"Safe Queens" - Who Here Actually Has One?

[illiguy]

I know some people buy and preserve a watch to pass down for a special occassion (i.e., child's graduation, wedding, etc.). I have also heard of others who keep a Safe Queen in hopes of the watch appreciating in value, but who here actually has a BNIB in the vault, and how much longer do you plan on keeping it that way?

[Widows Son]

Went to a GTG a couple of years ago. A fellow forum member actually bought 3 BNIB Rolex's at the AD we went to. He had no intention on wearing them. He said he was going to re-sell them at a later date. Explained that they would appreciate more than he could make with other investments.

[beshannon]

Originally Posted by Widows Son

Went to a GTG a couple of years ago. A fellow forum member actually bought 3 BNIB Rolex's at the AD we went to. He had no intention on wearing them. He said he was going to re-sell them at a later date. Explained that they would appreciate more than he could make with other investments.

Clearly a better watch buyer than investor!

[SeaAndSky]

Originally Posted by beshannon

Clearly a better watch buyer than investor!

Chuckling. . . I was thinking the same thing.

[dysondiver]

Originally Posted by Widows Son

Went to a GTG a couple of years ago. A fellow forum member actually bought 3 BNIB Rolex's at the AD we went to. He had no intention on wearing them. He said he was going to re-sell them at a later date. Explained that they would appreciate more than he could make with other investments.

just out of curiosity ,,, which did he think would apreciate

[beshannon]

Originally Posted by dysondiver

just out of curiosity ,,, which did he think would apreciate

As Rolex raises prices and inflation devalues currency, news cost more thereby dragging prices of older ones higher.

[ronricks]

Originally Posted by beshannon

As Rolex raises prices and inflation devalues currency, news cost more thereby dragging prices of older ones higher.

I know a guy that purchased 3 16610LV's back in 2005 and it worked out well for him when he sold them recently

[dysondiver]

Originally Posted by ronricks

I know a guy that purchased 3 16610LV's back in 2005 and it worked out well for him when he sold them recently

imagine if they had only been a one year watch

[dysondiver]

Originally Posted by beshannon

As Rolex raises prices and inflation devalues currency, news cost more thereby dragging prices of older ones higher.

after the initial ,,, there old and need serviced ,,, and , too many of them about , or ,,, too dear i can get one for half that ,,,,
i doubt the investment potential , unless it was a prince or something interesting , that was why i asked .... good luck to him genuinely ,, but ,,, premium bonds would have gotten my cash

[tomchicago]

Old watches, even BNIB, UNLESS they have unusual collector value (eg, COMEX, Pepsi with 3186), typically just stay below or, if you're lucky, around MSRP. They are NOT investments. They are expenditures with opportunity cost of what you could earn with the money invested elsewhere.

Originally Posted by beshannon

As Rolex raises prices and inflation devalues currency, news cost more thereby dragging prices of older ones higher.

[padi56]

Originally Posted by dysondiver

just out of curiosity ,,, which did he think would apreciate

Have to agree these types of posts make me smile and sad, to think that now to some Rolex watches are thought of as little more than $$$$£££££.I feel sorry for the guys who could not get a particular model because of those that had no intention of wearing and owning but just stored in the box and bought purely hoping to make a fast buck.

[Widows Son]

Originally Posted by dysondiver

just out of curiosity ,,, which did he think would apreciate

I truly don't remember, I never saw them. He did some back room dealing while I was raiding the food and drink provided by the AD His explanation made sense. He said he was only getting a couple of percent on his investments and said he could do better with the watches. I had no reason to doubt him, he could buy and sell me a couple of times over!!!

[beshannon]

Not me.

I wear everything I own. I have my fathers and grandfathers watches that they wore. They mean so much more to me that way than if they had been just sitting in a box for years with no history or events.

My son will get my watches as worn and he can remember when I bought them, where I wore them and how I used them!

[illiguy]

Originally Posted by beshannon

Not me.

I wear everything I own. I have my fathers and grandfathers watches that they wore. They mean so much more to me that way than if they had been just sitting in a box for years with no history or events.

My son will get my watches as worn and he can remember when I bought them, where I wore them and how I used them!

Awesome! I hope to do the same one day for my (yet to be born) son or daughter.

[Armyguy03]

The explorer I recently acquired was reported a queen. It was worn a few times, but for a decade old plus piece, it has lost ZERO time since I strapped it on a few days ago. The bracelet is clean, and came with all paperwork, including the carbon copied AMEX reciept, LOL.

[fishingbear]

No Safe Queens here. I plan on passing my watches down to my three children one day but I wear them all and will continue to do so until that day.

[swils8610]

Not me. Wear them all. It would drive me crazy to have a new watch I couldn't wear.


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[Colin M]

Also no safe queen here both will be passed onto my sons

[Rockrolex]

I don't have any safe queens. But neither do I buy to resell. I keep and wear everything I buy, from my 5 figure YG DD to my $100 Casio.

[incontrol]

I will pass my to my children as well but I wear them all. No safe queens here.

[MortgageGuy]

Another here without any safe queens, I buy to wear and wear alone. A Rolex IMO is certainly not an investment

[Base-Z]

I still have a pocket watch ticking away that my Great Grandfather bought on the day that my Grandfather was born back in 1895.
In money terms, the watch is worth next to nowt, in terms of history and memories to me, it's Priceless.

[Frosty]

Originally Posted by Base-Z

I still have a pocket watch ticking away that my Great Grandfather bought on the day that my Grandfather was born back in 1895.
In money terms, the watch is worth next to nowt, in terms of history and memories to me, it's Priceless.

I have one, a pocket watch that belonged to my Great, Great Grandfather (?). It is gold, heavy, and big with no name on the face. He was in Prussia and it has an inscription in German that I think says for 35 years of service, dated 1850. It does not run or I might use it. It has been in the family so long I am very leery about letting it out of my sight to have it repaired.

[ARTISAN]

I do,,,,,,,,,,,,,out of 8 watches I have ..I have only worn 2 so far , i buy the watches i like and they will be worn , at some stage,,,,,,,,,, i don't plan to sell any ,,,,,,,,,,,I will give 3 watches away to grand children , when they are older.
the 2 watches i wear are , ss Daytona [ white ] and gmt blnr.

[cop414]

No safe queens here but I understand the concept.

[up2nogood]

Ken does! But only because there's only so many days in the year, and only one arm to put 'em on.......

[JohnBaker3]

I have a safe but it's full of peashooters and silver. The watches have to fend for themselves out in the winder boxes.....none of them are BNIB....

Be safe.

[Racerdj]

I wear all on mine!

[Tudor Fan]

I may have some at some point.
I keep catching myself looking for Tudor Mini-Subs and Lady-Subs to buy for my kids. But they are both much too young now. But if I come across some nice examples I might just go for it and then they will sit until they have the kids have the right age.

[tfly212]

I like to be able to put a trailing stop on my investments if possible so I don't have any safe queens. If a watch I bought to enjoy happens to appreciate (as my panerais have) great, but I don't think it's a very wise investment for investment's sake. I think 100 shares of SPY is a much better way to park $18K for the next 10 years than a watch will be.