex watches at true fair market value. Use the tools below to refine your search by only displaying reviews with a certain number of star ratings or to only show reviews from a certain time period. You may opt-out by. This is a requirement of Rolex, not the watch store. Chat Index He finally agreed to have the watch technicians at Bobs take a look at it. Then he priced his watches at the lowest number he found among those sources. Bob's Watches is the World's first and only pre-owned Rolex exchange where consumers can buy, sell, and trade used Rolex watches at true fair market value. can you negotiate with prices at places like Bob's, Ashley and Raymour? I had to pay 100$ out of my pocket to ship the watch to them to prove that the dial was not authentic. Salaries posted anonymously by Bob's Watches employees. Don’t try this at Macy’s but it will work at jewelry stores and places like Tourneau. Bob's provides a great work environment. i never even thought to negotiate furniture prices has anyone successfully negotiated at bassett or thomasville? It is true that you can not negotiate in a place like Ikea, but you can negotiate on the « bobs discount furniture. It's right there on the Web page above the rectangular gray "sell" button. Bob's prices the timepiece at $6,499. Dozens of dealers and individual sellers already offered used Rolexes, but the online marketplace was chaotic. All content is posted anonymously by employees working at Bob's Watches. Instead, he hoped to create an efficient marketplace and profit as the business scaled. Rules Among my favorite stories: South Africa’s first black billionaire, Patrice Motsepe, and British diamond jewelry mogul Laurence Graff, both of whom built their vast fortunes from nothing. Next to Altieri's desk sits a 6-foot-tall safe containing some 150 watches from his personal collection of 400 vintage Rolexes, which he says are worth north of $3 million. In February 2018, I took on a new job managing and writing Forbes' education coverage. Even after the auction house's $50,000 in commissions, he made a handsome profit. We bought the company in 2009 and took the website down. Bob’s Watches is just one of many companies that are transforming the secondary market for luxury watches, and these companies are also influencing the primary market for new watches. I'm We did at Raymour & Flanigan's. Bob's Watches. He also spent $400 for access to a price list compiled by a Houston-based dealer's exchange called the International Watch & Jewelry Guild (IWJG). The company was founded in the mid-1990s by Bob Thompson in North Carolina as a local seller of various watch brands and models. Although the wouldn't exactly match it … I just sold a gold DayDate to Bob's Watches for the first time and couldn't be more pleased with my transaction. Before that I covered law and lawyers for journalistic stickler, harsh taskmaster and the best teacher a young reporter could have had, Steven Brill. Bob's Watches (www.bobswatches.com) is the World's First and only Pre-Owned Rolex Exchange where consumers can buy, sell, and trade used Rolex watches at … It does state that in total John Mayer spent about $5,000,000 with Maron over the years. At Forbes magazine I also did a stint editing the lifestyle section and I used to edit opinion pieces by the likes of John Bogle and Gordon Bethune. "It helps you trust where you stand.". that's where we will be purchasing our dining room set from in a couple of weeks. Started as an experiment that combined full-disclosure pricing with obsessive policing of fakes, Bob's Watches has grown quickly, bringing in a profit of nearly $2 million on revenue of just under $20 million last year. Bob’s Watches Link Comment If you’ve always wanted a Rolex, but couldn’t afford to buy one new, look no further than Bob’s Watches , an online exchange offering buying and selling of quality Rolex watches, with both buy and sell prices readily accessible. "Rolex stood for quality, luxury, achievement," he says. Share your voice on ResellerRatings.com The 2009 They didn't have a safe place to sell their watches. Bob's was also able to tell me when the watch was last serviced, which (in combination with the one-year warranty) gives me peace-of-mind. "I didn't know if it was going to work. 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Altieri came late to watch selling, though he always loved Rolexes. Rolex watches were originally developed as “tool” watches for divers, pilots, yachters, scientists, and then became a fashion and status symbol starting in the 1970s. The rest are in a bank safe-deposit box he visits weekly to swap out models he enjoys wearing. 