Author Topic: How much money have you lost flipping watches? (Read 21647 times)

effendy131 · « **Reply #25 on:** October 26, 2015, 07:19:58 PM »

If buying rolex steel sport model, I am sure will not lost much money, instead even earning money sometimes if you buy low

hidden830726 · « **Reply #26 on:** October 26, 2015, 08:26:39 PM »

Quote from: hanz079 on November 04, 2011, 10:54:33 AM

Easily lost 10k... not profitable...
But as long as those ppl that buy from me had a good deal... it's all good.

Its a "flip" circle, you lost while flipping, but you gain when you buy pre-owned watch.... so... it's all good.

Timeless · « **Reply #27 on:** October 26, 2015, 08:34:29 PM »

Very much depends on the model whether is demanding in the market

joshua95 · « **Reply #28 on:** November 02, 2015, 05:03:55 AM »

watches should never be treated mainly as an investment. Once you've decided that you're willing to spend that amount of money on an iwc/rolex etc, the mindset of retaining a 'solid' investment is wildly incorrect. You should be happy to spend that kind of money because you appreciate the trait and the skill that goes behind what you wear on your wrist. Sure some watches retains very good value like a patek or rolex but again it's the trait you're paying for not the 'return'.

theseira · « **Reply #29 on:** November 02, 2015, 01:40:11 PM »

Personally have not lost money yet.

You can make money if you buy at the right price but it is very hard to do.

It is very important to buy at the right price. Also need to consider the demand.

Also to be ahead you can't be paying retail and when you flip to profit mostly you have to do private sale.

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beaujarle · « **Reply #30 on:** November 05, 2015, 06:58:47 PM »

I consider the loss as a 'rental fee' that I pay to wear the watch..so that I won't feel so bad

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nikfs1881 · « **Reply #31 on:** November 05, 2015, 10:09:29 PM »

I have not lost money either..... Probably because i never sell any of my watches.....some watches that don't get any wrist time went to my father, father in law and brothers....

.... Wait, that's 100% loss right? Hahahaa

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chrisyen · « **Reply #32 on:** November 17, 2015, 08:43:42 AM »

if you buy a watch for rm30,000 rolex
wear it for 5 years

sold it at rm25,000

are you loosing rm5,000 ?

or you spent RM5,000 to wear a rolex watch for 5 years?
in this 5 years, you get to feel a good watch, you get praised, recognised....

so thats not a loss.

beaujarle · « **Reply #33 on:** November 17, 2015, 12:42:43 PM »

Quote from: chrisyen on November 17, 2015, 08:43:42 AM

or you spent RM5,000 to wear a rolex watch for 5 years?
in this 5 years, you get to feel a good watch, you get praised, recognised....

so thats not a loss.

Agreed...and you have a base capital to buy the next watch.

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myric · « **Reply #34 on:** November 18, 2015, 08:32:34 PM »

Quote from: chrisyen on November 17, 2015, 08:43:42 AM

if you buy a watch for rm30,000 rolex
wear it for 5 years

sold it at rm25,000

are you loosing rm5,000 ?

or you spent RM5,000 to wear a rolex watch for 5 years?
in this 5 years, you get to feel a good watch, you get praised, recognised....

so thats not a loss.

Another angle of it, interesting and making sense.

adamjohari · « **Reply #35 on:** November 21, 2015, 02:35:24 AM »

As some of you may know, i was going to buy a JLC but couldnt find one and bought a Rolex. Now a JLC that I like has popped up and now will be the time to sell my watch. But will I lose money flipping the watch? If I do, then I'll just hold on to the watch and be happy. Taking out the emotion helps you save money while flipping. Don't be too eager or desperate. Viewing the watch as an investment only helps you save money when flipping.

A sound advice I got from an investment person: you can be a collector or a dealer, but you can't be both.

CKL1213 · « **Reply #36 on:** November 21, 2015, 06:31:32 AM »

Quote from: chrisyen on November 17, 2015, 08:43:42 AM

if you buy a watch for rm30,000 rolex
wear it for 5 years

sold it at rm25,000

are you loosing rm5,000 ?

or you spent RM5,000 to wear a rolex watch for 5 years?
in this 5 years, you get to feel a good watch, you get praised, recognised....

so thats not a loss.

I will show this post to my wife

Top2 · « **Reply #37 on:** November 21, 2015, 11:15:27 AM »

sometimes lost and sometimes win,even the professional watch collector also having same problem.

Jefferyngohcs · « **Reply #38 on:** November 23, 2015, 12:22:31 AM »

Depend.....but all not dealing more than 10k

pez · « **Reply #39 on:** December 01, 2015, 10:50:17 AM »

One question, when you flip, do you sell it here (post in the forum) or you have other sources? go to pre-owned shops?

kopykopy · « **Reply #40 on:** December 01, 2015, 11:25:38 AM »

Quote from: pez on December 01, 2015, 10:50:17 AM

One question, when you flip, do you sell it here (post in the forum) or you have other sources? go to pre-owned shops?

There's pros and cons. Pre-own shop = virtually immediate sale + security is better but cheaper sale price. Private sale = maybe higher sale price but less security dealing with unknown person and dealing in the open and also all the trouble to meet up but buyer change his mind.

reventon · « **Reply #41 on:** December 21, 2015, 04:59:23 PM »

If wanna keep for minimal loss / break even / profit i think one usually need to aim for their classic model and rolex is always the best / easiest to pre owned market like Sub / GMT / YM etc.

yusszzxx · « **Reply #42 on:** January 07, 2016, 12:03:27 PM »

Quote from: meoramri on November 10, 2011, 06:26:21 AM

Once a watch drops into my palm, it never leaves the realm - my "sickness" won't allow it -

Yes, keep it like your treasure., pass it to your love one..

smackzeen · « **Reply #43 on:** January 07, 2016, 03:33:45 PM »

lost 8k flipping my Ball Skylab 2

dennis.T · « **Reply #44 on:** January 10, 2016, 07:13:05 PM »

Quote from: smackzeen on January 07, 2016, 03:33:45 PM

lost 8k flipping my Ball Skylab 2

That a lot for ball watches..

smackzeen · « **Reply #45 on:** January 12, 2016, 07:49:21 PM »

Bought for 13k..only managed to sell it off for 5k

Cocas · « **Reply #46 on:** June 11, 2016, 03:47:30 PM »

I have not yet flipped any single watch before so i could not comment much. But if i really do flip my existing entire collection in exchange of a luxurious piece, i will lose RM15k to 18k easily.

elado249 · « **Reply #47 on:** June 11, 2016, 05:24:26 PM »

I am also planning to sell my watches to fund another watch. But deep down really don't want to let go any one of it. 8 watches does not have enough time on my wrist. If selling, sure will loss significant amount. Dunno what to do now haha

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asimo · « **Reply #48 on:** June 11, 2016, 06:05:04 PM »

i think panerai base models hold values pretty good too ... just like some rolex sports models

adamjohari · « **Reply #49 on:** June 12, 2016, 09:01:25 AM »

I think people should understand that watches in general are BAD INVESTMENTS. Yeah you could probably earn a buck or two, but even then it won't be as simple as you think. If you have holding power, that would make it easier to do so. But say you buy a nice watch, and then you decide you want to sell it for another nice watch. In the desperation to get the watch that you want (cause someone else might buy it) you might end up selling below market. Not good.

Have holding power. If I don't have the means to buy the next watch without selling my current watch, I won't buy the next watch. Don't sell in desperation.

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How much money have you lost flipping watches?

Author Topic: How much money have you lost flipping watches? (Read 21647 times)