Quote:
Originally Posted by ASAP
Drives an 09 335xi... considering 20K watch... math doesn't add up right there...  |
Spoken like a pompous trust fund tool. We'll done.
I have an obsession with watches. Partcularly Audemars Piguet watches, which almost all run north of $20k. What I don't have is a desire to collect them, only enjoy them for awhile.
I bought my first AP RO about 12 years ago from a jeweler who was going out of business, for about half off of retail (paid $13k). After about 6 months, I got an itch for something different, but couldn't justify (at the time) shelling out the $19k asking. So I sold my first AP to fund my second. Being that I got it so cheap (respectively), I made $8.5k when I sold it.
A means to feed my AP obsession was born.
Over the years it has become an exhilarating hobby, and a quite profitable side business. At any given time I've got a handful of APs on hand. I made an absolute killing buying up a couple dozen during the market crash in 08/09, and hanging on to them for a couple years before selling them.
Sometimes I break even, or even lose a few bucks. But far more often I find a great deal on the watch I want at the time, enjoy it for awhile, then pass it on and put a few grand in my pocket.
My current hunt is for the unicorn - an AP ROO Lava. Only 99 were made so I may have to bite the bullet on this one.
