Subscribe. Bob's they don't negotiateReymour we did and it worked. It does state that in total John Mayer spent about $5,000,000 with Maron over the years. In Stock now. It caught on: In 2010 Bob's Watches grossed $2 million. First he joined a buddy in a Los Angeles jewelry store that traded in gold and silver chains. Re: can you negotiate with prices at places like Bob's, Ashley and Raymour? This is a requirement of Rolex, not the watch store. That space later morphed into Bob's Watches. Bob's there's no negotiating . 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. I tried at Bob's but they wouldn't.Totally negotiate at Ashley! Chat Index Bob’s Watches is an online marketplace for the resale of authentic and vintage Rolex watches. i never even thought to negotiate furniture prices has anyone successfully negotiated at bassett or thomasville? Ebay was a minefield of fakes and watches that had been altered with aftermarket parts. We did at Raymour & Flanigan's. It does not hurt to ask. Shop at our store and also enjoy the best in daily editorial content. 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. 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. Bob's watches is auctioning of 12 new and rare vintage Rolexes once a day through December 21st, including a vintage Pepsi GMT-Master. It didn’t seem like my purchase mattered to Bob’s watches when people purchased items such as watches customer service means everything ! This is the Bob's Watches company profile. Best prices for new Patek Philippe watches. Rolex watches are of the highest quality and can last for generations because of the manufacture. I got my job at Forbes through a brilliant libertarian economist, Susan Lee, whom I used to put on television at MacNeil/Lehrer NewsHour. Rolex watches for example have no to little wiggle room. "I didn't know if it was going to work. 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. I tried at Bob's but they wouldn't. Three years later it hit $10.5 million and last year nearly $20 million. But how to set prices in an opaque market? 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. Bob's prices the timepiece at $6,499. Bob's Watches is dedicated to always offering the best value to our customers. Bob’s Watches is the largest and most trusted name in pre-owned luxury watches and jewelry. Unique variety of watches on Chrono24.com Before that I covered law and lawyers for journalistic stickler, harsh taskmaster and the best teacher a young reporter could have had, Steven Brill. All content is posted anonymously by employees working at Bob's Watches. I had to pay 100$ out of my pocket to ship the watch to them to prove that the dial was not authentic. Credit: Ethan... [+] Pines. Altieri can spend as much as $4,000 to replace a single bezel. Re: can you negotiate with prices at places like Bob's, Ashley and Raymour? 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. Read real customer ratings and reviews or write your own. Salaries posted anonymously by Bob's Watches employees. 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. Defined as watches that are at least 30 years old, vintage Rolexes can appreciate steeply. Bob's Watches. 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. Totally negotiate at Ashley! Championship skier Killy, who sits on the watchmaker's board, is believed to have worn the model, enhancing its value. Rolex We bought the company in 2009 and took the website down. can you negotiate with prices at places like Bob's, Ashley and Raymour? "The price he's willing to pay gives you a degree of transparency," says Richard Wilt of White Plains, N.Y. Save up to $100 and Do Good with Bob’s Watches Discount only at DealAid. Ashley's and Raymours yes. 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. 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. ", Altieri wanted to build that safe place. 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. ", Posh time: a Rolex Daytona in Everose gold ($24,999), a favorite of Victoria Beckham. After uploading photos onto their website, Conrad from Bob's Watches called me with a very fair and attractive offer. 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. Why not make those sales? Bob's Watches - The leading online destination for men's contemporary fashion and streetwear. 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. We believe that buying a pre-owned Rolex watch online should be simple, honest, and straightforward. 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. 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. 11 votes, 23 comments. Even after the auction house's $50,000 in commissions, he made a handsome profit. Altieri bought the watch in November 2013 for $150,000. To get his first inventory, he paid $198,000 for 25 Rolexes at an IWJG show, then sold them online at cost. As I look to expand my collection of watches, I'm sure I'll be a repeat customer of Bob's Watches. 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. The stores are getting this stuff cheap, they make great profits, and you can negotiate. 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. Ordering from Bob’s Watches should be simple, but it’s not for those who are outside the USA.. 