ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Scuba_Demon · 16 May 2010, 03:11 AM

Hi,

I just bought a new 16610 LV as a bit of an impulse purchase last week (I had been looking for a while but not seen many about then got a chance tax free while abroad), however my better half is not too keen on me keeping it.

I have tried to explain its a reasonable long term investment, well compare with 0.1% interest at the bank, but does this seem a reasonable argument.

G.

padi56 · 16 May 2010, 04:04 AM

Quote:

Originally Posted by Scuba_Demon

Hi,

I just bought a new 16610 LV as a bit of an impulse purchase last week (I had been looking for a while but not seen many about then got a chance tax free while abroad), however my better half is not too keen on me keeping it.

I have tried to explain its a reasonable long term investment, well compare with 0.1% interest at the bank, but does this seem a reasonable argument.

G.

Cannot see any modern day Rolex as any sort of investment sure they will hold there price well in the market.But a investment definitely not,there are much better options than any modern day Rolex just to many of them around.

Latrodectus · 16 May 2010, 04:06 AM

Welcome to TRF!

I don't think of our watches as an investment...

buckeyesFAN · 16 May 2010, 04:22 AM

not an investment because an investment has upside but you can tell her that the watch will hold its value and if you are ever in a pinch for cash and you lose your job, the watch willbe worth darn near what you paid for it and you can easily sell. i bought a submariner as well, wore itfor years and sold it for $100 less than i paid for it new. now that my job situation is better, i am buying a new one.

JMIND · 16 May 2010, 07:52 AM

Quote:

Originally Posted by buckeyesFAN

not an investment because an investment has upside but you can tell her that the watch will hold its value and if you are ever in a pinch for cash and you lose your job, the watch willbe worth darn near what you paid for it and you can easily sell. i bought a submariner as well, wore itfor years and sold it for $100 less than i paid for it new. now that my job situation is better, i am buying a new one.

I agree!

Johny · 16 May 2010, 08:01 AM

Quote:

Originally Posted by Scuba_Demon

Hi,

I just bought a new 16610 LV as a bit of an impulse purchase last week (I had been looking for a while but not seen many about then got a chance tax free while abroad), however my better half is not too keen on me keeping it.

I have tried to explain its a reasonable long term investment, well compare with 0.1% interest at the bank, but does this seem a reasonable argument.

G.

tax free....what was the price and from which country. thank you.

Traveler · 16 May 2010, 08:09 AM

It is your money, if you want to spend it on a Rolex, who is to say you can't ? Don't fool yourself into thinking it is an investment however, becuase it is not..it is simply an expensive, quality, luxury watch.

HL65 · 16 May 2010, 08:21 AM

Definitely not an investment! A piece of wrist art it is!!

spuds · 16 May 2010, 10:06 AM

IMO It's not an investment unless you consider a cheaper watch almost 'consumable' or even 'disposable'.

ie: If you wear a £500 watch but buy one every year over ten years you've spent £5,000 & got maybe £1,000 in re-sale value.

Buy a £5,000 Rolex & I'd be confident that you'd get that money back a few years down the line.

Art 1 · 16 May 2010, 10:22 AM

Just got one myself, well done.

sakuraba · 16 May 2010, 10:39 AM

Buy a vintage for investment, and a modern for its wearability.

BTW, welcome to TRF!

JUSTROLEXES · 16 May 2010, 10:44 AM

Welcome to TRF.
When trying to justify something we get to call it many names..in this case it was called investment

Good Move but you have to check the wife she might be a She WIS

sleddog · 16 May 2010, 10:49 AM

Welcome to TRF,and congrats on the LV pal!!

I'm not sure if your argument flies with the better half but you have picked a winner to keep!

