Bruno.M1
4146
ìs it still bad to flip asap in this crazy market ?
I mean, wouldn't it be crazy not to ?
Most of us will have some watches that are more valuable then when we bought it. I'll take my 5070R as an example. It was I believe 36K euro in 2006. At that time the second hand value was about the same maybe a bit more or less but the difference was less than 10%. Today, 13 years later a complete set and watch in very good condition will be close to 65K euro. So that watch increase more or less 4.5% per year during 13 years. Which is imo acceptable and not hyper inflated So after all a good and safe return.
I did not buy the watch with that intention and I don't have plans to sell it. But if I would it would be acceptable and I would not be one buying watches to make a profit, right ? Selling after 13 years is part of building up a collection
Now on the other hand.... What if I had a Nautilus 5976 (white gold 40th anniversary) That watch costed 85K in 2016-2017 and some snobs are insane enough to pay 220-250 K for that piece today. I mean ... If you can triple your money in 2 years, wouldn't it be crazy not to? This is imo unsustainable and I think one day these insane prices will cool down. What If I would sell it for 240K and hoping I can buy and again in 2022 for let's say 130K IF the hype is gone.
Or what if I would flip it and buy a 5370 (platinum split second) with that money ? If you can change your 85K Nautilus for a 230K 5370 ( which is imo a 100 times more beautiful and important patek) Who wouldn't ?
The 5976 is just one example. We can also take the 5711. If you bought one at list 6 months ago and you could swap it for a 5070G. A simple 'entry level' steel nautilus for an iconic white gold chronograph
Or take another example : Rolex.
Imagine you were not at all interested in this brand but you can get a steel Daytona or GMT BLNR - BLRO pretty easy. Would you buy these , flip them and get for example a Lange 1 almost for free with the profit ?
Unfortunately I like these Rolexes so I don't want to sell them but I can't blame others do use them to buy other watches cheaper
More posts:
ìs it still bad to flip asap in this crazy market ?
I mean, wouldn't it be crazy not to ? Most of us will have some watches that are more valuable then when we bought it. I'll take my 5070R as an example. It was I believe 36K euro in 2006. At that time the second hand value was about the same maybe a bit m...
The thing is that I don't buy a watch to flip it, but because I really like it. So I would not buy a Daytona to just flip it and fund a watch. Your first example ( 5976 ) is more interesting
Let's imagine I like the watch, and that I buy it because I like it. If someone makes me a crazy offer to trade it for a 5370P; I would happily accept. If I also owned a 5711 and a 5712, I would also include them in the trade to get the 5370P! But I would...
Flipper
I think your 5070 example is far from a case of flipping. Over time everything has become more expensive and replacement cost has inflated. So if you sell you would likely spend equal or higher amount to replace it with something equivalent to you. Now fo...
Your points are quite logical and rational
so the point is not so much whether one should flip one's watches but how long after buying it would flipping it be 'acceptable'. I posed this question to a senior employee of Patek Philippe who I had lunch with last week and he mentioned 3 to 5 years whi...
13 years holding is not really flipping (at least how I think of it).
Flipping is buying your Batman on Monday and listing it on Chrono24 on Tuesday. Btw: hard to not justify for some individual owners. Individual owners aren’t the problem. I believe the issue is that there are “syndicates” who buy wholesale from the distri...
I agree with many of the previous comments. Let me only add that "flipping" or speculation are in my opinion also determined by *why* we buy a certain watch in the first place...
To make a quick example, because of ethical reasons I would NOT buy a 5711 at retail today *in order to* sell it and fund a $60k watch tomorrow (or even worse, to just cash the $60k). But I would have no moral beef in the event I bought the same 5711 toda...
I think keeping a watch a year or two and selling is NOT flipping, especially if you don't love it
For instance, I bought a Grand Seiko high-beat 18 months ago. It was beautiful but didn't fit my wrist well, and I just didn't like it. Nothing against GS, or the individual watch - but we didn't click. I held on, thinking I'd get to love it, but I didn't...
To flip asap is bad imo, because ...
your AD allocated the “desirable” watch to you due to your good relationships and business. He or she may get into trouble, heard “fired” if Brands like Rolex found out and complains to the AD. If you own it for few years and like the case of a “simpler” ...
I can only speak for myself.
I’m not on any ADs list really. Once an AD I know gave me a great deal on something that I could have flipped, but I wasn’t interested in the watch so I passed. I buy to wear them. But, I flipped my Nautilus chrono. There I said it. But I wore it for 2-3 ...
Ever since the market went up like this
I keep asking myself similar questions. I also agree that owning a piece for 13 years shouldn’t be called flipping. If you did trade it for something else, make sure you love the new piece as much. After all, owning it for 13 years means a lot. Recently I...
To flip or not to flip
This is an extremely interesting post. The point is that I buy watches I love and I find it difficult to let them go. Take the 5712: I paid it 28k and now I could easily sell it for 65k, but I cannot resolve to pull the trigger. Or the Daytona inverted 6 ...
