I'M SELLING MY WATCHES
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- čas přidán 20. 05. 2024
- This week, we're back with Gabe and Danny at Happy Jewelers! I'm selling some of the watches that never make it out of the bank vault. You may be surprised with some of the watches I'm selling today, they featured on the channel very recently!
Happy Jewelers
Phone: (714) 992-0454
Address: 1565 S Harbor Blvd, Fullerton, CA 92832
Website: www.happyjewelers.com
Instagram: / happyjewelers
CZcams: / @happyjewelers @happyjewelers
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FOLLOW:
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MUSIC IN THIS VIDEO: share.epidemicsound.com/produc...
Chapters:
00:00 - Back at Happy Jewelers
00:27 - I'm selling watches!
01:38 - Lining up the watches
03:39 - Rolex Deepsea "James Cameron"
06:18 - Rolex Day-Date 40 with diamonds
07:37 - The business model
08:24 - Rolex Yacht Master 42 yellow gold
10:29 - Second thoughts about the Day-Date 40
11:48 - Rolex Oyster Perpetual 41 "Celebration Dial"
15:14 - Rolex Sky-Dweller yellow gold
17:49 - Audemars Piguet Royal Oak Offshore
18:59 - A. Lange Söhne Zeitwerk "Striking Time"
24:07 - Flip a coin!
25:17 - Adding everything up
26:20 - Deal done
#watches #luxury #rolex - Zábava
The dealers are always saying what a great investment watches are, yet every time someone sells a watch they ALWAYS lose money.
Only really in recent times certain rolex and patek models. Everything else more or less you lose money on.
@@stefanfreestylez gmt master 2 and Royal Oak is what my amateur knowledge is telling me to go for.
This business is all about finding suckers, who pay 6 digits, for an item worth 4.
Wholesale vs Retail pricing
Obviously 🙄 they gotta make some money to !! It isn’t a charity ! Durrrhhhhhu
This just shows me proof that watches are in fact NOT good investments.
Not all of them. Rolex are
Depends on the watch and how much you paid. I consider watches a store of value plus you get to enjoy them.
Yes they are.. he just bought a lot of stuff when the prices were at their highest.. and now he’s trying to sell them at a very low time so obviously he’s going to lose
He just bought wrong. He doesn't really know watches
thats like saying the stock market isnt and investment because it dips sometimes. They can go up all the time, there has to be retracements
I think if you were to sell every watch you have that you would be down $950k. Try selling the Jacob’s back. You’ll get peanuts
Jacob's watches will hold there value a lot better, especially when he stops making them.he has a huge name on them.
Just buy Gold if you want to secure money and buy crypto. If you want to knvest
@@pasqualecuda5165Lol what
@@jp8293 yes, buy gold at the ATH and Bitcoin at the ATH xDDDDDDDDD
Jacob’s lol those are probably fakes if you look at them closely
Thank you PM for an educational video. So losing 35k is not good, but the loss is actually greater. You have to take into account the loss in interest the money would have generated if not spent on watches. Let's say all these wathces cost 200k, and you kept them for five year(never worn!!). Had you invested this money in the most conservative investment, which genreates 4% yearly interest, after five years you'd have a profit of over 40k(not including accumulated interest). So PM paid more than 75k for the experience of purchasing the watches and putting them in a safe, never wearing them. Let that sink in.
I love watches and always preach, by what you like! These happy jewelers folks literally preached how "watches are THE BEST INVESTMENT" over the last 3 years. They told everyone to buy buy buy. "The money is safe" etc etc...I mean, they lowball Michael, and he's one of their superstar clients who has brought them many many new clients and free advertisement...IMAGINE what they would offer nobodys like you and I!
FACTS!!!
You simpleton, do you think they are in business NOT to make money?
The market has crashed since Covid, they aren't lying about the huge price reductions. To be honest they're giving him a generous deal just because he's a committed customer, I don't think he'd get better prices anywhere else for same day sale
It wasn't like a massive loss, was it, but he can take it, PM knows more than he puts on. Its for entertainment purposes as far as I can tell. And having all these comments does well for the video. continued blessings of abundance and wisdom.
