ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
18 February 2019, 07:13 PM | #61 | |
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Profit is an entirely different motivator than retaining a good/excellent amount of value
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Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition) |
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18 February 2019, 07:22 PM | #62 | |
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18 February 2019, 07:26 PM | #63 |
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In the US at least, the "bid" price from well-known resellers for a Seadweller doesn't seem to be much above retail (bobswatches.com quotes $100 less than retail). Probably that's negotiable for NIB, but to make any actual money it seems one would need to sell the watch privately (unless it's a Daytona, BLRO or Sky Blue). At that point it's definitely no longer risk-free, and eventually starts to resemble actual work. Not my cup of tea.
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18 February 2019, 07:28 PM | #64 |
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Thanks to those who have weighed in and given some sensible thoughts on my question.
In answer to some of the questions, I would not be looking to sell any time soon, two years out is more what I was thinking. Yes, I can afford it. No, I don’t need advice from a financial advisor. And yes, I realise that brand new in box with all stickers still attached was always going to be more valuable for resale, but the point of my question (perhaps I badly phrased it) is that I had expected that to be the case by miles - at least a couple or few k difference between as good as new and worn, even if lightly. But I had seen suggestions from sources I was not familiar with that they could in fact resale for only a few hundred difference. So I thought, why not ask a forum of actual owners and sellers. Now I better understand the protocols of this forum I’ll be more careful with my wording in future! |
18 February 2019, 07:32 PM | #65 | |
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18 February 2019, 07:41 PM | #66 |
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A lot can happen in a few years to the watch market. It’s quite evidently in a bubble at the moment. There’s no guarantee it will still be in the bubble in a few years. So just be willing to keep hold of it indefinitely if in a few years it isn’t worth what you paid for it. Odds are it will be, but nobody really knows. It’s why people will tell you that watches aren’t an investment.
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18 February 2019, 08:00 PM | #67 |
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Unworn with all stickers in place preferably with a blank warranty card always commands a huge premium over worn.
Don't let asking prices on chrono or elsewhere from private sellers fool you. Plenty people think they have a unicorn As a private seller you will never be able to get the same price for a watch as a well known seller. Many potential buyers, myself included, don't even consider going that route. Not worth the hassle, gladly I pay more from a trusted source. Just wear and enjoy it and forget about the finances, it's anybody's guess
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Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711. |
18 February 2019, 08:19 PM | #68 |
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You purchased it at Heathrow, so presumably duty free?
Don't forget to factor tax/duty payable on return to the UK into your calculations. You will probably find it's not worth the bother of trying to sell it. |
18 February 2019, 08:30 PM | #69 |
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As others have said I doubt you will make the profit you are seeing on sites such as Chrono24 and Watchfinder. I have sold watches to WF and they offered between 20%-30% less than the prices they sell them for.
I would look at it from the point of view that you wont loose money but probably wont make much, if any either - so wear it and enjoy it! |
18 February 2019, 08:35 PM | #70 |
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Is anyone going to admit to paying 12 grand for a Sea Dweller or can we assume these prices are just chancers trying their luck...?
As the OP has found these aren't too tricky to track down so why anyone would pay a premium for a second hand one escapes me... |
18 February 2019, 08:36 PM | #71 | |
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In defence of the members who seemed to (or did actually) call you out, you have to take in to account how they read this thread. You were heading out on vacation, and your hankering seems to be as a result of a friend who bought Rolex purely as investment pieces, you were lucky enough to be in the right place at the right time to actually buy a sought after watch, with your original expectation to make 50% on your initial purchase (I can assume it was purchased at rrp minus tax as you were leaving the UK?). You then state that it is "unworn so far", so the natural conclusion is that you hoped to sell and cash in .... nothing wrong in that, its a free world, you wont be the first or the last to do so, I'm sure. However, to continue backing the members assumption up, you then you stated that your most expensive watch to date was a £100+ Seiko, so its fair to say a lot of people regarded you not as a WIS, but as a flipper who simply wanted some reassurance regarding how much you should expect to make. For most, if not all, of the members here, that watch would have been on their wrist as they left the AD, the £100 Seiko in the bottom of the bag, and the new watch enjoyed for what it was during the vacation, adding to the memory of the purchase. I can guarantee you would have been welcomed with open arms by the forum if you said that in your original post. In a nutshell, could you make a profit if you sold it now as unworn? Yes. Would it be 50% over MSRP? Nope, and nowhere near that. Will you make a profit in 2 years? Who knows? Enjoy your watch .... in the current market, you are lucky to have landed it.
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18 February 2019, 09:02 PM | #72 | |
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Sell the watch. Unless they change the Red ‘Seadweller’ to white, this watch will be worth more now, unworn, during a “shortage” than being a worn example in the future. All bets are off if the font color changes, but who knows what Rolex will do. This watch is not all that hard to find through AD, mainly because Seadwellers just aren’t that popular compared to other SS references. Even the 5 digit SD are valued noticeably less than their Sub Date and GMT brethren, so historically it is a bit of a softer reference. The previous SD C has been hyped value wise by the market sellers since it’s has a limited run after being abruptly discontinued, but the buzz just isn’t anywhere near the Daytona, Pepsi, Hulk, BLNR...etc. So, take the money now and move on. |
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18 February 2019, 10:06 PM | #73 |
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You'll retain some value but will hardly make significant money, if at all.
