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!
The market has crashed since Covid, they aren't lying about the huge price reductions. To be honest they're giving him a generous deal just because he's a committed customer, I don't think he'd get better prices anywhere else for same day sale
It wasn't like a massive loss, was it, but he can take it, PM knows more than he puts on. Its for entertainment purposes as far as I can tell. And having all these comments does well for the video. continued blessings of abundance and wisdom.
All the resellers of any kind are scammers. Hes giving them free advertising that could run 10s of 100s of thousands of dollars. Poor business skill. Short-term money oriented guys. Hope they all go out of business. They only target super rich who will buy whatever they want and dont care about the 1000$ or 2000$ extra. For normal people, its such a bad place
What a blessing Producer Michael can take a loss like that with a smile on his face. I know for me, a pensioner living in Central America because I can afford to rent a small house w/garden, that is a butt load of money. I love watching well off people buying watches, cars and elaborate houses. I am so happy they make videos. I have a really good life, I am by no means complaining. The two gentleman are also fun to watch. Great job Adam for all your funnies
Yes they are.. he just bought a lot of stuff when the prices were at their highest.. and now he’s trying to sell them at a very low time so obviously he’s going to lose
It's actually because Michael has a relationship with them and those watches were acquired from HJ anyway. I haven't dealt with them so I don't know if they are sharks or not. However, no one is forcing you to sell to them. Michael knew he would get prices over the market value due to previous dealings, being a loyal customer, etc. And being on camera didn't hurt either.
@@Alex_Donnovan dealers are born to be sharks lets make this clear,their relationship is only a business relationship ,they come from a different part of the world (or background)where Michael is from .
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.
You had the benefit of choosing between 35 watches in order to find the 4 that you really like. You might have lost a lot of money in the process but that's what you got - 4 watches that you love, that you might not have bought if you did it differently.
@@Philip_Taylor This is very true. I don't regret a single purchase. At every time they gave me pleasure and pride of ownership, but now through the benefit of hindsight and experience, I've learnt to evaluate potential purchases more rationally instead of succumbing to the short term dopamine fix they provide. Working well so far.
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 did see it too…… there was a moment, a short one, and you could feel the discomfort, the nervous laughs, the smiles which were not genuine. But it’s all part of business. It IS true however that the jewelers have to lay out the money from their own pockets immediately while the watches they buy back from you could sit on the shelf for a long time. The mind is a funny thing because you see a watch and suddenly you make a connection with it and you will do everything in your power to obtain it. Then over time the connection wanes, it fades and suddenly one day you want to trade it or sell it for the next best thing. And you lose money selling it BUT….. and this is VERY IMPORTANT TO REALIZE. If you take your calculator out and divide the amount you lost in selling it by the amount of time you had it the loss is VERY VERY SMALL. For example let’s say Producer Michael lost $27,000 on the Lange in white gold but he had it for 5 years. Basically he lost $103 a week or about $15 a day.
@@omar1818 its a business that has ALOT of yappin about how watches are great investments nd then the prices magically go down as u need to sell. great thing is the resellers are finally catching on and will hopefully move on so people who WILL actually buy, wear, and keep their watche3s get them at a better price without all these thirsty middlemen DBs.
Ehhh. I doubt Michael feels any animosity. Both sides understand this is just business. Michael knows he’s gonna lose money on these watches. They know Michael knows this. It’s all business.
If michael really wanted to make his money back or profit he wouldn't be selling them to middlemen. He would sell them directly. If he did that he wouldn't be losing nearly as much maybe even break even or profit. He probably doesn't see it as worth his time. This is a millionairs version of a garage sale.
We don't know how much he needs not to miss out on the investment opportunity that he mentioned (the whole reason why he's selling the watches in the first place). And we don't know how good the investment opportunity is and how the loss on that watch would compare to the profit he'll have on that.
It’s very classy and the fact that mass produced Rolexes are rising in prices, while Langes depreciate shows how ridiculous the watch market is. Oversaturated with posers who buy brand names over quality and craftsmanship. I do however think that it is too elegant for Michael’s exotic and flamboyant style.
@@hugotipplelmao this guy has money in the bank for those “investments “ Michael is hearing of a watch crash in the industry so he is getting out while he can on watches he doesn’t want
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.
Absolutley correct. And that is why some are good in finacial stuff and some aren’t. Absolutely idiotic to buy watches as an investment and never wear them…
Absolutely wrong calculations here… 4% interest per year would actually be losing you around 16% per year on the money that you blew on these watches. You’re not figuring in the devaluation of the US dollar at all. You would have to be making 20% on your money per year in order just to stay even with, the evaluation of the US dollar. For instance, in 2019 $100,000 if held in cash would buy you about $54,000 worth of actual stuff today. And with your piddly 4%, that would bring you to a 16% loss per year
Producer Michael better be a better financial mind then his other “Investments“… The only thing I see that he has talent in is blowing huge amounts of money
@CampDavidTraining think about what you wrote. Inflation is bad for everyone, unless you shorted the dollar. If you just hold on to your money, you would lose your 4% annually, and the inflation. So the inflation is a given, and shouldn't be entered in the calculation ( again, unless you are positioned to gain from it).
