# Flipping 3 Rolexes on 47th ST. 🤣🤯

Source: https://www.youtube.com/watch?v=8wpskTrAbWk
Recap page: https://rapidrecap.app/video/8wpskTrAbWk
Generated: 2026-02-11T22:34:11.28+00:00

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## 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.

![Screenshot at 00:07: The first flipper presents a Cartier Tortue watch to a dealer, stating he paid $2,300 for it, initiating the first negotiation.](https://ss.rapidrecap.app/screens/8wpskTrAbWk/00-00-07.jpg)

**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.

### Cartier Tortue Negotiation

- Cost $2,300 (found at antique shop)
- Ask $3,400
- Sold for $2,400
- Profit: $100

### Rolex GMT Negotiation

- Cost $7,000
- Initial Ask $9,500
- Final Sale $7,000
- Profit: $0

### Gold Rolex OP Negotiation

- Cost $2,600
- Offer $2,400
- Sold for $2,400
- Loss: $200

### Dealer Interactions

- The first dealer conceded $2,400 on the Cartier but kept his offer of $24 on the table for the seller's lunch money; the second dealer offered $7,000 for the GMT, matching the seller's cost.

### Final Tally & Outcome

- Total Cost $11,900
- Total Sale $20,400
- Final Profit $11,400 (after initial confusion regarding the $500 shortage).

![Screenshot at 00:03: The flipper discusses the terms of the deal, mentioning flying out to Asia.](https://ss.rapidrecap.app/screens/8wpskTrAbWk/00-00-03.jpg)
![Screenshot at 00:08: The Cartier watch is shown with its acquisition cost displayed as $2,300.](https://ss.rapidrecap.app/screens/8wpskTrAbWk/00-00-08.jpg)
![Screenshot at 00:19: A dealer examines the two-toned Rolex GMT, which has a listed cost of $7,000 and an ask of $9,500.](https://ss.rapidrecap.app/screens/8wpskTrAbWk/00-00-19.jpg)
![Screenshot at 01:34: The dealer offers the seller $7,000 cash for the Rolex GMT, matching the cost.](https://ss.rapidrecap.app/screens/8wpskTrAbWk/00-01-34.jpg)
![Screenshot at 02:33: A dealer uses a currency counting machine to verify the money received from the sale.](https://ss.rapidrecap.app/screens/8wpskTrAbWk/00-02-33.jpg)