All the resellers of any kind are scammers. Hes giving them free advertising that could run 10s of 100s of thousands of dollars. Poor business skill. Short-term money oriented guys. Hope they all go out of business. They only target super rich who will buy whatever they want and dont care about the 1000$ or 2000$ extra. For normal people, its such a bad place
Whenever you buy it's at the height of the market and whenever you sell they say it's a bad time for watches 😂
Never ever trust a dealer. Never. They’d sell their mother.
@@trisinogy "Its a good time for mothers, buy my mother for a good price now. Best time to buy."
@@ridiak3637 🤣🤣🤣🤣
Well.. it actually IS a bad time for watches, but I'm sure you're right either way!
It really was the height of the market when trump was running things everyone was making cash and there were no needless wars.
In general, watches are not an investment, just like cars. Are there some sure, but in general they are not. Michael is an impulse buyer.
Yes. Only the hype watches. If he’d brought 7 Daytonas in he’d have done great.
Wow Michael really needed cash. Very interesting, I thought $230K cash was nothing for him.
Useless to him. They wont return a profit anymore. Hype is over, covid is over.
People have the wrong impression of Michael. He has a strange mindset where he puts all his money into buying assets so he looks much wealthier than he actual is. Instead of having millions in stock market investments he buys millions in watches, cars, and houses.
I highly doubt he "needs" the cash. He's net is roughly $60 million dollars. But he realized his watches isn't that good of investment anymore.
@@george_jordanI really wonder what losses he took with the aftermarket ones
@@2011blueman
But that just means he can’t hold onto it
Selling on camera to get more money, a trick ordinary people can’t use. Those dealers are sharks but they don’t want people to know it.
It's actually because Michael has a relationship with them and those watches were acquired from HJ anyway. I haven't dealt with them so I don't know if they are sharks or not. However, no one is forcing you to sell to them. Michael knew he would get prices over the market value due to previous dealings, being a loyal customer, etc. And being on camera didn't hurt either.
They are not sharks but they are very good people. Go in and buy a watch from them.
Maybe go visit the store and speak from experience instead of being major asshat
Michael is doing the same though?
@@Alex_Donnovan dealers are born to be sharks lets make this clear,their relationship is only a business relationship ,they come from a different part of the world (or background)where Michael is from .
This was hard to watch. Because anytime you try to sell your watches back it’s going to always be in the favor of the one who is buying them from you. Not you the seller. So even though all of you are chummy, get along, there is still an air of animosity. Which makes it uncomfortable. Which happened here. I felt it. I saw it too. 😬😬😬
I did see it too…… there was a moment, a short one, and you could feel the discomfort, the nervous laughs, the smiles which were not genuine. But it’s all part of business. It IS true however that the jewelers have to lay out the money from their own pockets immediately while the watches they buy back from you could sit on the shelf for a long time. The mind is a funny thing because you see a watch and suddenly you make a connection with it and you will do everything in your power to obtain it. Then over time the connection wanes, it fades and suddenly one day you want to trade it or sell it for the next best thing. And you lose money selling it BUT….. and this is VERY IMPORTANT TO REALIZE. If you take your calculator out and divide the amount you lost in selling it by the amount of time you had it the loss is VERY VERY SMALL. For example let’s say Producer Michael lost $27,000 on the Lange in white gold but he had it for 5 years. Basically he lost $103 a week or about $15 a day.
I used to collect watches buying as and when I liked the look of one and had spare funds...all of a sudden I had 35...some hadn't even been out of the box since store day - much like here - after taking a loss on a fair few of them when selling them on I realized it was a mugs game for us, the consumer. I scaled down the collection to 4 watches I absolutely loved and would wear regularly if the mood and occasion suited. It's worked well. Now if I see an absolute must have piece, then I stick by the rule that one in the collection has to be sold to make room. Works for me.
