TT - Why are they unwanted on the secondary market?

[Scott95]

Originally Posted by chicfarmer1

I don't think that's the claim. It's about the degree or percentage of depreciation that each has in the secondary market. The precious metals depreciate relatively more.

I can see that might be the point and in my view it breaks down like this...

The TT price point is substantially higher than the SS entry level price point. It's actually much higher than the gold content alone would justify. Why? Because they can get it that's why! (Proof there is demand when new)

That said, why does a TT lose more of it's original value to depreciation than SS? I think it's PARTLY because people willing to spend that much extra money on a watch have a lot of disposable income and prefer to buy new. I don't think there are as many people in the market for a used watch at the higher prices (because they tend to have the discretionary income to go whole hog for new) which means lower demand which pushes the price down more.

Same reason a luxury car tends to depreciate more (as a % of initial price) than an economy car. At the high price points, people want new. People who shop used are generally looking for a bargain! (IMO)

[rr-nyc]

Originally Posted by Scott95

Can anyone provide any proof that a SS watch will fetch more than TT? With gold at $1600/oz and SS at ~$10/lb. I'm pretty skeptical.

Look at prices of SS Daytona vs TT Daytona

[Dr.]

someone wants to buy a used rolex can't afored a new one.

[HDHNTER]

Originally Posted by Dr.

someone wants to buy a used rolex can't afored a new one.

[outtatime]

Originally Posted by Dr.

someone wants to buy a used rolex can't afored a new one.

Finally, we have our answer, folks!

[jacobl@]

Originally Posted by Dr.

someone wants to buy a used rolex can't afored a new one.

Oh shnap! I always thought the answer was 42...

[chicfarmer1]

Originally Posted by jacobl@

Oh shnap! I always thought the answer was 42...

You were correct, no worries.

[Andelain]

Originally Posted by Dr.

someone wants to buy a used rolex can't afored a new one.

It may not have occured to you that some of us prefer older models. Or has Rolex started making this one again?

[Scott95]

Originally Posted by rr-nyc

Look at prices of SS Daytona vs TT Daytona

and it looks like TT sells for more than the same vintage SS model.

[rr-nyc]

Originally Posted by Scott95

and it looks like TT sells for more than the same vintage SS model.

I'm not sure where you're looking but I only found one example to support your claim. Here are some from a couple different sites:

[DJJon]

Just a thought - maybe those of us who buy on the secondary market do so because we value a solid used watch for a fair price - the opposite of a buyer who walks out of an AD with a new TT but $10K+ lighter in the wallet. Therefore maybe TT's are more for original buyers and value-conscious guys who lean towards the secondary market favor SS.

[Paladin]

Originally Posted by Dr.

someone wants to buy a used rolex can't afored a new one.

You don't say Dr.? I hope you are not a medical doctor Now at least we all know what you want to wear a Rolex.


By the way, your little "gem" of a statement should correctly look like this;

"Someone who wants to buy a used Rolex cant afford a new one"

[flyinbrian]

TT are so unwanted I just received one in the mail today, wish I would of read this thread before

[4therightcause]

I love TT models and I am 31 got my first TT blue face sub at 22 so whoever made the "only people over 60 wear them comment" is mis-informed.

[Paladin]

I think two tone is an excellent effort by Rolex to "dress up" the sport watch, particularly for the person who has just one watch that is worn at all times. I think this was the case years ago, particularly in the 60's, 70's, when a gentleman had one nice watch for all occasions versus today's more flexible multiple watch approach, especially with us WIS's here on TRF.

I love my two tone Rolex watches that combine the more formal TT look with the rugged durability of the SS oyster sport case.

I am happy to give any unwanted or unappreciated two tone Rolex watches a safe, loving And nurturing home.

[sprtrlx]

back before gold skyrocketed you could buy a tutone daytona on the secondary market cheaper than stainless.also gold watches werent much more than an overinflated stainless watch.im fortunate enough to own several rolexes and one of my favorites is a tutone daytona slate face.i get more compliments on this watch then my ss daytona.as far as a solid gold white or yellow,mho is they are great.i think you will see the younger crowd comming back to gold in the near future.

[rollerball]

I find some TT Rolex sports model are just nicer than the SS version. For example, TT GMTII, TT Daytona. These models, unlike the sub, exp ll, Milgauss are not really tool watches. They more of functional dress watches. For example, the GMT more suitable for travelling businessman or a pilot, hence a little gold adds a little prestige to the watch yet at the same time comes with a stronger SS case (than Gold case). I don't think all TT Rolexes are unwanted, just some of them can be quite sought after. Price difference is usually dependent on the condition of the watch.

