Is it flipping or just smart?

[Jasb]

If you get offered a GMT and it’s not what you want, is it flipping to buy it and trade it for the one you’re after?

[brandrea]

Short answer, yes

[jgottsman11]

It's personal question, but i personally would buy a GMT or Daytona if offered and flip it before i even leave the store

[Gearjockey]

Originally Posted by Jasb

If you get offered a GMT and it’s not what you want, is it flipping to buy it and trade it for the one you’re after?

Not in my opinion, no.

You’re not buying to sell (with intent) at profit.

If someone is buying back-door from AD and selling, that is far more vexing.

[amphr1]

That's just being smart imho

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[klenboy]

Both!

[S’portEye]

Who cares? It’s your money.

[996marty]

Yes and no

[Mr Ben]

Originally Posted by 996marty

Yes and no

But perhaps a little more yes than no!

[jb335]

I don’t think so.

Imo, flipping is only when you buy something for the purpose of immediately selling for a profit with no desire to own the watch .


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[slide13]

I would not consider that flipping. The whole Rolex game kinda sucks these days....do what you gotta do to get what you want. Hopefully one of these days things will go back to normal.

[daysky1]

Originally Posted by Jasb

If you get offered a GMT and it’s not what you want, is it flipping to buy it and trade it for the one you’re after?

"Flipping a watch" refers to the practice of buying a watch with the primary intention of quickly reselling it for a profit.
Key aspects:
Profit motive:
The focus is on making money through the purchase and resale, rather than personal enjoyment or long-term collecting.
Short-term strategy:
Flippers typically aim to buy and sell watches within a relatively short timeframe to capitalize on market fluctuations or high demand.
Market dynamics:
Flipping often involves taking advantage of limited edition releases, pre-owned market opportunities, or perceived value discrepancies.
Potential controversy:
While some see flipping as a legitimate business strategy, others within the watch community view it negatively, associating it with exploiting the market or diminishing the value of collectible pieces.

[Calatrava r]

Its why there are lots of newish used Rolex watches on the secondary markets. If it gets you to where you want to be, it is most likely smart.

[RyanJ]

Enjoy your new watch!

[KatGirl]

Originally Posted by Calatrava r

Its why there are lots of newish used Rolex watches on the secondary markets. If it gets you to where you want to be, it is most likely smart.

It may be smart, but is it the right thing to do, if you are philosophically opposed to flipping? I couldn’t do it.

Kat


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[Tim Plains]

I can see an AD blacklisting someone if they ever found out, if you don't care about that, go for it.

[0nly5iv3Digits]

Who cares

[Bozzie1982]

If you don't do it someone else will unfortunately..... Same with any other in demand product.

[123Blueface]

I think key is does selling it generate a profit, regardless of trade?

[ikincooper]

Originally Posted by jb335

I don’t think so.

Imo, flipping is only when you buy something for the purpose of immediately selling for a profit with no desire to own the watch .


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I think that what the OP is suggesting to do, would fit perfectly into your flipping definition.

He then wants to use the flipping proceeds to buy a different watch but that’s subsequent to being a flipper, in my view


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[omar-rye]

Ask your AD, and I bet he’ll consider it flipping and cancel the allocation.

[S.Explorer]

Yes as I doubt you'd buy it if it was trading at less than AD retail price in the resale market. But... I understand, e.g. if you wanted to trade say a BLNR for a BLRO.

[Jasb]

Originally Posted by omar-rye

Ask your AD, and I bet he’ll consider it flipping and cancel the allocation.

Haha probably not! I’m just spit balling, but I was offered a sprite and have no use for it as I’m right handed so turned it down. Been sitting in the BLNR waiting room for a year. Thought if it came up again I should just buy it and trade for one.

[jb335]

Originally Posted by ikincooper

I think that what the OP is suggesting to do, would fit perfectly into your flipping definition.

He then wants to use the flipping proceeds to buy a different watch but that’s subsequent to being a flipper, in my view


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lol, I realized that right after I wrote that. Good point. Are you an attorney?

I still don’t consider OP a flipper, but I agree he would be one under that definition I wrote.


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[ikincooper]

Originally Posted by jb335

lol, I realized that right after I wrote that. Good point. Are you an attorney?

I still don’t consider OP a flipper, but I agree he would be one under that definition I wrote.


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Haha, not an attorney no. I understand your point of view too


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[garyk]

After years of waiting, on July 26 my SA called with the BLNR on Jubilee. Since I had no advance warning, I bought a Breitling GMT on June 11, just 3 weeks earlier. Keeping both, no way I'm flipping anything!

[L8r]

Originally Posted by omar-rye

Ask your AD, and I bet he’ll consider it flipping and cancel the allocation.

This

[RyanJ]

Why does it matter if it is flipping? Your watch, your money..

[kopi-c]

Originally Posted by Jasb

If you get offered a GMT and it’s not what you want, is it flipping to buy it and trade it for the one you’re after?

Then do not buy it, very simple. The GMT could go to somebody else who could wear/enjoy the watch.

[garyk]

The AD just today told me ROLEX likes to record and keep track of every purchase. I'll bet they know when somethings been flipped!! Not sure why that would matter but I think it does??