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polargar · 29 August 2009, 05:01 PM

I am considering my second Rolex purchase - my first is a preowned datejust bought 15 yrs ago.

I have had my heart set on a YG President but was quoted nearly 29k (Can $) and am wondering what your suggestions are with exploring the preowned market instead?

Thanks in advance.

padi56 · 29 August 2009, 07:45 PM

Quote:

Originally Posted by polargar

I am considering my second Rolex purchase - my first is a preowned datejust bought 15 yrs ago.

I have had my heart set on a YG President but was quoted nearly 29k (Can $) and am wondering what your suggestions are with exploring the preowned market instead?

Thanks in advance.

Myself not a lover of precious metal watches you should be able to get a discount up to 20% 25% off new if you haggle hard.But if you buy used you should get one for a good price. As they have taken the large deprecation hit that most precious metal get from there bought new new price.But today gold and scrap gold prices are at there highest for many years so haggle hard for a good price.

Czechman · 29 August 2009, 08:16 PM

If you can afford new and plan to keep it, do it and you'll have a family heirloom that you can pass on to your kid so he can sell it. .

Seriously, you can buy a mint condition gold president for about half price of new. I'm sure you didn't get into the position of being able to afford a $25k watch by being foolish with your money so why not apply that same mentality here?

Look in the FS forum, there's a guy there trying to sell a ROSE GOLD presidential for $11,500... Hello?

Padi Edit
Even though your statement had a smiley at end, it was not in good taste so removed the last part.

rajurama · 29 August 2009, 08:23 PM

well i bought a new day date as it was a special gift for my dad... however a preowned good condition watch would look like new once you get it serviced and polished...

Cato · 29 August 2009, 08:34 PM

Quote:

Originally Posted by Czechman

If you can afford new and plan to keep it, do it and you'll have a family heirloom that you can pass on to your kid so he can sell it.
Seriously, you can buy a mint condition gold president for about half price of new. I'm sure you didn't get into the position of being able to afford a $25k watch by being foolish with your money so why not apply that same mentality here?

Look in the FS forum, there's a guy there trying to sell a ROSE GOLD presidential for $11,500... Hello?

Sound wisdom.

zak98 · 29 August 2009, 10:03 PM

yep.. would look around at the for sale section here or TZ.

Brushpup · 29 August 2009, 10:08 PM

Quote:

Originally Posted by Czechman

If you can afford new and plan to keep it, do it and you'll have a family heirloom that you can pass on to your kid so he can sell it

That is just plain tacky.

I must agree that Pre-Owned is a smart choice on a DD.

Brushpup · 29 August 2009, 10:36 PM

Thank you Padi.

barstoolman · 29 August 2009, 10:37 PM

Depending how old of one you want to buy, the deals are great out there. For late models, less than half the price of new. If you want to dip into the 60's or the 70's, you can find nice ones as low as in the 5's.

Good hunting!!!!!

gone-rolex-mad · 29 August 2009, 11:46 PM

New is a no no with gold, they are a very bad investment. I paid £9500 for my pre-loved six month old DD, the new retail is close to £17000!!!! Go pre-owned all the way

Submarino · 29 August 2009, 11:48 PM

I would go with a preowned. With box and papers you might find something around $11-13K

polargar · 30 August 2009, 01:05 AM

Thanks very much guys. You have confirmed my suspisions. Back in my mid 20's when I made this promise to myself I had a number of around 10k in my mind - clearly this was a preloved number. :)

Any links to follow the preowned market, perhaps even a dealer locater in say Winnipeg, MB?

Thanks again!

Peter · 30 August 2009, 06:22 AM

...Chozn1 is selling his. It's very very nice!!!

polargar · 15 May 2010, 01:35 PM

I am in Denver all next week on business - any great preowned dealers in the mile high city?

Singslinger · 15 May 2010, 04:25 PM

Most of the time, I'm not a fan of buying secondhand but considering how high the initial depreciation is for the Day-Date, I'd be willing to make an exception in this case!

golfball123 · 15 May 2010, 05:07 PM

no wonder till now, I cannot afford the bumblebee AP...

i bought all my rolexes new..

