Flipping 3 Rolexes on 47th ST. 🤣🤯

Quick Overview

The flippers successfully sold three watches—a Cartier Tortue, a two-toned Rolex GMT, and a gold Rolex Oyster Perpetual—for a total of $20,400, netting a profit of $11,400, despite initial haggling over the Cartier's condition and the final price of the Rolex GMT.

Key Points: The sellers acquired a Cartier Tortue for $2,300 (from an antique shop) and sold it for $2,400, making a $100 profit. A two-toned Rolex GMT that cost the seller $7,000 was initially asked for $9,500, but ultimately sold for $7,000, resulting in no profit. A gold Rolex Oyster Perpetual that cost the seller $2,600 was sold to the second dealer for $2,400, resulting in a $200 loss. The initial offer on the Rolex GMT was $6,000, which was deemed a lowball, but the final sale price matched the seller's cost of $7,000. The total purchase cost for all three watches was $11,900, and the total selling price was $20,400, resulting in an overall profit of $8,500 before considering the $500 loss on the gold Rolex. The final calculation showed a total profit of $11,400 after the first seller realized he was $500 under cost on his original total profit calculation.

Context: This video documents a street interview segment where watch flippers negotiate the sale of three luxury watches—a Cartier Tortue, a two-toned Rolex GMT, and a gold Rolex Oyster Perpetual—with dealers in what appears to be the 47th Street diamond/watch district in New York City. The segment focuses heavily on the negotiation tactics, cost basis, and final selling prices of these specific timepieces.

Detailed Analysis

The video follows a street interview format where two flippers attempt to sell three watches to various dealers in NYC. The first watch, a Cartier Tortue purchased for $2,300 from an antique shop, was sold for $2,400, yielding a small $100 profit. The second watch, a two-toned Rolex GMT that cost $7,000, was initially asked for $9,500 but sold for $7,000, resulting in no profit for the seller. The third watch, a gold Rolex Oyster Perpetual bought for $2,600, was sold for $2,400, resulting in a $200 loss for the seller. Throughout the negotiations, the flippers used assertive bargaining, humor, and at one point, the seller (who was counting money) realized he was short $500 relative to his expected total profit. The final tally revealed they bought the watches for a total of $11,900 and sold them for $20,400, leading to a stated overall profit of $11,400 after correcting the initial loss calculation.