Rolex becomes more worth then release price?

[Yzord]

My neighbor is a watch/clockmaker and i showed him my new Rolex. After inspection he gave it back and told me first that it was real but also that it becomes more worth in the future.

The reason is that he once bought a Rolex when he worked for a clockmaker and that that time piece became more worth then the retail price back then. Also the gold in it (his and my watch) should become more worth (of course thats a speculation) in the future.

What is your opinion about that? Will a Rolex become more worth in the far future then retail price?

[NavitimerNut]

Well, back in the 1990s, a GMT Master II was $2,500. Now you'd have a hard time finding one less than $5k on the used market

[imperio]

Well whether it becomes more "worth" or not depends on whether you account for inflation...


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[Yzord]

Yes, that was his answer also. I said a Rolex costed 900USD in 1980. He said that back then a dollar was 10 dutch guilders also. So compared to latest Euro standards it would have cost back then 4500-5000euro. Now a Submariner costs 7000euro

[hoppes-no9]

Originally Posted by NavitimerNut

Well, back in the 1990s, a GMT Master II was $2,500. Now you'd have a hard time finding one less than $5k on the used market

And $2,500 invested at 8% for that same 20 year period would have grown to more than $10,000.

[henry333]

Back in the days it was cheaper. Now after all the crazy price increases ...hard to say.
Will need a lot more years then before those peak increases times..

[Yzord]

$9.000 to be precise :)

[JnmEaton]

Originally Posted by hoppes-no9

And $2,500 invested at 8% for that same 20 year period would have grown to more than $10,000.

8%? Ahhhhhhh, the good ole days!

[Calatrava r]

for the most part. But that is not what it is about. A lot of watches, non Rolex, really aren't worth anything once you buy them. Its nice to have a backdoor no matter what the size, money wise.

[JR16]

Originally Posted by JnmEaton

8%? Ahhhhhhh, the good ole days!

Exactly my reaction!


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[mtgjr]

I think you are trying to say "worth more". And, in current dollars, yes that's generally true. In real (or constant) dollars, not so much.

[123Blueface]

Originally Posted by JnmEaton

8%? Ahhhhhhh, the good ole days!

Why old days?
I am currently yielding 7% YTD and have exceeded 10% for quite a few of the last 20 years.
If one is talking savings bank then yeah, pipe dreams.

[The Libertine]

Originally Posted by imperio

Well whether it becomes more "worth" or not depends on whether you account for inflation...


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...and it will only be "worth" what someone is willing to pay at that given moment in time.

[ras47]

Generally speaking, PM watches don't appreciate like classic non-PM ones. Unless, of course, something dramatic happens in the metals market. As it was explained to me, this is partly because a lot of the PM watches sell for premiums when new. Also, the resale market for watches has been in the tank for a while now. Rolex had held up better than most other high-end brands. This will almost certainly change at some point but nobody knows when. A year? A decade?

[mtgjr]

Originally Posted by 123Blueface

Why old days?
I am currently yielding 7% YTD and have exceeded 10% for quite a few of the last 20 years.
If one is talking savings bank then yeah, pie dreams.

I would suggest you meant to say "pipe dreams", but last time I thought you meant to use a different word, in turns out that you really did mean to say what you typed. So.....maybe you just have a sweet tooth and went to bed without any dessert....

[KrismanX]

Some will, yes.

[Mystro]

But you wouldn't know the correct time for 10 years.
PM market doesn't impress me. I just floundered a bunch of gold for the last few years. I would have rather have purchased a $8k Rolex than $8k of gold. I wanted to dabble in pm just for fun.

Originally Posted by hoppes-no9

And $2,500 invested at 8% for that same 20 year period would have grown to more than $10,000.

[123Blueface]

Originally Posted by mtgjr

I would suggest you meant to say "pipe dreams", but last time I thought you meant to use a different word, in turns out that you really did mean to say what you typed. So.....maybe you just have a sweet tooth and went to bed without any dessert....

Yeah, hate when I use the iPad keyboard and type fast with two thumbs.

[GMT Aviator]

Rolex is a good place to park money. That's about it, some references not withstanding.

I'm not looking to make money on any of my watches, although the GMT's I have, have done really well the way they've gone up in value.

But Rolex makes 'parking' money oh so enjoyable.

[Yzord]

Originally Posted by 123Blueface

Why old days?
I am currently yielding 7% YTD and have exceeded 10% for quite a few of the last 20 years.
If one is talking savings bank then yeah, pipe dreams.

I'm yielding atm 2000% on crypto coins. Made from 2200 euro in 2013 to 5 million in 2017. Stocks are boring :)

[Chewbacca]

this thread title gave me a stroke.

[123Blueface]

Originally Posted by Yzord

I'm yielding atm 2000% on crypto coins. Made from 2200 euro in 2013 to 5 million in 2017. Stocks are boring :)

At my age, soon to retire, I need to now be on the conservative side, although still take some risk.
The way I see it, as long as I yield better than 5%, I can live a happy life.
No doubt 7-8% return should be no problem. That's why I am surprised some seem surprised that can't be done.

[Yzord]

Originally Posted by 123Blueface

At my age, soon to retire, I need to now be on the conservative side, although still take some risk.
The way I see it, as long as I yield better than 5%, I can live a happy life.
No doubt 7-8% return should be no problem. That's why I am surprised some seem surprised that can't be done.

It can surely been done, but i hold stocks since 2000 and the overall profit of it is, compared to what i am yielding now, very boring and predictive.

If you like risk you can try to invest in crypto coins, like bitcoin or many others. It's more fun, but also more risky.

[hugs]

At the current RRP gold will have to get to about $6-7k an ounce for the melt value of a Rolex to equal today's RRP. At the moment it's about $1200. And even by the time gold has quintupled in price inflation will have been such that you will still be sitting on a significant loss in reality.

[No SUBctitute]

Originally Posted by NavitimerNut

Well, back in the 1990s, a GMT Master II was $2,500. Now you'd have a hard time finding one less than $5k on the used market

No one should take this to mean that watches are a good investment just because it increased in value from $2500 to $5000 from 1995 to 2017.

A $2500 investment in an SP500 stock index fund in 1995 would be worth $10,000 now.

[amg55]

I buy Rolex because I like the brand and the quality. If I were to make money 10 years down the track when it comes time to flip then it's a real bonus. Even if i were to just get back what I paid for, it'd be like I wore a great watch for free.

[WEST HAM ROLEX]

Originally Posted by NavitimerNut

Well, back in the 1990s, a GMT Master II was $2,500. Now you'd have a hard time finding one less than $5k on the used market

Or, 1970 - 295 USD

[WEST HAM ROLEX]

8%
I seem to remember - I was using my interest money to go and see Duran Duran concerts

But was fortunate enough to get my Sub in 1988 for 1500 pounds

[Andad]

Originally Posted by Yzord

I'm yielding atm 2000% on crypto coins. Made from 2200 euro in 2013 to 5 million in 2017. Stocks are boring :)

This reminds me of a story I read.

This guy altered his monthly pay cheque from $2000 yo $2000000.

It was a brilliant idea right up until he handed the cheque to the bank teller.

[joli160]

Current pre owned prices for semi classics is a bubble imho