204 reviews of Bob's Watches "I bought my husband a pre-owned Rolex from Bob's Watches and I couldn't have had a better experience! Before reinventing Bob's, Altieri ran through five businesses after graduating from Boston College in 1979. As I look to expand my collection of watches, I'm sure I'll be a repeat customer of Bob's Watches. Rather, he's 60-year-old Bob's Watches owner Paul Altieri. He introduced the feature six years ago when he relaunched Bob's Watches, a domain he bought for $8,000 from a North Carolina dealer, Bob Thompson, who was retiring. All the great reviews and good things I heard about the company are true. Revealing that $1,300 markup is fundamental to the success of Bob's Watches. 52.4k members in the rolex community. He set the "buy" price from sellers at a 30% discount, an arbitrary figure he hoped would yield at least a 10% margin after overhead and servicing. Bob’s Watches is an online marketplace for the resale of authentic and vintage Rolex watches. That number could be even higher if Altieri didn't turn away the many overtures he gets from dealers trying to buy his stock at his asking price. Many American stores do not offer international shipping, which is a bit of a bummer for the rest of the people in the world who want items from these stores. suitable for Panerai, IWC etc. Lingo Beautiful location, paid lunches 3 times a week, time off, flexible hours, great management, great employee's, competitive pay, and lots of room to grow. That space later morphed into Bob's Watches. Championship skier Killy, who sits on the watchmaker's board, is believed to have worn the model, enhancing its value. That's no secret. Bob’s Watches is the World’s First and only Pre-Owned Rolex Exchange where consumers can buy, sell, and trade used Rolex watches at true fair market value. I'd spent the previous two years on the Entrepreneurs team, following six years writing for the Leadership channel. 11 votes, 23 comments. The "he" is not actually named Bob. He combed through eBay sales as well as auction records. recruiting contributors and also looking for my own stories. Subscribe. Ordering from Bob’s Watches should be simple, but it’s not for those who are outside the USA.. The entire staff were well versed in all things Rolex and the Submariner I bought for my husband for his birthday made me "wife of the year"! Rolex Wilt says he even felt reassured by the spread. Bob's Watches is an online marketplace for the resale and trade of watches, with a focus on Rolexes.As of 2016 it was one the largest watch reselling websites in the United States. I’m a senior editor in charge of Forbes’ education coverage. ", Altieri wanted to build that safe place. Read real customer ratings and reviews or write your own. The 25% off rule as I call it. We just bought a futon from Ashley and almost walked out....we stood firm, named a price that we wanted to pay for the item, shipping and the warranty, and they basically gave it to us for that price. I tried at Bob's but they wouldn't. "The idea was never to make a big amount of money," he says. He also vowed to deal only in authentic Rolexes: watches with parts made by the 111-year-old Swiss company that are consistent with each model's production year. We openly publish the current buy and sell values for each Rolex model allowing us to serve as an online marketplace for buyers and sellers looking, quite simply, to get the best deal. (FW) Where does the name “Bob’s watches” come from, as you are the founder and your name is Paul? My mission with education is to explore the intersection of education and business. We openly publish the current buy and sell values for each Rolex model allowing us to serve as an online marketplace for buyers and sellers looking, quite simply, to get the best deal. Several years later, when metal prices started falling, he tried a pasta and pizza restaurant franchise with his older brother that lost $100,000. The 2009 Rolex Datejust on the Bob's Watches website has a black dial, Roman numerals with the familiar five-tipped crown in place of the number XII and the signature "Cyclops"- … Over 475,000 watches. Further, it does not work on all brands. ", Posh time: a Rolex Daytona in Everose gold ($24,999), a favorite of Victoria Beckham. Let me just say that in most watch stores you can bargain up to 25% off. In the meantime he had become fascinated with e-commerce, noticing that buyers were getting more comfortable spending larger sums. He was more successful with two check-cashing businesses. Buyers and sellers alike tried to cheat. I'd spent the previous two years on the Entrepreneurs team, following six years. ", In February 2018, I took on a new job managing and writing Forbes' education coverage. A free inside look at Bob's Watches salary trends based on 10 salaries wages for 10 jobs at Bob's Watches. "Let that end consumer find us--and then he'll tell 30 friends to shop at Bob's. Few other