Forums Latest Members

Flipping the swatch watch

  1. sgrossma Dec 12, 2017

    Posts
    1,312
    Likes
    1,364
    I'm all about making money and investing in watches if the right opportunity presents itself, but I find it funny the number of people that are trying to flip the $150 hodinkee swatch watch on ebay to make $50-$60 after fees. I guess that pays for dinner?
     
  2. tyrantlizardrex Dec 12, 2017

    Posts
    8,601
    Likes
    26,208
    Stupid is as stupid does.
     
  3. mayankyadav Dec 12, 2017

    Posts
    420
    Likes
    558
    I have 10-15 watches which include a couple of Swatch, a Citizen Eco Drive that I bought less than 3 years ago for $320 and which is now not even worth $100 and so on.
    The point is if I am able to sell them all for $50 on an average, I will have $500,..so why not ? That sarcasm in my opinion was uncalled for.. to each their own.
     
  4. abrod520 Dec 12, 2017

    Posts
    9,611
    Likes
    28,417
    I don't think you understood the post. People are buying the Hodinkee Swatch limited edition, and trying to flip them for a $50-60 profit. The question being, why bother at that point?
     
    mayankyadav likes this.
  5. sgrossma Dec 12, 2017

    Posts
    1,312
    Likes
    1,364
    Correct - that is what I meant. And while Hodinkee has an excellent track record, it was still pure speculation.
     
    mayankyadav likes this.
  6. smitty190373 Dec 12, 2017

    Posts
    1,834
    Likes
    6,830
    Id rather just have a Swatch Swatch.


    20171201_154839.jpg
     
    tyrantlizardrex likes this.
  7. mayankyadav Dec 12, 2017

    Posts
    420
    Likes
    558
    oops.. gotcha! My bad..
     
  8. Foo2rama Keeps his worms in a ball instead of a can. Dec 12, 2017

    Posts
    15,563
    Likes
    22,349
    I don’t get the sistem51. For that price the number of excellent Seiko and Orient watches that don’t have plastic movements that look great exist in large numbers.
     
  9. abrod520 Dec 12, 2017

    Posts
    9,611
    Likes
    28,417
    Probably because it's Swiss, perhaps also because it's Swatch which has a bigger brand presence among the general public than Seiko or Orient.

    I'm not a big fan of Swatch's designs, so the Sistem51 was always a nonstarter for me too
     
    Foo2rama likes this.
  10. Edantony Dec 13, 2017

    Posts
    284
    Likes
    489
    Plus, they're retailing the Hodinkee swatch at the NYC times square Swatch store...
     
  11. river rat Dec 14, 2017

    Posts
    777
    Likes
    3,825
    Not worth the hassle for a 50 buck profit what idiots
     
  12. dialstatic Dec 14, 2017

    Posts
    924
    Likes
    1,763
    Well, if you flip two watches a day at sixty bucks profit each, you have yourself a nice little income. No one ever became poorer by selling something for more than the price at which they bought it.
     
  13. sgrossma Dec 14, 2017

    Posts
    1,312
    Likes
    1,364
    True - but don't forget that these went up for sale in an unnumbered limited production run. It's not like people knew where the secondary market would fall ahead of time.
    So to buy several swatches on speculation in hopes that you could maybe make 40-80 bucks a watch seems silly.
    I guess worst case you'd be stuck with several swatches. Worse things have happened?

    I also would not be surprised though to see several non-limited variations in the near future.
     
  14. ScubaPro Actually dives with dive watches!!! Dec 14, 2017

    Posts
    212
    Likes
    200
    Two watches a day with a $60 profit each? Why not? I'll get right on that, as soon as I corral all the monkeys flying out of my butt.