Lucky or unlucky flipper, which one are you?

[KBM]

I have made money and broken even, but mainly because of currency differences, since I usually buy in the US and sell back home in Brazil.

[NeedHelp]

Made some on a few, lost on most. At the end of the day, I am far in the negative. I look at it as the cost of my hobby.

[Touring]

Originally Posted by Long2757

Rollie is slang for Rolex.

Seriously?!

[Curt941]

I've bought and sold TONS of watches...but I've only bought two Rolex's.

I bought a 16013 from a seller on here for $2250. I lost the two spare jubilee links because I didn't see them in the box and tossed it so I sold the watch for $2100 as a result.

Now the person who bought it from me is selling it for $2400 over on Watchuseek WITHOUT the box/polish cloth that I sold it with...So he's clearly trying to be on the positive side of a flip, haha.

[Nidal]

Originally Posted by superdog

You made money on a flip?

I don't even know how that's possible.

I lose every time. But still think I'm super lucky.

+1, we are the average crowd I guess😢

[Nycturbovr6]

Originally Posted by superdog

You made money on a flip?

I don't even know how that's possible.

I lose every time. But still think I'm super lucky.

Same here

[alubin]

O god. Going back to look I'm 2-9. Oddly the two I made money on were breitlings that I bought and never wore. Can't quite make sense of that.

[cdnwatchguy]

I have learned over time. I buy used and only brands that maintain a decent residual value. I never buy without full boxes and papers. I avoid impulse buys and keep them for a year or more. Haven't lost money since using that method.

[cdnwatchguy]

Originally Posted by paltak

Heard of Rolexes being referred as Rollies in other forums so I thought it was a common phrase.

Let me clarify, when I say flip, I may have kept the watch for several months or a year or two before the eventual flip.

You paid for it, you can call it whatever you want.

[paltak]

Originally Posted by cdnwatchguy

I have learned over time. I buy used and only brands that maintain a decent residual value. I never buy without full boxes and papers. I avoid impulse buys and keep them for a year or more. Haven't lost money since using that method.

This or some version of this with a little bit luck appears to be the winning formula for me as well.

[Gaijin]

The only Rolex I ever made money on was the sale of a SS Daytona. Others... well see Seth's post above.

[polarinda]

10 flips= daytona? so you made 1k average per flip?

[TIFOSI TIMEPIECES]

You must be a great negotiator

I have lost on most flips

I need to learn from you!

all the best!!

Tifosi Forever

[Runnin' Rebel]

Originally Posted by kauebm

I have made money and broken even, but mainly because of currency differences, since I usually buy in the US and sell back home in Brazil.

Cheater. But that's the way to do it. You can buy a pair of socks in the US and resell them for 4x the amount in Brasil. lol

[paltak]

Originally Posted by polarinda

10 flips= daytona? so you made 1k average per flip?

Yep, a few of the LE and SE Panerais yielded $2K+ each. Again, this was before the recent freefall.

[Racerdj]

I must be unlucky in my flipping habits. The only way I break even is if I assign a value for the enjoyment factor while owning them. I have made too many impulsive purchases.

[mario belgium]

flipping 1 breitling,2 Panerai:3 times losing money but no regrets, each time was to buy a new watch and it's part off our hobby

[KBM]

Originally Posted by JAGERVEGAS

Cheater. But that's the way to do it. You can buy a pair of socks in the US and resell them for 4x the amount in Brasil. lol

Very true. It is actually cheaper to get on a plane, spend a weekend at a nice hotel in Manhattan overlooking the park, buy the watch and come back than it is to buy here.

[lmcgbaj]

50/50 for me.

[landroverking]

Never lost money flipping a Rolex, but still don't feel lucky... I would feel lucky if I still had them all.

[ronricks]

lost flipping Omega and Breitling worst I have done is broke even with Rolex. Not a flipper anymore though I like to wear my watches and enjoy them.