£4000 enjoyment tax in 6 years

[scimps]

So for accounting and reminiscence reasons I did a list. Just figured out my ownership path and money spent along the way. Thought I'd share:

Since I discovered a passion for Swiss watches - but couldn't tell you a thing about them (2010) until now (2016) I've flipped and traded my way through every one that evolved my interest.

Needless to say the trades often involved a financial burden and I hardly ever did a trade where I profited... But - in 6 years I have experienced and enjoyed owning all of these magnificent watches with just a " loss" of £4000.

Omega SMP 300m bond quartz
Omega po 25000 42mm
Omega po 2500 45 mm
Omega po 8500 45 mm

Breitling chrono super ocean

Audemars piguet 15400st

Panerai 176 - titanium

Cartier Santos 100

Rolex 114060.
Another 114060
Rolex Date just 2
Rolex deep-sea
Rolex 116610ln
Rolex 16610
Rolex explorer 2 42mm
Rolex milgauss gv
Another gv
Rolex Daytona 16520 zenith
Rolex Daytona 116509


Not bad - £4000: for 6 yrs of happiness and experience

[REFZ]

Looks like you don't know what you really want and like.

[madgpol]

Very interesting read. I bet the Rolexes losses were minimal? Which one did you enjoy the most?

Jason

[SubMarine]

I think this is the norm, not the exception. If you're happy with your choice, that's all that matters.

[Maiden]

Wow seems like a lot of money wasted to me. But if you think you got good value that is all that matters.

[mjclark32]

Originally Posted by nresetar

Wow seems like a lot of money wasted to me. But if you think you got good value that is all that matters.

Not to me. Enjoyed 19 different (mostly) watches over 6 years, not too bad IMO

[Vinyasa]

OP -- so what model(s) do you currently own?

[Token74]

Good list and lots of experience. So which were your favourites and what do you currently have? Seems a shame for us all not to benefit in your £4k worth of research.

[AK797]

The journey is half the fun, I don't look forward to when it ends.

[TimeRookie]

Originally Posted by scimps

So for accounting and reminiscence reasons I did a list. Just figured out my ownership path and money spent along the way. Thought I'd share:

Since I discovered a passion for Swiss watches - but couldn't tell you a thing about them (2010) until now (2016) I've flipped and traded my way through every one that evolved my interest.

Needless to say the trades often involved a financial burden and I hardly ever did a trade where I profited... But - in 6 years I have experienced and enjoyed owning all of these magnificent watches with just a " loss" of £4000.

Omega SMP 300m bond quartz
Omega po 25000 42mm
Omega po 2500 45 mm
Omega po 8500 45 mm

Breitling chrono super ocean

Audemars piguet 15400st

Panerai 176 - titanium

Cartier Santos 100

Rolex 114060.
Another 114060
Rolex Date just 2
Rolex deep-sea
Rolex 116610ln
Rolex 16610
Rolex explorer 2 42mm
Rolex milgauss gv
Another gv
Rolex Daytona 16520 zenith
Rolex Daytona 116509


Not bad - £4000: for 6 yrs of happiness and experience

Good for you!! That's cheap entertainment as far as hobbies go.
L667 per year. Try competitive shooting or buy a hunting dog. Your watch hobby will look very reasonable!

[ref1655]

Originally Posted by REFZ

Looks like you don't know what you really want and like.

Originally Posted by nresetar

Wow seems like a lot of money wasted to me. But if you think you got good value that is all that matters.

that comes to roughly $6,000.00 USD over four years or -$1,500.00 USD per year in flipping losses/expenditures.

[strafer_kid]

With that kind of turn over, this turns out as not too bad a figure in some respect. The main thing as somebody has already picked up, you enjoyed it all!

[Mr Kram]

understandable. i have a core of my collection that remains fairly static, but i've probably flipped at least 30 watches in the last 10 years. shoot, i've almost been through as many cars. LOL

[DandyAnt]

Originally Posted by scimps

So for accounting and reminiscence reasons I did a list. Just figured out my ownership path and money spent along the way. Thought I'd share:



Since I discovered a passion for Swiss watches - but couldn't tell you a thing about them (2010) until now (2016) I've flipped and traded my way through every one that evolved my interest.



Needless to say the trades often involved a financial burden and I hardly ever did a trade where I profited... But - in 6 years I have experienced and enjoyed owning all of these magnificent watches with just a " loss" of £4000.



Omega SMP 300m bond quartz

Omega po 25000 42mm

Omega po 2500 45 mm

Omega po 8500 45 mm



Breitling chrono super ocean



Audemars piguet 15400st



Panerai 176 - titanium



Cartier Santos 100



Rolex 114060.

Another 114060

Rolex Date just 2

Rolex deep-sea

Rolex 116610ln

Rolex 16610

Rolex explorer 2 42mm

Rolex milgauss gv

Another gv

Rolex Daytona 16520 zenith

Rolex Daytona 116509





Not bad - £4000: for 6 yrs of happiness and experience

And why not, you could've blown £4K easy at the casino or bought a new (average) car and lost that by driving it off the forecourt - enjoy and keep buying and selling 👍🏼

[Sal_UKSheffield]

Thats not bad considering it was 6 years and so many watches

I bought a sub date new from an AD for 5400 and sold it 6 months later for 4350

Only to then rebuy a new sub 12 months after that... Still got the second sub (do not think i will sell this... ever)

[Daytona88]

With that many flips you did very well with that minimal a cost. You must have a good source for preowned watches!

[rebel_1]

Originally Posted by Daytona88

With that many flips you did very well with that minimal a cost. You must have a good source for preowned watches!

He must. I have lost more than this for sure. Nice job!

[lain09]

So what are your experiences with them and what you own now. Looking back any pieces you regretted buying or selling?

[ap1]

I better not say what I've lost on some flips.

[judson]

Count me as another member interested in which ones you still have and why. Also, why did you flip the ones you no longer own? I think you have done well.

[ILuvSubs]

Subscribed. I too would love to hear the war stories of your watch journey.

Given the number of watches you've gone through, I think you've done well too!

[Rolexvin]

I spend that on cell phone bills tv and internet every 2 years and I am not able to wear any of it :)

This shows that this hoppy is not as expensive as one may think.

[Dyim]

Less than £2 a day.

Pretty good, a cup of coffee a day.