Stern Interview on NY Times

[KBM]

"We don't like banks".

Cracked me up.

[SilverFoxUK]

Picking up on your point Russell, how can we differentiate a 'flipper' from a person who just changes their mind about a piece for whatever reason after a few months or a year, and decides to sell it?

Reasons to sell may be a) to buy more watches, b) it was not getting a lot of wrist time, c) need the money for other things, d) just changed my mind... and if it makes a profit then great - don't see the need to be guilty about it.

It seems there is a fine line, and I don't want to fall foul of it and ruin my 'reputation' etc, but ultimately there can be several reasons to sell a watch. What exactly is a flipper really?

[Russell996]

Originally Posted by SilverFoxUK

Picking up on your point Russell, how can we differentiate a 'flipper' from a person who just changes their mind about a piece for whatever reason after a few months or a year, and decides to sell it?

Reasons to sell may be a) to buy more watches, b) it was not getting a lot of wrist time, c) need the money for other things, d) just changed my mind... and if it makes a profit then great - don't see the need to be guilty about it.

It seems there is a fine line, and I don't want to fall foul of it and ruin my 'reputation' etc, but ultimately there can be several reasons to sell a watch. What exactly is a flipper really?

Being a flipper is all about the intention prior to purchase not what happens after purchase. I would define a flipper as someone who’s sole intention for buying the piece is to never wear it, try to leave the piece still in it’s packaging and straight away sell the piece possibly to a predetermined buyer.
All your reasons are fine and not flipping in my book.

[SilverFoxUK]

Thank you, very wise words...

Originally Posted by Russell996

Being a flipper is all about the intention prior to purchase not what happens after purchase. I would define a flipper as someone who’s sole intention for buying the piece is to never wear it, try to leave the piece still in it’s packaging and straight away sell the piece possibly to a predetermined buyer.
All your reasons are fine and not flipping in my book.

[Mr Naultilus]

Originally Posted by SilverFoxUK

Thank you, very wise words...

Silverfox = pip Schofield ?

Sent from my J8210 using Tapatalk