Seiko 7A38 - by the numbers

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Forum Home > eBay, LeBonCoin, Mercado Libre, Yahoo Japan, etc. > eBay Re-Sellers / Deja Vu / 'Make a Fast Buck' Profiteering Part 2

Seiko7A38
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Posts: 8886

Most of us (and certainly anybody who might have wanted one) will have observed the almost never-ending stream of NOS 7A28-7029 SPR014J's listed by US eBay seller bobcohen over the last 9 months. I've referred to them in a couple of different threads, including this one. The majority of them have sold for around $150, which if 1980's bling is your thing, represents something of a bargain. :)

Bob's most recent listing ended on 2nd December:


http://www.ebay.co.uk/itm/190982840826


Call me cynical if you like (you know I am), but this appearance of a NOS 7A28-7029 listed overnight by another US eBay seller asking $500 as a Buy-it-Now is just too much of a coincidence. 


http://www.ebay.co.uk/itm/151182829696


December 6, 2013 at 7:52 AM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

No definitive proof (as yet) - and it's very likely that Ninjawatch uses a different eBay ID for buying. But I'm on the case. 


Here's Bob's previous listing for a NOS 7A28-7029, which ended on 14th November; this one selling for a mere $125:


http://www.ebay.co.uk/itm/190960849955


Interestingly (and coincidentally) that one was bought by someone with a feedback rating very similar to Ninjawatch (613 vs 612).


http://feedback.ebay.co.uk/ws/eBayISAPI.dll?ViewFeedback2&userid=bobcohen&ftab=FeedbackLeftForOther




Whoever g***g (or g***h) is, they are either a very active collector or a dealer - based in the USA - note the US spelling of Jewelry:

http://offer.ebay.co.uk/ws/eBayISAPI.dll?ViewBidderProfile&mode=g***h




While I'm at it, here's Bob's previous listing to that one, which ended on 29th October, selling for $147 (but note the different style box):


http://www.ebay.co.uk/itm/190940246552

December 6, 2013 at 9:19 AM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

Those of you already fed up to the back teeth of my various rants, railing against the nefarious activities of profiteering re-sellers on eBay had better look away now - because I'm about to start another one !


Apart from the Name and Shame thread in the Members Lounge section,

we've already got various threads in this public forum section dedicated to:

Timely_Classic (Steve Jones), Worldwideweb66 (Wai Phyo), Martinachertok, Jeff Resnick, Andrew J Smith - to name just a few. 


For now, at least, this relatively new topic is going to be kept solely for tracking the profiteering re-selling activities of Ninjawatch.


The thing about Ninja's is that they're supposed to be stealthy. 


This most recent newcomer to try and jump on the 7Axx fast buck profit bandwagon is about as subtle as a wall of flying bricks.  


January 22, 2014 at 12:38 PM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

Enough of the preambles. Time to bring this thread, kicking and screaming bang-up-to-date, methinks. These things need to be writ. 


My own fault possibly, in not previously following up on my post of December 6th, but that 7A28-7029 did indeed re-sell for $500 ! :o


http://www.ebay.co.uk/itm/151182829696


It took Ninjawatch less than a week to find a gullible mug punter who clearly hadn't studied the market.  


So I went looking through Ninjawatch's feedback to see if I could find the poor sap who paid 3 times the (recent) going rate ....

Meanwhile, he'd realized what easy money this was and gone looking for another mug punter. Instead, I found this 7A28-7020.




I may have missed it while it was live, but once again this other common-or-garden 7A28-7020 gold tone was priced at $499.99. :o


http://www.ebay.co.uk/itm/151207884335


According to Goofbid's eBay Best Offer tool this one sold for a slightly more down-to-earth $232. Still way O.T.T. though. :roll:




Quite frankly with there being SO many gold-tone 7A28-7020/9's on eBay in the States lately, I'm not about to waste my time trying to figure out which one it was that he bought, nor how much he actually paid for it - but I suspect it was less than a hundred bucks !


No what REALLY p!sses me off about profiteering re-sellers is when they start dabbling in 7A38's. Which is what Ninjawatch did. 


