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JwRosenthal
·I’d rather slam my balls in a drawer
Would you be interested in buying shares of a luxury watch as an investment?
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Syrte
·I'm talking about second hand stainless not the newest and trendiest models. Nowadays in NYC the common reference 16610's are selling dealer to dealer for less than 8k.
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redpcar
·Troll?
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Walrus
·I had a lot to today but I spent a little time trying to find how people made out if the invested in these type of things. I remember reading about one in 2017 or there about. I couldn’t find any actual people who wrote about how it went for them. Just the ads for previous watch investment things.
I got no problem with people trying to find a creative way to make a buck. Shoot somehow I got into slinging Wisconsin ginseng to China but I assure you it’s not a lucrative venture. I think my brother in law is doing pretty good but he doesn’t seem to be in a rush to share the profits and it’s not like I can hop on on plane to China and kneecap him.
But somethings you need, or I need, for enjoyment/distraction. What would you do start looking at watches like the Nasdaq ticker? I fear it would take the fun out of watches if I just looked at them as dollar signs. Out of curiosity I do want to see how some of these watch investment things worked out if they have a five year history or any decent timeline that demonstrates performance.
I gotta go check Bitcoin and BRK-b and I bonds and pork bellies prices now.
I got no problem with people trying to find a creative way to make a buck. Shoot somehow I got into slinging Wisconsin ginseng to China but I assure you it’s not a lucrative venture. I think my brother in law is doing pretty good but he doesn’t seem to be in a rush to share the profits and it’s not like I can hop on on plane to China and kneecap him.
But somethings you need, or I need, for enjoyment/distraction. What would you do start looking at watches like the Nasdaq ticker? I fear it would take the fun out of watches if I just looked at them as dollar signs. Out of curiosity I do want to see how some of these watch investment things worked out if they have a five year history or any decent timeline that demonstrates performance.
I gotta go check Bitcoin and BRK-b and I bonds and pork bellies prices now.
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dsio
··Ash @ ΩF
About three months ago some bloke who knows my brother comes to me for a chat because he heard I’m a tech guy and he goes I’ve got this great business idea, we sell NFTs to old people as investments. That was it, NFTs had already been proven to be one of the most effective means of losing money since the poker machine, and this guy’s novel spin on it was sell it to old people because they probably don’t know that yet.
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dsio
··Ash @ ΩFBack to addressing the OP…
Generally speaking collectors like and enjoy watches more than the money they cost (hence why they spend money to get watches).
Scalpers and speculators push prices up while watches sit in safes, which makes nobody happy in the collector world.
When the arse fell out of Rolex and Patek earlier this year, the vast majority of collectors were pretty much like
When some of the grey market Rolex guys were upset on IG that their “friends” including some more famous ones ghosted them as soon as they were no longer the only source of Rolex watches… well yea they were never your friends, they were forced to pretend to like you because you had the only steel in town, now you’re a pleb nobody likes who’s lost a lot of money on the stock he’s holding and can’t afford the payments on his Urus anymore.
Generally speaking collectors like and enjoy watches more than the money they cost (hence why they spend money to get watches).
Scalpers and speculators push prices up while watches sit in safes, which makes nobody happy in the collector world.
When the arse fell out of Rolex and Patek earlier this year, the vast majority of collectors were pretty much like
When some of the grey market Rolex guys were upset on IG that their “friends” including some more famous ones ghosted them as soon as they were no longer the only source of Rolex watches… well yea they were never your friends, they were forced to pretend to like you because you had the only steel in town, now you’re a pleb nobody likes who’s lost a lot of money on the stock he’s holding and can’t afford the payments on his Urus anymore.
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Dan S
·Back to addressing the OP…
Generally speaking collectors like and enjoy watches more than the money they cost (hence why they spend money to get watches).
Scalpers and speculators push prices up while watches sit in safes, which makes nobody happy in the collector world.
Maybe the OP should try Reddit.
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TexOmega
·Probably isn’t a troll, there are legitimately people that come up with ideas like this and think they’re the next Elon Musk for their innovative thinking because they genuinely can’t imagine anyone else could have come up with it.
