A watch you don't wear BUT don't need the money

[Invictus Maneo]

My vote is keep it, especially if you don't need the money. It's a beautiful watch and your passion for it may be rekindled in the future.

[Fleetlord]

Sell it, give the money to a charity for animals and move on from the hobby...

[Tokyo Time]

General manlaw dictates you must own at least one Rolex at all times unless your family has needs or you lose it in Vegas. If you sell, Burt Reynolds will be notified.

[bdex75]

Keep it and wear it like the utilitarian time telling tool it is. I did the same thing with another hobby and just sat on my "equipment" for a while. Still have it. It is similar to Rolex, it is easily liquidated, I will not lose money and it is appreciating faster than a savings account will grow and I would rather not expose the funds to market risk.


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[aleeboy]

Originally Posted by onlysteel

I know today if I sell, I can get my money out of it. I am breaking even.
A yr from now, lets say it has gone up by 5% so now it is worth $7400.
To find a buyer who is willing to pay you that much, and then shipping
and insuring it and doing all the legwork, the added increase in the watch
price is not some profit you will pocket.

Sell it and take a trip to some exotic location and treat yourself to a massive party

[aleeboy]

Originally Posted by Invictus Maneo

My vote is keep it, especially if you don't need the money. It's a beautiful watch and your passion for it may be rekindled in the future.

Watches are like gfs and wives. Once the feeling is gone, don't make the mistake of going back. It's only temporary!

[Invictus Maneo]

Originally Posted by aleeboy

Watches are like gfs and wives. Once the feeling is gone, don't make the mistake of going back. It's only temporary!

Well, I wish everyday that I had never let my first wife go..........just saying .

[aleeboy]

Originally Posted by Invictus Maneo

Well, I wish everyday that I had never let my first wife go..........just saying .

Oh, that's rough.

Guess this is why humans are so diverse.

[onlysteel]

THe problem is that I can not bear to put scratches on it because it looks so beautiful all shiny and pretty.

Even if you let me wear your 16613, I still would treat it like mine and would not be able to wear it daily and put scratches on it. I just can not do that to a $7000 watch..my mind just will not move past that.

Even when I wore it for a 3 day vac, I was constantly trying to protect it... I was always aware I had it on.. when typing on a computer, I made sure I put my long sleeves on because putting the clasp on the laptop as I type would scratcvh it...

This worrying is something I can not get past ...and I hate this feeling...

I llove my SEIKO feeling ... wear it, bang it, beat it, hit with a sledge hammer, do gardening with it, change my car's oil with it, who cares... but can not do it with a Rolex...

[Stonedcl]

I have a patek 5167 and went through the same thing... Watch just sits in a safe deposit box.. Don't need the money but May need it one day so will keep it for a rainy day...

[Spoonage]

I was content with my collection for a while and didn't buy or research watches. Last watch I bought before I lost interest was December 2009. In the process I sold 3 watches and didn't give it a second thought. Fast forward to August of this year and the bug hit me again. Between August and now I've purchased 5 watches and already looking for another.

If it holds no meaning to you I say sell and invest in other things that are important to you, and if you get bit again later then research and buy again.

[watchf]

I will just put it on sale and only sell it when the price is right. There is no hurry in it. In fact I have done the same for a number of watches in the past. There is no point holding on to it if you have lost interest in it, I much rather have it earn interest in the bank.

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[skippy1]

If you are asking this question you are obviously still on the fence. I would put it in the safe and not even look at it for a year. If you keep it in a bank safe you won't need insurance and it won't cost you a thing (assuming you already have a bank box that is). Some people will say it is actually costing you something (opportunity cost) by not having the money invested in say stocks. Stocks and bonds are however inherently risky no matter what anyone says. With this in mind the only sure investment really is cash or some cash equivalent (which is basically paying zero or close to it). I would say you are at a unique point in history where even you're opportunity costs are basically a wash. Something else to consider is if you want to buy it again the watch price may actually go up while you don't have it and then you will have to pay more (opportunity cost in reverse I guess you could call it).
So in conclusion I say keep it and see how you feel after a year or so. You can reevaluate if and when interest rates rise and your opportunity costs are actually something worth considering.

Or flip a coin. That works too.

[dysondiver]

leave well enough alone ,,, no rush ,,