Flipping the swatch watch

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sgrossma

·Dec 12, 2017

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?

 

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tyrantlizardrex

·Dec 12, 2017

Stupid is as stupid does.

 

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mayankyadav

·Dec 12, 2017

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.

 

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abrod520

·Dec 12, 2017

mayankyadav

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.

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?

 

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sgrossma

·Dec 12, 2017

abrod520

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?

Correct - that is what I meant. And while Hodinkee has an excellent track record, it was still pure speculation.

 

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smitty190373

·Dec 12, 2017

Id rather just have a Swatch Swatch.

 

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mayankyadav

·Dec 12, 2017

oops.. gotcha! My bad..

 

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Foo2rama

·Dec 12, 2017·Nowhere near as grumpy as he used to be...

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.

 

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abrod520

·Dec 12, 2017

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

 

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Edantony

·Dec 13, 2017

Plus, they're retailing the Hodinkee swatch at the NYC times square Swatch store...

 

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river rat

·Dec 14, 2017

Not worth the hassle for a 50 buck profit what idiots

 

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dialstatic

·Dec 14, 2017

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.

 

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sgrossma

·Dec 14, 2017

dialstatic

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.

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.

 

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ScubaPro

·Dec 14, 2017

dialstatic

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.

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.