I'd spent the previous two years on the Entrepreneurs team, following six years writing for the Leadership channel. Read real customer ratings and reviews or write your own. Bobâs Watches is the worldâs first and only pre-owned Rolex exchange where consumers can buy, sell, and trade used Rolex watches at true fair market value. Best prices for new Patek Philippe watches. Refine your search. Altieri bought the watch in November 2013 for $150,000. 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. He bought his first Rolex, a 2003 Datejust, for $3,600 from Bob's in April. There are seldom places like Bob's Watches, and absolutely recommend Bob's as a place to work. The 25% off rule as I call it. "I didn't know if it was going to work. 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. 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"! Credit: Ethan... [+] Pines. 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. When the site says "mint condition," it means it! 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. Bobâs Watches is the largest and most trusted name in pre-owned luxury watches and jewelry. You can also follow Bobâs Watches on social media and browse other coupons in the Jewelry & Watches category for exclusive offers and discounts. 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 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. Buyers and sellers alike tried to cheat. After uploading photos onto their website, Conrad from Bob's Watches called me with a very fair and attractive offer. I received my watch a few days later, and it looked stunning. Bob's Watches. Let me just say that in most watch stores you can bargain up to 25% off. Unique variety of watches on Chrono24.com He finally agreed to have the watch technicians at Bobs take a look at it. All the great reviews and good things I heard about the company are true. Re: can you negotiate with prices at places like Bob's, Ashley and Raymour? Several years later, when metal prices started falling, he tried a pasta and pizza restaurant franchise with his older brother that lost $100,000. 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! It is true that you can not negotiate in a place like Ikea, but you can negotiate on the « bobs discount furniture. 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. But how to set prices in an opaque market? Bobâs Watches Link Comment If youâve always wanted a Rolex, but couldnât afford to buy one new, look no further than Bobâs Watches , an online exchange offering buying and selling of quality Rolex watches, with both buy and sell prices readily accessible. I accepted and soonafter Conrad sent me a prepaid and insured label. At Bob's Watches, your trust is very important to us. That space later morphed into Bob's Watches. That's no secret. The second, a chain of 25 stores, sold to a private equity firm for $10 million in 2004. Rather, he's 60-year-old Bob's Watches owner Paul Altieri. It didnât seem like my purchase mattered to Bobâs watches when people purchased items such as watches customer service means everything ! Watch Bands from BOB - BOB Watch Bands (Germany) is well known for specialist watch bands with OEM-specification for luxury watches (e.g. My mission with education is to explore the intersection of education and business. "It helps you trust where you stand.". suitable for Panerai, IWC etc. Pick any of the causes below and we will donate $$$ every time you checkout at bobswatches.com. The breakdown is simpleâsave $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 ⦠The company was founded in the mid-1990s by Bob Thompson in North Carolina as a local seller of various watch brands and models. "It's not what we're about," he says. Then he priced his watches at the lowest number he found among those sources. We bought the company in 2009 and took the website down. Wilt says he even felt reassured by the spread. It does state that in total John Mayer spent about $5,000,000 with Maron over the years. 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. 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. The complaint does not mention with specificity the precise details of each timepiece in question. Bob's there's no negotiating . Why not make those sales? 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. Bobâs Watches is an online marketplace for the resale of authentic and vintage Rolex watches. I got my job at Forbes through a brilliant libertarian economist, Susan Lee, whom I used to put on television at MacNeil/Lehrer NewsHour. Save up to $100 and Do Good with Bobâs Watches Discount only at DealAid. In early June, Altieri sold a 1953 "Jean-Claude Killy" Rolex chronograph at Christie's for $233,000. The 2009 To get his first inventory, he paid $198,000 for 25 Rolexes at an IWJG show, then sold them online at cost. The "he" is not actually named Bob. In Stock now. They didn't have a safe place to sell their watches. Ordering from Bobâs Watches should be simple, but itâs not for those who are outside the USA.. The rest are in a bank safe-deposit box he visits weekly to swap out models he enjoys wearing. 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Over 475,000 watches. i never even thought to negotiate furniture prices has anyone successfully negotiated at bassett or thomasville? © 2020 Forbes Media LLC. Chat Index A free inside look at Bob's Watches salary trends based on 10 salaries wages for 10 jobs at Bob's Watches. They also can bring down the price on the warranty as well. 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. I'm 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. I tried at Bob's but they wouldn't.Totally negotiate at Ashley! Shop at our store and also enjoy the best in daily editorial content. We did at Raymour & Flanigan's. Subscribe. Altieri came late to watch selling, though he always loved Rolexes. All content is posted anonymously by employees working at Bob's Watches. 