World in war and people starving. 3 idiots standing next to each other, 2 of them car salesman trying to make jokes and small talk to a rich guy and a cameraman. What a time to be alive
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..!
@@timetraveler_0 uhm selling watches is poor mans thinking. Why would I sell watches when I have more than enough liquid cash to do what I want? Only poor people need to sell of their collections
anybody who truly loves watches shouldnt support a company that makes you buy 10 watches just to be maybe be put on a list for a limited watch 🤧 this is a sh!tty tactic that they exploit on a yearly basis, they are like apple only in it for over inflating profits that are not worth sticker price...
@@jacksonsmith5490 They don't care about losing a couple of grand as the video likely paid for the complete watch. To most influencers we are nothing but a meal ticket.
The fact that you sold the Lange Sohne and the Rolex celebrations leads me to believe that Michael doesn't really enjoy these watches. He is just buying them to flip it for profit. The Lange especially is such a beautiful piece. I used to believe Michael was a true watch aficionado.
Michael has never been a true watch collector. He started off with lots of bling jewelry watches with after market diamonds. He then found out how much money he loses buy those things so he started switching to the standard watches and whatever has hype at the time (e.g. Richard Mille). He's never cared about the complications or the horology, only that they "look" good.
Not all investments pan out kiddo otherwise everyone would be a billionaire, but you miss every shot you don't take so you have to try, in order to be successful
When a lot of Asian buyers (mainly Chinese) stopped buying watches (also wine) it changed the market. Chinese watch collectors sent prices sky high but now they are coming down to where they should have been. (The wealthy are feeling pressure from the government).
Michael spent the last 3 years telling us how much money he made on watches, and now we see what really happens when the market changes. It doesn't always go up. Next year it will crash.
Just wondering when you might do a follow up with Nile Niami? Just wondering what came of him after he lost The One. Also any chance of an interview with the new owner as it would be interesting to see what's changed since Nile? Did they finish everything such as the industrial kitchen & did they get certificate of occupancy? I feel like many of your subscribers deserve a follow up as those videos are how many of us found your channel. Like if ya'll wanna see it.
This is really entertaining , I definitely enjoy producer Michael’s elocution and style, and his sense of humour, though his sartorial tastes are somewhat repulsive, well done producer Michael ! Keep it up !
The liquid part made me laugh. Cash is the most liquid, followed by stocks and bonds. Luxury watches are actually fairly illiquid assets, these days I'd even argue that the used car market is more liquid because the bid/ask spread is tighter and there are more buyers. The only assets I can think of that are less liquid than luxury watches are real estate, art, and businesses.
@@MinoYTD yes, any material object can be a liquid asset if you price it at an extreme discount, but by the way the watch guy says it he spins it as a positive LOL
Imagine somebody selling you stuff then buying it back for a loss of over 30k and they are like it's not bad. No really you did good. Watches are a great investment 😂
The market value of these watches are way too high than what he sold for, if he sold on the internet or on 47th street he’ll make money on most of these watches, those mfs ripped him off
There's something about jewellers finessing 'extravagant' men (the ones who like shiny objects) that seems to a recurring theme throughout history. It's something that I can't even be mad about. It's just the nature of the game.
Not really a 35k loss considering these are luxury items for self indulgence. They kept up well. Rick from Pawn Stars would have offered you 35,00 for the entire lot cause you would be walking out with 100 bills cash and he would be taking all the risk.
He paid 35k for the "self indulgence" of never wearing them. He actually said it. In truth, he lost much more than that, because even putting all that money away in a savings account would probably generate 4% yearly. So would you pay around 70k for the privilege of keeping watches in a safe?
@@4747da That's true for most of us but not him if you really think about it. I mean what would he do with the extra money? Spend it on something similar. The thing is he can afford to lose 35k for the pleasure of keeping these things in the bank.
There is no way any of us get the same kind if deal if we go in there - its a great video, but the fact they discussed prices before hand, makes this a PR piece where they both push their own agendas and not genuine, which is not what we expect from the channel. We expect you to be authentic guys. This is a huge let down in my opinion, Michale.
"Huge let down"😂 God, you're a crybaby. You've not even been in with the same watch to ask. You're just bawling your eyes out over an imagined injustice.
