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21 November 2024, 02:48 PM
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#1 |
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"TRF" Member
Join Date: Jun 2021
Location: Boise
Watch: Thunderbird
Posts: 8
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Datejust, always safe to invest in?
I’ve currently got two different style Datejusts, and was recently talking to a collector. He was saying with the market going the way it is, investing in datejusts is a safe bet. It’s a classic Rolex model, affordable, and will always be a good investment, a safe investment ….
But I’m looking to maybe get a different style for my 3rd Rolex. Not sure what other model would fall under those same categories. Was thinking maybe an Explorer 1, or maybe spend a few extra and go with a sub. Thoughts? |
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21 November 2024, 04:38 PM
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#2 |
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"TRF" Member
Join Date: Nov 2023
Location: Singapore
Posts: 41
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Datejusts are not rare and most trade below retail depending on the configuration. Why would you think they are a “good investment”?
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21 November 2024, 04:39 PM
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#3 | |
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"TRF" Member
Join Date: Apr 2019
Location: California
Watch: GMT BLNR
Posts: 1,501
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Unique datejusts can be great investments. Which datejusts are you talking about though? by SKU, there's literally over 2500 size, bracelet, bezel, dial combinations through the history of Rolex. SKUs easily be in the tens of thousands.
If you're talking about a run-of-the-mill 36mm datejust, it is a good investment like buying and wearing more professional clothes for an interview to help make you feel more confident. Investing in how you feel so that hopefully you perform better. Or, you own a pawn shop and people are selling their dead dad's to you for $1500-3000 so that you can service them, lightly polish and flip on 47th street for $4500. If you're talking about actual investment grade ones, here are two examples. Here are 2 datejusts that recently did extremely well in the November 2024 Phillips Auction: $88,900CHF Red Jasper 1601. $120,650CHF Lapis Lazuli 1601 full white gold on day date bracelet My conclusion for you is, yes go buy it if you feel like it. Quote:
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21 November 2024, 04:40 PM
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#4 |
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"TRF" Member
Join Date: Feb 2020
Location: Underground
Posts: 2,638
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 Don’t listen to your friend. P.S. You’re buying your third Rolex for the wrong reasons if investment is your criterion. |
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21 November 2024, 04:46 PM
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#5 |
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2024 SubLV41 Pledge Member
Join Date: Jul 2012
Real Name: Kat
Location: CA, USA
Watch: 126233 Wimbledon T
Posts: 7,136
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 The majority of us are here because we love mechanical watches and we love the Rolex brand. We buy watches we want to see on our wrists. We don’t think about them as investments. I certainly don’t. Kat Sent from my iPad using Tapatalk |
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23 November 2024, 04:38 AM
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#6 | |
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"TRF" Member
Join Date: Apr 2022
Real Name: Art Vandelay
Location: Flavortown, USA
Watch: RolexGS
Posts: 105
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Quote:
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23 November 2024, 09:41 AM
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#7 | |
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"TRF" Member
Join Date: Oct 2019
Location: Traffic
Watch: DW-5600BB
Posts: 2,889
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Quote:
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21 November 2024, 05:00 PM
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#8 |
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"TRF" Member
Join Date: Nov 2019
Location: CA
Posts: 63
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Goodness gracious, no. With the market going the way it is, we are headed into a challenging time, even for Rolex. Prices of each model are down across the board, with some exceptions, and first and foremost on the drop are the easier to acquire, such as datejusts.
Rolex are not a safe bet, and I would never trust a friend telling you that. This might be hard for your friend to admit, but nobody knows the future. So no, it's not a safe bet. You know what is a safe bet though? Buying a watch because you love it. If you want a new Rolex, buy the one that speaks to you OP! Personally, I LOVE vintage 5 digit 36mm DJs but cannot stand the current ones. So I buy what I like, including other really interesting brands to round out my collection. Hope this common response you will get to your question helps. We've been there, don't make the mistakes that some of us have! Sent from my SM-S916W using Tapatalk |
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21 November 2024, 05:03 PM
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#9 |
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"TRF" Member
Join Date: Jan 2015
Real Name: Knackers
Location: NI/Aust/USA
Watch: and wait
Posts: 3,276
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Reach out to Padi.
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The educated often only know what they have read or been lectured on. |
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21 November 2024, 05:09 PM
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#10 |
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2024 Pledge Member
Join Date: Jan 2014
Location: london
Posts: 6,140
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In the long term they will be worth more than you paid for them. But, there are better investments.
