Headlines

In the Name of Transparency, This Watch Dealer Reveals His Markup on Vintage Rolexes

Published

8 years ago

July 13, 2016

INSTORE Staff

Customers say full-disclosure pricing helps them feel confident.

Paul Altieri, the owner of online pre-owned watch dealer Bob’s Watches, is the subject of a feature story in Forbes’ latest print issue in which the business magazine explains his unique business model and how it brings transparency to the “fraud-filled” market for vintage Rolexes. Six years ago, the article explains, Altieri decided to list the sale price for a watch alongside the price he’d pay to buy the same watch. Revealing that markup helps customers feel confident. “The price he’s willing to pay gives you a degree of transparency,” says customer Richard Wilt of White Plains, N.Y. “It helps you trust where you stand.”

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”