I appreciate all items can take a drop. Its amazing how many older people put money in high end watches and Art in the UK. As an easy asset to pass on to family and be hidden from the care home fees assessments in later life🙂
I would never buy a thing from them again..they have shown their true colours...they want to take your money on both ends and give as little as possible back
If they didn't do so, they'd be bankrupt pretty soon. Keep in mind, they're taking the risk of purchasing and holding the inventory for a period of time when prices could drop.
@@isigrofloyd4581 What you’re feeling is consumer price gouging. Inflation is roughly stable at 3 percent. Prices have gone up 150-200% for certain goods. That’s not inflation. That’s just companies lying to you and using the fairy tale of a “bad economy” to justify their price gouging. It becomes evident when you look at the financial statements of companies. They’re all raking in record profits because their margins have tripled or quadrupled. You’re being scammed, don’t fall for it.
The irony is, if he had invested is millions in a sausage factory, he be well ahead by now, can't beat a good sausage first thing in morning, sets you up for the day
People have the wrong impression of Michael. He has a strange mindset where he puts all his money into buying assets so he looks much wealthier than he actual is. Instead of having millions in stock market investments he buys millions in watches, cars, and houses.
35 Large is not crazy??? Thats 15 gold bars.. You Rich guys are playing for keeps. Me 35 Large loss im selling everything including these retro jordans on my feet,.
@@TB4L505I'l never have a trillion I couldn't sleep at night knowing its babies starving round the globe. THATS GLUTTONY! Give me 2 million im gucci the poor a have the rest. And you think im watching this and broke? HILLARIOUS 😆
Watches are not for investment. I don't have 230K but even if I do have in future, would never buy an original one. Bought a superclone from wristova, it looks exactly the same and all that matters is I am happy when I wear the watch!
They offered him more than he would have gotten anywhere else for those rolexes. It's crazy how many people don't realize that the markup on the things they buy is normally 30-50% and that's what it takes to have employees, pay the rent, keep the lights on, etc.
Those bigger ones are really heavy and the leather straps make them sit weird on the wrist. They also are expensive to service, but they are really beautiful.
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
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!
FACTS!!!
You simpleton, do you think they are in business NOT to make money?
The market has crashed since Covid, they aren't lying about the huge price reductions. To be honest they're giving him a generous deal just because he's a committed customer, I don't think he'd get better prices anywhere else for same day sale
It wasn't like a massive loss, was it, but he can take it, PM knows more than he puts on. Its for entertainment purposes as far as I can tell. And having all these comments does well for the video. continued blessings of abundance and wisdom.
All the resellers of any kind are scammers. Hes giving them free advertising that could run 10s of 100s of thousands of dollars. Poor business skill. Short-term money oriented guys. Hope they all go out of business. They only target super rich who will buy whatever they want and dont care about the 1000$ or 2000$ extra. For normal people, its such a bad place
Whenever you buy it's at the height of the market and whenever you sell they say it's a bad time for watches 😂
Never ever trust a dealer. Never. They’d sell their mother.
@@trisinogy "Its a good time for mothers, buy my mother for a good price now. Best time to buy."
@@ridiak3637 🤣🤣🤣🤣
Well.. it actually IS a bad time for watches, but I'm sure you're right either way!
It really was the height of the market when trump was running things everyone was making cash and there were no needless wars.
The dealers are always saying what a great investment watches are, yet every time someone sells a watch they ALWAYS lose money.
Only really in recent times certain rolex and patek models. Everything else more or less you lose money on.
This business is all about finding suckers, who pay 6 digits, for an item worth 4.
Wholesale vs Retail pricing
Obviously 🙄 they gotta make some money to !! It isn’t a charity ! Durrrhhhhhu
they want to sell their watch? Great sales. Make you buy it
I love how they preach how good Watches are as an investment, and then fleece him on the Watches he bought
cant spell jeweler without jew
That's why talk is cheap and I never trust nobody
Does anyone else feel like they need a bath after watching literally everyone in this video?
What a blessing Producer Michael can take a loss like that with a smile on his face. I know for me, a pensioner living in Central America because I can afford to rent a small house w/garden, that is a butt load of money. I love watching well off people buying watches, cars and elaborate houses. I am so happy they make videos. I have a really good life, I am by no means complaining. The two gentleman are also fun to watch. Great job Adam for all your funnies
Michael is very entertaining and a charmer.
This just shows me proof that watches are in fact NOT good investments.
Not all of them. Rolex are
Depends on the watch and how much you paid. I consider watches a store of value plus you get to enjoy them.
Yes they are.. he just bought a lot of stuff when the prices were at their highest.. and now he’s trying to sell them at a very low time so obviously he’s going to lose
He just bought wrong. He doesn't really know watches
thats like saying the stock market isnt and investment because it dips sometimes. They can go up all the time, there has to be retracements
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.