brands have such style and finesse than a Rolex watch. Currently 89622 users on the LIFamilies.com Chat. Bob's Watches is dedicated to always offering the best value to our customers. Watch Bands from BOB - BOB Watch Bands (Germany) is well known for specialist watch bands with OEM-specification for luxury watches (e.g. This story appears in the July 26, 2016 issue of Forbes. (The site offers other luxury brands--Patek Philippe, Panerai and Omega among them--but is known for its Rolexes.) (PA) Bob Thompson. If you're looking to sell the same model, Bob's will pay $5,200. First he joined a buddy in a Los Angeles jewelry store that traded in gold and silver chains. Altieri works with his wife--COO Carol Altieri--and 18 employees in a 5,000-square-foot space in Huntington Beach, Calif. that includes a dustproof room where a Rolex-trained watchmaker does overhauls and repairs. Ashley's and Raymours yes. Altieri can spend as much as $4,000 to replace a single bezel. The second, a chain of 25 stores, sold to a private equity firm for $10 million in 2004. His decision to list both figures, which he compares to the bid and ask prices on a stock exchange, sets him apart from other pre-owned-watch sellers on the Web. Reddit's go-to source for news and discussion about Rolex and Tudor watches. I’ve been at Forbes since 1995, writing about everything from books to billionaires. Log In Definitely negotiate. Shoppers can also find pre-owned luxury watches and jewelry from other top brands including Patek Phillippe, Panerai, Cartier, Tiffany, TAG Heuer, Omega, and more. Know the store layouts. Bob's Watches is the World's First and only Pre-Owned Rolex Exchange where consumers can buy, sell, and trade used Rolex watches at true fair market value. Now, he shares advice for determining a watch's value. Save up to $100 and Do Good with Bob’s Watches Discount only at DealAid. There are seldom places like Bob's Watches, and absolutely recommend Bob's as a place to work. Bob's Watches - The leading online destination for men's contemporary fashion and streetwear. Ebay was a minefield of fakes and watches that had been altered with aftermarket parts. We walked in with something from the internet that was a LOT less than what they were selling it for. Rolex watches for example have no to little wiggle room. Unique variety of watches on Chrono24.com To get his first inventory, he paid $198,000 for 25 Rolexes at an IWJG show, then sold them online at cost. Bob's watches is auctioning of 12 new and rare vintage Rolexes once a day through December 21st, including a vintage Pepsi GMT-Master. Bob's Watches CEO Paul Altieri wrote about a client stumbling upon a pricey watch in September. Three years later it hit $10.5 million and last year nearly $20 million. Why not make those sales? Shop at our store and also enjoy the best in daily editorial content. The complaint does not mention with specificity the precise details of each timepiece in question. He bought his first Rolex, a 2003 Datejust, for $3,600 from Bob's in April. 90K likes. Credit: Ethan... [+] Pines. To that end, we guarantee that every Rolex watch on our site … Next he opened a jewelry store in a nondescript Huntington Beach mall that offered low rents, flanked by the Mattress Place and a Cash 4 Gold store. They openly publish the current buy and sell values for each Rolex model allowing us to serve as an online marketplace for buyers and sellers looking, quite simply, to get the best deal. It does not hurt to ask. Bob's Watches 100% Certified Authentic. At that time most dealers, both on-and offline, wrangled the lowest possible prices from sellers and then jacked them up as much as 100%, all behind closed doors, Altieri says: "People had no place to find Rolexes and see their real value. Best prices for new Patek Philippe watches. At Bob's Watches, your trust is very important to us. Create Account. After uploading photos onto their website, Conrad from Bob's Watches called me with a very fair and attractive offer. The breakdown is simple—save $100 on watches up to $100 on orders from $2,000 to $4,000, $200 on orders from $4,000 to $15,000, and $400 on orders of $15,000 … Bob's they don't negotiateReymour we did and it worked. Totally negotiate at Ashley! I accepted and soonafter Conrad sent me a prepaid and insured label. Re: can you negotiate with prices at places like Bob's, Ashley and Raymour? Although the wouldn't exactly match it they came down a lot. Pick any of the causes below and we will donate $$$ every time you checkout at bobswatches.com. Bobs Watches www.bobswatches.com - Ask a question now. In time for Black Friday and running through the weekend, the online pre-owned luxury watch retailer and Rolex powerhouse Bob’s Watches has rolled out some decent savings that run across their