Explorer I short minute hand (214270) will ever get resale value increase?

[the_natural]

Originally Posted by F1polesitter

Anything's possible, but I wouldn't bet on it. There's better upside in trying to guess where oil will be next year, and you won't need to wait 10 years for a payoff! Don't decide on a watch based on resale value, buy it because you like it.

I just purchased the short hands Explorer a week ago. Decided on it after seeing the 2016 version with it side by side (you can find my comparison post on the forum). Found that I liked the WG more than the full lume. In person, the short hands did not bother me, and neither did the "beefy" hands on the 2016 model. Both are gorgeous in their own way.

Personally, i found the whole short hands issue way overblown. If it was any other brand, this wouldn't even be much of a discussion point. It's simply not a necessity for the minute hand of a watch to touch the index ring. Sure, the hands could be slightly longer, but we're literally talking about 1.5mm difference. I had a Tissot Heritage Visodate that had much shorter hands. Look up a pic to see for yourself. There was maybe 2 posts I came across where someone mentioned it, and that was that. God forbid if that was a Rolex model, everyone and their dog would jump on Rolex saying how the company screwed up.

Gotta say, even with all the fuss made about the shortcomings of the Mk1 Explorer, I'm very much enjoying mine.

This is my favorite post on the topic by far. Thanks for an articulate and intelligent summation on this semi-nonsensical matter, F1polesitter.

[Watchgeek5000]

I'm starting to think the people who are most concerned with the future value of the purchase, shouldn't buy a Rolex. You should buy the watch because you really love it, its too expensive to buy for any other reason. Buying it and worrying about future value pretty much means your going into it with the intentions of not keeping it. I understand everyone wants to make a smart purchase, and it's nice when what you ownes goes up in value, but when this is your first and only concern, I wouldn't suggest buying a Rolex. Open a 401.

[Jake B]

Originally Posted by JES77

I'm fairly confident that you missed the point of my post. My point was the "perfect" is subjective. For those who found flaws in the old and think the new one is perfect. Great but that's an opinion. For all the people who find the old hands short or the new watch an improvement there are others who liked the look of the old one better. It seems people gets some kind of perverse enjoyment out of calling the older model a mistake. Or proclaiming the new one is rolex admitting it was a mistake. My opinion is the new hands don't look right either at least not any better than the old ones. In fact the "mistake" in the old one didn't bother me where as these new ones might look like the proper length IMO they don't look the proper width which is more of an issue than being too short. I also disagreed with the lume on the 3,6,9 a point you completely overlooked in your unnecessary response but the biggest issue I have with the new watch. I'm sorry if fans of the new version feel it's okay to put down the old version but can't handle someone not liking the new one. I'm sure you'll get over it.

Wow... I bet you're a lot of fun at parties.

[Wesley Crusher]

Originally Posted by padi56

Very very very doubtful only Explorer to be a bit collectible is the 1016 vintage ones.

The 1016 isn't the only collectable Explorer.

[the0thrdude]

uh...why is there so much hostility over what was supposed to be a civilized discussion. No need for any defending or offending here. You can always present an opinion without making it personal. It's just about watches.

As to the original question, Collectability and price only goes up when the said product gets increasingly harder to obtain. Y'know: supply and demand. Thats going to take a while.

[PatrickJ]

[QUOTE=Old Expat Beast;7045488]

Originally Posted by PatrickJ

Ok

No, he wasn't suggesting it's worthless or with poor resale...just asking if the value will go up even higher than if it had not been discontinued.

Thank you. I hope your correct. I am not after making a profit, just the ability in the future to get back the majority of what I paid for the watch. This is if in the future I want to sell it to change my Rolex.

[Jack T]

No one's Rolex will appreciate in resale value until Rolex starts increasing the retail prices of new watches.

[subtona]

I expect no

[PatrickJ]

I need to sell the Explorer 1 now.

I do love the watch and the white gold hands. The short minute hand does in fairness bother me a bit. However, I could of lived with that. What I cant live with is the universal rejection of the MK1, by to be fair the mass majority of the forum members here. The whole point of owning a Rolex is that the watch is a good watch, respected and desirable. I don't want to live with a rejected item.

I considered a no date sub but am concerned that Rolex may one day take the size up to 42mm. So the only option may be the 42mm Explorer 2. I cant go for the 2016 Explorer 1 as I do not like the lumed 3,6,9 and preferred the white gold 3, 6,9. The whole attraction to me about the Explorer 1 was the understated smaller and thinner case. But at 39mm it was big enough. The white gold markers suited my taste as the watch was a fusion of dress and sports. Just a shame Rolex got it wrong regarding the hands.

