Rolex Daytona as a possible investment

[Oystersteel]

I miss JJ and the old days here at TRF

[kinyik]

Lol do you even like the Daytona. The good ole days of watch collecting has all but become a massive commodity game. Everyone and their friend is now a grey dealer.


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[PureCoconut]

Originally Posted by WestCoastS

Buy a piece to enjoy it invest in stocks, crypto, land

Doge?

[214270Explorer]

This forum is really degraded by all the investment posts.
OP- get yourself a REAL investment advisor and learn how to invest and what makes a real investment.

[Fleetlord]

Dollar amounts are simply too insignificant to be considered "investment" so you will not get any advice on that topic on this forum. sorry

[SeaDweller50]

Get your name on a list now. It’ll make a nice retirement gift for you.

[emtee]

How considerable a wait have you been quoted?

[Tools]

Originally Posted by Spice52

Thank you

yha its like most social media, some are "happy" to help a newbee some are not

Thanks lots

It's not about helping, your thoughts are impossible for anybody to forecast. We discuss watches, you want to discuss Investments, whatever that means to you.

Today people still don't recover their initial "investment" in the green glass Milgauss. Speculation and investment aren't always the same thing.

Rolex has always returned good value when bought at MSRP. Paying an exorbitantly high premium, and expecting something to continue in that direction indefinitely may not be the wisest financial decision.

[beshannon]

Originally Posted by Spice52

Thank you for a sensible reply

Originally Posted by Spice52

Thank you

yha its like most social media, some are "happy" to help a newbee some are not

Thanks lots

I asked you some very sensible questions, please answer them.

[Seddyspaghetti]

You’re obv new here.

To answer your question, yes i’ve done a similar thing.

[Solo118]

I usually do not like to answer such threads, but please think about what you are talking about. Keeping a piece of jewelry in a safe for years and years untouched, hoping it will gain value.

Who knows what tomorrow brings. Buy something to enjoy it, not to keep it in the back of a safe hoping it will be worth X amount of money. If it has been worn, enjoyed, serviced properly, maybe it will still be worth a pretty penny.

Sorry to say but I have lost interest in obtaining or wearing a SS Daytona. The stigma of wearing a watch that people are willing to pay 3x MSRP does not appeal to me at all.

That being said I am happy I went PM, as it is more value for your money.

[Pongster]

It only makes sense as an investment, if at all, if you get it at retail. Then you can possibly double your money in today’s market.

[padi56]

Originally Posted by Oystersteel

I miss JJ and the old days here at TRF

Yes the good old days when this was the best Rolex watch information forum on the net, that was before we become a investment, discontinued, value this or that,££££$$$$$€€€€ forum.

[Pw92676]

Welcome to the party. Better late than never I suppose.

[Davis&Co]

Yeah...someone mentioned 2016. We bought the HULK in December 2016 from DavidSW for $8300 new....below MSRP. So prices are NOT always UP over the longer term.

[emtee]

Originally Posted by Solo118

I usually do not like to answer such threads, but please think about what you are talking about. Keeping a piece of jewelry in a safe for years and years untouched, hoping it will gain value.

Who knows what tomorrow brings. Buy something to enjoy it, not to keep it in the back of a safe hoping it will be worth X amount of money. If it has been worn, enjoyed, serviced properly, maybe it will still be worth a pretty penny.

Sorry to say but I have lost interest in obtaining or wearing a SS Daytona. The stigma of wearing a watch that people are willing to pay 3x MSRP does not appeal to me at all.

That being said I am happy I went PM, as it is more value for your money.

How is buying a Rolex and leaving it in a safe hoping to sell if for profit later on any different than purchasing stocks and leaving them in your brokerage account and hoping to sell them for profit later on?

[beshannon]

Originally Posted by emtee

How is buying a Rolex and leaving it in a safe hoping to sell if for profit later on any different than purchasing stocks and leaving them in your brokerage account and hoping to sell them for profit later on?

Hope has never been a viable investment strategy.

Again I ask, how much are you looking for a return on your investment? How long do you intend to have the capital tied up? What other use do you have for the capital?

No one evers asnwers because the "investment" is merely an excuse to spend money on high end luxury jewelry.

