Keep or Trade-in?

Hi everyone, new here!

I have been deliberating on this for a while now and just interested to hear how others would approach. I was recently fortunate enough to acquire my favorite watch of all time, the Submariner no-date (I know, I'm basic). With that, my Tudor Pelagos feels a little redundant (TBH was originally purchased because of its price-point and it looked like the rugged cousin of the Sub). This was my first entry watch into the "luxury" watch market, so there's some slight sentimental value there.

I am considering selling/trading-in and using the proceeds towards another watch. That watch being, my second favorite watch in the Rolex Explorer. I've been 3 waitlists for quite some time now, and honestly am over it. So the question for you all...

I've been eyeballing a used 114270 Explorer that's ~$6.5k, and the only thing holding me back is its closeness in price to the retail cost of a current Explorer. Consequently, I've considered the following options:

  1. Saying "Screw it!" and just going for the 114270
  2. Considering going for a different watch all-together (read: Panerai Due, Grand Seiko - model undetermined)
  3. Keeping the Pelagos for now and waiting for the call on a 124270

So... if you were in my shoes, what would you do?

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Disclaimer:  "Opinions are like a$$holes...  everybody's got one."

If I were in your shoes:

  • I would sell the Pelagos now
  • I would sit on the cash, in case Powell does decide to plunge us into a recession
  • I would wait for the new Explorer
  • Demand for luxury watches is softening quite quickly.  Lots of folks who hoarded Rolexes hoping to make a quick buck are losing their shirts and will be injecting all that supply back into the market soon enough:  https://www.watchcrunch.com/Edge168n/posts/funny-watch-stories-from-my-everyday-life-that-are-most-certainly-not-factual-13503
  • At that time, you can then decide, "Do I want the Explorer?  Or do I need this cash to pay rent, because Powell has decided he wants to go down in history as the second coming of Volker?"

But, I am not in your shoes.  If I were in my own shoes, here's what I would do:

  • I would sell the Pelagos now
  • I would buy the GS SLGA015
  • https://www.chrono24.com/seiko/seiko-grand-seiko-evolution-9-diver--id23908316.htm
  • I would have an awesome watch with smooth spring drive sweeping seconds hand, that has an innovative dial, that gleams and glitters at every possible angle, that is titanium and Evolution 9 design so it's supremely comfortable on-wrist, and finally that has the "under the radar" brand that nobody is familiar with so that when some rando asks "what watch is that," I get to say, "Oh, it's a Seiko," and the conversation ends, because who wants to talk to dirty, filthy muggles about watches?
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To me it sounds like you are leaning towards options 3. already. I think from a value retention perspective that might be the better choice. Some old timer once told me.. never sell you first watch, you will regret that decision later. 

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What @HotWatchChick69 said. Do not pay close to, or above new price for an Explorer. Those are easy to get at an AD if you put in a little work (IE building a relationship and occasionally popping into a family AD).

Take your time to try on a bunch of watches If this is your primary or only watch.

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I agree that the Pelagos is now redundant, but it's hard for me to give unbias opinion on this since I have less than zero interest in the Explorer I or the Sub.  I turned down a Sub last year offered to me by an AD.  I had never asked for one, they just offered it to me after the person who ordered it declined it once it came in.  Yes, some love them and clearly you love the Sub and got one, so congrats.  There are a lot more interesting options than a plain Explorer.

Having said that, if that's your goal, sell the Pelagos now and wait for Rolex grey market prices to keep dropping.  I like 39mm, so waiting for the AD to call (which is always my plan of attack) isn't possible.

You have your Sub, enjoy the honeymoon and have patience.

P.S., imagine having the black Sub and the Polar Explorer II.

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For me this is a big keeeeeep. I love the snowflake sub and the only way I would ever get close to owning one is to get a Pelagos. I hope you make the RIGHT decision. 😆👍

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If you aren't going to wear it, then sell it and buy something you will wear. Watches are meant to be worn and not just sit in a display case. 

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Well if you want to get a Panerai Luminor Due, i am selling mine :p

Great watch but with 42mm it is simply too big for my wirst. 

More importantly, most watches are  far away from an explorer so if you want the feel of an Explorer, don't buy anything else but if you want something now to which you can add the Explorer later, you can go for a totally different model. 

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As a former Rolex AD (it’s been awhile) I can assure you that these lists are garbage and don’t really exist. Back in the day if Rolex walked in and found someone using a “waitlist” you’d have your line pulled. 
 

Get a Rolex you can get your hands on today.  
 

That Pelagos is on my list to own someday. Same with a Grand Seiko. Both will come in time. 
 

If you are no longer enjoying your Tudor sell it now. Take the cash and make another purchase soon. 

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I have two words and they are Grand Seiko. But the tudor is a really nice watch and it can be a keeper. But variety is a spice of life good luck!!

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Keep

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I’d regret selling the pelagos so just wait to get the explorer

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I would go for the Rolex, otherwise you will not rest until you have it. 

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Keep

keep

keep

love the Pelagos 

but you do You!

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I had a Pelagos and sold it. Great watch... just not enough soul for me. Get that Rolex . If you want Titanium checkout Grand Seiko or Omega for amazing products 

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Ive learned my lesson and my own personal take on the Exp 1; its nothing but a redialed OP with a marketing story behind it. i’d look at the Exp 2 instead.

to answer your dilemma; i’d sell the pelagos, sit on the cash to either wait for the AD call or research on the more innovative pieces in the market which are readily available. I wouldnt rush for a neo vintage piece with the market continuing to crash.

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Sell it and wait for the call