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Vincent65 · 11 September 2013, 11:54 PM

I don't think I could lament/regret a 500 dollar depreciation of something which cost a grand 24 years ago! That's about 20 bucks a year. Whoop.

andromeda160 · 12 September 2013, 12:19 AM

Quote:

Originally Posted by Vincent65

I don't think I could lament/regret a 500 dollar depreciation of something which cost a grand 24 years ago! That's about 20 bucks a year. Whoop.

I can't believe the msrp for that tag heuer 1000 is only 200 less than the tag heuer 2000 msrp. Maybe I'll be lucky enough to get 300-350 for mine

GradyPhilpott · 12 September 2013, 02:28 AM

I don't give a hoot about depreciation.

kilyung · 12 September 2013, 03:04 AM

As a gigolo, I commanded thousands for my company in the 80s. Now... I'd go on a date for a beer.

gmh1013 · 12 September 2013, 03:06 AM

My wife....I took a huge hit

Lisa · 12 September 2013, 03:14 AM

Lady DJ (26mm). Horrible resale. Just horrible.

zeuloa · 12 September 2013, 03:24 AM

Quote:

Originally Posted by humvee

I think some people paid $10K-$12K for their DEEPSEAs when they first hit the market.

They were around $8k when they came out, and if I remember correctly were readily available. I remember seeing them in just about every AD I walked in 2008.

wantonebad · 12 September 2013, 03:37 AM

1986 I spent $3,200 for an i386 IBM Compatible with all the bells and whistles, know what it was worth in 1990?

mannyv11 · 12 September 2013, 03:40 AM

Every bottle of booze I buy seems to be worth 0 dollars after I finish =)

wantonebad · 12 September 2013, 03:41 AM

Quote:

Originally Posted by mannyv11

Every bottle of booze I buy seems to be worth 0 dollars after I finish =)

You never buy booze/beer Manny, you recycle it...

mannyv11 · 12 September 2013, 03:43 AM

hahahah I like that!

gmh1013 · 12 September 2013, 04:33 AM

Quote:

Originally Posted by wantonebad

1986 I spent $3,200 for an i386 IBM Compatible with all the bells and whistles, know what it was worth in 1990?

Computers must have the worst resale .....it has the same value as the Gateway I bought in 93 and paid 3k for.....paid somebody to haul them all off

wantonebad · 12 September 2013, 04:34 AM

Quote:

Originally Posted by gmh1013

Computers must have the worst resale .....it has the same value as the Gateway I bought in 93 and paid 3k for.....paid somebody to haul them all off

Pretty much all electronics with a few exceptions but especially computers!

airchitect · 12 September 2013, 08:04 AM

Depreciation only effects you if you sell. Like the car I just traded, a bit, but i need a van. And you don't buy minivans used as theres no doubt the family before you trashed it.

Runnin' Rebel · 12 September 2013, 11:15 AM

Quote:

Originally Posted by Lisa

Lady DJ (26mm). Horrible resale. Just horrible.

Yup, this is the truth

CDNWatchNut · 12 September 2013, 11:34 AM

Depreciation of a car or whatever is worth it....if you really get the same or more value in personal satisfaction from having owned and used the object.
On the topic of cars, all I care about is having a dependable car that's practical. So i buy used and drive them to the end of their practical life. The last one I had for 15 years and it was 17 years old when I let it go, my current car I've had for nearly 6 years and its 9 years old. I do have a weakness for motorcycles though...

Cesium133 · 12 September 2013, 11:43 AM

Glad the Tag went to a good home and you were able to retain 35% of your investment. Not bad after almost 3 decades.

c.rod · 12 September 2013, 11:48 AM

Quote:

Originally Posted by gqllc

Let's see...I bought a house near my kids in Florida while the market was crashing...Ex wife moves away...Market wasn't fully crashed....now I own a house in Florida that is upside down 100K. I rent it for 1/2-2/3rds of the mortgage payment...everybody else walks away (including my ex on her 4500 sq ft home) and the bank tells me ..."good luck we are coming after you since you can pay the mortgage"...

pull your money out of banks, go bankrupt. they cant touch 401's... :)

Aggiez28 · 30 October 2013, 05:19 AM

Quote:

Originally Posted by Tudor66

I am curious who has the highest depreciation story/nightmare...

I'll start, 24 years ago I purchased a TagHeuer professional 1000 stainless steel watch, I paid $1,000 dollars, today it's worth $500 dollars- on a good day...

Had I purchased a $2,000 rolex submariner- it would have a $5,000 value today--- ouch.

You posted the opposite of a sob story.......

GradyPhilpott · 30 October 2013, 06:21 AM

I don't give a hoot about depreciation.

