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re: How much does an OT baller spend on an engagement ring

Posted on 3/30/15 at 8:59 am to
Posted by Choctaw
Pumpin' Sunshine
Member since Jul 2007
77774 posts
Posted on 3/30/15 at 8:59 am to
quote:

assuming you only get 50% of appraised value.


why would you only get 50%? is that typical?
Posted by Salmon
On the trails
Member since Feb 2008
83652 posts
Posted on 3/30/15 at 9:01 am to
quote:

why would you only get 50%? is that typical?


because the "appraisals" are absolute bullshite

no one ever pays close to appraised value of their ring
Posted by carlsoda
B Rah
Member since Dec 2009
5776 posts
Posted on 3/30/15 at 9:05 am to
quote:

why would you only get 50%? is that typical


From what I have read yes. I think bc most people only sell jewelry if they are hard up for cash. And that shite is always on some big SALE. Plus it sits on the shelf longer than other goods I assume so there is a cost to carry it in inventory. I only know what I have read though bc I have never tried to sell jewelry before.

I know my buddy tried to take his rolex back to a store and they offered him half what he paid and they would have turned around and sold it for double the offer.
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