How big a hit to flip?
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  1. #1
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    How big a hit to flip?

    I'm interested to learn, on average, what percentage of your purchase price you are prepared to write off in order to flip a watch?

    Now I know it depends on a number of variables, so in order to narrower it I'll provide a little context:

    You have bought brand new.
    You have owned the watch for less than 1 year.
    You have grown a little tired of said watch, but don't hate it and you still appreciate it as a timepiece.
    You have something else in mind but can't afford to buy without flipping this one.

    So what kind of hit are you prepared to take to get what you want, without beating yourself up for weeks afterwards for losing too much cash on the brief ownership.

    I'm asking for a friend

  2. #2
    Member SaoDavi's Avatar
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    Re: How big a hit to flip?

    Market value is market value. What you originally paid isn't relevant.

    Postponing a flip doesn't stop you from losing money. The money is already lost. If you don't like the watch, sell it and use whatever value remains toward something you will enjoy.
    Alysandir, Xspect, Perseus and 6 others like this.

  3. #3
    Member SaoDavi's Avatar
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    Re: How big a hit to flip?

    Also, if you're concerned about losing value, buy pre-owned. Most of my pre-owned watches are worth the same, or slightly more than I bought them for.

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  5. #4
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    Quote Originally Posted by SaoDavi View Post
    Market value is market value. What you originally paid isn't relevant.

    Postponing a flip doesn't stop you from losing money. The money is already lost. If you don't like the watch, sell it and use whatever value remains toward something you will enjoy.
    Very valid, although it’s possible, if unlikely, that loss could be mitigated over time as market values fluctuate.

    Also, you add another loss to the loss by buying another watch...so maybe it’s more a question of how regularly do you flip?
    SpaceCadet65 likes this.

  6. #5
    Member SaoDavi's Avatar
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    Re: How big a hit to flip?

    The bottom line is you're buying jewelry and a depreciating asset. It's not an investment or even a commodity. It's a hobby and you're going to have expenses associated with it.

    Anything you buy will lose value. Any increase or decrease is going to be speculative, save for Rolex and a few others that are relatively stable and have a predictable appreciation track.

    Just buy what you like, sell what you dont.

  7. #6
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    Re: How big a hit to flip?

    Quote Originally Posted by SaoDavi View Post
    Also, if you're concerned about losing value, buy pre-owned. Most of my pre-owned watches are worth the same, or slightly more than I bought them for.
    My philosophy, too. I've bought new, before, but as a collector, I only buy used. It's a slippery slope to assign your purchase price to any asset, rather than the replacement cost. If you have a watch that isn't bringing some bit of enjoyment, it really has zero "worth" unless you trade it away. For me, a watch is only worth how much wrist time it gets.

    BTW, what watch have you fallen out of love with?
    SaoDavi likes this.

  8. #7
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    Re: How big a hit to flip?

    You can always check sold listings
    wonkytrolley likes this.

  9. #8
    Member ari.seoul's Avatar
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    Re: How big a hit to flip?

    this would be more on the watch itself (brand, model, price, supply/demand) than how the owner feels,

    but 50% is about the average, again, it depends on the watch itself and how much in demand is that particular model

    best way to gauge this is to see how much they're being sold for (not listed for, but "sold" for) on eBay


    Quote Originally Posted by wonkytrolley View Post
    I'm interested to learn, on average, what percentage of your purchase price you are prepared to write off in order to flip a watch?

    Now I know it depends on a number of variables, so in order to narrower it I'll provide a little context:

    You have bought brand new.
    You have owned the watch for less than 1 year.
    You have grown a little tired of said watch, but don't hate it and you still appreciate it as a timepiece.
    You have something else in mind but can't afford to buy without flipping this one.

    So what kind of hit are you prepared to take to get what you want, without beating yourself up for weeks afterwards for losing too much cash on the brief ownership.

    I'm asking for a friend
    wonkytrolley likes this.

  10. #9
    Member Alysandir's Avatar
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    Re: How big a hit to flip?

    Once you buy something, that money's gone; the time to consider the loss of that money was prior to the purchase. (AKA "sunk cost fallacy")

    So after the purchase, if you're convinced that the object provides with no further value, get whatever you can get for it.

    Regards,
    Alysandir
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  11. #10
    Member Carl.1's Avatar
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    Re: How big a hit to flip?

    I have found that if i buy new i am not generally tempted to sell on, but, if i buy second hand i do.

    I am happy to take a loss, i have had enjoyment from the watch, i have not ever looked at what the loss is. As SaoDavi says, market value is what you will get
    wonkytrolley likes this.

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