Take the money and run...

[RyanJ]

I did it. I sold 5 Rolex watches and a Patek. All bought for deep discounts (except the Patek) from an AD a little over 2 years ago. I sold a little while ago at massive profits.

Truth be told, I was not wearing these as I dislike watches with big bezels but thought they would grow on me. They didn't.

I bought a Grand Seiko Snowflake because I love the movement in it and the titanium case.

I bought an OP39 White dial and I bought an Explorer. These are my 2 favorite Rolex watches that will stay with me.

I bought a Zenith dress watch but gave it to a family member.

The rest of the watch money is sitting while I take my time finding the right pieces. No more buying unless the watch really speaks to me.

[brandrea]

I enjoy my watches for what they are and honestly, I don’t think too much about whether they increase or decrease in price.

I’ve allocated a certain amount of money to owning the references that really speak to me, and I’m not selling any of them for financial gain. I truly enjoy wearing these little mechanical marvels and they bring me a lot of joy

As others have said, if you sell, then what?

[maxymax]

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

In my case, a firm & absolute NO!

[Tmac478]

I have a few models that have skyrocketed in value since I purchased them (16710 and AP-15400), but I would never think of selling either of these. The thought of maybe missing them so much that I'd have to purchase them again at a ridiculous price is much stronger than the thought of making a quick buck.

[Calatrava r]

Buy low sell high. Problem is you have to pay taxes on all the gains. I rather keep the watches.

[CoveWatch]

Gotta say I've lately thought about selling one watch and buying another complicated piece with it.. still thinking about it

[OpusXIII]

Originally Posted by mattfa999

No disrespect but .... the above comment is one reason so many people have had it with this forum and Rolex in general. To many people who post here, watches are NOT peanuts and in fact represent a lifetime of saving and budgeting to make what could be a once in a lifetime purchase. Shame on you for belittling so many people who post and read here.

Excellent post. Comments such as the above are - in part - why many are turned off to the forums of late.

[OpusXIII]

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.

https://www.youtube.com/watch?v=5hR5YNqE3K8

[superdog]

been there, done that.

[ap1]

Originally Posted by Tmac478

I have a few models that have skyrocketed in value since I purchased them (16710 and AP-15400), but I would never think of selling either of these. The thought of maybe missing them so much that I'd have to purchase them again at a ridiculous price is much stronger than the thought of making a quick buck.

Exactly where I’m at with my Daytona C black. Hard to ignore the insane prices
But everytime I think about firing up watchuseek I get sick, thinking it’s impossible to re-acquire NIB from AD

[LooseCann0n]

Originally Posted by Calatrava r

Buy low sell high. Problem is you have to pay taxes on all the gains. I rather keep the watches.

No taxes due in the UK...

But still no!


Sent from my iPhone using Tapatalk

[fwhawk]

Originally Posted by jsausley

You can't replace them for less. Your only option is to hope prices go back down. They won't, unless the economy crashes, and if that happens then any asset you would buy instead of your watches will have lost value too.

The economy doesn't have to crash for a bubble to burst (see Ferrari in the early '90s). The only question is "do we have a bubble"? I'm not wise enough to know, but I certainly don't rule out the possibility.

[123Blueface]

I have never sold a watch of mine, nor do I ever plan to.
Love each and everyone I own and bought them for the love of watches, not to profit.
They will all be passed down to my son and grandchildren.

[cervie599]

I met a guy at a jeweler who collected some Panerai's over about 15 years. he traded 6-8 in and bought a new Sub and a Richard Mille. This was three years ago.

[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

[maxymax]

Originally Posted by 123Blueface

I have never sold a watch of mine, nor do I ever plan to.
Love each and everyone I own and bought them for the love of watches, not to profit.
They will all be passed down to my son and grandchildren.

Exactly this!

[hbombkid]

I don’t really have a model that is way above retail. I have a sub so it’s nice I could make a couple bucks but only way I would really sell would be to buy a different watch. There is nothing in my price range atm that I would want to sell my sub for.

Now lol if I could sell my sub and aqua terra and get an MSRP Daytona C. I would sell that and buy something PM, but that’s not gonna happen

[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 :)

[m j b]

Originally Posted by sdh1980

has anybody actually done this?

Sure. I did it, sold the BLNR, made a few shekels.

Why not? It wasn't anything special, just a watch. I bought another one (another watch, not a GMT). I rarely used the GMT function.

