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1978 · 24 August 2021, 10:19 PM

Flip-flap!

I recently sold a bunch of watches, some for less than I bought them for some for more, some I had bought within the year! I wanted to pare down my collection to core pieces I cared about and wanted to wear. Am I a flipper?!?

If so, or if not, why? How do you define a flipper?

1665fan · 24 August 2021, 10:20 PM

If you have to ask……….

ThatOtherGuy7 · 24 August 2021, 10:22 PM

Well do you have fins?

JParm · 24 August 2021, 10:22 PM

Who cares - you kept what you wanted and sold what you didn't. All that matters is that you're happy at the end of the day.

IMO, if you're able to take advantage of supply / demand / current market rates, then you're participating in the beauty of America...a free market.

JonaG · 24 August 2021, 10:25 PM

You bought the watches. They are your property to do with as you please be it a 20 year old sub or a Daytona bought last week. I don’t think you’re a flipper unless you were doing this on a monthly basis but even that I point to my first statement.

sportsfan0704 · 24 August 2021, 10:26 PM

Who cares???

GST15 · 24 August 2021, 10:26 PM

Well, I'd call you a "situational flipper".....but once a flipper

alpharulez · 24 August 2021, 10:35 PM

Quote:

Originally Posted by ThatOtherGuy7

Well do you have fins?

Sent from my iPhone using Tapatalk

Oxfordian · 24 August 2021, 10:36 PM

This is my view of a flipper, others may have a different perspective.

A ‘flipper’ is someone whose sole intention is to buy and then immediately sell for a profit a hard to get watch from the Authorised Dealer.

If you have a collection of watches and sell some after owning and wearing them for a while then for me you are not a flipper.

Hub6152 · 24 August 2021, 10:37 PM

Quote:

Originally Posted by Oxfordian

This is my view of a flipper, others may have a different perspective.

A ‘flipper’ is someone whose sole intention is to buy and then immediately sell for a profit a hard to get watch from the Authorised Dealer.

If you have a collection of watches and sell some after owning and wearing them for a while then for me you are not a flipper.

This ^

brandrea · 24 August 2021, 10:40 PM

Quote:

Originally Posted by Oxfordian

This is my view of a flipper, others may have a different perspective.

A ‘flipper’ is someone whose sole intention is to buy and then immediately sell for a profit a hard to get watch from the Authorised Dealer.

If you have a collection of watches and sell some after owning and wearing them for a while then for me you are not a flipper.

This ^^^

OP, you may be a flipper but if you’re selling at a loss I recommend you stick to your day job

Mystro · 24 August 2021, 10:46 PM

No one cares. This little niche watch bubble can distort your perception of reality.

10klakes · 24 August 2021, 10:48 PM

Only your AD can answer this question, maybe give them a call and ask for their opinion.

m j b · 24 August 2021, 10:50 PM

Quote:

Originally Posted by Oxfordian

This is my view of a flipper, others may have a different perspective.

A ‘flipper’ is someone whose sole intention is to buy and then immediately sell for a profit a hard to get watch from the Authorised Dealer.

If you have a collection of watches and sell some after owning and wearing them for a while then for me you are not a flipper.

I like this definition. I've always considered myself a flipper, but I buy them to enjoy, and then when I get tired of them or see someone new and shiny that I must have now, now, now, then I'll sell something else.

The one time I bought a watch to flip for a profit, I lost money.

garyk · 24 August 2021, 10:57 PM

Can you bark in the water while clapping your hands? Flipper….

Driver8 · 24 August 2021, 11:15 PM

Quote:

Originally Posted by Oxfordian

This is my view of a flipper, others may have a different perspective.

A ‘flipper’ is someone whose sole intention is to buy and then immediately sell for a profit a hard to get watch from the Authorised Dealer.

If you have a collection of watches and sell some after owning and wearing them for a while then for me you are not a flipper.

This ^^^

A spot-on description IMO.

Black_5 · 24 August 2021, 11:16 PM

Is this you?

SOoO many watches SOoO little time...

TswaneNguni · 24 August 2021, 11:20 PM

Flipper is so yesterday ..

992Guy · 24 August 2021, 11:42 PM

Why label yourself?

Nairn1980 · 25 August 2021, 12:26 AM

Quote:

Originally Posted by 1978

Flip-flap!

