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How Is Your Investment Doing?

Discussion in 'Oud Market Trends' started by Al Shareef Oudh, Dec 5, 2019.

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How is your investment doing?

  1. Profitable

  2. Not Profitable

Results are only viewable after voting.
  1. Al Shareef Oudh

    Al Shareef Oudh Resident Artisan

    The dictionary definition for investment goes something along these lines:

    'the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value.'

    Taken from dictionary.com.

    If you are one of those people (not vendors) who purchased oudh and then resold it , for whatever reason, did you make profit or not.

    Please answer based on actual sale of an oil, not what you perceive to make IF you sold it.

    Your answer should also be based on the retail value of a particular oil at the time of your purchase and not a discounted value. Sometimes vendors give a discount to clients and there is an immediate incentive there to make sales, however I am more interested in true gained value. Where you purchase the oil which is retailing on vendors site for $1000 and you pay $1000 then few years down the track you sold it for profit greater than inflation. Assume inflation at 3% per year.
     
    Ashfaque likes this.
  2. Martin

    Martin Oud Novice

    Thus far I’ve only sold oils at a loss. I do have several highly desired oils where I’m confident I’d get close if not all of my money back. Oud and agarwood is the hobby of kings. My “investment” in purchasing oud oils and agarwood is almost purely for my enjoyment now and for years to come. I’ve learned to be more discriminating today with my buys.
     
    Sproaty, EJayB, Arsalan and 3 others like this.
  3. OudGood

    OudGood True Ouddict

    Its been only two years since I started collecting high end/artisanal oud. As with most investments, you have to wait to get a return. For me I guess its too early.

    When I buy oud I dont see that as an investment but I do sell a lot. This is mainly because I have a limited budget for oud and often I need to make room for a new oil in my collection so I let something go. I have never made any profit.
     
    Sproaty, Arsalan, Tarik and 1 other person like this.
  4. Oudamberlove

    Oudamberlove Member

    I never invested in oud.
    I feel like hoarding oud:Roflmao::Roflmao:

    But alas.....
    sell low, so I can buy high:(
     
    iori, Mario P., Martin and 5 others like this.
  5. IM_AU

    IM_AU Oud Fan

    This is actually a nice topic and I appreciate that is coming from a Vendor himself.

    As an old timer, I can tell you that the life of this catch phrase "Oud Oil as an investment' is done and dusted. There may be few new comers who are living in this illusion however I think, as with everything, the Oud community has grown mature. With the advent of new vendors there is a whole heap of choices becoming available every now and then, also the level to which organic Oud is touching is remarkable.

    Personally I believe Artisanal Oud is a hobby of riches, where people like us from mid/higher income stream are trying to squeeze in with best of our ability. I did tried to sell few items in the past and did end up selling some, but in my experience (with sincere upfront apology to all) it wasn't great and I felt that when you selling as an individual, people will test you to the limits. But I figured out that people are not the problem, its just a true nature of this expensive hobby where people are also bound by the limits.

    The crux of all these years of experience is that, Oud is an expense for personal satisfaction with very few exceptions.

    As I said earlier, 'Market place is a delta of expectation and the reality'. Therefore selling high is a very rare occasion that one may see, with obviously few exceptions.

    Cheers!
     
    Last edited: Dec 5, 2019
    Martin, TDK, Sproaty and 2 others like this.
  6. Ashfaque

    Ashfaque Analogue Oud

    I will wear my economist hat on here .... After a certain price point and use (of any item), the marginal rate of satisfaction from that object will have a downward slopping curve. When someone buys ouds, especially artisan ones, that curve is even more acute as it is a highly volatile market. If one doesn't understand that and falls into that trap and thus invest, he will be in a lot of trouble. If one does not understand market trend for which one needs a lot of data points across times, he should not invest. Oh then there is the notion of inflation.

