Take the money and run...

[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

[subtona]

Everything has a price.

[sillo]

Originally Posted by subtona

Everything has a price.

Agreed, but for me we are nowhere near that and I don't think we will ever be at that number. I enjoy my collection much more than the money the watches are worth.

[uniqueMR]

Originally Posted by subtona

Everything has a price.

Everyone and Everything has a price :)

[RobearH]

People do it everyday...from whom do your think the greys get those preowned watches?

[Brew]

Given my preferences, this would not be a good move for me.

[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.

[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 :)

[KBM]

Yes. Cashing in some uber inflated pieces, as you say, to get other overpriced complicated pieces.

[macrowatch]

For medium term collectors (say 10-15 years), I think the real decision is sitting on 5 digit era pieces and letting them became 'vintage' or upgrading to modern PM grails. No opinion here on my part of which will do better long term, but I do think it makes a solid case for simply adding rather than flipping between new modern pieces as a long term collector.

[mongrelnomoad]

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 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.

[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 :)

[M45]

I think the luxury watch market is going to crash, and crash hard at some point.

People aren’t buying the things anymore, with that said I’m just going to buy the ones I want and keep wearing them until they wear out.

[1665fan]

Originally Posted by M45

I think the luxury watch market is going to crash, and crash hard at some point.

People aren’t buying the things anymore, with that said I’m just going to buy the ones I want and keep wearing them until they wear out.

Yea people aren’t buying SS Rolex anymore lol....you have been here almost a month good observation

[M45]

Originally Posted by 1665fan

Yea people aren’t buying SS Rolex anymore lol....you have been here almost a month good observation

Rolex has manufactured a scarcity and is doing well in a market where business for other makers is drying out.

[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.

[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.

[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!

[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 .

[AK797]

I'd only sell to buy another watch, keep it all in the hobby.

[beshannon]

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'.

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.

[mattfa999]

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.

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.

[TswaneNguni]

I work hard for the money that purchase Rolex.Most members do .

[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.

[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...

[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 .

[mongrelnomoad]

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 think the issue is to not be a douche about your circumstances, either way. Come to think of it, pretty good rule for life generally.

[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