Who here has made money on a Rolex?

[Mr. K]

Just wondering who here has made money on a Rolex?

I have sold three Rolexes, broke even on two OQs and took a bath on a TT DJ. But in fairness the TT DJ was bought new close to retail (my first watch). And I know TT watches don't hold value as well as SS and DJs not as well as sport models. Lost about $2K.

But just wondering how many out there have made money. I get the feeling JJ does okay, but how about the restof you guys?

And how long does it take before the resale value of your watch catches up with the paid price? Maybe 2 to 3 years?

I bought by SS sub date for $3200 about 4 years ago, I think I am finally in the black on that one, but my other watches have some catching up to do.

[Mr. K]

I must add though, I have complete faith that if you were to sell a watch, Rolex is the one to get your money back on.

[Blue Bull]

Rolex has made money out of me ....

Only sold one ,ever and lost very little after 6 years of use

[Mr. K]

Originally Posted by Blue Bull

Rolex has made money out of me ....

Only sold one ,ever and lost very little after 6 years of use

That is what I like to hear! So maybe a break even point is say 5-10 years?

Did you buy new or pre-owned?

[JJ Irani]

In the early '90s, back home in India, I always reaped good profits on all my Rollies 'cause the importation of Rolex back then was banned and there were no Rolex ADs in Bombay then.

Here in Auckland, I've taken small hits on most of them except for the last two - the Sub-date and the SD.

In reality, no watch is an investment - buy it and enjoy it. Flip it and lose a bit. That's life!!

JJ

[roadcarver]

I've lost on all of them... at the same time new to the watch world. I was eager to service them and when I didn't want them anymore, I couldn't get the $$ back on it.

I learned since then, only service the recent acquistion (preowned) if you know you are going to keep it.

[SPACE-DWELLER]

Originally Posted by JJ Irani

In reality, no watch is an investment - buy it and enjoy it. Flip it and lose a bit. That's life!!

JJ

Not quite true. The Daytona still is and probably will alwas stay an investment, but also it is the ONLY current Rolex model that is so

Now, if you go just a bit back, many Rolex vintage models sure a one heluva investment.

[Gaijin]

Originally Posted by JJ Irani

In the early '90s, back home in India, I always reaped good profits on all my Rollies 'cause the importation of Rolex back then was banned and there were no Rolex ADs in Bombay then.

Here in Auckland, I've taken small hits on most of them except for the last two - the Sub-date and the SD.

In reality, no watch is an investment - buy it and enjoy it. Flip it and lose a bit. That's life!!

JJ

Good advice. The enjoyment I get out of them makes up for any potential loss. I sold my Air King and donated all the money from the sale except $500 to charity.

[Rawhyde]

Originally Posted by JJ Irani

In the early '90s, back home in India, I always reaped good profits on all my Rollies 'cause the importation of Rolex back then was banned and there were no Rolex ADs in Bombay then.

Here in Auckland, I've taken small hits on most of them except for the last two - the Sub-date and the SD.

In reality, no watch is an investment - buy it and enjoy it. Flip it and lose a bit. That's life!!

JJ

Not sure I agree with this....

I gave $500 for an Air King. It has 2 months wear on is since its last visit to an RSC. Used AK's are going for $1500-2000 USD.

Sounds like a potential profit if I wanted to sell. Of course, 17 years have elapsed since I bought it.

Based on my eBay research (yeah, I know about eBay's problems), the Tudor Chrono that I paid $1100 for in 1996 would probably bring $2500-3000. Again, sounds like I could make a dime or two if I decided to sell.

If you hang on to them for a while before you flip (and keep it in good shape), it's not a money loser.

Rawhyde

[Blue Bull]

Originally Posted by Mr. K

That is what I like to hear! So maybe a break even point is say 5-10 years?

Did you buy new or pre-owned?

Break,even will be great,depending on what you paid for it.Thas why its so important to get a good deal on purchase.I bought new fron AD,but at an substantial discount.

I guess thats why Rolex is so popular.It has a value,anywhere in the world.If I sell it in a few years time and there's a little loss,so what ? I still had the enjoyment of wearing it for a few years.If I get 80% back after 5 years,its great !!

[JJ Irani]

I think this thread title should have read: Who here has LOST money on a Rolex?

[problmchylde]

I have.But of course....we are talking of vintage sports model. Sold two that i seldom wear......and made a small profit.Nothing significant......about USD$1400.

[Mr. K]

Originally Posted by problmchylde

I have.But of course....we are talking of vintage sports model. Sold two that i seldom wear......and made a small profit.Nothing significant......about USD$1400.

[SPACE-DWELLER]

On the three Daytonas 16520ies, I made one helluva money

On the rest I have had (Sub Dates, DJ and SDs) I lost some money.

[Mr. K]

Originally Posted by Spacedweller

On the three Daytonas 16520ies, I made one helluva money

On the rest I have had (Sub Dates, DJ and SDs) I lost some money.

Daytonas sure are golden. (Even though they are SS.)

[walds11]

It is a hobby for me. I am happy to break-even or incur a small loss. I never made money seling a Rolex, but I made money selling other models, ie. Panerai.

[Tools]

Made Money ??


I didn't know we were supposed to....

[S2000 Driver]

Originally Posted by Tools

Made Money ??


I didn't know we were supposed to....

Is this now a vendor site?

[alglez]

I had mad some money thats why I love this brand :)

[ohlins]

none cos i still own everyone of mine.............

[stlduckhunter]

I don't flip my watches. When I have inquired about it's value in a trade, I am always disappointed and keep the watch remembering the good times that I have had with it. I have only gotten rid of one Rollie, a SS Sub, and I still regret it.