When do you decide to trade/sell?

[pj1369]

Hi all. I want to slim my collection a little bit and consider getting rid of pieces I don't enjoy or wear as albeit great pieces, e.g. my Rolex Milgauss Blue Z and Oris "Carl Brashear" Bronze Chrono Diver. Out of curiosity, does anyone have criteria they use to make the final decision of when to sell or trade, that you're willing to share?


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[viper]

When i haven't worn it in quite some time and don't have any interest to do so

[dpt.calvin]

“When they no longer bring you joy” is the common answer.

[beshannon]

When I want to

[pj1369]

So, not worth holding on to from
an investment perspective? My AD use to tell me that you should keep a watch for at least 10yrs then sell if want. This was part of the reason for me ask.


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[Boaters]

When it is not getting wrist time and I have the desire for something else. Fairly easy to figure out..

[CarlOver]

If you don’t enjoy it and don’t wear it and are not accumulating a collection, then I would think it might be a good time to trade it or sell it.

[VogelPhoenix]

I don't trade or sell, I hoard.

[donas]

For many years, I usually sold or traded when I when I wanted something new. My small collection has now gotten to the point they are all keepers; I'm in trouble on the next purchase I suppose.

[Polar Bear]

A friend of mine always said:
There's only 2 reasons you should sell a "Passion Asset"
1- You need the money to pay bills
2- You need the money to buy a better/more interesting Passion Asset

If you dont need the money, or you dont know what you'd replace the watch with, dont sell the watch

[pj1369]

Originally Posted by Polar Bear

A friend of mine always said:
There's only 2 reasons you should sell a "Passion Asset"
1- You need the money to pay bills
2- You need the money to buy a better/more interesting Passion Asset

If you dont need the money, or you dont know what you'd replace the watch with, dont sell the watch

Love this and well said. Thank you!


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[EEpro]

If there's something you'll enjoy more with the money.

[YoyoGift8]

Originally Posted by boaters

when it is not getting wrist time and i have the desire for something else. Fairly easy to figure out..

+1

[1William]

I typically only sell/trade when I need funds for another watch purchase. If I am not wearing a watch and it is not special anymore for me it is gone. I do like to try a lot of different watches so it does not take much for me to move along.

[JSolution]

Originally Posted by Polar Bear

A friend of mine always said:
There's only 2 reasons you should sell a "Passion Asset"
1- You need the money to pay bills
2- You need the money to buy a better/more interesting Passion Asset

If you dont need the money, or you dont know what you'd replace the watch with, dont sell the watch

I’ve been pondering OPs question myself - my thoughts are that it would be nice just to see the extra spare cash In my bank, although I actually have no use for it would just be cash in the bank.

[travisb]

Just like you said - once I’ve lost interest or don’t have any desire to wear it anymore.

[thekman]

When I realize the watch has doubled or tripled in value and I can trade into a higher horology brand

[beshannon]

Originally Posted by pj1369

So, not worth holding on to from
an investment perspective? My AD use to tell me that you should keep a watch for at least 10yrs then sell if want. This was part of the reason for me ask.


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How much do you expect to get over the ten year holding period?

What other uses would you have for your investment capital over the same holding period?

[rmlovett1]

If I’ve lost interest, or have sold on occasion to upgrade or take advantage of this crazy market. Doesn’t necessarily mean upgrading to another watch, some of my sales’ funds have turned into automobiles.

[TswaneNguni]

Rarely .Careful what you sell ,you may regret it .
Never do sideways moves .Must be real merit in a trade .

[Droolex]

If I find that I have some redundancy in my collection and the opportunity to trade up to a different watch.

[samson66]

Originally Posted by viper

When i haven't worn it in quite some time and don't have any interest to do so

Yep that's pretty much my criteria #1

Criteria #2 is if I plan on trading up to a higher tier model. For ex trading a Sub for an SD, or a DJ for a DD

[OG1982]

Originally Posted by JSolution

I’ve been pondering OPs question myself - my thoughts are that it would be nice just to see the extra spare cash In my bank, although I actually have no use for it would just be cash in the bank.

I'd rather look at a watch in a box that I didn’t need than some numbers on a screen that I didn't need. Unless you need those numbers on the screen of course

[bluestreak]

Originally Posted by beshannon

How much do you expect to get over the ten year holding period?

What other uses would you have for your investment capital over the same holding period?

I think calculus might be a bit different if you already own the watch, as there are typically significant costs in selling (and potentially rebuying).

Not saying this is a good idea.

[alphadweller]

When I'm pretty confident I won't get seller's remorse. However, there's always a risk, you never know the full value of what you've got until you lose it. These days, making a mistake - selling and having to buy it back - can cost you 30% of market value if not more, i.e. dealer's spread. Problem is market values are historically high.