It's actually because Michael has a relationship with them and those watches were acquired from HJ anyway. I haven't dealt with them so I don't know if they are sharks or not. However, no one is forcing you to sell to them. Michael knew he would get prices over the market value due to previous dealings, being a loyal customer, etc. And being on camera didn't hurt either.
They are not sharks but they are very good people. Go in and buy a watch from them.
Maybe go visit the store and speak from experience instead of being major asshat
Michael is doing the same though?
@@Alex_Donnovan dealers are born to be sharks lets make this clear,their relationship is only a business relationship ,they come from a different part of the world (or background)where Michael is from .
Happey Jewlers has a Dark Aura around them no matter how Happy they pretend to be...
🎯I totally agree ! They seem like shisters. NEVER WATCH THEM AGAIN🤢🤢🤢🤢
Absolutely extremely Dark Aura.
Very accurate and I agree 💯
...and combined with Michael's "I'm a man child" aura, it's uncomfortable to watch.
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.
“All of a sudden I had 35” 😅 I felt that. 😂
I do the same thing
Depends when you bought them , I bought a watch for 9k even now with the market crash it’s worth 15
You had the benefit of choosing between 35 watches in order to find the 4 that you really like. You might have lost a lot of money in the process but that's what you got - 4 watches that you love, that you might not have bought if you did it differently.
@@Philip_Taylor This is very true. I don't regret a single purchase. At every time they gave me pleasure and pride of ownership, but now through the benefit of hindsight and experience, I've learnt to evaluate potential purchases more rationally instead of succumbing to the short term dopamine fix they provide. Working well so far.
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 did see it too…… there was a moment, a short one, and you could feel the discomfort, the nervous laughs, the smiles which were not genuine. But it’s all part of business. It IS true however that the jewelers have to lay out the money from their own pockets immediately while the watches they buy back from you could sit on the shelf for a long time. The mind is a funny thing because you see a watch and suddenly you make a connection with it and you will do everything in your power to obtain it. Then over time the connection wanes, it fades and suddenly one day you want to trade it or sell it for the next best thing. And you lose money selling it BUT….. and this is VERY IMPORTANT TO REALIZE. If you take your calculator out and divide the amount you lost in selling it by the amount of time you had it the loss is VERY VERY SMALL. For example let’s say Producer Michael lost $27,000 on the Lange in white gold but he had it for 5 years. Basically he lost $103 a week or about $15 a day.
Its not personal, its business
@@omar1818 its a business that has ALOT of yappin about how watches are great investments nd then the prices magically go down as u need to sell.
great thing is the resellers are finally catching on and will hopefully move on so people who WILL actually buy, wear, and keep their watche3s get them at a better price without all these thirsty middlemen DBs.
Ehhh. I doubt Michael feels any animosity. Both sides understand this is just business. Michael knows he’s gonna lose money on these watches. They know Michael knows this. It’s all business.
If michael really wanted to make his money back or profit he wouldn't be selling them to middlemen. He would sell them directly. If he did that he wouldn't be losing nearly as much maybe even break even or profit. He probably doesn't see it as worth his time. This is a millionairs version of a garage sale.
These “happy” jewelers aren’t wrong, they’re happy to hustle you like they do their “good friend” Michael 😂
Straight hustled.
These people don’t do any real work just sell a watch and make 5-10k on it in a minute
Tbh Michael got good deals on these, usually selling to a dealer they'll rip you off big time.
Bro its business
@@MyGUNZ123 You’ve obviously never operated a business. It’s work.
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
Jacob's watches will hold there value a lot better, especially when he stops making them.he has a huge name on them.
Just buy Gold if you want to secure money and buy crypto. If you want to knvest
@@pasqualecuda5165Lol what
@@jp8293 yes, buy gold at the ATH and Bitcoin at the ATH xDDDDDDDDD
Jacob’s lol those are probably fakes if you look at them closely
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.
He is covering the difference with this uploaded youtube video!
He's very rich makes no difference
He’s not doing the same laugh they’re doing
That's because losing 30k is absolutely nothing for him, it's pocket change. So he can laugh about it.
why he's losing money?😢, i will change my mind i will buy gold instead of watches
My $30 watch has a calculator.
Casio?
I don't envy u 😁
My $50 temu watch has a torch 🔦😂
Man, to lose 40k on the A Longe, shoulda kept it. That watch is hella classy
We don't know how much he needs not to miss out on the investment opportunity that he mentioned (the whole reason why he's selling the watches in the first place). And we don't know how good the investment opportunity is and how the loss on that watch would compare to the profit he'll have on that.
It’s very classy and the fact that mass produced Rolexes are rising in prices, while Langes depreciate shows how ridiculous the watch market is. Oversaturated with posers who buy brand names over quality and craftsmanship. I do however think that it is too elegant for Michael’s exotic and flamboyant style.