MortgageGuy · 16 May 2010, 11:36 AM

Congrats on the LV, a great looking watch. Dont let it go, I flipped mine and regret it now... Good luck with the wife, that is a uphill battle. My advice, pick her up a ladies DJ and see what happens

As others have said investment-NO A great watch that you can wear for years and most likely get your $$$ back out of it when you sell it-YES

Good Luck,
Adam

sea-dweller · 16 May 2010, 11:37 AM

Welcome and congrats on the LV Sub !

Scuba_Demon · 16 May 2010, 09:33 PM

Thanks for the replies I guess you are all right the investment arguement does really fly but I would sooner have one than money in the bank at this point in time (you can't take it with you).

I guess I will just do some more pleading.

Regarding the question on price In the UK list is £4070 to I picked it up at Heathrow for circa £3400.

superb · 17 May 2010, 01:31 AM

If you are thinking of getting an LV as investment, you should be looking at the 2003 LV, the first year the LV was sold.

Arrgo · 17 May 2010, 01:48 AM

Congrats on the new LV

And a big welcome to TRF.

As for investment ,NO - As for sickness YES

and if you stick around here for any time, you will find yourself buying more Rolexes and wake up one day realizing you need a 12 step program

rlx4u · 17 May 2010, 01:53 AM

Quote:

Originally Posted by SteelerFan1965

Definitely not an investment! A piece of wrist art it is!!

Watch Fan · 17 May 2010, 02:44 AM

Nice try!! I used to tell my wife that one too, untill she finally caught on! Enjoy the LV.

16 May 2010, 03:11 AM	#1
Scuba_Demon "TRF" Member Join Date: May 2010 Location: Cambridge (UK) Watch: 16610 LV Posts: 3	New LV Hi, I just bought a new 16610 LV as a bit of an impulse purchase last week (I had been looking for a while but not seen many about then got a chance tax free while abroad), however my better half is not too keen on me keeping it. I have tried to explain its a reasonable long term investment, well compare with 0.1% interest at the bank, but does this seem a reasonable argument. G.

16 May 2010, 04:06 AM	#3
Latrodectus 2024 SubLV41 Pledge Member Join Date: Sep 2008 Real Name: Fred Location: KY, USA Watch: GMT-Master II Posts: 10,043	Welcome to TRF! I don't think of our watches as an investment... __________________ Member # 16057 4-Hands Club Tosser Club Member TRF Skypers Group

16 May 2010, 08:21 AM	#8
HL65 TRF Moderator & 2024 SubLV41 Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 64,008	Definitely not an investment! A piece of wrist art it is!! __________________ *SPEM SUCCESSUS ALIT*

16 May 2010, 10:06 AM	#9
spuds "TRF" Member Join Date: Nov 2009 Real Name: Dan Location: Essex, UK Watch: West Ham! COYI!! Posts: 7,941	IMO It's not an investment unless you consider a cheaper watch almost 'consumable' or even 'disposable'. ie: If you wear a £500 watch but buy one every year over ten years you've spent £5,000 & got maybe £1,000 in re-sale value. Buy a £5,000 Rolex & I'd be confident that you'd get that money back a few years down the line. __________________ Onwards & Upwards Rodders...... Onwards & Upwards. Life is not about how fast you can run or how high you can climb........... It's about how well you can bounce!! TRF HALL OF FAME JANUARY 2010

16 May 2010, 10:39 AM	#11
sakuraba "TRF" Member Join Date: May 2009 Real Name: Jib Location: SJ, California Watch: sun dial Posts: 8,189	Buy a vintage for investment, and a modern for its wearability. BTW, welcome to TRF! __________________ F 14000 AirKing black F 16710 GMT Pepsi F 16570 Explorer II white T 16600 SD D 16610 LV "fine quality is remembered long after the pain of spending money" -Steve Mulholland

16 May 2010, 04:22 AM	#4
buckeyesFAN Member Join Date: May 2010 Location: ohio Posts: 19	not an investment because an investment has upside but you can tell her that the watch will hold its value and if you are ever in a pinch for cash and you lose your job, the watch willbe worth darn near what you paid for it and you can easily sell. i bought a submariner as well, wore itfor years and sold it for $100 less than i paid for it new. now that my job situation is better, i am buying a new one.

