when do you become a Flipper?
At which point does a watch hobbyist become a flipper?
The obvious people are the ones trying to make a quick buck of the Rolex, AP, Pakek hype train which most would agree has caused the non AD prices to skyrocket.
but are you a flipper if you buy a piece to wear for a short time then decide to move it own for another purchase?
Or is the flipping term complete if you only make money of the back of moving the watch purchase along ?
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Ed
Deeply down the bottomless watch collecting hole. Love for all types of watches. Looking to share my thoughts and watch purchases with like minded people. my watch interests fall on divers, pilot and...
Buckinghamshire, England 🇬🇧
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Yes, just an unprofitable and fickle one. The flipping still happens and the person who does it is a flipper regardless of motivation.
Consider this akin to politics where a candidate that acknowledges a prior mistake and changes their position is deemed a flip-flopper (while those that stubbornly cling to their initial wrongheaded stances are lauded for consistency).
An original owner that liquidates in short term is flipping. Period. Need money for chemotherapy? Lost your arm and can't use the watch? Went blind and can't see it? It doesn't matter. The watch is being flipped.
I can flip my Seikos for a cup of coffee maybe l☕️😂
Yes, just an unprofitable and fickle one. The flipping still happens and the person who does it is a flipper regardless of motivation.
Consider this akin to politics where a candidate that acknowledges a prior mistake and changes their position is deemed a flip-flopper (while those that stubbornly cling to their initial wrongheaded stances are lauded for consistency).
An original owner that liquidates in short term is flipping. Period. Need money for chemotherapy? Lost your arm and can't use the watch? Went blind and can't see it? It doesn't matter. The watch is being flipped.
I understand your point. i keep my watches but i wonder in the long run if i will sell due to having some many it would no longer make viable sense, so i guess condense the collection to the truly loved pieces.
so are you a believer that you should only buy what you can afford with disposable income or believing in saving for that piece which might not currently be reachable?
If you buy the watch with the intent to just sell it for a profit, you are a flipper. If you buy a watch, and you just find it doesn't work for you and sell it for profit, then that doesn't really make you a flipper.
If you often buy watches and it turns out they don't work for you and you sell them for profit, you're a flipper who doesn't want to admit it.
Mostly, it's about intent, IMO.
If you buy the watch with the intent to just sell it for a profit, you are a flipper. If you buy a watch, and you just find it doesn't work for you and sell it for profit, then that doesn't really make you a flipper.
If you often buy watches and it turns out they don't work for you and you sell them for profit, you're a flipper who doesn't want to admit it.
Mostly, it's about intent, IMO.
agreed. flipping to me is buying to sell for profit with no genuine interest in the piece