BoDog said:FTAC or not, it isnt happening. Just reached out to my brother who happens to trade often with FTAC (and has a watch collection worth north of $150k) and he says the same thing. I challenge any of you to buy a seamaster or black bay and sell it a month later then come talk to me.AgLA06 said:That's a broad incorrect statement. 10 years ago, sure. Today, not necessarilyBoDog said:Your not getting your money back on a Tudor or Omega. Your not going to take a bath... but you are not breaking even.Serotonin said:
One thing that FTAC has really opened my eyes to is resale value.
Microbrands have very little or no resale value, so you spend $1.1k (or whatever after tax) and should just consider that money gone for good.
Whereas if you buy a gently used Tudor or Omega then you can sell that in a year or two if you want to do something else and get a lot of your money back.
It depends on the line. Black Bays and GMTs tend to hold their value quite well. The new sub Rolex twin will most likely as well. Same applies to Omega and speedies. To be honest, Omega watches were starting to see some actual appreciation since Covid.
Do they appreciate like 5,6, or 7 figure watch brands that are often seen as investments that will gain value, not currently. But to say Tudor or Omega the brand doesn't hold it's value, that's not correct. Especially compared to microbrands as was the specific question.
I think the average person that doesn't know watches will look at an older model with an asking price half a new model and wrongly assume it didn't hold its value. When reality is it was originally sold much cheaper than the new inflated watch prices. And held its value quite well.
Sounds like FTAC2011 needs to come in and set you straight.