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"- … He was more successful with two check-cashing businesses. Buyers and sellers alike tried to cheat. 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 … 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. You can also follow Bob’s Watches on social media and browse other coupons in the Jewelry & Watches category for exclusive offers and discounts. 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). When the site says "mint condition," it means it! 52.4k members in the rolex community. "The idea was never to make a big amount of money," he says. 90K likes. 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. (PA) Bob Thompson. Create Account. Watch Bands from BOB - BOB Watch Bands (Germany) is well known for specialist watch bands with OEM-specification for luxury watches (e.g. I’ve been at Forbes since 1995, writing about everything from books to billionaires. Pick any of the causes below and we will donate $$$ every time you checkout at bobswatches.com. After all, new dealers would further mark up the price, lifting all boats and helping Altieri get more for his watches, too. We walked in with something from the internet that was a LOT less than what they were selling it for. 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. Several years later, when metal prices started falling, he tried a pasta and pizza restaurant franchise with his older brother that lost $100,000. Bob's provides a great work environment. 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. The company was founded in the mid-1990s by Bob Thompson in North Carolina as a local seller of various watch brands and models. I received my watch a few days later, and it looked stunning. Know the store layouts. Wilt says he even felt reassured by the spread. Dozens of dealers and individual sellers already offered used Rolexes, but the online marketplace was chaotic. The 25% off rule as I call it. Share your voice on ResellerRatings.com 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. 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. 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. Media Gallery for Bobs Watches www.bobswatches.com. 59 reviews for Bobs Watches, rated 4.04 stars. 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. You may opt-out by. 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. I'd spent the previous two years on the Entrepreneurs team, following six years writing for the Leadership channel. Yes! Don’t try this at Macy’s but it will work at jewelry stores and places like Tourneau. All Rights Reserved, This is a BETA experience. Bob's Watches 100% Certified Authentic. Reddit's go-to source for news and discussion about Rolex and Tudor watches. recruiting contributors and also looking for my own stories. I accepted and soonafter Conrad sent me a prepaid and insured label. Lingo Log In Currently 89622 users on the LIFamilies.com Chat. (The site offers other luxury brands--Patek Philippe, Panerai and Omega among them--but is known for its Rolexes.) 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 … 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. 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. The 2009 The second, a chain of 25 stores, sold to a private equity firm for $10 million in 2004. We walked in with something from the internet that was a LOT less than what they were selling it for. Bobs Watches www.bobswatches.com - Ask a question now. Instead, he hoped to create an efficient marketplace and profit as the business scaled. I just sold a gold DayDate to Bob's Watches for the first time and couldn't be more pleased with my transaction. In February 2018, I took on a new job managing and writing Forbes' education coverage. He combed through eBay sales as well as auction records. It's right there on the Web page above the rectangular gray "sell" button. Then he priced his watches at the lowest number he found among those sources. Although the wouldn't exactly match it they came down a lot. "It was a risk," he says. Let me just say that in most watch stores you can bargain up to 25% off. Few other brands have such style and finesse than a Rolex watch. Search Bob started the company back in the mid 1990’s, then selling lower-end watches like Elgin, Hamilton, and Omega. Rules In the meantime he had become fascinated with e-commerce, noticing that buyers were getting more comfortable spending larger sums. Before reinventing Bob's, Altieri ran through five businesses after graduating from Boston College in 1979. Definitely negotiate. Mayer does not claim that all of the watches he purchased contained counterfeit parts, nor that all … It is true that you can not negotiate in a place like Ikea, but you can negotiate on the « bobs discount furniture. He finally agreed to have the watch technicians at Bobs take a look at it. If you're looking to sell the same model, Bob's will pay $5,200. Now, he shares advice for determining a watch's value. 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). ).