I'M SELLING MY WATCHES

This just shows me proof that watches are in fact NOT good investments.

The dealers are always saying what a great investment watches are, yet every time someone sells a watch they ALWAYS lose money.

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

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!

Whenever you buy it's at the height of the market and whenever you sell they say it's a bad time for watches 😂

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..!

They’re just laughing and taking the piss out of him as he loses money on every watch. But the worst part is he’s laughing along with them.

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.

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 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

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.

Yossi would give you 10,000 dollar for all of them.

Imagine if Michael tried selling all the astronomia he has? He bought each for one million. He would be lucky to get 100k for it. I always new those astronomias were a time bomb

That Daydate is way more than 65K. The Zietwerk for 80k is also crazy cheap. He definitely got finessed.

Michael is telling us that watches are avery good investment and now he is losing money in his investment🤣🤣🤣🤣🤣

These “happy” jewelers aren’t wrong, they’re happy to hustle you like they do their “good friend” Michael 😂

what a fun film thank you for the lively good humoured banter and openness about the 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