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6 October 2019, 08:31 AM | #1 |
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Are ALL of the SS models "flippable?"
I'm not a flipper, but since I'm interested in a BLRO OR BLNR (like everyone else), and they're scarce as hens teeth, I've been wondering if I should grab the first SS reference (Explorer, YM, etc.) I can get my hands on, then sell it when (if?) I ever have a chance to pick up one of the above-mentioned that I REALLY want. Thoughts? Any of these will be my first, BTW.
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6 October 2019, 08:35 AM | #2 |
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If you can buy it at an AD, you are not going to be able to flip it for much of a profit. The scarcity principle is at play: the scarcer a model is, the more it will fetch on the secondary market.
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6 October 2019, 08:38 AM | #3 |
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No all SS are not created equal....the easy ones to get like YM are not flipable
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6 October 2019, 08:48 AM | #4 |
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Are ALL of the SS models "flippable?"
Without a significant transaction history, it will be very difficult to sell any watch at the prices you see the trusted sellers are listing. Especially if you are a first time seller. You could try selling it to a gray dealer or an AD with a 2nd hand section but the prices they offer you will be tear inducing.
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6 October 2019, 08:59 AM | #5 |
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No, they are not.
As stated above, if you see it laying around at an AD, it’s not going to “flippable” for a premium. |
6 October 2019, 09:02 AM | #6 |
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In general, Rolex steel watches retain the majority of their value. You may not turn a profit, but you likely won’t have an issue selling when the time comes.
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6 October 2019, 09:22 AM | #7 |
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You wont make any money. Dealers offerings far far less these days. Dont think the advertised prices on the classifieds is anywhere near what you will get. You wont get those prices.
Just message any gray dealer and ask them what they will pay. You will be surprised. Otherwise just look at individual sales and the prices of them and the price drops. Obviously the grays are offering less than the individual sellers otherwise whats the point of trying to sell individually just give it to a gray and be done with it within 1 hour rather than bumping and trying to sell for a few hundred or maybe a few grand more by yourself for weeks and weeks. |
6 October 2019, 09:23 AM | #8 |
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Are ALL of the SS models "flippable?"
No. It’s a dangerous game.
Unless you happen to walk past a panda Daytona or a steel Pepsi at MSRP... :) As others have said, SS professional models will hold value, and may - in the long term - go up. But, you’re not going to get rich buying and selling a ND Sub (for example). |
6 October 2019, 09:32 AM | #9 |
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Remember, if money could be made by flipping Explorers, etc., then everyone would be doing it. There are some very smart people on this website; if money can be made, they would be making it. Or I should say WE would be making it.
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6 October 2019, 09:35 AM | #10 |
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The only ones you would make money on without being a well known dealer would start at the GMTs, imo.
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6 October 2019, 09:37 AM | #11 |
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No, they aren't.
I can't with the irony in this post btw. |
6 October 2019, 09:39 AM | #12 | |
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Quote:
Disagree I have sold many watches over the years at TS pricing. In fact I use TS pricing as a barometer for pricing. |
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6 October 2019, 09:45 AM | #13 |
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If u want to make money pls put your money on a cd.for sure you will make money for the rest of your life until you pull it out from your bank;)
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6 October 2019, 10:14 AM | #14 |
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You can always sell a Rolex.
You might not recover your cost, but there is a market for every single one of them. Selling one that you have worn for a while is not really "flipping".
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6 October 2019, 10:19 AM | #15 | |
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You are welcome to disagree. I am glad that you have been successful in your transactions thus far. Do share your tips and tricks with the OP so that he too can be as successful as you. |
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6 October 2019, 10:29 AM | #16 |
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There are very few you can make actual money at, and you aren’t going to get those pieces. This is so f$&@ing stupid
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6 October 2019, 10:30 AM | #17 |
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As a clarification, I guess I didn't really use the correct terminology. What I was getting at was, if I stumble across one of the "less scarce" references, could I buy it, wear it until I could get my hands on the reference I really want, then sell it without taking too much of a bath. I gather from the replies above (Thanks!) that any of them will hold their value, but won't necessarily generate a profit. Since I'm not in it for the $$, it sounds like taking the "first available" and "upgrading" later might be an okay plan.
