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I don’t know if this is already a thread or not. If so please point me in the correct direction.

I started collecting watches in about 2004 or so. Since then, as most of you, I’ve bought, sold, and traded. I was even gifted a few watches.

Through all this I made some good and bad decisions. Like not fully understanding the value of some pieces. I sold some items at times just because or I felt I needed a change. A few I REALLY kick myself over like a certain Bellmatic I once got from John(TigerUK). I guess we live and hopefully learn. So, I wanted to hear what mistakes others have made in this hobby that we love so much. Maybe knowing our mistakes can help other down the line.

Clinton


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I think if we are honest most of us have made mistakes one way or another Clinton but it is all part of the fun and if at the time it felt right then it was right, we can all look back and wish this that or the other but best just to learn from our "mistakes" and keep trying to move forward :)

At the end of the day they are just watches the most important thing we should get from them is some pleasure/happiness and you really can't beat happiness take it from a old guy :)
 

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Eighteen years ago I found an all original 1956 Rolex Sub 6536/1 (Chronometer) with original bracelet at a flea market/antique store. It was buried at the bottom of a glass diplay case. I was a complet noob to vintage Rolex then and assumed that it was a fake. I knew the owner of the store who told me if it was a fake, I could bring it back for a refund. I bought it for $700. Turned out that it was the real deal. I sold it that Christmas for $2,500. thinking that I had made a killing. Of course now it's worth at least ten times that.

My second worst mistake(s) happened in 2005. A friend contacted me stating that he had a watchmaker friend who was looking to sell two old Seiko divers for $500. I bought them without knowing much about them. One was a 6159-7001, the other a 6159-7010 Tuna. At the time, each were worth around $1.5K to $1.8K. Now as most know, a 6159-7001 can go for $6K-$8K...Doh!
 

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Discussion Starter #4
Eighteen years ago I found an all original 1956 Rolex Sub 6536/1 (Chronometer) with original bracelet at a flea market/antique store. It was buried at the bottom of a glass diplay case. I was a complet noob to vintage Rolex then and assumed that it was a fake. I knew the owner of the store who told me if it was a fake, I could bring it back for a refund. I bought it for $700. Turned out that it was the real deal. I sold it that Christmas for $2,500. thinking that I had made a killing. Of course now it's worth at least ten times that.

My second worst mistake(s) happened in 2005. A friend contacted me stating that he had a watchmaker friend who was looking to sell two old Seiko divers for $500. I bought them without knowing much about them. One was a 6159-7001, the other a 6159-7010 Tuna. At the time, each were worth around $1.5K to $1.8K. Now as most know, a 6159-7001 can go for $6K-$8K...Doh!
Just wow! In my maybe 14 years of collecting I haven’t encountered any of these amazing watches. I hope that when I do I can scoop them up.


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Eighteen years ago I found an all original 1956 Rolex Sub 6536/1 (Chronometer) with original bracelet at a flea market/antique store. It was buried at the bottom of a glass diplay case. I was a complet noob to vintage Rolex then and assumed that it was a fake. I knew the owner of the store who told me if it was a fake, I could bring it back for a refund. I bought it for $700. Turned out that it was the real deal. I sold it that Christmas for $2,500. thinking that I had made a killing. Of course now it's worth at least ten times that.

My second worst mistake(s) happened in 2005. A friend contacted me stating that he had a watchmaker friend who was looking to sell two old Seiko divers for $500. I bought them without knowing much about them. One was a 6159-7001, the other a 6159-7010 Tuna. At the time, each were worth around $1.5K to $1.8K. Now as most know, a 6159-7001 can go for $6K-$8K...Doh!
So you bought the 6159's? Where is the second mistake?

Rob

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