ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Calatrava r · 12 January 2020, 08:09 AM

The key is not to buy pieces you do not intend to keep a while. Harder said than done. But it is important on models which take severe depreciation.

garyk · 12 January 2020, 08:10 AM

Quote:

Originally Posted by timepieceluvr

The wife said if I gave up hookers and blow I could buy all the watches I want

Hahaha!!!

FinWatch · 12 January 2020, 08:46 AM

Quote:

Originally Posted by davidb

I try to offset my "addictions" with financial contributions to my community. I'm in a very fortunate place in my life and I like to "share the wealth". Life is good.

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garyk · 12 January 2020, 09:12 AM

Originally Posted by davidb View Post
I try to offset my "addictions" with financial contributions to my community. I'm in a very fortunate place in my life and I like to "share the wealth". Life is good.

Of course. I’ll bet a lot of folks here are in a similar position. Well said!

DGB · 12 January 2020, 07:47 PM

Started with a small Speedy triple date, then got a GMT 2?and discovered it was a 3186 so I naturally went into the rabbit hole of various versions.
So I focussed on the last versions of Sport models as they are a bit harder to get. A kind of to keep the “pleasure of hunting” a bit longer.
Then moved to AP, and Blancpain after that, followed by FP Journe.
Now I am aiming at Patek, Breguet and ALS.
Every purchase is more and more expensive.
Not sure I can contain myself.
Addiction you say ?

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Sublovin · 12 January 2020, 10:29 PM

Quote:

Originally Posted by SilverFoxUK

Does anyone recognize this pattern and think it's dangerous? Obviously if your spend is say <5% of your total wealth...no worries. With me the percentage is getting quite high...I think I might need an intervention or watch rehab or something

A high percentage of your total wealth is watches? Not a great idea in my opinion

medtner · 13 January 2020, 01:55 AM

Very interesting discussion and nice stories. I really feel this, l was looking for one Rolex, the minute l got, started looking for another. My rationale was to have one for every day and another for dress up events. Now that I have 2 and a 3rd on the way, my total goal is 6.
I personally feel that the lack of the SS is fueling this hunt, I entered Rolex world last year, not sure if this would be the same if you go to AD and find all watches you want.
I personally feel that Rolexes keep better value when compared to cars ( some retaind value) and fashion, shoes ( no value at all).
Life is short, enjoy!

rockdrock · 13 January 2020, 05:29 AM

Quote:

Originally Posted by Rolex_AG

My thought is to limit it to a certain number. For me that’s currently 5.

So if you wanna add one, one or more have to go.

Ditto_ currently thinning the collection.

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rockdrock · 13 January 2020, 05:32 AM

Quote:

Originally Posted by davidb

I try to offset my "addictions" with financial contributions to my community. I'm in a very fortunate place in my life and I like to "share the wealth". Life is good.

Bravo. I need to do this.

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HogwldFLTR · 13 January 2020, 05:42 AM

I can ID with the OP's premise; I've come close but after selling 18 and saving only three I feel like I've g=come back from the edge. Toned down my purchases to something more affordable.

zengineer · 13 January 2020, 06:26 AM

I make sure to keep the cost of the total collection under what my car is worth...so I just sold my pickup bought a new BMW.

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Mlgatl · 16 January 2020, 11:35 PM

Quote:

Originally Posted by mk2jag

I am not an addict or a collector.
I do own 6 nice watches: 2 rolex, 2 omega's (one of which is a 1947 Seamaster which I inherited) a Tudor gmt, and a Heuer SE chronograph . I am simply said 'a watch lover' and enjoy wearing, researching and learning about these wonderful mechanical timepieces....

I’m a Chinese food lover and I’m not hanging on one a Chinese food forum posting about not being addicted fo Chinese food. I would embrace collector at least.....

Mlgatl · 16 January 2020, 11:48 PM

Well I got to this threat by searching for addiction on the forum.....

I started about 20 years ago with having my grandfather’s Omega brought back to life. I started collecting Omegas heavily. Mostly vintage. Got rid of most of the vintage and then moved on to more contemporary Omega. Kept those, had a kid and backed off for a couple of years.

Over the past 5 years in go in an out. Have sold a few bought bought more. Something usually gets me back in. Like I need to buy a gift for someone and then I am reignited for a few months. That never ends without me getting something.

This time it was turning 50. Still a few weeks to go. I wanted to buy a gold watch. Seemed like the right self-gift without a doubt. I mean what else would I get for me for my 50th.