Thanks for your input, everyone. |
6 October 2019, 10:59 AM | #18 |
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6 October 2019, 10:59 AM | #19 |
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Do what most rational people do and research what you really want, go try a bunch of stuff on even if it is a PM variant and then pick a dealer that you want to have a longer term buying relationship with and go talk to them about what you want. Not what you can sell it for but what do you really want. I thought I wanted a Batman until I went and tried one on, it looked like a girly watch on my big wrists. I wouldn't give a squirt of piss for one now as I would never wear it. I looked for months before even deciding on my first Rolex and it ended up being an SD43. I love it and will never sell it so I do not care what I could sell it for. If you approach any AD asking about flipping a watch or just wanting whatever they have in SS they will go cold on you and blow you off as a carpetbagging flipper. If you are honest and focused on one SS piece you will probably get what you want at some point with some follow up or you can go grey if it is an impossible to get piece.
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6 October 2019, 11:00 AM | #20 |
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your money is better off in the stock market if you plan on buying to flip
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6 October 2019, 11:02 AM | #21 |
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In order to flip you need to first have the watch. Therein lies the conundrum.
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♛ 218206 Roman ♛ 116689 ♛ 126710BLRO ♛ 16520 white ♛ 16523 white ♛ 16610 ♛ 5513 Birth Year - ✠ Patek Philippe 5980/1R-001 - AP 26331ST Panda - Panerai Bronzo 671 & 111, Ω Speedmaster 1957 Broad Arrow, Cartier Santos XL - Montblanc TimeWalker Chrono 41 |
6 October 2019, 11:38 AM | #22 | |
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This makes sense to me. I have sold watches, usually at a loss (but not a big one), to fund a nicer model. As long as you wear and enjoy it, you are getting your money's worth.
Quote:
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6 October 2019, 11:39 AM | #23 |
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Please... what is TS pricing? Thanks.
I have sold many watches over the years at TS pricing. In fact I use TS pricing as a barometer for pricing.[/QUOTE] |
6 October 2019, 12:06 PM | #24 |
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6 October 2019, 12:30 PM | #25 |
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Rather than wait forever, pick up one you can get. Even if you wear it for a year and lose $300. That's a pretty cheap rental for a years worth of enjoyment. You may find you like a "lesser" model.
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6 October 2019, 01:27 PM | #26 |
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I think most people here are confused because you used the word flip. They think you are asking flipping for profit.
In general it seems that if you buy a SS used you should be able to get rid of it without much loss if at all. I would look into the explorer 2 ref 16570, that should scratch the Rolex itch for a while until you get your desired piece. Sent from my Pixel 2 using Tapatalk |
6 October 2019, 03:46 PM | #27 |
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If looking to make money on flipping watches,reading the market,some luck and the WAITING game is important.
Real business people for example would have bought pre ceramic hot models ie 116520 or 16520 like I did years ago for 8k and are now selling for a huge profit. That’s how it’s done ,not trying to make a few pennies flipping models like new subs and explorers etc |
6 October 2019, 04:09 PM | #28 |
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Of course, and you can "flip" as much as you want! |
6 October 2019, 04:24 PM | #29 |
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Another option is to rise above the hype and realise the models mentioned are every bit as good as the hot models.
A Rhodium Yachtmaster for instance, is a stunning watch and imo preferable and more individual to the other models you want.......and see on people every day of the week. What's not to like (from a BLNR owner) about this.... |
6 October 2019, 04:35 PM | #30 | |
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Quote:
Without solid spending and AD relationship you’ll always struggle to get one from an AD. |
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