Please consider donating to help offset our high running costs.
I stopped looking and buying watches as investments a couple of years ago. I decided that they were like cars. You buy new, you will loose a lot upfront. You buy use, you might get a better deal but you might loose some money later in time too. So I just buy what I like and enjoy it until it is time to trade in.
Are you saying WF will pay more for their Omega's than they do for Rolex?
I would suspect they’d offer 5.5/6k I know for sure they’ve offered 2.8k for a CK2998.
From experience, the bid/offer from WF on omegas is bigger than that with Rolex.
Other way round. They pay less. Sorry.
With selling a new ltd Omega you either have to be quick, or patient. I remember WF offering £1200 for an unworn Alaska only 3 years ago, probably get offered £1250 now from them! 😉
With selling a new ltd Omega you either have to be quick, or patient. I remember WF offering £1200 for an unworn Alaska only 3 years ago, probably get offered £1250 now from them! 😉
I think you missed the boat on the watches that you mentioned before and might on this one because you are over thinking about how the watch is going to do in the future . Most people that are getting this watch decided to go for it way before it was released. No one knows the future specially in this hobby don’t think of it as trading stocks. I think you will enjoy it better.
I missed the boat because I wasn’t willing to pay for something that I couldn’t see in the flesh and try on. Same with cars; I would be hard pushed to buy something without seeing it in the flesh.
I’m pretty sensible with money and no matter how hard I try I can’t change that in myself. My father in law says to just go for it and so does my wife. The money is sat in the bank doing nothing. It’s me that’s holding me back. I will Probably always be like this to Be honest.
None of my watches are investments and it’s highly unlikely I will sell any of them. But I’ve got a bit of a mental block when it comes to throwing money down the drain.
I’m going to ring some OB’s tomorrow to see if I get one of these 😀
I missed the boat because I wasn’t willing to pay for something that I couldn’t see in the flesh and try on. Same with cars; I would be hard pushed to buy something without seeing it in the flesh.
I’m pretty sensible with money and no matter how hard I try I can’t change that in myself. My father in law says to just go for it and so does my wife. The money is sat in the bank doing nothing. It’s me that’s holding me back. I will Probably always be like this to Be honest.
None of my watches are investments and it’s highly unlikely I will sell any of them. But I’ve got a bit of a mental block when it comes to throwing money down the drain.
I’m going to ring some OB’s tomorrow to see if I get one of these 😀
This is too much of a blanket statement. Buy right and you can't lose. Example, if you buy a standard BMW 420i you will lose 40% in the 1st year on trade in. If you buy a Porsche GT RS, happy daze or a LA Ferrari £££ 👍
This is too much of a blanket statement. Buy right and you can't lose. Example, if you buy a standard BMW 420i you will lose 40% in the 1st year on trade in. If you buy a Porsche GT RS, happy daze or a LA Ferrari £££ 👍
You are correct, buy right and you can’t loose but also there are just pieces or cars that you can buy new and not loose money on. My main point was not to look at this hobby as an investment.
In my humble opinion. If you enjoy high end horological pieces then I would imagine that you are a business person of some degree, as it's an expensive hobby which would mean that investment and money play a key factor in your life somewhere, and however hard we try to put a front on it nobody gets enjoyment from losing money. Investment doesn't have to be 1st in thought or purchase a piece for instant profit, but I for one am being honest when I say that it would most certainly take the shine of of the purchase if I was to lose too much money in the long run.
NON
This means you buy with the intent of selling, which I would think is the wrong way of looking at it all. Instead, buy what you like and what you possibly see yourself wearing (very) long term and this argument becomes moot.
Rule #1... again and again.
The behaviour you're describing is a very different hobby that is called "investing in watches" . It's a perfectly acceptable pastime, but I don't think is representative of what most OF are about. Some are, however - we have a few "pros" on the forum. But, again, I don't think they'll share their trade secrets with you here. In the absence of any insider/specialist knowledge, you're left with probably a 50/50 chance of seeing your purchase appreciate - or take a bath. Which means the only true value comes from enjoying your purchase itself...
...and we're back to Rule #1 😀
In my humble opinion. If you enjoy high end horological pieces then I would imagine that you are a business person of some degree, as it's an expensive hobby which would mean that investment and money play a key factor in your life somewhere, and however hard we try to put a front on it nobody gets enjoyment from losing money. Investment doesn't have to be 1st in thought or purchase a piece for instant profit, but I for one am being honest when I say that it would most certainly take the shine of of the purchase if I was to lose too much money in the long run.