Do you think the platinum Daytona is a good investment?

[Racerdj]

Originally Posted by SteelerFan65

Yes only Rolex and we will never know.

I was afraid of that.

[HL65]

Originally Posted by Racerdj

I was afraid of that.

I am just happy they made at least one of them for me!

And not for investment!!

But for pure personal enjoyment!!

[johnbeth]

Originally Posted by SteelerFan65

I don't think any new watch is a great investment but it sure looks and feels great and if bought right will hold it's own and don't expect flooded market with them given price.

Congrats Ken!
Enjoy my friend that beauty!

[HL65]

Originally Posted by johnbeth

Congrats Ken!
Enjoy my friend that beauty!

Thanks JB my friend!

[tkerrmd]

Originally Posted by SteelerFan65

It's not price but supply. Again it is a great investment in joy and poor investment overall. I don't see any luxury item as an investment.

+1

[Howe]

with that much money you can buy 1.5kg platinium bar or something and have better investment.

[subtona]

Buy it at a good price, wear it for 5 or 10 years,

Then when you sell it you'll probably get the bulk of your money back and you got to wear it for all that time vs holding it in a draw:).

Thats a good investment for me.

[wctm68]

Originally Posted by subtona

Buy it at a good price, wear it for 5 or 10 years,

Then when you sell it you'll probably get the bulk of your money back and you got to wear it for all that time vs holding it in a draw:).

Thats a good investment for me.

I seriously doubt that...

[iclick]

Originally Posted by Mystro

Horrible investment. The Rolex investment argument is gone. Rolex priced them too high now for any modern Rolex to be considered a investment. They are a luxury lifestyle.

Originally Posted by Nidal

Agree. Especially precious metal rolexes. Get a 50k used plat daytona in a few years

I think Nidal is on the right track here, that if investment is an important consideration one should not start by buying a new watch, but used several years after the fact. My opinion is that new Rolex watches for a given model continue to escalate in price, and when you buy a new watch the value immediately decreases, then in a short time bottoms out and begins to rise on a curve just below but parallel to the price of a new watch. This will not work for all models in all situations, but I think it will work in many or perhaps most cases, especially popular items in the sport genre (Sub, GMT, Daytona, Explorer, YM, etc.).

I'm a dabbler and not a high roller, but for my modest investment dollars the idea is to buy at that lowest value point, nebulous as that may be, and hold onto to it as it rises in value. A new watch may eventually catch up to its initial cost but only after a much longer wait. I've done that with two watches in the past, selling both for a profit a few years after buying them, and just bought a SS Daytona with hopes that concept will hold true with it. I think it will. One of these earlier experiments was a TT Sub-Date and the other a TT GMT 1675, and in retrospect I should've held onto them longer. My circa-1969 SS GMT is now worth 40x what I paid for it new, faded bezel and all, but I would never sell that watch.

Also, in most cases I think the SS watches hold their value better as a percentage of new cost than either TT or solid-gold variants. Platinum is too rich for my blood and wouldn't be in my investment cross-hairs, so I wouldn't speculate on one of those as an investment. My instinct is that these, like gold variants, wouldn't hold there value as a percentage of new cost compared to SS. Just my 2¢.

[subtona]

Originally Posted by wctm68

I seriously doubt that...

I guess you don't like your price.

[Rolex57]

Speaking as someone who invests in gold bullion (maples, krugs, eagles, pandas, ect), if you want to invest in precious metals, bullion is the way to go because the metal purity content is usually in the 22-24K range. Purity can be as high as 99.999.

I'm not sure what the purity level is in the platinum watches. Gold are 18k.

If you went to a precious metals dealer, they're going to pay you based on purity and weight.

With Rolex, a lot of the price is buried in the design which precious metals dealer literally do NOT respect. It's all about the melt value.

It's quite a shock to see how solid gold models depreciate as soon as you walk out the door. It's almost as bad as the depreciation of a new car.

On a side note, at least if you buy it, you won't really have to worry about "storage" seeing as you're wearing it all the time. Unlike with bullion which you need to hide somewhere. I don't trust banks. Confiscation in today's economy is a reality.

If you're looking at it from an investment stand point, I'd seriously hold off buying it new and buy it used. Let someone else swallow the 30% depreciation.

[subtona]

Originally Posted by Rolex57

... I don't trust banks. Confiscation in today's economy is a reality.

If you're looking at it from an investment stand point, I'd seriously hold off buying it new and buy it used. Let someone else swallow the 30% depreciation.

Interesting thought, what have you heard about bank confiscations, are more coming?


Agree with buying preowned

[Andad]

Originally Posted by Howe

with that much money you can buy 1.5kg platinium bar or something and have better investment.

I could give you a 1.5kg bar of platinum but you couldn't make a platinum Day Date with it.
I supose it depends on whether you need to know the time.

