What to do next?

[aw662]

I was invited to an event at my local AD the other night, got chatting to the guy I usually go to for watches and queries with my next purchase plan and he's cast doubt. was hoping i could get some advice from you guys.

The next rolex i'm looking at getting is the rolex yacht master ii steel and Everose. with then the ambition of getting a 5711 later down the line. The doubt he cast is with regards to the Yachtmasterii, he says they lose money quite badly. i love that watch. i loved that watch when i first tried it on. he suggested getting the SS daytona, then when I'm ready to go on the 5711 waiting list, sell the daytona and use the money towards the 5711, if i bought the yacht master i wouldn't use it against the 5711, i've always liked the idea of keeping the watches i get, but if it came to it i would part with them. (i'd sell my organs before my watches) what do you guys think? anybody have the yacht master ii and could tell me what its like to wear on a daily basis, casually is when i would wear it the most. and is it worth it?

oh, just a side note once I've acquired the yacht master, 5711 i'm then hunting down a skydweller!!

[GerardoG]

My 2 cents: if you have tried the YM and like it, do not think about the future 'flipping'. Go with what YOU like

[Tools]

I don't understand your quandary

Some guy told you that the Yachtmaster II can lose value after you buy it.

So what !! Every Rolex "loses value" when you walk out the Dealer door, it's a fact.

If history has anything to say about it, the YM II will likely be the future Moon Phase with stratospheric values in a few decade.

You buy a watch because you love it, not what "some guy" has to say about it - his views are meaningless..

[aw662]

i think what i was trying to get was effectively as you said, ignore him and stick with what i want, or approach it with more of a cost effective way and purchase to flip down the line. to be honest the bigger part of is saying go with what you want. again just wondered what the people who have one thinks of it after having it a while.

[Tools]

Originally Posted by aw662

i think what i was trying to get was effectively as you said, ignore him and stick with what i want, or approach it with more of a cost effective way and purchase to flip down the line. to be honest the bigger part of is saying go with what you want. again just wondered what the people who have one thinks of it after having it a while.

Flippers have a different mind-set than collectors. It's more of a game with no mental (emotional) involvement in the watch itself, but it's all about the "game".

You need to decide which one you are.

[AK797]

Stick to the YM2, and then set your sights on the 5711.

[Watch This]

Can be had for 13-14k USD BNIB.
I hope Larry is right about this beautiful odd-ball, future value wise.
I think he may be on to something.
Great size. Great presence. Unlike any other piece in the line-up. The visual complexity of the dial is amazing.
The blue bezel pops.

I would avoid two tone but that's just me. Good luck with your choice.

[captain_rossco]

If you mean the 116681, I bought one new, (EU watch, I'm based in the UK), for £12,500 in 2012. I sold it in early 2014 for......brace yourself...... £11900.
Now yes, that's a drop, but it's no more of a drop in 'value', than I fritter on Starbucks over the same period. The list price (Main Dealer) on the YMII is what it is, the price you'll pay for a 'grey import' will be significantly lower (or at least it is over here).
I'm looking at purchasing a 118235 privately at the moment and the logistics are murderous
. Enjoy the YM, it wears large (the profile of the watch is hefty, the diameter is spot on) but it's entirely comfortable.
I enjoyed this watch as a casual piece as its a no go with double cuffs, unless you want it permanently on show.

Enjoy.
CR

[kilyung]

The YM2 is fantastic and a fabulous pairing to the thinner/smaller 5711.

[ref1655]

Originally Posted by Tools

Flippers have a different mind-set than collectors. It's more of a game with no mental (emotional) involvement in the watch itself, but it's all about the "game".

aren't some flippers collectors as well? in other words, they 'flip' to upgrade their collection? while the practice runs the potential of becoming an end in itself, I would imagine that some flippers can have a temporary connection with a certain watch (or object) until something better comes along in terms of appearance and/or condition. this seems to apply with just about anything that people choose to collect.

the emergence of any 'holy grail' seems to be predicated on the passage of time, future limited availability & continued demand/appreciation...factors difficult to predict. the terms 'instant classic' & 'future collectible' are at best, peddler-oriented buzz words...most collectibles that increase in value and/or demand achieved that status by sheer accident.

[brettpaul]

Originally Posted by kilyung

The YM2 is fantastic and a fabulous pairing to the thinner/smaller 5711.

Got to wear shades to read your posts Mike!

[brettpaul]

Back to the OPs question...the YM 2 will lose value (buy from a trusted seller to minimize loss). The 5711 is a great piece too - just reacquired one this month, but like you I wouldn't flip to fund at this point.

