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#1 |
"TRF" Member
Join Date: Oct 2020
Location: Canada
Posts: 2
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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! |
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#2 |
Banned
Join Date: Apr 2020
Location: here AND there...
Posts: 2,240
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watches are not an investment...
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#3 |
"TRF" Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,958
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__________________
If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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#4 | |
"TRF" Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,958
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Quote:
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) |
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#5 |
Banned
Join Date: Apr 2020
Location: here AND there...
Posts: 2,240
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I just did...
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#6 |
"TRF" Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,958
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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) |
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#7 |
2025 Pledge Member
Join Date: Oct 2017
Location: nyc
Posts: 6,978
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not that datejust, not at that price
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#8 |
"TRF" Member
Join Date: Oct 2011
Real Name: Seth
Location: nj
Watch: Omega
Posts: 24,958
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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) |
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#9 |
2025 TitaniumYM Pledge Member
Join Date: Aug 2009
Location: New England
Posts: 3,778
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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.” |
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#10 | |
Banned
Join Date: Oct 2020
Location: USA
Posts: 10
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Quote:
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#11 |
"TRF" Member
Join Date: Feb 2019
Real Name: Scott
Location: USA
Watch: 114060
Posts: 337
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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.
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#12 | |
"TRF" Member
Join Date: Sep 2020
Location: Rock Ridge
Posts: 263
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Quote:
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