At what point did you - or will you - scale back or sell your collection?

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I need to downsize, and finally got round to delivering four watches to an auction house last month, but in general the neurosis around setting a fair price, putting up with the tyre-kickers and conmen on Ebay, and the multipe openings for banditry as the watch travels from me to the buyer fills me with dread.
 
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I need to downsize, and finally got round to delivering four watches to an auction house last month, ...

Good on you! Hopefully it'll be a positive experience. There's a lot to be said for letting someone else deal with advertising, collecting the payment and shipping. Not to mention the last minute bidding.

Good luck.
 
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I'm not quite ready to retire, but I've been seriously considering a career downshift, which is becoming a recurring theme amongst my colleagues.

In that thought process, I started thinking about all the watches I have, all the money sunk into them, how I could have used those funds more productively and finally, how many watches do I really need. I've been at a point where they have to share watch pillows. For me, I don't think it was ever a status issue, but at the same time I have nothing to prove nor am I looking for someone to tell me how nice my watch is. I just want to enjoy looking at it myself.

I have no regrets over my collection acquisitions but I did eventually realize it's superfluous. I've noticed that there's watches I really enjoy wearing and others that I'm really careful about when and where I wear them. A few of my true joys are worth a fraction of what other of my gems are worth (think quartz).

Thus, I have been thinning down my collection lately. I have let go of several POs (including my LMLE) , several SMPs and ATs, my Speedy Racing and the one that hurt the most (and still stings) was my AT Skyfall 41mm.

It's not a money issue - I have given people incredible deals on some very nice and we'll-preserved watches, just because in communicating with them, it reminds me of how bad I wanted that watch when I bought it.

Yet I have no regrets - they had mostly lived in a case or watch winder. I want to believe they're being worn daily, while I enjoy the features of the ones I've held on to.

I still have plenty of room for downsizing. At my age I've learned to recognize certain priorities and a pile of fancy money pits is very far down the list.

Yet I still catch myself occasionally browsing the classifieds...
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Cremation and deep water, Dan …
How deep? I used to be a bell saturation diver. 😁
 
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I'm at the phase in my collecting journey where I'm looking to sell a couple to finance a higher tier watch (perpetual calendars). I have 4 modern Omega divers (SMP and PO). How many divers does someone really need? I much rather have 4-5 really special watches rather than 20.
 
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How many divers watches do I need?
None, i don't dive nor do I have any intentions of doing so, but that doesn't stop me from having them!
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I think about "consolidating" and scaling down everyday, Greg, but for now it's the thought that counts.
 
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I think about "consolidating" and scaling down everyday, Greg, but for now it's the thought that counts.
Yeah, me too John. I just sold two watches and bought another one that cost about what I received for the two I sold. Good thing I'm not in business for myself.
 
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Yeah, me too John. I just sold two watches and bought another one that cost about what I received for the two I sold. Good thing I'm not in business for myself.
But you did 2 out and 1 in so still in the right direction. It’s the 3 out and 6 in that’s the problem. 👎
 
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I’m approaching retirement. As an attorney, collecting vintage watches has been a fun ride and a great hobby because I dress well for work and I’ve been able to rotate and wear a medium sized collection of vintage watches. When I stop working, however, I envision selling off most of my collection and keeping just 3-5 of my favorites. What did you do or what will you do with your collection and when?

What will bring you happiness? At the end of the day, they are just, ‘things’ with value, that brought you happiness, in the journey to achieve them. What happiness, do you envision you’ll find, as you part with your collection? The older I get the less regrets I want.

My thoughts, on anything I collect, is what is impact, to my wife, should I die first, and she needs to sell them. My firearms collection concerns me. My watches, not so much.
 
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What will bring you happiness? At the end of the day, they are just, ‘things’ with value, that brought you happiness, in the journey to achieve them. What happiness, do you envision you’ll find, as you part with your collection? The older I get the less regrets I want.