[Fleetlord]

Originally Posted by mattfa999

No disrespect but .... the above comment is one reason so many people have had it with this forum and Rolex in general. To many people who post here, watches are NOT peanuts and in fact represent a lifetime of saving and budgeting to make what could be a once in a lifetime purchase. Shame on you for belittling so many people who post and read here.

There is a growing polarization here regarding these topics and it is exhibited precisely by the "offending" post and your subsequent response.

There is no doubt that there are members of this forum who have essentially limitless funds and resources.

Many of these are investors in a literal sense and work at it either professionally or as a "hobby".

This issue is that the dollar amounts surrounding watches (to these individuals) are absolutely insignificant. That's just the truth of it...

So it becomes frustrating to have the forum topics revolve around "investments" and "cashing in" when the monies discussed are "peanuts". It's a boring drone to them...

On the the flip side you have people who save to obtain the Rolex and are thrilled it's appreciating in value. They are enthusiastic about it and it directly clashes with those who 100% couldn't care less that their submariner is "worth" $3000 more than a year ago...

How long this goes on for is anybody's guess...perhaps a section devoted to market speculation would alleviate the intolerable suffering of those who aren't interested in that specific portion of the hobby...

[WatchNutcase]

I get too emotionally attached to my watches, no point in selling any for a small gain.

[TswaneNguni]

Originally Posted by Fleetlord

There is a growing polarization here regarding these topics and it is exhibited precisely by the "offending" post and your subsequent response.

There is no doubt that there are members of this forum who have essentially limitless funds and resources.

Many of these are investors in a literal sense and work at it either professionally or as a "hobby".

This issue is that the dollar amounts surrounding watches (to these individuals) are absolutely insignificant. That's just the truth of it...

So it becomes frustrating to have the forum topics revolve around "investments" and "cashing in" when the monies discussed are "peanuts". It's a boring drone to them...

On the the flip side you have people who save to obtain the Rolex and are thrilled it's appreciating in value. They are enthusiastic about it and it directly clashes with those who 100% couldn't care less that their submariner is "worth" $3000 more than a year ago...

How long this goes on for is anybody's guess...perhaps a section devoted to market speculation would alleviate the intolerable suffering of those who aren't interested in that specific portion of the hobby...

I miss the days when your Rolex was enjoyed and appreciated in used value to a level which you paid for it ,in a few years time.

Couldn't afford a new Sub,bought a used one ...now the used one is more expensive than the new one ! Crazy !

The current situation leads to strategy,tactics and relationship building and bundling and package deals and the flipper and Grey dealers selling stock on the internet which they dont even have and profit taking etc.
This is an unhealthy situation .

[kingSubTT]

Originally Posted by playford

"and then do what" is the question.

Unless you are trading it for another asset that you like better or really need the cash or god forbid your wife is mentally earmarking the cash for something else then no.

If someone said, I'm getting rid of these watches and buying a holiday home or a dream classic car or the like, then go at it.

Wait for market to crash. Buy it back and pocket the difference. However this can take more than few years :)

[kingSubTT]

Originally Posted by 123Blueface

I have never sold a watch of mine, nor do I ever plan to.
Love each and everyone I own and bought them for the love of watches, not to profit.
They will all be passed down to my son and grandchildren.

Only thing you can control is -> son. I don't know about grandchildren. kids these days don't appreciate stuff.

[TswaneNguni]

Originally Posted by kingSubTT

Only thing you can control is -> son. I don't know about grandchildren. kids these days don't appreciate stuff.

Usually as they mature,it gets better They just need a bit of life experience .

[Monte Cristo]

Originally Posted by brandrea

I enjoy my watches for what they are and honestly, I don’t think too much about whether they increase or decrease in price.

I’ve allocated a certain amount of money to owning the references that really speak to me, and I’m not selling any of them for financial gain. I truly enjoy wearing these little mechanical marvels and they bring me a lot of joy

As others have said, if you sell, then what?

[VicLeChic]

To fund something else (anything), yes. Just because prices are high without actually needing that extra cash, no. But it's money, you know better.

[RyanJ]

Like I have said. Any watch I do not wear, gets sold. I am not enjoying it so maybe someone else will.

Mine won't be safe queens. If I don't wear it or have the desire to wear it within 30-60 days, it's gone.

[jrs146]

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

You said it exactly right. I've been offered crazy money for my two Patek watches. but I think to myself... I'll just buy more watches... and I'll probably like them less. So why sell? Now if I needed the money to provide for my family id be like

[challer]

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

I did. Sold off 6. Have only my two SkyD left, SS and WG.