ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
6 January 2012, 02:55 PM | #1 |
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Any models currently over priced or under priceD.
When it comes to stocks I like to buy low sell high. Any comments about what's low and what's high in the Rolex world?
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6 January 2012, 03:09 PM | #2 | |
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(If you're looking for an investment you should probably not be buying watches unless you don't mind a lot of risk.) |
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6 January 2012, 03:14 PM | #3 |
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All overpriced new, buy pre-owned
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6 January 2012, 03:59 PM | #4 |
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Great advice here! You'll always pay a lot when you go to an AD and you'll notice the same thing you notice when you buy a car: it loses some of its value as soon as you get out of the store!
However, let's not forget that it's never overpriced if you're willing to buy it!
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6 January 2012, 05:38 PM | #5 |
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If you want the pride of being the first owner, buy new. If you want to make a profit (or, at least, not lose money) buy used every time.
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6 January 2012, 09:03 PM | #6 |
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bought my DSSD & Hulk new but with great discounts thrown in (fortunately), wasn't much to be had on the pre-owned market at the time so didn't really have much choice but as i've no intentions of selling it's not an issue for me but, given the choice i'll always buy pre-owned on certain items & let the first guy take the hit.....there's gold in them there hills
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6 January 2012, 11:12 PM | #7 |
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Stick with the stocks...rolex or any watch for that matter, is all overpriced...its meant to be!they are luxury goods and hold only sentimental value...which to most is priceless, but as an investment? Never! Is a brand new BMW an investment?
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6 January 2012, 11:52 PM | #8 |
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Don't know. I usually buy a watch because I like it.
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6 January 2012, 11:58 PM | #9 |
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on retail level anything on a leather band is wayyyy over priced especially say a wg daytona on strap its resale value is about half of retail. the SS sport models retail on not horribly offensive but still high. your best bet is buying used. good luck.
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7 January 2012, 12:45 AM | #10 |
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It's about love not money
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7 January 2012, 02:32 AM | #11 |
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like everyone has said you buy a rolex because you like them and not for a investment IMHO
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7 January 2012, 02:53 AM | #12 |
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I did bought SubC in dubai in march, just before proces go up. I recaived 10% discount. Now the same watch in my country in AD is priced 20% more then i payed. I guess i would be able to sell it at least the same price which i've payed.
Now i'm going to buy SS Daytona at AD with 30% discout (its complicated why, but its official AD :) and i would be able to sell at least at AD regular price on aftermarket - pure profit :) Also - its bett spend money on watch then on holidays and restaurant, but of course in more cases its not so good as onther investment options. I would disagree that watch is like bmw. Maybe, but not rolexes, especialy the most popular (daytona, subc etc.) i think you always will be able to sell it near to your buy price. |
7 January 2012, 03:56 AM | #13 |
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i bought my Milgauss GV brand new from an AD at a price people are selling used. Have to buy right!!!
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7 January 2012, 03:58 AM | #14 |
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All is overpriced especially precious metal watches. Biggest drop if purchased new.
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7 January 2012, 04:20 AM | #15 |
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7 January 2012, 04:28 AM | #16 |
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I wish they could all come down, so I could buy one!!!!
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7 January 2012, 04:30 AM | #17 |
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If I take the question from the OP in a different way then it could mean what is relatively a good buy/poor buy.
A sample answer might be that an Explorer might be had cheaper than say a GMT due to popularity, but with similar function. On the other hand it seems any two tone watch is over priced compared to demand and resale etc relative to a stainless version. Case in point, I believe I have seen a two tone watch sell for less that its SS counterpart due to poor demand.
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7 January 2012, 04:32 AM | #18 |
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as everyone says its about love, but in a case of financial difficulty loosing 50-65% of what you paid for the watch if you need to sell is not love as opposed to making a wise investment in a piece easy to resell where you lose 0-15% thats a better scenario so you always should have in the back of your mind "is this a reasonable price or investment" when buying a watch. either way good luck!
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7 January 2012, 04:34 AM | #19 |
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7 January 2012, 04:58 AM | #20 | |
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Good luck with whatever you decide and kudos to your responsibility. |
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8 January 2012, 12:30 AM | #21 |
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In general I have always thought that daytonas are way over priced, I really like them but I never could see the reason for the the crazy prices!
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8 January 2012, 01:34 AM | #22 | |
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8 January 2012, 03:55 AM | #23 | |
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8 January 2012, 04:00 AM | #24 |
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IMHO all Rolex watches are over price. That doesn't mean I don't want more.
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8 January 2012, 04:27 AM | #25 |
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X2.Mike trouble today many see Rolex watches as little more than $$$$$££££
which is IMHO quite sad.Gone are the days of buying and wearing one of the finest mechanical watches made today.Its mainly now, will this or that go up in value, if its got this or that slight font change or case stamp.Will my 16610 sub go up in value now its discontinued etc.But like you Mike I bought my Rolex whatever model I wanted too, just to wear and enjoy. Hopefully in good health for many many years IMHO thats whats buying and owning a Rolex is about.
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8 January 2012, 06:13 AM | #26 |
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White milgauss is underpriced and so is Gmt II c. DSSD is overpriced! Just my .02
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8 January 2012, 08:07 AM | #27 |
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All over priced in the west and under priced to the east.
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8 January 2012, 08:58 AM | #28 |
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Don't understand all the comments about loosing value on Rolex. From what I have seen here the resellers are charging almost as much as I paid from an AD for my new GMT II C.
As far as I can see a 10 yr old Rolex appreciates rather than depreciates. More than I can say for the average Mutual fund purchased in the last 10 yrs or any auto I have ever purchased. Ps kicking myself that I did not purchase a mint factory serviced 2 yr warranteed 50th anniversary green sub at my AD for 4995$ just before Christmas. |
8 January 2012, 10:18 AM | #29 | |
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Quote:
A watch is a watch not an investment. Buy what you like and enjoy wearing it. It's that simple.
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8 January 2012, 10:22 AM | #30 |
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