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3 August 2024, 05:53 AM | #31 |
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Real Name: Cam
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Watch: Rolex/Grand Seiko
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I bought my sbgk002 in 2020, and yes I will confess that it was to get my Rolex RG Olive Dial DD.
I find myself somewhat enamoured with the GS, not so much to wear it (it has never been worn) but more for the artistry of the piece, from its dial, to its hand painted numerals to its amazing polishing. Personally I don’t ever think I’ll actually wear it and I’m sure I could never get my money back in resale, but I don’t think I’ll ever let it go. It is too special a piece. I suspect, when I’m long gone, it will become an important horological timepiece for discerning tastes. |
8 August 2024, 12:10 PM | #32 |
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I own two GS's. One purchased new and one preowned, both purchased in Japan. I have been offered the full purchase price from my local vintage watch store. Surprisingly the 9F Quartz model is viewed as a safer buy by the said store!
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8 August 2024, 02:04 PM | #33 | |
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Location: Bay Area, CA
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12 August 2024, 07:44 PM | #34 |
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Depreciation on almost all GS is fairly steep and hard from new. Once they've taken the initial hit, they continue to depreciate at a slow rate. If you have a watch model that is out of production such as the SBGY003 you might be lucky in that relatively few were made and the watch has some demand from those that prefer it to the ongoing production SBGY007 and SBGY009. But a year or so again GS introduced the SBGY027 and SBGY029 limited editions which has similar, but not identical dials so values on the 003 softened a bit.
As they keep on producing the same basic watch designs with different dial variations and good availability, used watches need to be materially cheaper that those in the ADs. And some ADs discount some of the new GS models available in the stores. Regardless of all these, GS make wonderful watches. I am very happy with mine and it is a keeper. |
14 September 2024, 02:51 AM | #35 |
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Heck, I've purchased a used DateJust, Explorer, Explorer II and Submariner in the past, and I even lost a little money on all of those selling a few years later.
I buy watches because I like them, not because of resale vale. If anything, at least GS watches being less recognizable with poorer resale value makes thieves less interested. |
15 September 2024, 04:04 AM | #36 |
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Real Name: Mark
Location: Thailand
Watch: Rolex,PP,AP, PAM
Posts: 176
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Recently I’ve been trying to sell my Shunbun and a NOS SBGH323 Red Dragon in Thailand to make rooms for some new watches. Private buyers are hard to find at this time, but many grey dealers wanted the watches for much lower than the market values. They offered something like $3K for a flawless Shunbun and 40% below retail for a new unsized Red Dragon. I’d just keep them for the prices offered.
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15 September 2024, 10:46 PM | #37 | |
2024 SubLV41 Pledge Member
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Location: North Carolina
Watch: Rolex/Others
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10 November 2024, 02:09 PM | #38 |
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I bought a SBGM 247 new for $5800.
I wore it for a few months and it was just too thick and top heavy, it otherwise a great watch. 2 trusted sellers didn’t even make an offer and and when I went to trade it in at the same AD (who has many other watch brands as well) was offered 40% of what I paid …. 3 months later! Sent from my iPhone using Tapatalk |
10 November 2024, 10:53 PM | #39 | |
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10 November 2024, 11:59 PM | #40 |
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Location: California
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Lessons:
1) don't buy GS new 2) don't LE GS. used or new. New LEs are coming out every few months. |
12 November 2024, 03:46 AM | #41 |
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Real Name: Basil
Location: Athens, GR
Watch: BoctokKomandirskie
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Moden GS are very hard, if not downright impossible to sell privately to the uninitiated. Stores (if you can find one that buys) will offer a third of retail if not less for pristine, full sets. Yet the asking prices on C24 and the likes, although on a downward trend, still largely remain detached from reality when even new ones are sold at a discount at the ADs They will come down further in my opinion, so long-term value retention doesn't look good. But this will only make GS more accessible and they're really, really nice watches.
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17 November 2024, 02:31 AM | #42 | |
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Real Name: Aaron
Location: CT/NYC
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In general, if you’re already thinking about selling a watch before it’s even on your wrist, perhaps that’s not the watch you should buy. |
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17 November 2024, 11:55 AM | #43 |
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With a few rare exception, GS watches do not hold value at all. Buy them if you like their quality, looks or craftsman ship, not for resale. Actually this applies to most brands.
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17 November 2024, 10:31 PM | #44 | |
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I consider myself lucky that I got into them in Japan when they were still unknowns. |
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17 November 2024, 11:58 PM | #45 |
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18 November 2024, 10:27 PM | #46 |
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In the best case you get 50% of the price you paid for the new one- even discounted price.
Been there, done that. Sent from my iPhone using Tapatalk |
21 November 2024, 04:30 AM | #47 |
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I recently sold my spring drive SBGA-439 for about $300 less than I paid for it. However I got it at 25% off retail and was lucky enough to find someone locally that really wanted a spring drive GS, otherwise I'd have probably lost about $1000 as that was the next best offer I had received. Nice watches, cool movement but uninspiring to wear, too top heavy for my taste, and having no micro adjust on the bracelet of a $6000+ watch is/was a big miss as well.
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30 November 2024, 06:44 AM | #48 | |
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They certainly are not doing themselves favors with the price increase, ridiculous numbers of limited editions, and overall marketing approach. Flipside to that is it's more accessible to get many of the models on the secondary market. |
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