Bye bye money...

I just lost more than 500 € when I sold my Christopher Ward to consolidate my collection. It hurts but also I am happy that I could sell it relatively quickly.

Does that happen to you too?

Where do you draw the line?

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It happens to everybody. Only in very rare cases will you come close to even breaking even.

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You didn’t lose 500. How many days did you own it for? Divide 500 by that number and that’s how much it cost you, per day, to enjoy it.

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RenaissanceTinker

You didn’t lose 500. How many days did you own it for? Divide 500 by that number and that’s how much it cost you, per day, to enjoy it.

Probably 1 Euro per day :D And I by far did not wear it every day...

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I don’t think that watches are a good investment, especially at the pricepoint that CW sells. Very few watches actually increase in value and those are usually very expensive to begin with. I can see though how you feel as it always sucks to take a loss.

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foghorn

It happens to everybody. Only in very rare cases will you come close to even breaking even.

That's actually making me feel a bit better. Thanks.

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User_001

Probably 1 Euro per day :D And I by far did not wear it every day...

But you had the option to wear it every day…. Hardly seems like it’s worth getting upset over such a small amount.

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willinsf

I don’t think that watches are a good investment, especially at the pricepoint that CW sells. Very few watches actually increase in value and those are usually very expensive to begin with. I can see though how you feel as it always sucks to take a loss.

Yeah I knew that this was going to happen but I learn from it that I will be even more careful with future purchases. Also it is due to the fact that my taste changed quite a lot during the past two years. Watches come and go... But it's also not really easy selling them.

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All watch money is gone as soon as it's spent.

Proceeds from selling is found money

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RenaissanceTinker

But you had the option to wear it every day…. Hardly seems like it’s worth getting upset over such a small amount.

Thanks. It's a nice approach to the situation. Appreciate the thought.

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It happens to most of us, we are not dealers (if we were it would be a very short career) we are collectors . Bit like buying a new car and using it, your going to take a massive hit. I suppose the lesson is not to buy so many, sensible. But we're not sensible we're collectors and lessons go out of the window when we get the buzz.