Investment oppertunity = short on cash
Getting out of a poor investment. Watches are dead now.
@@BobbyDazzler888
Aye
@@BobbyDazzler888They are jewelry. He could easily keep them and wear them. He needs money.
Michael is investing in keeping a roof over his head. What does Michael produce?
“I absolutely love this watch, but I’ve never worn it” WTF - can’t have loved it that much !
right? like not even once, for like an hour?
He did. He either is lying or he forgot. There’s a video of him wearing it talking about his other watches. And then taking it off to talk about it.
@@maxgilbert7547 I do vaguely remember that, he probably forgot
He isn’t a watch collector; he thought they were good investments
He just have too much
These “happy” jewelers aren’t wrong, they’re happy to hustle you like they do their “good friend” Michael 😂
Straight hustled.
These people don’t do any real work just sell a watch and make 5-10k on it in a minute
Tbh Michael got good deals on these, usually selling to a dealer they'll rip you off big time.
Bro its business
@@MyGUNZ123 You’ve obviously never operated a business. It’s work.
What a blessing Producer Michael can take a loss like that with a smile on his face. I know for me, a pensioner living in Central America because I can afford to rent a small house w/garden, that is a butt load of money. I love watching well off people buying watches, cars and elaborate houses. I am so happy they make videos. I have a really good life, I am by no means complaining. The two gentleman are also fun to watch. Great job Adam for all your funnies
Michael is very entertaining and a charmer.
There is no way any of us get the same kind if deal if we go in there - its a great video, but the fact they discussed prices before hand, makes this a PR piece where they both push their own agendas and not genuine, which is not what we expect from the channel. We expect you to be authentic guys. This is a huge let down in my opinion, Michale.
lol
"Huge let down"😂 God, you're a crybaby. You've not even been in with the same watch to ask. You're just bawling your eyes out over an imagined injustice.
Yossi would give you 10,000 dollar for all of them.
Yossi : Best i can do is 10.000 and i 'm taking a risk here
"It has paper, everything."
And then mug you outside.
Why don't we make deal for this watch. This watch you cannot buy. I have 3 of them.
Yossi: You can’t have this, they don’t make them anymore. I give you $500 for all and give you OJ’s second glove.
Michael is telling us that watches are avery good investment and now he is losing money in his investment🤣🤣🤣🤣🤣
They where a few yrs ago not no koreb
This is click bait not a true video. Happy would NEVER pay that much for preowned watches don’t kid yourself.
All 3 of you a brokies lmaoo report that one
Lmfaooo broke boys in comments
You have to buy after the pumped prices
shark - "watches are the most liquid asset you'll have" 2:57
michael - "havent watches gone up" shark - "no watches have come down" 4:40
The liquid part made me laugh. Cash is the most liquid, followed by stocks and bonds. Luxury watches are actually fairly illiquid assets, these days I'd even argue that the used car market is more liquid because the bid/ask spread is tighter and there are more buyers. The only assets I can think of that are less liquid than luxury watches are real estate, art, and businesses.
How the hell are watches liquid assets, in fact they are very illiquid.
@@rationaloperator4165 , he is somewhat right. You can get money easily and quickly for your watches, just not the amount you would like.
Liquid assets are items that u can turn to cash quickly when u need. Nothing to do with profit/loss
@@MinoYTD yes, any material object can be a liquid asset if you price it at an extreme discount, but by the way the watch guy says it he spins it as a positive LOL
Few monthes ago i bought one ounce gold bar (31gram) , yesterday the same seller told me that he is ready to take it for a few hunderds more... NOW THIS IS INVESMENT AND REAL VALUE..!
Man, to lose 40k on the A Longe, shoulda kept it. That watch is hella classy
We don't know how much he needs not to miss out on the investment opportunity that he mentioned (the whole reason why he's selling the watches in the first place). And we don't know how good the investment opportunity is and how the loss on that watch would compare to the profit he'll have on that.
