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Santiago32 · 10 May 2022, 03:48 AM

Those of you that bought at the high in the gray market. Are you considering selling now and rebuying later?

I bought a pepsi in Jan... It crossed my mind to try this. but I like the watch too much and the risk is it'll be higher later than my cost now.

Parapraxis · 10 May 2022, 03:50 AM

Never try to time the market

s7horton · 10 May 2022, 08:28 PM

Quote:

Originally Posted by Parapraxis

Never try to time the market

Agreed.

I sold a hulk 3 weeks before it was discontinued, and then I sold a Smurf 3 weeks before it was discontinued.

I’m the epitome of “never try to time the market”. It’s a watch to be worn, that’s all it will ever be for me.

Chris · 10 May 2022, 08:34 PM

Quote:

Originally Posted by s7horton

Agreed.

I sold a hulk 3 weeks before it was discontinued, and then I sold a Smurf 3 weeks before it was discontinued.

I’m the epitome of “never try to time the market”. It’s a watch to be worn, that’s all it will ever be for me.

Let me know when you're selling your next rolex so i know what to buy before it gets discontinued!!

rolex16 · 10 May 2022, 03:51 AM

Quote:

Originally Posted by Santiago32

Those of you that bought at the high in the gray market. Are you considering selling now and rebuying later?

I bought a pepsi in Jan... It crossed my mind to try this. but I like the watch too much and the risk is it'll be higher later than my cost now.

Already beaten to death here: https://www.rolexforums.com/showthread.php?t=852911

beshannon · 10 May 2022, 04:06 AM

Quote:

Originally Posted by Santiago32

Those of you that bought at the high in the gray market. Are you considering selling now and rebuying later?

I bought a pepsi in Jan... It crossed my mind to try this. but I like the watch too much and the risk is it'll be higher later than my cost now.

Buy two or three more and dollar cost average down

GB-man · 10 May 2022, 05:26 AM

Quote:

Originally Posted by beshannon

Buy two or three more and dollar cost average down

Genius

brandrea · 10 May 2022, 09:47 PM

Quote:

Originally Posted by beshannon

Buy two or three more and dollar cost average down

watchwatcher · 10 May 2022, 11:21 PM

Quote:

Originally Posted by beshannon

Buy two or three more and dollar cost average down

Now we're talking.

wetsum3 · 10 May 2022, 04:09 AM

DCAing is always the best way to go. Haha

DonLee · 10 May 2022, 10:24 PM

Quote:

Originally Posted by wetsum3

DCAing is always the best way to go. Haha

watchmework · 10 May 2022, 04:24 AM

If you like the Pepsi I would just hold onto it, even if you see the listing prices dropping that probably means any grey dealer is going to give you a lowball offer and it isn’t worth it in the long run….don’t worry about the market, just enjoy wearing it and creating memories.

Zuger · 10 May 2022, 04:32 AM

I could but I become too attached to my watches once I’ve owned them for a while.

Little machines · 10 May 2022, 04:49 AM

Enjoy the watches you purchase . Wear them use them and hold on to those great time pieces. When you need to sell ,trade or buy do that on your time. Don't stress and pay attention to the market enjoy your watches .

Cambo · 10 May 2022, 04:58 AM

Quote:

Originally Posted by Little machines

Enjoy the watches you purchase . Wear them use them and hold on to those great time pieces. When you need to sell ,trade or buy do that on your time. Don't stress and pay attention to the market enjoy your watches .

This!
This is why this price correction isn’t a big deal to many. Bought to enjoy, continue to enjoy, regardless of the price-of-the-day. Hopefully people didn’t quit college or invest their life savings to become watch dealers. It’s not like this correction hasn’t been forecasted for quite some time.

Flint · 11 May 2022, 12:33 AM

Quote:

Originally Posted by Little machines

Enjoy the watches you purchase . Wear them use them and hold on to those great time pieces. When you need to sell ,trade or buy do that on your time. Don't stress and pay attention to the market enjoy your watches .

Sound advice

omx5o · 10 May 2022, 04:59 AM

The day you decide to sell will be the day the market turns.

Chris · 10 May 2022, 08:16 PM

Quote:

Originally Posted by omx5o

The day you decide to sell will be the day the market turns.

Nairn1980 · 10 May 2022, 08:14 PM

Quote:

Originally Posted by Santiago32

Those of you that bought at the high in the gray market. Are you considering selling now and rebuying later?

I bought a pepsi in Jan... It crossed my mind to try this. but I like the watch too much and the risk is it'll be higher later than my cost now.

Or just wear and enjoy your watch?

mountainjogger · 10 May 2022, 08:25 PM

Keep it OP.

Sold a watch back to my AD last year because I was not wearing it, not to make money. But go the itch back. It is now more difficult to replace.

thomaspp · 10 May 2022, 09:01 PM

Sell

Sent from my iPhone using Tapatalk

1William · 10 May 2022, 09:13 PM

Sit tight. Great watch and in the end it will cost more to replace, counting the money you will lose, on a sell in the current market. The current correction can be seen as many things but you don't lose what you don't sell.

HL65 · 10 May 2022, 09:18 PM

Did you buy it to wear and enjoy or worry and fret about price?

fskywalker · 10 May 2022, 09:27 PM

Quote:

Originally Posted by HL65

Did you buy it to wear and enjoy or worry and fret about price?

This!

That’s the issue with buying at 2-3X MSRP prices: if you would have purchased at list most likely won’t be having those thoughts!

Sent from my iPhone using Tapatalk Pro

Pw92676 · 10 May 2022, 09:48 PM

Quote:

Originally Posted by HL65

Did you buy it to wear and enjoy or worry and fret about price?

This should have been the very first reply then the thread locked afterwards.

