Value Conscious Collecting vs Flipping
Posted: Wed Feb 02, 2022 4:48 pm
Bringing the discussion from HUISABH over to General Discussion
Personal Opinion:
I think there is a definite distinction between value conscious buying for your personal collection and "Flipping".
I think we are all here to get the best deals on watches that we can get so we can enjoy this hobby or passion in a fiscally responsible or at least const conscious way. Given that we often sell and trade the watches we purchase, it makes sense to look at their value on the secondary market and know what you could possibly get back for the investment you are about to make.
The common definition for a flipper is someone that is buying something to turn a quick profit on the secondary market, whether that is shoes, pokemon cards, or watches, they are not purchasing them for their own personal use. The problem is this just reduces already constrained supplies, inflates prices and forces people that want the watch to go to the secondary market at a higher cost to get it. As a business practice, it opportunistic and offers little to no true value to anyone other than the flipper and the manufacturers who are controlling inventory to perpetuate the practice in order to raise prices.
My two cents, would love to hear others opinions, is my definition wrong?
Personal Opinion:
I think there is a definite distinction between value conscious buying for your personal collection and "Flipping".
I think we are all here to get the best deals on watches that we can get so we can enjoy this hobby or passion in a fiscally responsible or at least const conscious way. Given that we often sell and trade the watches we purchase, it makes sense to look at their value on the secondary market and know what you could possibly get back for the investment you are about to make.
The common definition for a flipper is someone that is buying something to turn a quick profit on the secondary market, whether that is shoes, pokemon cards, or watches, they are not purchasing them for their own personal use. The problem is this just reduces already constrained supplies, inflates prices and forces people that want the watch to go to the secondary market at a higher cost to get it. As a business practice, it opportunistic and offers little to no true value to anyone other than the flipper and the manufacturers who are controlling inventory to perpetuate the practice in order to raise prices.
My two cents, would love to hear others opinions, is my definition wrong?