It’s very classy and the fact that mass produced Rolexes are rising in prices, while Langes depreciate shows how ridiculous the watch market is. Oversaturated with posers who buy brand names over quality and craftsmanship. I do however think that it is too elegant for Michael’s exotic and flamboyant style.
…It’ll be in that store for less than a week
@@hugotipplelmao this guy has money in the bank for those “investments “ Michael is hearing of a watch crash in the industry so he is getting out while he can on watches he doesn’t want
@@416jr yep, that's a good explanation too. ANd maybe more realistic than mine.
gotta love a Producer Michael video to watch while eating.
I do exactly the same, watch while eating my dinner
@@Martinjp147 Me too!
Me too ! Always good food with good videos like producer michael
Yall got No one to eat with ?? Parents ? Wife??? Only Ur Phone??
@@VetiverNson No. Nobody.
Does anyone else feel like they need a bath after watching literally everyone in this video?
Watches are not for investment. I don't have 230K but even if I do have in future, would never buy an original one.
Bought a superclone from wristova, it looks exactly the same and all that matters is I am happy when I wear the watch!
Watches are not a investment. Watch collecting 101
Lots of people were fooled a few years ago.
Dealers say it’s an investment when you buy but when it’s time to sell they lowball you or offer way less.
Same goes for diamonds
@@nickg4877 diamonds are possibly the most artificially inflated thing on earth
@@nickg4877 Diamonds are much worse, the spread on them is very high, but the market is starting to get wrecked by the lab grown diamonds.
The Lange sold recently and was listed for $105,000
These guys are scammers
@@animalhouse2720 No, they are businessmen. They are there to mama a profit, Cholo.
It’s a risk tbh bc since that watch isn’t a fast mover
@@animalhouse2720 100%
Michael got swindled
I have to say that Michael I am watching your videos for a long time and its a true pleasure. Very natural and of course high class with good manners - true gem. You don't see that too often on youtube. Keep doing great job and just be yourself. Best regards Michael. Wieslaw Seredynski
LESSON - Michael bought several watches for investment that he didn't wear or like. When the value dropped, he was left with watches he didn't wear or like, lose lose situation. Always invest in watches that you like and would actually wear.
Watches aren't an investment, they're like any other clothing item, i.e. an expense.
@@2011bluemanExactly. He needs the cash.
Michael spent the last 3 years telling us how much money he made on watches, and now we see what really happens when the market changes. It doesn't always go up. Next year it will crash.
Its still overpriced. Dealers cant get rid of watches for those prices. Im expecting a decline of at least 50% in the next years
Don't be so stupid@@heinrichschmitz8964
@@heinrichschmitz8964 i hope youre right and a few more years like that and all watches will be as good as free
COVID definitely skewed it all.
@@heinrichschmitz8964 Hopefully yes!
I learned my lesson on Rolex long ago buy it to love it don’t buy it to profit
This is why it feels a bit gross for influencers to promote them as investments.
anybody who truly loves watches shouldnt support a company that makes you buy 10 watches just to be maybe be put on a list for a limited watch 🤧 this is a sh!tty tactic that they exploit on a yearly basis, they are like apple only in it for over inflating profits that are not worth sticker price...
@@jacksonsmith5490 They don't care about losing a couple of grand as the video likely paid for the complete watch. To most influencers we are nothing but a meal ticket.
no kidding.....i rather buy gold or a home.
@@ultimatedouchebag6760 You get screwed selling gold, too. Pretend you have some gold, and want to sell it. If you call the companies that offer the "best price" you will be disgusted by their offers.
This is the business model right buy for the least sell for the most and keep smiling all the time.
what a fun film thank you for the lively good humoured banter and openness about the prices.
Adam definitely cracked the glass it’ll be with Michaels total 😂
Noo you cannot sell the Lange. That is your best watch!
But he's right I've never seen him show it in a video
@@nikkimiddlekillsday5161he wore it for a full video before. And also took it off to talk about it.
He investing, he can be back and buy again from the gains and have money left over. Stop thinking poor.
