Rolex Flipping & TEN Reasons NOT To Buy A Watch: From Rolex Submariner To Patek Philippe Nautilus

The 2021 Rolex Submariner is among the most sought and price-inflated watches of the year. Since the launch of the new Rolex Submariner, watch collector have scrambled to get their hands on the latest version of the world's most famous dive watch. But despite a reasonable retail price of $9,550 in its celebrated "Kermit" green bezel form, used examples of the steel Rolex Sub have soared to a price of $25,000 on chrono24, eBay, and preowned watch sales websites. "Buying a watch to sell a watch" is one of the worst reasons to purchase a luxury timepiece. It frustrations patient customers of the brand in question, distorts marketplaces, cheats the most earnest and patient watch buyers, and brings disrepute to the watch hobby. While it is difficult to resist flipping a watch for a quick profit, many collectors do exercise restraint and do right by the watch collector's fraternity. Price inflation on watches like the Rolex Submariner Date 126610LV are driven by a combination of market demand and watch buyers who buy these watches to re-sell them. Around the world, frustration has built as prospective Rolex buyers have been told to expect years long waiting lists and scarce supply in showrooms. At the same time, VIP clients of Rolex, Patek Philippe, Audemars Piguet, FP Journe, and other premier watch brands have gained advance access to the most desirable new watch models. Often, early access begets profit-taking as buyers use their head-of-line privileges to buy models like the