I am not sure how you do math bro but £2060 profit on a £7210 price is not a 40% margin. It is correct that they added 40% to the price of what they paid you, but it is incorrect to claim they have a 40% margin when selling it at £7210.
Thanks for sharing though, interesting to learn how they operate. Explains also why they have room to allow offers and accept lower.
Not really an enabler, but a quick response on Watchfinder's margin, which is 40%. I sold this watch to WF for £5,150.
I am not sure how you do math bro but £2060 profit on a £7210 price is not a 40% margin. It is correct that they added 40% to the price of what they paid you, but it is incorrect to claim they have a 40% margin when selling it at £7210.
Thanks for sharing though, interesting to learn how they operate. Explains also why they have room to allow offers and accept lower.
Selling price - Purchase price = Profit. That's what WF sets to earn on the sale of the watch if a sucker ends up buying it at the listed price. This of course includes admin costs. But the margin calculation is quite straight forward
Indeed and £7210 - £5150 = £2060 profit, which is not a 40% margin.
£2060 is actually 28,5% of £7210, which would then be their margin if they sell this Monaco for £7210.
Anyway, just technicalities and who gives an F, we understand the point, sorry for being a pain. I totally get that you were upset with the fact that WF adds 40% on top of what they paid you 👍
I used margin interchangeably with profit, my bad.
Honestly I'm not upset about the selling price. I had the watch up for sale for a year now and did not have any interest even at £5000. So getting £5150, with free insurance and shipping is still a win for me 😀
Frankly that's fairly standard margin for any dealer who'll buy your watch