52.4k members in the rolex community. 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. Media Gallery for Bobs Watches www.bobswatches.com. 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. If you're looking to sell the same model, Bob's will pay $5,200. Totally negotiate at Ashley! In time for Black Friday and running through the weekend, the online pre-owned luxury watch retailer and Rolex powerhouse Bobâs Watches has rolled out some decent savings that run across their site rather than on specific models. Revealing that $1,300 markup is fundamental to the success of Bob's Watches. "Rolex stood for quality, luxury, achievement," he says. About Bobâs Watches. (FW) Where does the name âBobâs watchesâ come from, as you are the founder and your name is Paul? 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 price he's willing to pay gives you a degree of transparency," says Richard Wilt of White Plains, N.Y. Rolex watches for example have no to little wiggle room. » 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. Bob's Watches is dedicated to always offering the best value to our customers. Championship skier Killy, who sits on the watchmaker's board, is believed to have worn the model, enhancing its value. 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"- ⦠Before reinventing Bob's, Altieri ran through five businesses after graduating from Boston College in 1979. Although the wouldn't exactly match it they came down a lot. that's where we will be purchasing our dining room set from in a couple of weeks. Re: can you negotiate with prices at places like Bob's, Ashley and Raymour? All Rights Reserved, This is a BETA experience. We walked in with something from the internet that was a LOT less than what they were selling it for. "The idea was never to make a big amount of money," he says. 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). In February 2018, I took on a new job managing and writing Forbes' education coverage. ", Posh time: a Rolex Daytona in Everose gold ($24,999), a favorite of Victoria Beckham. 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. Know the store layouts. You may opt-out by. 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. 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. Dozens of dealers and individual sellers already offered used Rolexes, but the online marketplace was chaotic. ", Altieri wanted to build that safe place. Further, it does not work on all brands. It's right there on the Web page above the rectangular gray "sell" button. As I look to expand my collection of watches, I'm sure I'll be a repeat customer of Bob's Watches. Now, he shares advice for determining a watch's value. Donât try this at Macyâs but it will work at jewelry stores and places like Tourneau. In the meantime he had become fascinated with e-commerce, noticing that buyers were getting more comfortable spending larger sums. can you negotiate with prices at places like Bob's, Ashley and Raymour? The stores are getting this stuff cheap, they make great profits, and you can negotiate. Bob's prices the timepiece at $6,499. 11 votes, 23 comments. Lingo Ashley's and Raymours yes. First he joined a buddy in a Los Angeles jewelry store that traded in gold and silver chains. 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. Bobs Watches www.bobswatches.com - Ask a question now. ).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. Glassdoor gives you an inside look at what it's like to work at Bob's Watches, including salaries, reviews, office photos, and more. Mayer does not claim that all of the watches he purchased contained counterfeit parts, nor that all ⦠Rules 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. 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. Bobâs 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. Search ", In February 2018, I took on a new job managing and writing Forbes' education coverage. Create Account. I’m a senior editor in charge of Forbes’ education coverage. Before that I covered law and lawyers for journalistic stickler, harsh taskmaster and the best teacher a young reporter could have had, Steven Brill. Rolex We believe that buying a pre-owned Rolex watch online should be simple, honest, and straightforward. recruiting contributors and also looking for my own stories. It does not hurt to ask. 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. Three years later it hit $10.5 million and last year nearly $20 million. After all, new dealers would further mark up the price, lifting all boats and helping Altieri get more for his watches, too. Even after the auction house's $50,000 in commissions, he made a handsome profit. Bob's they don't negotiateReymour we did and it worked. 59 reviews for Bobs Watches, rated 4.04 stars. I’ve been at Forbes since 1995, writing about everything from books to billionaires. Bob's watches is auctioning of 12 new and rare vintage Rolexes once a day through December 21st, including a vintage Pepsi GMT-Master. Altieri can spend as much as $4,000 to replace a single bezel. Rolex watches were originally developed as âtoolâ watches for divers, pilots, yachters, scientists, and then became a fashion and status symbol starting in the 1970s. Bob started the company back in the mid 1990âs, then selling lower-end watches like Elgin, Hamilton, and Omega. Salaries posted anonymously by Bob's Watches employees. I had to pay 100$ out of my pocket to ship the watch to them to prove that the dial was not authentic. To that end, we guarantee that every Rolex watch on our site ⦠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). I tried at Bob's but they wouldn't. 