January 22, 2014 at 1:25 PM Flag Quote & Reply

Seiko7A38
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Posts: 8886

His recent attempt to make a fat fast profit on a 7A38-7010 that was previously fitted with a completely incorrect black chrome bracelet

which he himself in winning that auction paid far too much for, then swapped the bracelet for another incorrect stainless bracelet have already been documented in this thread, which I've subsequently re-named and moved to become our 7A38-xxxx model specific topic.


So to save myself some time and effort, I'm simply going to copy and paste the relevant parts of / complete posts over into this thread.


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At the original opening bid price of $245 / £150 - presuming you had an original Seiko p/n Z1118S bracelet going spare, it might have made sense. But not at the price where the bidding subsequently ended 3 days later - at $367 / £225. Well not in my book anyway. 


http://www.ebay.co.uk/itm/221337092231

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Originally posted (by myself) December 18, 2013 at 3:33 PM

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Now it's an even less attractive price. :roll: By a factor of almost 100%. :o

Here's a straight copy and paste of my post from the other thread:


The title of this topic is something of a mis-nomer in this case:

Yet another 7Axx on an undisclosed non-original bracelet ....

Because this 7A38-7010 listed overnight by a would-be profiteering US re-seller is one and the same watch, s/n 3N1815.




http://www.ebay.co.uk/itm/161180500460



Rare Vintage SEIKO 7A38-7010 Chronograph from 1983.

Watch is in excellent condition with minor marks.

Quartz movement is running, and keeping time.

Day/Date is English, and German.

Stainless steel bracelet will fit up to a 7.5 inch wrist, and has removable links for shortening

Buckle is marked "SEIKO SQ".

Chronograph starts, stops, and resets to zero.

Dial is flat black with glossy sub dials. White hands and markers really pop against the black background.

All button functions working.

Case is sand blasted.

Case back is screw down and still has original oval sticker.


Although the tired-looking stretched stainless bracelet this wise-A$$ would-be re-seller has fitted may look more like the original Seiko p/n Z1118S (well at least it's the right colour) - it isn't one; it's a much older p/n Z187, which has a brushed finish, not silver-anodised.


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Originally posted (by myself) December 22, 2013 at 11:47 AM

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Would-be profiteering US eBay re-seller ninjawatch's 30 day listing for his 7A38-7010 (see my post of December 22) has just ended.

Needless to say, with a ridiculous Buy-it-Now price of $800 (compared to the $366 he over paid for it himself less than a week earlier) and despite the listing having 28 watchers at one point, it remained unsold:


http://www.ebay.co.uk/itm/161180500460


Ninjawatch received a total of 4 offers; three on the first day from the same person: the highest of which $500, he'd have done well to accept. Instead, in a typically speculative greedy manner that's becoming all too familiar nowadays, he held out for more - in vain. 


http://offer.ebay.co.uk/ws/eBayISAPI.dll?ViewBidsLogin&item=161180500460



To my amusement, the other offer he received on January 1st was for $250 - $5 more than the price I reckoned the watch was worth !

I'm sure that if I searched eBay I could come up with a knackered old 20mm Seiko SQ bracelet that looked the part for $5 in no time. ;)

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Originally posted (by myself) January 20, 2014 at 11:11 PM

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January 22, 2014 at 2:15 PM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

Whether that 7A38-7010 will re-appear at a later date (on another different bracelet) remains to be seen. However, if I was Ninjawatch, I would seriously be considering contacting m***r and asking him if he was still interested in buying the watch for the $500 he'd offered back on December 22nd - and if he hasn't already done so, completing the transaction off eBay, rather than face another debacle. 

January 22, 2014 at 2:48 PM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

Meanwhile overnight, this chancer decided to list another 7A38 at a grossly inflated price: a stainless 7A38-7289 - again asking $500


http://www.ebay.co.uk/itm/151215629236


Vintage SEIKO Chronograph 7A38-7289 .

Watch is in excellent condition with light marks from gentle use.

Quartz movement is running, and keeping time

Crystal is clean, no scratches.

Original bracelet will fit up to a 7 inch wrist, and has removable links for shortening

Buckle is marked "SEIKO".

Chronograph starts, stops, and resets to zero.

Day and date function as they should

All button functions working.

Stainless steel case looks excellent, no dings.

 

Check out my other watches!

