About to receive a watch. In the 18K range retail. I have no use for such an item, and plan to re-sell.
Any tips?
2 choices:
https://www.ebay.com/p/3053477668
https://www.ebay.com/itm/295822808752

Any suggestions on which to choose as to quality or salability? How much can I plan on netting?

you're asking about buying a 18k range piece timepiece or do you already have those two pieces and need to get rid of them?

at $18k... there are a LOT of really great choices. that's a really sweet spot in terms of valuation.

it looks like you are more inclined to sports watches as opposed to dress pieces? Tudor and Panerai are not my first choices for spending or being gifted $18k. Panerai is really a dead brand, there are dedicated lovers of that brand, but resale is horrendous and the timepieces just dont have much value imho. not really well made, and most of them don't use inhouse movements. Tudor is much better in terms of resale and watchmaking even though it is rolex's little brother... people love them because they are made to a price point and they are an entry way into Rolex. the thing is, no one really wants a $18k Tudor... they want a $3500-$6000 tudor.


let me know those answers and I can help you

retirement gift?

very confused how you're able to choose a watch up to 18k but can't just take the cash instead

Thanks for replying. (I know very little about expensive watches) To clarify:
I have the option of $7500 cash or an expensive prize. (Diamond jewelry, electronics, etc) The retail of the various items tops out around 18K. I'm willing to take a discount for cash, but a 60% discount is pretty harsh.
I have no desire to keep any of the prizes. I haven't worn an expensive watch or jewelry at any point in my life, and have all the electronics etc I could want.
So, the watches look the most fungible. The 2 I posted above were among the most expensive. About 30 watches are shown.

Other options:
https://www.grand-seiko.com/us-en/collections/sbgc242g
https://www.jaeger-lecoultre.com/us-...steel-q3848422
https://www.ulysse-nardin.com/usa_en/8163-182b-1-13
https://int.cartier.com/en/collectio...ier-watch.html

In all, I see the brands: Panerai, Jaeger-Lecoultre, Tudor, Ulysse Nardin, Cartier, IWC Schaffhausen, BVlgari, Breitling, Baume & Mercier, Omega, Tag Heuer, Chopard, Hublot, Grand Seiko,

The point of my questions is to maximize the cash I can get out of this.

oh neat

i would legit just find someone who wants an 18k watch for an agreed upon discount and let him pick the watch - seems like an ideal setup if you have the time to find and secure a buyer

Can you share the list of prizes?
Is it just a category or are there specific models and brands in those categories?
Not to be a nit picker, but a watch is not fungible... it is a negotiable and a hard asset, but watches don't have any fungibility to them. The margins on jewelry are outrageous so unless you buy wisely, your going to loose a lot of value there when you try and resell.

Watches are reasonably good for resale if you buy wisely, but the market is a little soft right now and while some watches appreciate in value, being able to get those pieces at msrp is difficult without a purchase history.

Of those timepiece brands above, Jaeger lecoultre is the most desirable at the price level you mentioned. Omega and grand seiko are well collected, but there 15k+ models are very hard resells... those buyers want a 5k-11k watche.

I'm thinking short of a list you can show us, that 7500 cash is the best deal.

is the resale market really that bad that a 15k watch in an unopened box won't go for more than 7.5k?

The watches are specific items. The ones I linked above are actual options.
The selection reminds me of Sharper Image type collection. 17K Tiffany Gift Card Spree, Designer Hand bag, Custom Golf Simulator, Trip to Paris, etc

CATEGORIES:

BAGS & LUGGAGE
CARS
ELECTRONICS
EXPERIENCES
JEWELRY
KITCHEN
SHOES
WATCHES

My expectations aren't that I'm getting 15K cash out of this. I would be happy with 12K. But 7.5K?

Would I be better served trying to sell 3 Tudors that retail for $4375?
https://www.tudorwatch.com/en/watche.../m79830rb-0001
Or 3 Seikos at $4800 each?
https://www.grand-seiko.com/us-en/collections/sbgw283g

I'll PM the listings, would rather not post publicly.

that really depends on a few factors, including the maker, the caliber and availability of that specific piece.

none of those listed watchmakers are really that desirable that people are going to flock to the sale as if it's a wondrous deal... save for Jaeger Lecoultre and to a smaller effect IWC and tudor.

none of the pieces I saw were in that upper teens range in terms of value, so you would be trying to sell a 10-11k watch for below retail and may get 7500-8000... mainly because those market segments are not that hot.

if you had access to a 15k MSRP Rolex you could almost assure yourself of getting 80-90% of msrp... or even MAKE money, but none of those pieces are available thru OP's list.

What do you people think about this?

Small NY family making them. My dad just bought one. I think its lovely.

Knopf NY 405

I have some thoughts on the design...

But really, as long as you enjoy it, that's all that matters.

Who's movement does it use?

Spent the last year going a little crazy on watches (at least imo) and realized that I get bored of watches too quickly to keep buying expensive ones.

Just sold all of mine and am looking to start a collection in the sub $1500 per watch range

Bought and sold
- Cartier tank xl (felt too big for a tank after a while)
- omega sea master blue
- GP Laureato Blue dial (hated this one pretty quick)
- YG Rolex Day-Date 36 (loved this watch the most but got bored of it too)

Ended up losing about $10-12k reselling them, which made me realize this is unsustainable

New collection right now
- Baltic MR01 salmon dial
- Tissot PRX Tiffany (meh bought a while ago)
- White casioak

What else should I look at? Considered getting the khaki field mechanical and nomos club campus red dial before buying the Baltic

maybe you should stop if you just resell them at a heavy loss

For sure an option, but I do still like watches , so my thought was to just collect the cheap ones so even if I get bored it’s not an expensive cost

idk, not calling you a liar or anything, but the more I think about it, the less your story makes sense

Lol what?

