Money for nothin...

[automatico]

I've seen prices for rolexjunk go up, up, up but this blew my hair back.   

 

Vintage Rolex 20 mm S/S Oyster Riveted Band Bracelet Parts 7206 End 58 | eBay

 

The link is dead.  Anyway, I have a box full of this stuff and can't not believe how much buyers will pay for it.  I never sold mine because I have watches for most of the bracelets.  

[freddy333]

I think there are a lot of DJ & Explorer builders/collectors today & a dwindling pool of decent gen 7206/58s. Hence, the skyrocketing prices.

As has been said, today's 'insane' vintage Rolex price is next year's missed opportunity. The last cherry gen 7206/80 I purchased a few years ago cost me $2,200. Today, similar condition steel Oysters are running closer to $3k+ -- & rising fast.

Complete 7206/58 = $2,500

 

Sometimes, it pays to be a hoarder. 

[automatico]

"Sometimes, it pays to be a hoarder."  

 

I wish I could convince my wife of that.  Ha!

When I go toes up there will probably be a yard sale a month later with everything $1 each...replicas and genuine, all in one pile.     

 

On a related subject:

The Feds dropped the $600 limit for selling items using PayPal, Venmo etc. before having to file a 1099K again...after doing the exact same thing last year.  A couple years ago it was $20K.

Looks like they are keeping the law in limbo to kill the incentive to make a few $$ on the side, like selling stuff on eBay...watch parts for example.

 

Another example of Feds In Your Face :

 

FBI Seized $86 Million From People Not Suspected Crimes. A Federal Court Will Decide if That's Legal. (reason.com)

 

Probably more than a few Feds sporting a stolen Rolex after the raid.

 

Locals In Your Face:

About 25 years ago, three City Cop Detectives (aka 'Defectives') grabbed my trading bag when I was walking across the parking lot to a knife and watch trading table at an outside trading post.  I asked for it back and one of them told me they needed to look in it first.  I told them it was watches and to give it back.  The guy who snatched the bag said: "there was a report of gun trading going on" and I was now a 'suspect' so they were going to keep the bag unopened (yeah sure), and I could pick it up at the station after letting them look inside at the station.  No warrant of course and since it was unopened, no list of the contents.  

I said again:  "It is only watches."

The smart azz Boss Detective asked:  "What kind of watches?"

I said:  "The kind you can't afford."

That really revved them up.

I grabbed the bag and started walking toward the other traders, 6 or 8 of them about 20 feet away, all seeing this unfold.  I told the Boss Defective (walking right behind me) that I had plenty of witnesses to what just happened so far, but if they wanted to stand by and see what was up for trade to come on over. 

They stood by the trading table while I opened the bag and took a few watches out.  There were already 25 or 30 watches out on the table.

One of the traders told them to Get The He!! Out if they did not want to trade or buy anything after a few minutes.

They left.  

If they kept the bag, chances are I would never have seen it again, or it would have been returned empty.    

[freddy333]

1 hour ago, automatico said:

"Sometimes, it pays to be a hoarder."  

 

I wish I could convince my wife of that.  Ha!

When I go toes up there will probably be a yard sale a month later with everything $1 each...replicas and genuine, all in one pile.     

 

There IS an alternative -- Kevin O’Leary Wants to Be Buried With His Watches

1 hour ago, automatico said:

On a related subject:

The Feds dropped the $600 limit for selling items using PayPal, Venmo etc. before having to file a 1099K again...after doing the exact same thing last year.  A couple years ago it was $20K.

Looks like they are keeping the law in limbo to kill the incentive to make a few $$ on the side, like selling stuff on eBay...watch parts for example.

 

If I did not know better, based on their actions (for all but 4 of the past 15 years), I might think the US government is a domestic enemy.

"I, _____, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me, according to regulations and the Uniform Code of Military Justice. So help me God." -- US Army oath of enlistment (Title 10, US Code)

[automatico]

"There IS an alternative..."

 

Yes, I watched Liz Claman's interview with Kevin O'Leary a few days ago, he has some super fine watches.  Very Expensive!  but he can afford them.

 

"If I did not know better, based on their actions (for all but 4 of the past 15 years), I might think the US government is a domestic enemy."

 

Agree. 

I keep a sharp lookout now when in parking lots, buying gasoline, entering banks, convenience stores etc. because of today's   'It's All Free!  No Bail!  No jail time!'  policies in many states.  This is not a 'progressive area' but new arrivals may not know that and want to try their luck at a nefarious deed or two...like stealing a watch or car from an individual.

Besides that, there are all sorts of scruffy, shifty-eyed characters milling around, especially during the summer months.  

It never used to be like that.

It makes me wonder why.

Open borders maybe? 

Naaa.

That couldn't be it.

The border jumpers are all valedictorians just lookin' for a job.    

 

I told the story about the shake down in a parking lot years ago in a larger city close by, and I will say our local police force has some very good officers on it.  Most are in their 30s/40s and are fair with the regular citizens and very strict with goofball offenders.  The Judges do not care too much for goofballs either.

Otoh, a lot of progressive types have moved here to get away from their he!! hole cities and most of them are not very friendly to locals and do not like our laid back attitudes.  Many want Change! Now!  Not the good kind either.

 

That's my situational anger rant for a while with no mention of political parties.  I am simply stating the way it is from my perspective.

 

Luxury watch market booming with 35 and under age group as demand grows | Fox Business Video

 

Luxury watch thefts on the rise - but £3m of them were recovered last year by a team of specialist hunters, including this £21k Rolex... | This is Money

 

 

[freddy333]

3 hours ago, automatico said:

It never used to be like that.

It makes me wonder why.

Open borders maybe? 

Naaa.

That couldn't be it.

The border jumpers are all valedictorians just lookin' for a job.    

"It's time to reboot the United States back to 21 November 1963. While not perfect, the United States was a safer, freer, cleaner and more productive place for law-abiding Americans to live and work. The "Great Society" has been a failure, resulting in increased violence, regulation, filth and loss of productivity. It's time." -- posted to the book of Zuckerberg 2018

[mymanmatt]

I have gen yachtmaster dial. lol I would take 1/3  of that and be happy happy.