Why I unloaded a bunch of Rolex

[inadeje]

Originally Posted by Swaye

The collection is looking fantastic buddy! You know I did the same thing last year (sold a dozen Rolex over the year) because of the exact same reason - bloated collection, acquiring just to acquire, no wrist time, etc. I know exactly what you were going for here because I did it. I got two FPJ's and another Jumbo out of the deal, and feel my new, much smaller collection is much more diversified, wearable, and fun. I am glad you did it, glad you held onto the Omega, and think your collection is in a great spot!

I should add I think my Hulk is leaving in the next couple of months. A very good friend, who wants his first proper watch, has asked me if I would sell it to him. What a killer first watch for him. Winnowing down is sometimes a very good thing.

I’ve always admired your collection as you know. One watch that you have that I will acquire at one point is the GMT 16753 Root Beer, that variant speaks to me for some reason.

[Swaye]

Originally Posted by inadeje

I’ve always admired your collection as you know. One watch that you have that I will acquire at one point is the GMT 16753 Root Beer, that variant speaks to me for some reason.

It’s my favorite watch. Honestly. Took me 2 years to find it just like I wanted it. Worth the wait.

[the_natural]

Logical, thoughtful move. Great work.

Some days I wish I was a collector, but it does nothing for me. I just need one: a BLRO or a black dial Daytona, when I eventually get the call from my AD, I'll be set.

[inadeje]

Originally Posted by Swaye

It’s my favorite watch. Honestly. Took me 2 years to find it just like I wanted it. Worth the wait.

You’ve rekindled my interest. I’ll keep you posted

[myusernamez]

People here act as if it's against some religion to stell a Rolex but taste change/ Besides changing taste people want to upgrade in life and not status quo so selling a Rolex to buy a Patek is a nice upgrade.

[Swaye]

Originally Posted by inadeje

You’ve rekindled my interest. I’ll keep you posted

Motivation.

[Oystersteel92]

There is such a thing as too many watches, because unless you're Flava Flav, you can't wear them all at once.

While I acknowledge their artistry, I think most Patek's are ugly watches. However, I looked up your reference and that one is a real looker. I could see myself wearing that one.

[Vince KSA]

Great post and I thoroughly enjoyed reading all of it. Our tastes undoubtedly change and you, we, have ever right to move on a watch that just doesn't get the wrist time it might get with a new owner whilst freeing up funds at the same time.

I think the reason we don't see any "Outgoing" posts is I suppose, the fear of the ridicule of some of the old school on here of just being accused of being a flipper and adding to the inflated prices.

Whereas in reality most of us love this hobby and collecting watches but see a new model or learn about a different brand and do what's necessary to achieve it.

I'll be the first to congratulate an 'outgoing' poster in order to trade up to a better watch, or even if he's just hit hard times.

Speculators, that's a different matter.

[inadeje]

Originally Posted by Swaye

Motivation.

Those photos just increased the desire thats a beautiful example BTW

[Vince KSA]

I know Swaye very well indeed and when he says that Rootbeer/Clint Eastwood is his favourite watch, he is being deadly serious.

Coming from a man who has got some serious FP Journe's in his collection and chose to move on his Day Date Ice Blue Platinum with Diamond baguettes and keep his Rootbeer, that is one hell of a compliment for his vintage GMT.

Then again Mark is a one off who doesn't care what everyone else thinks and is a true WIS and fantastic watch nerd.

Originally Posted by Swaye

Motivation.

[kohuti02]

I was lucky I bought it at rock bottom, 4 years ago..

IMG_0208.jpg

[zewill]

Originally Posted by johnorpheus

Watches aren't a movable asset to me. It'd be like selling my coats or suits, or my books. Just feels weird to me. Maybe I'll change my tune after a few years.

But good for you for getting want you want. That's what it's all about in the end.

I don't see you selling your old suits for profit. Either they are crap quality and you will get nothing, or they are bespoke and again, the odds of finding a buyer are limited and no one will pay good money for a second hand bespoke when part of the fun is the tailor ping experience.

[inadeje]

Originally Posted by kohuti02

I was lucky I bought it at rock bottom, 4 years ago..

Attachment 1126618

It’s such an amazing piece in my view. Those “ears” and chrono buttons, plus the slightly larger size, make it one of the only Patek I fell in love with (besides the anniversary +300k piece). If it isn’t indiscreet, would you mind saying what rock bottom was back then?

[Ichiran]

Originally Posted by inadeje

The stick dial is above and here is the PP

Congrats OP! This is my dream watch!

[inadeje]

Originally Posted by Ichiran

Congrats OP! This is my dream watch!

[Hibbyx]

That was a amazing collection, do you still have any Rolex?


Sent from my iPad using Tapatalk

[inadeje]

Originally Posted by Hibbyx

That was a amazing collection, do you still have any Rolex?


Sent from my iPad using Tapatalk

Yes, quite a few. See my signature

[Swaye]

Originally Posted by Vince KSA

Great post and I thoroughly enjoyed reading all of it. Our tastes undoubtedly change and you, we, have ever right to move on a watch that just doesn't get the wrist time it might get with a new owner whilst freeing up funds at the same time.

