Putting a PM Daytona away for 20 years...

[DonRickles]

How many can people can afford to turn a PM Daytona into a "Safe Queen" for 20 years. AND resist strapping it on your wrist?

That's my goal!

Of course in 20 years said Queen, will be a gift, to my first born Grandchild, not the investment aspect.

[Mathematoxic]

No idea. But I definitely cannot resist putting it on my wrist!

[JSolution]

I’d rather use the money to make money then buy the Daytona when he comes of age.

[subtona]

Originally Posted by JSolution

I’d rather use the money to make money then buy the Daytona when he comes of age.

[padi56]

Originally Posted by JSolution

I’d rather use the money to make money then buy the Daytona when he comes of age.

Like wise but to some now Rolex watches are little more than £$€ object things.

[DonRickles]

Originally Posted by padi56

Like wise but to some now Rolex watches are little more than £$€ object things.

Notice the “waiver” in my original post then compare it to these replies…… Almost everyone’s redirected the conversation to investments…..

If my grandfather handed me a 20 year old Rolex no matter the preference I’d be way more than stoked!!!!!

But this is not ever going to happen, my grandparents who were of minor means made me who I am.

I can with certainty guarantee a Rolex will be just as revered in 20 years as they are today!

[DonRickles]

Another passion of mine is Corvettes. I’ve owned, restored from ground up and driven them thousands of miles. Earning the highest awards on the planet. I am very lucky to have found a very low mileage (17,300 at purchase) ‘71 Big Block 4 sp. As I pulled away from the seller I turned and said, “ no one will see this car for sale in the next 20 years.” Now some 18 years later with a total of 18,500 miles on it, I’ve almost made my goal!

I do buy and hold! lol 😂

[ttomczak]

Originally Posted by DonRickles

Another passion of mine is Corvettes. I’ve owned, restored from ground up and driven them thousands of miles. Earning the highest awards on the planet. I am very lucky to have found a very low mileage (17,300 at purchase) ‘71 Big Block 4 sp. As I pulled away from the seller I turned and said, “ no one will see this car for sale in the next 20 years.” Now some 18 years later with a total of 18,500 miles on it, I’ve almost made my goal!

I do buy and hold! lol 😂

As a long time Vette owner (been driving them since the 70’s), this actually makes me sad, why have something this special and just not drive it…. That’s the bad part of this. It was meant to be enjoyed, not stored. I’ve never sold a vette that had less than 50k and many with more than that.

Just my 2 cents.

[soicanbefree]

Originally Posted by padi56

Like wise but to some now Rolex watches are little more than £$€ object things.

Is this a bot account?

It seems to type the same thing on every discussion.

[dlrolex]

Originally Posted by padi56

Like wise but to some now Rolex watches are little more than £$€ object things.

[DonRickles]

The consensus here is clearly opposed to the idea, and the large majority here also flipped the question towards the investment aspect....It can be said, they probably can't afford to do this.....

This one line I do think hits the grand slam:

"This entire forum is dedicated to people spending what many others regard as excessive amounts of money on what those others consider to be pointless objects."

Unless an unforeseen event occurs and my wife or I, find the need for these funds, it will sit in my safe (which isn't easily accessed), collecting dust....

Some may remember the history of my WG Daytona journey, and how the first one I purchased broke after only 52 days on my wrist. I do truly believe this was a sign, showing my disrespect for what I had. At that time, it was just a watch, worn with no real regard for how precious or artistic these small machines are. Yes, there are other manufacturers and one of a kind timepieces, but I like Rolex brand for as long as I can remember....

I do thank every single post here, it's the individual thoughts and ideas I love to listen to and learn!

Only 225 months to go!

[Goldnlivin]

Originally Posted by JSolution

I’d rather use the money to make money then buy the Daytona when he comes of age.

$45k over 20 years…. Surely you would do better investing the money! I agree! When 20 years comes, tell grandson to buy whatever he wants (within reason) :)

Rather wear a watch for 20 years and then gift it to someone special.

[JayHantz]

Originally Posted by JSolution

I’d rather use the money to make money then buy the Daytona when he comes of age.

[Politiceaux]

Sounds like a nice idea in theory. Hopefully the kid gives a damn about watches, particularly Rolexes and more particularly Daytonas. Seems like a lot of money spent in the hopes he does.

If he does like watches, chances are it will mean more if he identifies the watch with you from seeing you wear it.

