Does Resale Value Matter to You?

View Poll Results: How much does resale value matter to you?

Voters
127. This poll is closed
  • It is essential! Watches are an investment

    4 3.15%
  • It is pretty important

    14 11.02%
  • I take it into consideration

    57 44.88%
  • I couldn't care less! I keep my watches.

    47 37.01%
  • You can resell a watch?

    5 3.94%
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Thread: Does Resale Value Matter to You?

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  1. #1
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    Does Resale Value Matter to You?

    I suspect that I am in the very small minority, but I simply do not get the obsession with resale value here on WUS. Whenever someone asks about a watch they are considering, there are inevitably people chiming in about the hit their value takes after purchase. A significant factor the Rolex mystique for many (but not all) is the fact that they maintain a high resale value.

    But for me, I buy watches to wear and enjoy. They are frivolous luxuries, albeit ones that I enjoy. I rarely flip a watch, and when I do, I fully expect to take a financial hit. But the same is true of a car or virtually any other consumer item. So, here are a few possible reasons I see for both sides of this coin...

    Resale value matters:
    • I think that watches are a good financial investment
    • I love the process of buying and selling; it is more about the process than the watch itself
    • I fall in and out of love with watches and cannot afford to take a hit on each watch
    • It is part of the status of a watch and shows it is desirable
    • I bought a watch beyond my means and need to get the money out of it

    Resale does not matter:
    • I buy the watch to wear, enjoy and keep so I will not be reselling it anyway
    • I know that I will loose money on almost every watch I sell; it is like a car or other consumer item and I don't expect otherwise
    • I have so much money, I don't care (definitely does not apply to me!)

    For me, I keep, wear and enjoy a small number of watches.

    So, how much does resale value matter to you and why?

  2. #2
    Member jkpa's Avatar
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    Re: Does Resale Value Matter to You?

    It matters to to me, especially since most of my purchases have been made without trying the watch on first or seeing it in person. If I would take a huge bath on a resale, I wouldn't buy it to begin with. If I can more or less break even (buying used and selling used), then I'm more likely to give that watch a shot and see if it's a keeper. I've wasted too much money on other hobbies and I'm still weary about spending a ton of money on a single watch, so for me, it's still a big factor in my decision making process.

  3. #3
    Member yankeexpress's Avatar
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    Re: Does Resale Value Matter to You?

    Good well written poll with proper graduations of choices.

    So many other polls around here are obviously biased to get a particular result favored by the OP. Not this one.
    imaCoolRobot and Ard like this.

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  5. #4
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    Re: Does Resale Value Matter to You?

    Even if watches are more of a hobby or a passion than an investment, I think it's comforting to know you won't take a huge loss when you sell your higher end watches, especially because I've bought enough watches to know that sometimes you end up selling watches that you didn't think you'd sell.

  6. #5
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    Unless you’re made of money, which most people probably aren’t, it’s comforting to know that your collection is worth something. You never know where like takes you. God forbid something goes wrong in the future and you end up having to sell your collection.

  7. #6
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    Re: Does Resale Value Matter to You?

    Ummm, only when I decide to move a watch out (have sold close to 90 of 'em so far) , till then it doesn't come into play at all, if I like the look and can afford to buy it in it comes. That said, looks like I've ended up with the few that I can at least break even on, maybe even make a few bucks so all's good
    A.Lange & Sohne * Audemars Piguet * Blancpain * Cartier * Dornblueth & Sohne * Invicta * Jaeger-LeCoultre * Meraud * Rolex * Revolution Watch Company * Tiffany & Company * Tudor

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  8. #7
    Member GETS's Avatar
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    Re: Does Resale Value Matter to You?

    I voted "I take it into consideration".

    It isn't a primary factor for me but to not consider it at all would feel needlessly reckless.
    jkpa and mleok like this.
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  9. #8
    Member 41Mets's Avatar
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    Re: Does Resale Value Matter to You?

    Quote Originally Posted by Tohono Rat View Post
    I suspect that I am in the very small minority, but I simply do not get the obsession with resale value here on WUS. Whenever someone asks about a watch they are considering, there are inevitably people chiming in about the hit their value takes after purchase. A significant factor the Rolex mystique for many (but not all) is the fact that they maintain a high resale value.

    But for me, I buy watches to wear and enjoy. They are frivolous luxuries, albeit ones that I enjoy. I rarely flip a watch, and when I do, I fully expect to take a financial hit. But the same is true of a car or virtually any other consumer item. So, here are a few possible reasons I see for both sides of this coin...

    Resale value matters:
    • I think that watches are a good financial investment
    • I love the process of buying and selling; it is more about the process than the watch itself
    • I fall in and out of love with watches and cannot afford to take a hit on each watch
    • It is part of the status of a watch and shows it is desirable
    • I bought a watch beyond my means and need to get the money out of it

    Resale does not matter:
    • I buy the watch to wear, enjoy and keep so I will not be reselling it anyway
    • I know that I will loose money on almost every watch I sell; it is like a car or other consumer item and I don't expect otherwise
    • I have so much money, I don't care (definitely does not apply to me!)

    For me, I keep, wear and enjoy a small number of watches.

    So, how much does resale value matter to you and why?
    It matters to me if, and only if, I am getting a watch that I like but I'm unsure about. You might say, don't get it unless you're sure about it! With that said, I currently have a four watch collection. I have gone through 60 watches to get there. I was able to go through those watches and to try watches and to get to know what I liked because I paid attention to resale value and the price that I picked up certain pre-owned watches for. That allowed me to trade or sell watches I had purchase with virtually no loss.

    So, if one does not necessarily intend on keeping a watch for their entire lives, resale value does play a role. If you're getting a watch that you plan on wearing for your entire life and you know that you're going to do that for sure, certainly, resale value should not play any role whatsoever.
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  10. #9
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    Re: Does Resale Value Matter to You?

    It's never influenced a decision on any of the watches I've bought, although I've never spent more than around £1000 either.

  11. #10
    Member NocturnalWatch's Avatar
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    Re: Does Resale Value Matter to You?

    Nope. Not really... I don't buy watches with future selling in my mind. I buy them because I like them, not because in the future I will maybe sell them and earn some money. Even if I decide to sell them and lose some money, it is not important to me, because I have enjoyed and had pleasure of wearing them for some time.

    Sent from my LG G6 using Tapatalk
    Hidef1080 likes this.

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