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June 19, 2014

Comments

jonnybardo

Go easy on yourself. What you describe IS the hobby, at least for many. In fact, many watch collectors seem to see every watch as a temporary rental.

Now of course flipping is one thing, and re-buying again and again another. Not sure what to say about that except don't sell the Sumo again, at least for awhile.

Ulysses

What is it that compels you to sell watches you don't like any more? I'm talking about the ones that you repurchase after a while. That tells me you can't have disliked them that much, but there was a motivation beyond disliking the watch itself. Is it a desire to keep a "small" collection, or simply not having too much of your wealth invested in watches?

I've bought watches in the past that I now never wear, but I don't sell them on. They weren't that expensive though so it's not a huge loss. I suppose I could resell one or two but it doesn't bother me.

herculodge

I end up selling my watches as an attempt, a futile one it turns out, to allay wrist rotation anxiety, which is in proportion to the size of my collection, but I find with my refined tastes I miss the watches I sell, so I'm thinking it may be time to stop selling since it's more expensive to re-buy them.

jonnybardo

As I see it you have three general options (with subtle variations possible):

1) Keep doing what you've been doing - buying and selling watches frequently and keeping your overall collection around 10.

2) Keep buying watches frequently but be more patient about selling, allowing your collection to build up a bit to the 12-18 range, then having a big sell off if and when you feel it is getting to large.

3) Buy fewer watches less frequently, and gradually sell off at a similarly slowed down rate.

The upside of the first approach is that you get the pleasure of a new watch frequently, but also don't have to experience the anxiety of too large of a collection. The downside is a poor rate of return and a gradual loss of money, especially if you buy and re-buy the same watch too frequently. Also, this is the classic "trying to fill the void that can't be filled" psychology that keeps the craving alive.

The second approach is similar but it delays the sell-off and thereby gives you a longer period of time to decide whether a watch is a long-term keeper. The down-side is the risk of anxiety due to a collection of increasing size.

The third approach is probably wisest but harder to do because it involves moderation and a reduction in obsession, and of course you don't get the thrill of frequent purchasing.

herculodge

I'm always aspiring to cut down on my consumer fix and the power of the watch chimera in general. I think now though I'll be more hesitant to sell my watches. For one, I already have my collection pared down.

jonnybardo

Unfortunately there's no way to cut down on the fix and power of the chimera but through abstaining from purchasing, or at least winding down (watch pun intended).

It feels like I haven't bought a new watch in awhile, but I actually bought two in May. But overall my purchases have been down - "only" six in 2014 with the year half over (almost), compared to 26 (!) in 2013, 35 (!!) in 2012, and 8 in 2011. Of course the price point has increased substantially over the years. Crazy to think of those 75 purchases I only own 13, half of which I plan on selling.

jonnybardo

And then there's this:

http://www.theonion.com/articles/study-finds-americans-lead-world-in-ability-to-jus,36316/

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