What to do if you own but don't love a hot model

[AK797]

Don't be too tempted by prices, dealers are offering terrible buy prices, often 3/4K under what you might expect so unless you are willing to do private deals then these prices are fake news.

[IR201]

Originally Posted by vipereaper30

No implication there whatsoever, my impression is you thought you would love the LV but upon acquisition realised it's just not for you. Here's what I was specifically referring to:



You are contemplating holding a piece with the thought that the value will increase, logically because the values have been increasing. The problem is when enough people start doing this it leads to a speculative market where goods get purchased with no intent to use them for their purpose other than as an investment.

At a certain inflection point prices become unsustainable and start to drop. Then speculators want out and decide to pop the safe and sell to get out. Supply dramatically increases with limited buyers and then the bubble normalizes/deflates/pops.

There's a lot more to it and this is just my observation and opinion that this market doesn't appear to be sustainable in the *long* term. For all I know Rolex secondary prices could triple over the next three years. I'm not suggesting things are about to tank, I'm just saying this is one sign of behavior that leads to a bubble.

Again, no offense to you I think you have a great watch and are lucky to be able to sell at a premium to find something that suits you better.

Thanks for clarifying. I think there's a lot of what you described going on, but a lot of it also does not apply to me. Especially the part where "goods get purchased with no intent to use them for their purpose." So I'm not sure my particular consideration is the best place to make a point about flippers/speculators. I do believe my question is more about a watch collector watching the price of a piece he bought *thinking he would keep it* continue to rise who is salivating at the chance of using that rise to experience another great piece in his collection - one he might not have envisioned splurging on. At the same time, as indicated by the responses on this thread, there is a predominant emphasis on immediately moving on from watches you one does not wear - regardless if that piece has gone up on the secondary market 3K in the past 3 months...I respect the opinions here, but I'm not convinced that makes good sense, regardless of how pure of a collector I'd like to be. But at heart I feel similar, the conflict comes because I am also conditioned to think like many of you - to move on (when you know you know). I just feel like the new reality of today's Rolex market presents more nuanced decisions, even for people in this for the right reasons.

[icnbne]

Lifes too short to hang on to something you dont like to speculate

If its value youre after, sell the watch and buy some stocks or contribute it as a downpayment for another house/apartment

[Fort Rolex]

Originally Posted by Dsmith1974

Swap it for one that do like.

This. There’s someone out there for you to match up with and trade

[trfChris]

Trade it + cash for a nice PM piece that you love.

[Dirt]

Get rid of it and send it to a happy home.

[Skylife]

Sell it and dont wait, while the value of hulk is increase, other model is increasing too. Haha!

[Loevhagen]

Sell this gem? No way.

[Andad]

Depends, have you married this one?

[Watcheroo]

Sell it and get something you will wear and that’ll give you joy - that’s what it’s all about after all

[Frits1980]

Originally Posted by AK797

Don't be too tempted by prices, dealers are offering terrible buy prices, often 3/4K under what you might expect so unless you are willing to do private deals then these prices are fake news.

Thats what i always thought. 30k for a daytona or 18k for a blro sounds tempting but what does the average grey actualy offer be it an exchange for something else or cash?

Im kind of bored with Rolex for some time now and it does makes me think if i should take advantage of the moment and exchange some of the hot models for Patek and Lange.

[Roddypeepa]

Originally Posted by Daveclock

Sell it is you do not like it - it is HOT now, Dear Rolex please do not Jubilee it - I certainly don't want it like that!

As for hot models - there are plenty walking around that are not loved by their current partners! (Rod Stewart was always a fan of a hot model!)

I guess you’re no closer to sourcing one yet, @Daveclock . So frustrating


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[LooseCann0n]

Originally Posted by AK797

Don't be too tempted by prices, dealers are offering terrible buy prices, often 3/4K under what you might expect so unless you are willing to do private deals then these prices are fake news.

Can get sale price for 9% under market value in UK. Contingent on them selling yours so may be a little wait but if you have an in demand model, this shouldn’t be too long (matter of days/weeks). I had a offer from a grey with a buyer lined up so would have been almost immediate - with a few days for the cash to clear.


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[MrCowboy99]

I had the same situation about 10 yr ago. I bought a black SS Daytona and found it was hard to read so I flipped it. Then a year later thought it was the black dial, so had the chance to get a white SS one and did and realized I just can not read Daytonas and the dials are small for me. I sold it also. No regrets at all even as I look at the prices of them today.

For you, sell them and get something that you like and as JJ said, make sure it smiles at you!

[RolyMoly]

My only watch rule is that if I’m not going to wear it I wont keep it.

If I was in your shoes I wouldn’t care about any of the market stuff now or ever. But since it is so hot right now, use it to your advantage. Fund something you will wear. You’re in good shape.

[asiparks]

Sell or trade it now rather than wait until Basel, enjoy a year of wearing a watch that you really like.

[crazycarlitos]

Simple.

Depends on ur financial situation.

If u can afford to buy other watches u want without selling the hulk (since u think the value will keep rising), do it.

If u have to sell the hulk to finance the next watch, do it.

See? Simple.

[IR201]

Originally Posted by crazycarlitos

Simple.

Depends on ur financial situation.

If u can afford to buy other watches u want without selling the hulk (since u think the value will keep rising), do it.

If u have to sell the hulk to finance the next watch, do it.

See? Simple.

Yeah, I'm sort of between your two scenarios. Technically I don't need to sell it to finance another watch. But I also now have about 8 luxury watches and am trying to avoid outlay of new $ for pieces, just to try to keep some parameters on my collection and spending specifically on watches. It's a loose rule I've imposed on myself that I am trying to abide by but don't technically have to.

