Sold highly desirable references at peak

[chriswang0130]

Hello,

-This is not a investment thread-

Just wondering anyone who bought these desirable references ( Hulk, Batman..etc) at fairly low price before the SS shortage around 2017.
And sold it recently at the price peak?
If yes, what other references you end up getting from the profit. Do you miss it after selling?
Just curious about it, because I don’t think I would sell the ones I love a lot, even they doubled in price.

[LooseCann0n]

How does one know the recent price was the peak?

[chriswang0130]

Just assuming, since the prices of these ref. dropped a little bit

[EEpro]

Hulk appears to have rounded the corner.

[beshannon]

Originally Posted by LooseCann0n

How does one know the recent price was the peak?

You take anecdotal single source evidence and bend your answer to fit your question.

Simple

[MTdweller]

I bought the BLNR in 2015 and sold it last year. I got 50% over what I paid and put the $$$ towards the 116618LB.

The BLNR wasn’t getting much wrist time anymore and I’m happy I made the trade. I do miss it sometimes but not enough to consider buying it again.

[chriswang0130]

Originally Posted by MTdweller

I bought the BLNR in 2015 and sold it last year. I got 50% over what I paid and put the $$$ towards the 116618LB.

The BLNR wasn’t getting much wrist time anymore and I’m happy I made the trade. I do miss it sometimes but not enough to consider buying it again.

Nice! That’s a upgrade!
Thanks for sharing

[padi56]

Originally Posted by chriswang0130

Nice! That’s a upgrade!
Thanks for sharing

The only upgrade is the price and metal but Rolex watches today are all about ££££$$$$.

[chriswang0130]

Originally Posted by padi56

The only upgrade is the price and metal but Rolex watches today are all about ££££$$$$.

You missed the most important part: the person was happier with the trade.

[peterpl]

HEAPS of ppl have done it and yes I also believe along with many that we have already reached peak prices for the models being hyped the most.

BLNR, Hulk, Blue Dial SS SkyD, Green dial Daytona even the full everose gold Rhodium dial SKyD is correcting. Give it 6 months all of these will drop more. It takes time for market to catch up, grays to pass the wholesale market prices down to the end customer etc......most of these watches are being sold gray dealer to gray dealer NOT to the end user.

My mate is pissed because he cant sell his BLNR for a profit anymore. LOL I told him hes an idiot to buy at over MSRP in thinking these pieces will go up indefinitely.

[Token74]

Yep - sold my 116500 - but to a good friend at mates rates so didn’t capitalise.

Also, a BLNR which I sold for a slight profit but it’s a long story. Bought it off a friend who needed urgent funds for a good deal on an AP Diver. I only bought it to help him out, never intended to keep it as not my cup of tea, so sold it for £500 more than I paid for it to move it on. The buyer got a (relative) bargain.


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[904VT]

Never sold any Rolex that I have owned. Reason being all my watches are ones I've wanted for years before I've purchased. I could understand if one may want to trade in a SS towards a PM version, but for me I prefer to add rather than sell or trade.

[glamorama]

Bull- or bear trap?

[904VT]

Originally Posted by glamorama

Bull- or bear trap?

Attachment 1103234

Neither. Most I think feel we are in the bear trap, which tells me we are really in the denial phase imo. We've already seen the start of a contraction with consistent decreases in Chinese demand. We'll see what Rolex thinks this year. If a new Sub comes out in SS Rolex is signaling depression or at least correction. It's usually the update they save to reinvigorate from a trough if you look historically to drive demand back up the model lines. DJ is a great expansion economy update

[BamaHammer]

As long as the economy is good, prices will rise. And times are good!

[MTdweller]

Originally Posted by chriswang0130

You missed the most important part: the person was happier with the trade.

Absolutely right! It has been almost a year since the trade and I still can’t take my eyes off it!

[EEpro]

Originally Posted by MTdweller

Absolutely right! It has been almost a year since the trade and I still can’t take my eyes off it!

That dial is mesmerizing.

[dadonn2]

Originally Posted by MTdweller

Absolutely right! It has been almost a year since the trade and I still can’t take my eyes off it!

Love the picture and it is indeed stunning.

I personally adopted a stance to keep this as a genuine hobby and not get too caught up in the price action. For me, the chasing and profiteering could ruin it as an interest. So every watch I've had that I was no longer enamored with, I have sold to friends at break even and have "gifted" the premium. That said it does not include any ceramic Daytonas but a CHNR, a BLNR and a 114060.

[lamkinpark]

Sold Blnr during peak and get 116520 black 2015. Sold Hulk during peak and get 16710 with some cash back to pocket. Very happy with my current holding and didn't look back at all.

[brandrea]

I thought this wasn’t an investment thread

[locutus49]

This is like the stock market: everyone claims to have bought low and sold high. A combination of wishful thinking and self-delusion. And to all who will claim: "but I really did." Good for you.

Originally Posted by padi56

The only upgrade is the price and metal but Rolex watches today are all about ££££$$$$.

[10klakes]

Mayer said it best- “I want the watches more than the money, that’s how I know I am a collector”.

My feeling is the same...

[MTdweller]

Originally Posted by locutus49

This is like the stock market: everyone claims to have bought low and sold high. A combination of wishful thinking and self-delusion. And to all who will claim: "but I really did." Good for you.

Yes, I know what you mean. Luck and timing only go so far. BTW, I appreciate the TNG love!

[brucethemanlee]

i bought my watches to wear and haven't sold any (with no plans to sell either because this is my "fun/play" money)

[Calatrava r]

and the gain is all ordinary income or long term capital gain depending how long you owned the asset. Lot simpler when we lost our shirts on this stuff.

[grimps]

Originally Posted by chriswang0130

Hello,

-This is not a investment thread-

Just wondering anyone who bought these desirable references ( Hulk, Batman..etc) at fairly low price before the SS shortage around 2017.
And sold it recently at the price peak?
If yes, what other references you end up getting from the profit. Do you miss it after selling?
Just curious about it, because I don’t think I would sell the ones I love a lot, even they doubled in price.

All my watches have been purchased at retail price or less , My biggest regret was selling my 2007 steel Daytona for 6500 pounds , they're now for sale online for 20000.

[GB-man]

Originally Posted by brandrea

I thought this wasn’t an investment thread

[Yess]

I've bought some guitars that have gone up in value and moved them on. But it's all been luck.. which I suspect is mostly what we are discussing here.

[HogwldFLTR]

Cleaned house a year ago and bought a Platona and a DD.

[Godfather111]

Bought Hulk, Batman and SubC in the last three months of 2017.

Batman and SubC both below retail. All this is meaningless of course since I have no intention of selling them because I will definitely miss them if I do.