I'd also steer away from the bi-metal YM2.....follow the example of Mr Kilyung!

[dadonn2]

My interest in watches is about 1.5 years old. In that time, I've had a blnr, sub c, bluesy and a YM II two tone. I still have the bluesy and have to say that I miss the YM II the most. Were I to go all in for a grail, it would likely be between a YM II in yellow gold or a sky dweller yellow gold. I do like bigger watches, am a bigger guy and the only two tones watches I like are the one I have and the YM II. That's been my experience to this point.

[Daytona88]

If u are concerned with resale value, but preowned with papers from a trusted seller. You will reduce the financial impact.

[Boaters]

My love of watches has never been about making money

[jctrolex]

If you like the YM II so much it is not likely you will flip it, I kept every watch I bought but that's just me. Buying luxury items like a Rolex is something of a matter of the heart not an investment. I can't think of a worse thing than a watch besides a car as an investment unless your budget is in the hundreds of thousands or even millions. You've said it yourself how much you love the YMII so buying a Daytona as a temporary place holder does not make sense at all. Go get what you love and you'll never regret it.

[ref1655]

Originally Posted by jctrolex

...You've said it yourself how much you love the YMII so buying a Daytona as a temporary place holder does not make sense at all. Go get what you love and you'll never regret it.

yep...to compromise on certain issues is called 'settling'. it can work in politics (and sometimes marriage) but not too well with Rolexes.

[aw662]

Originally Posted by kilyung

The YM2 is fantastic and a fabulous pairing to the thinner/smaller 5711.

This is exactly what I'm after. Hopefully like looking into the future! Beautiful! Hats off to you.

[Tools]

Originally Posted by ref1655

aren't some flippers collectors as well? in other words, they 'flip' to upgrade their collection? while the practice runs the potential of becoming an end in itself, I would imagine that some flippers can have a temporary connection with a certain watch (or object) until something better comes along in terms of appearance and/or condition. this seems to apply with just about anything that people choose to collect.

. . .

Not really. It goes again to mind-set. A flipper may have a bunch of watches, but without focus or direction this doesn't generally meet the level of a true "collection". The point of the bunch-of-watches is to have something to flip for something else, usually on a whim, and not with focus on improving the collection.

A collector may desire a collection of GMT's, for example, and researches that model; moves heaven and earth to get the best example, then on to the next example, and so-on until the collection is built. Selling a lesser example to purchase a better example doesn't fall into the "flipper" mindset but a reasoned approach to refine, in their collector thought process.

With flippers it's about the flip, and how many, and how often.

They are two different kinds of enthusiasts..

[DCheeta]

Originally Posted by aw662

I was invited to an event at my local AD the other night, got chatting to the guy I usually go to for watches and queries with my next purchase plan and he's cast doubt. was hoping i could get some advice from you guys.

The next rolex i'm looking at getting is the rolex yacht master ii steel and Everose. with then the ambition of getting a 5711 later down the line. The doubt he cast is with regards to the Yachtmasterii, he says they lose money quite badly. i love that watch. i loved that watch when i first tried it on. he suggested getting the SS daytona, then when I'm ready to go on the 5711 waiting list, sell the daytona and use the money towards the 5711, if i bought the yacht master i wouldn't use it against the 5711, i've always liked the idea of keeping the watches i get, but if it came to it i would part with them. (i'd sell my organs before my watches) what do you guys think? anybody have the yacht master ii and could tell me what its like to wear on a daily basis, casually is when i would wear it the most. and is it worth it?

oh, just a side note once I've acquired the yacht master, 5711 i'm then hunting down a skydweller!!

You answered your own question.

[brandrea]

Originally Posted by kilyung

The YM2 is fantastic and a fabulous pairing to the thinner/smaller 5711.

[AK797]

Originally Posted by kilyung

The YM2 is fantastic and a fabulous pairing to the thinner/smaller 5711.

Mike's gotta new disciple... boy are you damned, kiddo.

[ltmgeller]

YMII is my vote

[CRM114]

You said you loved YM II..Go for it! The guy casting doubt was coming at it from a different angle than this, so doesn't matter.

[Hodog16]

Go with what you like and don't worry about the future. Ideas and thoughts change constantly. What you know now is that you want that YMII, so go get it!

[Depewja]

I think this watch is amazing in YG and SS. Not a huge fan of the TT imho, but you should always buy what makes you happy!

[beshannon]

Never settle.

If you want a 5711 then save for it, terrible to try and flip for it.