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Mr. K · 25 July 2007, 11:58 PM

Just wondering who here has made money on a Rolex?

I have sold three Rolexes, broke even on two OQs and took a bath on a TT DJ. But in fairness the TT DJ was bought new close to retail (my first watch). And I know TT watches don't hold value as well as SS and DJs not as well as sport models. Lost about $2K.

But just wondering how many out there have made money. I get the feeling JJ does okay, but how about the restof you guys?

And how long does it take before the resale value of your watch catches up with the paid price? Maybe 2 to 3 years?

I bought by SS sub date for $3200 about 4 years ago, I think I am finally in the black on that one, but my other watches have some catching up to do.

Mr. K · 26 July 2007, 12:01 AM

I must add though, I have complete faith that if you were to sell a watch, Rolex is the one to get your money back on.

problmchylde · 26 July 2007, 12:04 AM

I have.But of course....we are talking of vintage sports model.

Sold two that i seldom wear......and made a small profit.Nothing significant......about USD$1400.

SPACE-DWELLER · 26 July 2007, 12:05 AM

On the three Daytonas 16520ies, I made one helluva money

On the rest I have had (Sub Dates, DJ and SDs) I lost some money.

Blue Bull · 26 July 2007, 12:05 AM

Rolex has made money out of me ....

Only sold one ,ever and lost very little after 6 years of use

Mr. K · 26 July 2007, 12:07 AM

Quote:

Originally Posted by problmchylde

I have.But of course....we are talking of vintage sports model.

Sold two that i seldom wear......and made a small profit.Nothing significant......about USD$1400.

Mr. K · 26 July 2007, 12:08 AM

Quote:

Originally Posted by Spacedweller

On the three Daytonas 16520ies, I made one helluva money

On the rest I have had (Sub Dates, DJ and SDs) I lost some money.

Daytonas sure are golden. (Even though they are SS.)

Mr. K · 26 July 2007, 12:09 AM

Quote:

Originally Posted by Blue Bull

Rolex has made money out of me ....

Only sold one ,ever and lost very little after 6 years of use

That is what I like to hear! So maybe a break even point is say 5-10 years?

Did you buy new or pre-owned?

JJ Irani · 26 July 2007, 03:55 AM

In the early '90s, back home in India, I always reaped good profits on all my Rollies 'cause the importation of Rolex back then was banned and there were no Rolex ADs in Bombay then.

Here in Auckland, I've taken small hits on most of them except for the last two - the Sub-date and the SD.

In reality, no watch is an investment - buy it and enjoy it. Flip it and lose a bit. That's life!!

JJ

roadcarver · 26 July 2007, 04:04 AM

I've lost on all of them... at the same time new to the watch world. I was eager to service them and when I didn't want them anymore, I couldn't get the $$ back on it.

I learned since then, only service the recent acquistion (preowned) if you know you are going to keep it.

Blue Bull · 26 July 2007, 04:18 AM

Quote:

Originally Posted by Mr. K

That is what I like to hear! So maybe a break even point is say 5-10 years?

Did you buy new or pre-owned?

Break,even will be great,depending on what you paid for it.Thas why its so important to get a good deal on purchase.I bought new fron AD,but at an substantial discount.

I guess thats why Rolex is so popular.It has a value,anywhere in the world.If I sell it in a few years time and there's a little loss,so what ? I still had the enjoyment of wearing it for a few years.If I get 80% back after 5 years,its great !!

JJ Irani · 26 July 2007, 04:23 AM

I think this thread title should have read: Who here has LOST money on a Rolex?

SPACE-DWELLER · 26 July 2007, 04:26 AM

Quote:

Originally Posted by JJ Irani

In reality, no watch is an investment - buy it and enjoy it. Flip it and lose a bit. That's life!!

JJ

Not quite true. The Daytona still is and probably will alwas stay an investment, but also it is the ONLY current Rolex model that is so

Now, if you go just a bit back, many Rolex vintage models sure a one heluva investment.

waltk1026 · 26 July 2007, 04:38 AM

I haven't sold any Rolexes but just the same if I sold my 5513 sub that I paid $525 for in 1978 I obviously make a killing. On the other hand selling my 1-1/2year old YGDD I don't want to know the loss I'd take. In general I don't think you will have a profit selling any watch. Possibly a sub or daytona that one bought a a good price at one time. Otherwise it's a loser.