My thoughts, on anything I collect, is what is impact, to my wife, should I die first, and she needs to sell them. My firearms collection concerns me. My watches, not so much.
I think alot of us are in this frame of mind. We continue to enjoy our collections and add to them (maybe not at the pace we did years ago) but yes- the impact of the “stuff” on our families when we go. It’s one thing if we have a collection of match books or coasters- dumpster time! But most of us have serious money tied up in these collections- life changing or sustaining money- and getting top dollar for them takes careful planning and trustworthy brokers.
Like you, the watches would be easy to sell for my wife- she knows a few of the members here who would be happy to help her sell the collection without commission and get her top dollar. But the guns, the vintage Hi-fi, the furniture, the camera equipment….all far more difficult.

This is why we should put plans in writing and set up those networks while we are alive and well. Finding an executor that can be trusted could make that process far easier on our family than leaving the burden on them- while mourning (or celebrating depending on which family members).
 
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What will bring you happiness? At the end of the day, they are just, ‘things’ with value, that brought you happiness, in the journey to achieve them. What happiness, do you envision you’ll find, as you part with your collection? The older I get the less regrets I want.

My thoughts, on anything I collect, is what is impact, to my wife, should I die first, and she needs to sell them. My firearms collection concerns me. My watches, not so much.

Side story.

We were talking with a realtor who lives in our neighborhood about a house that recently came up for sale. She knew all about it and shared the details.

The owner was elderly and died without any known relatives. He had an elderly friend who was a retired lawyer who handled the estate. The lawyer advertised in the paper that his friend had passed away, with the goal of notifying any possible next of kin.

In the paper, the retired lawyer mentioned that the deceased was an avid gun collector with a large collection. And yes, that's exactly what happened next, someone broke into the uninhabited house at night and stole all the guns.

As a collector, that was a gut punch.
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But you did 2 out and 1 in so still in the right direction. It’s the 3 out and 6 in that’s the problem. 👎

I feel personally attacked here!!!! 😗😗😗
 
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I feel personally attacked here!!!! 😗😗😗
Oh, this discussion doesn't apply to you, Erric. Nobody said anything about 10 in and 0 out -- multiple times. 😁😁😁
 
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Oh, this discussion doesn't apply to you, Erric. Nobody said anything about 10 in and 0 out -- multiple times. 😁😁😁
The devil made me do it.
 
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I retired from my corporate life about 10 yrs ago. I own a small online retail business and still consult a bit when asked, and COVID killed most of the various charity and civic orgs I was a part of as they mostly all meet virtually now. The only problem with this new world order is that I rarely have occasion to wear a watch. It's sad to look at those little fellows with no real purpose anymore. I very much miss wearing them but can't justify just bouncing around the house with them. I really should sell them but each has their own story, and how could anyone new appreciate the life they've led? The mountains and ships and foreign lands, many have been around the world. Oh sigh, so many things around here should go but I can't bring myself to do it!
 
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I wrote this here on OF in 2017:

"The likes hoarder
Composes a collection that appeals to a wide variety of people. Has a (first) strategy to manage his post to like ratio by only posting in the WRUW-thread. Takes measures to post and place his watch first on every WRUW page.

His (second) strategy is to get everyone to like his watches and dibs them. Last (third) strategy is to sell, all but one watch, and use the money to stay drunk for ages on grappa while sitting in the galleria in Milano. Smoking a cigar, wearing a Panama hat and a wrinkled up white linen suit - while telling the story about how he played the watch collector scene on OF in the early 21: st century."


I was describing myself... ;-) but I have been a bit lazy the last couple of years - not posting very often. I retire in less than two years - at 62 and will start to slowly sell most of the 60 watches that are in the collection. Using the proceeds to finance some really lewd living.

One theory I have - is to sell a watch at the time and then, together with my wife, go to the country/city where the buyer is. To deliver the watch, meet people and enjoy new places.

44270147165_ec12bbd6e1_k.jpg
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Nobody said anything about 10 in and 0 out -- multiple times. 😁😁😁

You rang?

But, honestly, I am proud of myself. I haven't managed to sell any watches this year, but I did sell TWO bracelets. And, then I spent that money on 3 more vintage Seikos.
 
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But, honestly, I am proud of myself. I haven't managed to sell any watches this year, but I did sell TWO bracelets. And, then I spent that money on 3 more vintage Seikos.
Glad to help support your habit! 😁
Here’s one of ‘em (thread needs more pictures anyhow)