I recently sold a bunch of watches, some for less than I bought them for some for more, some I had bought within the year! I wanted to pare down my collection to core pieces I cared about and wanted to wear. Am I a flipper?!?

If so, or if not, why? How do you define a flipper?

If it walks like a duck and quacks like a duck ……

Ap3100 · 25 August 2021, 12:50 AM

Quote:

Originally Posted by Nairn1980

If it walks like a duck and quacks like a duck ……

It is a duck

ras47 · 25 August 2021, 12:53 AM

If you're simply paring down your collection then you're a "curator" and not a flipper.

Master_Grogu · 25 August 2021, 01:00 AM

slimwristy · 25 August 2021, 01:04 AM

Quote:

Originally Posted by Oxfordian

This is my view of a flipper, others may have a different perspective.

A ‘flipper’ is someone whose sole intention is to buy and then immediately sell for a profit a hard to get watch from the Authorised Dealer.

If you have a collection of watches and sell some after owning and wearing them for a while then for me you are not a flipper.

This 100% you don't ever really know if you like the watch until having owned it for some time and tastes change.

inadeje · 25 August 2021, 01:17 AM

It’s called consolidation not flipping

JRell · 25 August 2021, 01:38 AM

If you bought the watch initially just to make a profit, then yes. But in your situation you were just consolidating your collection, so no.

Bryan81 · 25 August 2021, 01:56 AM

As many have said, buying the watch with the intention of selling for a profit would make you a flipper. Buying a watch with the intention of wearing it as part of your collection, even if you later decide you don't like it, does not make you a flipper.

If someone holds onto a watch they don't like just because they don't want to be called a flipper, then they need some help. (Not saying this applies to the OP, just making a broader observation.) Even people who "never sell, only add" baffle me to some extent. You've never bought a watch and found that you don't like it over time? Or, you keep your money tied up in something you have no interest in wearing any longer?

I guess it's just a different mentality in terms of what a collection is to people. I like my collection to be the best watches I can afford and care to wear. Maybe others like to collect pieces and hold them even if they'll never wear them.

1978 · 25 August 2021, 02:15 AM

Quote:

Originally Posted by garyk

Can you bark in the water while clapping your hands? Flipper….

Ark! Ark! Ark!

Brb getting a herring sandwich

1978 · 25 August 2021, 02:17 AM

Quote:

Originally Posted by ras47

If you're simply paring down your collection then you're a "curator" and not a flipper.

Beto737 · 25 August 2021, 02:19 AM

Nope

24 August 2021, 10:19 PM	#1
1978 "TRF" Member Join Date: Jun 2008 Location: New York Posts: 317	Am I a Flipper?!? Flip-flap! I recently sold a bunch of watches, some for less than I bought them for some for more, some I had bought within the year! I wanted to pare down my collection to core pieces I cared about and wanted to wear. Am I a flipper?!? If so, or if not, why? How do you define a flipper?

24 August 2021, 10:22 PM	#4
JParm 2024 ROLEX DATEJUST41 Pledge Member Join Date: Aug 2010 Location: NorCal Watch: Yes! Posts: 6,568	Who cares - you kept what you wanted and sold what you didn't. All that matters is that you're happy at the end of the day. IMO, if you're able to take advantage of supply / demand / current market rates, then you're participating in the beauty of America...a free market. __________________

24 August 2021, 10:25 PM	#5
JonaG "TRF" Member Join Date: Jul 2018 Real Name: Jonathan Location: East Watch: ... Posts: 1,171	You bought the watches. They are your property to do with as you please be it a 20 year old sub or a Daytona bought last week. I don’t think you’re a flipper unless you were doing this on a monthly basis but even that I point to my first statement. __________________ Yacht-Master 126622, GMT-Master II 16710, Submariner 114060, Sea-Dweller 16600, Panerai Luminor PAM111 Lange Saxonia Moon Phase 384.029, Tudor Black Bay Harrods M79230G.

