Take the money and run...

[Porsche958]

Originally Posted by enjoythemusic

Did that in 2007 bubble for the Pateks as the company was obviously going downhill, cashed out on most of them.

Keeping the Rollies during this bubble because i trust Rolex :)

There was a Rolex bubbleback "bubble" in the 80s, everyone wanted one and couldn't get one and now look at their values.

[Watch This]

Originally Posted by beshannon

Why?

I actually like owning and wearing watches.

Besides, watches are peanuts, I made more on three equity positions last week alone than the entire value of my collection.

That's special.

[greengold]

Originally Posted by sdh1980

Given the uber inflated prices of some Rolex and Patek models these days, does anybody else look at their collection and think of 'cashing in'. Or has anybody actually done this?

My wife often talks about me doing it and my response is 'and then do what?'

Whilst I understand that the sentiment around here is that watches are not investments, the grey market prices of some models (Daytona and Nautilus in particular) surely some people will be starting to give this some serious consideration

Get an Omega

[greengold]

Originally Posted by mongrelnomoad

I have a BLNR - bought to be a beater. I was looking around Burlington Arcade in London a few months ago when I was offered, unsolicited, more than double what I paid for it. That's before even beginning to bargain. Truth is, I'm not in love with the watch. It serves a purpose (water resistant because of three young kids, GMT), but I recently bought a Casio G-Shock for a trip to South Africa and, in all honesty, it plays the role better. Steel Rolexes have become such a commodity that they're devalued as tools, and exist more as conspicuous assets, and I must admit I really don't like that.

I've been toying with the idea of selling it... the problem is I wouldn't do anything specific with the money (I like other watches, but they cost substantially more), and my wife likes the watch...

Ask me again in six months.

Exactly with you..hence i'm using this as an excuse to get the new Seamaster and stick my Hulk in the wardrobe :)

[Panader]

The issue I have is that I paid retail for my Batman because I was happy to buy it at that price. I would not pay 14 or 15K USD for a Batman. If someone offered me the money I would sell my Batman, I just do not know how to sell the watch.

I would like to know about collectors who sell their watches, is it standard to have the watch polished before you sell it? I see that all the greys polish the watches, I would feel bad to hand over my watch with its thousands of tiny scratches all over it.


Do you have the watch polished before selling?

[mschafer]

If I had multiples I would sell right now. Money has no place to hide. So watch prices are high. But I love what I have and I own for a reason. So. No, I’m not selling anything.

[multimedia]

Originally Posted by Solo118

My one and only rule is if you do not enjoy/wear it any longer, let it go. Does not matter what is going on with the market.

I couldn’t agree with you more. I have always followed this “rule”, and not just when it comes to watches.

Cheers,
Joe

[1665fan]

Originally Posted by Panader

The issue I have is that I paid retail for my Batman because I was happy to buy it at that price. I would not pay 14 or 15K USD for a Batman. If someone offered me the money I would sell my Batman, I just do not know how to sell the watch.

I would like to know about collectors who sell their watches, is it standard to have the watch polished before you sell it? I see that all the greys polish the watches, I would feel bad to hand over my watch with its thousands of tiny scratches all over it.


Do you have the watch polished before selling?

Never polish...let the next owner decide

[gtnator]

You can sell now and buy back lower after the next recession


Sent from my iPhone using Tapatalk

[vlps]

Originally Posted by TswaneNguni

Simple.Every Rolex I sold (Last one was in 2006) would have been worth MUCH more now .So,what was the point of selling them ?

Keep them

the people that held onto bitcoin at $20k in 2017 were telling themselves the same thing

[gtnator]

Originally Posted by Panader

The issue I have is that I paid retail for my Batman because I was happy to buy it at that price. I would not pay 14 or 15K USD for a Batman. If someone offered me the money I would sell my Batman, I just do not know how to sell the watch.

I would like to know about collectors who sell their watches, is it standard to have the watch polished before you sell it? I see that all the greys polish the watches, I would feel bad to hand over my watch with its thousands of tiny scratches all over it.


Do you have the watch polished before selling?

No polish. You don’t know how to sell you’re watch? I’ll teach you, sell it to me!


Sent from my iPhone using Tapatalk

[snyde]

Does anyone have experience buying Rolex during a down market?