Anyway, I got the TT version of the GMTIIC eventually. What's make me decide to is when I saw a someone wearing a PANIS no logo GMT. It looks excatly the same as the real thing!! Except it does not comes with the Rolex Logo.

[tkerrmd]

[QUOTE=KingJames;2510580]I am 22 years old and love the look of the TT sport models...GMTIIc, Subs...

It kinda makes ppl do a double take...i like the grandpa look..I make all the kids in ed hardy and other trendy B$ look like fools..

In summary i like classic/timeless looking watches, clothes, etc....nothing to do with age..its what you like[/QUOTe

Smart kid!

[acarriles]

Originally Posted by Puffy

they usually have stretched bracelet and the gold tends to have nicks and dings - and who would want that?

That may be the case with the hollow center links, but with the new solid center links I don't think that would be a problem...

[Andelain]

Originally Posted by flyinbrian

TT are so unwanted I just received one in the mail today, wish I would of read this thread before

For shame, for shame....

I'm waiting on yet another TT, this time a GMT II. When will I ever learn?

[otree-1]

Is it not an individuals tastes that counts? Some people like TT and some people like SS. IMHO, it is what works for that individual. A TT watch is not purchased for what you can resell it for, it is purchased because that is what you like and desire. I have been reading these threads and just want to voice my opinion. We all lose when we buy a watch and flip it unless you get exactly what you paid or more. So who is the smartest, a guy who buys a watch and keeps it for a lifetime wether it's TT/SS or a guy who buys watches just for the resale value and what he can try to get out of it if he gets tired of it. Seems to me the latter is not decisive and does not really know what he wants. Why not have the best of both worlds. Save for the one that you don't have and make them both part of your treasure.

[acarriles]

Surprisingly, after owning only SS Rolex's in the past, I just found last week what I consider the most beautiful Rolex I've ever seen, and to my surprise, after thinking I would never own a TT Rolex, I couldn't resist and ordered one!

[otree-1]

That is nice!

[Scott95]

Originally Posted by rr-nyc

I'm not sure where you're looking but I only found one example to support your claim. Here are some from a couple different sites:

I think one would need to compare the relative age of those watches to be sure that's apples to apples....TT for a given S/N sells for more than SS. TT loses more (as a %) in depreciation though. To say SS sells for a higher transaction price is simply not true. As for websites to check - try this one!

[robertgrom]

White gold, silver, plat - all boring. Yellow gold is king.

[snaggle]

Originally Posted by Scott95

I can see that might be the point and in my view it breaks down like this...

The TT price point is substantially higher than the SS entry level price point. It's actually much higher than the gold content alone would justify. Why? Because they can get it that's why! (Proof there is demand when new)

That said, why does a TT lose more of it's original value to depreciation than SS? I think it's PARTLY because people willing to spend that much extra money on a watch have a lot of disposable income and prefer to buy new. I don't think there are as many people in the market for a used watch at the higher prices (because they tend to have the discretionary income to go whole hog for new) which means lower demand which pushes the price down more.

Same reason a luxury car tends to depreciate more (as a % of initial price) than an economy car. At the high price points, people want new. People who shop used are generally looking for a bargain! (IMO)

x2 on that, and in addition to that, one must also consider that even when looking brand new, SS has a much higher demand than TT obviously. So when the TT's go into the second hand market, the demand for that drops even more.

[rr-nyc]

Originally Posted by Scott95

I think one would need to compare the relative age of those watches to be sure that's apples to apples....TT for a given S/N sells for more than SS. TT loses more (as a %) in depreciation though. To say SS sells for a higher transaction price is simply not true. As for websites to check - try this one!

If you want to take the time to do the research for a series to series comparison of prices, be my guest. The example I showed had similar aged watches and those prices are quite standard .

As long as you're happy with your two tone, that's all that matters. The used market is driven by supply and demand. And at the moment, TT daytonas aren't drawing the kind of money that owners would like to see.

[Oyster1982]

If they are that unpopular please send me any unwanted TT Rolexes. I will take care of them.

[rr-nyc]

Originally Posted by Oyster1982

If they are that unpopular please send me any unwanted TT Rolexes. I will take care of them.

You're confusing unwanted and worthless. There is still value so why would someone give you a TT? If someone really doesn't want in, they could sell the movement and melt the gold before giving it to you

[00Seven]

Originally Posted by Dr.

someone wants to buy a used rolex can't afored a new one.

"afored"?

Really?