New old stock vintage Rolex - for what it’s worth

[springer]

Originally Posted by Gaijin

Whoa. NOS 16610LVs non Flat 4 are $ 27,000!

No at all. If they are, show me some that sold and I'll dump mine.

[springer]

Originally Posted by exador

I’ve never understood the appeal of watches that essentially you can’t wear.

I collect vintage Heuer as well as Rolex and was offered a NOS 70’s Autavia a few days ago that I turned down for that very reason.

I've never understood why anyone collects coins they won't spend.

There all types of "collectors," no matter what you collect. There are thousands of collectors here on the forum and many strive to collect the best example of whatever there particular watch preference is with Rolex - whether NOS or not. We don't necessarily need to wear every watch we collect.

[didyunt]

I would love you to upload a picture of it.

[zapokee]

Originally Posted by springer

We don't necessarily need to wear every watch we collect.

Yup. Essential lessons I've learned so far (and there are many more to learn):

1. You don't need to wear everything you have, especially if it's essentially a college fund on a flimsy 1960s bracelet.

2. You don't need to own everything you like (this one will save you a fortune in the long run, whether in watches or otherwise ). Like they say, don't own a yacht; just have a friend who does.

[JUSTROLEXES]

Originally Posted by exador

Or you could remove them off your website

But then there's always the chance of a sucker coming along, right?

who might look like a sucker to you today is a genius in the making

[jwrosenthal]

Originally Posted by justrolexes

who might look like a sucker to you today is a genius in the making

I bought my 16750 in 2002, I paid $2k for it, that was fair market value and more than I had ever spent on a watch. My fabulously stylish boss thought I was a sucker for spending that much on such a dated and clunky watch whereas I could have gotten a very modern and sexy Raymond Weil like he had for the same money. Also bought my ‘72 SMP from the same dealer for $800, again, fair market value....my boss cringed at my purchase as he showed me his quartz Cartier.....yeah.

[exador]

Originally Posted by springer

I've never understood why anyone collects coins they won't spend.

Flawed argument. If you a spend a coin you’ve given it away.

I guess it’s like wine collectors who don’t drink their wine. Another subset I will never understand

[exador]

Originally Posted by jwrosenthal

I bought my 16750 in 2002, I paid $2k for it, that was fair market value and more than I had ever spent on a watch. My fabulously stylish boss thought I was a sucker for spending that much on such a dated and clunky watch whereas I could have gotten a very modern and sexy Raymond Weil like he had for the same money. Also bought my ‘72 SMP from the same dealer for $800, again, fair market value....my boss cringed at my purchase as he showed me his quartz Cartier.....yeah.

That was good buying in the 2002 Recession. The market is a little frothier now

[jwrosenthal]

Originally Posted by exador

That was good buying in the 2002 Recession. The market is a little frothier now

Which brings up the next question- like any investment market, how prone is the watch market to instabilities in the economy? I wasn’t aware of price fluctuations in watches back then because I wasn’t a serious collector, I just bought what I could afford. With these NOS watches being clearly purchased as investments, are the investors concerned about a bubble economy and potential crash? Perhaps I should hold off on getting that Navitimer 608 I want until I can pick it up from someone who needs money to full up his Hummer so he can deliver pizzas.