ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
28 December 2012, 02:29 AM | #1 |
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Which rolex for investment?
Hi im considering purchasing a new rolex dssd i was wondering would this watch hold its money well compared to other models?
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28 December 2012, 02:34 AM | #2 |
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Well compared to a TT or precious metal. Vs another steel model? Who knows.
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28 December 2012, 03:01 AM | #3 |
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Why not stocks and bonds for investments...and a Rolex For pleasure, wearing and telling the time? ;-)
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28 December 2012, 03:05 AM | #4 |
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I would not buy that model new ...
because as soon as you do the value will go down. Maybe in several years it will be worth your initial price. Maybe not.
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28 December 2012, 03:05 AM | #5 |
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Rolex= investment in awesomeness for your wrist.
Monetary investment probably not so much. |
28 December 2012, 03:09 AM | #6 |
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Rolex as an investment is a bad idea, unless you are an expert of vintage models and get lucky. However, as a watch brand, I'd say Rolexes probably hold their value better than any other brand, so flipping them sometimes doesn't kill you in the wallet. That's doesn't mean you'll make money; it just means you can minimize the risk of losing a lot. Good luck!
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28 December 2012, 03:15 AM | #7 |
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+1
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28 December 2012, 03:26 AM | #8 |
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Either you want a Rolex, because you like it or don't buy it. Any watch you buy you loose already when you walk out the shop (the same as with cars). Ok, with Rolex like with Porsche you loose less, so if after a couple of years you don't like it anymore your loss is limited to 10 - 20% of the original value. After 10 years you sell it for the price you bought it or even with a bit of premium (if it is a tool watch model). Real gains you only make with vintage, but the modern flat sapphire crystal and WG surround models will never be really vintage, unless you pick a model that is very rare, because not popular nowadays.
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28 December 2012, 03:34 AM | #9 |
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May not be soon, but in 20 to 25 years, they will be vintage... and the vintage ones of today will become super-vintage or ancient, but in a good way...
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28 December 2012, 03:35 AM | #10 |
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A modern watch should never be looked as an investment. As others have mentioned in the past, a particular model might be hot today but cold tomorrow.
Just enjoy it. |
28 December 2012, 03:37 AM | #11 |
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X100. There are much better ways to make a smart investment. Having a Rolex is an investment in yourself to enjoy life but not a good financial investment.
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28 December 2012, 03:58 AM | #12 |
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Rolex and watches in general make a bad investment. Buy it because you like it. My favorite modern line is the AirKing because I love the clean lines. Quite a few guys around here would rather chop of their hands than wear an AK.
Buy what you like but if residual value is your sacred cow, then buy a 42mm Explorer white dial, Ceramic Sub Date, or GMT Master. Stainless only, no gold or TT. A better idea is to buy from the trusted dealers here and save the depreciation.
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28 December 2012, 04:16 AM | #13 |
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OP did say hold value not increase, so hes talking depreciation, and as with most new Rolexes youll lose 10-20% straight away so best to buy from here or a trusted grey dealer, not an AD, for 10-20% off and then it will hold its value.
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28 December 2012, 04:18 AM | #14 | |
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Quote:
Mass produced consumer watches are not investments.
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28 December 2012, 04:21 AM | #15 |
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I think it would be a mistake to think of it as an investment. That said, first off, if you want to hold the most value, buy recent model used. My next suggestion would be to buy a sub or GMT. If you bought one of these 8-10 years ago I think you'd do fine selling it today. I sold my GMT for more than I paid, used, can't stress that enough, in 2002, to raise funds for a new grail. Only trouble is I want one again. If you need, for example, to justify buying a nice watch to your spouse by saying you can cash out, a sub or GMT, used, stainless, almost forgot that, is something you could probably propose with a straight face. Not that I ever heard of anybody doing that...
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28 December 2012, 08:06 AM | #16 |
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anything vintage which is $50K and above!
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28 December 2012, 08:19 AM | #17 |
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From what I've seen on the secondary market, a Daytona will hold value better than a DSSD. I don't know about Sub-date or no date, but those do well also in terms of slower depreciation.
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28 December 2012, 09:32 AM | #18 |
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None of them.
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28 December 2012, 09:32 AM | #19 |
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Agree with the above
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28 December 2012, 09:35 AM | #20 |
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OP said investment in his header. No Rolex is an investment.
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28 December 2012, 09:39 AM | #21 |
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No Rolex you can buy new right now,wear, and it will grow in value;however,there are certain models you can buy such as a NOS 16610 lv or NOS 16710 3186 which may go up in value if not worn. IMO your best off buying what you like and forget about the investment aspect of it.
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28 December 2012, 09:40 AM | #22 |
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28 December 2012, 09:42 AM | #23 |
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Why not just enjoy & pass them along to your children & grandchildren or other love ones! Buy stocks or land for investments.
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28 December 2012, 10:06 AM | #24 |
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None of the current watches...we don't know which watches will become sought after in 40 years.
Production numbers are high and there's a lot of people buying right now. Only a handful of vintage watches are worth a great deal. |
28 December 2012, 10:06 AM | #25 |
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I bought my Rolex because I wanted a great watch and to be able to enjoy it for years. If it appreciates in value, then that's gravy!
If you want an investment then, as others have said, I suggest stocks, bonds, realty and the like. Not a watch: any watch. |
28 December 2012, 10:57 AM | #26 |
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A 16600 would hold its value better than a 116600
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