"old money" Rolex - Does it exist?

[4reRlxGuy]

I recall before covid a true "old money" piece went on auction. It was a solid yellow gold daytona with Tiffany & Co on the dial that had been owned by a member of the Rockefeller family.

[Dawgprint]

Originally Posted by Kinnakeet

Interesting topic and replies.

So how much money and holdings does one need to consider themselves as “new money?”

You looking for a suga daddy?

[csaltphoto]

Rolex definitely used to be an old money watch. Not because they were expensive but because they were a good watch and properly cared for, could last generations. Old money got to be old money by making good decisions about money. Rolex might be a luxury product but it's also a good product. Old money has an affection for things that last. They think about heirlooms, legacies and whatnot.

Is it still? Hard to say. A Rolex is still a "marker"; something someone rewards themselves or others with for attaining a certain goal, financial or otherwise. It has that going for it.

I've never seen either yachtmaster in a yacht club but I've seen plenty of DD's and DJ's and the occasional sub. Usually in very well worn condition. Some of my dad's biz friends had DD's and DJ's. My dad, always the contrarian, had a gold Accutron. (Which was a cool watch to have back when dinosaurs roamed the earth. Very advanced tech for the time. I still have it. OMGF it is so small and insubstantial.)

[Kinnakeet]

Originally Posted by Dawgprint

You looking for a suga daddy?

Why would you make that comment?

[CarlOver]

Originally Posted by padi56

Don't consider any Rolex as old money or new money,but with many today they think of Rolex watches to be little more than £$€ objects and little more.

Originally Posted by messikens

Think I heard you say that before but wasn't quite certain... thanks for reminding us!

You will be reminded again. And again. And again….

[John Doyle]

I don't think this exists anymore. New or old money can buy the same stuff as all models more or less are popular.

Old money tends to care less about appearances though, i really think they would purchase a Rolex for themselves and not to flash as their lineage would do the talking. Same as for example Bill Gates wearing a timex - why the hell would he wear a rolex or any other expensive piece, he already has all the money and fame in the world + he is not in the spotlight / competing with other CEOs unlike celebrities who are always paparazied everywhere they go

[mrricks]

As my dear Grandmother used to say:”There’s no such thing as “new” money, new money is just old money that got away.”

[jamesbondOO7]

Originally Posted by HappyPrince

I believe that’s the “no money” model

[jamesbondOO7]

Originally Posted by CarlOver

You will be reminded again. And again. And again….

It does ring a bell that very unique syntax and grammar.

[zengineer]

Originally Posted by jamesbondOO7

It does ring a bell that very unique syntax and grammar.

It used to get pasted only in threads about watch value, now it's more a signature.

It could be that the redundant little is a little redundant.

[Speedbird-1]

Originally Posted by jamesbondOO7

It does ring a bell that very unique syntax and grammar.

"very unique" Ah, I notice your modification, of an adjective.

[ronricks]

To me old money would be a 1803 or 18038 day date. This answer will be different for everyone and I don’t think there is necessarily a right or wrong answer.

[garyk]

Originally Posted by Kinnakeet

Why would you make that comment?

Gross, right?

[Michael T]

Originally Posted by Mr. Drunmond

For sure, old oil money in Texas is all Day Dates.

DD36 - Yellow gold champagne dial. Standard issue at the country clubs for the over 65 age group.

Yes, an 1803.

[Krash]

Originally Posted by Kinnakeet

Interesting topic and replies.

So how much money and holdings does one need to consider themselves as “new money?”

Enough money and holdings to live in the same neighborhoods, belong to the same country clubs, and have the same financial advisors as old money.
:)


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[ratty]

Originally Posted by Krash

Enough money and holdings to live in the same neighborhoods, belong to the same country clubs, and have the same financial advisors as old money.
:)


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I don't think 'old money' has financial advisers, it has estate managers.

[EmJay]

Originally Posted by Ceriano

Do you consider any modern Rolex "old money" watch or Rolex will always be a new money watch?

I consider it a nice watch.. and thats about it.

[Krash]

Originally Posted by ratty

I don't think 'old money' has financial advisers, it has estate managers.

If you think old money is wealthier than new money, then you're just flat-out wrong.

Elon Musk and Jeff Bezos are both first-generation wealth and new money.

Lots of new money folks have more money than old money folks. Both enjoy brunch together at Breakers in Palm Beach. They sit next to each other. The only difference between old money vs new money, is that old money folks are born into wealth. For new money folks, wealth was self-generated.

[njlam]

I think the old money set gets their DD or PM DJs as a 16th or 18th birthday present and they keep it to wear as their only watch before bequeathing it to the next generation.

The DD/PM DJs are understated and reliable. No need for more than one watch and SS sports models are too trendy.

The old money set only needs one really good watch. More than one is ostentatious.

