
I have this excuse: 'Oh I'll just sell this watch to buy that one... But the new one is SO rare and desirable that I can't afford to wait and I can always sell the old one later!!!" Then I'll be too busy to follow thru w/ the sale or realized that I'm still in love w/ the old ones then you know the rest...
Well in all fairness, my lack of discipline has done more good than harm, at least financially over the last few years... And to actually execute that diligently is not easy, unless you always put up your pieces at fire-sale price or simply trade w/ the dealer.
Replacing a watch w/ more complicated model in same line or just different metals makes a lot of sense and I've been adhering to that policy. It's basically true once the new one with different (presumably more desirable) metals or more complicatiions get in the door, the old one quickly gets forgotten but there're still exceptions. I guess I'm a slut when it comes to watches.
As to your last case, I've done something similar: I bought a watch on Sep 11, 2001. Sold it shortly after for and actually got accused of being a flipper!!!
I buy whatever I sort of liked and rid them when the love disolves. Mostly I tried to buy it at a decent price so that the potential break-up wouldn't cause me an arm and a leg. Problem is that:
-I paid too much attention to the resale value and often forgot what really trickles my fantasy. (Please no dirty joke!)
-I quickly realized that the selling business can easily manifest into a full time job, which doesn't quite make sense to me...
So these days I'm trying to be a lot more discerning and don't normally let myself consumate within 1-2 months of 'falling in love' so it's quite rare that I would fall out of love. Of course, there're always exceptions!
Intersting point that you have fixed a maximum. How do you come to the figure? Do you peg it to a percentage of income or networth?
The problem for setting a limit is that I realized I'm eyeing more complicated/fancier pieces as I climb up the ladder of horological knowledge so that puny limit that I set quickly became meaningless unless I revise it every other day!
Each watch I own must make it on to my wrist on a regular basis. I do not own safe queens, nor sentimental watches that I do not wear. If I stop wearing it, I ship it out. If I continue to wear it, I generally keep it. There are, however, exceptions. For example, if I acquire something too similar and I cannot justify owning both.
Craig
there're various external factors contributing to WTF (Wrist Time Frequency!), at least for me.
-I keep good portion of my pieces in bank safe. It's just difficult to get there at times and unless I go there every other day to switch watch, you'll still end up wearing one a lot more than the others...
-I go to the gym a few times a week during work so again, I'm confined to more rugged and water proof watches than fancy complicated piece on expensive alligator straps. So with your criteria, I should only have 2-3 SS basic watches + another 1 or 2 dress watch in my collection. The mere thought of that hurts!!!
Generally I would agree your approach should pretty much identify what you really like or not. There're certain pieces in my collection that sometimes I'm just reluctant to wear, or I would ONLY wear if I will have a chance during the day to switch. So for those, it makes sense to pass on and fortunately it's been happening a lot less these days...
... lolExcept I can afford to be a Valentino in the world of horology whereas in real life, I have no chance!
There're flaws to all things in life so I can't bear dumping them just because they're flawed! That's what makes life interesting right? The key is whether these flaws are something you can tolerate or not. For me I think a good measure is to always take my time to ponder the decision of getting in or out of a relationship. Trouble is that it's always a lot quicker me to fall in love!
Wait, are we talking about watches or women?
I was really not referring to imperfection. I would have been very annoyed as well...
But not less easy to sell some of them.
When you're trying to build a collection, it is difficult to sell one without " breaking " the whole collection.
Example: I build a collection of Diver watches...
I spent many time for that.
Then, I want to sell one of them to fund an important piece to come.
Will I break the homogenity of my collection of Diver Watches?
No, if I upgrade my thematic collection with an exceptionnal piece.
Yes, if I sell it for another thematic, like Chronos, for example, or high horology.
That's the dilemma.
There is no general solution, but only compromises, IMO.
I sold some of my Pre V Panerai pieces to fund some heavy watches ( financially speaking).
I regret a few of them, but I had to turn the page.
Good luck, my friend, this experience is not only painful, it may be very interesting!
Nicolas
and a logical one that goes thru me is that if the piece is not getting alot of wrist time.. rather than seeing it being left in the watch box or winder, finding it a new home will put the piece into better use...
the other being, keeping special pieces that commenmorate a special event or history.
of course finally, the acquisition of new pieces will mean that the collection needs to destabilize... lol! and this most of the time is a hard thing but a good "hold back" from buying new pieces.
having both the pvds 4 and 9... and then one gotta to make way
for something new... due to fund constraints...
so many watches, so little money syndrome


you're not typing this with your wife next to you?
For me I found the selling process tiresome unless I dumped everything to dealer or sell them at fire-sale prices, which inevitably results in a rather significant cost for all these 'trying on' and my wife wouldn't be too impressed with that for sure.
You sell your pieces and offer interest-free financing at the same time? Have you seen what happened to the US auto industry latey?
Seriously I'm glad you have so many good friends around you that share your passions. That's probably a blessing in itself. Wear your pieces in good health!
Usually I'd lust after some watch or other and save and scheme until I got it. Then a few months later it wasn't that interesting any longer and the cycle would being again :-(
I think (fingers crossed) my salvation has come with specialization. Now I'm committed to one marque and trying to collect significant pieces that represent the history and development of the brand. That includes pocket watches as well as vintage and modern wristwatches.
Of course I appreciate that specialization for others may be along the lines of avant garde designs, movements, independent watchmakers, etc. Whatever that is, a unifying theme greatly simplifies the decision process on what to sell and what to keep.