Selling privately and making a gain is no easy task. The SD43 would have to become hot which is not really the case at the moment, it has deflated from the initial craze in fact. In the long run you might gain if people decide it's a collector's, being an anniversary edition like the Sub 16610LV is. Too early to know if it's a "worthwhile investment" i.e. offering a yield of 7% a year which equates to doubling value after 10 years. I bought my SD43 at retail at launch. It's gained 20% in almost 2 years but if I was to sell it to a reseller right now, they would probably give me retail for it, so no gain. If I sell privately I would probably be offered retail too. They way I see it, it's better to enjoy wearing it with the bonus of having some decent value retention, which is very different from actually making money. If you're in it to speculate, then it's a long waiting game of many years hoping for it to be discontinued and sought after. |
18 February 2019, 10:14 PM | #74 |
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I have 3 rolex watches. I wear all of them. I'll wear my yachtmaster everose if I'm going out at night, I wear my steel sky-dweller during the day and I wear my submariner hulk if I'm doing something active. I could easily have kept them with their stickers on in their boxes and watched them increase in value but if that's all I wanted I could have just invested the money in the latest wall street stock. No, I wanted to enjoy my investment too. Yes I realise that they might not go up in value as much had they stayed pristine and untouched but surely that is not the point of owning a luxury watch. If you don't like the watch you have, then sell it and let someone else enjoy it instead. However, if you do, then make sure you stick it on your wrist and don't be afraid to get the odd scratch. It adds authenticity to it. How sad it would be if you just locked it away never to be seen again. I'm afraid that's what so many so called, "watch lovers" do. I would love a daytona and the day I get one, the stickers will be off and I'll have it on my wrist, guaranteed!
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18 February 2019, 10:43 PM | #75 |
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18 February 2019, 11:02 PM | #76 |
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I would not buy a watch with the expectation of selling later on for a profit.
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18 February 2019, 11:07 PM | #77 | |
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18 February 2019, 11:34 PM | #78 |
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few months ago my AD had a deep sea and I did bring this up in this forum with AD name. 1) I don’t think it is that rare and 2) I won’t buy it if I’m not going to wear it.
I tried it and it was really big. It just doesn’t fit my daily style and small wrist for the watch be careful with linking watches to investment. They are toys, true they hold their values a bit but sure not an investment. |
18 February 2019, 11:40 PM | #79 | |
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18 February 2019, 11:41 PM | #80 |
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You're going to get a lot of criticism for purchasing watches as investments. I think the reasons for this are numerous. In the past, getting stainless steel professional models wasn't very difficult. Right now there seems to be a shortage (for which people have offered many explanations). As a result, it's likely very true that if someone can buy a Submariner or GMT-Master II at MSRP, they can likely resell it for more than they paid. The flaw in this logic is that your money may be tied up. There may be investments in other things which offer a better return. Rolex may also increase production significantly without significant change in the model you purchased making it less valuable. What is going on right now isn't how things have always been and it may not be how things will be forever.
Then there's the unspoken notion in watch collecting that one should only purchase something that someone intends to wear. If it is difficult to get a particular model at the moment, it might be seen as rude to snatch it up only to hold onto it. This is not exactly how I feel. I'm more in the camp that if you buy something, you should use it. Rolex isn't stock or a Roth. Just my two cents on the subject. |
18 February 2019, 11:43 PM | #81 |
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Hope you're wearing it by now!
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18 February 2019, 11:54 PM | #82 |
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19 February 2019, 02:13 AM | #83 |
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Big reason I find myself spending less and less time on this forum and especially this sub forum.
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//////////////////////////////// Member of The Nylon Nation Does it do anything? It tells the time. |
19 February 2019, 02:22 AM | #84 |
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I would think that for an SD43 to appreciate significantly it's going to take 10+ years. There is still some pent up demand as initial supply of a new model never meets demand, so folks pay a premium to get it now. As supply catches up with that demand over the next year or two I would expect the premium to shrink and eventually vanish. Gray market sellers will eventually offer them at discounts to move them.
If Rolex suddenly cancels/discontinues the model then the price may pop. How much depends on how many of that watch are out in circulation.
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19 February 2019, 02:38 AM | #85 |
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The problem is new collectors want to buy modern Rolex and sit on it like an investment. Or are super concerned with value 10,20,30 years from now. There will never be a modern Paul Newman Daytona type demand again. Ever. The amount of watches produced are going to change what vintage looks like in 40-50 years. Buy what you like, but if you are flipping watches you could be wearing to make a grand or two. What happens when you can’t get that watch again? Unless you have an open source of watches at msrp, i would recommend wearing it and forgetting about the flip.
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19 February 2019, 06:19 AM | #86 |
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Wear it, but make sure to keep the box and all the papers, tags, etc. Having the complete set of these will make life much easier for you should you one day wish to sell your watch. Keep them all in the same place, in the box.
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19 February 2019, 06:48 AM | #87 | |
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19 February 2019, 07:16 AM | #88 |
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Firstly, I only buy a watch if I like it and want it. Secondly, I don't buy a watch as an investment.
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19 February 2019, 07:29 AM | #89 |
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It is true that a lot of us have bought and sold but I've yet to see a recommendation to bung a new watch in the safe to maximize resale. It's pretty much universally held that wearing a watch is better than squeezing as much profit as possible out of it by sealing it up for the future enjoyment of the highest bidder. I'd have to agree.
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19 February 2019, 08:16 AM | #90 | |
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Wear it, love it and become part of the other sick people in this community. If you get down the road and its not everything you dreamed of, sell it and just try and get back to even $ and go a different direction. It happens, you buy a watch that may be a hard piece to get and after you have it on the wrist for a while, the tastes change and personal preference gets all jacked up and you don't even know what you are thinking because you are so far away from where you started and thats part of the fun. Cheers. |
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