 

Trust me, Ninjawatch .... I AM checking them out. :P Here's where you bought this one - less than a week ago - for $69.99 !! 


http://www.ebay.co.uk/itm/291059541822


If you're in any doubt, (I wasn't) it's an easy matter to check the serial numbers in photos of the case-backs in the two listings: 7N1495


January 22, 2014 at 2:55 PM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

Whether that 7A38-7010 will re-appear at a later date (on another different bracelet) remains to be seen ....


No surprise - here it is again, still fitted with the same incorrect bracelet, re-listed for another 30 days at the same $800 asking price:


http://www.ebay.co.uk/itm/161205901056


January 23, 2014 at 12:46 AM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

No definitive proof (as yet) - and it's very likely that Ninjawatch uses a different eBay ID for buying. But I'm on the case. 


My recent bit of eBay detective work is starting to provide some answers. I certainly was correct about my above assumption. 8)


However, I nearly wrong-footed myself earlier. Difficult to explain in a few words, but eBay have made it more difficult to track down individual eBay ID's since they started obscuring buyers ID's in feedback. I'd recently noticed a lot of bidding activity on Seiko 7Axx's by an ID that showed in abbreviated / encrypted form as g***h (640). I had initially incorrectly assumed that was the alternative (buying) ID for Ninjawatch - hence why I posted a screen print of their recent activity in my second post on December 6th. I was close, though. ;)


To understand, you need to look at the two winning ebay ID's for Bob Cohen's last two NOS 7A38-7029's that he sold.


This is the eBay ID I had originally suspected - and was homing in on:



But this is the one I really should have been looking at (of more anon):




However, g***h (640) wasn't entirely innocent in this matter either. But he did unwittingly help solve my little quandry. :D


January 23, 2014 at 4:46 PM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

Unfortunately what I confidently wrote yesterday, a few posts above:


For now, at least, this relatively new topic is going to be kept solely for tracking the profiteering re-selling activities of Ninjawatch.


.... is going to have to go by the board - because it seems I might potentially have been talking about 2 profiteering re-sellers ! :o


My only excuse can be (apart from the fact that I'm not really that interested in 7A28's) is that there have been SO many gold-tone 7A28-7029's listed on eBay in the States lately, ranging from tired worn-out junkers to NOS with tags, I really can't be arsed to look at every single new listing that comes up. Fortunately (but possibly not for the seller), earlier this evening I happened to click on this one:


http://www.ebay.co.uk/itm/171222697910



When I clocked the eBay seller's ID - hairspring (640) it clicked immediately - this is the mystery 7Axx bidder / buyer g***h (640) ! :D

O.K., so with Bob Cohen's listings not including any case-back photos (in fact he re-used the same photos for some of his listings) ....

I have no concrete evidence which proves beyond doubt, this is exactly the same 7A28-7029 that he sold on 14th November for $125:


http://www.ebay.co.uk/itm/190960849955


But you only have to scroll down through bobcohen's and hairspring's respective feedback to prove there's a connection:




Belated Edit:


Prior to writing this post, I had sent a message to the eBay seller hairspring, giving him a 'heads up' on the existence of this thread.

Although not currently a member, he is already regular vistor to this forum. Perhaps he felt unduly maligned by what I had written ....

Because in due deference, he ended that listing in the early hours of this morning:


http://www.ebay.co.uk/itm/171222697910



The offers he had declined were for: $140, $160 and $175. He then relisted it as a Buy-it-Now for $185 and it sold this morning:


http://www.ebay.co.uk/itm/171225973874


Obviously, he didn't wish to be tarred with the same brush as profiteering re-seller Ninjawatch. :P

I trust that puts the record straight, Don. ;) I just hope the subsequent posts still make sense. :/


January 23, 2014 at 5:19 PM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

The observant among you will, of course, have noticed that in the feedback the abbreviated encrypted ID shows as g***g - not g***h.

That was the point I'd tried to make in my second post: Whoever g***g (or g***h) is, they are either a very active collector or a dealer.

Like I said, eBay's latest form of ID encryption doesn't make it easy. :roll:


Trying to nail down the other culprit who I now knew was the alternate buying ID used by Ninjawatch proved rather more difficult. 

Particularly if you look at how it appears in abbreviated form in Bob Cohen's feedback:




Not only does it show there as o***u instead of t***a - but their feedback has also increased from 1649 to 1650 during this evening.

