Buying just to flip

[911AP]

Originally Posted by peb35

Well he just doesn't want to bother to resell the watch, I can understand that! List the watch for sale, reply to all the requests of how much lower can you do, searching if buyer is reliable, waiting the payment, sending the watch over or meet someone in person (= take a risk), etc...
Except if you are in Hong-Kong or Singapore where you have tons of grey dealers can buy fast and where it's safe... it's a hassle to re-sell a watch when you are not used to it.

My point is I don't know why anyone in this market would be doing that. You literally just give it to a grey dealer, they'll sell it in 2 weeks and wire you the money. No fuss no hassle. It's as simple as selling stock.

[IS2000]

I was visiting my local boutique just a few months ago to check out the 37mm RO. There was a guy that just came out of the boutique with a new AP shopping bag. He immediately called someone that he got a watch to sell. Bet he made a quick cash!

[macrowatch]

Okay, I’ll bite.

Reading the thread I have two impressions:

First, I think perspectives will really differ based on income levels. If I were just a starting professional and cashing out of a jumbo could help me buy a house? I’d be hard pressed not to cash out the ‘beanie babies’. But if I were in the 2%, what else could I use the money for? Probably nothing. What else am I going to buy that’s better than I’m parting with? It’s like saying I have Rothko, it’s appreciated like crazy. But if I sell it, what else am I going to hang up on the wall anyways besides the kids finger paintings? I might as well just keep and enjoy.

Second, purely economically speaking, AP of course cares about secondary value. And the best way to ensure secondary values are crazy is to assemble as many customers that are Diamond hand holdrs that never well ensuring scarcity is endemic even on the secondary.

I love Chiscotts wisdom (although apparently controversial?) you do you.

[17noir]

Originally Posted by macrowatch

Okay, I’ll bite.

Reading the thread I have two impressions:

First, I think perspectives will really differ based on income levels. If I were just a starting professional and cashing out of a jumbo could help me buy a house? I’d be hard pressed not to cash out the ‘beanie babies’. But if I were in the 2%, what else could I use the money for? Probably nothing. What else am I going to buy that’s better than I’m parting with? It’s like saying I have Rothko, it’s appreciated like crazy. But if I sell it, what else am I going to hang up on the wall anyways besides the kids finger paintings? I might as well just keep and enjoy.

Second, purely economically speaking, AP of course cares about secondary value. And the best way to ensure secondary values are crazy is to assemble as many customers that are Diamond hand holdrs that never well ensuring scarcity is endemic even on the secondary.

I love Chiscotts wisdom (although apparently controversial?) you do you.

Well said, couldn't agree more.