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javier · 13 September 2016, 10:15 PM

Las week I did:

Sold YM 16622 (year 2008): 6.000 no papers neither box
Sold GMT M II 116710 (year 2013): 6.200 no papers neither box
Bought Sub No date 114060 “NEW”: 6.800 Full papers no box

As a result in my pocket: 5.400 cash

Question is if I made a good deal besides I like my new watch. Is it important to take it into account ?

Thank you very much indeed !!!

Rocco21 · 13 September 2016, 10:21 PM

The prices you sold for seem about right,sub decent price.I like the sub the best of those 3 so new sub and 5400 in cash sounds good to me.If your happy that's all that matters.

beshannon · 13 September 2016, 10:23 PM

Quote:

Originally Posted by javier

Question is if I made a good deal besides I like my new watch. Is it important to take it into account ?

Is that important to you?

javier · 13 September 2016, 10:28 PM

50% pleasure 50% business

beshannon · 13 September 2016, 11:07 PM

Quote:

Originally Posted by javier

50% pleasure 50% business

Well you sold two to get one, if that make you happy . . .

You need to subtract the cost of the first two from your net to see if this is a "business"

Rebel · 13 September 2016, 11:37 PM

I buy/wear for pleasure. Wouldn't do anything rash or "stupid" in flipping to get another watch. However, I have lost some money (a little) to move on to another model.

Again, for pleasure.

watchwatcher · 13 September 2016, 11:53 PM

I don't regard any of my watches as a business purchase, to be honest.

If I did, I would be a LOT more frugal about buying and flipping.

And, have a LOT less fun. It's all about the fun...for me, anyway.

AK797 · 13 September 2016, 11:56 PM

Obviously we are watch fans and buy to wear and enjoy, but as Rolexes have strong resale if there is a price rise, they can be sold at a small profit, but that is an ancillary benefit and not something to consider much beforehand.

Now if you can claim Rolex as a necessary business expense then that's a different story and a business I want to get into.

GB-man · 13 September 2016, 11:58 PM

Pleasure.

Goin2drt · 14 September 2016, 12:07 AM

Pleasure. My problem is the watches I own that have appreciated in value I have no desire to sell because of the stories and they will be handed down to my kids so it is all pleasure.

porschedude · 14 September 2016, 12:15 AM

Some make a business out of buying and selling but for me its all about personal enjoyment.

marcotagudelo · 14 September 2016, 12:21 AM

the thing about buying and selling is that as soon as you buy that watch is for sale.
normally when you want to sell you get desperate and then mistakes come(normally lowering prices) 5400 in pocket sounds about right to me, you enjoyed them and got "your money back".
me personally i like rotation so i need more than 2
what are you going to do with the 5400?buy a watch or stash it?

javier · 14 September 2016, 12:49 AM

Thinking about it.... but normally I am a buyer

Chewbacca · 14 September 2016, 12:59 AM

you likely got into watches for the pleasure, but its clearly business as of now.

when posts like this come up, the passion eventually drops imop.

JorgeCCW · 14 September 2016, 01:04 AM

Pure pleasure , but it helps to be smart so you don't get burned...buy at the righ price and I limit my purchases to 3-4 brands (Rolex included) that I know will either retain their price or have little loss. " I TRY "

sea-dweller · 14 September 2016, 01:35 AM

Pleasure for me.

drgoro · 14 September 2016, 01:42 AM

Sounds like you have a $5400 head start on your next watch.

james walters · 14 September 2016, 01:45 AM

Pleasure

PLATONAS ARE BORING · 14 September 2016, 01:49 AM

pleasure unless you are a watch dealer as your profession.

airchitect · 14 September 2016, 02:04 AM

Pleasure with a side of business. I like most brands but will only shell out real money on a Rolex. If IT hits the fan and liquidation is necessary it's nice to know I'll be okay.

masyv6 · 14 September 2016, 02:38 AM

Pleasure, personally.

t60 · 14 September 2016, 03:08 AM

I tried doing the business thing with lower end watches ($1-300), and it's not worth the time IMO. Maybe when I was in college or something, it may have worked well.

