Working up the watch ladder

Working up the watch ladder

Author
Discussion

over steer

Original Poster:

121 posts

206 months

Friday 22nd May 2015
quotequote all
Afternoon gents,

Looking to upgrade my Tag Monaco to a Breguet XXI with the aim to re-upgrade every year or so to eventually land a ROO on the wrist. I was wondering, as this is probably a path well trodden, if there was a resource listing the best watches to buy in order to flip in the medium term available somewhere?


PJ S

10,842 posts

227 months

Friday 22nd May 2015
quotequote all
Just put the money aside and keep wearing the Monaco, until you've the funds (with or without its sale) to land a nice pre-owned ROO.
You'll lose more money in the interim doing it as planned, and as much as Rolex is the default answer in that case, it's not as rosy as it has been in recent years – so like I said, save your money for the big one, you might even get there sooner.

don logan

3,520 posts

222 months

Friday 22nd May 2015
quotequote all
I'd genuinely rather have the XX1 than the ROO

over steer

Original Poster:

121 posts

206 months

Friday 22nd May 2015
quotequote all
PJ S said:
Just put the money aside and keep wearing the Monaco, until you've the funds (with or without its sale) to land a nice pre-owned ROO.
You'll lose more money in the interim doing it as planned, and as much as Rolex is the default answer in that case, it's not as rosy as it has been in recent years – so like I said, save your money for the big one, you might even get there sooner.
Sounds like very pragmatic reasoning, however I might go for a middle of the road route and buy the XXI as I'm really fond of it and save on from there, with maybe one more in-between watch to keep me motivated.





Blown2CV

28,804 posts

203 months

Saturday 23rd May 2015
quotequote all
over steer said:
Afternoon gents,

Looking to upgrade my Tag Monaco to a Breguet XXI with the aim to re-upgrade every year or so to eventually land a ROO on the wrist. I was wondering, as this is probably a path well trodden, if there was a resource listing the best watches to buy in order to flip in the medium term available somewhere?
are you suggesting buying and then selling at a profit, as a way of working your way up?

over steer

Original Poster:

121 posts

206 months

Saturday 23rd May 2015
quotequote all
Blown2CV said:
over steer said:
Afternoon gents,

Looking to upgrade my Tag Monaco to a Breguet XXI with the aim to re-upgrade every year or so to eventually land a ROO on the wrist. I was wondering, as this is probably a path well trodden, if there was a resource listing the best watches to buy in order to flip in the medium term available somewhere?
are you suggesting buying and then selling at a profit, as a way of working your way up?
No, more along the lines of selling my monaco, adding ~3K to upgrade to a preowned XXI and repeating periodically until i'm in preowned ROO territory, call it 3 jumps.



traffman

2,263 posts

209 months

Sunday 24th May 2015
quotequote all
I had to google what a roo was!

marcosgt

11,018 posts

176 months

Monday 25th May 2015
quotequote all
I'd agree with the earlier posts, just save some money each month and buy the Royal Oak when you can afford it.

You MIGHT get lucky and make some money on some deals, but otherwise you're just delaying the process, spending money and then losing some on a sale.

Also, the assumption here is that a more expensive watch is a 'better' watch, that's far too subjective to be true.

Technically you may find some of the more expensive watches are more advanced, but equally a lot house fairly simple (and sometimes cheap!) movements, and the 'best' watch is the one you ENJOY the most, even if it's a £100 G-Shock!!!!!

M

SVS

3,824 posts

271 months

Tuesday 26th May 2015
quotequote all
marcosgt said:
the assumption here is that a more expensive watch is a 'better' watch, that's far too subjective to be true
+1. Well put yes

over steer

Original Poster:

121 posts

206 months

Tuesday 26th May 2015
quotequote all
SVS said:
marcosgt said:
the assumption here is that a more expensive watch is a 'better' watch, that's far too subjective to be true
+1. Well put yes
Not at all. I just really love the ROO. If I were after bling I'd have an all Gold Sub instead of it.

P.S. I come from the watch industry (ex. Swatch Group) so I, more than anyone would know that Price ≠ Quality

marcosgt

11,018 posts

176 months

Tuesday 26th May 2015
quotequote all
over steer said:
SVS said:
marcosgt said:
the assumption here is that a more expensive watch is a 'better' watch, that's far too subjective to be true
+1. Well put yes
Not at all. I just really love the ROO. If I were after bling I'd have an all Gold Sub instead of it.

P.S. I come from the watch industry (ex. Swatch Group) so I, more than anyone would know that Price ? Quality
No, I wasn't suggesting that aiming for a 'grail' was a bad thing, but that the idea of 'climbing the ladder' through 'better' watches doesn't really make a lot of sense, if you have a watch you like and another you hanker after.

I was trying to say just do the saving and make the jump all the way and miss out a load of dearer watches you don't REALLY want...

