How important is resale value ?

[L-16610]

We know our watches (definitely SS sportsrolexes) keep pretty good value
A Sub 16610 drops no more than 30-35 % below list while a lot of other brands will drop 50 till 70% .

Is the resale value an important factor when you decide to buy a new watch ?

vote; 10 is VERY important 1 = not at all

[pz93c]

I give it an 8.

I don't buy new, though. I buy used, so I don't take that initial hit.

[Yoreese]

I would say it's important, but I try not to sell my watches anymore.

[psv]

It all depends on how you define the scale. Anyone saying it is not important is lying (in public or to him/herself). No one would buy a Rolex for $7-8K if it was worth 10% of that the week after.

It doesn't matter if you never plan to sell the watch, it factors in to the buying process and it is one of the key factors to Rolex success in the long run.

[TempoKing]

I would say future rarity rather than resale value

[axecollector65]

Originally Posted by TempoKing

I would say future rarity rather than resale value

doesn't that dictate resale value?

[Chipmunk]

I must like it first before I even think of resale value.

[Rags]

I also prefer pre loved over new. So the initial cost doesn't factor in for me.

[dmacintyre]

Unlike a lot of the other stuff I collect I do not acquire watches with the intention of selling them. I voted 5 as I wouldn't buy something I knew would plummet in value but I am otherwise not too worried about resale, especially with a Rolex.

[mimisiq]

Originally Posted by psv

It all depends on how you define the scale. Anyone saying it is not important is lying (in public or to him/herself). No one would buy a Rolex for $7-8K if it was worth 10% of that the week after.

It doesn't matter if you never plan to sell the watch, it factors in to the buying process and it is one of the key factors to Rolex success in the long run.

I don't agree. If it was true, nobody would buy a new car as a car worth 10% (while still working) after 10 years.

When you buy clothes, you lose much too. When you travel you lose 100%.

[TyCoon53]

I am new to the Rolex fervor having bought my first just six weeks ago. What amazed me was the value of 8, 10, 15 year old Rolex watches. Even though they are listed for 40% to 50% of a NEW watch, they probably are close to their original selling price. And these are watches without precious metals in them. There are very few products that retain their value that way.

[Yazo]

10 - that's why I'm all vintage now....

[newmedia]

main reason Rolex watches are higher in demand is proven resale value, nice , well made watches that people know it also cost $$$$. Buying used or buying vintage pretty much guarantees break even point when time to sell.
I am more of verity swiss watch collector , I buy watches based on size, movements, shape and metals used rather than just owning one brand. I buy used , so when I flip it , I keep My loses to minimum .

[HL65]

Originally Posted by Yazo

10 - that's why I'm all vintage now....

X2!!!!

[pz93c]

Originally Posted by TyCoon53

I am new to the Rolex fervor having bought my first just six weeks ago. What amazed me was the value of 8, 10, 15 year old Rolex watches. Even though they are listed for 40% to 50% of a NEW watch, they probably are close to their original selling price. And these are watches without precious metals in them. There are very few products that retain their value that way.

Most, if not all, vintage are 10X their original selling price. Even the steel DateJust. But I'm talking 40 years, not 10-15.

[wokafu]

I say the resale value is an added 'bonus' for me because it just makes me feel more 'secure' knowing that the product reputation/brand still hold its value and deserved the 'respect'...

[Alcan]

I clicked 1.

I've never bought a watch with the intention or thought of eventually selling it. I buy them because I want them. All are keepers, from the most obscure Roskopf or Fabre Leuba to the irreplaceable W&D, and all currently have specified beneficiaries in my will.

[GradyPhilpott]

I voted the middle of the scale because the value retention is a purely theoretical issue for me.

I'm glad that my watches will hold their value and may even appreciate under the right circumstances, but that's not why I bought them and certainly, they will not be sold in my lifetime.

[Newportkrieger]

I voted "1".. I NEVER SELL.....

[hacampbell1360]

The "like factor" has to be 10.
the "resale factor" has to be 9

Although I do not plan to sell my watch, But it is nice to know that a few years from now, it still retain most if not all of its original value.

[Dr. Robert]

#8

[esm]

My head says 10, but my heart says 1.

[timeisfathaoftruth]

Originally Posted by dmacintyre

Unlike a lot of the other stuff I collect I do not acquire watches with the intention of selling them. I voted 5 as I wouldn't buy something I knew would plummet in value but I am otherwise not too worried about resale, especially with a Rolex.

To say that you are otherwise not too worried about the resale value "especially with rolex"; may imply that at least a significant part of the reason that you buy rolex may be because of it's resale value...Do you currently buy any brad of watches that would suffer a loss of 75% afer one year?

[HL65]

I think my perspective is not going into a watch acquisition with the mind set of selling it someday but rather buying a watch that has great potential -current and future for being desirable and worthy as a collector piece. Again--vintage is a whole different story.

[theloxmyth]

Originally Posted by esm

My head says 10, but my heart says 1.

I voted one, also.

If I get rid of one, it will most likely be in a trade for a different style.

My heart's in buy mode...but I'm married.

[sea-dweller]

I give it an 8 (quite important) for me.

[mimisiq]

Originally Posted by TyCoon53

I am new to the Rolex fervor having bought my first just six weeks ago. What amazed me was the value of 8, 10, 15 year old Rolex watches. Even though they are listed for 40% to 50% of a NEW watch, they probably are close to their original selling price. And these are watches without precious metals in them. There are very few products that retain their value that way.

True but it is the case for all good watches brands because of the big price increases in watches industry (+10% per year?)

And it is more 70% of the price than 40% if you look at the sport models.

[mimisiq]

Originally Posted by wokafu

I say the resale value is an added 'bonus' for me because it just makes me feel more 'secure' knowing that the product reputation/brand still hold its value and deserved the 'respect'...

Agree.

That allows you to spend more with no buyer's fear to have spend to much in a watch.

Most people who buy a Rolex don't spend every month the same amount on a item. They often save up for a while and think for a while before buying. It is no like buying a Swatch.

So knowing that the money is not lost is a deal maker.

[Gerardus]

Max for me, why not?

[kctt]

Interesting responses. I would like to think I never have to sell my watches and so far I haven't. I bought it because I like it.

When I bought my SD, I told the missus that it's an investment, I wouldn't loose money, blah blah. Then the GMTII-C came out, I was tempted to sell the SD to get it. I even enquired with a second hand watch dealer and got a quote on how much he would pay for the SD and surprise surprise, it was more than I paid. In the end, I couldn't part with the SD and I bought the GMT anyway.

So, yes it's important and not at the same time. It's important because if you ever want to trade up / down, you would like to think that you haven't lost much. Conversely it's not important if you never intend to sell it.

It could have gone either way for me.