Why the dive in pre loved WG and YG watch prices?

[Racerdj]

Originally Posted by zion_rasta

Attachment 409403

Here is one of my bikes...

Very nice!! I have a Specialized S-Works and Expert Roubrix and ride 125-175 miles a week!

[Welshwatchman]

The 116509 commanded a preowned price of £10,000 back in 06-07 when MRSP was around the £14k mark.

It has quietly and steadily crept up around £500 a year to its current £13,500-15,000 mark.

The watch had found its market price and generally kept to it. Same with the 116520 SS model. Market price £5500 in 06/07 £7000 today.

The problem is that Rolex has decided to increase the MRSP from £14,000 to £25,000 in the same period.

The market ain't buying it.

[Daytona-Dan]

Originally Posted by mcorliss

Though some precious metal feel nice and have unique dials, in general, I think a person is a dope for paying 3-4 times the price as for steel models.

...And you're a dope for thinking like this. In terms of mark-up percentage, Rolex makes a heck of a lot more on SS watches because the base metal is next to worthless. At least gold/platinum has some residual value, an SS watch is worth nothing to a scrap metal dealer. I purchased mine because I wanted Gold and liked the dial, I don't care about resale value as I have no intention of selling, I bought it to wear, not to try make a profit. If you ever put on a gold watch one day, perhaps you'll understand until then, think before you speak next time.

I believe most of the problem comes not from supply/demand but more from the fact that you need to bite the VAT and AD discount before you even get close.

Let me explain: A company reselling a watch is supposed to add VAT to everything they sell which in the case of the UK is 20% so in order to sell a used watch the price needs to be not only lower than the discounted rate offered by the AD but also a further 20% lower just to cover the VAT. So a 2 year old watch would need to be less 15-20% to cover AD price discounts, then less another 5-10% to cover depreciation of a used watch and then they need to remove a further 20% for VAT which gets added back on top again. Add that all up and you're at your +50% mark and they still need to make a profit!!

The additional vat obviously doesn't apply for used items so selling privately gets you the most money, but you can still expect a good 30% less which on a £20-25K watch is a lot of money, enough to buy a new from AD SS model. This is enough to put most people off, the solution is to only buy gold/plat because you like the watch and intend to wear it for many years to come!

[Daytona-Dan]

Originally Posted by Billywiz

Why not practical...I dont understand...sure its softer that SS but it is not soft in the literal sense and yes I wouldn't dig up the roads in one however I wear this one every weekday for last 5 years...I travel extensively and work regularly 60 hours a week of those about 16 only behind a desk...I think it holding up well.

I intend to buy my wife a YG 36mm DD hopefully before the end of the year and I can assure you, that will be the real test of how well gold holds up. I plan to post pics from new, then at 1 week, then 1 month, then 3, then 6, then 1 year etc.

She's particularly hard on her SS DJ and basically goes about her day as if there is nothing on her wrist at all, much to the demise of the poor watch. It still looks ok with lots of dings and scratches but nothing you can see from more than a foot away. Her WG bezel has a few bumps but nothing that deforms the shape of any of the grooves.

[LightOnAHill]

Dan, the day date will hold up well. I wear mine everyday and it gets a lot of abuse, but the gold is a lot stronger than people on the Internet will lately tell you, as I'm sure you know with your gold Daytona (love that watch too, btw).

[Daytona-Dan]

Originally Posted by LightOnAHill

Dan, the day date will hold up well. I wear mine everyday and it gets a lot of abuse, but the gold is a lot stronger than people on the Internet will lately tell you, as I'm sure you know with your gold Daytona (love that watch too, btw).

Thanks Bryan, I also wear mine daily and I don't baby it but I'm a heck of a lot more careful than my wife is with hers.

In any case it's good to hear it will last.

[zion_rasta]

Originally Posted by Racerdj

Very nice!! I have a Specialized S-Works and Expert Roubrix and ride 125-175 miles a week!

Nice! I ride about 200 miles a week.
I also have a Cervelo R3, s-works E5, air 9, one 9, turner flux.

Love Indy, say hi to the folks at Nebo Ridge. My favorite shop in Indy.

Go boilers!!!!