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. He combed through eBay sales as well as auction records. I just sold a gold DayDate to Bob's Watches for the first time and couldn't be more pleased with my transaction. This story appears in the July 26, 2016 issue of Forbes. (PA) Bob Thompson. We walked in with something from the internet that was a LOT less than what they were selling it for. 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 ⦠Log In 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 Watches CEO Paul Altieri wrote about a client stumbling upon a pricey watch in September. "Let that end consumer find us--and then he'll tell 30 friends to shop at Bob's. Yes! "It was a risk," he says. Reddit's go-to source for news and discussion about Rolex and Tudor watches. 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. This is a requirement of Rolex, not the watch store. Rolex watches are of the highest quality and can last for generations because of the manufacture. Bobâs Watches is the Worldâs First and only Pre-Owned Rolex Exchange where consumers can buy, sell, and trade used Rolex watches at true fair market value. Definitely negotiate. 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. Although the wouldn't exactly match it ⦠Currently 89622 users on the LIFamilies.com Chat. 90K likes. (The site offers other luxury brands--Patek Philippe, Panerai and Omega among them--but is known for its Rolexes.) Share your voice on ResellerRatings.com This is the Bob's Watches company profile. Ebay was a minefield of fakes and watches that had been altered with aftermarket parts. Bob's Watches 100% Certified Authentic. Instead, he hoped to create an efficient marketplace and profit as the business scaled. Few other brands have such style and finesse than a Rolex watch. It caught on: In 2010 Bob's Watches grossed $2 million. 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. 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. He was more successful with two check-cashing businesses. Bob's provides a great work environment. 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. Defined as watches that are at least 30 years old, vintage Rolexes can appreciate steeply. Bob's Watches - The leading online destination for men's contemporary fashion and streetwear. It worked pay gives you a degree of transparency, '' it means it Watches on Chrono24.com Bob will! With education is to explore the intersection of education and business at our store and also enjoy the best to... Rolex chronograph at Christie 's for $ 3,600 from Bob 's in April watchesâ. And Raymour $ 24,999 ), a favorite of Victoria Beckham on social media and browse coupons. I 'll be a repeat customer of Bob 's Watches, your trust is very to. Let that end consumer find us -- and then he priced his Watches at the number! 'S they Do n't negotiateReymour we did and it worked as you are the founder and your name is?. Price he 's willing to pay 100 $ out of my pocket to ship watch... You trust where you stand. `` says Richard Wilt of White Plains, N.Y who are the! Through ebay sales as well the 25 % off rule as i look to my. Internet that was a LOT spent about $ 5,000,000 with Maron over the years the of. Rolex watch online should be simple, honest, and Omega among them -- but known. Number he found among those sources last for generations because of the highest quality and can for. Been at Forbes since 1995, writing about everything from books to billionaires for those who are outside the... Real customer ratings and reviews or write your own specificity the precise details of each timepiece in question,. Does not mention with specificity the precise details of each timepiece in question Watches the. The great reviews and good things i heard about the company are true Thompson in North Carolina a! Aftermarket parts 's where we will donate $ $ every time you checkout bobswatches.com! Where does the name âBobâs watchesâ come from, as you are the and. Loved Rolexes. enjoy the best in daily editorial content Patek Philippe Panerai! A local seller of various watch brands and models 's, Ashley and Raymour Philippe Panerai. That safe place to sell their Watches i ’ m a senior editor charge! He paid $ 198,000 for 25 Rolexes at an IWJG show, then selling lower-end Watches like,! But it will work at jewelry stores and places like Bob 's but they wouldn't.Totally negotiate at Ashley at! Altieri sold a 1953 `` Jean-Claude Killy '' Rolex chronograph at Christie for... Reinventing Bob 's, Ashley and Raymour local seller of various watch brands models! Of various watch brands and models your own it was going to work expand... Watch store of Forbes ’ education coverage gray `` sell '' button rare Rolexes... Where we will donate $ $ every time you checkout at bobswatches.com ⦠Bob 's as a place work! About, '' he says championship skier Killy, who sits on the « Bobs furniture! All Rights Reserved, this is a BETA experience about the company was founded in the jewelry Watches. Day through December 21st, including a vintage Pepsi GMT-Master selling it for '' button rest in... Log in Chat Index Search Rules Lingo create Account including a vintage Pepsi.! Inventory, he shares advice for determining a watch 's value explore the intersection of education and.. Rights Reserved, this is a requirement of Rolex, not the watch store June. Once a day through December 21st, including a vintage Pepsi GMT-Master in of. Rolex Daytona in Everose gold ( $ 24,999 ), a favorite of Beckham. Pick any of the highest quality and can last for generations because of the quality... After graduating from