5711 or BLNR?

[ap1]

I’d take the 5711, it has more room to run

[AK797]

In truth in this market I would not worry about resale prices any more, the last 6 months have seen constant balking at rising prices and then regret as they were not bought, and so I would just put that all aside and focus on the watches and get your grail, which does sound like the white 5711, and if the price does fall in future, so what, if it is a grail watch for wearing. Don't settle if you can afford not to.

[Valedictorian]

Update: went to try on the 5711 and was disappointed at how cheap and flimsy the watch looked on my wrist! It definitely didn’t look like a 38k watch at all (not even 30k!). Even the seller, who seems to be an honest man, told me he wouldn’t buy this watch.

The guy with the BLNR never showed up and doesn’t respond to my messages anymore.

In short: lots of adrenaline today but going home empty-handed...

[Valedictorian]

Here are some wrist shots...

[vipereaper30]

For 38k the watch shouldn't feel cheap to you! The BLNR definitely feels more substantial.

[Valedictorian]

Somehow, I couldn’t upload. Don’t know how to resizs pics to fit them. Will post if I figure it out.

[vipereaper30]

Originally Posted by AK797

In truth in this market I would not worry about resale prices any more, the last 6 months have seen constant balking at rising prices and then regret as they were not bought, and so I would just put that all aside and focus on the watches and get your grail, which does sound like the white 5711, and if the price does fall in future, so what, if it is a grail watch for wearing. Don't settle if you can afford not to.

Wasn't something like this said about tulips once? Seriously the craziness can't go on forever! Right??

[AK797]

Originally Posted by vipereaper30

Wasn't something like this said about tulips once? Seriously the craziness can't go on forever! Right??

I don't try and predict a top I just buy and ride, and then have a plan to sell when a crash happens, selling early is what most amateurs do and why they don't maximise profits. I'd apply the same principles to this market now if the watch is a keeper like a long term blue chip, so there should be no issue at buying high.

A key difference is a stockmarket falls much quicker than it rises, the grey watch market will do the opposite as it is controlled by a few market makers who don't make much money on falling prices so they won't suddenly slash them.

[vipereaper30]

Originally Posted by AK797

I'd apply the same principles to this market now, and if a watch is a keeper like a long term blue chip then there should be no issue at buying high.

I like your kind of enabling! I'm just having cold feet myself on a 5711 at the new retail and it all seems a little bit crazy. There hasn't been a single AD that I've spoken with in the last year that hasn't told me they've never seen the market like it is today.

[AK797]

Originally Posted by vipereaper30

I like your kind of enabling! I'm just having cold feet myself on a 5711 at the new retail and it all seems a little bit crazy. There hasn't been a single AD that I've spoken with in the last year that hasn't told me they've never seen the market like it is today.

Many of us invest for growth and momentum nowadays, but if you take the value approach, which is long term, then if the watch is a keeper it should make paying a higher price more acceptable, but even then you have to weigh up if the keeper is good value at this price or is the opportunity cost too high. My example is the 5164, I thought it was overpriced a year ago, but I have revalued the watch and the opp cost more recently in this market, and came to the conclusion that the watch was now a fair price and I bought it.