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@imrootbeer7 |
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21 November 2024, 05:20 PM
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#11 |
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"TRF" Member
Join Date: Feb 2022
Location: Switzerland
Posts: 296
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A Datejust can be a store of value (at best) not an investment to make a significant profit.
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21 November 2024, 05:30 PM
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#12 |
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2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jan 2018
Location: Florida
Watch: Sub, DJ41, GMT
Posts: 8,172
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Datejust, always safe to invest in?
I have one because it’s one of my favorite watches. I don’t buy any watches for investment purposes. But any Rolex is a safe buy since they generally don’t depreciate in value. Many actually appreciate in value. And a Submariner is much better than a DJ from that perspective.
Sent from my iPhone using Tapatalk |
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21 November 2024, 06:10 PM
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#13 |
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2024 Pledge Member
Join Date: Jul 2017
Location: London
Posts: 431
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No watches are investments, including Rolex.
The value from new will drop immediately by 20%, and then over 20 years go to around 25% of original purchase value. Thats taking into account inflation and being kind. You buy a watch to enjoy it and/or as a status symbol (lets be honest), but not as an investment You can invest in vintage watches, but to do this you need to buy them excessively cheap (e.g. from estates, bankruptcies, badly attended auctions, etc.) and you REALLY need to know your subject. For example why a 1973 seamaster with tritium tubes (which are difficult to spot on the dial unless you know what you are looking for) are worth 50% less then ones without. And its a fashion thing, the value can flip in a year. |
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21 November 2024, 06:58 PM
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#14 | |
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"TRF" Life Patron
Join Date: Jun 2005
Real Name: Peter
Location: Llanfairpwllgwyng
Watch: ing you.
Posts: 53,028
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Quote:
__________________
 ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder 
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23 November 2024, 04:54 AM
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#15 | |
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"TRF" Member
Join Date: Sep 2021
Location: SFO
Posts: 1,242
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Quote:
Omg another one... We can't all be deepsea welders last time I checked... But please do enlighten us with the tale once more |
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21 November 2024, 07:07 PM
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#16 | |
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"TRF" Member
Join Date: Apr 2019
Location: LHR-HKG
Watch: give me time...
Posts: 859
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Quote:
Sounds like the collector moonlights as an used watch dealer too.... 
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First watch since age 7 (red digital) and addicted ever since! |
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21 November 2024, 08:06 PM
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#17 |
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2024 SubLV41 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 77,759
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I think you should get a Le Mans Daytona, now there’s an investment.
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21 November 2024, 08:48 PM
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#18 | |
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2024 Pledge Member
Join Date: Apr 2018
Real Name: Harry
Location: England
Posts: 10,628
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Quote:
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21 November 2024, 08:51 PM
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#19 |
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2024 SubLV41 Pledge Member
Join Date: Aug 2009
Real Name: Travis
Location: FL / NYC
Watch: Yes..
Posts: 33,409
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Buy what you want to wear and what makes you happy.
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21 November 2024, 08:08 PM
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#20 | |
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2024 SubLV41 Pledge Member
Join Date: Dec 2010
Real Name: PaulG
Location: Georgia
Posts: 41,906
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Quote:
Buy NVDA on the dip. That's an investment. Maybe sell one of the DJ's to fund that. Buy the Sub, you'll love it. Sent from my iPhone using Tapatalk Pro
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Does anyone really know what time it is? |
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21 November 2024, 11:44 PM
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#21 | |
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"TRF" Member
Join Date: Dec 2022
Real Name: G
Location: Illinois
Watch: 5513
Posts: 1,631
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Quote:
I have several DJ's. All are worth more than I paid 30-40 years ago. But the money I invested in the stockmarket in the same time period is funding my retirement now. What I could profit on the sale of all my DJ's would not fund a family vacation in Florida. |
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21 November 2024, 08:25 PM
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#22 |
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2024 Pledge Member
Join Date: Apr 2018
Real Name: Harry
Location: England
Posts: 10,628
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You never invest in a watch unless you're investing in lifelong ownership pride and enjoyment. If you're considering doing if for money, don't.
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21 November 2024, 08:42 PM
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#23 |
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"TRF" Member
Join Date: Aug 2019
Real Name: Martin
Location: England
Watch: Sea Dweller
Posts: 3,105
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A watch is to tell the time not to invest in.
Just my 10p's worth of opinion.
