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JParm · 9 April 2016, 07:47 AM

Was thinking about the rise in value of the old GMT's. I have one that I bought in 2010 for $3,650 with box and papers, and seeing how much they're going for makes me pretty happy with my purchase.

I didn't buy the watch for value retention, as I have no intentions of ever selling and want to pass it on to my son. My question is do you think it's worth it now to get a 2nd one for safekeeping? Prices now are high, but not absurdly so that I wouldn't buy one to put away for 10 years and sell then.

Thoughts?

subtona · 9 April 2016, 07:52 AM

Are you a collector?
Are you investing in watches?

Or are you someone who enjoys wearing them?

Think about the collectible watches of old, they have more often been worn well and many years later have become collectible, I would just buy and enjoy what you would like to wear

RolexPete · 9 April 2016, 07:58 AM

I wouldn't.

Jack T · 9 April 2016, 08:00 AM

I can't imagine having a duplicate piece simply for the sake of expected appreciation. I just enjoy wearing a nice watch.

superdog · 9 April 2016, 08:04 AM

Seems to me they are just rising in value.

The ones with a 3186 are going for crazy money.

ronricks · 9 April 2016, 08:28 AM

buy a 16610lv they seem to be appreciating quarterly especially if you have a full set (box, papers, etc)

mtgjr · 9 April 2016, 09:06 AM

I guess you're a momentum investor, rather than a value investor. I like to buy stocks that are undervalued. If I invested in watches (I don't), I suspect I would do the same. I'm not sure that you could call the 16710 undervalued at current prices. But what do I know?

FTX I · 9 April 2016, 09:25 AM

If you like it I think it's a good move.

Chewbacca · 9 April 2016, 09:27 AM

Quote:

Originally Posted by [email protected]

Was thinking about the rise in value of the old GMT's. I have one that I bought in 2010 for $3,650 with box and papers, and seeing how much they're going for makes me pretty happy with my purchase.

I didn't buy the watch for value retention, as I have no intentions of ever selling and want to pass it on to my son. My question is do you think it's worth it now to get a 2nd one for safekeeping? Prices now are high, but not absurdly so that I wouldn't buy one to put away for 10 years and sell then.

Thoughts?

oh yes they are... but the market drives it.

fwiw, no, don't buy another. imop, the real buy right now is any day date in decent shape. its the most rolex for the money. good ones can be had for around $7k with patience and reasonable expectations; and when the asteroid hits, gold trumps ss and timezones for food and shelter.

or, buy another gmt-- what do i know?

dddl · 9 April 2016, 09:40 AM

DavidSW has a 16610 in unworn condition with protective plastic in place (New Old Stock)...

jrs146 · 9 April 2016, 10:05 AM

Quote:

Originally Posted by subtona

Are you a collector?
Are you investing in watches?

Or are you someone who enjoys wearing them?

Think about the collectible watches of old, they have more often been worn well and many years later have become collectible, I would just buy and enjoy what you would like to wear

Well said. About as good advice as you can get here ^^^

9 April 2016, 07:47 AM	#1
JParm 2024 ROLEX DATEJUST41 Pledge Member Join Date: Aug 2010 Location: NorCal Watch: Yes! Posts: 6,568	Is it worth picking up a 2nd 16710? Was thinking about the rise in value of the old GMT's. I have one that I bought in 2010 for $3,650 with box and papers, and seeing how much they're going for makes me pretty happy with my purchase. I didn't buy the watch for value retention, as I have no intentions of ever selling and want to pass it on to my son. My question is do you think it's worth it now to get a 2nd one for safekeeping? Prices now are high, but not absurdly so that I wouldn't buy one to put away for 10 years and sell then. Thoughts?

9 April 2016, 07:52 AM	#2
subtona "TRF" Member Join Date: Jan 2011 Real Name: gus Location: East Coast Watch: APK & sometimes Y Posts: 26,599	Are you a collector? Are you investing in watches? Or are you someone who enjoys wearing them? Think about the collectible watches of old, they have more often been worn well and many years later have become collectible, I would just buy and enjoy what you would like to wear __________________

9 April 2016, 07:58 AM	#3
RolexPete "TRF" Member Join Date: Dec 2009 Real Name: Peter Location: Massachusetts Watch: 214270 Mk2 Posts: 1,963	I wouldn't. __________________ 2016 Explorer 214270 Mk2 - 1996 Submariner 14060* - 1972 Datejust 1601 1972 Oyster Perpetual 1002 - 1978 Oysterquartz 17000 Omega Seamaster 2265.80 - Omega Seamaster 300 166.0324 *RIP PAL 1942-2015

9 April 2016, 08:00 AM	#4
Jack T "TRF" Member Join Date: May 2013 Real Name: Jack Location: The Triangle Watch: Several Posts: 6,719	I can't imagine having a duplicate piece simply for the sake of expected appreciation. I just enjoy wearing a nice watch. __________________ Sub 116613 LN; GMT 116710 LN; Sinn 104R; Exp 214270; GS SBGM221; Omega AT

9 April 2016, 08:04 AM	#5
superdog 2024 Pledge Member Join Date: Oct 2011 Real Name: Seth Location: nj Watch: Omega Posts: 24,834	Seems to me they are just rising in value. The ones with a 3186 are going for crazy money. __________________ If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff)

9 April 2016, 08:28 AM	#6
ronricks 2024 Pledge Member Join Date: Jun 2013 Location: ATL Watch: 126610LV Posts: 2,753	buy a 16610lv they seem to be appreciating quarterly especially if you have a full set (box, papers, etc)

9 April 2016, 09:06 AM	#7
mtgjr Banned Join Date: Dec 2009 Real Name: Mike Location: Tampa, Florida Watch: Pepsi GMT Posts: 2,926	I guess you're a momentum investor, rather than a value investor. I like to buy stocks that are undervalued. If I invested in watches (I don't), I suspect I would do the same. I'm not sure that you could call the 16710 undervalued at current prices. But what do I know?

9 April 2016, 09:25 AM	#8
FTX I "TRF" Member Join Date: Feb 2013 Real Name: Flavio Location: N/A Posts: 14,654	If you like it I think it's a good move.

9 April 2016, 09:40 AM	#10
dddl 2024 Pledge Member Join Date: Dec 2015 Location: Conshohocken Watch: What? Posts: 905	DavidSW has a 16610 in unworn condition with protective plastic in place (New Old Stock)...

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