Quote:

Originally Posted by Aggiez28

You posted the opposite of a sob story.......

I think is lamenting the fact that the watch he bought is worth half what he paid, while the watch he didn't buy is worth about two and a half times what it cost retail.

FrankNYC · 30 October 2013, 09:27 PM

I've never viewed my watch as investments, though I'm glad they have retained their value. That said, the biggest depreciation I experienced was on my house I bought at the height of the market (2006).

zama · 31 October 2013, 06:09 AM

You guys need to come to Australia where our car prices are at a premium due to lack of competition, right hand drive and mega taxes for luxury cars. Looking at our local car sales site, you can snap up a 2008 Ferrari 612 Scaglietti for $230K, with less than 6000 miles on the clock, that car new in this country, hold your seats was about $750K, in short over $100K depreciation per year for what is still essentially a brand new car barely run in. Do the maths, that is $2,000 a week, or $300 a day and that is before you service it, insure it or put gas in it. OUCH!!!!!!!!!

james1787 · 31 October 2013, 06:52 AM

Cars and computers - huge depreciation on either.

Watches on the other hand - I can sell my sub for twice what I paid for it years ago...

bayerische · 31 October 2013, 07:21 PM

Not too often I buy something very expensive brand new.

I always buy second hand cars, as I'm fine with someone else taking the huge hit.

For example the M5, 175K euro new. 6 years later 54K. Now I wouldn't have wanted that 126.ooo euro hit!

My Bang & Olufsen stuff:
Beovision 9 TV new price 23.000 Euro, yes that's 23K for a 50" plasma.

I payed 3 years later 5K.
Beolab 5 speakers, 18K new, 2 years old 8K. I've had them for 5 years and I'd probably get around 10K for them now.

Same with watches. I've bought a few new, but most have been pre-owned.

bayerische · 31 October 2013, 07:26 PM

Quote:

Originally Posted by zama

You guys need to come to Australia where our car prices are at a premium due to lack of competition, right hand drive and mega taxes for luxury cars. Looking at our local car sales site, you can snap up a 2008 Ferrari 612 Scaglietti for $230K, with less than 6000 miles on the clock, that car new in this country, hold your seats was about $750K, in short over $100K depreciation per year for what is still essentially a brand new car barely run in. Do the maths, that is $2,000 a week, or $300 a day and that is before you service it, insure it or put gas in it. OUCH!!!!!!!!!

Crazy!

Same here with the Ferraris...

A Ferrari FF is about 650K euro new. I don't want to know what it's worth after 5 years...

taughtmepatience · 1 November 2013, 03:06 AM

Anything AMG, M, or RS is going to depreciate like crazy AND kill you with maintenence costs!

bayerische · 1 November 2013, 07:52 AM

Quote:

Originally Posted by taughtmepatience

Anything AMG, M, or RS is going to depreciate like crazy AND kill you with maintenence costs!

You don't say.

FiftyTwoEighty · 8 November 2013, 09:01 AM

Quote:

Originally Posted by bayerische

You don't say.

///M, The ///Most expensive letter in the Alphabet!

(Can't wait to hear your sound clips Andreas!)

12 September 2013, 02:28 AM	#63
GradyPhilpott 2024 SubLV41 Pledge Member Join Date: Sep 2008 Location: New Mexico Watch: Seiko #SRK047 Posts: 34,460	I don't give a hoot about depreciation. __________________ JJ Inaugural TRF $50 Watch Challenge Winner

12 September 2013, 03:37 AM	#68
wantonebad 2024 SubLV41 Pledge Member Join Date: Nov 2007 Location: USA Watch: 126600, 116500LN Posts: 12,849	1986 I spent $3,200 for an i386 IBM Compatible with all the bells and whistles, know what it was worth in 1990? __________________ "I'm kind of a big deal... on a fairly irrelevant social media site that falsely inflates my fragile ego"

31 October 2013, 06:09 AM	#82
zama "TRF" Member Join Date: Feb 2012 Real Name: Craig Location: Sydney Watch: 4 Broken glass Posts: 5,808	You guys need to come to Australia where our car prices are at a premium due to lack of competition, right hand drive and mega taxes for luxury cars. Looking at our local car sales site, you can snap up a 2008 Ferrari 612 Scaglietti for $230K, with less than 6000 miles on the clock, that car new in this country, hold your seats was about $750K, in short over $100K depreciation per year for what is still essentially a brand new car barely run in. Do the maths, that is $2,000 a week, or $300 a day and that is before you service it, insure it or put gas in it. OUCH!!!!!!!!! __________________ Day Date 118206, Daytona 116509 & 116505, AP 25859ST Gone but not forgotten and genuinely missed..... Root Beer GMT, Sub, TT Daytona, YG DD Bark, Datejust(2 his & hers), AP RO, PP Aquanaut, Lange 1, Heuer Monza, Piaget Altiplano, GP Chrono, Seamaster, Tudor Sub, Tudor Chrono, Tudor Black Bay Bronze