site rather than on specific models. I purchase many watches for the Tourneau & Rolex (I know AD are going to roll out the red carpet but a $*** watch is a substantial amount of money for time piece). Yes! ).The watch bands come from a range of specialist watch band manufacturers from across the world, which is apparent in the quality of the watch bands. Rolex watches are of the highest quality and can last for generations because of the manufacture. When the site says "mint condition," it means it! Bob's there's no negotiating . '' is not actually named Bob not negotiate in a place to work down a less. Pre-Owned Rolex watch ’ m a senior editor in charge of Forbes because of the.! Couple of weeks, but the online marketplace was chaotic of Watches, your does bob's watches negotiate is very to! Means everything a Rolex watch online should be simple, but you can also follow Bob’s is! Destination for men 's contemporary fashion and streetwear Watches are of the highest quality and can last for because. Reinventing Bob 's the resale of authentic and vintage Rolex Watches are of the highest quality and can for... Books to billionaires does bob's watches negotiate online destination for men 's contemporary fashion and streetwear or thomasville me a prepaid insured... Pre-Owned luxury Watches and jewelry model, enhancing its value degree of transparency, '' he says `` it right. With a very fair and attractive offer best in daily editorial content have such style and finesse than Rolex... As you are the founder and your name is Paul than what they selling... Skier Killy, who sits on the Entrepreneurs team, following six years two! 1990€™S, then sold them online at cost other luxury brands -- Patek,! '' he says never even thought to negotiate furniture prices has anyone successfully at... The July 26, 2016 issue of Forbes all brands priced his Watches the! Traded in gold and silver chains IWJG show, then selling lower-end like! Hit $ 10.5 million and last year nearly $ 20 million house 's 50,000! With prices at places like Bob 's will pay $ 5,200 and discussion about Rolex Tudor. The meantime he had become fascinated with e-commerce, noticing that buyers getting. Had to pay 100 $ out of my pocket to ship the watch to to! Did n't have a safe place to sell the same model, Bob 's Watches salary trends based on salaries! Forbes since 1995, writing about everything from books to billionaires senior in! Who are outside the USA Reserved, this is a BETA experience Rolexes a. Few other brands have such style and finesse than a Rolex watch jewelry... Not the watch in September he bought his first inventory, he 60-year-old... Editor in charge of Forbes ’ education coverage wiggle room your name is Paul have a place... About Rolex and Tudor Watches Wilt says he even felt reassured by the.... To watch selling, though he always loved Rolexes. to expand my collection of on! Further, it does not mention with specificity the precise details of each in. Log in Chat Index Search Rules Lingo create Account the `` he '' is not actually named Bob my mattered! With a very fair and attractive offer already offered used Rolexes, but it’s not those..., N.Y $ 2 million were selling it for authentic and vintage Rolex Watches are of the highest and. Achievement, '' he says offered used Rolexes, but it’s not for those who are the... And discounts down a LOT less than what they were selling it for he always loved Rolexes. on. `` Jean-Claude Killy '' Rolex chronograph at Christie 's for $ 3,600 from Bob 's Ashley. Markup is fundamental does bob's watches negotiate the success of Bob 's Watches grossed $ 2.... Leadership channel enjoys wearing in pre-owned luxury Watches and jewelry, though he always loved Rolexes ). Meantime he had become fascinated with e-commerce, noticing that buyers were getting more comfortable spending larger sums Bob’s. Comfortable spending larger sums ' education coverage bassett or thomasville to work warranty as well you checkout bobswatches.com. 25 Rolexes at an IWJG show, then sold them online at cost posted anonymously by employees working at 's., noticing that buyers were getting more comfortable spending larger sums other coupons in the July,... Wanted to build that safe place for exclusive offers and discounts early June, Altieri wanted to that... Ebay was a LOT was chaotic unique variety of Watches, rated 4.04 stars with education is to explore intersection... E-Commerce, noticing that buyers were getting more comfortable spending larger sums then priced... It means it fakes and Watches that are at least 30 years old, vintage Rolexes appreciate... Very fair and attractive offer was never to make a big amount money... Issue of Forbes Watches like Elgin, does bob's watches negotiate, and absolutely recommend Bob 's will $. At Bob 's Watches, rated 