How much money have you lost flipping watches?

[rusminag]

Just wondering how expensive(or profitable) flipping watches?

Mod. Please remove if not suitable.

[hanz079]

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

[G.MAC]

Lost a fair amount of moolah. What to do? To not lose money at all, the watch has to be kept for a certain length of time but flipping is more often than not within a few months or weeks from the purchase. Process is made worse if we happen to buy the 'less desirable' or less popular variant or model and want to flip.

[compaq]

Most of these reflects on the market demands also. If the particular watch is in demand,then may not loose much. Also, most watches increase in price annually 6-13%,so if you have it for a long time and the particular watch is still selling,than chances are you don't have to loose much. But being buyers,they will value according to the year you bought and squeeze you from there. 
 
Well,at the end of it,its 'Willing Seller, Willing Buyer' ... 

[David_cheong]

Sometimes you lose and sometimes you win...

In the early days, I am at the losing end and as I go along the way..with foresight and experiences and have managed be on the positive end.

Nowadays, I have slowed down on watch flipping and concentrate only on what I wanted to wear and keep..


dc

[rusminag]

Maybe the next poll is 'How long do you keep your watches before flipping?'

[shamtv2555]

surely loss aahahahah

[Octo]

none yet coz I'm still keeping it n most likely pass to my kids when they're older in other words ..total loss

[TheHobbit]

Like David said, sometimes you lose, sometime you make. Strangely I have not lost any money flipping my Casio G-Shocks. As for the rest of the watches, some I traded and some I sold outright. Those that I trade, so far I lost about RM1K (that is like in 20 watches), but you need to negotiate with the seller that he cannot sell you at the selling price as he will make from your watches as well. So at the end win win for both sides.

However, you tend to take a big hit on lesser known brands. For those brand, better to sell outright.

[khanwooi]

too many watches, is kinda headache,
for me, just keep the 4 types for different occasion or event will do. not need much.
1 for formal wear, 1 for casual wear/ parties, 1 for sport, 1 for travel, rough , tough event.

if there is more extra, maybe can sell off, or keep it in the drawer some where else, as a hide and seek for your grandchild.

i believe if they found it they more appreciate it, is better then we give them, they wont appreciate, heheh

[gloomis]

depends on how long u keep ur watch. if long enuf and the new watch keep increasing, u wont make lost but also wont hav profit. Another reason is u must stand firm on ur price and not desparate to let go. if not sure lost alot

[siodee]

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

Thanks Bro, that mean I am one of the beneficial 

But I was surprisingly to see the survey shown people made lost more than 10k categories rank nombor 1. If so, why some of the members still flipping with such a huge lost?? Shouldn't be just keeping for collections, just wonder

[The Godzilla]

I flip not because I want to get a profit but instead to get some cash to fund other watches, so as long as the losses is not that big, I am willing to flip 

[hanz079]

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

Thanks Bro, that mean I am one of the beneficial 

But I was surprisingly to see the survey shown people made lost more than 10k categories rank nombor 1. If so, why some of the members still flipping with such a huge lost?? Shouldn't be just keeping for collections, just wonder

At 1st I thought about flipping and losing money and maybe it is better to keep as collection.
But in the end, better let someone enjoy it at a better price and get it over with.
You only have 2 wrists and can only wear 1 watch at a time... even at rotation, there is only so many you can wear...

[Watchnewby]

I flip not because I want to get a profit but instead to get some cash to fund other watches, so as long as the losses is not that big, I am willing to flip 

My kind of style.   

[meoramri]

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

[siodee]

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

Thanks Bro, that mean I am one of the beneficial 

But I was surprisingly to see the survey shown people made lost more than 10k categories rank nombor 1. If so, why some of the members still flipping with such a huge lost?? Shouldn't be just keeping for collections, just wonder

At 1st I thought about flipping and losing money and maybe it is better to keep as collection.
But in the end, better let someone enjoy it at a better price and get it over with.
You only have 2 wrists and can only wear 1 watch at a time... even at rotation, there is only so many you can wear...

So Bro, you stop acquisition already???