[AK797]

Originally Posted by Howe

with that much money you can buy 1.5kg platinium bar or something and have better investment.

I would, I just don't like how it looks on my arm and how I'm always late.

But seriously they are primarily a luxury piece to be enjoyed, and if you buy smart and can sell it for almost no loss or even by a stroke of fortune a little profit then hey that's just the icing on the cake, but the pleasure of ownership is the cake.

[bayerische]

About the price rise from Rolex.

Sure it will go up, but even Rolex's have an end to their price rise. It's gotten very high already. (except inflation)

I don't know what a Platinum Daytona will be worth in 5 years. Trust me, yours will be considered used, even if you haven't worn it.

But easily 20-30% off the current retail value... You would need a price hike on Rolex watches of a similar amount to recuperate your initial investment. That won't happen!

You really need a crystal ball to know what models could become attractive in the future. The attractive ones have usually been out of production for at least 30 years!

For this amount of money, there's a million better investments.

[travisb]

Originally Posted by SteelerFan65

It's not price but supply. Again it is a great investment in joy and poor investment overall. I don't see any luxury item as an investment.

I agree fully.

[padi56]

Originally Posted by StewartUK

An unworn platinum Daytona - worth more or less in five years?

No Rolex watch should be thought of as any sort of investment, and precious metal watches in general do not keep such a large proportion of original price paid. especially if paid retail prices.

[up2nogood]

If they keep making them in perpetuity, then they will behave like any other precious metal model.
But if the demand dies off and they cease, or the 50th anniversary production run was intended to be limited, then you will see an increase due to collectors.

Roll your dice.

[Racerdj]

Originally Posted by SteelerFan65

I am just happy they made at least one of them for me!

And not for investment!!

But for pure personal enjoyment!!

This is the way it should be.

[HL65]

Originally Posted by Racerdj

This is the way it should be.

[Racerdj]

I get enjoyment seeing pictures of the owners here that will post. It was a great and brief experience to have tried one on! In my world, it's like a new Stingray on a wrist!!!

[landroverking]

Don't think so if still in production worth about 50-60%.

[bigrustypig]

Originally Posted by crowncollection

i would say bad investment, but that is not why you buy this magnificant watch

+1. Agree.

[HL65]

Originally Posted by landroverking

Don't think so if still in production worth about 50-60%.

Good luck trying to find one for $37,500--that is plain silly!

Let's be realistic as an AD pays 62.5% of retail or $46,875 to secure one himself. While they are not great investments Rolex in general do not fall that low. Try buying even a gold sports model and you won't find them for 50-60% off. You will find them for 30% off though on average and that is a great entry point.

[fmc000]

Originally Posted by SteelerFan65

I am just happy they made at least one of them for me!

And not for investment!!

But for pure personal enjoyment!!

And for our enjoyment too!

[Vivalas]

Originally Posted by SteelerFan65

I am just happy they made at least one of them for me!

And not for investment!!

But for pure personal enjoyment!!

And that is exactly what having a Rolex should be all about

I tried on the watch at my local AD when the UK MD came to the store. I can say it's truly beautiful and if I could afford one, I wouldn't hesitate.

As to whether it's an investment or not, it's really too early to predict. Will he based on what you've actually paid, how many Rolex release and how desirable they are in years to come. My guess is they will keep production low and in time this will be iconic.

Main thing is you're the very fortunate chap that's wearing one. Congrats

[HL65]

Originally Posted by fmc000

And for our enjoyment too!

Originally Posted by Vivalas

And that is exactly what having a Rolex should be all about

I tried on the watch at my local AD when the UK MD came to the store. I can say it's truly beautiful and if I could afford one, I wouldn't hesitate.

As to whether it's an investment or not, it's really too early to predict. Will he based on what you've actually paid, how many Rolex release and how desirable they are in years to come. My guess is they will keep production low and in time this will be iconic.

Main thing is you're the very fortunate chap that's wearing one. Congrats

[T. Ferguson]

No new Rolex is a good investment, per se.

When you hear talk of investment grade timepieces they almost invariably refer to older or vintage watches. And when they are, the value is usually not associated with the precious metal content. Yes a particular piece may be a gold watch, but that is almost incidental to the reasons it has become collectible.

You could improve your chances by having some celebrity cultural icon of our time put your watch on his wrist, take some pictures of him with it, post them all over the internet, then kill him.

of course.

[raclaims]

I guess it depends on what you look for in an investment.

Is it to gain as much back in return? Or is it for wealth preservation while you make money elsewhere?

Decent watches will keep up with the rate of inflation whereas a bank you lose your shirt yet you are very liquid.

So if you are looking to just "park" money and have something you can really enjoy I think watches are perfect investment.

[capote]

I guess its a better investment than my Volvo. Still the stock market is the way to go if you want your money to grow. You buy a watch because you want to wear it. Just because something is expensive doesn't make it an investment.