Gaijin · 26 July 2007, 04:41 AM

Quote:

Originally Posted by JJ Irani

In the early '90s, back home in India, I always reaped good profits on all my Rollies 'cause the importation of Rolex back then was banned and there were no Rolex ADs in Bombay then.

Here in Auckland, I've taken small hits on most of them except for the last two - the Sub-date and the SD.

In reality, no watch is an investment - buy it and enjoy it. Flip it and lose a bit. That's life!!

JJ

Good advice. The enjoyment I get out of them makes up for any potential loss. I sold my Air King and donated all the money from the sale except $500 to charity.

timebroker · 26 July 2007, 05:04 AM

Depends on whether you buy to sell, or to wear, and location is the most important.
Certain countries you can find Paul Newmans for instance at VERY cheap prices.
I know several people who trade in Rolex and travel all over the world for them. But that is not really your question is it

The more you buy in USA or Europe the less profit or even losses you will make.
Countries that used to be rich (can even be 50 - 100 years ago) and now have fallen victim to depressions are the best bet to encounter sleepers.

Blue Bull · 26 July 2007, 05:16 AM

My car is now worth 35% of its original purchase price as a trade in.Its 4.5 years old.If I can get 70-80% back on a Rolex,thats 6 years old,its clear,that Rolex is a much better buy.Ad to that,the fact that the longer you keep the Rolex the more money you get back,the longer you keep the bloody car,the less you get back ...

gmt 16750 · 26 July 2007, 06:00 AM

Quote:

Originally Posted by Blue Bull

My car is now worth 35% of its original purchase price as a trade in.Its 4.5 years old.If I can get 70-80% back on a Rolex,thats 6 years old,its clear,that Rolex is a much better buy.Ad to that,the fact that the longer you keep the Rolex the more money you get back,the longer you keep the bloody car,the less you get back ...

Yeah, but try getting to work on your Rolex!

Spark · 26 July 2007, 06:28 AM

I made £1500 gbp on my 3 year old Steel Daytona when I sold it.
I wore it and enjoyed it and made $3000 great

It is a shame I couldn't buy and sell one a week at that mark up

Blue Bull · 26 July 2007, 06:36 AM

Quote:

Originally Posted by gmt 16750

Yeah, but try getting to work on your Rolex!

But we dont need an Aston Martini to get to work ,do we ??

Would be nice though.

walds11 · 26 July 2007, 06:56 AM

It is a hobby for me. I am happy to break-even or incur a small loss. I never made money seling a Rolex, but I made money selling other models, ie. Panerai.

Tools · 26 July 2007, 08:17 AM

Made Money ??

I didn't know we were supposed to....

C.J. · 26 July 2007, 08:28 AM

I broke even on a few, but lost on most.

mike · 26 July 2007, 08:32 AM

It's not been my first priority but I've done OK.

mailman · 26 July 2007, 09:55 AM

Quote:

Originally Posted by mike

It's not been my first priority but I've done OK.

You mean you've sold some Mike

Rubenonfire · 26 July 2007, 09:58 AM

Never sold one and hope never to have to.

Mr. K · 26 July 2007, 11:58 AM

Quote:

Originally Posted by Rubenonfire

Never sold one and hope never to have to.

This is the best way to go. I buy all mine with the hope I will never have to sell. I have sold a few but plan on keeping the ones I have for a very long time.

Even though I lost money on one I sold, I enjoyed it much more than the money I lost, and that is the important thing.

But it is also good to know that you always have an asset when you have a Rolex.

Rawhyde · 26 July 2007, 01:22 PM

Quote:

Originally Posted by JJ Irani

In the early '90s, back home in India, I always reaped good profits on all my Rollies 'cause the importation of Rolex back then was banned and there were no Rolex ADs in Bombay then.

Here in Auckland, I've taken small hits on most of them except for the last two - the Sub-date and the SD.

In reality, no watch is an investment - buy it and enjoy it. Flip it and lose a bit. That's life!!

JJ

Not sure I agree with this....