[hanz079]

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

Thanks Bro, that mean I am one of the beneficial 

But I was surprisingly to see the survey shown people made lost more than 10k categories rank nombor 1. If so, why some of the members still flipping with such a huge lost?? Shouldn't be just keeping for collections, just wonder

At 1st I thought about flipping and losing money and maybe it is better to keep as collection.
But in the end, better let someone enjoy it at a better price and get it over with.
You only have 2 wrists and can only wear 1 watch at a time... even at rotation, there is only so many you can wear...

So Bro, you stop acquisition already???

Not yet... but currently on a one in one out policy...
If a new watch comes in, one old one have to go...
And, one thing about this policy is, the "out" doesn't have to mean sell... can be just giving it to my dad, wife etc... hehehe

[Watchnewby]

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

Me too. Once in, none out.
Unless give it away to relatives or friends or when desperate for funds for other issues.

[khanwooi]

I flip not because I want to get a profit but instead to get some cash to fund other watches, so as long as the losses is not that big, I am willing to flip 

My kind of style.   

but the problem is how many you willing to loss? if 10% or 20% i think is still reasonable.

one thing wanna share with you all, did anyone of your wife saw you keep flip, changing watch,, they give you a sign,, "when you going to flip and change your wife" ?
crazy..

[ex660]

I flip not because I want to get a profit but instead to get some cash to fund other watches, so as long as the losses is not that big, I am willing to flip 

My kind of style.   

but the problem is how many you willing to loss? if 10% or 20% i think is still reasonable.

one thing wanna share with you all, did anyone of your wife saw you keep flip, changing watch,, they give you a sign,, "when you going to flip and change your wife" ?
crazy..

i bought an Oris for awhile...
then i sold it off to fund for the other watch i like .. BR..
jus 8mnths.. have to sell it off at almost 40% lost... dats reallli pain ..
now unless realli need $$.. else i'll keep for now..

price keep on increase for swiss watches too..
BR increased almost 10%+ for 2011 itself..

[siodee]

Bro Hanz, good strategic 

My wife asked the same question when I flipped, I told her cause u limit my collections ma, otherwise, I would keep all of them, just like I only love you for life, then she said, if don't limit, you will keep adding more girlfriends, that is even worse, then I 

[compaq]

Bro Hanz, good strategic 

My wife asked the same question when I flipped, I told her cause u limit my collections ma, otherwise, I would keep all of them, just like I only love you for life, then she said, if don't limit, you will keep adding more girlfriends, that is even worse, then I 

Referring to a quote:
I was once told by Mrs.Yee,(Hing's watch) men does not usually spend on jewellery like earings, gold, diamond, hangbags, clothes, shoes etc...like the ladies. So instead, have a nice watch to reward yourself after some hard work especially when you meet business associated or go visit your 'future-mother-in-law' or GF..at least you have something to show.

[ex660]

Bro Hanz, good strategic 

My wife asked the same question when I flipped, I told her cause u limit my collections ma, otherwise, I would keep all of them, just like I only love you for life, then she said, if don't limit, you will keep adding more girlfriends, that is even worse, then I 

Referring to a quote:
I was once told by Mrs.Yee,(Hing's watch) men does not usually spend on jewellery like earings, gold, diamond, hangbags, clothes, shoes etc...like the ladies. So instead, have a nice watch to reward yourself after some hard work especially when you meet business associated or go visit your 'future-mother-in-law' or GF..at least you have something to show.

spot on!.. very right in every way ..
but .. wat is the cina mother&father in law tarak tao apa branded watches.. den got problem lo .. lool 
unless.. ROLEX la.. every1 knows its expensive watch..

[khanwooi]

Bro Hanz, good strategic 

My wife asked the same question when I flipped, I told her cause u limit my collections ma, otherwise, I would keep all of them, just like I only love you for life, then she said, if don't limit, you will keep adding more girlfriends, that is even worse, then I 

Referring to a quote:
I was once told by Mrs.Yee,(Hing's watch) men does not usually spend on jewellery like earings, gold, diamond, hangbags, clothes, shoes etc...like the ladies. So instead, have a nice watch to reward yourself after some hard work especially when you meet business associated or go visit your 'future-mother-in-law' or GF..at least you have something to show.

spot on!.. very right in every way ..
but .. wat is the cina mother&father in law tarak tao apa branded watches.. den got problem lo .. lool 
unless.. ROLEX la.. every1 knows its expensive watch..

not necessary must ROLEX,,
as long it GOLD color and it can shine shine will do and enough.
hahaha