Bruno.M1
4146
ìs it still bad to flip asap in this crazy market ?
Jun 07, 2019,23:27 PM
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