Would you buy this?

[fastrack1]

Is this watch hard to find or in demand like some of the others? I can buy it at retail of $13k with no sales tax or shipping. I will never wear this watch, just curious if it is worth hanging onto.

I also can't find the silver face on the Rolex site, only the gold face? It was bought from an AD in Las Vegas two months ago and I've seen the receipt. Any reason that face isn't an option online? Model 126233

[fastrack1]

Sorry, here is the picture...

[RollieNZ]

The answer is 'NO' on all counts.

Why would you tie up your money in a watch you'll never wear?

Just curious.

[hutch300]

This is a silly can I resell and make a profit thread. We do not answer those questions.

[fastrack1]

Originally Posted by RollieNZ

The answer is 'NO' on all counts.

Why would you tie up your money in a watch you'll never wear?

Just curious.

Because I have money losing value everyday sitting in a cash account. So a watch that will at least hold its value is better than that. I already have land, investments, etc. I was just thinking of parking some loose cash into some watches. I will admit that I'd mainly like it to be in watches that I would wear and want to pass to my children, but in the current market it seems that almost any Rolex is hard to buy at MSRP.

I picked up a Starbucks Sub a couple weeks ago but I daily wear that and plan to pass along to my children.

[WestCoastS]

I would not no. sink your money into many other options to make a few bucks. Based on a quick search on chrono 24 cheapest one is about 15k American.

[WestCoastS]

Originally Posted by RollieNZ

The answer is 'NO' on all counts.

Why would you tie up your money in a watch you'll never wear?

Just curious.

Also this

[Stewart_88]

Originally Posted by fastrack1

I will never wear this watch, just curious if it is worth hanging onto.

[RollieNZ]

Originally Posted by fastrack1

Because I have money losing value everyday sitting in a cash account. So a watch that will at least hold its value is better than that. I already have land, investments, etc. I was just thinking of parking some loose cash into some watches.

I picked up a Starbucks Sub a couple weeks ago but I daily wear that and plan to pass along to my children.

And here, folks, is the very reason in a nutshell why watch collectors are unable to obtain their desired piece at retail.

[fastrack1]

Originally Posted by hutch300

This is a silly can I resell and make a profit thread. We do not answer those questions.

Nope not asking about resell or flip. Asking about holding onto the watch if it holds it value instead of losing money on cash right now. Sure, I might sell it in 10 years - I don't consider that a flipper but maybe ya'll do

[sportsfan0704]

No this has negative resale value and watches aren’t investments. There’s a reason you can get this when most Rolex is unattainable. 2 tone doesn’t hold the same value as ss does these days, the anniversary dial isn’t a big draw for most people, diamonds aren’t either, and oyster is still not preferred on the datejust to a jubilee for the majority of people.

[hutch300]

You seem to know enough other than if you can profit. Again, not going to answer that. I think you might be happy looking at some Hublots. Great investment watches.

[klenboy]

For your purposes this is the wrong watch for it. On all counts.

[fastrack1]

Originally Posted by RollieNZ

And here, folks, is the very reason in a nutshell why watch collectors are unable to obtain their desired piece at retail.

Really don't follow that. I've been wanting a Sub for a long time and now have it and daily wear it. If I buy another Rolex and hold onto it for years plus maybe buy others that I'm also interested in, I am a collector. How am I hindering other collectors?

I simply was asking about this particular Rolex because I am not an expert and a newbie to the Rolex family. I am learning more every day but I don't understand how the fact that I bought a Sub and am interested in buying another Rolex from a local reseller makes me part of the problem? Isn't it the flippers and the grey market that are driving up these prices and the people willing to pay the higher prices? I'm none of those.

[fastrack1]

Originally Posted by sportsfan0704

No this has negative resale value and watches aren’t investments. There’s a reason you can get this when most Rolex is unattainable. 2 tone doesn’t hold the same value as ss does these days, the anniversary dial isn’t a big draw for most people, diamonds aren’t either, and oyster is still not preferred on the datejust to a jubilee for the majority of people.

Thank you so much to someone who just honestly answered a question for a newbie instead of accusing me of being part of the problem with the current watch shortage. I very much appreciate the honest answer.

[fastrack1]

Originally Posted by hutch300

You seem to know enough other than if you can profit. Again, not going to answer that. I think you might be happy looking at some Hublots. Great investment watches.

thanks for the poor advice on Hublots. appreciate it.....

Read the original question. I wasn't asking about flipping the watch. It's sitting in a local jewelry shop that doesn't even normally have Rolexes but just happened to get this one. So I thought maybe I had stumbled on something worthwhile for the long haul. Again, not an expert.

So many people buy these watches because they can wear them, enjoy them, yet still not lose any money on them in the long haul. Not sure why all the animosity.

I love my Sub. But I wouldn't have bought it if I thought it would lose 40% when I walked out the door. I have several Omega's, all bought at a 40-50% discount for that same reason. Never bought new. I try to be smart with my money. I don't probably have as much as many of you who just buy whatever you want and at whatever price you want.

[RollieNZ]

Originally Posted by fastrack1

Really don't follow that. I've been wanting a Sub for a long time and now have it and daily wear it. If I buy another Rolex and hold onto it for years plus maybe buy others that I'm also interested in, I am a collector. How am I hindering other collectors?

I simply was asking about this particular Rolex because I am not an expert and a newbie to the Rolex family. I am learning more every day but I don't understand how the fact that I bought a Sub and am interested in buying another Rolex from a local reseller makes me part of the problem? Isn't it the flippers and the grey market that are driving up these prices and the people willing to pay the higher prices? I'm none of those.

