Quote:
Originally Posted by OTX
It was a SBGE215. I expected a loss but not 50% and that was a private sale!. What’s worse is the highest gray dealer offer was 60 percent off what I paid. What made it hurt more is that it was only a few months old with most of the warranty remaining and was in new shape!.
Rolex historically has held their resale value pretty well and I’m sure Rolex will do everything they can to maintain that as it’s a very important part of the brands prestige. Usually, if one buys a non Rolex preowned, then you’ll probably break even as someone else took the initial hit. The GS was an impulse buy for my. I learned a very valuable lesson though. Only buy Rolex new…everything else pre owned.
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Agree with you there. I have a couple of used Omega's. Fantastic watches but I would rather let someone else take the depreciation hit.