[Manofsteelpt]

Just another "dope" checking in... I can attest to the duribility of gold

[WML]

Wore a YG watch every day for years..traveled all over the globe..no durability problems whatsoever.
It just seems that, like all "fashion", gold bracelet watches go in and out of style/trend.

Can't get my wife to wear her YG anymore..wears just SS.

[cruvon]

Originally Posted by SteelerFan65

I love non practical watches especially vintage ones with tropical/sunburst dials.

Now that's one that will always be higher than mrsp Ken, surely keeping rare variants of vintage Rolexes is one option.

[cruvon]

Originally Posted by beshannon

I spent more on my bike than I spent on my Sub

If you omit precious metals which do nothing for a bicycle, this one is probably worth its cost much like the watches we buy

Originally Posted by zion_rasta

Attachment 409403

Here is one of my bikes...

stunning bikes!

[cruvon]

Originally Posted by kilyung

The real question is why aren't you buying gold watches if they're 50% off!?

+1, that was what I thought too:)

[cruvon]

Thanks for the feedback guys, didn't think this topic would get this interesting:)

[TimeOnMyHands]

If some think 50% off on a solid gold watch is a good deal - pawn shops buy them for FAAAAARRR less than 50% of retail...

Again folks wearing gold watches are wearing them because they want to - not because of what they paid for it or what it may or may not be worth. The look and feel appeals to them and their lifestyle - and that works for us all.

[mikkibarry]

I have to laugh a little bit here. We're in a forum dedicated to watches that most would argue are completely impractical when you can buy a cheap seiko that keeps great time, and replace it 100 times before you get to a Rolex. We buy Rolexes because we want them, not because we can justify their practicality to anyone who isn't a WIS type person. To me, gold vs. not gold (or platinum) is just an added layer of this. Why buy a Daytona if you aren't going to use the nifty features? Why buy a GMT hand if you don't travel a lot? Why buy gold when SS will do? Because we WANT to! That's really all the justification you need. SteelerFan, your sub is a work of art. Beautiful thing. And count me in as a dope too since I really love my gold vintage Rolexes. So there !

[mkw]

Originally Posted by mikkibarry

I have to laugh a little bit here.
..... Why buy a Daytona if you aren't going to use the nifty features? Why buy a GMT hand if you don't travel a lot? Why buy gold when SS will do? Because we WANT to! That's really all the justification you need. SteelerFan, your sub is a work of art. Beautiful thing. And count me in as a dope too since I really love my gold vintage Rolexes. So there !

This, and many WIS probably take their most expensive divers off before washing their hands less they get a couple drops of water splashed on the crystal or ,worst case scenario, the case.

[HL65]

Originally Posted by mikkibarry

I have to laugh a little bit here. We're in a forum dedicated to watches that most would argue are completely impractical when you can buy a cheap seiko that keeps great time, and replace it 100 times before you get to a Rolex. We buy Rolexes because we want them, not because we can justify their practicality to anyone who isn't a WIS type person. To me, gold vs. not gold (or platinum) is just an added layer of this. Why buy a Daytona if you aren't going to use the nifty features? Why buy a GMT hand if you don't travel a lot? Why buy gold when SS will do? Because we WANT to! That's really all the justification you need. SteelerFan, your sub is a work of art. Beautiful thing. And count me in as a dope too since I really love my gold vintage Rolexes. So there !

Thanks!

[jay1988]

Originally Posted by mcorliss

Though some precious metal feel nice and have unique dials, in general, I think a person is a dope for paying 3-4 times the price as for steel models.

Not casting stones because there are a few that I really like and may actually break down to pay up for them myself.

Are you serious with the dope thing?

Why do you own a Rolex at all then? By the same logic you're using, aren't you a dope for paying 100 times more than the price of other stainless steel watches?

You paid £8k for a SS Daytona. That's about 3 times as much as a SS chronograph from a brand like Tag Heur. Still considered a high end watch by most non-wis people. Aren't you a dope for paying so much for your Daytona? If we follow your logic that is.

Not to mention at least gold signifies that it's a high end watch. SS watches start from about 1/100th the price of a Rolex. You don't get a solid gold automatic for £220 (1/100th of a gold gmt)