Low and behold after today I’ll will have bought 4 watches maybe 5 depending on auction. Not planned. I feel pretty compelled. I got up to pee last night (I guess that comes with 50) and thought of the watch I had out and put it on and went back to sleep with it.

I would never admit to anyone I know much I have in my collection.

Sounds bad right....

IndianRider · 17 January 2020, 01:31 AM

What makes it easier today is that the Rolex market is doing so well. My main concern would be snatching a lot of hot pieces today, then seeing them drop in the next couple years. Kinda like the bitcoin craze. Hope the Rolex bubble doesn't burst. Eh, whatever happens, at least they'll hold up nicer over the years than tulips

mk2jag · 17 January 2020, 04:21 AM

Quote:

Originally Posted by Mystro

A addiction is an addiction. It can come in many forms. What scary that we see more often on this forum is the approval from social media with their purchase which fuels the next purchase.

It’s the....”I just purchased X Rolex, now what is the next one I should be going after??” How about enjoying what you have and see how it fits into your lifestyle. If you purchased correctly, you shouldn’t need another. Even more disturbing is those buying these luxury watches and struggling to afford them within their overall lifestyle. Having to eat Bologna and hotdogs to afford a Rolex isn’t “living the dream” in the grand scheme of life.
Watches are not a investment regardless how it’s twisted to enable a expensive luxury purchase.

I would agree with you 100% but I don't mind a few hot dogs once and a while in order to get something I really want and have worked hard to realise........

JPMickB83 · 20 July 2020, 11:54 PM

Quote:

Originally Posted by zengineer

I make sure to keep the cost of the total collection under what my car is worth...so I just sold my pickup bought a new BMW.

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Lol

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subprimero · 21 July 2020, 12:35 AM

I've filled my mechanical watch box. Now it's one in one out and I can't really think of any that I would replace.

DC116710LN · 21 July 2020, 12:48 AM

Last year, I purchased a medium sized Pelican case that can hold 6 watches. I told myself I would not purchase another case. At the moment, I own 3 pieces (2 Rolex, 1 Patek), with 3 more on my wishlist. After that, I plan to start a one in, one out policy.

From a financial standpoint, I try to only spend what I can afford to lose. Rolexes do tend to hold their value but before any purchase, I ask myself : if this watch were to lose most or all value, would I be financially stable and mentally content with the purchase?

AF_Rob · 21 July 2020, 12:57 AM

It's interesting how I can spend X amount on one piece 5 times but cannot spend X amount times 5 on one.

So, I guess that makes me a collector?

JPMickB83 · 21 July 2020, 01:26 AM

Quote:

Originally Posted by AF_Rob

It's interesting how I can spend X amount on one piece 5 times but cannot spend X amount times 5 on one.

So, I guess that makes me a collector?

That was me for a while, but I kept graduating. It started with, “I could never spend more than $200 on a watch...”. I’m currently at, “I could never spend more than $20k on a watch...”.

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ERH · 22 July 2020, 06:15 AM

Why is collecting an issue, for some it is art, others cars, others real estate. The only test as to whether it is out of hand is whether the spend is more than can be afforded.

Nidal · 22 July 2020, 12:46 PM

Quote:

Originally Posted by ERH

Why is collecting an issue, for some it is art, others cars, others real estate. The only test as to whether it is out of hand is whether the spend is more than can be afforded.

People buy 60 k cars that they sell or trade for 15 k a few years later. You buy 8 k watch and sell it for same money or more years later

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12 January 2020, 09:12 AM	#64
garyk 2024 Pledge Member Join Date: Oct 2009 Real Name: Gary Location: USA Watch: Daytona Posts: 11,075	Originally Posted by davidb View Post I try to offset my "addictions" with financial contributions to my community. I'm in a very fortunate place in my life and I like to "share the wealth". Life is good. Of course. I’ll bet a lot of folks here are in a similar position. Well said! __________________

13 January 2020, 05:42 AM	#70
HogwldFLTR 2024 Pledge Member Join Date: Aug 2012 Real Name: Lee Location: 42.48.45N70.48.48 Watch: What's on my wrist Posts: 33,256	I can ID with the OP's premise; I've come close but after selling 18 and saving only three I feel like I've g=come back from the edge. Toned down my purchases to something more affordable. __________________ Troglodyte in residence! https://www.rolexforums.com/showthread.php?t=808599

12 January 2020, 08:09 AM	#61
Calatrava r 2024 Pledge Member Join Date: Mar 2017 Location: United States Watch: Rolex and Patek Posts: 10,651	The key is not to buy pieces you do not intend to keep a while. Harder said than done. But it is important on models which take severe depreciation.

