The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Thursday 10 July 2025 @ 8:00:12 pm

Go Back   Rolex Forums - Rolex Forum > General Topics > Open Discussion Forum

Reply
 
Thread Tools Display Modes
Old 3 November 2020, 09:39 AM   #1
raminradmand
"TRF" Member
 
Join Date: Oct 2020
Location: Canada
Posts: 2
Looking for recommendations

Hey everyone,

I'm new here from Canada.
I'm 20 and have finally saved up enough money so buy my first Rolex, as I've admired them for a number of years now.

Looking to purchase a justdate 31 oystersteel and white gold, with the white face and roman numerals.

Its priced at 9,400 CAD. My question is, is this a good watch to invest in?

I'm not trying to buy a Rolex to make money off of it, but just for the sake of being some what financially responsible I have to ask someone who knows more than me.

Do these models keep their value?
Whats the resale market like currently for older justdates?

Any advice would be appreciated!
raminradmand is offline   Reply With Quote
Old 4 November 2020, 02:42 AM   #2
Mifune
Banned
 
Join Date: Apr 2020
Location: here AND there...
Posts: 2,240
watches are not an investment...
Mifune is offline   Reply With Quote
Old 4 November 2020, 02:43 AM   #3
superdog
"TRF" Member
 
superdog's Avatar
 
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,958
Quote:
Originally Posted by Mifune View Post
watches are not an investment...
Who says?
__________________
If happiness is a state of mind, why look anywhere else for it?

IG: gsmotorclub
IG: thesawcollection

(Both mostly just car stuff)
superdog is offline   Reply With Quote
Old 4 November 2020, 02:45 AM   #4
superdog
"TRF" Member
 
superdog's Avatar
 
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,958
Quote:
Originally Posted by raminradmand View Post
Hey everyone,

I'm new here from Canada.
I'm 20 and have finally saved up enough money so buy my first Rolex, as I've admired them for a number of years now.

Looking to purchase a justdate 31 oystersteel and white gold, with the white face and roman numerals.

Its priced at 9,400 CAD. My question is, is this a good watch to invest in?

I'm not trying to buy a Rolex to make money off of it, but just for the sake of being some what financially responsible I have to ask someone who knows more than me.

Do these models keep their value?
Whats the resale market like currently for older justdates?

Any advice would be appreciated!
Absolutely, it’s a good place e to park money.

Historically speaking, Rolex watches hold their value. Just like anything else, there is a risk. But unlike most other watches, Rolex is pretty consistent in keeping their product in high demand.

That said, you need to buy right. The cost of that DJ seems high to me.
__________________
If happiness is a state of mind, why look anywhere else for it?

IG: gsmotorclub
IG: thesawcollection

(Both mostly just car stuff)
superdog is offline   Reply With Quote
Old 4 November 2020, 02:45 AM   #5
Mifune
Banned
 
Join Date: Apr 2020
Location: here AND there...
Posts: 2,240
I just did...
Mifune is offline   Reply With Quote
Old 4 November 2020, 02:48 AM   #6
superdog
"TRF" Member
 
superdog's Avatar
 
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,958
Quote:
Originally Posted by Mifune View Post
I just did...
Oh. Well then clearly everyone should listen to you.

Sorry, I didn’t realize you dictate what everyone does and thinks.

Thanks for clarifying.
__________________
If happiness is a state of mind, why look anywhere else for it?

IG: gsmotorclub
IG: thesawcollection

(Both mostly just car stuff)
superdog is offline   Reply With Quote
Old 4 November 2020, 02:54 AM   #7
huncho
2025 Pledge Member
 
huncho's Avatar
 
Join Date: Oct 2017
Location: nyc
Posts: 6,978
not that datejust, not at that price
huncho is offline   Reply With Quote
Old 4 November 2020, 02:55 AM   #8
superdog
"TRF" Member
 
superdog's Avatar
 
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,958
Quote:
Originally Posted by huncho View Post
not that datejust, not at that price
Yeah. That would be my concern here. Of priced right, I imagine he will do fine. But that’s expensive.
__________________
If happiness is a state of mind, why look anywhere else for it?

IG: gsmotorclub
IG: thesawcollection

(Both mostly just car stuff)
superdog is offline   Reply With Quote
Old 4 November 2020, 02:57 AM   #9
envuks
2025 TitaniumYM Pledge Member
 
envuks's Avatar
 
Join Date: Aug 2009
Location: New England
Posts: 3,778
A 31mm datejust is a watch you’d be lucky to recoup 70% out of. If you value retention is important to you, at least get a 36mm version which should hold its value a bit better.


Sent from my iPad using Tapatalk
__________________
Current watches: 116718ln, 116500 black dial, 40mm Breitling Chronomat MOP dial

“A man with one watch always knows what time it is. A man with two watches is never sure.”
envuks is online now   Reply With Quote
Old 4 November 2020, 02:59 AM   #10
Spicy_poo
Banned
 
Join Date: Oct 2020
Location: USA
Posts: 10
Quote:
Originally Posted by raminradmand View Post
Hey everyone,

I'm new here from Canada.
I'm 20 and have finally saved up enough money so buy my first Rolex, as I've admired them for a number of years now.

Looking to purchase a justdate 31 oystersteel and white gold, with the white face and roman numerals.

Its priced at 9,400 CAD. My question is, is this a good watch to invest in?

I'm not trying to buy a Rolex to make money off of it, but just for the sake of being some what financially responsible I have to ask someone who knows more than me.

Do these models keep their value?
Whats the resale market like currently for older justdates?

Any advice would be appreciated!
I would prefer a submariner.
Spicy_poo is offline   Reply With Quote
Old 4 November 2020, 04:47 AM   #11
SoTaxLaw
"TRF" Member
 
Join Date: Feb 2019
Real Name: Scott
Location: USA
Watch: 114060
Posts: 337
My Rolex watches never, ever pay me dividends or have any retained earnings to report. The only way I could make money with them is to find someone willing to pay more than I did. That would be speculation not investing. Fortunately, I only bought the watches to wear and enjoy. OP you’ll be happier if you just buy what you like and can afford.
SoTaxLaw is offline   Reply With Quote
Old 4 November 2020, 05:23 AM   #12
It's Hedley
"TRF" Member
 
It's Hedley's Avatar
 
Join Date: Sep 2020
Location: Rock Ridge
Posts: 263
Quote:
Originally Posted by SoTaxLaw View Post
My Rolex watches never, ever pay me dividends or have any retained earnings to report. The only way I could make money with them is to find someone willing to pay more than I did. That would be speculation not investing. Fortunately, I only bought the watches to wear and enjoy. OP you’ll be happier if you just buy what you like and can afford.
My thoughts exactly!
It's Hedley is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

DavidSW Watches

OCWatches

Wrist Aficionado

Takuya Watches

OystersJubilee


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2025, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.