Over paid for the Rolex in the long run?

[aaamax]

A lot of talk about high prices lately and it got me thinking.
Has anyone truly ever lost any significant money on a watch? Let me preface by saying that flipping a new watch shouldn't count for this tangent. To be more true to the this concept the question should maybe be:
"After 20 years with a watch has anyone lost $$ when they sold it?"
I can say after many years and many watches not one would be sold at a loss.

And with that my friends, I now have a good excuse to pick up a new WG SD… Lol. Lets call this "self-enabling."
Cheers.

[kilyung]

Define "significant".

[domrusso10]

Lol love it.


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[Tri-Tip]

My father purchased a no-date Stainless Steel Oyster Perpetural in 1971 for $225.

It's probably with 10x that amount, even well-worn (not abused, just worn).

[Spartacus]

I didn't buy a rolex sooner, I purchased a bunch of filler watches, all of which I took a hit of greater than 50% hit on.

[sturgeon123456]

Still don't understand why people are concerned with depreciation of a watch before they even buy it.

If you like it and can afford it just buy the thing, wear it and enjoy it.

[Old Expat Beast]

You had me with your economic theory until WG SD.

[NukeMan]

Originally Posted by aaamax

A lot of talk about high prices lately and it got me thinking.
Has anyone truly ever lost any significant money on a watch? Let me preface by saying that flipping a new watch shouldn't count for this tangent. To be more true to the this concept the question should maybe be:
"After 20 years with a watch has anyone lost $$ when they sold it?"
I can say after many years and many watches not one would be sold at a loss.

And with that my friends, I now have a good excuse to pick up a new WG SD… Lol. Lets call this "self-enabling."
Cheers.

Not sure I'll be alive in 20 years (and I'm "only" 42). Carpe diem, buy that beauty as you can afford it!

[Evad3]

My friends brothers dogs ex-owners friend who once travelled to Switzerland caught wind that there will be a price rise on 29th December. So buy that WG SD ASAP and you will be laughing in a few days time

[samuelhuntington]

Originally Posted by Old Expat Beast

You had me with your economic theory until WG SD.

was thinking the same thing

[aaamax]

Originally Posted by Old Expat Beast

You had me with your economic theory until WG SD.

Lol.
That watch I think is a good example of taking a major hit once you walk out the Ad's door. If the theory is correct, it won't matter in the long run.
Of course this is just a simple, economic, anecdote and has nothing what so ever to do with enjoyment or why one should buy the Rolex they want. In truth, this is an exercise to distract myself from having to witness the extended family, home for Christmas, doing what they do best.
Now pass me my Scotch.

[tkerrmd]

Is this an incoming!?

[locutus49]

This:

Originally Posted by sturgeon123456

Still don't understand why people are concerned with depreciation of a watch before they even buy it.

If you like it and can afford it just buy the thing, wear it and enjoy it.

[Le Chef]

You might not lose money per se but what could you have done with that money from an investment perspective.

[bayerische]

I'm not sure about anything 20 years on. Watches are probably least of my concerns.

[Swilder916]

As long as you don't buy brand new you will never lose significant money. 2 Years ago I bought a 73 Oysterdate 6694 for 1200.00...... I sold it a month ago (to help fund my 114060 purchase) for 1200.00..

[AK797]

Can you imagine if some of us were still here in 20 years with 100,000 posts plus!!!

[GradyPhilpott]

20 years.

It'll be something if I live another 20 years.

I'm hoping to be vital into my eighties, but I have to face statistics.

[Racerdj]

We seem to be in the minority, but I really like my Sky-Dweller! If it gets flipped very soon, it would be ugly.

[bluerolex]

With all due respect to the op. There is a flawed to the implied argument of the OP. Well at last with the assumption.

The implied argument is that.

If you buy a rolex 20 years ago. And you did not buy it new you will not lose money if you sell today.

Even if this is there is a few assumptions.

1. The assumption is when you bought it used 20 years ago. You did not get rip off. You could have bought a fake. Or bought one that was tampered (not 100% Rolex original). The risk and cost of buying. This is a big concern that is why people go to buy it at the AD

2. You did not lose or break it along the way. The risk and cost of maintaining.

3. You are not going to get rip off when your selling it. The risk and cost of selling it.

The risk and cost of buying and selling. This is why paypal can charges a fee for selling and buying and people would pay for it using because they offer partially (NOT 100%) protection for the buyer and seller.

[GB-man]

Lol the real issue as raised by le chef is the opportunity cost of capital. I don't plan on keeping a watch 20 years, some stick others don't.

[wdin]

just grab it and post us an incoming thread of it....
I really love this piece... it comes with a black leather, yes? lovely...

[joli160]

Originally Posted by sturgeon123456

Still don't understand why people are concerned with depreciation of a watch before they even buy it.

If you like it and can afford it just buy the thing, wear it and enjoy it.

x2