I gave $500 for an Air King. It has 2 months wear on is since its last visit to an RSC. Used AK's are going for $1500-2000 USD.

Sounds like a potential profit if I wanted to sell. Of course, 17 years have elapsed since I bought it.

Based on my eBay research (yeah, I know about eBay's problems), the Tudor Chrono that I paid $1100 for in 1996 would probably bring $2500-3000. Again, sounds like I could make a dime or two if I decided to sell.

If you hang on to them for a while before you flip (and keep it in good shape), it's not a money loser.

Rawhyde

S2000 Driver · 26 July 2007, 01:54 PM

Quote:

Originally Posted by Tools

Made Money ??

I didn't know we were supposed to....

Is this now a vendor site?

mikey · 26 July 2007, 02:00 PM

Well, I paid a little over 2 Grand helping a friend and I listed on this site and ebay and wound up selling it for $1600+. The Oyster Perpetual with the 1030 movement was purchased for 850 and sold for 930 on ebay. Rolexes in general are great watches to experience and hold. Its purely a hobby. I do the same thing with Professional Radio Control motors etc. You want to go faster and have stories to tell to others

View Poll Results: Have you
Made $ on a Rolex	19	47.50%
Lost $ on a Rolex	10	25.00%
Just broke even	11	27.50%
Voters: 40. You may not vote on this poll

25 July 2007, 11:58 PM	#1
Mr. K "TRF" Member Join Date: May 2005 Real Name: Mark Location: Seattle-ish Posts: 6,078	Who here has made money on a Rolex? Just wondering who here has made money on a Rolex? I have sold three Rolexes, broke even on two OQs and took a bath on a TT DJ. But in fairness the TT DJ was bought new close to retail (my first watch). And I know TT watches don't hold value as well as SS and DJs not as well as sport models. Lost about $2K. But just wondering how many out there have made money. I get the feeling JJ does okay, but how about the restof you guys? And how long does it take before the resale value of your watch catches up with the paid price? Maybe 2 to 3 years? I bought by SS sub date for $3200 about 4 years ago, I think I am finally in the black on that one, but my other watches have some catching up to do.

26 July 2007, 12:05 AM	#4
SPACE-DWELLER "TRF" Member Join Date: Apr 2007 Real Name: Bo Location: Denmark Watch: Rolex, of course! Posts: 22,436	On the three Daytonas 16520ies, I made one helluva money On the rest I have had (Sub Dates, DJ and SDs) I lost some money. __________________ With kind regards, Bo LocTite 221: The Taming Of The Screw...

26 July 2007, 03:55 AM	#9
JJ Irani Fondly Remembered Join Date: May 2005 Real Name: JJ Location: Auckland, NZ Watch: ALL SOLD!! Posts: 74,319	In the early '90s, back home in India, I always reaped good profits on all my Rollies 'cause the importation of Rolex back then was banned and there were no Rolex ADs in Bombay then. Here in Auckland, I've taken small hits on most of them except for the last two - the Sub-date and the SD. In reality, no watch is an investment - buy it and enjoy it. Flip it and lose a bit. That's life!! JJ __________________ Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!!

26 July 2007, 04:04 AM	#10
roadcarver "TRF" Member Join Date: Aug 2006 Real Name: Vernon Location: C-a-n-a-d-a Watch: 16600 Posts: 5,641	I've lost on all of them... at the same time new to the watch world. I was eager to service them and when I didn't want them anymore, I couldn't get the $$ back on it. I learned since then, only service the recent acquistion (preowned) if you know you are going to keep it. __________________ I'm just a cook...

26 July 2007, 12:01 AM	#2
Mr. K "TRF" Member Join Date: May 2005 Real Name: Mark Location: Seattle-ish Posts: 6,078	I must add though, I have complete faith that if you were to sell a watch, Rolex is the one to get your money back on.

26 July 2007, 12:04 AM	#3
problmchylde "TRF" Member Join Date: May 2007 Real Name: PETER Location: Singapore Watch: 1665 SD Posts: 768	I have.But of course....we are talking of vintage sports model. Sold two that i seldom wear......and made a small profit.Nothing significant......about USD$1400.

