Rolex an investment?

[BigHat]

But the exception never proves the rule. Watches, like wine, make poor investmemts across the spectrum. No question there are examples where they have done quite well, but in addition to being rare, they are illiquid as hell.

I think this whole "investment" thing comes from some deep guilt where some feel compelled to rationalize wanting/buying something nice. Need a reason? Use mine -- because I just want it!

[mborkow]

Originally Posted by BigHat

I think this whole "investment" thing comes from some deep guilt where some feel compelled to rationalize wanting/buying something nice

+1 but (unlike cars) watches aren't a bad place to put your hard earned $...go buy a brand new Porsche, drive it around the block and try selling it!

[BigHat]

Originally Posted by mborkow

+1 but (unlike cars) watches aren't a bad place to put your hard earned $...go buy a brand new Porsche, drive it around the block and try selling it!

Concur, but don't be too misled. Most people would buy new from a GM than used from a private party at the same price. So the minute I walked out with a $25,550 18kt Sub it instantly was worth no more than $19K- something AF sells them for all the time.

My good example: Lange One Moonphase 4 years ago. $17 or so as I recall, $32,000 now and $25k+ on the GM. Surely recoup my money after 4 years of enjoyment.

[mborkow]

Originally Posted by BigHat

Concur, but don't be too misled. Most people would buy new from a GM than used from a private party at the same price. So the minute I walked out with a $25,550 18kt Sub it instantly was worth no more than $19K- something AF sells them for all the time.

My good example: Lange One Moonphase 4 years ago. $17 or so as I recall, $32,000 now and $25k+ on the GM. Surely recoup my money after 4 years of enjoyment.

True, but as the prices for new watches go up so seems to go the used market (look what used SDs are going for right now with their recent price increase). With cars the price of the car will not start to escalate for 20-25 years (if you are lucky).

[BigHat]

Originally Posted by mborkow

True, but as the prices for new watches go up so seems to go the used market (look what used SDs are going for right now with their recent price increase). With cars the price of the car will not start to escalate for 20-25 years (if you are lucky).

Again, I have to agree.

So we can DEFINITELY say watches SUCK LESS than cars as investments.

[Kevinm]

Your right go buy a brand new Porsche drive it around the block and then try and resell it.
Go do the same with a Ferrari, Bentley, Aston Martin, samething. But hold onto that Porsche for 20 years and you can get a good return for something old. and hopefully had a great time with. Buy that Porsche used and hold on to it, and you may see yourself making money on the vehicle.
Problem is you cannot think short term! Remember the success of those day traders!