ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
31 October 2012, 12:28 AM | #1 |
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rolex as investment, Hmmm what does WSJ have to say?
Check out this recent article in wall street journal
http://mobile2.wsj.com/device/articl...googlenews_wsj If link doesn't work find it with this search "Wsj so you think you want to invest"
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31 October 2012, 12:50 AM | #2 |
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That link brings me to WSJ, and searching what you says on google brings me to this thread and searching on WSJ I just find a lot of other stuff.
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31 October 2012, 12:51 AM | #3 |
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31 October 2012, 03:01 AM | #4 |
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Link worked for me this morning. Thanks for posting!!
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31 October 2012, 03:04 AM | #5 |
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cant find it.
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31 October 2012, 03:09 AM | #6 |
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Here are two additional links in case the original link the OP posted does not work for you. Hope one of these might.
http://online.wsj.com/article/SB1000...googlenews_wsj http://online.wsj.com/article/SB1000...307480808.html
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(Member NAWCC since 1976) 116713LN GMT-IIc 18k/SS (Z) + 116520 SS Daytona (M) + 16700 GMT Master (A) + 16610LV Submariner (V) + 16600 Sea Dweller (Z) + 116400 Milgauss White Dial (V) + 70330N Tudor Heritage Chronograph Grey w/Black Sub Dials (J) + 5513 Submariner Serif Dial (5.2 Mil) Who else needs an Intervention? (109 297) (137 237) (73 115) (221) (23) (56) (229) P-Club Member #5 RIP JJ Irani - TRF Legend |
31 October 2012, 03:09 AM | #7 |
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Here is the article: http://online.wsj.com/article/SB1000...want+to+invest
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31 October 2012, 03:20 AM | #8 |
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Investing in hard assets requires knowledge and an eye for long-term value.
If it was a great opportunity, methinks the Oracle of Omaha would be into it. Many TRF'ers are eminently qualified to invest and prolly have great collections that appreciate. For me, it's more gratifying to wear and enjoy.
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31 October 2012, 03:23 AM | #9 |
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Link worked for me! Pretty cool article although as an addict, it would've been cool to see them go more in depth with Rolex information ; ) haha... In reality though, there aren't many investments that are more of a sure thing in terms of a guaranteed return nowadays...
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31 October 2012, 06:12 AM | #10 |
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I was actually interviewed about a year ago for a similar story by a reporter for NPR. I guess he couldn't sell it to the higher ups. I had fun talking about watches as I always do and of course, he had his own personal questions to ask.
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31 October 2012, 07:45 AM | #11 |
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They are talking about rare watches as an investment. That would not include any current model you can buy from a Rolex a d.
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31 October 2012, 08:00 AM | #12 |
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Exactly. They're talking about small batch/limited editions of tourbillons and minute repeaters made by Patek and Lange, not mass market brands like Rolex or Omega.
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31 October 2012, 09:35 AM | #13 |
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These investment watches aren't your everyday Sub.
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31 October 2012, 09:37 AM | #14 |
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Wish I could get 75% back on my unused sub... Don't think it's an investment!
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31 October 2012, 10:26 AM | #15 |
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What's the gist of the article?
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31 October 2012, 10:38 AM | #16 |
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I saw the article...it confirmed what I've been told many times, that a Rolex on the wrist can instantly convert into cash in many countries.
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1 November 2012, 06:08 PM | #17 | |
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Quote:
Imho this is something of a myth... a Rolex can be converted into cash - as can most jewellery - but how much, and from whom? I expect the reality is much less attractive than 'instant cash' sounds. In my humble experience, used watch dealers will either offer you rock bottom or (more likely) want a commission sale arrangement. Of course Rolex is an internationally recognised brand and arguably has the easiest resale of all watch brands (depending on the model), so this helps I would like to hear from someone who has actually done this in a foreign city i.e. liquidised their watch to help in a difficult situation
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1 November 2012, 06:21 PM | #18 |
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Thanks for the link.
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1 November 2012, 07:33 PM | #19 | |
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Quote:
The 'want' or 'availability' factor might increase the desirability of particular models and WE all know the cost of that factor. Yes a Rolex can be converted to cash - visit any pawn shop.
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1 November 2012, 08:15 PM | #20 |
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1 November 2012, 09:06 PM | #21 | |
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Quote:
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1 November 2012, 09:33 PM | #22 |
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2 November 2012, 02:37 AM | #23 |
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2 November 2012, 03:07 AM | #24 |
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Thank you for the read!
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2 November 2012, 03:08 PM | #25 | |
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Quote:
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2 November 2012, 03:20 PM | #26 | |
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Quote:
Good move, I would say I guess 'instant cash' was on the perp's mind... glad you are OK
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8 November 2012, 11:57 AM | #27 | |
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Quote:
I don't think sothebys has gotten anywhere near that kind of return at their auctions!
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8 November 2012, 12:45 PM | #28 |
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So much for all those guys who say "I don't care about the papers and the box."
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8 November 2012, 01:07 PM | #29 |
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I have collected watches over for over 15 years. I actually traded in the early 2000's for a couple of years on the side to fuel my passion. You can make money on watches. There is a global market for it but you have to be extremely active to make money. Simular to a hedge fund. Some Of the comments above are spot on. It is how you buy and when you sell it that makes it an investment or not. If you don't do it full time like a trader, don't think of it as a investment. It is a consumption.
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8 November 2012, 01:33 PM | #30 |
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It is interesting that part about a good rolex being universal currency. In 2003 I was in Astrakhan Russia needing about five thousand USD, not to go into details but it would have really, really, sucked if I could not get the cash.
I called my main bank (Wells) where I had plenty of money... nothing. Thank god for my Citibank card, they came through for me, found the closest place and called a head to get things cleared. I guess writing that I could have flown back to Moscow, got money, and flown back, or maybe Volgograd? In any event interesting that Rolex has a universal name and worth. (Not going to travel with my original papers and boxes though :-) |
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