With these higher end watches..no way lol. I don't have the cash or stomach for it. I'm sure it's lucrative but IMO there are enough trusted sellers on the market fighting for business. I wouldn't be able to handle a customer wanting to return a 10k watch, or worse, telling me no watch was in the box.

Watchgeek5000 · 14 September 2016, 03:21 AM

It may sound like fun at first, but dealing with the public and selling expensive items to strangers can lead to some serious headaches! Not to mention the competition.IMO, buy a Rolex to enjoy and maybe use it to flip for your next one.

T. Ferguson · 14 September 2016, 03:37 AM

You got the Sub for a fair price.

You received $12,200 for the two watches you sold. So the question is - how much did you pay for them?

javier · 14 September 2016, 04:44 AM

Almost the same money for both

brandrea · 14 September 2016, 04:51 AM

Quote:

Originally Posted by T. Ferguson

You got the Sub for a fair price.

You received $12,200 for the two watches you sold. So the question is - how much did you pay for them?

Exactly

ajas · 14 September 2016, 10:41 PM

Pleasure for me. It may be business for my kids once they inherit them.

Lol. Don't believe I said it.

13 September 2016, 10:15 PM	#1
javier "TRF" Member Join Date: Aug 2016 Location: Argentina Posts: 762	Buy a rolex: Only for pleasure or to do business too ? Las week I did: Sold YM 16622 (year 2008): 6.000 no papers neither box Sold GMT M II 116710 (year 2013): 6.200 no papers neither box Bought Sub No date 114060 “NEW”: 6.800 Full papers no box As a result in my pocket: 5.400 cash Question is if I made a good deal besides I like my new watch. Is it important to take it into account ? Thank you very much indeed !!!

13 September 2016, 11:37 PM	#6
Rebel "TRF" Member Join Date: Jul 2008 Real Name: Dr Mark R Nail Location: New Albany Watch: Tudor Sub 75090 Posts: 8,057	I buy/wear for pleasure. Wouldn't do anything rash or "stupid" in flipping to get another watch. However, I have lost some money (a little) to move on to another model. Again, for pleasure. __________________ ------------------------------- Member of the Nylon Nation

14 September 2016, 01:04 AM	#15
JorgeCCW "TRF" Member Join Date: Jul 2013 Real Name: Jorge Location: Ohio, USA Watch: Rolex,Patek and AP Posts: 4,675	Buy a rolex: Only for pleasure or to do business too ? Pure pleasure , but it helps to be smart so you don't get burned...buy at the righ price and I limit my purchases to 3-4 brands (Rolex included) that I know will either retain their price or have little loss. " I TRY " __________________ -------------------------------------------------------------------------------------------------------------------------------- "Nothing happens until something moves " Albert Einstein

14 September 2016, 01:35 AM	#16
sea-dweller "TRF" Member Join Date: Oct 2007 Real Name: Dennis Location: Bay Area - 925 Posts: 40,018	Pleasure for me. __________________ TRF Member #6699 (since September 2007)

14 September 2016, 02:04 AM	#20
airchitect "TRF" Member Join Date: Mar 2012 Location: KY Watch: A few..... Posts: 3,784	Buy a rolex: Only for pleasure or to do business too ? Pleasure with a side of business. I like most brands but will only shell out real money on a Rolex. If IT hits the fan and liquidation is necessary it's nice to know I'll be okay.

13 September 2016, 10:21 PM	#2
Rocco21 Banned Join Date: Jan 2016 Real Name: Rob Location: Cape Cod Watch: 126660,126600 Posts: 1,324	The prices you sold for seem about right,sub decent price.I like the sub the best of those 3 so new sub and 5400 in cash sounds good to me.If your happy that's all that matters.

13 September 2016, 10:28 PM	#4
javier "TRF" Member Join Date: Aug 2016 Location: Argentina Posts: 762	50% pleasure 50% business

13 September 2016, 11:53 PM	#7
watchwatcher "TRF" Member Join Date: Jan 2009 Real Name: Larry Location: Kentucky Watch: Yes Posts: 34,479	I don't regard any of my watches as a business purchase, to be honest. If I did, I would be a LOT more frugal about buying and flipping. And, have a LOT less fun. It's all about the fun...for me, anyway.

