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Gaijin · 10 April 2007, 03:37 PM

I had drinks with my old boss tonight. He is one of the persons who inspired me to want a Rolex. Tonight I finally asked him about his, as he saw my TT Sub.

He has a SS Submariner. The thing is gorgeous and you are just drawn to look at it when you are talking to him...at least I am.

Anyways I asked him what he paid for it.

In 1992. His ex wife paid $1,800. He just had it serviced and it looked brand new. I mean if it was in the sales case of an AD you would think it was new.

Tells you the value of a Rolex. Could not touch that now for what he paid. It has held its value.

Sidenote. In his divorce his wife wanted it back. He fought her hard. He said "No way I was giving my Rolex back to her!" He fought her off and kept his baby. He said he sleeps and showers with it and it is a part of him. He never takes it off.

JJ Irani · 10 April 2007, 03:45 PM

Nice story, Tim....thanks for sharing!! Yes, a Rolex is forever!!!

Mr. K · 10 April 2007, 04:38 PM

I think Rolex is a good value however with the price increases of late, not sure they will appreciate like they have in the past.

Flyjet601 · 10 April 2007, 07:34 PM

Yes if you have a Rolex from a few years ago, I think they a worth alot more than what was originally paid. Great story.

Prince · 10 April 2007, 08:19 PM

Great story, Tom. Sounds like your boss would be a good candidate for the Rolex Keeper's Society! A Rolex can indeed be forever!!!

Henry T · 10 April 2007, 08:25 PM

Anyone want to make a guess as to how much the Sub LV would be worth 15 years from now?

JJ Irani · 10 April 2007, 08:48 PM

Quote:

Originally Posted by Henry T

Anyone want to make a guess as to how much the Sub LV would be worth 15 years from now?

Anyone want to make a guess as to how much even an entry level DATE model would be worth 15 years from now?

padi56 · 10 April 2007, 08:52 PM

Quote:

Originally Posted by Henry T

Anyone want to make a guess as to how much the Sub LV would be worth 15 years from now?

Quote:

Originally Posted by JJ Irani

Anyone want to make a guess as to how much even an entry level DATE model would be worth 15 years from now?

Not anywhere near as much as models like 5512/3,1625,1665/75,1680,6263/5 in fact most vintage Rolex etc.

Henry T · 10 April 2007, 09:07 PM

Quote:

Originally Posted by padi56

Not anywhere near as much as models like 5512/3,1625,1665/75,1680,6263/5 in fact most vintage Rolex etc.

Why didn't I inherit an heirloom consisting all these models?

Seriously, if you have these models, would you sell them? OK, if you do sell them you'll only get today's inflated dollars in exchange. IMHO, not such a big deal if you consider the replacement cost.

davor · 10 April 2007, 09:07 PM

Quote:

Originally Posted by JJ Irani

Nice story, Tim....thanks for sharing!! Yes, a Rolex is forever!!!

until u flip it...

Prince · 10 April 2007, 09:16 PM

Quote:

Originally Posted by davor

until u flip it...

LOL - davor, you tosser you!!!

JJ Irani · 10 April 2007, 09:41 PM

Quote:

Originally Posted by davor

until u flip it...

OUCH!

Davor, you have all the makings of a first class tosser, you tosser!!

mansion · 10 April 2007, 09:48 PM

For those who are interested...

1800 USD in 1990 is 'worth' 2800 USD today.

Assuming the boss could sell his Rolex for that figure, it would appear that a Rolex is actually inflation-proof.

Good to know. And it gives you the time as well!

davor · 10 April 2007, 10:08 PM

Quote:

Originally Posted by JJ Irani

OUCH!

Davor, you have all the makings of a first class tosser, you tosser!!

sorry the tosser in me just couldnt resist

nko51 · 10 April 2007, 10:53 PM

Wait until it's 40 years old, and comes back looking like it's new. That will blow your socks off.

puffnmo · 11 April 2007, 12:50 AM

Quote:

Originally Posted by Henry T

Anyone want to make a guess as to how much the Sub LV would be worth 15 years from now?

Sure. Rolex raises their prices an average of 10% each year. So, assuming a present day value of $5,500.- on the LV that would put it at about $16,500.- in 15 yrs. give or take. Of course, if Rolex stops making them they would probably go higher...

Hmmm... now seems like a good time to pick one up...

Larry.

10 April 2007, 03:37 PM	#1
Gaijin 2024 ROLEX DATEJUST41 Pledge Member Join Date: Feb 2007 Location: Japan Watch: ing your back. Posts: 16,179	The value of a Rolex. I had drinks with my old boss tonight. He is one of the persons who inspired me to want a Rolex. Tonight I finally asked him about his, as he saw my TT Sub. He has a SS Submariner. The thing is gorgeous and you are just drawn to look at it when you are talking to him...at least I am. Anyways I asked him what he paid for it. In 1992. His ex wife paid $1,800. He just had it serviced and it looked brand new. I mean if it was in the sales case of an AD you would think it was new. Tells you the value of a Rolex. Could not touch that now for what he paid. It has held its value. Sidenote. In his divorce his wife wanted it back. He fought her hard. He said "No way I was giving my Rolex back to her!" He fought her off and kept his baby. He said he sleeps and showers with it and it is a part of him. He never takes it off.

10 April 2007, 03:45 PM	#2
JJ Irani Fondly Remembered Join Date: May 2005 Real Name: JJ Location: Auckland, NZ Watch: ALL SOLD!! Posts: 74,319	Nice story, Tim....thanks for sharing!! Yes, a Rolex is forever!!! __________________ Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!!

10 April 2007, 08:19 PM	#5
Prince "TRF" Member Join Date: Feb 2006 Real Name: Allan Location: St. Augustine, FL Watch: Daytona/Sub/GMT/DJ Posts: 20,323	Great story, Tom. Sounds like your boss would be a good candidate for the Rolex Keeper's Society! A Rolex can indeed be forever!!! __________________ Member: Rolex Keeper's Society "You see, you can't please everyone, so you got to please yourself." - Rick Nelson

10 April 2007, 10:53 PM	#15
nko51 "TRF" Member Join Date: Feb 2007 Real Name: Alex Location: USA Watch: TT Blue Sub Posts: 2,542	Wait until it's 40 years old, and comes back looking like it's new. That will blow your socks off. __________________

10 April 2007, 04:38 PM	#3
Mr. K "TRF" Member Join Date: May 2005 Real Name: Mark Location: Seattle-ish Posts: 6,039	I think Rolex is a good value however with the price increases of late, not sure they will appreciate like they have in the past.

10 April 2007, 07:34 PM	#4
Flyjet601 "TRF" Member Join Date: Sep 2006 Location: Hong Kong Watch: All of them Posts: 2,789	Yes if you have a Rolex from a few years ago, I think they a worth alot more than what was originally paid. Great story.

10 April 2007, 08:25 PM	#6
Henry T "TRF" Member Join Date: Apr 2007 Location: Malaysia Posts: 352	Anyone want to make a guess as to how much the Sub LV would be worth 15 years from now?

10 April 2007, 09:48 PM	#13
mansion Member Join Date: Jan 2007 Location: switzerland Posts: 196	For those who are interested... 1800 USD in 1990 is 'worth' 2800 USD today. Assuming the boss could sell his Rolex for that figure, it would appear that a Rolex is actually inflation-proof. Good to know. And it gives you the time as well!

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