Which Rolex(es) do you own and what do you do for a living???

[pmoz]

Originally Posted by 1665fan

Good luck waiting! Pictures (nft) are selling for thousands of dollars now

Sure they are, and stock are growing into the sky - oh wait everything is actually falling so far this year

Let's touch base in 20 years and see how my watch collection has developed! :D I am sure that a 126000 from the year 2020 will not be selling at a premium to retail of newest version at some point throughout the next 20 years - so I will be patient ;)

When you look at the history of design of the Rolex watches, I am having a hard time seeing that the current ones will be highly collectible 20 years from now. I might be wrong, but honestly, I don't believe they will improve over time - they will just look more beaten up. Unless they mess up the design so people prefer the older ones over the new - but most people would rather have a Rolex Submariner from 2021 than 2010 - just look at the 16610 for example.

[1665fan]

Originally Posted by pmoz

Sure they are, and stock are growing into the sky - oh wait everything is actually falling so far this year

Let's touch base in 20 years and see how my watch collection has developed! :D I am sure that a 126000 from the year 2020 will not be selling at a premium to retail of newest version at some point throughout the next 20 years - so I will be patient ;)

When you look at the history of design of the Rolex watches, I am having a hard time seeing that the current ones will be highly collectible 20 years from now. I might be wrong, but honestly, I don't believe they will improve over time - they will just look more beaten up. Unless they mess up the design so people prefer the older ones over the new - but most people would rather have a Rolex Submariner from 2021 than 2010 - just look at the 16610 for example.

16610 sells for 3-4 times what it reatailed for…. One can always wish I guess

[Speedsleev]

Sales.

Daytona
Submariner

[pmoz]

Originally Posted by 1665fan

16610 sells for 3-4 times what it reatailed for…. One can always wish I guess

Yes but not even 1x the current retail… The demand is in my opinion peaking, it might increase more but it cannot continue at this rate - no one knows when the bubble will burst but as history has shown it will burst..

You think the watches of 2021 will cost 3-4x retail in 2031?

The reason why prices for used rolex is going is because people cannot buy new - but with 800-1000K manufacturers every year, the total pool of Rolex will increase. Recent years we’ve seen demand surpassing this, but again how would it make sense that this continues? We are in a cash frenzy, people have not been able to travel or spend money in restaurants and bars, and while they pay negative interest in the bank - pushing money into other assets including luxury goods


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[Philadelphialawyer1]

Originally Posted by Dougiebaby

55, real estate, 3 Rolexes:
2019 126710BLNR
2020 116500LN
2021 126610LV







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thats an excellent trio

[Craig74]

My wife and I both have a small collection, and both work in marketing/ advertising.
Currently Airking 116900,OP 124300,OP 126000,DJ 126200,YM268621 and 116500ln. Very happy, moving ou other watch brands out, and now my wife is a fan, we are having a great time collecting. Purchases much easier now she is on board lol!

[gerry100]

16570

Nothing

[liuk3]

Originally Posted by pmoz

Yes but not even 1x the current retail… The demand is in my opinion peaking, it might increase more but it cannot continue at this rate - no one knows when the bubble will burst but as history has shown it will burst..

...

For my own education, can you tell me when the Rolex market historically burst?

[pmoz]

Originally Posted by liuk3

For my own education, can you tell me when the Rolex market historically burst?

It literally says in the quote Who knows when the stock market will pop - same as Rolex market.. One thing is sure though markets have away of going up, getting to a level of frenzy and then having setbacks or pops ;)


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[amanbra]

Originally Posted by liuk3

For my own education, can you tell me when the Rolex market historically burst?

The other way to think about this is can the Pepsi continue and hit 1m? 1 billion? When average wages stay around the same? Can’t right?


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[cookqster]

Rolexes:

1. 1680 Red Submariner circa 1971 (a watch with serial exactly as old as me as far as you might reasonably conclude),
2. 16753 GMT Master circa 1985 with tiger eye dial and nipple markers (aka the 'Clint Eastwood'),
3. 116710LN GMT Master II with green hand 2014
4. 116520 Daytona (black APH dial) 2014
5. 214270 Explorer 2018
6. 326934 Sky Dweller 2019 (black dial)
7. 277200 Oyster Perpetual 31 (green dial) - for my wife :)

Independent investor and business owner, after working in private equity for 15 years and law for 5 years.

[rumiamiles]

Thanks for helping with this problem. I also have the same situation.

[Feb_29]

Working in local McDonalds three shifts per day to save for my watches and cars.

[MOXIDUST]

im 40 years old and I don't have nothing

[VonSomething]

Originally Posted by MOXIDUST

im 40 years old and I don't have nothing

So you have something?