@@timetraveler_0How is he thinking poor?
@@timetraveler_0 uhm selling watches is poor mans thinking. Why would I sell watches when I have more than enough liquid cash to do what I want? Only poor people need to sell of their collections
Can't believe these guys allowed this video to be made.
Why?
i love adam and you working together, yall have great workmanship on camera, thanks for all the video's
Should've kept the Lange and got rid of everything else. Stunning piece.
"ohh watches are great investments" "they hold there value" yeah right!!
They was true until the crash. He isn't saying it now.
they did before all the hypeflation during covid, now they are coming down to their actual value
To be fair he has always said buy watches because you like them, not as an investment.
Not all investments pan out kiddo otherwise everyone would be a billionaire, but you miss every shot you don't take so you have to try, in order to be successful
When a lot of Asian buyers (mainly Chinese) stopped buying watches (also wine) it changed the market. Chinese watch collectors sent prices sky high but now they are coming down to where they should have been. (The wealthy are feeling pressure from the government).
Great video loved all there chemistry. Can't wait for the next video that shows what else he will end up buying.
Just wondering when you might do a follow up with Nile Niami? Just wondering what came of him after he lost The One. Also any chance of an interview with the new owner as it would be interesting to see what's changed since Nile? Did they finish everything such as the industrial kitchen & did they get certificate of occupancy? I feel like many of your subscribers deserve a follow up as those videos are how many of us found your channel. Like if ya'll wanna see it.
The update is that he pretty much went completely broke and now he's trying to be one of those instagram/tic tok influencers.
The Lange & Söhne watch was the best watch of the group with that minute repeater. I absolutely love the way it looks!
Minute repeater watches are always breaking down and are very expensive to fix from a watch maker
That’s not a minute repeater 🤦♂️
Always like the vibes these videos Give thanks Michael and Adam and crew😊
Always a good time with these guys. Great video
Michael certainly brought them millions of dollars and they literally ripped him off on every watch! I would never buy or sell anything to them!
I priced a Zeitwerk in Dubai last month at an AD. It was $150K
Proving watches are Not an investment. The two from Happy Jewelers look and sound like low-end crims.
They look and sound like any other jewish watch merchants on 47th Street in NYC.
What a low status comment..!
Worst time to sell watches 🤢
Near the bottom of a bear market...Naaa😂😂😂😂
Near the bottom???? Not even close… give it another 2-3 years when people really run out of money …
Not really a 35k loss considering these are luxury items for self indulgence. They kept up well.
Rick from Pawn Stars would have offered you 35,00 for the entire lot cause you would be walking out with 100 bills cash and he would be taking all the risk.
… and it’s probably going to sit on the shelf for a LONG time 😂
ahahaha
He paid 35k for the "self indulgence" of never wearing them. He actually said it. In truth, he lost much more than that, because even putting all that money away in a savings account would probably generate 4% yearly. So would you pay around 70k for the privilege of keeping watches in a safe?
@@4747da That's true for most of us but not him if you really think about it. I mean what would he do with the extra money? Spend it on something similar.
The thing is he can afford to lose 35k for the pleasure of keeping these things in the bank.
i mean it's better then most cars for example
A 35k loss on that amount of watches is not crazy. But still, 1,5 year ago this would’ve been a profit
35 Large is not crazy??? Thats 15 gold bars.. You Rich guys are playing for keeps. Me 35 Large loss im selling everything including these retro jordans on my feet,.
@@STEEZ-A-LEEhow's watching all those money counting vids? Did you manifest a trillion dollars yet 💀
5,833 thousand per watch 😢
@@TB4L505I'l never have a trillion I couldn't sleep at night knowing its babies starving round the globe. THATS GLUTTONY! Give me 2 million im gucci the poor a have the rest. And you think im watching this and broke? HILLARIOUS 😆
Not a fan of comments that spoil the content, unfortunately youtube play cpmments under video on ipad.