…It’ll be in that store for less than a week
@@hugotipplelmao this guy has money in the bank for those “investments “ Michael is hearing of a watch crash in the industry so he is getting out while he can on watches he doesn’t want
@@416jr yep, that's a good explanation too. ANd maybe more realistic than mine.
Michael is telling us that watches are avery good investment and now he is losing money in his investment🤣🤣🤣🤣🤣
They where a few yrs ago not no koreb
This is click bait not a true video. Happy would NEVER pay that much for preowned watches don’t kid yourself.
All 3 of you a brokies lmaoo report that one
Lmfaooo broke boys in comments
You have to buy after the pumped prices
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.
Absolutley correct. And that is why some are good in finacial stuff and some aren’t. Absolutely idiotic to buy watches as an investment and never wear them…
I bought three hulk rolexes paid 9,000 each sold all three for $24,000 not the greatest deal but not the worst
Absolutely wrong calculations here… 4% interest per year would actually be losing you around 16% per year on the money that you blew on these watches. You’re not figuring in the devaluation of the US dollar at all. You would have to be making 20% on your money per year in order just to stay even with, the evaluation of the US dollar. For instance, in 2019 $100,000 if held in cash would buy you about $54,000 worth of actual stuff today. And with your piddly 4%, that would bring you to a 16% loss per year
Producer Michael better be a better financial mind then his other “Investments“… The only thing I see that he has talent in is blowing huge amounts of money
@CampDavidTraining think about what you wrote. Inflation is bad for everyone, unless you shorted the dollar. If you just hold on to your money, you would lose your 4% annually, and the inflation. So the inflation is a given, and shouldn't be entered in the calculation ( again, unless you are positioned to gain from it).
That Daydate is way more than 65K. The Zietwerk for 80k is also crazy cheap. He definitely got finessed.
Not finessed. U mean scammed.
I would expect nothing less from a Jewish jeweler.
They probably made a few millions off of Michael's poor life choices
Was a beautiful watch
World in war and people starving. 3 idiots standing next to each other, 2 of them car salesman trying to make jokes and small talk to a rich guy and a cameraman.
What a time to be alive
gotta love a Producer Michael video to watch while eating.
I do exactly the same, watch while eating my dinner
@@Martinjp147 Me too!
Me too ! Always good food with good videos like producer michael
Yall got No one to eat with ?? Parents ? Wife??? Only Ur Phone??
@@VetiverNson No. Nobody.
Adam definitely cracked the glass it’ll be with Michaels total 😂
The Lange sold recently and was listed for $105,000
These guys are scammers
@@animalhouse2720 No, they are businessmen. They are there to mama a profit, Cholo.
It’s a risk tbh bc since that watch isn’t a fast mover
@@animalhouse2720 100%
Michael got swindled
Michael certainly brought them millions of dollars and they literally ripped him off on every watch! I would never buy or sell anything to them!
Me neither. All the advertising Michael gives them. WELL, I don’t people will be buying from HAPPY now.
The scum bags ripped him off hard 😅
Nobody is forcing Michael to shop there. Stop whining
Watches are an investment 😂😂😂😂😂😂🤣🤣🤣 Funniest thing I ever heard!
Should've kept the Lange and got rid of everything else. Stunning piece.
The Lange & Söhne watch was the best watch of the group with that minute repeater. I absolutely love the way it looks!
Minute repeater watches are always breaking down and are very expensive to fix from a watch maker
That’s not a minute repeater 🤦♂️
“I absolutely love this watch, but I’ve never worn it” WTF - can’t have loved it that much !
right? like not even once, for like an hour?
He did. He either is lying or he forgot. There’s a video of him wearing it talking about his other watches. And then taking it off to talk about it.
@@maxgilbert7547 I do vaguely remember that, he probably forgot
He isn’t a watch collector; he thought they were good investments
He just have too much
Phew I nearly fell of my chair when I saw Michael selling that AP. It is stunning and just had to stay in his collection!
6:40 Michael: let me look at my little thing here...!
Adam: Excuse me??? haha
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.
Yes. Only the hype watches. If he’d brought 7 Daytonas in he’d have done great.
Yossi would give you 10,000 dollar for all of them.
Yossi : Best i can do is 10.000 and i 'm taking a risk here
"It has paper, everything."
And then mug you outside.
Why don't we make deal for this watch. This watch you cannot buy. I have 3 of them.
Yossi: You can’t have this, they don’t make them anymore. I give you $500 for all and give you OJ’s second glove.
Always like the vibes these videos Give thanks Michael and Adam and crew😊
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..!
Metalor yeah
good to see Michael decluttering his stuff.. We getting old we dont need tons of stuff in our closet
Noo you cannot sell the Lange. That is your best watch!