31 October 2013, 07:21 PM	#84
bayerische "TRF" Member Join Date: Nov 2009 Real Name: Andreas Location: Margaritaville Watch: Smurf Posts: 19,879	Not too often I buy something very expensive brand new. I always buy second hand cars, as I'm fine with someone else taking the huge hit. For example the M5, 175K euro new. 6 years later 54K. Now I wouldn't have wanted that 126.ooo euro hit! My Bang & Olufsen stuff: Beovision 9 TV new price 23.000 Euro, yes that's 23K for a 50" plasma. I payed 3 years later 5K. Beolab 5 speakers, 18K new, 2 years old 8K. I've had them for 5 years and I'd probably get around 10K for them now. Same with watches. I've bought a few new, but most have been pre-owned. __________________ Yeah, well, you know, that's just, like, your opinion, man.

1 November 2013, 03:06 AM	#86
taughtmepatience "TRF" Member Join Date: Jul 2009 Location: CA Posts: 130	Anything AMG, M, or RS is going to depreciate like crazy AND kill you with maintenence costs! __________________ taught. 14060M COSC Officina Del Tempo

11 September 2013, 11:54 PM	#61
Vincent65 "TRF" Member Join Date: Aug 2012 Location: Switzerland Posts: 14,298	I don't think I could lament/regret a 500 dollar depreciation of something which cost a grand 24 years ago! That's about 20 bucks a year. Whoop.

12 September 2013, 03:04 AM	#64
kilyung 2024 SubLV41 Pledge Member Join Date: Jul 2009 Location: Cave Watch: Sundial Posts: 33,940	As a gigolo, I commanded thousands for my company in the 80s. Now... I'd go on a date for a beer.

12 September 2013, 03:06 AM	#65
gmh1013 Banned Join Date: Jun 2008 Real Name: greg Location: Tempe AZ Watch: GMT Posts: 5,703	My wife....I took a huge hit

12 September 2013, 03:14 AM	#66
Lisa "TRF" Member Join Date: Sep 2007 Location: oklahoma city Posts: 15,741	Lady DJ (26mm). Horrible resale. Just horrible.

12 September 2013, 03:40 AM	#69
mannyv11 "TRF" Member Join Date: Jun 2011 Real Name: Manny Location: MA Watch: DD,Sub,GMT,Daytona Posts: 4,510	Every bottle of booze I buy seems to be worth 0 dollars after I finish =)

12 September 2013, 03:43 AM	#71
mannyv11 "TRF" Member Join Date: Jun 2011 Real Name: Manny Location: MA Watch: DD,Sub,GMT,Daytona Posts: 4,510	hahahah I like that!

12 September 2013, 08:04 AM	#74
airchitect "TRF" Member Join Date: Mar 2012 Location: KY Watch: A few..... Posts: 3,796	Depreciation only effects you if you sell. Like the car I just traded, a bit, but i need a van. And you don't buy minivans used as theres no doubt the family before you trashed it.

12 September 2013, 11:34 AM	#76
CDNWatchNut "TRF" Member Join Date: Apr 2010 Real Name: Juan Location: Sherwood Park, Ab Watch: 114060 Posts: 1,509	Depreciation of a car or whatever is worth it....if you really get the same or more value in personal satisfaction from having owned and used the object. On the topic of cars, all I care about is having a dependable car that's practical. So i buy used and drive them to the end of their practical life. The last one I had for 15 years and it was 17 years old when I let it go, my current car I've had for nearly 6 years and its 9 years old. I do have a weakness for motorcycles though...

12 September 2013, 11:43 AM	#77
Cesium133 "TRF" Member Join Date: Sep 2012 Location: USA Posts: 2,037	Glad the Tag went to a good home and you were able to retain 35% of your investment. Not bad after almost 3 decades.

30 October 2013, 09:27 PM	#81
FrankNYC 2024 Pledge Member Join Date: Aug 2012 Location: New York Watch: SubC & Red;JLC RDM Posts: 1,039	I've never viewed my watch as investments, though I'm glad they have retained their value. That said, the biggest depreciation I experienced was on my house I bought at the height of the market (2006).

31 October 2013, 06:52 AM	#83
james1787 "TRF" Member Join Date: Aug 2012 Real Name: James Location: New Providence,NJ Watch: Submariner 14060 Posts: 2,371	Cars and computers - huge depreciation on either. Watches on the other hand - I can sell my sub for twice what I paid for it years ago...

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