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Consolidation Approaches?

  1. mgarelik

    mgarelik Feb 23, 2019

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    Hi all.

    Other than the "sell the ones you don't wear" approach, how do folks approach consolidating their collection, or moving it forward?

    Any specific philosophies on this that could be interesting to the group?
     
  2. gostang9

    gostang9 Feb 23, 2019

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    My approach so far has been to buy more storage containers...
     
  3. Fritz

    Fritz genuflects before the mighty quartzophobe Feb 23, 2019

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    I'm toying with wearing two at a time.
     
    Matty01 and mgarelik like this.
  4. mgarelik

    mgarelik Feb 23, 2019

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    All valid...and I am assuming common approaches. Anyone else less enabling here?

    Let's say needed to sell to fund a purchase...how to pick which?
     
  5. SeanO

    SeanO Feb 23, 2019

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    You can always sell or divorce the wife. That will help with thinning out the herd temporarily but after a while you’ll still have the same problem.

    In extremis I recommend separating all heirloom pieces and the 6 or 7 you wear the most then sending all the others to storage. That should clear up enough space at home for new watches.
     
    GuiltyBoomerang likes this.
  6. watchknut

    watchknut New watch + Instagram + wife = dumbass Feb 23, 2019

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    I buy to sell, so I can buy more and upgrade.

    A collection for me is constantly evolving, but recently I’ve been stuck, as there is nothing that I really want, so I may just consolidate a few pieces so I have some cash on hand.

    At the the end of the day, ask yourself if you will be able to buy the watch again at a price you can live with, or if you would ever buy the watch again.
     
  7. qboa

    qboa Feb 23, 2019

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    "Ask You Wife Approach" is extremely effective ...
     
  8. warrydog

    warrydog Feb 23, 2019

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    I follow the Adam Smith approach.... buy cheaply and sell dearly...
    where I fail is in the selling.....
     
    KingCrouchy, mgarelik and qboa like this.
  9. STANDY

    STANDY schizophrenic pizza orderer and watch collector Feb 23, 2019

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    Took a few years to work out.

    Look for the best Condition
    Buy the best Condition
    Keep the best Condition
     
  10. Janne2000

    Janne2000 Feb 24, 2019

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    I totally agree with you!! I also only look for the best condition when buying, not the best price as I once did..
     
  11. Janne2000

    Janne2000 Feb 24, 2019

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    I have heavily invested in my collection the last year. The main reason is because my mom past away in cancer and my father in law also helped me invest. The collection I have at the moment I will try to upgrade but not adding moore cash. It will mean that I have to trade or sell to get what I want..
    Its always a tricky part but I think it’s healthy when you have to choose and sometimes sell to buy. I dont have any watch in my collection that I dont like or think is bad but I have a few I know will stay a bit longer:)
     
    mgarelik likes this.