About three months ago some bloke who knows my brother comes to me for a chat because he heard I’m a tech guy and he goes I’ve got this great business idea, we sell NFTs to old people as investments. That was it, NFTs had already been proven to be one of the most effective means of losing money since the poker machine, and this guy’s novel spin on it was sell it to old people because they probably don’t know that yet.
When a newbie with an angle splashes and never responds, what is the term to use?
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JwRosenthal
·When a newbie with an angle splashes and never responds, what is the term to use?
At least he was transparent about being an asshat
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Difeer
·M MelisQThe luxury watch market is one of the best-performing assets–outperforming, among others, the stock and real estate market. High-end watches, such as the timepieces made by Rolex, Patek Phillipe and Audemars Piguet, are highly valuable. If you know to pick the right luxury watch, it can be seen as a popular and sound investment that appreciates over time. For instance, the Patek Philippe Nautilus Ref 5711/1A, one of the world’s most desirable luxury sports watches, yielded a massive +500% over the past few years. Owning such a timepiece, and experiencing the ROI, is out of reach for many people.
That's why I'm curious about everyone's opinion; Would you be interested in buying shares of a luxury watch as an investment?
Please explain your answer. Why yes or no?
Source: https://www.luxewatches.co.uk/the-best-luxury-watch-brands-to-invest-in-according-to-data/
(It's for a possible future business idea, not trying to sell anything just gathering opinions)
I would very much like that. Here is 10 bucks. I can hold on to the watch while we wait for the price to appreciate. I promise to maintain it with care 😝
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Syrte
·Probably isn’t a troll, there are legitimately people that come up with ideas like this and think they’re the next Elon Musk for their innovative thinking because they genuinely can’t imagine anyone else could have come up with it.
About three months ago some bloke who knows my brother comes to me for a chat because he heard I’m a tech guy and he goes I’ve got this great business idea, we sell NFTs to old people as investments. That was it, NFTs had already been proven to be one of the most effective means of losing money since the poker machine, and this guy’s novel spin on it was sell it to old people because they probably don’t know that yet.
That’s plain awful. At least the OP here never floated such a disgusting concept.
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eugeneandresson
·When the arse fell out of Rolex and Patek earlier this year
I would love to know exactly what this means…as from what I have seen prices are still full of s—t … granted I have not been tab keeping across the board but the 1 or 2 models that interest me are still rediculously priced…
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tyrantlizardrex
·I would love to know exactly what this means…as from what I have seen prices are still full of s—t … granted I have not been tab keeping across the board but the 1 or 2 models that interest me are still rediculously priced…
Across the board there was an approximate 30% drop (almost overnight) in the grey market/flipper prices being asked for nearly all current models. Believed to be closely linked to some crypto/NFT nonsense…
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eugeneandresson
·Across the board there was an approximate 30% drop (almost overnight) in the grey market/flipper prices being asked for nearly all current models. Believed to be closely linked to some crypto/NFT nonsense…
Most things were up 2.5~6x (or more). 30% drop of that still leaves everything over valued by an order of 2~4x magnitude. I still feel like I am missing something…
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Pianotuna
·Reminds me of the young fellow a few years ago that came on and asked to buy watches from us cheaply so he could sell them at a large profit to build a new business as a watch dealer.
At least he was transparent about being an asshat
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Om3ga321
·NO
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Difeer
·Most things were up 2.5~6x (or more). 30% drop of that still leaves everything over valued by an order of 2~4x magnitude. I still feel like I am missing something…
I guess with the level of fluctuations, which is in part coming from "investors" arbitrarily driving prices through short term demand and supply, buying a watch expecting the next person to come along offering a higher price is not very prudent.
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tyrantlizardrex
·Most things were up 2.5~6x (or more). 30% drop of that still leaves everything over valued by an order of 2~4x magnitude. I still feel like I am missing something…
Agreed, and the prices being asked are still bonkers, but even at the “reduced” prices watches aren’t selling.
I am hearing more and more stories from folks in London who are picking up unused watches bought for “investment” at RRP, because the “investors” are panicking and need liquidity.
It’s an ongoing shit show where idiots are showing just how idiotic they are.
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