Why the dive in pre loved WG and YG watch prices?

[cruvon]

I was looking at prices of pre loved Yellow Gold 16618 blue subs and White Gold 116519 Daytonas and though they are good looking watches, they seem to have dropped nearly 50% in value to todays RRP after a few years, instead of keeping up with inflation or being just a few K's less than todays RRP as is normally thought about Rolexes. Still perplexed why, would love to hear your thoughts on why the market prices them as such!

[jay1988]

It's not just "pre loved". Precious metal Rolexes can be had at a good 20% discount from your AD if you have a good relationship. I've heard as high as 25%.

As to why? Well maybe there isn't that much demand. If you want a gold watch, I doubt you want it to be second hand. Kind of diminishes the wow factor for some people. I would happily take a 5th hand gold Rolex though but I'm trying to think from the perspective of someone super rich. If you're showing off in front of your friends you don't want to be saying you bought your gold Rolex used.

I was talking to a SA at an AD who said that some precious metal watches sit in cases for years. He knew that my budget was £6k so it wasn't like I was a potential customer for those watches.

[mcorliss]

Though some precious metal feel nice and have unique dials, in general, I think a person is a dope for paying 3-4 times the price as for steel models.

Not casting stones because there are a few that I really like and may actually break down to pay up for them myself.

[datejusting]

They are just not that practical for every day wear because they scratch and dent so easily. If you try to polish out every scratch or dent they soon loose their original dimensions and new look.

[Billywiz]

The recent recession has delivered more onto the used market pace.

[Billywiz]

Originally Posted by datejusting

They are just not that practical for every day wear because they scratch and dent so easily. If you try to polish out every scratch or dent they soon loose their original dimensions and new look.

Nonsense...sorry but so misleading

[looking to buy]

Originally Posted by mcorliss

... I think a person is a dope for paying 3-4 times the price as for steel models.

Hmm never thought of myself as a dope. May need to reconsider.

[Billywiz]

Originally Posted by mcorliss

Though some precious metal feel nice and have unique dials, in general, I think a person is a dope for paying 3-4 times the price as for steel models.

Not casting stones because there are a few that I really like and may actually break down to pay up for them myself.

...another awe inspiring thread ...careful who you call a dope pal..says more about you than anyone else.

[HL65]

Originally Posted by mcorliss

Though some precious metal feel nice and have unique dials, in general, I think a person is a dope for paying 3-4 times the price as for steel models.

Not casting stones because there are a few that I really like and may actually break down to pay up for them myself.

Nice!

[zion_rasta]

Guys, sometimes it is not about "having the money".

I can buy 4 gold GMT2c right now cash if I really wanted to. But they are not practical.

Stainless steel looks good and can take a beating.

Same reason I drive a $42k Toyota SUV, instead of a $70k SUV, but ride a $15k bicycle instead of a $2k bike.

It is all in what you like...

[Billywiz]

Originally Posted by zion_rasta

Guys, sometimes it is not about "having the money".

I can buy 4 gold GMT2c right now cash if I really wanted to. But they are not practical.

Stainless steel looks good and can take a beating.

Same reason I drive a $42k Toyota SUV, instead of a $70k SUV, but ride a $15k bicycle instead of a $2k bike.

It is all in what you like...

Why not practical...I dont understand...sure its softer that SS but it is not soft in the literal sense and yes I wouldn't dig up the roads in one however I wear this one every weekday for last 5 years...I travel extensively and work regularly 60 hours a week of those about 16 only behind a desk...I think it holding up well.

[superdog]

It's about the market. There are less buyers for the more expensive precious metals.

Not as much demand = lesser resale.

I've two WG pieces. Pure love for me. Much better value than my SS because I won't flip them. Ultimately it's helping me save money.

[HL65]

I love non practical watches especially vintage ones with tropical/sunburst dials.

[zion_rasta]

Originally Posted by Billywiz

Why not practical...I dont understand...sure its softer that SS but it is not soft in the literal sense and yes I wouldn't dig up the roads in one however I wear this one every weekday for last 5 years...I travel extensively and work regularly 60 hours a week of those about 16 only behind a desk...I think it holding up well.

Impressive!

You must have your arm tied to your body ;-)

BTW that is a beautiful watch.

[Billywiz]

Originally Posted by zion_rasta

Impressive!

You must have your arm tied to your body ;-)

BTW that is a beautiful watch.

:)... Thats the point I dont.

[Billywiz]

Originally Posted by SteelerFan65

I love non practical watches especially vintage ones with tropical/sunburst dials.

Ouch....Me to

[kilyung]

The real question is why aren't you buying gold watches if they're 50% off!?

[versatile1]

Originally Posted by kilyung

The real question is why aren't you buying gold watches if they're 50% off!?