[Marcjvr]

Originally Posted by Oystersteel

I miss JJ and the old days here at TRF

Longing for the old days is just going to hinder you from enjoying the current one

[bp1000]

Originally Posted by padi56

Yes the good old days when this was the best Rolex watch information forum on the net, that was before we become a investment, discontinued, value this or that,££££$$$$$€€€€ forum.

Indeed

I posted a decent review of the new Tudor chrono only for 2 threads on investments and values today to wrack up 8x more posts in 6 hours than my watch centric review in 2 days

[VogelPhoenix]

Originally Posted by Spice52

There is a considerable waiting list at present....

and that's where this investment plan dies...

[Robf52]

Originally Posted by arcampado

Welcome to the forum. OP, word of advice... do a quick search on the forum to look for an answer to your question before starting a thread. And yes, this has been discussed MANY times before on here.

IBTL

This.

[McinRolex]

Go into an AD and ask which piece is the best for value and investment point.

I am sure they will guide you to right direction! Good luck!

[2nastie]

Originally Posted by Spice52

I've always loved the Rolex black face Daytona.

Im thinking of buying one to hopefully use on very special occasions, and keep as a possible investment.

Anyone done a similar thing?

There is a considerable waiting list at present, what concerns me is if "after i hopefully" buy the watch is "if" i need to sell in 3, 4, 5 years time what the valve would be, appreciate its all about conditions etc but if it was A1 condition would it be worth the same, less, or maybe even more??

I like the Daytona the best, but are there other Rolex's which hold or go up in value?(better than the Daytona)

Many thanks
Marcus

Marcus, use the search button.

[Daveclock]

Originally Posted by McinRolex

Go into an AD and ask which piece is the best for value and investment point.

I am sure they will guide you to right direction! Good luck!

Good luck with that!!!!
The AD will likely tuck you up with a ladies DJ or similar

[Meyrin]

Originally Posted by padi56

Yes the good old days when this was the best Rolex watch information forum on the net, that was before we become a investment, discontinued, value this or that,££££$$$$$€€€€ forum.

You forgot the "I scratched my Rolex what should I do now", "My Rolex is running 3,01248 secs fast per day" and "Can I mow the lawn wearing my new Sub" threads...

[Shadow Play]

I do wish some people would consider other people before posting. Too many people are more worried about how their hobby may be / is effected by people buying watches as a possible investment. Why shouldn’t other people get their enjoyment out of watches, even if their angle is slightly different?

I also have to laugh at some of the people saying the sums of money are too small to consider being an investment. Yes, in the grand scheme of things a £10k profit will not make any meaningful difference to most of us but it is still not an insignificant bonus.

I wonder if all the people scoffing at a £10k profit really don’t worry about the odd £10k here and there when it comes to tipping the waiter, giving to charity etc etc?

[Macnavara]

Originally Posted by Spice52

I've always loved the Rolex black face Daytona.

Im thinking of buying one to hopefully use on very special occasions, and keep as a possible investment.

Anyone done a similar thing?

There is a considerable waiting list at present, what concerns me is if "after i hopefully" buy the watch is "if" i need to sell in 3, 4, 5 years time what the valve would be, appreciate its all about conditions etc but if it was A1 condition would it be worth the same, less, or maybe even more??

I like the Daytona the best, but are there other Rolex's which hold or go up in value?(better than the Daytona)

Many thanks
Marcus

I cant help you as i buy my watches to wear....infact i wear a black dial 116500 24 7....sleep in it did the garden yesterday...swim in it sleep with it grouted a floor wearing it the other day.....i guess it’s probably only worth a grand less than an unworn one .....is it really worth not enjoying it for a grand....i dont think so

[airchitect]

Originally Posted by Deepsea Florida

Makes MUCH more sense than a marriage and a divorce.
Divorce = 50% half price sale !

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[beshannon]

Originally Posted by Shadow Play

I do wish some people would consider other people before posting.

I agree!

[Gab27]

My recommendation if buying one is to assume that its value will plummet to virtually nothing. If that bothers you, don't buy it.

Also, if you get one, please enjoy it as it should be enjoyed and wear it every day.