In the end you have to follow fashion and what other people like, that is what makes the watch desirable. Rolex are great quality, but it is not the quality that makes them expensive. It is peoples perception of the brand.

I am not desperate to sell quickly as I need to be patient to minimise my losses. I can take my time. What method do members think would be best? Is there any point selling on the Rolex Forum as the watch is rejected and not liked by the majority of members? Ebay? No point selling it to a dealer I will loose out to much.

If you cant join the majority you have no choice to admit defeat and join the majority.

[Splash]

Originally Posted by PatrickJ

... The whole point of owning a Rolex is that the watch is a good watch, respected and desirable...

...In the end you have to follow fashion and what other people like, that is what makes the watch desirable.

Not so much IMO. You can choose to "follow fashion" if you like. I suppose different people buy for different reasons....

I say you can't please everyone, so you might as well please yourself! Blaze your own path. Make your own statement. Buy what speaks to you. I couldn't care less what someone else thinks of my watch. I'm not wearing it to impress them.

[AF_Rob]

I have heard that the "short hand" models are being corrected with current hands on servicing; is that correct?

In regards to the bloated look, I get it. The case is widened with the lugs remaining the same. I can see how people would get that impression. Without a rotating bezel to take up some of the girth of the piece, it looks a bit bloated. I'll stick with my 36mm for now. I do LOVE the dial and lume on he new piece though.

[PatrickJ]

Originally Posted by AF_Rob

I have heard that the "short hand" models are being corrected with current hands on servicing; is that correct?

In regards to the bloated look, I get it. The case is widened with the lugs remaining the same. I can see how people would get that impression. Without a rotating bezel to take up some of the girth of the piece, it looks a bit bloated. I'll stick with my 36mm for now. I do LOVE the dial and lume on he new piece though.

Rolex will not replace the hands at service or otherwise. I already asked the RSC in Kent, UK.

[zack777es]

Originally Posted by Watchgeek5000

I'm starting to think the people who are most concerned with the future value of the purchase, shouldn't buy a Rolex. You should buy the watch because you really love it, its too expensive to buy for any other reason. Buying it and worrying about future value pretty much means your going into it with the intentions of not keeping it. I understand everyone wants to make a smart purchase, and it's nice when what you ownes goes up in value, but when this is your first and only concern, I wouldn't suggest buying a Rolex. Open a 401.

good points.

Buy what you like and enjoy wearing it.

If you want to flip/upgrade, expect to loose some money and that lost should be the cost for the time you had to enjoy wearing it.

[PatrickJ]

Originally Posted by zack777es

good points.

Buy what you like and enjoy wearing it.

If you want to flip/upgrade, expect to loose some money and that lost should be the cost for the time you had to enjoy wearing it.

To loose a reasonable amount is expected. But to loose a huge amount is not good.

[PatrickJ]

Originally Posted by JP Chestnut

If sellers think they can make up some new "special" craze - like stick 2 service dials - then it will increase until everyone catches on. I expect prices will normalize from the current low low low price right now.

Another collect able exp 1 had strange numerals - the blackout model from the 1990s. Shorter production run though.

Hi JP. What did you mean prices will normalize from the current low low low price now. Do you mean they will recover slightly and go up a bit? They will still be less than the 2016 I am sure.

I purchased my Explorer 1 at 1 year 9 months and got £550 off retail. As the watch was registered/manufactured after June 2013 I still have 1 year 1 month warranty left. I am expecting to be in a loss now but since I purchased pre owned box and paper I as expecting to lose value but I hope not to much.

[F1polesitter]

Originally Posted by the_natural

This is my favorite post on the topic by far. Thanks for an articulate and intelligent summation on this semi-nonsensical matter, F1polesitter.

[F1polesitter]

Originally Posted by PatrickJ

I need to sell the Explorer 1 now.

I do love the watch and the white gold hands. The short minute hand does in fairness bother me a bit. However, I could of lived with that. What I cant live with is the universal rejection of the MK1, by to be fair the mass majority of the forum members here. The whole point of owning a Rolex is that the watch is a good watch, respected and desirable. I don't want to live with a rejected item.