But he's right I've never seen him show it in a video
@@nikkimiddlekillsday5161he wore it for a full video before. And also took it off to talk about it.
He investing, he can be back and buy again from the gains and have money left over. Stop thinking poor.
@@timetraveler_0 uhm selling watches is poor mans thinking. Why would I sell watches when I have more than enough liquid cash to do what I want? Only poor people need to sell of their collections
@@timetraveler_0 how dumb r u ? He just took a hit on lange
This was so much fun to watch! Love producer Michael - most authentic watch u-tuber out there😊😊😊😊
I learned my lesson on Rolex long ago buy it to love it don’t buy it to profit
anybody who truly loves watches shouldnt support a company that makes you buy 10 watches just to be maybe be put on a list for a limited watch 🤧 this is a sh!tty tactic that they exploit on a yearly basis, they are like apple only in it for over inflating profits that are not worth sticker price...
@@jacksonsmith5490 They don't care about losing a couple of grand as the video likely paid for the complete watch. To most influencers we are nothing but a meal ticket.
no kidding.....i rather buy gold or a home.
@@jacksonsmith5490 you get screwed everything you do in life.....the but odds are different.
@jacksonsmith5490 but you can buy it on a trading account as a future ir spread bet it with no issues. There's always a way.
@17:55 Now THAT is watch!! My god that's stunning.
The fact that you sold the Lange Sohne and the Rolex celebrations leads me to believe that Michael doesn't really enjoy these watches. He is just buying them to flip it for profit. The Lange especially is such a beautiful piece. I used to believe Michael was a true watch aficionado.
He has 2 of that rolex
@@theofficial_harsh who purchases two watches of the same model, if not to profit from selling one of them?
@@pasttimer27what’s wrong with making a profit if you already have the same watch lol
Michael has never been a true watch collector. He started off with lots of bling jewelry watches with after market diamonds. He then found out how much money he loses buy those things so he started switching to the standard watches and whatever has hype at the time (e.g. Richard Mille). He's never cared about the complications or the horology, only that they "look" good.
@@iPolitely um... That's why the prices of these already overpriced watches go up.
"ohh watches are great investments" "they hold there value" yeah right!!
They was true until the crash. He isn't saying it now.
they did before all the hypeflation during covid, now they are coming down to their actual value
Not all investments pan out kiddo otherwise everyone would be a billionaire, but you miss every shot you don't take so you have to try, in order to be successful
When a lot of Asian buyers (mainly Chinese) stopped buying watches (also wine) it changed the market. Chinese watch collectors sent prices sky high but now they are coming down to where they should have been. (The wealthy are feeling pressure from the government).
They do when you buy at the right time and sell to private. Selling to a dealer costs you around 10-15%.
Watches are not a investment. Watch collecting 101
Lots of people were fooled a few years ago.
Dealers say it’s an investment when you buy but when it’s time to sell they lowball you or offer way less.
Same goes for diamonds
@@nickg4877 diamonds are possibly the most artificially inflated thing on earth
@@nickg4877 Diamonds are much worse, the spread on them is very high, but the market is starting to get wrecked by the lab grown diamonds.
Michael spent the last 3 years telling us how much money he made on watches, and now we see what really happens when the market changes. It doesn't always go up. Next year it will crash.
Its still overpriced. Dealers cant get rid of watches for those prices. Im expecting a decline of at least 50% in the next years
Don't be so stupid@@heinrichschmitz8964
@@heinrichschmitz8964 i hope youre right and a few more years like that and all watches will be as good as free
COVID definitely skewed it all.
@@heinrichschmitz8964 Hopefully yes!
Just wondering when you might do a follow up with Nile Niami? Just wondering what came of him after he lost The One. Also any chance of an interview with the new owner as it would be interesting to see what's changed since Nile? Did they finish everything such as the industrial kitchen & did they get certificate of occupancy? I feel like many of your subscribers deserve a follow up as those videos are how many of us found your channel. Like if ya'll wanna see it.
The update is that he pretty much went completely broke and now he's trying to be one of those instagram/tic tok influencers.
This is really entertaining , I definitely enjoy producer Michael’s elocution and style, and his sense of humour, though his sartorial tastes are somewhat repulsive, well done producer Michael ! Keep it up !
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
The liquid part made me laugh. Cash is the most liquid, followed by stocks and bonds. Luxury watches are actually fairly illiquid assets, these days I'd even argue that the used car market is more liquid because the bid/ask spread is tighter and there are more buyers. The only assets I can think of that are less liquid than luxury watches are real estate, art, and businesses.
How the hell are watches liquid assets, in fact they are very illiquid.
