Rolex as an Investment

[wulfman]

Originally Posted by capote

So why don't you sell it? You will never be able to wear and enjoy it anyway. Do you think it will appreciate more or do you have an emotional tie to it?

I have a P-Series which I'm wearing. ;-)

[wulfman]

Originally Posted by HorologyK

Anyone going into a Rolex purchase thinking its an investment either shouldn't be buying one or will undoubtedly be disappointed with their purchase in due time.

Bullshit. You can combine it. Watches as investment for example stickered NOS 5- digit references staying unworn in the safe and watches you're wearing...

[123Blueface]

Originally Posted by wulfman

Bullshit. You can combine it. Watches as investment for example stickered NOS 5- digit references staying unworn in the safe and watches you're wearing...

.....and there lies the rub for me.
A watch is to be worn. Enjoyed. Not put in a safe looking at it occasionally, hoping it goes up in value.
Life is way to short for that BS.
There are way better investment avenues if a profit is what you seek.
But hey, if you can't love the one you want, love the one your with........or, to each his own, whatever floats your boat.

[superdog]

Originally Posted by 123Blueface

.....and there lies the rub for me.
A watch is to be worn. Enjoyed. Not put in a safe looking at it occasionally, hoping it goes up in value.
Life is way to short for that BS.
There are way better investment avenues if a profit is what you seek.
But hey, if you can't love the one you want, love the one your with........or, to each his own, whatever floats your boat.

Watches are meant to be worn, comic books are meant to be read, and wine is mean to be enjoyed. I don't disagree with any of that.

But I'm also not a black and white kind of guy. I'm all about the gray in life. And I've got a pretty sweet 7 watch rotation.

I'll be ok keeping these in the safe speculating.

[superdog]

Originally Posted by HorologyK

Anyone going into a Rolex purchase thinking its an investment either shouldn't be buying one or will undoubtedly be disappointed with their purchase in due time.

I'm guessing you havent read the thread.

Being the OP, I can assure you that you are incorrect. So "undoubtedly be disappointed", is incorrect.

No matter how this turns out, I'm already happy with this move.

[Tony64]

Well I've read most of this thread and admittedly some excellent points have been made that have allowed me to re-evaluate my position. Still I've reached the same conclusion- the watches should be worn.

It's true that you probably won't lose much of your principle if you're wiling to wait long enough, at least based on past performance. The problem is that IMO one of the main reasons that used Rolex values have remained so strong is the yearly rise in prices that we've seen over the past decade in the new luxury watch market. Escalating prices of new watches brings the whole market up. Perhaps the prices of new watches will continue to double over the next decade but recent trends suggest otherwise. Bubbles exist. Stable prices in the new market means less appreciation in the used market. Keeping the watches NIB may help, but a gentle worn and enjoyed example will probably retain almost as much.

My next point is entirely subjective and the reason that some have found this concept of buying watches to store unworn in a safe so foreign, myself included. Recently I was at a friend's house, and someone whom I consider quite a reasonable guy. He had in a display cabinet several vintage child's toys, action figure/doll actually, that were still in their original boxes, never opened. Now I'm absolutely certain that these toys are now worth 100x more than their original stickered prices, and if my friend had purchased these as a young lad and put them aside then he's made out quite well- financially. To some these would look like savvy investments and that would certainly bring them joy. To be it brings sadness to see toys in unopened packages, never played with as intended. Each action figure trapped in cellophane was once one less smile on a child's face.

Comic books should be read, sports cars driven, fine wine consumed, watches worn, and life lived. Anything else is a hard concept for many of us to understand, but clearly some feel differently. If you can somehow reap the same level of enjoyment taking these trophies out of the safe on occasion to inspect, as you would worn on your wrist, then my opinion is really not relevant.

I will leave you with this final thought. If buying a Rolex and storing it away unworn is such a guaranteed method to gain significant appreciation then perhaps a compromise can be reached between those that subscribe to this dogma and those who repudiate the very concept. Always purchase 2 Rolexes of the same identical model. (This technique will likely result in an additional discount - bonus!) Then store one away stickered and unworn. The other one wear and enjoy as intended. After 10-20 years you sell the one in the safe and with the profit you've surely made, the one you've worn and enjoyed on your wrist will have cost you nothing. You've got a free Rolex!

There's no right answer for everyone, but perhaps you've truly found a way to have your cake and eat it too. Don't mind the naysayers, we will never understand anyway.

[123Blueface]

Originally Posted by Tony64

There's no right answer for everyone, but perhaps you've truly found a way to have your cake and eat it too. Don't mind the naysayers, we will never understand anyway.

I personally fully understand but I am a real estate and diversified investments between stocks, bonds, funds, etc. kind of guy.

A watch, is a purchase to put on my wrist and enjoy. I personally can't phantom putting it away to hope it appreciates some day. Darn thing won't even make it out of the store in the box with me.

Items such as watches, cars, and any other collectible experience a very fluctuating market. You will never know its value until you eventually determine its demand, which may or may not be what you expected.

OP has his plan and some may agree with it, and may well work for him. I genuinely wish him and anyone with similar expectations well. Just not my cup of tea and certainly not an avenue we all have to agree on.

[Duey]

Just because I like this thread -

http://www.huffingtonpost.com/entry/...b0ce496423521e


Now hopefully we'll get a 45% price increase in Canada this month to bring the prices in line with here in the USA

Hows that stock market doing this year compared to your SS Sport Rolex ?

[Easy Rhino]

A wearable durable good to enjoy and avoid taking a significant loss on.

An investment? Not so much.

But a much better purchase than lottery tickets, or a pack a day cigarette habit, and likely cheaper.