Here are the watches I bought and sold and lost a bunch of money on that you think I’m lying about for some reason lol

Sending out the 18238 day date tomorrow, which is the last one I have and the Baltic comes in the mail on Tuesday

why would you take a 10k bath on 4 watches that mostly retail for less than that individually? it doesn't make any sense

I bought:

Cartier $5.2K after taxes, sold for $2.8k (first watch, bought retail)
Omega $5K, sold for $3K
GP $8.5K, sold for 6.5K
Rolex $18K, sold for 14K (bought from a reputable but expensive dealer bc I was worried about counterfeit Rolexes)

$10.4K lost… why tf would I lie about losing money on watches lol

I’m not proud of it and I’m sure I made plenty of mistakes

If you’re asking more about my mindset for why’d I sell them…

I sold the Cartier bc I wore it 2x in 6mo after I got the Omega and Rolex

I sold the Omega bc I got in my head that I really wanted an integrated steel watch and I didn’t think I’d wear the omega if I had it

I sold the GP because I really disliked it, considered getting a Rolex Explorer or OP or even Sub, but decided I needed to take a break on buying

Sold the Day-Date because I got bored of it and that was the final straw for me to say I need to stop buying relatively expensive watches and move towards cheap ones

calm down

i said nothing you did made any sense, further explaining your rtarded decisions doesn't change how what you did was so dumb in the first place

I was hoping you were making it up because if the above is true that's literally the saddest thing I ever read

seek help, you have serious issues unrelated to watches that cause that behavior

Cool bro. You’re a dick and a loser.

I lost $10K which had almost no actual impact on my life other than to make me realize I should probably buy cheaper watches if I want to continue buying watches

I asked a question about what cheaper watches I should consider, I wasn’t rude in anyway

You then proceed to attack me multiple times.

You probably have no irl friends and are likely a virgin so I’ll let it go

The Watch market is based heavily on knowledge of moving market dynamics of these hard asset goods... invest poorly and you will get poor investment performance or even losses... even SIGNIFICANT losses. This is doubly so/true for the Vintage Horology Market which has it's own sub-genre rules.

This 'wise investment' philosophy is a non-sequitur if one does not really care... However, if your idea is to buy a timepiece, wear it for a period of time, then resell it at par or a slight loss, one should still choose wisely.

I am not specifically pointing at you, but having a look at what you have invested in, I am certain when I say... you did not choose wisely.

You are not alone in this situation as MOST who have entered the market over the last handful of years have experienced these losses when they have combined poor selections with a very soft secondary market... Even World class timepieces are deflating, albeit at a more controled rate, and when you combine that with a timepiece that no one really wants, you can see what will happen to your investments.

Shopping 'Brand' is ultra important and while a piece might be a good watch, a couple of those pieces are from less desirable Brands.

The Rolex Day/Date is your best piece by far, but I think those Vintage 18k D/D Rolex's are MUCH LESS desirable than are the Rolex 'Steel Sports' market over the last 5 years... The Precious metal market is just very soft. In addition, the condition of most your your pieces are <Good and that puts additional downward pressure for you on the secondary market. The price you initially paid is another issue here as it appears you paid top dollar or even Over value for most those pieces.

at any rate, you already know all this because you've got 'experience' now... this is a cautionary tale for others.

I agree that there are some good pieces in the low end of the market, but be advised that you wont be making money in that segment for the most part, you should be able to buy, wear and enjoy those pieces without value retention expectations... again, if you choose wisely.

The horology market is broken down into many segments... the entry level <$1500... the low end <$5000... the main market $7000-$15,000... the high end >$20,000.

If you buy a low end piece for $5000, you might be happy if you can get $3000 when you try and resell it in a couple years... if you're buying a $1500 piece, you are going to be lucky if you get anything for it... maybe $200-$300.

that opens another discussion... should you buy 5 $1500 watches, or should you buy a single $7500 watch?

That is a personal choice based on aversion to risk... Should you spend $7500 putting together a collection of low end pieces that might be worth $1500 used, if your lucky, after your done with them... or should you buy one $7500 watch that might be worth $5800-$6500, or even 'par' when you're done with it?

I come in at the later of those two choices... buy a single piece that you really love and cherish, and choose wisely when you do so.

Very reasonable perspective and I definitely learned a lot of lessons from my losses

I fully expect not to be able to resell my $600 watch for anything, but I'm kinda fine with just keeping it at that point and buying another $600 watch.

The problem for me came when I would have $5K watches that I didn't wear at all sitting around and I felt guilty for not enjoying that watch anymore and then eventually sold it for a big loss. And yeah i definitely overpaid for all of the watches, which was a big mistake on my part.

I'm going to go forward with just $600 and under watches for the time being (maybe 2 of them) until I feel confident in what types of watches I like/don't like long term and then maybe I'll buy a nicer one in a 3-5 years if I feel like it

I think it's a perfect perspective to buy into horology at a level where you feel most comfortable and it makes the hobby of collecting more enjoyable when doing so... all the while you are learning and gaining perspective on what the market dynamics are.