Probably cheaper to buy the gold speedy with bracelet and then sell the watch head. It's insane how much Omega wants for just a bracelet.
Until then, may your efforts be fruitful and rewarding!
My philosophy is take the money component out of the equation. That done, if you don't like your watches, or have too many, by all means sell them. If you love your watches, keep them. Timing anything is usually hopeless, the vintage watch market is no exception. I have spent way to much on vintage watches. I have often overpaid and often undersold. But, I never spend with money that I need for something else, and I get pleasure from this hobby that can not convert to any monetary value. Financially naive, yes. But my watches make me happy and money doesn't always.
It’s the same with any tangible commodity. I have been told by many (who are money focused) that the real estate market is hot in my area right now, I should sell while I can get the max out of it. I then ask “but where would I live?”. Their response is rent an apartment….no thanks.
It’s the same with any tangible commodity. I have been told by many (who are money focused) that the real estate market is hot in my area right now, I should sell while I can get the max out of it. I then ask “but where would I live?”. Their response is rent an apartment….no thanks.
This year I’ve sold 8 watches (probably 1/3 of previous total), and have a few more to go. Mostly vintage. In theory, the resulting funds are waiting to go, consolidated, into a single watch.
I’d like a core, 6 watch collection I wear regularly. 4 slots are locked in. Two are modern Rolex. I’d love to add a 16750 GMT, but the present market…
Then separately, are the handful of vintage pieces I will rarely ever wear and that I keep for what - if I’m honest - amounts to ”collector” hoarding.
My philosophy is take the money component out of the equation. That done, if you don't like your watches, or have too many, by all means sell them. If you love your watches, keep them. Timing anything is usually hopeless, the vintage watch market is no exception. I have spent way to much on vintage watches. I have often overpaid and often undersold. But, I never spend with money that I need for something else, and I get pleasure from this hobby that can not convert to any monetary value. Financially naive, yes. But my watches make me happy and money doesn't always.
Irony for me is that the watches I can sell for the most gain are the very watches I’d never sell.
Similar situation here but then you realise that nice profit you made on your house is gobbled up on the next house and you still haven't progressed monetarily or asset wise as we all sell and buy on the same market.
Exactly! The 30% gain I would get on my house over 2 years ago will be absorbed in the next house - it’s a gain of net-zero or even worse, now you overpaid for the new house and are over extended when you were perfectly fine in last one.
This game is never rigged in our favor.
My philosophy is take the money component out of the equation. That done, if you don't like your watches, or have too many, by all means sell them. If you love your watches, keep them. Timing anything is usually hopeless, the vintage watch market is no exception. I have spent way to much on vintage watches. I have often overpaid and often undersold. But, I never spend with money that I need for something else, and I get pleasure from this hobby that can not convert to any monetary value. Financially naive, yes. But my watches make me happy and money doesn't always.
The only way you win is to have 2 ( or more) houses in the same market, location and leap frog buying and selling them, that way you can make a tidy profit.
Same. I get it, if I know I have a financial hit coming or I’m ready to phase into another part of my life, now would be a good time to cash out. But if you are still getting pleasure from something- why?
This game is never rigged in our favor.
This is a good time to thank you all and the forum for creating a place to share our like- minded interests, which quite honestly are not shared by many of my family members or friends. It is very refreshing to read your thoughts.
I decided last week that it was time to go through stuff I can sell and get things listed on eBay or elsewhere. Turns out I have a pile of old video games (mostly for the PlayStation 1 and a few NES) that are actually worth a nice chunk of money. These weren’t anything I collected just items of my childhood. One PS1 game I have is selling for around $550. There is a part of me that wants to hang onto them or put them on display but I know it’s just another rabbit hole to go down collecting so off they go. Hopefully turn them into a watch when enough sell.
Well, all bar my JLC Master Control and a 90s TAG SEL Chronometer that didn't attract adequate dealer interest. But everything else, mainly Rolexes, gone.
Why?
1. Because I had a watch box full of watches that used to mean something to me, but which I was not wearing and didn't mean to me what they once did.
2. Because I am bored with Rolex. They are everywhere.
3. Because I think we are at peak Rolex. One of the ones I sold today went for well over double what I paid for it. I cannot envisage it carrying on increasing forever.
4. It's just before Christmas and dealers want stock. I think they will do well this Christmas, but I have a hunch that Christmas 2022 may look more bleak.
I appreciate that my view won't be universally popular and watch me get proved spectacularly wrong on points 3 & 4.😁
The plan, and yes there is one, is to keep my JLC and buy a nice gold dress watch to alternate with it. For sport I will have an Apple watch.
But tonight I have a very empty looking watch box.
