Certain Watch Investment

A friend of mine has been doing such buy and sell of certain goods: Watches for more than ten years.
These are some of the items he has done in the past five years which is having pretty good return.


1. 2017 Rolex Daytona 16520 A series black NOS full set Bought $130,000 - sold in 2018 to an Italy Buyer $180,000 -Nett Profit $50,000
2. 2018 Two Rolex Daytona 16520 A series NOS full set bought $250,000 - sold two weeks later to a USA famous Buyer $300,000 - net profit $50,000. if he sells now, he can extra more $120,000.
3. 2017 Bought a Rolex Submariner 16618 Onyx dial with $178,000 - sold this year to a US car agent owner $330,000- net profit $152,000
4. 2016 Bought a Rolex Daytona 16618 Drop logo invested 6 with $180,000- sold to a Philippine PWC watch club member $250,000 - net profit $70,000
5. 2017 Bought a VC 222 in HK from a collector with $160,000 - sold two year later to a HK Collector $180,000- net profit $20,000
6. 2015 bought a AP RO solid gold 5402 with two digit S/N number HK$100,000 - sold in 2017 to a Philippine Collector $250,000 - net profit $150,000
7. 2017 Bought a Rolex Daytona 16528 invested "6" with $150,000 sold to a Macao Collector $200,000 one month later.- net profit $50,000
8. 2009-2012 Sold numerous Rolex Day Day solid gold 1803 with estimated profit of $250,000


Current item plan to sell... he told me one of them
Bought a Patek which belongs to the Ex Philippine President with $200,000 and plan to sell in auction in Philippines and promise to donate 50% of the auction money to support the poor people via charity donation.  After the auction house commission and charity donation , target net profit $200,000.


He does not want me to disclose his names as he is afraid of tax issue in HK.
Money shown here is HKD.


Moral of the story is that if you can made some candy money out from your hobby is SWEET!


HK Snob