Why are used GS's selling for so cheap?

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Wario406
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Why are used GS's selling for so cheap?

Post by Wario406 » Sat Apr 29, 2023 9:11 pm

I've seen GS's here and other places selling for much less than other brands. WTF?

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r.palace
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Re: Why are used GS's selling for so cheap?

Post by r.palace » Sat Apr 29, 2023 11:40 pm

GS has never had good resale value. Also, not a yuge market for 35mm like the one you posted.
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Baffo
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Re: Why are used GS's selling for so cheap?

Post by Baffo » Sun Apr 30, 2023 5:27 am

It seems like all watches are taking a hit recently - I see 14060m selling for $8500 when a year ago they were all above $10k.

The market is soft in general and the weaker the brand the biggest the hit.
GS is niche, so it makes sense.
I just got an excellent condition titanium Chronomaster for sub $1k, it’s over $2k new. It’s a buyer’s market

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Re: Why are used GS's selling for so cheap?

Post by pbj204 » Sun Apr 30, 2023 6:36 am

Dress watches have always been tough to sell. It's even worse now that many people are still working from home.

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Re: Why are used GS's selling for so cheap?

Post by ezcheese » Sun Apr 30, 2023 12:10 pm

Yep, we’re about to head into a recession so it’s a buyer’s market for pretty much everything but the holy trinity and rolex
¯\_(ツ)_/¯

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jswing
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Re: Why are used GS's selling for so cheap?

Post by jswing » Mon May 01, 2023 9:34 am

Tell me about it!

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Re: Why are used GS's selling for so cheap?

Post by hoppyjr » Mon May 01, 2023 10:04 am

It’s not just GS, but I’m sure it’s about the economy. I priced my Omega lower than all others, but still no joy. Same for the MKII. It’s a shitty time to be a seller.

I just love Jeff’s GS, but can’t add unless I sell.

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jswing
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Re: Why are used GS's selling for so cheap?

Post by jswing » Mon May 01, 2023 10:39 am

hoppyjr wrote:
Mon May 01, 2023 10:04 am
It’s not just GS, but I’m sure it’s about the economy. I priced my Omega lower than all others, but still no joy. Same for the MKII. It’s a shitty time to be a seller.

I just love Jeff’s GS, but can’t add unless I sell.
I agree it's got a lot to do with the economy. I also think GS value retention isn't the greatest, but for what they offer I think they're a bargain. The finishing and movements IMO put them above anything in their price range, yet I'm struggling to get 50% of MSRP on a watch that's essentially new. :shrug:
Last edited by jswing on Wed May 03, 2023 5:04 am, edited 2 times in total.

aztecknight
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Re: Why are used GS's selling for so cheap?

Post by aztecknight » Mon May 01, 2023 2:23 pm

I think their designs are also a bit watered down. You can get the same basic design in a SARB, SARX, King Seiko, Presage and even with Citizen with varying degrees of finishing and dials. That's just my opinion.

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Re: Why are used GS's selling for so cheap?

Post by ezcheese » Mon May 01, 2023 2:55 pm

Current economy aside, I think once more watch enthusiasts experience modern Grand Seikos for themselves, the secondary market will get more robust. They’re just too good. But Grand Seiko outside of Japan is still so new that not enough people have taken the plunge on one yet. This is a great time for anybody who’s interested to snag an absolute bargain on a used one though.
¯\_(ツ)_/¯

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Re: Why are used GS's selling for so cheap?

Post by dnslater » Wed May 03, 2023 4:41 am

aztecknight wrote:
Mon May 01, 2023 2:23 pm
I think their designs are also a bit watered down. You can get the same basic design in a SARB, SARX, King Seiko, Presage and even with Citizen with varying degrees of finishing and dials. That's just my opinion.
This is especially true of the basic quartz or auto dress Grand Seiko watches like the one in the link.... combined with the fact that models like this are pretty classic so old ones look just like new ones. The newer spring drive/ high beat models like White Birch, their sport GMT's, etc.... hold their values ok. Not excellent, but ok.

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Re: Why are used GS's selling for so cheap?

Post by Baffo » Wed May 03, 2023 6:04 am

I’m not sure.
The design may be similar, but one just needs to look at a GS for 30 seconds to see and feel that they are leagues above the mid priced seikos in terms of fit finish and everything.

On the second point, design consistency over many years is usually something that happens that make desirable products (think Rolex AP, some omega, Porsche etc)

I really think it’s just due to a combination of
1/ smaller potential consumer pool (GS are niche) and
2/ economy not looking great

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Re: Why are used GS's selling for so cheap?

Post by toxicavenger » Wed May 03, 2023 6:32 am

This was a JDM model I believe. At that time GS was only known by a small majority of watch collectors, and marketing to US buyers was pretty much nil. Oh and that size of Watch will only interest a very small range of buyers, that is part of the reason for the lower price point.

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Re: Why are used GS's selling for so cheap?

Post by Mr_Pacman » Tue May 16, 2023 10:24 am

I just snagged a near mint SBGJ239 which is the green dial, high beat gmt with the sapphire bezel for $4,500 CAD ($3,400 USD). Maybe it's because it was bigger than most GS at 43mm but it wears like a 41mm watch. Hard to beat that value on the used market. Seller bought it from a dealer in order to get their pepsi GMT and was happy to sell it after 2 weeks for a loss as he never wanted it in the first place.

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Re: Why are used GS's selling for so cheap?

Post by ezcheese » Wed May 17, 2023 7:44 am

Wow killer deal
¯\_(ツ)_/¯

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