When I saw the A. Lange and Zohna I thought it might be the Double Split watch. It is a magnificent movement. The watch has a glass back and the movement is amazing. If a movement can be called beautiful, the Double Split is it.
This was so much fun to watch! Love producer Michael - most authentic watch u-tuber out there😊😊😊😊
Perfect for my lunch break.
Love Danny & Gabe’s laugh it’s addicting
The fact that you sold the Lange Sohne and the Rolex celebrations leads me to believe that Michael doesn't really enjoy these watches. He is just buying them to flip it for profit. The Lange especially is such a beautiful piece. I used to believe Michael was a true watch aficionado.
He has 2 of that rolex
@@theofficial_harsh who purchases two watches of the same model, if not to profit from selling one of them?
@@pasttimer27what’s wrong with making a profit if you already have the same watch lol
Michael has never been a true watch collector. He started off with lots of bling jewelry watches with after market diamonds. He then found out how much money he loses buy those things so he started switching to the standard watches and whatever has hype at the time (e.g. Richard Mille). He's never cared about the complications or the horology, only that they "look" good.
@@iPolitely um... That's why the prices of these already overpriced watches go up.
That was very entertaining to watch, thank you Michael and Adam! Canada 🔥💪🏻
Michael don't you dare you say watches as good investment again ever 😏
Maybe you should look up the prices of the watches
Buying watches thinking of a good “investment” and ending with 35+K loss because of happy screwers :)))
Thanks a bunch. Very informative. Great video.
Great Video Mike 🎉 havnt seen you on here for while, nice to see your collection again...any new stock lol??
Imagine somebody selling you stuff then buying it back for a loss of over 30k and they are like it's not bad. No really you did good. Watches are a great investment 😂
The market value of these watches are way too high than what he sold for, if he sold on the internet or on 47th street he’ll make money on most of these watches, those mfs ripped him off
4:40 Micheal your a legend! for keeping the proof of their offers they was stressed lool don’t go to them no more 💯
😂Love the camera man & love producermichael channel. They re always funny to cheers my days
Love this type of content!
You know the economy is a disaster and times are hard, when Michael sells his watches and takes a 35K loss.
Yeah it’s screwed in the U.K. also
No doubt PM loves this Wheeling and Dealing. Probably reminds him of his early days in business when he was hustling and loved it.
Brilliant.....whether winning or losing ...still laughing. Great episode..... can't wait for the next installment.
What a great sales team ! I love these guys .
That proves that you don’t have friends when it comes to business….
They ripped him off !
No they didn’t at all. They’re a business
They actually overpaid, likely because it was on video and Michael is a good client.
They offered him more than he would have gotten anywhere else for those rolexes. It's crazy how many people don't realize that the markup on the things they buy is normally 30-50% and that's what it takes to have employees, pay the rent, keep the lights on, etc.
Keep the sensible looking one - lol ! Great call Adam is true! Although love Michael's unique style it is what makes him. I'd be happy with a simple Datejust only, anyway. Thanks for the video always fun to watch.
You know times are tough when Producer Michael is selling his watches.
Next episode - targa top porches being sold for an “investment” 😅
selling stuff you dont need does not neccessarily means tough times...
@@luihedit does.
It means not enough passive cashflow to sustain lifestyle.
@@marcuschonglanceanderson2390 Why go into your cash flow when you have assets sitting there doing nothing
Selling A. Lange & Söhne is huge mistake.
Buying it was even bigger mistake.
@@anttikarhu22 That watch has a unique movement. True watch connoisseurs and true collectors will keep that watch in their collection forever.
Those bigger ones are really heavy and the leather straps make them sit weird on the wrist. They also are expensive to service, but they are really beautiful.
The Lange was a keeper for the vault.
Interesting video. First, it was great to see watches being sold considering many CZcams channels only show watch transactions sparingly. Second, even Producer Michael who can walk into any Authorized Dealer to buy a watch at retail can lose money in today's market. Finally, I wonder how many thousands of watches are stored away in a bank in never worn condition, could have been sold to collectors who really wanted to wear them on their wrists!