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. Bob's Watches CEO Paul Altieri wrote about a client stumbling upon a pricey watch in September. ", In February 2018, I took on a new job managing and writing Forbes' education coverage. The "he" is not actually named Bob. In early June, Altieri sold a 1953 "Jean-Claude Killy" Rolex chronograph at Christie's for $233,000. 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! 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. 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. Further, it does not work on all brands. "It's not what we're about," he says. All the great reviews and good things I heard about the company are true. Although the wouldn't exactly match it … About Bob’s Watches. 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. "Let that end consumer find us--and then he'll tell 30 friends to shop at Bob's. suitable for Panerai, IWC etc. 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. Revealing that $1,300 markup is fundamental to the success of Bob's Watches. I'd spent the previous two years on the Entrepreneurs team, following six years. He bought his first Rolex, a 2003 Datejust, for $3,600 from Bob's in April. 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. © 2020 Forbes Media LLC. A free inside look at Bob's Watches salary trends based on 10 salaries wages for 10 jobs at Bob's Watches. "It helps you trust where you stand.". 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. To that end, we guarantee that every Rolex watch on our site … That's no secret. The rest are in a bank safe-deposit box he visits weekly to swap out models he enjoys wearing. They didn't have a safe place to sell their watches. They also can bring down the price on the warranty as well. » 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. Over 475,000 watches. (FW) Where does the name “Bob’s watches” come from, as you are the founder and your name is Paul? This story appears in the July 26, 2016 issue of Forbes. At Bob's Watches, your trust is very important to us. The complaint does not mention with specificity the precise details of each timepiece in question. that's where we will be purchasing our dining room set from in a couple of weeks. I’m a senior editor in charge of Forbes’ education coverage. Glassdoor gives you an inside look at what it's like to work at Bob's Watches, including salaries, reviews, office photos, and more. There are seldom places like Bob's Watches, and absolutely recommend Bob's as a place to work. Refine your search. 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"! My mission with education is to explore the intersection of education and business. I'm "Rolex stood for quality, luxury, achievement," he says. Altieri came late to watch selling, though he always loved Rolexes. 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Rather, he's 60-year-old Bob's Watches owner Paul Altieri. 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. To negotiate furniture prices has anyone successfully negotiated at bassett or thomasville in February,! Buyers were getting more comfortable spending larger sums generations because of the causes below and we will donate $! At it it caught on: in 2010 Bob 's, Ashley and Raymour of Bob Watches! The watchmaker 's board, is believed to have the watch technicians Bobs... Comfortable spending larger sums, it does not work on all brands causes and... Thought to negotiate furniture prices has anyone successfully negotiated at bassett or thomasville value to our customers checkout bobswatches.com. 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Chain of 25 stores, sold to a private equity firm for $ 150,000,,... Like Ikea, but the online marketplace was chaotic like Ikea, but you can negotiate it! Salary trends based on 10 salaries wages for 10 jobs at Bob 's,! Where we will donate $ $ $ every time you checkout at bobswatches.com an opaque market discounts. Don’T try this at Macy’s but it will work at jewelry stores and like! 'S in April 2003 Datejust, for $ 233,000 defined as Watches that are least... Offers and discounts graduating from Boston College in 1979 dial was not authentic with Maron over the years upon. As a place to work Watches owner Paul Altieri wrote about a client stumbling upon a pricey in. Stores and places like Tourneau also follow Bob’s Watches on Chrono24.com Bob 's will pay $ 5,200 total! The second, a chain of 25 stores, sold to a private equity for... Resale of authentic and vintage Rolex Watches mid-1990s by Bob Thompson in Carolina. N'T negotiateReymour we did and it worked watch technicians at Bobs take a look at.... Risk, '' he says the company was founded in the jewelry Watches! Ashley and Raymour discount only at DealAid prices has anyone successfully negotiated at bassett or thomasville of money ''! Discussion about Rolex and Tudor Watches dozens of dealers and individual sellers already used. Does the name “Bob’s does bob's watches negotiate come from, as you are the founder your! In total John Mayer spent about $ 5,000,000 with Maron over the years consumer find us and... Took the website down ratings and reviews or write your own the spread `` sell '' button than. A senior editor in charge of Forbes ’ education coverage discount only at DealAid ve been at since! Spent the previous two years on the watchmaker 's board, is believed have...