The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Old 3 November 2011, 10:49 PM   #1
Sluggy123
Member
 
Join Date: Nov 2011
Location: Los Angeles
Posts: 35
Newbie question please advise

Hi. I was hoping for some advise as I don't really know anything about rolexs.

I'm a young guy in my early twenties and was given a beautiful rolex datejust oyster perpetual black face stick dial 18k white gold fluted bezel model 16234 for my high school graduation from a family friend. The watch was in like new condition, had the original oyster band, and was roughly (can't remember the exact year) 8-10 years old.

Unfortunetly, though, last year I started grad school for my Masters in Social Work and needed cash badly for books and expenses so I sold the rolex. I loved the watch but figured social workers shouldn't wear rolexs anyways. I understand now that I probably got ripped off when i sold it (sold it for $2200).

Anyhow, since the day i sold the watch i have regretted doing it and have been haunted. I really want that watch back on my wrist! So now although i'm still a broke social worker in a ton of debt, i have a few bucks saved for this purpose and was hoping to start looking for a used watch with similar specs that is affordable.
Could someone please advise me as to what a fair price would be to pay for a watch with similar specs (used but in good condition) and where to start looking?
Any help would be much appreciated.
Thanks so much.
Sluggy123 is offline   Reply With Quote
Old 3 November 2011, 11:20 PM   #2
dddrees
"TRF" Member
 
dddrees's Avatar
 
Join Date: May 2010
Real Name: Dan
Location: USA
Watch: This N That
Posts: 34,253
Welcome to TRF.

I would think this forums For Sale section would be a good place to start looking. No matter where you buy just make sure it is from someone you can trust. Sorry can't help you with a price though.
__________________
When it captures your imagination, that's when you know you have found your passion.

Loyal Foot Soldier of The Nylon Nation.

Card Carrying Member of the Global Association of
Retro-Grouch-Curmudgeons
dddrees is offline   Reply With Quote
Old 3 November 2011, 11:20 PM   #3
MonBK
Banned
 
Join Date: Nov 2010
Location: Kingstown
Posts: 58,279
Start by looking in the for sale section here on the forum.

Should run you approx. $2,000-2,500

Welcome
MonBK is offline   Reply With Quote
Old 3 November 2011, 11:42 PM   #4
Sluggy123
Member
 
Join Date: Nov 2011
Location: Los Angeles
Posts: 35
Follow up question

How do i search the forums? I do not see a search function but once I find it I will take your advice and search the for sale section..
Sluggy123 is offline   Reply With Quote
Old 3 November 2011, 11:56 PM   #5
azguy
Banned
 
Join Date: Sep 2011
Real Name: -------
Location: -------
Watch: ---------
Posts: 12,609
Go to search in the top menu bar and select advanced search, you cna the customize your search to include just the for sales section. Bottom right of the advanced search page
azguy is offline   Reply With Quote
Old 4 November 2011, 02:20 AM   #6
slcbbrown
"TRF" Member
 
Join Date: May 2009
Real Name: steve
Location: dallas area
Watch: 50's TT t-bird
Posts: 3,689
When you sold, you probably didn't get robbed-- depending on condition.
slcbbrown is offline   Reply With Quote
Old 4 November 2011, 05:56 AM   #7
Sluggy123
Member
 
Join Date: Nov 2011
Location: Los Angeles
Posts: 35
So just a follow up question (forgive my ignorance). I have been told Rolex's generally hold their value pretty well over time. It was my belief this watch was more like $5-6000 new. That means if its now worth 2500 it has lost at least half its value...?
Are certain model rolex's better than others in terms of investment value over the long term (ie won't depreciate)? I really do like this watch and the exact specs but if the price will only depreciate I might reconsider.
Sluggy123 is offline   Reply With Quote
Old 4 November 2011, 05:59 AM   #8
drtooth73
Banned
 
Join Date: Feb 2009
Real Name: W. Stutman
Location: Motor City
Watch: TT GMT IIC
Posts: 2,223
Quote:
Originally Posted by Sluggy123 View Post
Are certain model rolex's better than others in terms of investment value over the long term (ie won't depreciate)? I really do like this watch and the exact specs but if the price will only depreciate I might reconsider.
Yes, the professional models depreciate less, and sometimes appreciate in value.
drtooth73 is offline   Reply With Quote
Old 4 November 2011, 06:19 AM   #9
Sluggy123
Member
 
Join Date: Nov 2011
Location: Los Angeles
Posts: 35
Why is this? Are the professional models better made or more in demand or both?
Sluggy123 is offline   Reply With Quote
Old 4 November 2011, 07:22 AM   #10
RRGHOST1
"TRF" Member
 
RRGHOST1's Avatar
 
Join Date: Dec 2009
Real Name: luke standing
Location: england
Watch: Rolex TT SubC Blue
Posts: 3,997
Daytonas, Submariners,GMT's and other Sports/Professional models hold there value better,not because they are better made, as all Rolex are made to the same exacting degree but you have to consider the demand and price rises etc...and there are lots of DJ's out there for sale.
RRGHOST1 is offline   Reply With Quote
Old 4 November 2011, 11:29 AM   #11
TSW
"TRF" Member
 
TSW's Avatar
 
Join Date: Feb 2009
Real Name: TSW
Location: Le Brassus
Watch: Rolex & AP's
Posts: 27,449
Welcome!
__________________

AP Owners Club
IG @swiss.watch.connection
TSW is offline   Reply With Quote
Old 4 November 2011, 11:26 PM   #12
slcbbrown
"TRF" Member
 
Join Date: May 2009
Real Name: steve
Location: dallas area
Watch: 50's TT t-bird
Posts: 3,689
demand

Quote:
Originally Posted by Sluggy123 View Post
Why is this? Are the professional models better made or more in demand or both?
Over the last 50 years, there were many more DJ's made than sport models. There are still tons of DJ's (old and new) out there. This simply means that you can get a great value on a Rolex with a pre-owned Datejust.
slcbbrown is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Wrist Aficionado

My Watch LLC

WatchesOff5th

DavidSW Watches

Takuya Watches

OCWatches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.