I considered a no date sub but am concerned that Rolex may one day take the size up to 42mm. So the only option may be the 42mm Explorer 2. I cant go for the 2016 Explorer 1 as I do not like the lumed 3,6,9 and preferred the white gold 3, 6,9. The whole attraction to me about the Explorer 1 was the understated smaller and thinner case. But at 39mm it was big enough. The white gold markers suited my taste as the watch was a fusion of dress and sports. Just a shame Rolex got it wrong regarding the hands.

In the end you have to follow fashion and what other people like, that is what makes the watch desirable. Rolex are great quality, but it is not the quality that makes them expensive. It is peoples perception of the brand.

I am not desperate to sell quickly as I need to be patient to minimise my losses. I can take my time. What method do members think would be best? Is there any point selling on the Rolex Forum as the watch is rejected and not liked by the majority of members? Ebay? No point selling it to a dealer I will loose out to much.

If you cant join the majority you have no choice to admit defeat and join the majority.

Sounds like you'll be lining up for a Daytona C then, those get a lot of love here on the forum. Bonus, they can be flipped above MSRP.

[PatrickJ]

I still love this watch. In particular the gold 3,6,9.

Today I looked through 20 pages of the sales pages on the Rolex Forum. On the 5th of August a Explorer 1, 39mm short hand SOLD for £4,025. On the 3rd of October a 39mm no box and papers short hand SOLD for £3,261. Currently, for sale on the Rolex forum regarding the Explorer 1, 39mm, short hands the price ranges for between £3,261 no box papers to mint box and papers from £3,628 to £4,871.

So I would of probably make some losses on the MK1 I hope they would no of been too excessive. If the losses are excessive then it would piss me off. Thank god I purchased pre owned from a good dealer with box and papers. I paid £3,800 for mine. (£500 off retail in the UK) If we take worst case my watch would sell for £3,300 so a loss of £500. It could of been worse.

However, the hands I admit were a mistake on Rolex part. It bothers me a bit but not enough to sell on reflection. I will keep an eye on the sales pages.

[nobbylon]

Seriously now, can you not just wear the watch and enjoy it. You've hardly had it 5 mins and seem to be expecting a return on your investment. If you do decide to wear it then it's worth even less! Life is really too short to be worrying about it. As someone else suggested, if all you want to do is make money out of your purchase then trying to second guess a Rolex market is probably not a good choice. I'd personally enjoy the watch for another 10 years if as you say you still like it and see what prices are like then. You can always buy a long hand version in the future.
I've always been someone that buys what I really like to have and not about what it's worth or could be worth. With this approach I get far more enjoyment and a lot less stress and given enough years passing a few surprises on perceived value. Remember that you only make money if you actually want to sell.

[PatrickJ]

Originally Posted by nobbylon

Seriously now, can you not just wear the watch and enjoy it. You've hardly had it 5 mins and seem to be expecting a return on your investment. If you do decide to wear it then it's worth even less! Life is really too short to be worrying about it. As someone else suggested, if all you want to do is make money out of your purchase then trying to second guess a Rolex market is probably not a good choice. I'd personally enjoy the watch for another 10 years if as you say you still like it and see what prices are like then. You can always buy a long hand version in the future.
I've always been someone that buys what I really like to have and not about what it's worth or could be worth. With this approach I get far more enjoyment and a lot less stress and given enough years passing a few surprises on perceived value. Remember that you only make money if you actually want to sell.

I have been wearing it and enjoying it since I purchased it. When I purchased it I did not even notice the shorter hands. The forum and reviews online highlighted the issue of the short hands. It has even been to the Rolex Service Centre and been looked at and time regulated. Rolex confirm condition is A1 inside and out. All boxed papers and everything. I do want to keep it long term. I was not looking to make money on it. I am expecting short term to loose a bit but since I got it pre owned the depreciation should be less. I just don't want it to loose near to all its value on a mistake from the manufacturer that is all. You don't spend this much only to loose 60% plus of the value overnight. If I wanted that I would of gone and purchased a luxury watch from one of Rolex's competitors.

[F1polesitter]

Originally Posted by PatrickJ

I have been wearing it and enjoying it since I purchased it. When I purchased it I did not even notice the shorter hands. The forum and reviews online highlighted the issue of the short hands. It has even been to the Rolex Service Centre and been looked at and time regulated. Rolex confirm condition is A1 inside and out. All boxed papers and everything. I do want to keep it long term. I was not looking to make money on it. I am expecting short term to loose a bit but since I got it pre owned the depreciation should be less. I just don't want it to loose near to all its value on a mistake from the manufacturer that is all. You don't spend this much only to loose 60% plus of the value overnight. If I wanted that I would of gone and purchased a luxury watch from one of Rolex's competitors.

