Do you think the platinum Daytona is a good investment?

[Auragentum]

Bad investment full stop. Even if you managed to sell the watch at more or less same price a couple of years later it still wouldn't be a good 'investment'. Investments are meant to increase in price (inflation adjusted) or produce yields. If you are able to wear a watch without a loss that is a very attractive scenario for a product being put to use, but it is still no investment.

As others mention precious metal Rolexes tend to depreciate more than its SS counterparts - making it even less of an attractive scenario.

Originally Posted by capote

I guess its a better investment than my Volvo. Still the stock market is the way to go if you want your money to grow. You buy a watch because you want to wear it. Just because something is expensive doesn't make it an investment.

Cars as an investment Daniel? Don't even get me started Unless you happen to pick the right Vintage model, I think it is fair to say that your Volvo (or 99% of all cars) was never even in the vicinity of being an investment to begin with

But in comparison I would agree that Rolex watches in general uphold their value better than cars and if you happen to pick the right vintage/rare/future hyped model it might actually become an investment

[NYMike]

If it helps you close a deal by impressing a business associate, then it was a good investment. Otherwise no chance. You'll have a hell of a time reselling it.

[james1787]

I think there are better things to invest in. I did not buy my Rolex as an investment. I bought my Rolex to wear and enjoy. There are no plans to sell it. I could not see buying the platinum Daytona and just sticking it in a safe or bank for the rest of my time of owning it. Life is too short. Wear it and enjoy it.

[capote]

Originally Posted by Auragentum

Cars as an investment Daniel?

He told my I would easily get my money back selling it in ten years time

[Auragentum]

Originally Posted by capote

He told my I would easily get my money back selling it in ten years time

Maybe if you bought a mint condition P1800.

[jjnd08]

I doubt it, especially in only 5 years. But, no one really knows.

[descartes]

The Plat Daytona will initially depreciate and then will appreciate over a period of decades and will eventually be worth more than its original MSRP.

[masterserg]

Originally Posted by SteelerFan65

[SLS]

Good investment? No Great Watch? Yes
Buy a watch to wear & enjoy, never as an investment.

[ecsub44]

Originally Posted by StewartUK

better stick to classic cars then, I read it was the best performing asset class over the last 10 years in the UK!!!

Should have gotten in 10 years ago.

Past performance doesn't always predict future performance.

[HL65]

Originally Posted by masterserg

Thanks Serg!


*Disclaimer: This is not an investment. This is a watch and was purchased purely for years of joy.

[codecow]

Originally Posted by SteelerFan65

Thanks Serg!


*Disclaimer: This is not an investment. This is a watch and was purchased purely for years of joy.

You know when you post those excellent photos I have to say the investment is an investment in your personal enjoyment in a world class timepiece.

[HL65]

Originally Posted by codecow

You know when you post those excellent photos I have to say the investment is an investment in your personal enjoyment in a world class timepiece.

Thanks Louis and agree pure investment in joy!

[wesleyvs]

Depends on how you look at it... If you say "would i make money on it after 5 years?" then no. But if you say "is it still worth some good money after enjoyed it for years?" then i would say yes ! Most Rolex watches are sort of fixed value compared to for example a car.
And the Platinum Day-date are still worth good money even the older ones.

But offcourse dont buy it on retail, because the money you will lose then on the watch is much higher because you would have to lose atleast 30% ! Someone can already buy a new one with more then 25% off retail.

Just my 0.2c

Cheers !

[kmleffler]

Would not buy a watch as an investment, especially a newer model. Buy it if you are going to wear it and enjoy it.

[srvrf]

Will echo most of what's been said. Bad investment IMHO. Like buying a single $75,000 share minus any discount. Even kept in plastic, say in 25 years it is valued at $100,000. Now good luck finding a buyer.

Now I have to make up numbers for all of this here but say you took that same $75,000 and bought 1000 shares of a stock that paid a 3% dividend. Assume no increase/decrease in share price and no increase/decrease in dividend percentage. After 25 years, you've made $82,000 on the initial investment for a total of $157,000. And you can sell whenever you want.

So buy the watch if you like it, but I wouldn't buy it or any other watch to make money.

[FTX I]

When you buy a plat Daytona you are investing in your happiness. If you have the means to do that with no worries, it will never be waste of money.

[uncdentman]

No

[CrownMe]

if you want a good investment buy a fine example of a vintage piece and throw it in the safe

[MIKE_WATCH]

I would say no on this one. The platinum is just a way of taking money by taking advantage from the Daytona's "platinum brand".

[RolexDivers]

I will take that money and buy GOLD with it...GOLD and Real-Estate, you can buy with your eyes closed and come out ahead with just a little bit of patience...

[HL65]

Originally Posted by RolexDivers

I will take that money and buy GOLD with it...GOLD and Real-Estate, you can buy with your eyes closed and come out ahead with just a little bit of patience...

But you can't wear your real estate and bullion. Again modern watches not investments but are timepieces meant to enjoy. This thread is silly to me and anything contrary to wearing for enjoyment is crazy IMHO. I buy watches to enjoy and wear and investments serve a different purpose last time I checked!

[RolexDivers]

Originally Posted by SteelerFan65

But you can't wear your real estate and bullion. Again modern watches not investments but are timepieces meant to enjoy. This thread is silly to me and anything contrary to wearing for enjoyment is crazy IMHO. I buy watches to enjoy and wear and investments serve a different purpose last time I checked!

Very true indeed ... what you said, I say the same to my wife. I encourage her to buy gold. I look at gold coins and little gold tablets with the same excitement as I look at a plastic fork ....

If the OP is a watch person, then he should enjoy the watch period.. as you said. But if he is not a watch person and just looking for investment, then there are way better options than buying a watch.

In the WIS world, the meaning of investment is to buy preowned, in excellent condition at excellent price and worst case, you will break even...

[kilyung]

As an investment, you'd have better luck shootin at some food and up through the ground comes a bubblin crude. Texas T that is.

[brandrea]

Originally Posted by kilyung

As an investment, you'd have better luck shootin at some food and up through the ground comes a bubblin crude. Texas T that is.

[Wristmaster]

Yes. If u wear it proud and in good health. Enjoy every purchase to the max. Rolex is never about money when u already OWN it.

Sent from my SM-N900 using Tapatalk

[ezinhk]

No watch is good investment unless is PP with complication. Buy property...that is good investment

[HL65]

Originally Posted by ezinhk

No watch is good investment unless is PP with complication. Buy property...that is good investment

Strongly disagree as you should take a look at used market for many modern release complication and grande complication Pateks...Not very good!!! Many are selling for 20-30% below retail and some worse. Now retired ones like 5070, 5970 etc which were made in smaller quantities and for shorter duration a different story. Buy a watch right for deep discount and it surely can hold value close to purchase price. That doesn't make it a good investment though as one wants to make money on their money not sit tight or lose small amount. As I said buy a watch to wear and enjoy and not for investment in anything other than pure enjoyment for years!

[Racerdj]

SteelerFan65, more pictures please!

[HL65]

Originally Posted by Racerdj

SteelerFan65, more pictures please!

Below zero here so busted out the shearling


* Disclaimer: This is not an investment and purely purchased for years of enjoyment.