Good point!

[beshannon]

I prefer a watch to have a great movement. Paying more for gold to encase it is a very personal choice and I prefer not to pay the premium for gold.

[kieselguhr]

Originally Posted by superdog

It's about the market. There are less buyers for the more expensive precious metals.

Not as much demand = lesser resale.

I've two WG pieces. Pure love for me. Much better value than my SS because I won't flip them. Ultimately it's helping me save money.

Seth hit the nail on this one. Supply and demand.
I personally have a preference for precious metal models.
The low resale value will suit me just fine.

[AK797]

Originally Posted by jay1988

As to why? Well maybe there isn't that much demand. If you want a gold watch, I doubt you want it to be second hand. Kind of diminishes the wow factor for some people. I would happily take a 5th hand gold Rolex though but I'm trying to think from the perspective of someone super rich. If you're showing off in front of your friends you don't want to be saying you bought your gold Rolex used.

This is what happened to me. I was initially looking for a preowned gold watch to save some money but after seeing a couple with marks and dings I then thought if youre going to spend so much cash you might as well have one unworn and new. So Ill be buying with a 30% discount from a trusted UK seller, but if I could only buy from an AD for 15-20% off I would probably go used due to the poor resale which I always factoring in when tying up my capital.

[Soflobusinessman]

Originally Posted by zion_rasta

Guys, sometimes it is not about "having the money".

, but ride a $15k bicycle instead of a $2k bike.

It is all in what you like...

I'd like to see what a $15 k bike looks like, post a pic!

[beshannon]

Originally Posted by Soflobusinessman

I'd like to see what a $15 k bike looks like, post a pic!

I spent more on my bike than I spent on my Sub

If you omit precious metals which do nothing for a bicycle, this one is probably worth its cost much like the watches we buy

Beru Factor 001
Price: $27,750
Beru’s Factor 001 bike boasts the latest technologies from motor sport, from aerospace and from the world’s top materials research laboratories for the F1 sort of experience on its two wheels unlike conventional bicycles. The high-tech bike features a fully integrated, multi-channel ergonometric data recording system to track your athletic performance by collecting and analyzing laboratory-quality data in a real-world environment.

[motoikkyu]

Ha! Bike have a computer! Cool! It would analyze my data, lock up the brakes and insist on being sold to another, less stationary, human.

For some of us, it's more than budget constraints. I am frequently in social situations where yellow gold would be a liability: some groups in society are notoriously judgmental and I have found that I can wear an expensive steel watch (or a discrete WG) and no one notices, while a colleague with a non-elite full gold unit will get some disdain and ribbing. When I go to work in a housing project, I don't want to be thinking about having to change or hide my watch. So, my YG pieces are for weekends or vacations. Do I worry about theft? No, they are to be enjoyed: I'll be careful but not paranoid.

[LightOnAHill]

Originally Posted by mcorliss

I think a person is a dope for paying 3-4 times the price as for steel models.
:

This is an absolutely immature statement! really shows a bad reflection on YOU.

So what if it costs three times the steel model.

People don't just want the watch and don't think about the metal.


I always wanted a precious metal watch, and an 18k solid gold Rolex fit the bill.

Would a stainless steel watch fit that bill? No. It wouldn't.


Gold and platinum are special elements that require a supernova to create. Having some on your wrist, as a watch, really is something special.

Don't get me wrong, having steel on your wrist is special too because steel has done so much for humanity and a watch in that alloy celebrates that, but one is not better than the other or sufficient, as you allude...


I think you should rethink your thinking ...

[LightOnAHill]

Originally Posted by zion_rasta

Guys, sometimes it is not about "having the money".

I can buy 4 gold GMT2c right now cash if I really wanted to. But they are not practical.

Stainless steel looks good and can take a beating.

Same reason I drive a $42k Toyota SUV, instead of a $70k SUV, but ride a $15k bicycle instead of a $2k bike.

It is all in what you like...

+1

[zion_rasta]

Here is one of my bikes...

[mrhy]

Originally Posted by SteelerFan65

I love non practical watches especially vintage ones with tropical/sunburst dials.

Wow that's precious no matter what its made out of..........beauty

[T. Ferguson]

I'd say it is a little misleading to make the comparison between used prices and MSRP. The biggest reason is that TT and precious can be had at a pretty good discount new, and this has been for a while. There just aren't as many players for the more expensive versions of the SS watches and Rolex certainly gets a big premium over and above the actual precious content so there is some wiggle room to discount. So MSRP is not a good reference point for the precious models.

Take a look at the TRF classifieds and check what discounts are on NIB SS versus those with precious content and I think you'll get my point.

[Racerdj]

This is probably an illustration of Econ 101 Supply vs. Demand in real life.