G.J · 15 May 2010, 05:18 PM

Pre-loved has my vote...

You would save yourself a serious amount of $$

Watchboxman · 15 May 2010, 05:28 PM

I personally think when it comes to Gold watches - especially heirloom pieces - there is only 1 brand. Patek Philippe.

inspires · 15 May 2010, 05:45 PM

Pre-loved all the way, should be more than 50% off retail.

Alex Collector · 15 May 2010, 07:46 PM

Go for pre owned and save more thn 50 % off retail

Alex

tomchicago · 16 May 2010, 12:40 AM

The plunge in value these watches take makes it hard to justify buying new. Almost a sucker trade IMO.

Renoir · 16 May 2010, 10:27 AM

Considering the depreciation....another vote for preowned.

HL65 · 16 May 2010, 08:34 PM

If you look hard enough you will find new DDll's for roughly 18k from solid grey dealers! Don't waste the money at an AD!!

29 August 2009, 05:01 PM	#1
polargar "TRF" Member Join Date: Aug 2009 Real Name: Chris Location: Nunavut, Canada Watch: Datejust Posts: 10	Day Date President - New vs Preowned? I am considering my second Rolex purchase - my first is a preowned datejust bought 15 yrs ago. I have had my heart set on a YG President but was quoted nearly 29k (Can $) and am wondering what your suggestions are with exploring the preowned market instead? Thanks in advance.

29 August 2009, 08:16 PM	#3
Czechman "TRF" Member Join Date: Aug 2009 Location: USA Watch: See my signature Posts: 1,189	If you can afford new and plan to keep it, do it and you'll have a family heirloom that you can pass on to your kid so he can sell it. . Seriously, you can buy a mint condition gold president for about half price of new. I'm sure you didn't get into the position of being able to afford a $25k watch by being foolish with your money so why not apply that same mentality here? Look in the FS forum, there's a guy there trying to sell a ROSE GOLD presidential for $11,500... Hello? Padi Edit Even though your statement had a smiley at end, it was not in good taste so removed the last part. __________________ "Woody and Jen say hey from North Kakalaki" 19019, 19018x3, 17000x2, 16570x2, 16220, 5700, 1501, 6564, 16030, 16710, 16610

29 August 2009, 10:03 PM	#6
zak98 "TRF" Member Join Date: Oct 2007 Location: TN Watch: Rolex Posts: 2,166	yep.. would look around at the for sale section here or TZ. __________________ Z- Submariner; P- Airking; R- DateJust; M- GMTII; C0 - Milgauss GV Breitling SuperOcean Heritage 46 Omega Speedmaster Racing Panerai PAM390

29 August 2009, 10:36 PM	#8
Brushpup "TRF" Member Join Date: Jun 2007 Real Name: Patrick Location: Texas Watch: what I'm wearing Posts: 5,943	Thank you Padi. __________________ *TRFs "AFTER DARK" Bar & NightClub Patron-Founding Member* PClub # 10 74,592 The safest place for your watch is on your wrist.

29 August 2009, 11:46 PM	#10
gone-rolex-mad "TRF" Member Join Date: Oct 2008 Location: Andalucia Spain Watch: WG daydate-Daytona Posts: 1,338	New is a no no with gold, they are a very bad investment. I paid £9500 for my pre-loved six month old DD, the new retail is close to £17000!!!! Go pre-owned all the way __________________ Choose to allocate your time to imbeciles at your peril!

29 August 2009, 08:23 PM	#4
rajurama "TRF" Member Join Date: Oct 2008 Real Name: Rick Location: Wakanda Watch: amacallit Posts: 2,090	well i bought a new day date as it was a special gift for my dad... however a preowned good condition watch would look like new once you get it serviced and polished...

29 August 2009, 10:37 PM	#9
barstoolman Banned Join Date: May 2007 Location: Los Angeles Posts: 801	Depending how old of one you want to buy, the deals are great out there. For late models, less than half the price of new. If you want to dip into the 60's or the 70's, you can find nice ones as low as in the 5's. Good hunting!!!!!