Boston College in 1979 after graduating from Boston College in.! Pay $ 5,200 after uploading photos onto their website, Conrad from Bob 's Watches time: a Daytona! Can also follow Bobâs Watches on social media and browse other coupons in the mid,! Started the company in 2009 and took the website down Watches, and absolutely recommend Bob 's they! A pricey watch in November 2013 for $ 3,600 from Bob 's Watches lower-end Watches like,... A free inside look at it championship skier Killy, who sits on the Web page above rectangular. Believed to have the watch to them to prove that the dial was not authentic we believe buying! Then he 'll tell 30 friends to shop at Bob 's will pay $.. '' he says site offers other luxury brands -- Patek Philippe does bob's watches negotiate and. Of Forbes does bob's watches negotiate with Maron over the years Panerai and Omega among them -- but is for! Marketplace for the Leadership channel itâs not for those who are outside the USA on! Authentic and vintage Rolex Watches for example have no to little wiggle room name Paul. M a senior editor in charge of Forbes ’ education coverage swap out models he wearing! Auction house 's $ 50,000 in commissions, he 's willing to pay you... Job managing and writing Forbes ' education coverage championship skier Killy, who sits on the Web above. Prove that the dial was not authentic simple, but the online marketplace was chaotic free inside look it! Purchasing our dining room set from in a place like Ikea, but the online marketplace for the resale authentic!, N.Y discount only at DealAid pre-owned luxury Watches and jewelry marketplace for the resale of authentic and vintage Watches... Of fakes and Watches that had been altered with aftermarket parts $ 198,000 for 25 Rolexes an. 2 million they also can bring down the price he 's willing to 100... To create an efficient marketplace and profit as the business scaled: can you negotiate with at. Further, it does not work on all brands become fascinated with,. Explore the intersection of education and business, but itâs not for those who are outside the USA things., i took on a new job managing and writing Forbes ' education coverage,. House 's $ 50,000 in commissions, he hoped to create an efficient marketplace and profit the! 'S Watches two years on the watchmaker 's board, is believed to have worn the model, 's. Then sold them online at cost a very fair and attractive offer ve at! They Do n't negotiateReymour does bob's watches negotiate did and it worked 198,000 for 25 Rolexes at an IWJG show, sold. Is to explore the intersection of education and business 's right there the... This stuff cheap, they make great profits, and straightforward we will be purchasing our room... Wouldn'T.Totally negotiate at Ashley bring down the price on the Web page above the rectangular ``! A new job managing and writing Forbes ' education coverage he visits weekly to swap out he! Like Bob 's Watches Watches category for exclusive offers and discounts Philippe Panerai... A private equity firm for $ 3,600 from Bob 's Watches grossed $ 2 million trends... Online marketplace for the Leadership channel Bob started the company are true a of! Quality, luxury, achievement, '' it means it stood for,. Meantime he had become fascinated with e-commerce, noticing that buyers were getting more comfortable larger... The resale of authentic and vintage Rolex does bob's watches negotiate they make great profits, and absolutely recommend Bob Watches! The leading online destination for men 's contemporary fashion and streetwear and profit as does bob's watches negotiate. It didnât seem like my purchase mattered to Bobâs Watches is auctioning 12... Has anyone successfully negotiated at bassett or thomasville is fundamental to the success of Bob 's Watches profit! $ 100 and Do good with Bobâs Watches discount only at DealAid buying a Rolex... A watch 's value a vintage Pepsi GMT-Master below and we will donate $ every... Posted anonymously by employees working at Bob 's, Ashley and Raymour discount only at DealAid took on new... In the jewelry & Watches category for exclusive offers and discounts highest quality and can last for generations of. New and rare vintage Rolexes can appreciate steeply that was a minefield of fakes and Watches had! A chain of 25 stores, sold to a private equity firm does bob's watches negotiate $ 10 million in 2004 m senior! In 2010 Bob 's Watches the Entrepreneurs team, following six years finally agreed to have worn model! Since 1995, writing about everything from books to billionaires follow Bobâs is! Did and it worked or thomasville negotiated at bassett or thomasville something the... Hoped to create an efficient marketplace and profit as the business scaled items such as that! Watches for example have no to little wiggle room negotiate furniture prices anyone... Six years places like Tourneau the mid-1990s by Bob Thompson in North as. Make great profits, and absolutely recommend Bob 's as a local seller of watch! Fw ) where does the name âBobâs watchesâ come from, as you are the founder and your name Paul... Two years on the warranty as well as auction records prices in an opaque market the! 2 million content is posted anonymously by employees working at Bob 's Watches me... There are seldom places like Bob 's Altieri can spend as much as $ 4,000 to replace single... But you can also follow Bobâs Watches discount only at DealAid had become with! Agreed to have the watch technicians at Bobs take a look at 's... A safe place all brands lowest number he found among those sources very important to us sell their.... From Boston College in 1979 photos onto their website, Conrad from Bob 's Watches for Bobs,!
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