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WatchVaultNYC
·When I look at your collection, my first thought is - sell the 2 non BT SM300s and play around with a couple of watches that isn't a Sub, a GMT Master or an SM300.
Clean House and Consolidate...Does it Make Sense?
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watchknut
·When I look at your collection, my first thought is - sell the 2 non BT SM300s and play around with a couple of watches that isn't a Sub, a GMT Master or an SM300.
I don't have the desire for UG or Heuer, don't want to get into obscure chronos or oversized 3 handers, although I love them.
No desire for anything modern.
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cristos71
·I didn't sell hardly anything for the first 8 years or so but it reached a point of just having way too many watches, I think at one point I had 85 or something, way too many for me.
There followed a long slow cull over a period of 2 years or so to bring the numbers down to a manageable level. This thinning now gets repeated every year or two and can be brought about by too many, or too expensive, new arrivals.
There followed a long slow cull over a period of 2 years or so to bring the numbers down to a manageable level. This thinning now gets repeated every year or two and can be brought about by too many, or too expensive, new arrivals.
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mac_omega
·I didn't sell hardly anything for the first 8 years or so but it reached a point of just having way too many watches, I think at one point I had 85 or something, way too many for me.
There followed a long slow cull over a period of 2 years or so to bring the numbers down to a manageable level. This thinning now gets repeated every year or two and can be brought about by too many, or too expensive, new arrivals.
I think at one point I had 85 or something,
85 only - really? I wish I were there around this number - it is just an illusion for me...
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watchlovr
·This is what consolidation can get you.
I decided that instead of having several Speedmasters, I'd just have this Speedmaster;
Instead of having several Seamster 300's, I'd just have this Seamster 300;
Instead of having several Rolex divers, I'd just have these 2 Rolex Divers;
I decided that instead of having several Speedmasters, I'd just have this Speedmaster;
Instead of having several Seamster 300's, I'd just have this Seamster 300;
Instead of having several Rolex divers, I'd just have these 2 Rolex Divers;
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watchknut
·This is what consolidation can get you.
I decided that instead of having several Speedmasters, I'd just have this Speedmaster;
Instead of having several Seamster 300's, I'd just have this Seamster 300;
Instead of having several Rolex divers, I'd just have these 2 Rolex Divers;
I think I am going to start putting out feelers for a DRSD...see what is in the market, prices realized, condition, etc., and then maybe move towards to liquidating the required pieces to obtain the right one.
I appreciate all of the insight, and more importantly the encouragement and support.
AND to everyone who has messaged me, don't worry, any watches that I sell will be offered on here first...preferably never make it to the board😀 BUT I am still a ways from making the final decision...
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ulackfocus
·any watches that I sell will be offered on here first...preferably never make it to the board😀
That happens a LOT.
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rollingrevolver
·This is what consolidation can get you.
I decided that instead of having several Speedmasters, I'd just have this Speedmaster;
Instead of having several Seamster 300's, I'd just have this Seamster 300;
Instead of having several Rolex divers, I'd just have these 2 Rolex Divers;
That is one hell of a consolidated collection..every one of them a grail. 😀
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Cortezthekiller
·Do it
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watchknut
·Nother much of an update.
I have moved a few pieces, and theven selling will continue.
I have decided to keep my core Omega and Rolex, and have added a 16700 as a daily beater and flippable watch. I am not going to sell 3 or 4 on order to get a $30k+ watch...just don't feel like the time is right.
Going to trim the fat and see how I like it.
Appreciate all of the insight.
I have moved a few pieces, and theven selling will continue.
I have decided to keep my core Omega and Rolex, and have added a 16700 as a daily beater and flippable watch. I am not going to sell 3 or 4 on order to get a $30k+ watch...just don't feel like the time is right.
Going to trim the fat and see how I like it.
Appreciate all of the insight.
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erpin9
·The fun is in the hunt be it classic cars, watches, paintings, coins, etc.. Its hard to stop or ignore the chance of acquiring something you have been lusting for a long time.
Lately,I have come to a point that if I want to buy another watch, I will have to give up a watch or watches in my collection to compensate for the value of the intended purchase, Its been working quite well and slowly I am thinning out the collection.
Lately,I have come to a point that if I want to buy another watch, I will have to give up a watch or watches in my collection to compensate for the value of the intended purchase, Its been working quite well and slowly I am thinning out the collection.
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WatchVaultNYC
·Could be a cyclical thing? I just went through a phase where I bought around additional 20 pieces in a span of around a month - just to see what I was missing out on. Most of them are headed to the chopping block but a few pieces added to my permanent collection.
As for a "world class collection" I'm afraid that if I ever wanted to measure my watches in those terms, I'd end up with a collection that was bought for someone else's enjoyment. Like for example, I would feel miserable if I gave up my comparatively dirt cheap Black Bay Red (which I wear regularly) with some other watch 10x more valuable but I would never wear. In a similar vein, my box has an Ed White, but yet I wear a 3592.50 more often. Should I just sell Eddie? Maybe I just need a better Ed White specimen?
As to buying the best pieces becoming "dangerous", I'm still trying to find a rule of thumb that makes economic sense. Say watches as a fixed percentage of your net worth? There is some opportunity cost when you keep a significant portion of your assets in watches. They could be earning money for you in business or investments.
