The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Old 9 April 2019, 02:32 AM   #1
NYG1121
"TRF" Member
 
NYG1121's Avatar
 
Join Date: May 2016
Location: NE
Posts: 2,898
Trading Based on Market Value

So many threads these days based on recent trends in market value and flipping to be able to get essentially a more expensive watch. It really begs a fundamental question of why we enjoy and collect our watches?

I loved the look of a Rolex sub for as long as I can remember. I am now lucky enough to own both a sub and a GMT. Then came many others purely based on aesthetics and appeal such as daytona and other brands in my signature.

Is all that out the window now that my watches are worth more? Just because I can use the current market to get myself into a PM? I think many with this mentality will be left feeling empty when all the dust settles because they will truly miss what got them into watches in the first place.

Just my 2 cents. Thoughts welcomed!
__________________
Instagram @awristcheck
NYG1121 is offline   Reply With Quote
Old 9 April 2019, 02:48 AM   #2
jsausley
"TRF" Member
 
jsausley's Avatar
 
Join Date: Jul 2018
Location: North Carolina
Watch: 214270/116710BLNR
Posts: 813
Why downgrade to a less desirable PM model?

Wait, let me make sure I'm wearing my flame resistant clothes.
__________________
214270 | 116710BLNR
jsausley is offline   Reply With Quote
Old 9 April 2019, 03:08 AM   #3
bobernet
"TRF" Member
 
Join Date: Dec 2009
Real Name: Bob
Location: Mountains
Watch: ALS, AP, PP, Rolex
Posts: 2,988
I think you paint with too broad a brush. I’m sure some people fall into the category you describe, but consider some alternatives...

1. Always appreciated and wanted PM, but bought SS or TT to accommodate budget needs.
2. Began to appreciate PM as tastes matured, and the current market provides an easy upgrade opportunity.
3. Was already planning/saving for PM and current pricing accelerates their acquisition.
4. People who have been buying and enjoying PM long before the current market craziness.

As to jsausley’s comment, “less accessible” and “less desirable” are not the same. PM watches (both Rolex and other brands) have been aspirational pieces for generations.
bobernet is offline   Reply With Quote
Old 9 April 2019, 03:13 AM   #4
Fleetlord
2024 Pledge Member
 
Fleetlord's Avatar
 
Join Date: May 2013
Location: Vain
Posts: 6,023
Quote:
Originally Posted by NYG1121 View Post
So many threads these days based on recent trends in market value and flipping to be able to get essentially a more expensive watch. It really begs a fundamental question of why we enjoy and collect our watches?

I loved the look of a Rolex sub for as long as I can remember. I am now lucky enough to own both a sub and a GMT. Then came many others purely based on aesthetics and appeal such as daytona and other brands in my signature.

Is all that out the window now that my watches are worth more? Just because I can use the current market to get myself into a PM? I think many with this mentality will be left feeling empty when all the dust settles because they will truly miss what got them into watches in the first place.

Just my 2 cents. Thoughts welcomed!
Does it?

What does it matter why other people collect things as long as you are collecting for your reasons?
Fleetlord is offline   Reply With Quote
Old 9 April 2019, 03:36 AM   #5
NYG1121
"TRF" Member
 
NYG1121's Avatar
 
Join Date: May 2016
Location: NE
Posts: 2,898
So the underlying premise that we all really just want PM but "settle" for SS because we can't afford PM?

And for the record, I am all for people to collect what makes them happy. Just a conversation
__________________
Instagram @awristcheck
NYG1121 is offline   Reply With Quote
Old 9 April 2019, 03:41 AM   #6
bobernet
"TRF" Member
 
Join Date: Dec 2009
Real Name: Bob
Location: Mountains
Watch: ALS, AP, PP, Rolex
Posts: 2,988
Quote:
Originally Posted by NYG1121 View Post
So the underlying premise that we all really just want PM but "settle" for SS because we can't afford PM?
“We all” is the problem. You keep trying to generalize.

Some are buying PM just because it’s more expensive and they can. Some are buying because it’s now accessible and wasn’t before. Some have always preferred PM. Some think it’s over the top, ostentatious, “bling”, and would never consider one.