29 August 2009, 11:48 PM	#11
Submarino "TRF" Member Join Date: Aug 2009 Real Name: Mr. H Location: Dallas Watch: them for me! Posts: 7,180	I would go with a preowned. With box and papers you might find something around $11-13K __________________ WATCHES ARE THE NEW CURRENCY!/ MEMBER 27491/OFFICIALLY DESIGNATED OLD TIMER /AP OWNERS CLUB MEMBER Instagram @watchcollectinglifestyle

30 August 2009, 01:05 AM	#12
polargar "TRF" Member Join Date: Aug 2009 Real Name: Chris Location: Nunavut, Canada Watch: Datejust Posts: 10	Thanks very much guys. You have confirmed my suspisions. Back in my mid 20's when I made this promise to myself I had a number of around 10k in my mind - clearly this was a preloved number. :) Any links to follow the preowned market, perhaps even a dealer locater in say Winnipeg, MB? Thanks again!

30 August 2009, 06:22 AM	#13
Peter Member Join Date: Apr 2007 Location: Illinois Watch: 18078 Day Date Posts: 59	Check out the For Sale section in this forum... ...Chozn1 is selling his. It's very very nice!!!

15 May 2010, 01:35 PM	#14
polargar "TRF" Member Join Date: Aug 2009 Real Name: Chris Location: Nunavut, Canada Watch: Datejust Posts: 10	I am in Denver all next week on business - any great preowned dealers in the mile high city?

15 May 2010, 04:25 PM	#15
Singslinger "TRF" Member Join Date: Sep 2008 Location: singapore Posts: 6,424	Most of the time, I'm not a fan of buying secondhand but considering how high the initial depreciation is for the Day-Date, I'd be willing to make an exception in this case!

15 May 2010, 05:07 PM	#16
golfball123 "TRF" Member Join Date: Apr 2008 Location: thailand / m'sia Watch: YG DD & GMT,TT SUB Posts: 1,265	no wonder till now, I cannot afford the bumblebee AP... i bought all my rolexes new.. __________________ Present Collections TT Date-just, TT Sub. (Bluesy), YG Date-Date, YG GMT IIc (Black dial). SS GMT IIc

15 May 2010, 05:18 PM	#17
G.J "TRF" Member Join Date: Mar 2007 Location: Planet Earth Posts: 2,094	Pre-loved has my vote... You would save yourself a serious amount of $$ __________________ In Memory of JJ Irani

15 May 2010, 05:28 PM	#18
Watchboxman Member Join Date: May 2010 Location: Mt Ommaney Posts: 24	I personally think when it comes to Gold watches - especially heirloom pieces - there is only 1 brand. Patek Philippe.

15 May 2010, 05:45 PM	#19
inspires "TRF" Member Join Date: Aug 2008 Real Name: Eric Location: Hong Kong Watch: 1665 Posts: 1,495	Pre-loved all the way, should be more than 50% off retail. __________________ _____________ All GREEN

15 May 2010, 07:46 PM	#20
Alex Collector 2024 Pledge Member Join Date: Apr 2008 Location: San Francisco, Ca Posts: 11,819	Go for pre owned and save more thn 50 % off retail Alex

16 May 2010, 12:40 AM	#21
tomchicago Banned Join Date: Feb 2010 Location: Chicago Watch: 16710BLRO, 214270. Posts: 2,717	The plunge in value these watches take makes it hard to justify buying new. Almost a sucker trade IMO.

16 May 2010, 10:27 AM	#22
Renoir "TRF" Member Join Date: Dec 2009 Real Name: Renato Location: New York Posts: 2,396	Considering the depreciation....another vote for preowned.

16 May 2010, 08:34 PM	#23
HL65 TRF Moderator & 2024 SubLV41 Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 64,006	If you look hard enough you will find new DDll's for roughly 18k from solid grey dealers! Don't waste the money at an AD!! __________________ *SPEM SUCCESSUS ALIT*

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