I think the reason we don't see any "Outgoing" posts is I suppose, the fear of the ridicule of some of the old school on here of just being accused of being a flipper and adding to the inflated prices.

Whereas in reality most of us love this hobby and collecting watches but see a new model or learn about a different brand and do what's necessary to achieve it.

I'll be the first to congratulate an 'outgoing' poster in order to trade up to a better watch, or even if he's just hit hard times.

Speculators, that's a different matter.

Well said!

[Swaye]

Originally Posted by inadeje

Those photos just increased the desire thats a beautiful example BTW

Thanks buddy. My evil plan to populate the world with 16753s is coming together nicely!

[Swaye]

Originally Posted by Vince KSA

I know Swaye very well indeed and when he says that Rootbeer/Clint Eastwood is his favourite watch, he is being deadly serious.

Coming from a man who has got some serious FP Journe's in his collection and chose to move on his Day Date Ice Blue Platinum with Diamond baguettes and keep his Rootbeer, that is one hell of a compliment for his vintage GMT.

Then again Mark is a one off who doesn't care what everyone else thinks and is a true WIS and fantastic watch nerd.

Thanks my very good friend! You have some killer watches in your collection as well I might add, and if I had to guess the Smurf is your favorite. Or maybe the PAM 932. Or is it the 116508?

You get a Devon one day and you will be far away the model for marching to the beat of your own drummer my friend! But keeping looking at the Pateks in the meantime....

[WCHROLX]

Quite interesting story.

[Jetblack57]

When I've sold my Rolexes in the past there was no sadness, as the chase to own one was always more thrilling than any sentimental disappointment of selling.

[crowatch]

good timing
I went all money market in all of my investments in December
Rolex are not rate and dime a dozen, i'm sure you can replace them in future (and probably for less).

[AlexFrank]

Thanks for sharing your story, very insightful.
Would love to see your new pics

[gabbysplace]

Agree with others. Less is more. I recently slimmed down my collection and am glad I did. I've kept the pieces I really love and whenever I open up the watch roll I'm filled with joy and not being overwhelmed by having too much on my hands. With some watches, I really dread letting them go, but once they're gone I remember them fondly and don't really ever regret it. But we all have our own collecting philosophy, so whatever makes you happy I suppose!

[gordonite]

Originally Posted by cubfan

Obviously, it was a well timed sale. I think in the next few months all luxury items especially cars, wines, watches and guns will fall in value. People have a lot of money tied up in toys that can probably be better deployed elsewhere.

Fully Agree

[soxfan39]

Great post OP. Would love to see the breakdown of each watch you sold to know the profitability ratio of the $20k.

[007_Omega]

Yeah, seriously no point in having a bloated collection unless you truly want to categorize yourself as a collector.

I have 3 watches: GMT, Milgauss, and a G-Shock. The GMT is my favorite and the G-Shock is my workout beater.

The next watch I want is either a GS or a Day-Date 36mm Yellow Gold. Not really desperate to get another watch. At this point in my life, having 2 Rolex is beyond a blessing.

If I do add to my collection eventually, I'll evaluate my collection. If I find myself not wearing a watch, then I'm putting it on the chopping block. I've considered unloading the Milgauss but it's such a unique piece it's hard to part with and on top of that this is not the time to sell. That watch will bubble in time and I don't need the cash right now so I'll hold it. In fact, this post is making me really want to wear it again so it'll be going on my wrist for the next couple of weeks.

Trust me, you appreciate what you have so much more with a smaller collection. Once your collection starts getting out of hand, you've really turned into an addictive purchaser rather than simply a watch lover. The habit is in every hobby out there.

[yoniman]

I'd sell my girlfriend.

Oh, wait I don't have girlfriend...


It's just all about health, happiness & family. The rest are just necessary inconvenience we have to deal with.

[inadeje]

Originally Posted by 007_Omega

Yeah, seriously no point in having a bloated collection unless you truly want to categorize yourself as a collector.

I have 3 watches: GMT, Milgauss, and a G-Shock. The GMT is my favorite and the G-Shock is my workout beater.

The next watch I want is either a GS or a Day-Date 36mm Yellow Gold. Not really desperate to get another watch. At this point in my life, having 2 Rolex is beyond a blessing.

If I do add to my collection eventually, I'll evaluate my collection. If I find myself not wearing a watch, then I'm putting it on the chopping block. I've considered unloading the Milgauss but it's such a unique piece it's hard to part with and on top of that this is not the time to sell. That watch will bubble in time and I don't need the cash right now so I'll hold it. In fact, this post is making me really want to wear it again so it'll be going on my wrist for the next couple of weeks.

Trust me, you appreciate what you have so much more with a smaller collection. Once your collection starts getting out of hand, you've really turned into an addictive purchaser rather than simply a watch lover. The habit is in every hobby out there.

I have a GShock gym beater too

I agree that a smaller more rounded collection has helped me a lot. I still have a few (Panerai) to go but, they're in the doghouse price wise so I will wait