or the Gold Special Sale.
Today, I sold a gold bracelet that I’ve owned for a long, long time, a present from a colleague when I first started work.
Since we’ve stopped seeing each other also for the longest time, I’ve stopped wearing that bracelet for heavens’ know how long.
I had wanted to sell the bracelet when gold last crossed the USD1,000 but somehow the friends who accompanied me to Chinatown to make the transaction and I got cold feet back then.
Selling a golden gift from a friend had seemed like lacking in sentimentality about a once good friendship, never mind that that friendship has faded to a blank, very much like images on thermal paper.
I sold the bracelet today, although it had started out as a trip to a second hand Rolex dealer at People’s Park to sell my Lady DateJust, another present from another friend. Like the bracelet, the watch had been sitting in my $428 per year safe deposit box at the bank for more than 15 years.
Again, while I’ve toyed with the idea of getting rid of it, I didn’t know where to sell it for a price that reflected its true value. In short, i didn’t want to be cheated. Unlike stocks and shares, there’s no transparent market for a second hand Rolex.
Then a friend casually told me the other month that “I sold mine 2 years ago, I think…it was in the safe box for more than 20 years…sigh…finally, I decided that I really will not wear it anymore as the face is too small for me..”
So naturally I found out from her who did the deal for her and so on, and this morning, she and I met Vincent the dealer, who incidentally didn’t look in the slighest bit shady or terrifying like one imagines dealers of second hand watches would be.
However, despite being affable and patient, the price of $3.5K he quoted for my Rolex was quite disappointing. Although I have no idea what the price was when the watch was new, I had always imagined that it would hold its store of value well.
Still, we didn’t leave Vincent without me selling him something, although he assured me it was a straight throughput to the gold dealer “upstairs”, with him taking nary a cent.
He took the bracelet for $1,500! Which surprised me a little because the person who gifted me with it could not have spent much on it, as we had both just started working and neither of us earned a lot.
The moral of the story? Gold jewellery from no-name jewellers holds value a lot better than gold accessories even if they come with top brand names like Rolex!