rolex as investment, Hmmm what does WSJ have to say?

[wicked1044]

i wanna hear the story!

Originally Posted by bycrom

It is interesting that part about a good rolex being universal currency. In 2003 I was in Astrakhan Russia needing about five thousand USD, not to go into details but it would have really, really, sucked if I could not get the cash.

I called my main bank (Wells) where I had plenty of money... nothing. Thank god for my Citibank card, they came through for me, found the closest place and called a head to get things cleared.

I guess writing that I could have flown back to Moscow, got money, and flown back, or maybe Volgograd? In any event interesting that Rolex has a universal name and worth. (Not going to travel with my original papers and boxes though :-)

[Rolex time is money]

Originally Posted by wicked1044

i wanna hear the story!

Me too, I love to hear this kind of Rolex story and was the reason I got into Rolex in the first place

[Hairdude1]

Thanks for sharing!

[SPACE-DWELLER]

Buy a Rolex model BNIB and keep it long enough, you just might get your money back on a re-sale due to the frequent price increases.... but I wouldn't call that an investment.

It's better to buy preowned and let the first owner take the hit of the re-sale... or get a HUGE discount at the AD which (at least what my AD is concerned) is history since AD cost prices have risen, too.