13 September 2016, 11:56 PM	#8
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,230	Obviously we are watch fans and buy to wear and enjoy, but as Rolexes have strong resale if there is a price rise, they can be sold at a small profit, but that is an ancillary benefit and not something to consider much beforehand. Now if you can claim Rolex as a necessary business expense then that's a different story and a business I want to get into.

13 September 2016, 11:58 PM	#9
GB-man 2024 Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 36,860	Pleasure.

14 September 2016, 12:07 AM	#10
Goin2drt Banned Join Date: Aug 2014 Location: Kentucky Posts: 2,307	Pleasure. My problem is the watches I own that have appreciated in value I have no desire to sell because of the stories and they will be handed down to my kids so it is all pleasure.

14 September 2016, 12:15 AM	#11
porschedude "TRF" Member Join Date: Mar 2013 Location: USA Watch: 116610LV Posts: 1,207	Some make a business out of buying and selling but for me its all about personal enjoyment.

14 September 2016, 12:21 AM	#12
marcotagudelo "TRF" Member Join Date: Aug 2015 Location: in my house Posts: 357	the thing about buying and selling is that as soon as you buy that watch is for sale. normally when you want to sell you get desperate and then mistakes come(normally lowering prices) 5400 in pocket sounds about right to me, you enjoyed them and got "your money back". me personally i like rotation so i need more than 2 what are you going to do with the 5400?buy a watch or stash it?

14 September 2016, 12:49 AM	#13
javier "TRF" Member Join Date: Aug 2016 Location: Argentina Posts: 762	Thinking about it.... but normally I am a buyer

14 September 2016, 12:59 AM	#14
Chewbacca Banned Join Date: May 2012 Real Name: CJ Location: Kashyyyk Watch: Kessel Run Chrono Posts: 21,113	you likely got into watches for the pleasure, but its clearly business as of now. when posts like this come up, the passion eventually drops imop.

14 September 2016, 01:42 AM	#17
drgoro "TRF" Member Join Date: Mar 2014 Location: Virginia Posts: 816	Sounds like you have a $5400 head start on your next watch.

14 September 2016, 01:45 AM	#18
james walters Banned Join Date: Oct 2015 Location: ny,buffalo Posts: 78	Pleasure

14 September 2016, 01:49 AM	#19
PLATONAS ARE BORING Banned Join Date: Sep 2016 Location: SO ARE THE OWNERS Posts: 1	pleasure unless you are a watch dealer as your profession.

14 September 2016, 02:38 AM	#21
masyv6 2024 Pledge Member Join Date: Sep 2015 Real Name: Mike Location: 35000ft Posts: 3,747	Pleasure, personally.

14 September 2016, 03:08 AM	#22
t60 "TRF" Member Join Date: Mar 2016 Location: California Posts: 318	I tried doing the business thing with lower end watches ($1-300), and it's not worth the time IMO. Maybe when I was in college or something, it may have worked well. With these higher end watches..no way lol. I don't have the cash or stomach for it. I'm sure it's lucrative but IMO there are enough trusted sellers on the market fighting for business. I wouldn't be able to handle a customer wanting to return a 10k watch, or worse, telling me no watch was in the box.

14 September 2016, 03:21 AM	#23
Watchgeek5000 "TRF" Member Join Date: Sep 2014 Location: Brooklyn USA Watch: Daytona Posts: 1,622	It may sound like fun at first, but dealing with the public and selling expensive items to strangers can lead to some serious headaches! Not to mention the competition.IMO, buy a Rolex to enjoy and maybe use it to flip for your next one.

14 September 2016, 03:37 AM	#24
T. Ferguson "TRF" Member Join Date: Oct 2012 Location: Left Coast Posts: 7,025	You got the Sub for a fair price. You received $12,200 for the two watches you sold. So the question is - how much did you pay for them? __________________ *Some days it's just not worth chewing through the restraints.*

14 September 2016, 04:44 AM	#25
javier "TRF" Member Join Date: Aug 2016 Location: Argentina Posts: 762	Almost the same money for both

14 September 2016, 10:41 PM	#27
ajas "TRF" Member Join Date: Nov 2013 Real Name: Will Location: Kuala Lumpur Watch: SubC, Pam, Speede Posts: 3,140	Pleasure for me. It may be business for my kids once they inherit them. Lol. Don't believe I said it.

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