16 May 2010, 08:09 AM	#7
Traveler Member Join Date: Mar 2010 Location: Los Angeles Posts: 374	It is your money, if you want to spend it on a Rolex, who is to say you can't ? Don't fool yourself into thinking it is an investment however, becuase it is not..it is simply an expensive, quality, luxury watch.

16 May 2010, 10:22 AM	#10
Art 1 Banned Join Date: Feb 2008 Location: Florida, Canada Watch: Rol/Seik/Tud/Omega Posts: 30,244	Just got one myself, well done.

16 May 2010, 10:44 AM	#12
JUSTROLEXES ⭐⭐⭐⭐⭐ 2024 SubLV41 Sponsor & Boutique Seller Join Date: Jul 2009 Real Name: Tony Geha Location: San Diego, CA Watch: Yacht-Master Posts: 51,120	Welcome to TRF. When trying to justify something we get to call it many names..in this case it was called investment Good Move but you have to check the wife she might be a She WIS __________________ Instagram @JustRolexes 2FA security active

16 May 2010, 10:49 AM	#13
sleddog TRF Moderator & 2024 SubLV41 Patron Join Date: Jul 2007 Real Name: Rob Location: Nearby. Posts: 24,931	Welcome to TRF,and congrats on the LV pal!! I'm not sure if your argument flies with the better half but you have picked a winner to keep! __________________ He who wears a Rolex is always on time, even when late!! TRF's "After Dark" Bar & Nightclub Patron-Founding Member..

16 May 2010, 11:36 AM	#14
MortgageGuy "TRF" Member Join Date: Jun 2009 Real Name: Adam Location: Orlando, Florida Watch: Me Posts: 9,935	Congrats on the LV, a great looking watch. Dont let it go, I flipped mine and regret it now... Good luck with the wife, that is a uphill battle. My advice, pick her up a ladies DJ and see what happens As others have said investment-NO A great watch that you can wear for years and most likely get your $$$ back out of it when you sell it-YES Good Luck, Adam __________________ The richest people in the world look for and build NETWORKS, Everyone else looks for work... Robert Kiyosaki

16 May 2010, 11:37 AM	#15
sea-dweller "TRF" Member Join Date: Oct 2007 Real Name: Dennis Location: Bay Area - 925 Posts: 40,018	Welcome and congrats on the LV Sub ! __________________ TRF Member #6699 (since September 2007)

16 May 2010, 09:33 PM	#16
Scuba_Demon "TRF" Member Join Date: May 2010 Location: Cambridge (UK) Watch: 16610 LV Posts: 3	Thanks for the replies I guess you are all right the investment arguement does really fly but I would sooner have one than money in the bank at this point in time (you can't take it with you). I guess I will just do some more pleading. Regarding the question on price In the UK list is £4070 to I picked it up at Heathrow for circa £3400.

17 May 2010, 01:31 AM	#17
superb "TRF" Member Join Date: Feb 2010 Location: anywhere but here Posts: 690	If you are thinking of getting an LV as investment, you should be looking at the 2003 LV, the first year the LV was sold.

17 May 2010, 01:48 AM	#18
Arrgo "TRF" Member Join Date: Jan 2010 Real Name: Alan Location: Wet coast, Canada Watch: A few, yes Posts: 368	Congrats on the new LV And a big welcome to TRF. As for investment ,NO - As for sickness YES and if you stick around here for any time, you will find yourself buying more Rolexes and wake up one day realizing you need a 12 step program __________________ Experience is something you don't get until just after you need it. - Steven Wright

17 May 2010, 02:44 AM	#20
Watch Fan "TRF" Member Join Date: Apr 2008 Location: California Watch: Sea Dweller Posts: 676	Nice try!! I used to tell my wife that one too, untill she finally caught on! Enjoy the LV.

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