As for a "world class collection" I'm afraid that if I ever wanted to measure my watches in those terms, I'd end up with a collection that was bought for someone else's enjoyment. Like for example, I would feel miserable if I gave up my comparatively dirt cheap Black Bay Red (which I wear regularly) with some other watch 10x more valuable but I would never wear. In a similar vein, my box has an Ed White, but yet I wear a 3592.50 more often. Should I just sell Eddie? Maybe I just need a better Ed White specimen?
As to buying the best pieces becoming "dangerous", I'm still trying to find a rule of thumb that makes economic sense. Say watches as a fixed percentage of your net worth? There is some opportunity cost when you keep a significant portion of your assets in watches. They could be earning money for you in business or investments.
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erpin9
·Could be a cyclical thing? I just went through a phase where I bought around additional 20 pieces in a span of around a month - just to see what I was missing out on. Most of them are headed to the chopping block but a few pieces added to my permanent collection.
As for a "world class collection" I'm afraid that if I ever wanted to measure my watches in those terms, I'd end up with a collection that was bought for someone else's enjoyment. Like for example, I would feel miserable if I gave up my comparatively dirt cheap Black Bay Red (which I wear regularly) with some other watch 10x more valuable but I would never wear. In a similar vein, my box has an Ed White, but yet I wear a 3592.50 more often. Should I just sell Eddie? Maybe I just need a better Ed White specimen?
As to buying the best pieces becoming "dangerous", I'm still trying to find a rule of thumb that makes economic sense. Say watches as a fixed percentage of your net worth? There is some opportunity cost when you keep a significant portion of your assets in watches. They could be earning money for you in business or investments.
Most of us would realize (knowingly or unknowingly) that our vintage watches have appreciated over the years. For example, I bought my minty Omega Speedmaster 321 a few years back for $1,500.00 complete with the correct bracelet. Now you can't buy the same watch for less than $7k. So if we follow WatchVaultNYC's suggestion of keeping a portion of our asset in vintage watches, it could be a nice retirement fund later on.
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MikiJ
·Most of us would realize (knowingly or unknowingly) that our vintage watches have appreciated over the years. For example, I bought my minty Omega Speedmaster 321 a few years back for $1,500.00 complete with the correct bracelet. Now you can't buy the same watch for less than $7k. So if we follow WatchVaultNYC's suggestion of keeping a portion of our asset in vintage watches, it could be a nice retirement fund later on.
It makes perfect economic common sense. After all its an all cash business with no Capital Gains Taxes 😉
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MPWATCH
·I think this is the only way to collect in 2016... The internet has enabled you the opportunity to only acquire the #1 example.
Happy Hunting!
Best,
Thomas
Happy Hunting!
Best,
Thomas
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watchknut
·Most of us would realize (knowingly or unknowingly) that our vintage watches have appreciated over the years. For example, I bought my minty Omega Speedmaster 321 a few years back for $1,500.00 complete with the correct bracelet. Now you can't buy the same watch for less than $7k. So if we follow WatchVaultNYC's suggestion of keeping a portion of our asset in vintage watches, it could be a nice retirement fund later on.
What is crazy is that she still doesn't get it...buying crazy expensive investment grade pieces is a totally foreign concept to her.
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WatchVaultNYC
·All good theories, but just to clarify my point previously - the "% of assets in watches" is more of a mechanism to not go overboard on buying, rather than as an investment vehicle for retirement.
Personally I like to keep cash for business operations, which I believe can make me more than a passive asset like stocks or watches.. Some of the cash goes to buying watches to sell 😕.. ahh this is so convoluted!
Personally I like to keep cash for business operations, which I believe can make me more than a passive asset like stocks or watches.. Some of the cash goes to buying watches to sell 😕.. ahh this is so convoluted!
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erpin9
·Not too long ago my wife was getting on me about my habit...you all know the song and dance. Instead of the typical tune, I changed course and let her know that if our 16 month old daughter were 18 today, that the black Pelican case could fully fund 4 years of an in state college...a little more. When I said imagine the value in 15+ years, she had a different outlook.
What is crazy is that she still doesn't get it...buying crazy expensive investment grade pieces is a totally foreign concept to her.
My wife got tired of asking me what I will do with all the watches because I always tell her that 10 years from now I will auction majority of the watch collection and the proceeds will be part of our retirement fund. And I always remind her that what I spend for this hobby is what I consider my disposable income.
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Edward53
·It's essential to know your own mind before leaping into action. I never sell anything unless I am 100% sure that I no longer want it. Buyer remorse may be bad; seller remorse is worse.
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Gwade
·I'm working on the 10 watch plan myself - I have an active job so I wear a rough 5513 beater at work and wear the good stuff nights and weekends. But that hasn't been enough rotation time for anything over 10.
So I am improving favorite examples now. Just picked up a perfect ST145.022 Apollo XI, found a perfect golden box for my Connie Deluxe, and a perfect BOR extendable clasp for my Seamaster Calendar.
While all this perfection would seem to relegate the collection to the safe; I find myself staring and wearing more than ever! It feels good to clear the safe and improve my already proven favorites. For now...
For clearance items just check the board!
So I am improving favorite examples now. Just picked up a perfect ST145.022 Apollo XI, found a perfect golden box for my Connie Deluxe, and a perfect BOR extendable clasp for my Seamaster Calendar.
While all this perfection would seem to relegate the collection to the safe; I find myself staring and wearing more than ever! It feels good to clear the safe and improve my already proven favorites. For now...
For clearance items just check the board!