    PS: I don't invest in that way. I buy ouds and other things only to wear and seek satisfaction out of them - that's my investment in oud. :)
     
    Martin, TDK, Tarik and 4 others like this.
  7. EJayB

    EJayB True Ouddict

    Oud as investment ?
    The whole thing sounds absolutely crazy
    Oils are expensive and a luxury item afforded to the wealthy. I buy nice smelling oils and honestly get quite a bit of satisfaction from wearing them. I use them in meditation and reflection . Buy gold or silver, buy real estate buy rare gems and minerals if looking for an investment. Plant trees and wait a decade or two and call that an investment.( return is 20% annually in case you are curious) buy stocks and bonds if you believe in that sort of thing( I don’t) but buying a luxury pleasure item as an investment? Sounds like snake oil as we call it! Getting something other then what you expected.
    I love Oud and wearing different scents everyday and it’s a very satisfying hobby and a pleasure I enjoy. But when I couldn’t afford these type of luxuries in my past life I loved a simple walk in the woods to relax just as much.
    If we tell ourselves the crazy money we spend on our selfish pleasures are investment it make it sound not so foolish. Wine is the same to me when I buy. A 200$ bottle of opus1 and hold it for 5-10 years I know it’s worth more when I drink it(500$) but I drink it all the same because that’s why I bought it.
    Only wine dealers buy AND sell , most collectors just buy and drink and collect as a status symbol. Same with OUD
    I’ll wear it and collect it.
     
    Martin, Imran S, Tarik and 2 others like this.
  8. Sproaty

    Sproaty Sproudy Staff Member

    Sold everything at a loss - still struggle with sales even at quite cheaper prices, people expect it for silly.
     
    Mario P., Martin, Bryan-I and 2 others like this.
  9. Imran S

    Imran S Oud Fanatic

    I think if owned wild Agarwood or Kyara chips, it would be a different story
     
    EJayB and Ouddict like this.
  10. Ouddict

    Ouddict Forum Co-Founder & Tech Support


    Spot on
     
    Imran S and EJayB like this.
  11. EJayB

    EJayB True Ouddict

    Bingo
     
    Imran S likes this.
  12. 911LambMelb

    911LambMelb Whats this Oud About?

    You shouldn't invest in oud. Period.
    There are much better things to invest in.

    Enjoy oud oils as a hobby. I've never made any money on an oud oil.

    However, I do have some perfumes that if I were to sell them, I would absolutely make a substantial profit. That's after buying them for more than retail but earlier on in the game.
     
    Oudamberlove and Hakim like this.
  13. oudlover

    oudlover Oudologist Staff Member

    I personally lost thousands of dollars in oud as an investment. Now I buy oud oils only as a source of enjoyment . Don’t buy oils from any vendor who is giving you false hope of huge returns. It has been strategy of certain vendors to boost their sales .
     
  14. Rai Munir

    Rai Munir Musk Man

    In fact, one buys from a reseller when there is no possibility of getting oil from the vendors. Second, new oils are launched with fast and furious zest that one has to choose either would be legends or legends. Things become complex. Third, at least I have observed, the moment one posts to resell a legend, that very oil is mostly offered by the vendor/s, if not openly, in private. Investment gets blocked.

    It could have been investment a couple of years before when there were two or three vendors and two to three hundred members on forums. Now the market is quite open. Majority of distillers themselves offer oils on different forums. So, oils of any quality can be acquired. Custom distillations can be actualised. It is more enthralling than going back to the past.

    When an investor lists a legend and mentions price, sometimes that oil emerges on the respective vendor's website at less price, and soon discount pops up, and then in private even less price is also offered. This is why investment is now a sheer illusion. It is quite obvious. This is why majority of members now acquire one bottle. Now one ml is being offered by all vendors. It does indicate something.
     
  15. Ashfaque

    Ashfaque Analogue Oud

    Antiquity (ALD) - a wild stallion that is somewhat tamed and stunningly beautiful!

    Apologies: Just realised I posted my SOTD in the wrong thread!
     
    Last edited: Jan 16, 2020
  16. Andrew Salkin

    Andrew Salkin it's aboud time!

    I made some money on antiquity drop. Not much but I wish I saved it. Like it better than war and peace
     
  17. Spaz

    Spaz Whats this Oud About?

    I have never considered selling my oils for profit - for many of the reasons above. However...... As the Australian dollar has plunged to around US .65, and I bought many oils when there was parity, maybe I could break even? Haha but all new oils still cost me 35% more than marked price :( . So yeah nah.....
     

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