[DonRickles]

Originally Posted by Mathematoxic

No idea. But I definitely cannot resist putting it on my wrist!

Not even once, did I pull it over my hand since it arrived over 15 months ago! My safe isn’t easily accessible which helps me from gazing too!

Originally Posted by JSolution

I’d rather use the money to make money then buy the Daytona when he comes of age.

Good reply but my retirement accounts real estate and random other investments are for making money, I’m all good there! But how many can say My Geandfather had the means to keep one BNIB?

Originally Posted by Politiceaux

Sounds like a nice idea in theory. Hopefully the kid gives a damn about watches, particularly Rolexes and more particularly Daytonas. Seems like a lot of money spent in the hopes he does.

If he does like watches, chances are it will mean more if he identifies the watch with you from seeing you wear it.

I’m very lucky to own several Rolexes, worn daily. These are “mine”. This Daytona is for the lucky child from my child! Who’s saying it’s a boy? lol 😂

[Bustelo]

Originally Posted by DonRickles

Not even once, did I pull it over my hand since it arrived over 15 months ago! My safe isn’t easily accessible which helps me from gazing too!

This is a world I don't even understand lol...

(Pssst- no one would know you tried it on!)

[OrangeSport]

Originally Posted by DonRickles

But how many can say My Geandfather had the means to keep one BNIB?

You sound truly awfully, tacky and cheap

You want the kid to think you were rich enough to put one aside rather than be proud to inherit something he saw you wear? Sounds like it’s all about you...

[doogan]

I think the watch would mean more to your grandchild if you wore and enjoyed it and then passed it on.

[cph81]

Buy 2. One for you, the another for your grandkid.

[DonRickles]

Originally Posted by doogan

I think the watch would mean more to your grandchild if you wore and enjoyed it and then passed it on.

That’s what the Sub and DJ are for! They will go to my kids!

Originally Posted by cph81

Buy 2. One for you, the another for your grandkid.

I like the way you think!

[jarecki]

Originally Posted by cph81

Buy 2. One for you, the another for your grandkid.

^This! Spoken like a true prodigy…

[Deep18]

Originally Posted by doogan

I think the watch would mean more to your grandchild if you wore and enjoyed it and then passed it on.

This 100%

[steve099]

Originally Posted by doogan

I think the watch would mean more to your grandchild if you wore and enjoyed it and then passed it on.

this.

[Bearxj86]

Originally Posted by DonRickles

How many can people can afford to turn a PM Daytona into a "Safe Queen" for 20 years. AND resist strapping it on your wrist?

That's my goal!

Of course in 20 years said Queen, will be a gift, to my first born Grandchild, not the investment aspect.

Depends how far away the safe is :)

[kirksingleton]

Stick the money in a s&p index fund.

[bp1000]

If you focussed on becoming a celebrity or someone in the public eye you could add more value than stickers ever could.

I think I’d rather wear it. Look at the oak collection; watches are classed as, as new or new old stock. I’ve had the pleasure of viewing these watches up close and they have scratches, they’ve been worn a little.

[Barada7]

It’s a gamble. It’s quite possible (likely?) unknown grandchild might have no use for it and immediately sell it.

If you really want to give your grandkid something prehistoric, maybe an actual dinosaur fossil or a meteorite dial Daytona?

[JSolution]

Hmm I don’t know if you’re grandchild will share the sentiment of “my grandfather was able to afford to keep this brand new in box” and in the same way that you see it - in 20 years it will just be an old (but new) watch. I would guess he would want the latest and greatest as most do these days.

If I were going down that route I would give him my watch that’s he’s actually seen me wearing over the last 20 years - I think that would be more sentimental.

Regardless it’s your decision to make and I’m sure he won’t turn his nose up at it. It’s nice to do nice things for people regardless :)

[Jerrocop]

Originally Posted by DonRickles

How many can people can afford to turn a PM Daytona into a "Safe Queen" for 20 years. AND resist strapping it on your wrist?

That's my goal!

Of course in 20 years said Queen, will be a gift, to my first born Grandchild, not the investment aspect.

I think it means more to you to be able to put it away than it’ll ever mean to your Grandchild. If history is any indicator I think it shows that progeny never appreciates wealth they didn’t earn.

[Giallo]

I’d find it difficult to start wearing a twenty year old unworn watch. I bought an unused collectable camera then bought another used one to actually use.