Flipping watches

[101031-28]

Originally Posted by tmo8320

So many words...

I see the watch.
I buy my watch.
I wear my watch.

End of story.
There is no part IV

Second this 100%
I don't buy watches with the intent to resell for a profit. I buy what I like, wear it and keep it indefinitely.

[Finslayer83]

I'd buy a white Daytona C for $500 over MSRP today.

And wear the hell out of it.

[clb521]

Originally Posted by Robbyman

I think you are on the wrong forum. Does the bay, not have anywhere you can frequent?

I have been to plenty of ADs and for the most part my collection is fairly complete.

The reaction of people thinking a person is evil or bad for making a couple of bucks is exactly what I expected to hear. I dont get it but everyone is allowed their opinion.

Its not something i am planning on doing ever.

I wonder if these same people shop with the TSs or only thru ADs.

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[bd307]

This is where Rolex should be doing SOMETHING to stop flippers. I support free market.

I am pretty sure some of these ADs are selling to these flippers and I don't blame these ADs because they find loopholes in the system to make their profits.

It is Rolex or whoever controlling this should start doing something.

This kind of sht happens on all high end products including sport cars.

[J!m]

I don't play in this field (too poor) but if I could get something "desirable" that I myself didn't desire, I think using an auction site (or house) with the starting bid being what you have into it (plus listing fees etc.) and let it go where it goes.

That is really the most fair way to maximize your "profit" without taking advantage of anyone- the bids will only go as high as the winner is willing to pay. Win-win.

Hypothetically speaking of course...

[Bigblu10]

Originally Posted by clb521

1st off. Yes I do like watches. Like I said I am not a flipper and I don't think i would want to start.

I knew this thread would generate some hatred.

Most of you are seeing this as "if i sell something for profit, therefore i am a bad person or bad for the hobby."

What I am saying if I am able to get a watch which I know someone here on the forum may want. What is the harm of getting it for them? Is the making a small and I do mean small profit the whole problem for most of you?

Keep in mind if at the end of the day all I would make on helping someone out is $300 or $400 for my time I have better ways of doing so. Its not like I am making a killing on the sale.

The small amount of money made is only helping to compensate for the time used to purchase the watch, hold on to it for a certain time period and then sell it for a few bucks more than what i paid to someone that wants the watch.

If you look at the price I used in the 1st post of this thread. The TS selling is only making about $600 on his sale. He is making his money in volume since he is a dealer who probably has alot of money invested in inventory at any one point. I would not even consider that.

I admire anyone will to purchase something decide he doesnt like it and then sell it for no profit. Most people in this world dont think like that.

Buying and trading things in other hobbys is very common. Why is it looked down on by so many on this forum?

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Because we see several threads just like yours EVERY DAY here lately and it really gets old. Simple.

[droptopman]

Bought and sold many Rolex over the years. At one point most would have described me as a "flipper" but this was back when that was not necessarily a negative term. I always bought the watches with the intent on keeping them as part of a collection. But over the years the collection and watches change as my tastes change. I think the big difference here is the initial motivation to purchase the watch. As in I was not purchasing a model knowing I would only resell it for a profit. I was purchasing because I thought I would keep and wear it.

Selling is a hassle IMO.

[ttomczak]

Originally Posted by droptopman

Bought and sold many Rolex over the years. At one point most would have described me as a "flipper" but this was back when that was not necessarily a negative term. I always bought the watches with the intent on keeping them as part of a collection. But over the years the collection and watches change as my tastes change. I think the big difference here is the initial motivation to purchase the watch. As in I was not purchasing a model knowing I would only resell it for a profit. I was purchasing because I thought I would keep and wear it.

Selling is a hassle IMO.

I second this, sometimes the ones that initially sing to you don’t after a while...

Technically I have had most every SS model and some more than once, but never with the intent to profit, and I was a definitely a flipper before it became a negative term.

[clb521]

Originally Posted by Bigblu10

Because we see several threads just like yours EVERY DAY here lately and it really gets old. Simple.

What topic on this forum hasnt been discussed ALL THE TIME?

This is a forum about watches. What else can you possibly talk about that hasnt been discussed before?

Is this forum only good for incoming threads and wrist shots?



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[J!m]

I have seen others in here mention what they found where and let others make the purchase for themselves.

No hassles and doing a good deed perhaps.

[MTBer]

I think it’s a bit funny how some think buying with the intention of flipping for profit is bad, yet feel it’s perfectly fine to maximize profit selling a watch that “didn’t sing to them” or whatever...nevermind that both scenarios net the exact same result upon the market.

In other words, the only difference is rationalizing a way to a clean conscience. Probably easier for me to judge though since I’ve never sold a watch and never intend to.

[sechsgang]

honestly, at the end of the day...this would be a nicer practice than what grey dealers do, and Id be FINE with it. Imagine someone getting a new white dial daytona ceramic, then saying ok...Ill sell it to you for 15k...a full 3000 off of what a grey dealer would buy it for and about 5k less than a grey dealer would try and sell it for. Even as the secondary owner you'd be ahead of the game, and got a watch you couldn't get. The first guy gets a little money as a bonus, and has helped out someone get a watch at a price that he couldn't get. I'm not opposed to that at all overall.

[RickR]

It's interesting to me how the majority are down on a private individual selling a watch at gray market prices, but are all in and fine with a TS selling a watch for the same markup or even more. When a TS sells a new SS Pepsi for 23K, people say words like 'capitalism' and 'more power to him' but when an individual does it then it suddenly becomes unethical. Sorry, I just don't understand that mindset.

[clb521]

Originally Posted by RickR

It's interesting to me how the majority are down on a private individual selling a watch at gray market prices, but are all in and fine with a TS selling a watch for the same markup or even more. When a TS sells a new SS Pepsi for 23K, people say words like 'capitalism' and 'more power to him' but when an individual does it then it suddenly becomes unethical. Sorry, I just don't understand that mindset.

This was my point earlier. TS are only doing it at a higher volume.

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