That said, I do have enough other pieces where I can certainly keep my wrist happy while (1) giving it more time to like the hulk; (2) seeing what happens to the market; and (3) being sure about what I would actually want next, because I'm not quite there yet anyway.

Btw, I noticed there's a another thread now on hulk price escalation. Everyone there saying how crazy fast it is, only likely to continue etc. That's at the heart of my consideration here. To me where else other than trying to be a watch purist would we advise someone to dump a fast appreciating item, which seems to be the predominant stance here re: my situation. And I'm not even contemplating making $ in the traditional sense from this, only using the hulk as a gateway to other watches.

I get the whole watches are for enjoyment thing, but that still doesn't mean you want to make bad financial decisions, or eliminate logic from the equation - again, especially if holding on to something for a bit longer gives you more options for other watches you will enjoy! Can't completely separate it here, which is what I find so interesting about today's market.

[timepieceluvr]

Originally Posted by IR201

Interesting situation. I have a hulk that I am not bonding with despite my best efforts. Usually I'd say no big deal and move it on for something else. But the hulk keeps going up in value, and who knows what will happen next. I say this not to make watches about speculation or investment or whatever, but because I'm thinking, if I am just a little patient with pursuing my next piece, I can probably trade the value rising hulk to get an even better (for me) watch in the future that is out of my current price range.



What do you think about holding on to a (pretty surefire) value riser you don't love to potentially parlay it into another price category in the future? To me it kinda sucks that I'm thinking that way about a watch, but on the other hand it just feels like the smart thing to do.

Launch it. Who cares if it’s worth more tomorrow, if you wanted more money you wouldn’t have bought a watch to begin with. Get something you love.


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[t65tampa]

To the original poster, you bought a "sought after" or "hot" watch" and were hoping to bond with it. Unfortunately, you didn't. That's why you should only buy watches you love, regardless whether they are "hot" or not. It doesn't matter if they are popular models or increasing in value in the aftermarket, or the other way around, if they give you pleasure.

At least you should be able to sell off the unloved watch pretty easily. Don't try to time the market. Use it to get something you like from the start.

[jimcameron]

Sell it. Originally they had to be discounted to move them. Today they are hot items. Tomorrow? Who knows. It is a beautiful watch. But I'm betting that only a few where it 365 days a year for decades.

[IR201]

Originally Posted by t65tampa

To the original poster, you bought a "sought after" or "hot" watch" and were hoping to bond with it. Unfortunately, you didn't. That's why you should only buy watches you love, regardless whether they are "hot" or not. It doesn't matter if they are popular models or increasing in value in the aftermarket, or the other way around, if they give you pleasure.

At least you should be able to sell off the unloved watch pretty easily. Don't try to time the market. Use it to get something you like from the start.

Thanks. I didn't buy it "because" it was hot. For example, I could go after a Daytona but I know I'm not a big fan of them. I knew I loved subs, have a ND black and thought the green would be a fun switch up for me.

To be honest, I don't know what I will love or not until I have the piece and own it for awhile. I watch a lot of videos, read a lot of threads, deliberate vis a vis other pieces, try on if possible then pull the trigger hoping my suspicion of potential love winds up being true in reality. It has in some cases, for example I love my t-rex explorer 39 and my blnr oyster. But for the hulk it seems like the love is not quite there, or at least has not come yet.

[sensui]

Don't let greed dilute your love for watches. Sell it if you don't love it.

[crazycarlitos]

Originally Posted by IR201

Yeah, I'm sort of between your two scenarios. Technically I don't need to sell it to finance another watch. But I also now have about 8 luxury watches and am trying to avoid outlay of new $ for pieces, just to try to keep some parameters on my collection and spending specifically on watches. It's a loose rule I've imposed on myself that I am trying to abide by but don't technically have to.

That said, I do have enough other pieces where I can certainly keep my wrist happy while (1) giving it more time to like the hulk; (2) seeing what happens to the market; and (3) being sure about what I would actually want next, because I'm not quite there yet anyway.

Btw, I noticed there's a another thread now on hulk price escalation. Everyone there saying how crazy fast it is, only likely to continue etc. That's at the heart of my consideration here. To me where else other than trying to be a watch purist would we advise someone to dump a fast appreciating item, which seems to be the predominant stance here re: my situation. And I'm not even contemplating making $ in the traditional sense from this, only using the hulk as a gateway to other watches.

I get the whole watches are for enjoyment thing, but that still doesn't mean you want to make bad financial decisions, or eliminate logic from the equation - again, especially if holding on to something for a bit longer gives you more options for other watches you will enjoy! Can't completely separate it here, which is what I find so interesting about today's market.

It’s not simple for u because u r not at a point where u must make a decision.

Ur thread is actually about whether u should sell the hulk at this moment or not. In other words, u r basically asking “will the hulk value keep rising or should I cash out now?”
It’s same basic value/investment question as half the threads in the forum.

Perhaps once u find a watch u want next, ur decision would be simpler (since u have ur 8-watch rule)

[LandWatch]

Sell it, of course. No point hanging onto something you don’t like!

[Chester01]

Originally Posted by Watchflair

I personally believe in wearing everything that I own. It MUST get wrist time.

If you find yourself not wearing a piece then it's time to sell it and move on.

Could not agree more!

[BMess]

I sold my hot model (114060) for a very unpopular model (DJ41) and couldn't be happier. Buy what you like not what the market currently likes.