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12 August 2017, 06:28 AM | #31 |
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Not bad at all, Seabreeze. Of course, buying stock in Microsoft, eBay, Apple, Amazon, or Facebook in those 25 years would have done a lot better.
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12 August 2017, 07:36 AM | #32 |
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12 August 2017, 08:52 AM | #33 |
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Watch money should be play money. It's not money one should be using for kids education. It's not retirement money. These incessant watch "investment" threads are bringing me down. Where are all the people enjoying their watches ( especially tool watches/divers putting their watch to task and enjoying their watch)?? Anyone buying up Pepsi GMT sd4k and Kermit dropping them in a safe is just fooling themself. Yes Yes. That one tired YouTube video of the old veteran with a clean Pepsi and all box and papers did great. But that was him. That watch wasn't pristine. Go wear your watch. Dive or at least snorkel in your Sub. Go take a hike at big bend with your Explorer. For me sitting around with a box of pristine watches hoping they'll be worth something one day is a poor man's deal. I hope I don't sound harsh. But when my kids get these watches ( that they probably won't want anyway) , my watches will have scars and dings and stories. I could care less if they are worth 10x or .005x what I paid for them.
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12 August 2017, 09:52 AM | #34 | |
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However, I have purchased watches that had literally no value one year later. You can see them on eBay for $100 or less. I sold several of my original Swiss Army and other watches for 10% of what I paid on eBay. I have given my other non-Rolex watches to my sons who wear them, i.e., Modavo. At least with Rolex we have evidence that if you take care of them you'll probably get your money back after years of enjoyment. |
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12 August 2017, 11:07 AM | #35 |
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Relegated to sapphire models, since vintage is a whole different realm, I'd have to say the 16710 GMTs and 16700s seem to appreciate close to 10% to 12% a year. The original anniversary Submariners, model 16610LV, are doing quite well also.
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12 August 2017, 11:10 AM | #36 | |
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Member of NAWCC since 1990. INSTAGRAM USER NAME: SPRINGERJFP Visit my Instagram page to view some of the finest vintage GMTs anywhere - as well as other vintage classics. |
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12 August 2017, 11:16 AM | #37 |
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Pre-owned prices go up only if new retail prices go up, and that hasn't happened in the US market for several years.
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12 August 2017, 10:57 PM | #38 |
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I love how these threads liken Rolexes to investments. Similar parallels can be drawn to certain cars. We have all seen the large auctions at times bringing serious coin for certain models. These results are intangible and unable to reasonably predict or replicate. I buy watches to enjoy because it's something I love not for potential earnings. Potential earnings are derived from other forms of investments (real estate, stocks, bonds, etfs, etc).
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13 August 2017, 01:05 AM | #39 | |
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Nice calculation! But forgotten is the service cost, the watch needs to be serviced over a 25 years span.
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13 August 2017, 03:07 AM | #40 |
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Chaps
If you buy a Rolex as an investment then you have excellent taste in watches but a totally useless understanding of investments. Stocks and shares outstrip nearly every other form of investment. Regards Mick |
13 August 2017, 03:15 AM | #41 |
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13 August 2017, 04:05 AM | #42 | |
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13 August 2017, 04:06 AM | #43 | |
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You can collect anything you want. Shrunken heads, belly button lint, nice watches. That doesn't mean that others will pay way beyond original price for them. |
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13 August 2017, 04:16 AM | #44 | |
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All I see is every vintage watch selling for massively over what they were even a few years ago. Heuer, Tudor, Omega, Breitling, you name it! I'd say the entire vintage market is hot, ice cold? We'd still be able to pick up a Tudor sub for £900 etc. |
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13 August 2017, 05:46 AM | #45 |
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You should sell it...you'd make enough money to immediately replace it.
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13 August 2017, 06:45 AM | #46 |
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Correct. Over time the S&P 500 is a better investment. However, there are a large number of companies on the SPY that have gone bankrupt in the past 20 years and took everyone's money with them. Let's not forget the stock market crashes of 2002, 2009 and 2011. Investing is a balance of cash, bonds, stock, real estate, etc. A Rolex can be considered a part of your assets. So look at a Rolex as an asset that you can wear that will keep up with inflation. It is a luxury, not part of your portfolio. Don't take a loan out to buy a Rolex. Make your money and use a small part of it, buy a Rolex and wear it as an example of your success!
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13 August 2017, 07:40 AM | #47 | |
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Lovely watches but not rare at all. Look at how many are for sale...... |
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11 June 2019, 11:07 AM | #48 | |
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