12 January 2020, 07:47 PM	#65
DGB "TRF" Member Join Date: Mar 2017 Location: uk Posts: 990	Started with a small Speedy triple date, then got a GMT 2?and discovered it was a 3186 so I naturally went into the rabbit hole of various versions. So I focussed on the last versions of Sport models as they are a bit harder to get. A kind of to keep the “pleasure of hunting” a bit longer. Then moved to AP, and Blancpain after that, followed by FP Journe. Now I am aiming at Patek, Breguet and ALS. Every purchase is more and more expensive. Not sure I can contain myself. Addiction you say ? Sent from my iPhone using Tapatalk

13 January 2020, 01:55 AM	#67
medtner "TRF" Member Join Date: Dec 2018 Location: USA Posts: 115	Very interesting discussion and nice stories. I really feel this, l was looking for one Rolex, the minute l got, started looking for another. My rationale was to have one for every day and another for dress up events. Now that I have 2 and a 3rd on the way, my total goal is 6. I personally feel that the lack of the SS is fueling this hunt, I entered Rolex world last year, not sure if this would be the same if you go to AD and find all watches you want. I personally feel that Rolexes keep better value when compared to cars ( some retaind value) and fashion, shoes ( no value at all). Life is short, enjoy!

13 January 2020, 06:26 AM	#71
zengineer "TRF" Member Join Date: Jul 2016 Location: Michigan Posts: 4,573	I make sure to keep the cost of the total collection under what my car is worth...so I just sold my pickup bought a new BMW. Sent from my SM-G960U using Tapatalk

16 January 2020, 11:48 PM	#73
Mlgatl "TRF" Member Join Date: Aug 2016 Real Name: Thanos II Location: Georgia Posts: 97	Well I got to this threat by searching for addiction on the forum..... I started about 20 years ago with having my grandfather’s Omega brought back to life. I started collecting Omegas heavily. Mostly vintage. Got rid of most of the vintage and then moved on to more contemporary Omega. Kept those, had a kid and backed off for a couple of years. Over the past 5 years in go in an out. Have sold a few bought bought more. Something usually gets me back in. Like I need to buy a gift for someone and then I am reignited for a few months. That never ends without me getting something. This time it was turning 50. Still a few weeks to go. I wanted to buy a gold watch. Seemed like the right self-gift without a doubt. I mean what else would I get for me for my 50th. Low and behold after today I’ll will have bought 4 watches maybe 5 depending on auction. Not planned. I feel pretty compelled. I got up to pee last night (I guess that comes with 50) and thought of the watch I had out and put it on and went back to sleep with it. I would never admit to anyone I know much I have in my collection. Sounds bad right....

17 January 2020, 01:31 AM	#74
IndianRider Banned Join Date: Jan 2020 Location: on the road Watch: ing shameless Posts: 569	What makes it easier today is that the Rolex market is doing so well. My main concern would be snatching a lot of hot pieces today, then seeing them drop in the next couple years. Kinda like the bitcoin craze. Hope the Rolex bubble doesn't burst. Eh, whatever happens, at least they'll hold up nicer over the years than tulips

21 July 2020, 12:35 AM	#77
subprimero "TRF" Member Join Date: Jun 2013 Real Name: John Location: Texas Watch: 14060 Posts: 3,431	I've filled my mechanical watch box. Now it's one in one out and I can't really think of any that I would replace.

21 July 2020, 12:48 AM	#78
DC116710LN "TRF" Member Join Date: Jul 2020 Location: US Posts: 1,018	Last year, I purchased a medium sized Pelican case that can hold 6 watches. I told myself I would not purchase another case. At the moment, I own 3 pieces (2 Rolex, 1 Patek), with 3 more on my wishlist. After that, I plan to start a one in, one out policy. From a financial standpoint, I try to only spend what I can afford to lose. Rolexes do tend to hold their value but before any purchase, I ask myself : if this watch were to lose most or all value, would I be financially stable and mentally content with the purchase?

21 July 2020, 12:57 AM	#79
AF_Rob "TRF" Member Join Date: May 2012 Real Name: Rob Location: Virginia Watch: Sub/Polar/OP/BB Posts: 4,516	It's interesting how I can spend X amount on one piece 5 times but cannot spend X amount times 5 on one. So, I guess that makes me a collector?

22 July 2020, 06:15 AM	#81
ERH "TRF" Member Join Date: Apr 2020 Location: Texas Watch: Rolex Explorer II Posts: 344	Why is collecting an issue, for some it is art, others cars, others real estate. The only test as to whether it is out of hand is whether the spend is more than can be afforded.

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