Basically IMO a person is not a 'collector' if they purchase a watch that they 'will never wear'.

They are an 'investor'.

It's the investors who have helped create the present situation.

However, we'll probably never agree on this point so best if we leave it there.

[Xerxes77]

No

[hutch300]

Valuations/Sales and "What's It Worth" Threads
TRF gets a lot of "What's it Worth" threads, "My Grandfather just died..."; "My dad wants to sell his..."; and other assorted veiled attempts to sell or offers for sale in the General Discussion Board.

It takes fewer than 5 minutes to research almost any Rolex model and find what they are being sold for across the Internet. You are urged to search the Forum Sales Board if you are seeking an estimate of value for your watch, or search the Internet for prevailing values. TRF is neither a shopping service for you, nor is it a valuation service as value varies widely depending on condition and local economies..

TRF urges members not to make offers on such watches that pop up in these threads because most of the scams or bad experiences that have cost members dearly have been outside of the proper Sales Forum.. This rule is for protection of the membership and to control sales and buying to the proper board.

Your post requesting value, or any other post that appears to be a solicitation for sale or wanted-to-buy will be removed. Hints that it is for sale or veiled attempts at sales on this board will result in the thread being deleted..

Moderators will make the final decision if the Thread has merit and can remain and may, without discussion, edit the Thread to meet TRF guidelines.

All buying and selling is to be done on the For Sale section where rules and requirements are clearly posted.

[fastrack1]

Originally Posted by RollieNZ

Basically IMO a person is not a 'collector' if they purchase a watch that they never intend to wear.

They are an 'investor'.

It's the investors who have helped create the present situation.

However, we'll probably never agree on this point so best if we leave it there.

Ok, I agree with and see your point there. My Rolex wishlist only includes stuff I want to wear and pass along to children. I just stumbled on this one today while in the store with my wife who was looking at something so I thought I'd ask. But I appreciate your opinion and also the help you gave me earlier via PM.

[Rrpdc]

No way

[garyk]

Originally Posted by fastrack1

Sorry, here is the picture...

Not wearing?? No offense but that's nuts!

[fastrack1]

Originally Posted by hutch300

Valuations/Sales and "What's It Worth" Threads
TRF gets a lot of "What's it Worth" threads, "My Grandfather just died..."; "My dad wants to sell his..."; and other assorted veiled attempts to sell or offers for sale in the General Discussion Board.

It takes fewer than 5 minutes to research almost any Rolex model and find what they are being sold for across the Internet. You are urged to search the Forum Sales Board if you are seeking an estimate of value for your watch, or search the Internet for prevailing values. TRF is neither a shopping service for you, nor is it a valuation service as value varies widely depending on condition and local economies..

TRF urges members not to make offers on such watches that pop up in these threads because most of the scams or bad experiences that have cost members dearly have been outside of the proper Sales Forum.. This rule is for protection of the membership and to control sales and buying to the proper board.

Your post requesting value, or any other post that appears to be a solicitation for sale or wanted-to-buy will be removed. Hints that it is for sale or veiled attempts at sales on this board will result in the thread being deleted..

Moderators will make the final decision if the Thread has merit and can remain and may, without discussion, edit the Thread to meet TRF guidelines.

All buying and selling is to be done on the For Sale section where rules and requirements are clearly posted.

Dually noted. Didn't know I was breaking so many rules. But I got it

[hutch300]

The intent isn't to be rude. We enjoy the watches, that is why we are here. We also get lots of people here with different intentions. Join, enjoy, and learn. This forum is great but its not about investments :).

[Stewart_88]

Originally Posted by RollieNZ

Basically IMO a person is not a 'collector' if they purchase a watch that they 'will never wear'.

They are an 'investor'.

It's the investors who have helped create the present situation.

However, we'll probably never agree on this point so best if we leave it there.

Originally Posted by hutch300

The intent isn't to be rude. We enjoy the watches, that is why we are here. We also get lots of people here with different intentions. Join, enjoy, and learn. This forum is great but its not about investments :).

Top posts here

[77T]

Originally Posted by fastrack1

Didn't know I was breaking so many rules. But I got it

Welcome to the forum.

There are some rules you’ll find at the top of many sections. In general they add up to “play nice”. But some are fairly strict. Like discussing replica watches.

You’ll see the tide ebb and flow in some sections. But a few hours looking through all the great content here will help you get the hang of the context.

On your question, I’d look at vintage for a buy and gold situation like you described. Many of my friends buy old F1 cars they will never drive - not much difference methinks.

Sent from my iPhone using Tapatalk Pro

[JSolution]

Rolex watches generally hold for value and increase over time. I can understand not wanting to have cash devaluing itself in the current climate however as far as watches go this ticks about every box possible for losing money.

Find a Rolex you like… you can wear it and bash it around whatever, send it to Rolex service centre and have it fixed up when ready to sell and it will be good as new. - you get to enjoy your money this way. But chances are when you find the right watch for you you’ll never want to sell it anyway :)

[Seddyspaghetti]

To answer you first question, hell no.

And to answer your second one, this is not in demand enough to make a worthwhile profit on it if you were to sell it later. Better to invest in the hot ss models.

[gerry100]

Doesnt look like a piece with broad appeal.

Not sure there is profit to be made.

[992Guy]

Yes for $1…I can send my PayPal info now.