Maverick_1908 · 11 May 2022, 02:01 PM

Quote:

Originally Posted by HL65

Did you buy it to wear and enjoy or worry and fret about price?

The answer is pretty clear.

It was his "investment" piece.

Harry-57 · 10 May 2022, 09:21 PM

Two of my Rolex watches were bought from grey dealers because I couldn't get them through ADs. 116610LV which I bought in March 2018 for £8450 unworn, and a black SS Sky Dweller bought in December 2019 for £13,200 unworn. I never had any intention of selling them and I still don't. I bought them to wear, love, enjoy and eventually pass down a generation or two. Property/land = investment, stocks/shares = gambling, watches = fun.

David001 · 10 May 2022, 09:54 PM

If you don't like the watch then sell it, if you like it keep it.
If you can't keep it without worrying about how much it's worth then sell it and move on, life is too short.

Blue Fin · 10 May 2022, 09:59 PM

Keep it, beautiful watch.
Should never have been about the money.

Kevin of Larchmont · 10 May 2022, 10:27 PM

The money is already gone, just enjoy the watch. The watch was worth the price at the time you paid for it. If the money means more to you now than the watch then you are collecting money, not watches. That’s a different forum.

10 May 2022, 03:48 AM	#1
Santiago32 "TRF" Member Join Date: Nov 2019 Real Name: Jim Location: UTC/GMT -7 hours Posts: 1,673	sell now and rebuy later Those of you that bought at the high in the gray market. Are you considering selling now and rebuying later? I bought a pepsi in Jan... It crossed my mind to try this. but I like the watch too much and the risk is it'll be higher later than my cost now. __________________ instagram: santiagowatchcollector

10 May 2022, 08:25 PM	#20
mountainjogger 2025 Pledge Member Join Date: Aug 2010 Real Name: H Location: North Carolina Watch: M99230B-0008 Posts: 5,681	Keep it OP. Sold a watch back to my AD last year because I was not wearing it, not to make money. But go the itch back. It is now more difficult to replace. __________________ The King of Cool.

10 May 2022, 09:01 PM	#21
thomaspp "TRF" Member Join Date: Dec 2010 Location: N/A Posts: 11,137	Sell Sent from my iPhone using Tapatalk __________________ Instagram: @watches_anonymous

10 May 2022, 09:18 PM	#23
HL65 TRF Moderator & 2025 Titanium Yacht-Master Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 64,302	Did you buy it to wear and enjoy or worry and fret about price? __________________ *SPEM SUCCESSUS ALIT*

10 May 2022, 03:50 AM	#2
Parapraxis "TRF" Member Join Date: Jan 2020 Location: Toronto Posts: 724	Never try to time the market

10 May 2022, 04:09 AM	#10
wetsum3 "TRF" Member Join Date: Apr 2015 Location: South Carolina Posts: 257	DCAing is always the best way to go. Haha

10 May 2022, 04:24 AM	#12
watchmework "TRF" Member Join Date: Jun 2017 Location: DC Watch: 126710BLRO, 116600 Posts: 7,869	If you like the Pepsi I would just hold onto it, even if you see the listing prices dropping that probably means any grey dealer is going to give you a lowball offer and it isn’t worth it in the long run….don’t worry about the market, just enjoy wearing it and creating memories.

10 May 2022, 04:32 AM	#13
Zuger "TRF" Member Join Date: Jun 2013 Real Name: Richard Location: USA Watch: me set the time Posts: 2,520	I could but I become too attached to my watches once I’ve owned them for a while.

10 May 2022, 04:49 AM	#14
Little machines "TRF" Member Join Date: Feb 2019 Real Name: Joseph Location: USA Posts: 2,692	Enjoy the watches you purchase . Wear them use them and hold on to those great time pieces. When you need to sell ,trade or buy do that on your time. Don't stress and pay attention to the market enjoy your watches .

10 May 2022, 04:59 AM	#17
omx5o "TRF" Member Join Date: Nov 2013 Real Name: Richard Location: UK Watch: Tudor Ranger Posts: 1,615	The day you decide to sell will be the day the market turns.

10 May 2022, 09:13 PM	#22
1William 2025 TitaniumYM Pledge Member Join Date: Nov 2010 Location: North Carolina Watch: Rolex/Others Posts: 48,841	Sit tight. Great watch and in the end it will cost more to replace, counting the money you will lose, on a sell in the current market. The current correction can be seen as many things but you don't lose what you don't sell.

10 May 2022, 09:21 PM	#27
Harry-57 2025 Pledge Member Join Date: Apr 2018 Real Name: Harry Location: England Posts: 10,965	Two of my Rolex watches were bought from grey dealers because I couldn't get them through ADs. 116610LV which I bought in March 2018 for £8450 unworn, and a black SS Sky Dweller bought in December 2019 for £13,200 unworn. I never had any intention of selling them and I still don't. I bought them to wear, love, enjoy and eventually pass down a generation or two. Property/land = investment, stocks/shares = gambling, watches = fun.

10 May 2022, 09:54 PM	#28
David001 Banned Join Date: Sep 2020 Location: UK Posts: 538	If you don't like the watch then sell it, if you like it keep it. If you can't keep it without worrying about how much it's worth then sell it and move on, life is too short.

10 May 2022, 09:59 PM	#29
Blue Fin "TRF" Member Join Date: Nov 2021 Location: Melbourne Posts: 62	Keep it, beautiful watch. Should never have been about the money.

10 May 2022, 10:27 PM	#30
Kevin of Larchmont 2025 Pledge Member Join Date: Jul 2016 Location: The Ice House Watch: Ingersoll Mickey Posts: 3,616	The money is already gone, just enjoy the watch. The watch was worth the price at the time you paid for it. If the money means more to you now than the watch then you are collecting money, not watches. That’s a different forum.

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