You tried to assign a single motive and stereotype buyers who are upgrading to PM right now in the current inflated SS market. I’m simply pointing out that there are many other motivations and buyer personas you’ve not considered.
bobernet is offline   Reply With Quote
Old 9 April 2019, 04:24 AM   #7
jb335
2024 Pledge Member
 
jb335's Avatar
 
Join Date: Jan 2017
Location: The States
Watch: Cosmograph Daytona
Posts: 7,464
I went to PM recently because the gap in pricing between SS and PM has shrunk so much it gave me a great opportunity to justify the splurge to myself!
jb335 is offline   Reply With Quote
Old 9 April 2019, 04:35 AM   #8
Mystro
2024 SubLV41 Pledge Member
 
Mystro's Avatar
 
Join Date: Dec 2009
Real Name: The Mystro ;)
Location: Central Pa.
Posts: 15,511
If the price gap is close to PM then you go PM. All things being equal, no one buys a SS over WG or Platinum if the price point is close.
Mystro is offline   Reply With Quote
Old 9 April 2019, 05:11 AM   #9
SPMN
"TRF" Member
 
SPMN's Avatar
 
Join Date: Apr 2017
Location: St Paul, MN
Watch: Tudor, Omega
Posts: 1,218
Nothing in this hobby makes a dang bit of sense. If everyone were rational, we'd all go without a watch, or we'd buy a $15 quartz Casio. But we're not all doing that. We all have our own strange, personal reasons for getting involved in this hobby. Best to just live and let live, ignore the threads that don't make sense to your value system, read the ones that do, and try to have fun.
SPMN is offline   Reply With Quote
Old 9 April 2019, 07:00 AM   #10
Tools
TRF Moderator & 2024 SubLV41 Patron
 
Tools's Avatar
 
Join Date: May 2007
Real Name: Larry
Location: Mojave Desert
Watch: GMT's
Posts: 43,514
Quote:
Originally Posted by NYG1121 View Post
So the underlying premise that we all really just want PM but "settle" for SS because we can't afford PM?

. . .
This is a false premise.

Of most of the watch collectors I know, desiring a PM watch isn't even on their RADAR.. If they wanted one, they would get one.
__________________
(Chill ... It's just a watch Forum.....)
NAWCC Member
Tools is offline   Reply With Quote
Old 9 April 2019, 08:23 AM   #11
R!$
Banned
 
Join Date: Sep 2014
Location: SoCal
Posts: 2,405
"Just because I can use the current market to get myself into a PM? ...be left feeling empty when all the dust settles because they will truly miss what got them into watches in the first place."

+1
R!$ is offline   Reply With Quote
Old 9 April 2019, 08:36 AM   #12
LooseCann0n
"TRF" Member
 
LooseCann0n's Avatar
 
Join Date: Jan 2019
Location: London, UK
Watch: Daytona,Pepsi,SD4K
Posts: 569
Quote:
Originally Posted by Mystro View Post
If the price gap is close to PM then you go PM. All things being equal, no one buys a SS over WG or Platinum if the price point is close.


Happy to have SS - got grey DaytonaC so could have afforded a PM as few ‘000 more but I wanted a SS as that was the one I wanted.
This game is rarely rational - would have I liked to pay MSRP? Of course - who would pay close to double the “price” but the heart wants what the heart wants.

Should have bought 10 years ago but other watches were in play then. Perhaps this is proof positive am not in it for the flip/buck..

Do I care about resale? No, but would be good to know won’t take a hit if things got desperate and who knows what the next 2,3,5,10 years hold.
Also got another watch soon thereafter - Sea Dweller 4000 (116600) in sons birth year. Again not for resale but see above!

These are the watches that sing to me and make me want to look at my wrist rather than my iPhone for the time, date, timer etc surely that’s what it’s all about but each to their own. Hope everyone buys/collects/trades/flips for reasons that make them happy..

What was my point again? Maybe there wasn’t one..?



Sent from my iPhone using Tapatalk
LooseCann0n is offline   Reply With Quote
Old 9 April 2019, 08:59 AM   #13
NYG1121
"TRF" Member
 
NYG1121's Avatar
 
Join Date: May 2016
Location: NE
Posts: 2,898
Quote:
Originally Posted by LooseCann0n View Post
Happy to have SS - got grey DaytonaC so could have afforded a PM as few ‘000 more but I wanted a SS as that was the one I wanted.
This game is rarely rational - would have I liked to pay MSRP? Of course - who would pay close to double the “price” but the heart wants what the heart wants.

Should have bought 10 years ago but other watches were in play then. Perhaps this is proof positive am not in it for the flip/buck..

Do I care about resale? No, but would be good to know won’t take a hit if things got desperate and who knows what the next 2,3,5,10 years hold.
Also got another watch soon thereafter - Sea Dweller 4000 (116600) in sons birth year. Again not for resale but see above!

These are the watches that sing to me and make me want to look at my wrist rather than my iPhone for the time, date, timer etc surely that’s what it’s all about but each to their own. Hope everyone buys/collects/trades/flips for reasons that make them happy..

What was my point again? Maybe there wasn’t one..?



Sent from my iPhone using Tapatalk
This is great! You went for what sang to you. This is precisely my point. I feel people are “upgrading” to PM without realizing why they bought what they got originally. I understand this doesnt apply to everyone but I think it applies to a lot of people right now
__________________
Instagram @awristcheck
NYG1121 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.