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Old 15 May 2021, 09:10 PM   #31
JSolution
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Quote:
Originally Posted by VonSomething View Post
Out of curiosity, what changed in the last few months since you made the below post?

"Hi everyone

Question to the WIS amongst us: do you expect the original Kermit to increase in value? I have the opportunity to purchase a NOS one with stickers for USD 21k. Does it make sense to do that for long term speculative purposes?

Thanks
V.
"

(Source: https://www.rolexforums.com/showthread.php?t=762627)
Lol
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Old 15 May 2021, 09:22 PM   #32
fsprow
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Suggest cutting back to just a single dram.
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Old 15 May 2021, 09:40 PM   #33
AJMarcus
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Originally Posted by Marcjvr View Post
Flippers are living in way too many peoples heads around here

Don’t hate the players. Hate the game!!
Exactly.
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Old 15 May 2021, 10:18 PM   #34
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Great read lol
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Old 15 May 2021, 10:31 PM   #35
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Quote:
Originally Posted by VonSomething View Post
Out of curiosity, what changed in the last few months since you made the below post?

"[I]Hi everyone

Question to the WIS amongst us: do you expect the original Kermit to increase in value?
Thanks, very funny. Something with pot and kettle
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Old 15 May 2021, 10:41 PM   #36
travisb
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Quote:
Originally Posted by VonSomething View Post
Out of curiosity, what changed in the last few months since you made the below post?

"Hi everyone

Question to the WIS amongst us: do you expect the original Kermit to increase in value? I have the opportunity to purchase a NOS one with stickers for USD 21k. Does it make sense to do that for long term speculative purposes?

Thanks
V.
"

(Source: https://www.rolexforums.com/showthread.php?t=762627)
I love TRF.
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Old 15 May 2021, 10:54 PM   #37
1William
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Funny.
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Old 15 May 2021, 10:58 PM   #38
Chester01
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The reality is we are living in a time where everything if commodified. Keeps up this version of capitalism will eat itself.
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Old 15 May 2021, 11:07 PM   #39
Kevin of Larchmont
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If you hate flippers then you hate the free market. Just wait until central planning is in charge of watch distribution.
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Old 15 May 2021, 11:30 PM   #40
Brew
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Just the salutatorian, I guess.
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Old 15 May 2021, 11:46 PM   #41
RoscoPico
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while I think we all can agree we don't like flippers, let's just do our part and not support inflated prices.
still the market is huge and will do what it does.
i'm just going to focus on things that matter to me in the meantime
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Old 15 May 2021, 11:53 PM   #42
thenewrick
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One thing I’ve noticed about TRF is many posters aren’t as savvy with message boards as some folks who’ve used them for decades now. It’s kind of funny seeing similar behavior to people first discovering them in the late 90s.

There was another poster on here bragging about his huge collection of hype models from an AD at msrp and made previous posts about how he was angry paying Grey market prices. Lots of shallow pathetic ppl trying for a casual ruse on message boards is very 1998.

There’s always someone somewhere, with a big nose who knows.
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Old 16 May 2021, 12:27 AM   #43
melhk
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Quote:
Originally Posted by VonSomething View Post
Out of curiosity, what changed in the last few months since you made the below post?

"Hi everyone

Question to the WIS amongst us: do you expect the original Kermit to increase in value? I have the opportunity to purchase a NOS one with stickers for USD 21k. Does it make sense to do that for long term speculative purposes?

Thanks
V.
"

(Source: https://www.rolexforums.com/showthread.php?t=762627)

Haha that’s brilliant!


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Old 16 May 2021, 12:33 AM   #44
Jpccarguy
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Quote:
Originally Posted by VonSomething View Post
Out of curiosity, what changed in the last few months since you made the below post?

"Hi everyone

Question to the WIS amongst us: do you expect the original Kermit to increase in value? I have the opportunity to purchase a NOS one with stickers for USD 21k. Does it make sense to do that for long term speculative purposes?

Thanks
V.
"

(Source: https://www.rolexforums.com/showthread.php?t=762627)
Burned!
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Old 16 May 2021, 12:39 AM   #45
onnomon
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off-topic...

Quote:
Originally Posted by Gab27 View Post
They are getting bolder by the day. Soon we're going to see $400,000 gray market Daytonas and black market steaks.
Black market steaks!?!?!? SOYLENT GREEN IS PEOPLE!!!!!
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Old 16 May 2021, 01:53 AM   #46
101031-28
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Quote:
Originally Posted by horseShu View Post
I think scalping has increased these past few years because of the internet.

And not just watches. Anything that are remotely popular and desired, are potential avenues of scalping and profit.

Only solution is to vote with your wallet. Don't buy; stick to retail.
Agree. As far as I am concerned, it's retail or pass.
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Old 16 May 2021, 06:08 AM   #47
47Fountain
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Quote:
Originally Posted by Valedictorian View Post
I honestly pity the folks that buy watches solely for speculative purposes. They hop on the bandwagon by all flocking towards the same 20-25 pieces, and in the process artificially increasing the prices of not only those, but pretty much every watch that could be an alternative. Prices of some references are so high nowadays that well-willing owners either have to hide them under their sleeve for fear of being mugged or have no other option than to keep them in a vault because you can’t possibly enjoy a watch that is nearing the value of small (or, depending on country, even big) real estate.

Meanwhile, those flippers are so clumsy: they anticipate a watch to be discontinued and therefore pay a ridiculous premium about 2-3 months ahead of April of each year, then attempt to dump them at unprecedented prices if indeed discontinued (of course, many of them can’t dispose of the watch because everyone else is trying the same thing at the exact same time) or, if discontinuation was fake news, neurotically seek to either trade up/down, hold on to it, or accept a financial loss along with incurring a dent in their ego thanks to their ‘genius plan’ and end up listing the watch for sale. Some of those listings are bumped up endlessly but no one bites.

The result of this clumsiness is that mass-produced Submariners are now consistently at 40% premium or more, and more refined (read: fragile) steel sports watches easily exceed a 250% premium. There’s even a quartz one that markets for around $90k now - a watch that won’t properly work after two or three decades, so you can’t pass them on to your kids, unless you like bad dad-jokes.

When you ask a flipper what the justification is of his ludicrous asking price, he points to Chrono24 as the benchmark - a place where many watches are most likely not in stock and/or inflated by at least 20% to accommodate for fees, ignorance, greed, and the negotiation buffer (noblesse oblige). I’m being very conservative with this 20% estimate as I’ve seen recent releases that are generally unwanted by your average WIS with a 250% mark-up.

Most vintage watches don’t have box nor papers anymore because people back then actually bought the watch for enjoyment and couldn’t care less about market value. Kudos to those here that are in that camp. I know many of you are.
Ok. I assume you are having trouble buying a watch for the price you would rather pay.
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Old 16 May 2021, 06:11 AM   #48
47Fountain
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Quote:
Originally Posted by VonSomething View Post
Out of curiosity, what changed in the last few months since you made the below post?

"Hi everyone

Question to the WIS amongst us: do you expect the original Kermit to increase in value? I have the opportunity to purchase a NOS one with stickers for USD 21k. Does it make sense to do that for long term speculative purposes?

Thanks
V.
"

(Source: https://www.rolexforums.com/showthread.php?t=762627)
Excellent catch.
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Old 16 May 2021, 06:15 AM   #49
214270Explorer
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Gray market has thousands and thousands of outrageously priced watches, of which only a few sell now and then.
Apparently they have other income to feed their kiddies?
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