@@rationaloperator4165 , he is somewhat right. You can get money easily and quickly for your watches, just not the amount you would like.
Liquid assets are items that u can turn to cash quickly when u need. Nothing to do with profit/loss
@@MinoYTD yes, any material object can be a liquid asset if you price it at an extreme discount, but by the way the watch guy says it he spins it as a positive LOL
This is the business model right buy for the least sell for the most and keep smiling all the time.
Imagine somebody selling you stuff then buying it back for a loss of over 30k and they are like it's not bad. No really you did good. Watches are a great investment 😂
The market value of these watches are way too high than what he sold for, if he sold on the internet or on 47th street he’ll make money on most of these watches, those mfs ripped him off
“ i absolutely love love love this watch but I never worn it 😂 that’s our Michael
There's something about jewellers finessing 'extravagant' men (the ones who like shiny objects) that seems to a recurring theme throughout history. It's something that I can't even be mad about. It's just the nature of the game.
4:40 Micheal your a legend! for keeping the proof of their offers they was stressed lool don’t go to them no more 💯
Michael don't you dare you say watches as good investment again ever 😏
Maybe you should look up the prices of the watches
I priced a Zeitwerk in Dubai last month at an AD. It was $150K
That Bling Bling Rolex is absolutely stunning! I would have kept that, havent watched the whole video yet, but what a stunning watch!
Watches are a luxury. You buy it because you like it. I'd buy a watch to remember an occasion which means a lot to me.
Not really a 35k loss considering these are luxury items for self indulgence. They kept up well.
Rick from Pawn Stars would have offered you 35,00 for the entire lot cause you would be walking out with 100 bills cash and he would be taking all the risk.
… and it’s probably going to sit on the shelf for a LONG time 😂
ahahaha
He paid 35k for the "self indulgence" of never wearing them. He actually said it. In truth, he lost much more than that, because even putting all that money away in a savings account would probably generate 4% yearly. So would you pay around 70k for the privilege of keeping watches in a safe?
@@4747da That's true for most of us but not him if you really think about it. I mean what would he do with the extra money? Spend it on something similar.
The thing is he can afford to lose 35k for the pleasure of keeping these things in the bank.
i mean it's better then most cars for example
Michael your gona get black listed for flipping watches from the ad 😂
I was thinking the same thing.....if that was one of us
There is no way any of us get the same kind if deal if we go in there - its a great video, but the fact they discussed prices before hand, makes this a PR piece where they both push their own agendas and not genuine, which is not what we expect from the channel. We expect you to be authentic guys. This is a huge let down in my opinion, Michale.
lol
"Huge let down"😂 God, you're a crybaby. You've not even been in with the same watch to ask. You're just bawling your eyes out over an imagined injustice.
Maybe Michael needs some speedy Cash for future unexpected difficulties 😂
You know times are tough when Producer Michael is selling his watches.
Next episode - targa top porches being sold for an “investment” 😅
selling stuff you dont need does not neccessarily means tough times...
@@luihedit does.
It means not enough passive cashflow to sustain lifestyle.
@@marcuschonglanceanderson2390 Why go into your cash flow when you have assets sitting there doing nothing
Investment oppertunity = short on cash
Getting out of a poor investment. Watches are dead now.
@@BobbyDazzler888
Aye
@@BobbyDazzler888They are jewelry. He could easily keep them and wear them. He needs money.
Michael is investing in keeping a roof over his head. What does Michael produce?
@@chetmyers7041 he’s a record producer
Proving watches are Not an investment. The two from Happy Jewelers look and sound like low-end crims.
They look and sound like any other jewish watch merchants on 47th Street in NYC.
What a low status comment..!
I appreciate all items can take a drop. Its amazing how many older people put money in high end watches and Art in the UK. As an easy asset to pass on to family and be hidden from the care home fees assessments in later life🙂
Great Video Mike 🎉 havnt seen you on here for while, nice to see your collection again...any new stock lol??
You know the economy is a disaster and times are hard, when Michael sells his watches and takes a 35K loss.
Yeah it’s screwed in the U.K. also
what a fun film thank you for the lively good humoured banter and openness about the prices.
I'm shocked and hurt that he sold the A Lange. Multiple videos saying it was his favorite watch and how much he loved it.
He also said he's never worn it. It still had the tags from when he bought it
So happy he won the coin toss . I bet the guy is the white shirt couldn't sleep that night XD
It always amazes me how much beauty and precision are added to the parts of AMZWATCH's watch 99% of people will never see.
LOL love the ending, can't wait for that video!
The Lange was a keeper for the vault.
Michael, out of all the watches you ever bought, that Lange was the classiest.
I would never buy a thing from them again..they have shown their true colours...they want to take your money on both ends and give as little as possible back
Yea it’s called capitalism
If they didn't do so, they'd be bankrupt pretty soon. Keep in mind, they're taking the risk of purchasing and holding the inventory for a period of time when prices could drop.