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Martin Small Rolex, Omega, Seiko and Oris Collection |
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21 November 2024, 08:47 PM
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#24 | |
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2024 Pledge Member
Join Date: Jul 2017
Location: London
Posts: 431
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Quote:
If you want to tell the time a £10/$10 digital watch from amazon is much more accurate and much more durable. Or just look at your phone  These things are jewelerry. Why men are more interested in them then women, is simply that men have tended to have, or be interested, in fewer jewellery options then women. saying that I have thinking of buying a wedding ring. I never had one before but there is a cool palladium one with diamonds in black friday 
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21 November 2024, 09:49 PM
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#25 |
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2024 Pledge Member
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 21,014
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Get something special because you love it and want to wear it daily. Everything else is pure speculation.
__________________
__________________ ----> TAMPA Meetup In December 2024 <---- https://www.rolexforums.com/showthread.php?p=13450519 Love timepieces and want to become a Watchmaker? Rolex has a sensational school. www.RolexWatchmakingTrainingCenter.com/ Sent from my Etch A Sketch using String Theory. |
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21 November 2024, 10:30 PM
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#26 |
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2024 SubLV41 Pledge Member
Join Date: Nov 2010
Location: North Carolina
Watch: Rolex/Others
Posts: 47,587
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Some will tell you a watch is not an investment and they are wrong. It is an investment if you define it as such. It is just not typically a good one for immediate returns. You can invest in anything depending on what you want to call an investment and how you identify your return. Is the return monetary? Is it the enjoyment of ownership and wear? Is it both and more? On anything we are looking at putting our money, or time, into one of the keys is what you pay and how long you hold before you sell. Buy a Rolex now at a fair price on a desirable model and wear it for the next decade and don't abuse it and more than likely it will be worth more than you paid for it. But how do you define the pleasure of ownership. Buy that Submariner, wear it and enjoy it. The money will work itself out. Just my thoughts.
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21 November 2024, 11:00 PM
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#27 |
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2024 SubLV41 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 77,759
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I’m changing my answer in light of what banana artwork is now selling for.
 Rolex are excellent investments. |
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21 November 2024, 11:20 PM
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#28 |
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"TRF" Member
Join Date: Aug 2017
Location: UK
Watch: Slim wrist master
Posts: 678
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Store of value, yes (minus missed investment opportunity).
I bought a Rolex Date, 15200 in 2002 for £1700. Sold it 2017 for £2500. Today's value probably £3500 - £4000. Over the years generally a Rolex will keep its value in comparison to inflation but it's definitely not an investment. Of course fashions can change and maybe in 15-20years no one wants mechanical watches Sure, get some for diversification in your whole portfolio but it should only be 1-4% of an entire stock, bond, gold, crypto, real estate etc portfolio. As others have said, only buy what you love and will bring you joy. Sent from my LE2113 using Tapatalk |
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22 November 2024, 12:10 AM
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#29 | |
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2024 SubLV41 Pledge Member
Join Date: Dec 2010
Real Name: PaulG
Location: Georgia
Posts: 41,906
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Quote:
Yeah - I saw that gain - from $[emoji   [emoji[emoji6 ]][emoji[emoji6][emoji6 ]]][emoji[emoji[emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6]]]][emoji[emoji[emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6]]]][emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6][emoji6]]]][emoji[emoji6][emoji6]][emoji[emoji[emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6]]]][emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6][emoji6]]]]][emoji[emoji[emoji6]][emoji[emoji6]]]K to $[emoji[emoji[emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6]]]][emoji[emoji[emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6]]]][emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6][emoji6]]]][emoji[emoji6][emoji6]][emoji[emoji[emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6]]]][emoji[emoji[emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6]]]][emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6][emoji6]]]][emoji[emoji6][emoji6]][emoji[emoji[emoji6][emoji6]][emoji[emoji[emoji6]][emoji[emoji6]]]]]]MM+And it was an NFT if I read it correctly. Sent from my iPhone using Tapatalk Pro
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Does anyone really know what time it is? |
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22 November 2024, 12:12 AM
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#30 |
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2024 SubLV41 Pledge Member
Join Date: Dec 2010
Real Name: PaulG
Location: Georgia
Posts: 41,906
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Another emoji storm.
TapaTalk tech engineer is still trying to track these down...I think I'll just leave that one "as is" Maybe I can auction it off... Sent from my iPhone using Tapatalk Pro
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Does anyone really know what time it is? |
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