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Fair Private Party Price - Rolex GMT Master II - 116710

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Hello all, hoping for some help from WUS rather than having to go over to TRF. My friend just purchased a new watch and is thinking about selling his 2008 GMT M2 to me. He purchased it new from an AD, has all of the paperwork, boxes, etc. and has had it serviced (with receipt from AD). He wore it fairly regularly, but it is in good shape with no visible marks on the case, crystal or bezel and what you would normally expect on the bracelet from semi-regular wear. Definitely not a safe queen, but the bracelet will look pretty good with a solid cleaning.I've looked through prices here, on TRF and WR and obviously those show asking price, but any input regarding fair market value would be useful. My goal would be to pay him a fair amount and be able to sell the watch as a neutral transaction if I don't like it.Any help would be greatly appreciated.Thank you

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$1 perhaps?

Go on ask him you never know but he might say $10000000

The trick is to find out what you want to pay and what he wants for it.

We could tell you its worth X amount of money but if you dont want to pay that much or your friend doesnt want to sell it for that its not much help.

If you are unsure you could always look at the 2nd hand prices and see there. Pick an average amount remove the amount for dealer markup and you never know.

Whats the worst your friend will say if the price is wrong.

 

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