[dnpina]

I think about selling all my stainless all the time. I just need an easier way to get rid of them


Sent from my Pixel 2 using Tapatalk

[faldoc]

Sell them if you think of your watches as assets to be traded away, with no sentimental value.

I'm keeping my SubC because it's a grail piece for me, even though I could bank a few grand, and the gold Rolex my late Mom gave me 30+ years ago can never be replaced.

I have other assets, collectibles worth much more than my watches that I'm considering selling, because it takes time to get rid of some of them. I've had my fun with them, and my family members have no interest in them.

[Bearxj86]

Run

[DoctorA]

Keep what you like and flip what you don’t! Otherwise if you’re a true watch enthusiast, you’ll regret selling a watch you wanted, no matter what the price was!
If you’re in it for the business then all bets are off!

[Shopguy]

Originally Posted by snyde

Does anyone have experience buying Rolex during a down market?

Yes - I bought my D serial Coke GMT just over four years ago. I didn't know it was a down market though, and thought it was a bit expensive considering how it's price was close to a NIB Subc purchased six months before that. Now the GMT is worth double what I paid for it. And that doesn't matter because I enjoy that wondrous red and black object every time I wear it and I cannot imagine selling it.

[imgook]

I'd sell up and move into a bigger house.

[Steerpike999]

Selling pieces that are going for inflated prices means that you will need to buy pieces in an inflated market, assuming you still want a watch(s)?

[RolexJoe]

I would only sell them if I was in desperate need for money, to trade up to “better” pieces, or if I was getting bored with watches in general.

Sounds like your wife wants a new kitchen or bathroom remodel she’ll make you use your watch money for.

[peterpl]

Of course.

3 guys in my watch club already sold their 5711, 5980 and their Daytona C's - these are the highest they have been ever in history and they all felt this is a extreme bubble that wont last forever. Might as well cash in and in all honestly if you ever wore or held a 5711 does it really feel like a $60k watch? Or a Daytona C in SS feel like a $25k watch?

I dont think so......they feel nothing like an item of that value.

[HappyFish]

Originally Posted by peterpl

Of course.

3 guys in my watch club already sold their 5711, 5980 and their Daytona C's - these are the highest they have been ever in history and they all felt this is a extreme bubble that wont last forever. Might as well cash in and in all honestly if you ever wore or held a 5711 does it really feel like a $60k watch? Or a Daytona C in SS feel like a $25k watch?

I dont think so......they feel nothing like an item of that value.

Individual FLIPPERS for "little" profits are worse than any grey!

[glamorama]

Originally Posted by vlps

the people that held onto bitcoin at $20k in 2017 were telling themselves the same thing

I put in an order for bitcoin yesterday ;) meanwhile it’s gone up 8% :(

Think we are going to have a massive hype and FOMO in alternative assets if something happens with trade or oil

[sdh1980]

Originally Posted by RolexJoe

Sounds like your wife wants a new kitchen or bathroom remodel she’ll make you use your watch money for.

Sounds like you've been speaking to my wife!

[sdh1980]

Originally Posted by HappyFish

Individual FLIPPERS for "little" profits are worse than any grey!

The thing with 5711's and other Nauts etc is that they are not small profits..... we're talking 30k plus on some.

[bobabreath]

HOLD, the bubble might deflate a little, but only keeps getting bigger.

[HappyFish]

"Ms. Hausser has no intention of flipping it. “The feeling of having something that’s rare and that everybody wants is so much more valuable than ‘I had it and I sold it,’” she said."

https://www.nytimes.com/2019/06/25/f...with-envy.html

[grimps]

Ive made way for new watches over the years , some ive made money on some ive not .
If I ever needed the money I'd sell them all if I had to , they're only pieces of metal with no sentimental value to me.

[challer]

Originally Posted by vlps

the people that held onto bitcoin at $20k in 2017 were telling themselves the same thing

If you trade bitcoin, and I do, you're doing very well right now. Buy and hold works when buy and hold is correct. But trading is often more effective. Doubt this is true for watches, but bitcoin? You should be looking at the charts. When the price varies by +/- 10% per day, and transaction costs are relatively low, trading makes sense.

[challer]

Originally Posted by bobabreath

HOLD, the bubble might deflate a little, but only keeps getting bigger.

Tulips