If you could sell a few watches you don't wear, even if it were for a loss, and pay off a chunk of debt, would you?

As a few of you have noticed, I've sold off a few that I wasn't wearing anymore. Mostly to pay for some upcoming wedding expenses and fund another hobby, yet it's gotten me thinking that I should move a few more to happy new homes. I'm thinking about how great it would be to lower my monthly costs by $500 or $600 plus if I want to buy a particular model again the thrill of a new hunt would be fun.

Let's make a discussion about it - what would be an important enough priority to sell a portion of your collection?

 

What's the interest rate on your debt? Money's cheap, right now. If you can get a better, low risk return invested in watches or elsewhere, and your borrowing isn't excessive, why the rush to pay it back?

 

Well, it would make other forum members happy!

Isn't that reason enough

 

Yes I would. No hesitation.

Money is relatively less costly than some other options out there since interest rates right now are really low....if your situation is just right. However, the refinance cost may, potentially, eat away at the savings....

As to the watches, you most likely have a sense as to what your'e willing to part with (even though they'll be gems). The hunt for replacement(s) at a later date will be invigorating because you'll have that much more experience. The hunt is part of the collecting mystery, for sure!!

Besides, I learn quite a bit from the watches you've sold on the forum.

 

I would definitely trim the collection to pay off (or avoid) debt. Even easier decision if the money is going to fund a family need.

As I am more of an enthusiast than a collector though, it is probably somewhat less emotional for me to sell. I've always said they "get worn or get gone", but I do have a few that seem to stick around in spite of that maxim.

If you do decide to sell a few more, please follow this simple rule....


PM ME FIRST! PRETTY PLEASE WITH SUGAR ON TOP!

 

Mmmmm hmmmm.

 

Dennis, great post !

There are pieces that make perfect sense, that are wonderful examples of various ideas and ideals and represent the best of horological history.
Rare pieces that you are proud to own and feel fulfilled in the satisfaction of your quests.

Then, there are the few that make your heart race, stir your manhood and reduce you to an obsessed blithering fool.

These are what we truly seek. These are worth trading your "satisfying" pieces for, even at a loss.

Forget Buzz Aldrin, forget DON bezels, forget gold Deluxes!



I am just starting to build, to accumulate, but I already know that I am destined for a small collection, a JLC or Omega tdmp, a Centenary, a U.S. Army 2179 WWII, a "Metropolis" era Art Deco, a porcelain WWI trench watch.
Not the most rare or the most valuable, Richard Mille can keep his works of "art".

I started a year and a half ago with one collectable, now I have more than a dozen, will probably get to 25-50, and then, would like nothing better than to start whittling down to a few, a few that I gaze at every night, a few that might make me dream.


Dennis, what do you fall asleep at night thinking of?

1. Windy
2. Your snowblower
3. ?

 

Let the game begin!

I invoke my right against self incrimination Senator.

However, I will say if Windy wasn't in the picture, a weekend getaway with Vanessa Marcil or Jessica Alba would be my first answer.

That's the furthest thing from my mind. As an aging and increasingly expanding & lazy man, I consider that a necessity, not a luxury.

1) A temperature and humidity controlled wine cellar that holds 150 or more bottles. What can I say? Buy the good stuff while it's young and still cheap instead of paying through the nose to purchase it 15 years from now.

2) A couple of new cars in the driveway, sans monthly payments.

3) A shore condo with a private marina to dock my 28 foot Henriques.

4) The money to pay for all that stuff.

 

You've got a VC that should be somewhere on that list.

 

List of what I dream about? I don't need to dream about it - I've owned it 5 years and I can just open the winder lid to look at it.

If you meant list of watches I should sell, you're barking up the wrong tree mate!

There you go, being all logical in an insane hobby. Once you retire that accountant gene should be deactivated.

 

nothing like the good feeling of not owing any money. even though you might lose some good watches. but atleast you get to enjoy the ones you have left, stress free . in my humble opinion.

 

it's 100% your fault that I blew my "budget" to smithereens this month / quarter. My wife and my accountant are pi$$ed ( actually, my CPA is a watch whore monger so I'm good there ). I think he'll help cover for me Hahahahaha.

I'm not one of these whipped guys (I own a nightclub for chris' sake but a woman will only put up with so much watch whoring.

Incoming, just from today (Wittnauer 188 came sweet!, huh?):

I've been waiting 3 months for the EP Gallet. It's a total grail watch.

much more watch pRon to follow...