Just a discussion about watch selling and buying.

[hanz079]

I am sure those in the watch collecting hobby, flipping watches of course comes with the territory unless you really have all the space and time to keep 30+ watches running. Ahem ahem... TheHobbit  
There are of course alot of reasons, sometimes we fell out of love, not enough wrist time, etc etc...
I personally believe that watches are meant to be worn... if a watch doesn't get enough wrist time, it's like we're doing it a disservice.
I am already practicing a one in one out policy in my watchbuying simply to give a reason to myself and my other half that I'm actually not spending that much.

"How much did you buy that for? Erm... 3k? (Reality is closer to 5k)
But I sold a watch to buy this...
How much did you sell yours? Erm... 2.7k? (Reality is closer to 1.5k)
Oh, I see... I guess it's alrite"

Case closed...

So I was just wondering, when you sell a watch, how do you determine at what price you wanna let it go at? Of course sellers wanna sell as high as they can and buyers want to buy as low as they can.
Say a watch owned only for a month or two worn less than a handful of time... what is the hit I'm expecting to get?
What about a watch that have been worn alot but still in good condition? Or a 2-3 year old watch?
I know there are variables like desirability of the watch and so on but just wanna get some general opinions.
Thanks

[gapper]

hanz... you just disclosed our secret in our watch collecting hobby... hoping 'other half' did not visit this thread... or else... need to find reason to explain again!

[maximillian]

as for me,as long as i reach my next goal of purchasing another watch ,even if the price i let go is cheap,but its ok.better something than nothing haha

[Broleo]

+1

now i have to hide and rename the MWF link in favourites bar to something else in IE.

hanz... you just disclosed our secret in our watch collecting hobby... hoping 'other half' did not visit this thread... or else... need to find reason to explain again!

[dsiewmy]

i think in collecting any item, buying/selling comes with territory since you can never know wat u really like, and even so, your taste change.

my personal experience: when i started collecting pams, i thought that i liked complications like 8days, chrono, gmt etc etc. i kept collecting the one with display back, sandwich dial, date function, sub-seconds, watever they had EXCEPT the base.
after 6~8 months down the road, i realise the only one that i kept going back to day in and day out, are the bases. even the logo there is too much for me. i just want a clean dial. i don't really car if its sandwich or painted.

anyway that is just for PAMs. what about my other brands? LOL

as for selling your prized possession, i believe you have to sell at what you are comfortable with (1).
(2) try to be as close at market value (it is rather easy to determine by making a visit to any board with a garage sales thread)
(3) of cos if your watch is only a month old, maybe you can try selling closer to a brand new (but u r still going to take a big hit, unless if u found a guy looking for the same watch brand new)
(4) desirability and 2nd hand value - i believe it is quite easy to see how 2nd hand values are when u buy the watch new. what sort of discounts did u get brand new? then u would expect some sort of big discount when u sell them off later on.

hope that helps.

[chrisyen]

i think in collecting any item, buying/selling comes with territory since you can never know wat u really like, and even so, your taste change.

my personal experience: when i started collecting pams, i thought that i liked complications like 8days, chrono, gmt etc etc. i kept collecting the one with display back, sandwich dial, date function, sub-seconds, watever they had EXCEPT the base.
after 6~8 months down the road, i realise the only one that i kept going back to day in and day out, are the bases. even the logo there is too much for me. i just want a clean dial. i don't really car if its sandwich or painted.

anyway that is just for PAMs. what about my other brands? LOL

as for selling your prized possession, i believe you have to sell at what you are comfortable with (1).
(2) try to be as close at market value (it is rather easy to determine by making a visit to any board with a garage sales thread)
(3) of cos if your watch is only a month old, maybe you can try selling closer to a brand new (but u r still going to take a big hit, unless if u found a guy looking for the same watch brand new)
(4) desirability and 2nd hand value - i believe it is quite easy to see how 2nd hand values are when u buy the watch new. what sort of discounts did u get brand new? then u would expect some sort of big discount when u sell them off later on.

hope that helps.

u didnt read the discussion well.... ur reply is out of topic....

[hanz079]

hanz... you just disclosed our secret in our watch collecting hobby... hoping 'other half' did not visit this thread... or else... need to find reason to explain again!

My apologies... I thought I was the only one using these shitty techniques... 

as for me,as long as i reach my next goal of purchasing another watch ,even if the price i let go is cheap,but its ok.better something than nothing haha

Ain't it good if I am as "Tai Fong" as you are bro...