M

michael gould

5,691 posts

241 months

Wednesday 27th May 2015
quotequote all
PJ S said:
Just put the money aside and keep wearing the Monaco, until you've the funds (with or without its sale) to land a nice pre-owned ROO.
You'll lose more money in the interim doing it as planned, and as much as Rolex is the default answer in that case, it's not as rosy as it has been in recent years – so like I said, save your money for the big one, you might even get there sooner.
good advise.....unless you intend to buy pre-owned and try to make a profit from each move up (which is not easy) then save your pennies until you can afford the ROO

over steer

Original Poster:

121 posts

206 months

Wednesday 27th May 2015
quotequote all
michael gould said:
PJ S said:
Just put the money aside and keep wearing the Monaco, until you've the funds (with or without its sale) to land a nice pre-owned ROO.
You'll lose more money in the interim doing it as planned, and as much as Rolex is the default answer in that case, it's not as rosy as it has been in recent years – so like I said, save your money for the big one, you might even get there sooner.
good advise.....unless you intend to buy pre-owned and try to make a profit from each move up (which is not easy) then save your pennies until you can afford the ROO
Oh, they would have all been pre-owned. My reckoning was that the hit would be €100-€250 on trading up at each stage, which is not bad for the novelty factor.



isee

3,713 posts

183 months

Wednesday 27th May 2015
quotequote all
For the less refined amongst us WTF is a ROO?
2 pages worth of thread and nobody seems to have done the courteous thing of decoding the ROO thing. Gives me an idea for the "things that annoy you beyond reason" thread.

andy_s

19,400 posts

259 months

Wednesday 27th May 2015
quotequote all
isee said:
For the less refined amongst us WTF is a ROO?
2 pages worth of thread and nobody seems to have done the courteous thing of decoding the ROO thing. Gives me an idea for the "things that annoy you beyond reason" thread.
https://www.google.dz/search?q=ROO&oq=ROO&aqs=chrome..69i57j69i65l2j69i60&sourceid=chrome&es_sm=122&ie=UTF-8#q=ROO+watch

Probably quicker than posting...

isee

3,713 posts

183 months

Wednesday 27th May 2015
quotequote all
andy_s said:
https://www.google.dz/search?q=ROO&oq=ROO&...

Probably quicker than posting...
Funny enough I had, but one of the first replies was about a Rolex, so having guessed that it must be some Rolex edition, rather than the AP Royal Oak offshore, i decided to post. In spite of your snide comment, I thank you for clarification wink

Miguel Alvarez

4,944 posts

170 months

Wednesday 27th May 2015
quotequote all
over steer said:
michael gould said:
PJ S said:
Just put the money aside and keep wearing the Monaco, until you've the funds (with or without its sale) to land a nice pre-owned ROO.
You'll lose more money in the interim doing it as planned, and as much as Rolex is the default answer in that case, it's not as rosy as it has been in recent years – so like I said, save your money for the big one, you might even get there sooner.
good advise.....unless you intend to buy pre-owned and try to make a profit from each move up (which is not easy) then save your pennies until you can afford the ROO
Oh, they would have all been pre-owned. My reckoning was that the hit would be €100-€250 on trading up at each stage, which is not bad for the novelty factor.

Depends on who buys your old watches (private/dealer) but I would assume a bigger hit than that to begin with.

That being said I've done the same thing as you although not intentionally. I wanted a DD for ever but always assumed I'd never afford one. A chance convo with a dealer and it dawned on me I wasn't far off my grail if I was happy to sacrifice a couple pieces.


michael gould

5,691 posts

241 months

Wednesday 27th May 2015
quotequote all
over steer said:
michael gould said:
PJ S said:
Just put the money aside and keep wearing the Monaco, until you've the funds (with or without its sale) to land a nice pre-owned ROO.
You'll lose more money in the interim doing it as planned, and as much as Rolex is the default answer in that case, it's not as rosy as it has been in recent years – so like I said, save your money for the big one, you might even get there sooner.
good advise.....unless you intend to buy pre-owned and try to make a profit from each move up (which is not easy) then save your pennies until you can afford the ROO
Oh, they would have all been pre-owned. My reckoning was that the hit would be €100-€250 on trading up at each stage, which is not bad for the novelty factor.

and where do you get the 100-250 Euro figure from ? or was it printed on the back of a fag packet ? smile......... how many times before have you traded up on watches, it's not that easy ...it would almost certainly involve buying privately which, unless you know what your doing, is a receipe for disaster .....save up for the ROO

BrabusMog

20,145 posts

186 months

Wednesday 27th May 2015
quotequote all
I had a ROO Chrono but had to sell it to free up some funds for other things, it's an amazing watch, best bracelet I've ever had on a watch and the rubber strap was pretty good too. If I were you OP, I'd probably just whack the money away each month until you can buy it outright - I didn't lose anything when I sold mine which I had originally bought 2nd hand.

over steer

Original Poster:

121 posts

206 months

Wednesday 27th May 2015
quotequote all
michael gould said:
over steer said:
michael gould said:
PJ S said:
Just put the money aside and keep wearing the Monaco, until you've the funds (with or without its sale) to land a nice pre-owned ROO.
You'll lose more money in the interim doing it as planned, and as much as Rolex is the default answer in that case, it's not as rosy as it has been in recent years – so like I said, save your money for the big one, you might even get there sooner.
good advise.....unless you intend to buy pre-owned and try to make a profit from each move up (which is not easy) then save your pennies until you can afford the ROO
Oh, they would have all been pre-owned. My reckoning was that the hit would be €100-€250 on trading up at each stage, which is not bad for the novelty factor.

and where do you get the 100-250 Euro figure from ? or was it printed on the back of a fag packet ? smile......... how many times before have you traded up on watches, it's not that easy ...it would almost certainly involve buying privately which, unless you know what your doing, is a receipe for disaster .....save up for the ROO
I've done it a few times, admittedly I've let go of a watch a lower than intended price in order to buy another that was going at good price. I never really lose money on stuff I buy.. I just hold out until the stars align and the right buyer and seller come along.