Apart from a moving target, I knew I was looking for an eBay ID that included the letters t, a, o, and u, but not necessarily in that order.

Remembering that I was also looking for an alternate user ID for Ninjawatch, I started searching for an eBay ID that included 'watch'.

Process of elimination My dear Watson. It didn't actually take me that long to find it: Watch-co-usa 8)


Scroll a little way through their feedback (as a buyer), and not only will you find Bob Cohen:




But also this feedback left them by the original seller of the 7A38-7010 on the incorrect (black chrome) bracelet:




and this rather more 'matter of fact' statement, left recently by the previous seller of the stainless 7A38-7289:




Ninjawatch has not yet reciprocated on either of these. Perhaps he delays leaving feedback until after he's re-sold the watches. 


January 23, 2014 at 6:14 PM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

Like other dodgy dealers I've previously encountered on eBay, watch-co-usa has gone through a couple of name changes:


http://contact.ebay.com/ws/eBayISAPI.dll?ReturnUserIdHistory&requested=watch-co-usa



As has Ninjawatch: http://contact.ebay.com/ws/eBayISAPI.dll?ReturnUserIdHistory&requested=ninjawatch



There may be no obvious connection in the choices of user ID's, but both give their locations as: Bothell, Washington, United States.


January 23, 2014 at 7:09 PM Flag Quote & Reply

donwatch
Member
Posts: 504

Paul, guess who bought the NOS 7A28-7029 last night for $185.00? -----> watch-co-usa --- Ha let's follow it. Don

January 24, 2014 at 5:11 PM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

Aw Don !! :o You're not actually gonna sell (i.e. mail it to him) are you ? :/

January 24, 2014 at 5:17 PM Flag Quote & Reply

donwatch
Member
Posts: 504

Must take watch to Post Office, so I can tell everyone how glad I'm retired from USPS ---> again !

January 24, 2014 at 5:25 PM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

Look, Don.  I don't want to come over all high-handed, but .... PLEASE DON'T supply it to him. 

Refund his money and tell him to F  off, just like he told you, when you messaged him about the 7A38-7010.


You know what will happen: 5 days time it'll be back on eBay with a minimum $499.99 Buy-it-Now price tag.

And he will find another mug punter. Just like he did with the last NOS 7A28-7029 he got from Bob Cohen.

Took him less than a week last time.


Or think of it this way - it's $375 profit YOU could be making yourself, instead of that profiteering S.O.B. ! 


January 24, 2014 at 5:31 PM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

Not exactly a surprise - ANOTHER NOS 7A28-7029 with a $500 price tag !  .... just that it took Ninjawatch so long. :roll:


http://www.ebay.co.uk/itm/161216651465



This is presumably the same NOS 7A28-7029 which Don sold to Watch-co-usa / Ninjawatch for $185 a little over a week ago.

However, if you check the case-back serial number in his last photo - # 432265, it doesn't match Don's, which was # 3N0289.





Simple explanation. Instead of taking a fresh set of photos of the actual watch he is re-selling, this time ....

Ninjawatch has conveniently re-listed his earlier listing which ended on 11th December, thereby carrying forward that set of photos. 


http://www.ebay.co.uk/itm/151182829696



February 3, 2014 at 6:59 PM Flag Quote & Reply

Seiko7A38
Site Owner
Posts: 8886

donwatch at January 24, 2014 at 5:11 PM

Paul, guess who bought the NOS 7A28-7029 last night for $185.00? -----> watch-co-usa --- Ha let's follow it. Don


Ninjawatch has not yet reciprocated on either of these. Perhaps he delays leaving feedback until after he's re-sold the watches. 


By the way, Don .... Has he left you a glowing positive feedback for the 7A28-7029 yet ?  


February 3, 2014 at 8:00 PM Flag Quote & Reply

donwatch
Member
Posts: 504

Maybe, because I havn't left any for him ?

February 3, 2014 at 9:03 PM Flag Quote & Reply

donwatch
Member
Posts: 504

Paul ---What Ninjawatch left  this morning--->A gentelman ebayer. Honest and acurate. Delivered on time. Nice watch, thanks--I have not reciprocated

February 5, 2014 at 10:28 AM Flag Quote & Reply

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