[thenewrick]

Having nothing makes as much sense as not having nothing when you really think about it. In a way it even makes more sense to not have nothing as that is a more correct statement. But it also isn’t making any statement at all.

[jramarch]

First post in a while. I am an architect and I have a 116520 white face Daytona, 116500 white face Daytona, 116519 white gold Daytona, and 126710blro. I also have a Pam359 and Brietling navitimer.

[Feb_29]

Originally Posted by MOXIDUST

im 40 years old and I don't have nothing

A double negative is a statement which contains two negative words. If two negatives are used in one sentence, the opposite meaning may be conveyed.

[thenewrick]

While an antonym for nothing is something. I’m not sure in this case saying you don’t have nothing means you have something. It just means he doesn’t have nothing. In which case, nobody has ever not had nothing. It’s a correct statement but it’s also not stating anything. If you catch my drift.

Not having $0 doesn’t mean I have some dollars. I can not have $0 and also not have any dollars. Because not having $0 is both an infinitely correct but pointless statement there isn’t really an opposite. It’s like a logical void.

Some people use this in jokes to say things like, “I’m not saying I don’t want to date a super model, but I’m also saying I don’t not want to date a super model”. It’s a bit of a goof and logical fallacy. The brain sort of gets to the point where the person is implying they want to do something but don’t want to admit it and laugh at that point. But deeper in the logic it never actually gets to that conclusion. Some jokes and things are best not looked into too deeply and just taken at face value for the implied reaction.

[28mm]

Originally Posted by MOXIDUST

im 40 years old and I don't have nothing

He's French, so that's something.

[usmc_k9_vet]

Originally Posted by VonSomething

So you have something?

Reminds me of when people say “I could care less”. So you care? What they obviously mean is “I couldn’t care less.”


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[WilsdorfNDavis]

Originally Posted by amanbra

The other way to think about this is can the Pepsi continue and hit 1m? 1 billion? When average wages stay around the same? Can’t right?

Of course not...but if (when) the astronomical price increases slow down that doesn't mean the "bubble" has burst. You'll never be able to get a new Rolex below MSRP for the foreseeable future.

[ExplorerI]

Explorer I 114270 and a 1500 Oyster date.
Financial Advisor. I try to love a modest lifestyle under the radar so I don’t want anything flashy.

[Roddypeepa]

Originally Posted by Feb_29

Working in local McDonalds three shifts per day to save for my watches and cars.

I guess money can’t buy taste - is that a YMII?


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[JoseR]

Originally Posted by Feb_29

Working in local McDonalds three shifts per day to save for my watches and cars.

You must be a robot, comedian or FOS..

[JoseR]

Originally Posted by Roddypeepa

I guess money can’t buy taste - is that a YMII?


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Money can buy a lot of things and taste is not one of them.

[Chiboy]

Originally Posted by thenewrick

While an antonym for nothing is something. I’m not sure in this case saying you don’t have nothing means you have something. It just means he doesn’t have nothing. In which case, nobody has ever not had nothing. It’s a correct statement but it’s also not stating anything. If you catch my drift.

Not having $0 doesn’t mean I have some dollars. I can not have $0 and also not have any dollars. Because not having $0 is both an infinitely correct but pointless statement there isn’t really an opposite. It’s like a logical void.

Some people use this in jokes to say things like, “I’m not saying I don’t want to date a super model, but I’m also saying I don’t not want to date a super model”. It’s a bit of a goof and logical fallacy. The brain sort of gets to the point where the person is implying they want to do something but don’t want to admit it and laugh at that point. But deeper in the logic it never actually gets to that conclusion. Some jokes and things are best not looked into too deeply and just taken at face value for the implied reaction.

I am thinking I like the old Rick better!

[VonSomething]

Originally Posted by usmc_k9_vet

Reminds me of when people say “I could care less”. So you care? What they obviously mean is “I couldn’t care less.”


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It was not what I intended. I was genuinely curious as it's quite a cryptic post to write in this thread.

Thought he was maybe waiting for some kind of response to his message before he would continue.

[thenewrick]

My mind wanders. Forum posts are usually stream of consciousness for me. :D

Anything to get away from value/investment discussions is a + for me

Oh and I have an OP41 Silver dial and I'm a budget coordinator in government

[ProCoach]

I teach people how to drive very quickly or race well in sports cars, for the last sixteen years full-time.

Before that, I was a Ferrari mechanic, owner and independent repair shop owner for twenty six years.

I own a 116520 white dial, same model awarded at the Rolex 24 for a few years before the 116500LN came out (they never awarded the 116500LN at the Daytona 24, only the black face at LeMans 24 in the last few years. Since 2016, Rolex 24 prize has been 116503 TT).

I sold two businesses and when I sold the second, I bought my 116520. In line with my local AD for a 116500, and willing to wait.