New money doesn't care what time it is. They want everyone to see it is their time that is important.

[ratty]

Originally Posted by Krash

If you think old money is wealthier than new money, then you're just flat-out wrong.

Elon Musk and Jeff Bezos are both first-generation wealth and new money.

Lots of new money folks have more money than old money folks. Both enjoy brunch together at Breakers in Palm Beach. They sit next to each other. The only difference between old money vs new money, is that old money folks are born into wealth. For new money folks, wealth was self-generated.

Please point out where I said that I thought old money is wealthier than new money!

[Krash]

Originally Posted by ratty

Please point out where I said that I thought old money is wealthier than new money!

What are you implying here? Are you saying old money has estate managers and new money does not?




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[Ceriano]

Originally Posted by Krash

I'm not sure why some are insinuating that old money is somehow superior to new money.

I'd argue that self-made wealth seems more admirable than being born into wealth and a life of privilege.

Either way, I don't believe there should be any guidelines in terms of who wears what watch. Like it or not, there are plenty of old money folks sporting brand new sport model Rolexes.

It's not. I've more respect for self-made wealth anyways. My question was more inline with the new quiet luxury trend. Are there any modern Rolex models that fall under that category?

[Ceriano]

Originally Posted by Schweinwerfer

Maybe this one
[url=https://ibb.co/8Pzkkt6]

That's a wanna be new-rich watch!

[Sinanamus]

Day Date.

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[Schweinwerfer]

Originally Posted by Ceriano

That's a wanna be new-rich watch!

It’s been produced in 1970 when the 1803 was still around and when a watch was still a necessity and not so much different in dimensions comparing to a DD40. The watch is fully brushed and has no PCLs. It was around before new money has eventually been existing. Maybe you will see one one day, it’s really classy!
If you call it new rich, then the same applies to the Day-Date.

Back in the day it was cutting edge technology and not about balling
https://youtube.com/clip/UgkxGwCabeV...cvk8OcTXNWjZeT
Some background info on it

[Ceriano]

Originally Posted by Schweinwerfer

It’s been produced in 1970 when the 1803 was still around and when a watch was still a necessity and not so much different in dimensions comparing to a DD40. The watch is fully brushed and has no PCLs. It was around before new money has eventually been existing. Maybe you will see one one day, it’s really classy!
If you call it new rich, then the same applies to the Day-Date.

Back in the day it was cutting edge technology and not about balling
https://youtube.com/clip/UgkxGwCabeV...cvk8OcTXNWjZeT
Some background info on it

My bad I thought it was a fake! :)

[Scottyboy]

Originally Posted by Mr. Drunmond

For sure, old oil money in Texas is all Day Dates.

DD36 - Yellow gold champagne dial. Standard issue at the country clubs for the over 65 age group.

Old money predates 65 and overs my friend. Unless they were the beneficiaries of large amounts of inherited wealth of course.

Just because someone is old and wealthy, doesn't mean they are from 'old' money.

[Scottyboy]

One thing for sure, loads of people on the forum doesn't understand the meaning of 'old money'.

[BraveBold]

Originally Posted by Krash

If you think old money is wealthier than new money, then you're just flat-out wrong.

Elon Musk and Jeff Bezos are both first-generation wealth and new money.

Lots of new money folks have more money than old money folks. Both enjoy brunch together at Breakers in Palm Beach. They sit next to each other. The only difference between old money vs new money, is that old money folks are born into wealth. For new money folks, wealth was self-generated.

Bezos is new money in the sense of the sheer magnitude of his success. No disputing it. But he is from arguably significant family wealth.

Grandparents owned land. Lots of it (tens of thousands of acres). He attended a Montessori school (I believe private) from a young age. His parents weren’t “rich” but clearly had substantial family resources to fall back on. No surprise that they “loaned” him essentially a VC type investment of $250k in the mid 90s. That isn’t small potatoes for 95%+ of the population today, nevermind in the mid 90s.

Musk is clearly from multigen wealth. As much as he tries to distort the facts (his MO generally) his dad was wealthy and he was from an upper class background.

Are they both “new money” - sure, but because of the enormous increase in their wealth. Not because they are from middle class (or lower) backgrounds.

Gates, Buffett, and a whole slew of others too.

[BraveBold]

Originally Posted by Scottyboy

One thing for sure, loads of people on the forum doesn't understand the meaning of 'old money'.

I think they do.

If you are from aristocracy you are old money. I have several friends in that category. They often have titles and/or towns named after their families.

There is also multi-generational wealth. Not really old money but no direct reliance on a job. Often the source of entrepreneurs that make it big. The ability to take risk is supported by “fall back wealth” but there is enough newness that they have hunger…

Many of my old money friends run family funds. That is what they educate themselves to do (including through a period of “normalish” jobs)…