resale value

[superpippo]

hi guys,

sorry to bother you with a boring question...I know...
I'm considering buying my first rolex and I'm tempted to get a day-date, if I can afford I would like a rose gold.

Now, since I know one day I might have to consider to sell it should I need to collect money, would I get a hit if I sell it after a couple of years ? I don't mind spending o lot of my hard earnt money on this type of watch, if I know I would be able to get most of it back the day I sell it!

so, would a day date hold its value well ? Should I buy second one ? does it matter how old the watch is, if I buy second hand ?

Sorry for these questions, hope somebody can give me some good answers!

thanks!

[padi56]

Gold watches do not hold there value in proportion to price paid when bought new as say the S.steel sports models.Basically there has been very little change to most of the oyster range including the Day-date since 1988.Most are purely cosmetic the movement is the same except for some now having the in-house escapements parts but IMHO that no big deal.You should always bargain hard if you are going to buy new, as gold watches in general a quite slow and poor volume sellers.So if you can find a good second hand deal thats the way I would go but must admit not a fan of gold watches.

[shirtguy]

i bought a wg datejust with leather strap i paid around 9500 new from dealer im assuming that since i got a steal if id ever wanna sell it i wouldnt lose much if any

[TKB]

wow thats a beautiful DJ!!

[tkc324]

Originally Posted by padi56

Gold watches do not hold there value in proportion to price paid when bought new as say the S.steel sports models.Basically there has been very little change to most of the oyster range including the Day-date since 1988.Most are purely cosmetic the movement is the same except for some now having the in-house escapements parts but IMHO that no big deal.You should always bargain hard if you are going to buy new, as gold watches in general a quite slow and poor volume sellers.So if you can find a good second hand deal thats the way I would go but must admit not a fan of gold watches.

Padi is spot on... resell on gold Rolex just not great. The only real way to get most of what you paid is go second hand. Make sure you bargain hard with the seller and get a full set... box, paper, tags...etc. This will save you a lot of head ache when you are ready to sell....

[lhanddds]

Originally Posted by tkc324

padi is spot on... Resell on gold rolex just not great. The only real way to get most of what you paid is go second hand. Make sure you bargain hard with the seller and get a full set... Box, paper, tags...etc. This will save you a lot of head ache when you are ready to sell....

x2

[TKB]

Correct me if I'm wrong but the rule of thumb is 60-70% of the list price for precious metal rolexes right? For a pre-owned purchase that is. Unless it's a super limited release like the masterpiece or crown collection of course.

[superpippo]

thanks guys for the useful replies.
I don't mind buying second hand, and yes I do want to get one with box and all papers.

hopefully it will be a beatiful day date which if necessary I can sell without taking a hit!!

I'll have a look around wan chai (hong kong), I know there are a couple of decent places to look for well priced second hand rolex watches.

I will keep you posted!
Thanks again.

[CashGap]

Originally Posted by tkc324

Presell on gold Rolex just not great.

Have we discovered why?

Top of my head it could be because:

- Rolex is defined by SS, and gold deviates from the "archetypal Rolex"

- Rolex adds a markup to gold models disproportionate to cost, and the secondary market doesn't follow. Example, drop $50 of SS from a Bezel, add $1200 of gold, MSRP goes up $4,000 and secondary market whacks the price at first resale.*

- Three year old SS/Ceramic Rolex looks like new, gold Rolex doesn't, and resale hit reflects this difference

- Buyers of new Rolex are less WIS than resale buyers, and WIS don't hang a high value on the gold components

- ?

- ?

So what is it?



*I didn't look for an exact model, just guessing

[slcbbrown]

Originally Posted by superpippo

hi guys,

sorry to bother you with a boring question...I know...
I'm considering buying my first rolex and I'm tempted to get a day-date, if I can afford I would like a rose gold.

Now, since I know one day I might have to consider to sell it should I need to collect money, would I get a hit if I sell it after a couple of years ? I don't mind spending o lot of my hard earnt money on this type of watch, if I know I would be able to get most of it back the day I sell it!

so, would a day date hold its value well ? Should I buy second one ? does it matter how old the watch is, if I buy second hand ?

Sorry for these questions, hope somebody can give me some good answers!

thanks!

I read the other postings and disagree a little. I do believe that the more expensive Rolex tend to drop in value pretty good, and gold is typically the top of the line. However, brand new stainless watches bought at full AD prices drop a bunch, as well.

If you think there is a strong chance that you will have to sell your watch in the not too distant future, your only real protection against taking a major loss is to buy pre-owned. When you buy pre-owned, much of the early depreciation has already happened to the first buyer.

[Chipmunk]

Originally Posted by slcbbrown

If you think there is a strong chance that you will have to sell your watch in the not too distant future, your only real protection against taking a major loss is to buy pre-owned. When you buy pre-owned, much of the early depreciation has already happened to the first buyer.

Good advice.

[1bad750]

I think the real reason on the 2nd hand the gold ones fall is because 90% of people cant drop 20k on a gold watch. But buy a 2nd hand presi at a resonable rate and thats money in the bank.

[mrbill2mrbill2]

New Gold and TT Rolexes prices drop much more dramaticly than SS.