A bit of advice on flipping watches...
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  1. #1
    Member M_Milaguet's Avatar
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    A bit of advice on flipping watches...

    What is the best way, in your opinion, to maximize your profits when flipping a watch:
    Would you have a watch serviced before flipping it, or would you sell it 'as is'?
    Similarly, if there were any issues with the watch such as a scratched glass, a broken watch band or a scratched case, would you have those fixed before reselling?

  2. #2
    Member blowfish89's Avatar
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    Re: A bit of advice on flipping watches...

    Quote Originally Posted by M_Milaguet View Post
    What is the best way, in your opinion, to maximize your profits when flipping a watch:
    There is only one reliable way to maximize your profits, and that is to not buy watches.
    Punkling, kit7, marcmc and 10 others like this.

  3. #3
    Member Armchair's Avatar
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    Re: A bit of advice on flipping watches...

    It's more about 'minimising losses' than 'maximising profits'.
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  5. #4
    Member M_Milaguet's Avatar
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    Re: A bit of advice on flipping watches...

    OK, point taken in... badly phrased question... Nonetheless, the point remains: before putting a watch up for sale, is it best to fix the issues with it, or do you simply assume whoever buys it will have it serviced anyways?

  6. #5
    Member beeman101's Avatar
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    Re: A bit of advice on flipping watches...

    Err even i would like to learn......
    I sell mine at a loss and never made profit on even one....

    but .............dont care aint a flipper per say or a dealer...
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    Member IAmScott's Avatar
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    Re: A bit of advice on flipping watches...

    Sort of on the point I guess...
    I had a watch repaired and cleaned up a bit by a local jewler prior to selling the piece...let's just say I went into the hole further, but had a clear conscious.

    Sent from my SM-G900V using Tapatalk

  8. #7
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    Re: A bit of advice on flipping watches...

    I have wondered this; to service or sell ''as is.'' The serviced watch, with guarantee, will sell more quickly, and you will know the buyer has a first class watch. Will you lose less as a result...maybe, maybe not.
    As has been pointed-out, don't flip watches if you want to keep your money. Buy stuff, cherish it, keep it.
    Do I follow my own advice? About as much as anyone else does.

  9. #8
    Member Toothbras's Avatar
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    Re: A bit of advice on flipping watches...

    I follow my own preferences as a buyer when selling. I don't polish or service anything if I think it'll be sold soon, mainly because I'd rather save money on a watch I'm buying and have my local guy service it whom I trust and gives me a great deal

  10. #9
    Member riddlers's Avatar
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    Re: A bit of advice on flipping watches...

    It would depend upon the watch. Certainly if you sell watches for less than $100 you will lose all your money if you service the watches. I had a couple of old Gruen watches for sale for twenty or thirty dollars and had people asking if I would pay $100 to $200 to service them and then sell them the watch for twenty or thirty dollars. Really. In my experiences many people want a "like new" or "newly rebuilt" watch for pennies on the dollar. That's why I actually prefer to give away old watches to friends as opposed to selling them.

    You can speculate on watches like the limited edition models and try to make a profit, but that's a risk and once you do that many people, including me, will have nothing to do with you. They're the type who purchase a limited edition with absolutely no intent of wanting it, just profiting from those who they eliminated from legitimately purchasing one. The Snoopy Omega watches come to mind. People paid about six thousand and want at least double that.

  11. #10
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    Re: A bit of advice on flipping watches...

    Why do people around here use the term "flipping" instead of just "selling"? Previously I had only heard the term "flipping" applied to houses where someone would buy it cheap, fix it up quickly and sell for a profit. Does that scenario apply to watches? I have a couple of watches I hope to sell soon, but I expect to lose money on the deal.

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