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4 September 2009, 09:05 PM | #1 |
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New to the "Rolex World" - Value Question
Hi, I recently purchased a used Rolex Submariner.
I am in the "investment" camp. I am a Gold and Silver Bullion Stacker and always looking for commodities and Items to hedge against the Dollar. Through research, I've found the Submariner to be the best at holding its Value. What are a couple other models that do well. I am about to buy a Datejust Diamond Dial for a little under 2K. Do you think that it will hold that value for the next 10 years or so or will it depreciate? Obviously I will be using them everyday as well because of the pure awesomeness of Rolex, but the added value allows me to buy more than I would normally buy because I can view them as "investments" as well as just a beautiful piece. |
4 September 2009, 09:53 PM | #2 |
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I have always heard that you never buy a watch as an investment so to speak. That being said, Rolex will likely HOLD its value if not increase over the years from all I have seen. I would not buy a Rolex with the idea of doubling your money in five or ten years etc. That being said, they joy of owning such a fine timepiece and the prestige of Rolex will give you the great feeling that only pride of ownership can, for years to come.
There are much better investment vehicles as you know, for hedging against the dollar in these uncertain times. Buy whatever Rolex model speaks to YOU, and wear it well and in good health. |
4 September 2009, 09:59 PM | #3 | ||
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4 September 2009, 10:06 PM | #4 |
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Rolex = Investment = NO
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4 September 2009, 10:08 PM | #5 |
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Welcome to the forum and the "Investment Camp". The submariner is the model that either people have in their collection or had in their collection. As I understand it, this watch is iconic and very popular (which means very little, but their is a reason for this).
Good luck! |
4 September 2009, 10:08 PM | #6 | |
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To me, If I can buy something for $4000, use it for 5 years and sell it for $4000, then its a good investment. I think the Submariner fits in this category for me. I'm simply asking if the other Rolexes can act the same way as this or do they fall in price over the years. Obviously if you bu new from an AD you are going to lose money, but I'm talking more about buying a used watch which have already taken the blunt of depreciation from the dealer. |
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4 September 2009, 10:22 PM | #7 |
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if the value of everything else you buy goes down, (Including the dollar) then an item that holds value becomes a good investment.
I believe that holding 5 rolex submariners that don't depreciate in value is a safer bet than having 20K cash in the bank at this point. |
4 September 2009, 10:33 PM | #8 |
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A pre-owned Rolex, like a Submariner, will definitely be better than holding the money in the bank.
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4 September 2009, 11:07 PM | #9 |
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The us dollar is another story and when you understand how it all fits in to a global 1 world government and future currency you can plan and act better.
I love my watches and honestly could care less if they are worth 0.I bought them all with disposable money.I dont get out a calculator and look at recent sales and say o man they are worth $$$.Buy them to enjoy them if you can get your money back at some point or make a profit its a bonus.
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5 September 2009, 10:44 AM | #10 |
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Welcome.
If holding their value is your plan look at the SS Daytona as an option. Purchased wisely most Rolex will "HOLD" of the long term. |
5 September 2009, 10:55 AM | #11 | |
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Quite honestly I like most of the Rolexes, so the fact that they don't lose any value, allows me to buy a bunch and enjoy a bunch. |
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5 September 2009, 10:56 AM | #12 |
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Watches and value
Welcome by the way. I bought a Tudor Submariner 79100 in 1989 for $652 (£408 in sterling) and have been offered $2750 (approx £1700) for it recently. Without calculating what my 408 quid would be worth if I saved it I know one thing. It wouldn't have given me anywhere near the absolute pleasure that my old faithful Tudor has over the years earning interest in the bank. Its now worth much more to me than just the cash value and possess memories and history of me - great for when I hand it to my son when he's old enough to appreciate it. For that reason alone you should go out, buy whatever Rolex you want and enjoy wearing it safe in the knowledge that it'll retain value as good as any other commodity, give you years of excellent service and still be in demand if you ever wish to sell.
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5 September 2009, 11:28 AM | #13 |
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5 September 2009, 11:29 AM | #14 | |
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This is exactly what I needed to hear. ;) Thanks alot. Will start building my collection as soon as I fully educate myself on the matter... |
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5 September 2009, 12:23 PM | #15 |
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Only the stainless steel models hold their retail value. With the gold or two tone models they will lose value initially but settle in at a lower price. Purchased second hand, the gold and two tone models will hold their value.
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5 September 2009, 12:42 PM | #16 |
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Where the heck can you get a DJ with a diamond dial for LESS than $2,000?!?!?
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5 September 2009, 12:48 PM | #17 |
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Welcome to TRF! You asked a good question and you've received pretty sound advice in reply. Also, by buying used, you're hedged. Looks like you're set to join the Rolex multiple-owners' club soon! Enjoy!
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6 September 2009, 10:15 PM | #18 | |
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I believe the diamond dial is an aftermarket upgrade, but they are real diamonds... selling price seems to be 2k-3k for used ones... Am I missing anything wrong on those? |
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6 September 2009, 10:28 PM | #19 |
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Interesting. One thing I've learned from perusing this forum is I'm not sure I'm interested in a Rolex with any aftermarket mods. Should a need arise to send it off to Rolex they require restoring it to factory original condition prior to fixing it, so the transaction could turn costly.
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7 September 2009, 06:54 AM | #20 |
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Something like this worth 2k?
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7 September 2009, 07:06 AM | #21 |
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the only advice i would give is... a sports model holds its value better... buy the best example you can afford... for a relative newbie, there is no better place than this forum to buy a rolex...
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7 September 2009, 09:58 AM | #22 | |
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7 September 2009, 10:01 AM | #23 |
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Buy the watch for the enjoyment or the status symbol of it. Not as an investment. However, judging by some of the used submariner watches I am looking to buy online, they seem to hold their value better than most other things. If you're into commodities? Natural gas my friend, but if you were a trader you would know that right? These lows for natural gas won't hold forever, plus winter season coming up. How about investing in some ng and buying more on dips as an investment to get that watch?
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7 September 2009, 10:07 AM | #24 | |
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If you don't hold it, you don't own it. |
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