It nothing personal, it's strictly business, and there is a sucker born every minute, this time his name is producer Michael 😂
That's business
It’s a watch shop not a charity shop imagine how much the bills are on trading there
Even Producer Michael feel inflation, selling his watches.
This video shows the exact opposite of inflation.
Your right bro we all feeling it
The fact that he wants to liquadate assets to make a investment has zero to do with inflation.
@@isigrofloyd4581 What you’re feeling is consumer price gouging. Inflation is roughly stable at 3 percent. Prices have gone up 150-200% for certain goods. That’s not inflation. That’s just companies lying to you and using the fairy tale of a “bad economy” to justify their price gouging. It becomes evident when you look at the financial statements of companies. They’re all raking in record profits because their margins have tripled or quadrupled. You’re being scammed, don’t fall for it.
downtown of la feels too
Buying watches thinking of a good “investment” and ending with 35+K loss because of happy screwers :)))
No doubt PM loves this Wheeling and Dealing. Probably reminds him of his early days in business when he was hustling and loved it.
The irony is, if he had invested is millions in a sausage factory, he be well ahead by now, can't beat a good sausage first thing in morning, sets you up for the day
Nico leonard is cracking himself with laughter
Wow Michael really needed cash. Very interesting, I thought $230K cash was nothing for him.
Useless to him. They wont return a profit anymore. Hype is over, covid is over.
People have the wrong impression of Michael. He has a strange mindset where he puts all his money into buying assets so he looks much wealthier than he actual is. Instead of having millions in stock market investments he buys millions in watches, cars, and houses.
I highly doubt he "needs" the cash. He's net is roughly $60 million dollars. But he realized his watches isn't that good of investment anymore.
@@george_jordanI really wonder what losses he took with the aftermarket ones
@@2011blueman
But that just means he can’t hold onto it
A 35k loss on that amount of watches is not crazy. But still, 1,5 year ago this would’ve been a profit
35 Large is not crazy??? Thats 15 gold bars.. You Rich guys are playing for keeps. Me 35 Large loss im selling everything including these retro jordans on my feet,.
@@STEEZ-A-LEEhow's watching all those money counting vids? Did you manifest a trillion dollars yet 💀
5,833 thousand per watch 😢
@@TB4L505I'l never have a trillion I couldn't sleep at night knowing its babies starving round the globe. THATS GLUTTONY! Give me 2 million im gucci the poor a have the rest. And you think im watching this and broke? HILLARIOUS 😆
Not a fan of comments that spoil the content, unfortunately youtube play cpmments under video on ipad.
Should have kept the Sohne (last watch) and save $25k. It's a niche market watch, but good value.
Early learning centre took me right back adam man id forgot that place 😂
Why sell the A Lange? It’s a great watch Michael 🙈
Not sure why I’m enjoying this so much.
Sylvester Stallone just did a similar video selling his watch collection. Hmmmmm….. maybe the writing is on the wall?
I like this channel. Funny nice people who don't slag others off. Number 1
3:30 He’s really dropping them hard hints he wants his money back 😂😂😂
The fact he’s selling at a loss means he’s in trouble.
Watches are not for investment. I don't have 230K but even if I do have in future, would never buy an original one.
Bought a superclone from wristova, it looks exactly the same and all that matters is I am happy when I wear the watch!
That proves that you don’t have friends when it comes to business….
They ripped him off !
No they didn’t at all. They’re a business
They actually overpaid, likely because it was on video and Michael is a good client.
They offered him more than he would have gotten anywhere else for those rolexes. It's crazy how many people don't realize that the markup on the things they buy is normally 30-50% and that's what it takes to have employees, pay the rent, keep the lights on, etc.
Imagine selling a guu a bunch of watches, only for him to come back later and sell them back to you for more. 😂
The emperors tailors having to explain he has no clothes... I'd absolutely LOVE to see PM try to sell his Jacobs, especially to Jacob LOL
Geez these guys are swindling this guy.
Michael just publicly got fked and uploaded the video of it on internet 😅
Good investment my rear end.. maybe for the dealer lol 😂
Id love to see more Car videos from Michael, i really enjoy his passion for cars
i love adam and you working together, yall have great workmanship on camera, thanks for all the video's
PRODUCER MICHAEL IS THE BEST
This man lives the life everyone else envys
Selling A. Lange & Söhne is huge mistake.
Buying it was even bigger mistake.
@@JussiMurikka That watch has a unique movement. True watch connoisseurs and true collectors will keep that watch in their collection forever.
Those bigger ones are really heavy and the leather straps make them sit weird on the wrist. They also are expensive to service, but they are really beautiful.