26 July 2007, 12:05 AM	#5
Blue Bull Banned Join Date: Dec 2006 Posts: 2,887	Rolex has made money out of me .... Only sold one ,ever and lost very little after 6 years of use

26 July 2007, 04:23 AM	#12
JJ Irani Fondly Remembered Join Date: May 2005 Real Name: JJ Location: Auckland, NZ Watch: ALL SOLD!! Posts: 74,319	I think this thread title should have read: Who here has LOST money on a Rolex? __________________ Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!!

26 July 2007, 04:38 AM	#14
waltk1026 "TRF" Member Join Date: May 2007 Location: phila pa Watch: 116610 5513 Posts: 341	I haven't sold any Rolexes but just the same if I sold my 5513 sub that I paid $525 for in 1978 I obviously make a killing. On the other hand selling my 1-1/2year old YGDD I don't want to know the loss I'd take. In general I don't think you will have a profit selling any watch. Possibly a sub or daytona that one bought a a good price at one time. Otherwise it's a loser.

26 July 2007, 05:04 AM	#16
timebroker "TRF" Member Join Date: Jul 2007 Real Name: Filip Location: Belgium Posts: 1,619	Depends on whether you buy to sell, or to wear, and location is the most important. Certain countries you can find Paul Newmans for instance at VERY cheap prices. I know several people who trade in Rolex and travel all over the world for them. But that is not really your question is it The more you buy in USA or Europe the less profit or even losses you will make. Countries that used to be rich (can even be 50 - 100 years ago) and now have fallen victim to depressions are the best bet to encounter sleepers.

26 July 2007, 05:16 AM	#17
Blue Bull Banned Join Date: Dec 2006 Posts: 2,887	My car is now worth 35% of its original purchase price as a trade in.Its 4.5 years old.If I can get 70-80% back on a Rolex,thats 6 years old,its clear,that Rolex is a much better buy.Ad to that,the fact that the longer you keep the Rolex the more money you get back,the longer you keep the bloody car,the less you get back ...

26 July 2007, 06:28 AM	#19
Spark "TRF" Member Join Date: Oct 2006 Real Name: Mark Location: U.K. Watch: Too Many Posts: 2,097	I made £1500 gbp on my 3 year old Steel Daytona when I sold it. I wore it and enjoyed it and made $3000 great It is a shame I couldn't buy and sell one a week at that mark up

26 July 2007, 06:56 AM	#21
walds11 "TRF" Member Join Date: Jul 2005 Real Name: Adam Location: Philly ‘burbs Posts: 5,660	It is a hobby for me. I am happy to break-even or incur a small loss. I never made money seling a Rolex, but I made money selling other models, ie. Panerai.

26 July 2007, 08:17 AM	#22
Tools TRF Moderator & 2024 SubLV41 Patron Join Date: May 2007 Real Name: Larry Location: Mojave Desert Watch: GMT's Posts: 43,514	Made Money ?? I didn't know we were supposed to....

26 July 2007, 08:28 AM	#23
C.J. "TRF" Member Join Date: Jan 2006 Location: * Posts: 10,196	I broke even on a few, but lost on most. __________________ Me? I'm still looking for Kokomo. I just hope that damn golfer isn't there

26 July 2007, 08:32 AM	#24
mike "TRF" Member Join Date: Jul 2005 Posts: 22,683	It's not been my first priority but I've done OK.

26 July 2007, 09:58 AM	#26
Rubenonfire "TRF" Member Join Date: Feb 2007 Real Name: Ruben Location: Orange County Watch: 16610LV Posts: 1,317	Never sold one and hope never to have to. __________________ Throw your Rollies in the sky, wave 'em side to side, now keep your hands high.

26 July 2007, 02:00 PM	#30
mikey "TRF" Member Join Date: Oct 2006 Location: USA Watch: Oysterdate 6694 Posts: 2,713	remmeber the lady dj? Well, I paid a little over 2 Grand helping a friend and I listed on this site and ebay and wound up selling it for $1600+. The Oyster Perpetual with the 1030 movement was purchased for 850 and sold for 930 on ebay. Rolexes in general are great watches to experience and hold. Its purely a hobby. I do the same thing with Professional Radio Control motors etc. You want to go faster and have stories to tell to others

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