24 August 2021, 10:36 PM	#9
Oxfordian "TRF" Member Join Date: Aug 2019 Real Name: Martin Location: England Watch: Sea Dweller Posts: 3,117	This is my view of a flipper, others may have a different perspective. A ‘flipper’ is someone whose sole intention is to buy and then immediately sell for a profit a hard to get watch from the Authorised Dealer. If you have a collection of watches and sell some after owning and wearing them for a while then for me you are not a flipper. __________________ Martin Small Rolex, Omega, Seiko and Oris Collection

24 August 2021, 10:46 PM	#12
Mystro 2024 SubLV41 Pledge Member Join Date: Dec 2009 Real Name: The Mystro ;) Location: Central Pa. Posts: 15,509	No one cares. This little niche watch bubble can distort your perception of reality. __________________

24 August 2021, 10:20 PM	#2
1665fan "TRF" Member Join Date: Oct 2017 Location: East coast Posts: 6,660	If you have to ask……….

24 August 2021, 10:22 PM	#3
ThatOtherGuy7 "TRF" Member Join Date: Jun 2015 Location: Bay Area Posts: 509	Well do you have fins?

24 August 2021, 10:26 PM	#6
sportsfan0704 "TRF" Member Join Date: May 2021 Location: New York Posts: 876	Who cares???

24 August 2021, 10:26 PM	#7
GST15 "TRF" Member Join Date: Apr 2020 Location: USA Watch: CHNR/YM/DJ/OP/SUB Posts: 1,967	Well, I'd call you a "situational flipper".....but once a flipper

24 August 2021, 10:48 PM	#13
10klakes "TRF" Member Join Date: Nov 2017 Location: USA Watch: Collector Posts: 1,482	Only your AD can answer this question, maybe give them a call and ask for their opinion.

24 August 2021, 10:57 PM	#15
garyk 2024 Pledge Member Join Date: Oct 2009 Real Name: Gary Location: USA Watch: Daytona Posts: 11,748	Can you bark in the water while clapping your hands? Flipper…. __________________

24 August 2021, 11:16 PM	#17
Black_5 "TRF" Member Join Date: Oct 2017 Location: Melbourne Posts: 189	Is this you? SOoO many watches SOoO little time...

24 August 2021, 11:20 PM	#18
TswaneNguni "TRF" Member Join Date: Feb 2008 Real Name: Chris Location: . Watch: Daytonas/Subs/GMTs Posts: 12,609	Flipper is so yesterday ..

24 August 2021, 11:42 PM	#19
992Guy Banned Join Date: Jul 2021 Location: Free State o Mind Posts: 109	Why label yourself?

25 August 2021, 12:53 AM	#22
ras47 "TRF" Member Join Date: Apr 2017 Real Name: Robert Location: Northern NJ Watch: 16710 BLRO Posts: 3,064	If you're simply paring down your collection then you're a "curator" and not a flipper. __________________ Rolex GMT Master II BLRO 16710 Omega Speedmaster Co-Axial Chrono

25 August 2021, 01:00 AM	#23
Master_Grogu Banned Join Date: Dec 2020 Location: Tokyo Posts: 969

25 August 2021, 01:17 AM	#25
inadeje 2024 SubLV41 Pledge Member Join Date: Jan 2013 Location: Miami Watch: me lose count. Posts: 5,906	It’s called consolidation not flipping __________________ ♛ 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

25 August 2021, 01:38 AM	#26
JRell "TRF" Member Join Date: Jun 2020 Location: Pittsburgh Watch: 126710BLNR Jubilee Posts: 7,084	If you bought the watch initially just to make a profit, then yes. But in your situation you were just consolidating your collection, so no. __________________ 126710 BLNR Jubilee

25 August 2021, 01:56 AM	#27
Bryan81 "TRF" Member Join Date: Jan 2008 Location: Michigan Watch: 126710BLRO Posts: 606	As many have said, buying the watch with the intention of selling for a profit would make you a flipper. Buying a watch with the intention of wearing it as part of your collection, even if you later decide you don't like it, does not make you a flipper. If someone holds onto a watch they don't like just because they don't want to be called a flipper, then they need some help. (Not saying this applies to the OP, just making a broader observation.) Even people who "never sell, only add" baffle me to some extent. You've never bought a watch and found that you don't like it over time? Or, you keep your money tied up in something you have no interest in wearing any longer? I guess it's just a different mentality in terms of what a collection is to people. I like my collection to be the best watches I can afford and care to wear. Maybe others like to collect pieces and hold them even if they'll never wear them.

25 August 2021, 02:19 AM	#30
Beto737 "TRF" Member Join Date: Nov 2013 Location: Somewhere Posts: 805	Nope

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