Quote:
Originally Posted by Ichiran
He should have asked AP how many years he has to hold his AP before assuming 2 years is the cut-off for flipping. AP is launching the Certified Pre-Owned program by end 2023 where they would announce an official holding period, similar to Rolex's CPO of 3 years.
In his video, he also said he did not make any money from flipping his 2 APs. However, when he traded in his 2 APs, the value he traded them for must be market value where he has derived profits above MSRP pricing. Also, AP doesn't care if he traded up for more expensive RG APs because AP doesn't make money from both trade-in transactions.
That said, he has a wonderful AP collection and it must be painful losing that MSRP gateway.
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he's totally sugarcoating the fact that he sold those watches at a MUCH higher price than he bought them for. Him paying someone/some grey dealer more money for a different AP has no relation to AP. He's passing his comment as if he went and traded his watch with AP directly.
Of course he just cares about the MSRP gateway. He wants to leave a life-line But to be honest, this hurts his chances much more than selling the watch. If I were AP, I'd never sell a watch to him again.