Seeking Advice on High-Value Jewellery Deal – £500K+

[iamfromlondon]

Dear fellow top eBay sellers,

I’ve been approached by a serious buyer interested in purchasing high-end luxury jewellery and watches totaling over £500,000.

I want to offer the best possible prices while ensuring authenticity and a safe transaction. However, the buyer is clearly looking to make a profit himself, so I’m trying to understand if there's still room for margin on my side.

My main questions:

• Where can I source genuine luxury pieces at competitive prices?
• What’s the safest way to carry out such a high-value transaction?

Any insight or advice from those experienced in high-ticket deals would be greatly appreciated.

Thank you

[tressygirl]

I would treat this with suspicion.

You do not have £500,000 worth of items for sale, so why would he be offering that sum for items you do not have?

Looking to buy ' off eBay' from you could see you lose your account.

@iamfromlondon 

[papso22]

No-one with any sense would use ebay for what you are planning to do.  You would pay business seller fees for a start.

[red_magpie]

What’s the safest way to carry out such a high-value transaction?

Not to do it.

Ask yourself why a sugar-daddy buyer with £500k to spend and who wants to make a profit on it themselves would approach a small private seller on eBay to buy these items through them? A seller who even has to ask where they might be able to get them from??

To say that it sounds suspicious would be an understatement. No-one who understands the risks of selling high-value items on eBay would even think about doing this.

Does your question have anythng to do with eBay anyway? If this buyer specifically wants to buy these from you, and you trust each other as "genuine", why would you list and sell to them through eBay, with all the risks, fees and taxes involved?  (You would have to register as a business seller, (HMRC would soon be on your case as a "private seller" with £500k sales!) Your buyer couldn't even be sure that other buyers wouldn't buy their items first.

Nothing about this makes any sense unless you're being set up for a scam. If you're not proposing to sell them through eBay it's up to you, but you shouldn't be using this board to ask for business advice.