I didn't think you were serious about selling the MkI, but judging from your other thread about the Sub upsizing to 42mm, seems like you are. The Explorer I is not that popular a model to begin with, certainly not compared to a Sub or Daytona. If other's perception of the watch is so important to you, why didn't you buy one of those more popular models to begin with?

What if you end up flipping it, only for it to appreciate in value 10 years down the road more so than the 2016 model? Would you kick yourself then? The short hands had a production run for about 6 years, which in Rolex timeframe, is relatively short. The 2016 Explorer on the other hand, who knows how many years. Now that they "corrected the flaws", and proves to be a good seller, it'll run for much longer than 6 years. In time, they will exceed the short-hands version in numbers. And who knows what the quirks of the collecting community are in a decade? Really, who cares?

A Rolex is a Rolex is a Rolex, which means that it won't lose all its value, or even a significant chunk of it. Enjoy the watch that sings to you, and tune off all the other noise.

[PatrickJ]

Originally Posted by F1polesitter

I didn't think you were serious about selling the MkI, but judging from your other thread about the Sub upsizing to 42mm, seems like you are. The Explorer I is not that popular a model to begin with, certainly not compared to a Sub or Daytona. If other's perception of the watch is so important to you, why didn't you buy one of those more popular models to begin with?

What if you end up flipping it, only for it to appreciate in value 10 years down the road more so than the 2016 model? Would you kick yourself then? The short hands had a production run for about 6 years, which in Rolex timeframe, is relatively short. The 2016 Explorer on the other hand, who knows how many years. Now that they "corrected the flaws", and proves to be a good seller, it'll run for much longer than 6 years. In time, they will exceed the short-hands version in numbers. And who knows what the quirks of the collecting community are in a decade? Really, who cares?

A Rolex is a Rolex is a Rolex, which means that it won't lose all its value, or even a significant chunk of it. Enjoy the watch that sings to you, and tune off all the other noise.

You have confirmed what I slowly started to realise. I purchased the watch because I like it. The Explorer 1 in what ever shape or form is an acquired taste and has never been as popular as a Submariner or Daytona. Your right, I need to tune out the noise. A bit like an Icom ham radio uses IF stage Digital Signal Processing to tune out the noise from neighboring stronger radio stations. But seriously thank you for your post. I do like this Explorer 1, I would not of purchased it otherwise.

[Wingman244]

Originally Posted by Cru Jones

Short answer: no.

Seriously guys, this was the first and best answer to this thread. Made me laugh out loud. Then the thread kind of went downhill from there.

My 2 cents. We should really start pushing the nickname "T-Rex Explorer" for this model - because you know - it has short hands. If that is successful that will really help the resale increase. Nothing like a cute nick-name to gin up the price.

[TK-710]

Originally Posted by Jake B

Wow... I bet you're a lot of fun at parties.

Usually. Until guys like you show up.

[PatrickJ]

Thank you for the input guys.

[JJK]

rolex will give you long hands when they service the watch if you want. It's the same ref and it's been done already. I don't remember the post but someone got one back from service with new long hands.

[Jake B]

Originally Posted by JES77

Usually. Until guys like you show up.

Oh, really..."guys like me" eh? Care to explain just exactly what makes someone a guy "like me" ?

[Jake B]

Out of curiosity, I asked one of my favourite 2nd hand Rolex dealers if they know anything about this, since they send all of the watches they buy from clients in to Rolex for at least some degree of service. She's just sent a short handed Explorer in for service a couple of days ago, so she was going to call in (hopefully today) and see if they'll install the new hands.

[TK-710]

Originally Posted by Jake B

Oh, really..."guys like me" eh? Care to explain just exactly what makes someone a guy "like me" ?

A big mouth.

[DG123]

Rolex Explorer reference 1016 years 1962-1989 27 years including running changes
14270 years 1989-2001 12 years
114270 2001-2009 8 years
214270 2009- 7 years and still current

The Explorer is an iconic Rolex model which for five plus decades now has undergone consistent changes including bracelet, crystal, clasp, dial design, hands,movement, case size etc...
It's a great watch ! Any one of its incarnations should be a joyful pleasure to own and wear.