Standards & glossary

Anyone can forward a listing. Vetting is the job.

We do not have testimonials on this page and we are not going to invent any. What we can show you before you pay anything is the standard the desk works to — the vocabulary, the checks, and the one rule that never bends. If you trade at any volume you will recognise all of it, and you will know within a minute whether we are serious.

01 · Intent codes

Half the acronyms in a dealer room mean "I am not actually transacting."

Getting this wrong does not produce a slightly worse answer. It produces a confident wrong price, because quote-chasing looks exactly like supply until you separate them.

CodeMeansCounts as a real signal?
FSFor saleYes — real supply
WTBWant to buyYes — real demand
LTBLooking to buyYes — real demand
ISOIn search ofYes — relatively serious
NTQNeed to quoteNo — price chatter
LTQLooking to quoteNo — price chatter

NTQ and LTQ are excluded from every price we calculate and every comparison we show you. A dealer asking to be quoted is not a dealer selling. Count those two as listings and you inflate apparent supply, invent spreads that were never there, and end up quoting a market that does not exist.

02 · Condition ladder

These are not synonyms, and the gap between them is money.

BNIB
Brand new in box. The top of the ladder and the only rung that means exactly what it says.
NOS
New old stock. Newer condition, but likely an older watch. Condition and age are separate facts here and collapsing them into one is how a piece gets mispriced.
Like new
Could have markings. Not BNIB. If a seller reaches for this phrase instead of BNIB, there is usually a reason and it is worth finding out what it is.
Retail ready
Polished to look better than it is. May still carry marks. This is a presentation state, not a condition grade, and it should never be compared like-for-like against BNIB.
Fresh date
Recently sold from the authorized dealer. Carries a premium. An old card date does not.

03 · What actually decides the number

Two listings of the same reference are not the same asset.

Price alone is not comparable. Every one of these moves it, and every one gets stated when we put a piece in front of you.

CONDITION

Where it sits on the ladder

Per the five rungs above, said out loud rather than implied.

ACCESSORIES

Box, booklets, tags, card

Green and white hang tags included. A full set is a different asset from a watch-only, not the same watch with a bonus.

CARD DATE

When the AD originally sold it

A fresh date is a premium. An old one is not. It is a fact about the paperwork, not about the condition.

SHIPPING RISK

Whose label it moves on

We pay the shipping and we use the seller's label — their label means the transit liability is theirs. That is a risk position, not a courtesy.

AFTERMARKET

Confirmed original

Bezel, dial, diamonds. Aftermarket parts change the asset entirely, so their absence is confirmed rather than assumed.

AUTHENTICITY

Serials, papers, source

Verified before anything is vouched for. We do not vouch for a watch on the strength of who forwarded it to us.

04 · The hard rule

The one that does not bend, for anyone, ever.

"Before offering a watch that isn't ours, it must be confirmed that it is available."

Listings in these rooms go stale in hours. Offering a watch that has already sold burns credibility in a market small enough that everyone talks — and you only get to do it once. So a match the desk finds is a lead, not an offer, until a human has confirmed with the holder that it is still there.

We under-promise on purpose. The words are "I may be able to source a [reference] — let me confirm availability and come back to you." Never "I have it," when we do not control the watch.

Payment goes through a protected rail where the deal warrants it, and we will tell you when we think it warrants it even though it slows the deal down.

No travel without a deposit, on either side. Fronting your time and your inventory position is still fronting something you cannot recover.

Fees are agreed before the work starts, in writing, per deal. You will never find out what this cost you at the end.

Nothing about your trade leaves the desk. No names, no screenshots, no shopping your ask around the market with your identity attached to it.

05 · What we are not claiming

The part most sites leave out.

We are an independent desk, not an authorized dealer, and not affiliated with any manufacturer. We do not hold the whole market — we hold relationships inside part of it, and there will be references we cannot find for you. When that happens you will be told quickly rather than strung along, because your next best move is worth more to you than our next commission.

There are no member counts, deal totals or testimonials anywhere on this site. When there are numbers worth publishing, they will be real ones, and they will be dated.

Next step

If that reads like how you already work, join.

Two minutes, and a straight answer either way.