Should have kept the Sohne (last watch) and save $25k. It's a niche market watch, but good value.
I ordered my first watch from SHEIN last week. I should be getting it. Sometime this week.
I'm shocked and hurt that he sold the A Lange. Multiple videos saying it was his favorite watch and how much he loved it.
He also said he's never worn it. It still had the tags from when he bought it
So much fun 👏🏽😂.. Happy for you Michael and you won that flip🤑😎
Btw I would love to visit Happy Jewelers and Meet Danny hopefully I get some good deals🤓⌚️💰
Love this. Great video guys
LOL love the ending, can't wait for that video!
That Zeitwerk is amazing, would have kept that above the rest.
Great guys. Thanks for the video! 👍
Great video guy's I truly loved it!!!!!!
Even Producer Michael feel inflation, selling his watches.
This video shows the exact opposite of inflation.
Your right bro we all feeling it
The fact that he wants to liquadate assets to make a investment has zero to do with inflation.
@@isigrofloyd4581 What you’re feeling is consumer price gouging. Inflation is roughly stable at 3 percent. Prices have gone up 150-200% for certain goods. That’s not inflation. That’s just companies lying to you and using the fairy tale of a “bad economy” to justify their price gouging. It becomes evident when you look at the financial statements of companies. They’re all raking in record profits because their margins have tripled or quadrupled. You’re being scammed, don’t fall for it.
downtown of la feels too
Michael your gona get black listed for flipping watches from the ad 😂
I was thinking the same thing.....if that was one of us
Loss is a great way to control impulse buys in the future in my opinion. Sometimes you gotta lose money to gain it later on by not wasting it on things that will depreciate, if that makes sense.
Early learning centre took me right back adam man id forgot that place 😂
PRODUCER MICHAEL IS THE BEST
The fact he’s selling at a loss means he’s in trouble.
I appreciate all items can take a drop. Its amazing how many older people put money in high end watches and Art in the UK. As an easy asset to pass on to family and be hidden from the care home fees assessments in later life🙂
Guys… they literally made 15% margins on this kind of deal. I see a bunch of comments saying they are scammers etc. do you think it’s fair to buy something and sell it at the same price? They’re running a business. Yes the Lange is the biggest loss but still added together, they made 15% from the watches they sold to Michael. That is like buying something for 100k and selling for 115k. That does not make you a scammer by any stretch of the imagination…
If you’re wondering how I did the math: $279,000 is what he bought it at - 243,500 is what they bought all jt back at. This comes out to 35,500. This means this is around what their profit margin is on Michael (assuming they bought it at similar prices as what they’re offering him). $35,500/$243500 comes out to roughly 14.5%. This means they are making somewhere around 15% off their initial investment.
I’d argue that is fair. They are buying expensive watches and hoping someone will buy.
Why sell the A Lange? It’s a great watch Michael 🙈
Michael, out of all the watches you ever bought, that Lange was the classiest.
I like this channel. Funny nice people who don't slag others off. Number 1
Id love to see more Car videos from Michael, i really enjoy his passion for cars
I wish Michael would sell these to fans and get a proper price for them, giving up the James Cameron for $12.5k is a crime. C2C one can easily ask 14-15k for that. 😢 Of course it’s much more convenient to drop them all at a wholesale location.
Can't wait for the video on Michael's new investment!
Same as all dealers . When you buy it will be the greatest investment but when you sell it’s never the right model and it would have been better in a different colour. Now is the worse time economy is bad etc
If any of us sold these watches and made a video we would get black listed from the AD’s, but this guy won’t?
That 💪💪💪 flex salute 🫡🫡🫡🫡 Producer Michael
Buy what you 💕 love, and when you’re done, sell it. You can’t do that with most gadgets (most TVs, cars, or tech) because you’ll loose 95% of your money, but with watches you get to enjoy it and only loose 10-25%. So it’s a fun hobby! But don’t look at it as an investment, look at is as fun 🤩
that was so fun! please make more negotiating videos