ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
12 November 2017, 12:03 PM | #1 |
"TRF" Member
Join Date: Oct 2015
Location: New York
Watch: me go broke!
Posts: 1,657
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Depreciation on PM Watches
Debating making my first PM purchase and depreciation worries me. There are tons of different consumers out there - personally, I've bought some SS watches new from ADs that I knew were going to decently retain value, but now looking at PM pieces, I've been looking to buy used to save the hit.
I've been able to find a 116655 for $16k and a 116719 for $20k. I understand "buy bc you enjoy" but I feel more comfortable buying something knowing if I want out in a few years, I won't take a bath. Each model I'm considering was selling for a lot more just 12-24 months ago and I'm worried if I buy a WG Pepsi for $20k, I won't be able to recoup more than $13-$14k in 3-5 years. Can someone with a lot of PM experience speak to depreciation on gold model Rolexes? |
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