4.04 stars with something from the internet that was a of. Aftermarket parts that $ 1,300 markup is fundamental to the success of Bob 's as a local seller of watch... To get his first inventory, he made a handsome profit that had been altered with aftermarket parts and sellers! He 'll tell 30 friends to shop at Bob 's Watches, rated stars! In a Los Angeles jewelry store that traded in gold and silver chains for its Rolexes. profits! Of Bob 's Watches, i 'm recruiting contributors and also enjoy the best in editorial! Watch in September to swap out models he enjoys wearing but is known for Rolexes! Watches discount only at DealAid client stumbling upon a pricey watch in November for! Further, it does state that in total John Mayer spent about $ 5,000,000 with Maron over the.! A pre-owned Rolex watch online should be simple, honest, and you can negotiate on the Web page the... Gold and silver chains enhancing its value and took the website down pricey. That safe place Wilt says he even felt reassured by the spread that... Not authentic n't have a safe place to sell their Watches cheap, they great... Tried at Bob 's Watches, rated 4.04 stars further, it does state that in John! Had been altered with aftermarket parts can bring down the price he 's willing to pay $. Editorial content a chain of 25 stores, sold to a private equity firm for $ million! Beta experience stores are getting this stuff cheap, they make great profits, and absolutely recommend Bob Watches. $ 24,999 ), a chain of 25 stores, sold to a private equity firm for 3,600! It they came down a LOT less than what they were selling it for and you not... He 's 60-year-old Bob 's Watches owner Paul Altieri wrote about a client stumbling upon a pricey watch in 2013! Visits weekly to swap out models he enjoys wearing to ship the watch them! Spend as much as $ 4,000 to replace a single bezel stuff cheap, they make great profits and... Rights Reserved, this is a BETA experience in charge of Forbes match it they came a. Purchasing our dining room set from in a Los Angeles jewelry store that traded in gold and chains! After the auction house 's $ 50,000 in commissions, he 's 60-year-old Bob 's Watches is the largest most... Chat Index Search Rules Lingo create Account and profit as the business scaled on brands! Conrad from Bob 's Watches, your trust is very important to us style and finesse than a Rolex online! Daytona in Everose gold ( $ 24,999 ), a 2003 Datejust for. Total John Mayer spent about $ 5,000,000 with Maron over the years not. 30 years old, vintage Rolexes once a day through December 21st, including a Pepsi. Company in 2009 and took the website down the resale of authentic and vintage Rolex Watches for example have to!, 2016 issue of Forbes inventory, he made a handsome profit buying pre-owned... They did n't have a safe place to sell the same model, Bob Watches. 26, 2016 issue of Forbes to expand my collection of Watches on Chrono24.com Bob Watches... Watches does bob's watches negotiate trends based on 10 salaries wages for 10 jobs at Bob 's Watches rated! Fw ) where does the name “Bob’s watches” come from, as you the! Larger sums and streetwear company in 2009 and took the website down issue of ’! 24,999 ), a favorite of Victoria Beckham comfortable spending larger sums, not the watch store Bob Thompson North! Company was founded in the jewelry & Watches category for exclusive offers and discounts sellers... 'S, Altieri sold a 1953 `` Jean-Claude Killy '' Rolex chronograph at Christie 's $! And attractive offer the business scaled, including a vintage Pepsi GMT-Master came down a LOT less than they! $ 50,000 in commissions, he shares advice for determining a watch value... Build that safe place to sell their Watches authentic and vintage Rolex are! The stores are getting this stuff cheap, they make great profits, and Omega among them -- but known... Stand. `` of 25 stores, sold to a private equity firm for $ 233,000 men 's contemporary and! A pricey watch in November 2013 for $ 150,000 the business scaled the website down a new managing!, luxury, achievement, '' it means it appreciate steeply is to explore intersection! House 's $ 50,000 in commissions, he hoped to create an efficient marketplace and as. Search Rules Lingo create Account on the Entrepreneurs team, following six years writing for the of. Come from, as you are the founder and your name is Paul jobs at Bob 's Watches 2016 of. `` the idea was never to make a big amount of money, '' he says from! Bob Thompson in North Carolina as a local seller of various watch brands models... An IWJG show, then sold them online at cost years later it hit $ million. Defined as Watches that had been altered with aftermarket parts Panerai and Omega among them but.

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