Who said that Rolex are not investments. Not this article..

[Gaijin]

http://money.msn.com/how-to-invest/c...ntid=250282405


Arrow over to page 3.

[HRV]

interesting read
i guess we TRFers know that already

[77T]

Modern Rolex isn't. Key point: rarity...from the article:

What to keep in mind: Watches are all about the brand, with Rolex and Patek Philippe being two of the most prized, say the experts. After you've settled on a brand, focus on models with a degree of rarity and with noteworthy features -- often referred to as "complications" -- such as alarms and wind indicators.

Also look at factors such as condition and provenance: "The closer you get to original with all available elements, including original boxes, packaging and paperwork, the more the watch will be worth," says Doug Gamble, a partner with Watch Auction HQ in Portland, Ore. He adds that collectors should be on the lookout for fakes -- either the whole watch or a main part of it.

[tattooedfagin]

Originally Posted by 77T

Modern Rolex isn't.

not if you plan to flip it within a short period, a 2005 Daytona would have cost $6500 RRP, current price is $12,000 & a good pre-owned example from TRF will fetch $9k +, not enough to retire on but any profit's a good one

[JP Chestnut]

Originally Posted by tattooedfagin

not if you plan to flip it within a short period, a 2005 Daytona would have cost $6500 RRP, current price is $12,000 & a good pre-owned example from TRF will fetch $9k +, not enough to retire on but any profit's a good one

How many services would you need to have had performed in the 7 (almost 8) years since that watch was purchased? I assume you would have insurance on a watch as well. It's one thing to say that you won't lose money on a watch, but it's another to say it's any sort of an investment. When you factor in the time value of money it makes even less sense.

Buy watches because you like them - no other reason is rationally justifiable for "made in the millions" modern Rolex.

[Bulldurham08]

Love writers that justify my outlandish purchases ; )

[Gaijin]

Originally Posted by Bulldurham08

Love writers that justify my outlandish purchases ; )

Haha! Exactly..

[Camel]

Originally Posted by Bulldurham08

Love writers that justify my outlandish purchases ; )

I feel a lot better about my recent purchase of a Rolex 116523 Daytona TT, after reading this article.

[slvrbulletv6]

Too bad articles such as these are referring to vintage/collectible (Rolex and Patek) watches. Although, it Rolex constant price increase sure makes it easier to buy a new Rolex now.

[Foxer55]

I am buying watches as real equity if nothing else and later profit if possible. Some here have dismissed this but, eh, I did OK when I bought Apple and people said it wasn't such a good idea. Nevertheless, note clearly what the author of this article wrote: "A sought-after Rolex with the proper paperwork "can be taken to any major city in Russia, South America, India and now China and turned directly into cash," says Edward Faber, a watch dealer with New York's Aaron Faber Gallery." I would buy an appealing vintage Rolex but only with paperwork or evidentiary history and some watch sellers (Torneau) claim they won't include paperwork because of privacy concerns/laws.

[beshannon]

Originally Posted by Foxer55

Nevertheless, note clearly what the author of this article wrote: "A sought-after Rolex with the proper paperwork "can be taken to any major city in Russia, South America, India and now China and turned directly into cash," says Edward Faber, a watch dealer with New York's Aaron Faber Gallery."

I do not understand this?

You can do the same in any major city in the US. Not sure what the point is?

[Tudor66]

Originally Posted by Foxer55

I am buying watches as real equity if nothing else and later profit if possible. Some here have dismissed this but, eh, I did OK when I bought Apple and people said it wasn't such a good idea. Nevertheless, note clearly what the author of this article wrote: "A sought-after Rolex with the proper paperwork "can be taken to any major city in Russia, South America, India and now China and turned directly into cash," says Edward Faber, a watch dealer with New York's Aaron Faber Gallery." I would buy an appealing vintage Rolex but only with paperwork or evidentiary history and some watch sellers (Torneau) claim they won't include paperwork because of privacy concerns/laws.

I have bought Rolex watches to wear primarily, but I have recently considered the long term investment potential.

In terms of paperwork, only my most recent purchase has paperwork. When I took a non-documented 16800 to a watch show, I had several offers that would have yielded a great profit. So paperwork is a nice item to have, but people who buy and sell lots of Rolex watches seem to be ok buying without paper

[FremStar]

Mmmmmm! Gold Oyster Paul Newman comes ro mind! Thanks Tom for this article!

[Foxer55]

Tudor66,

So paperwork is a nice item to have, but people who buy and sell lots of Rolex watches seem to be ok buying without paper

Paperwork would probably increase your profit a bit.

[Tudor66]

Originally Posted by Foxer55

Tudor66,
Paperwork would probably increase your profit a bit.

Agreed, original paper on these other watches would help me.

How about recent service paperwork, it has the serial number listed on it?
I am wondering if service paperwork is as good as original warranty paperwork on a vintage watch...

From what I've seen in my one year of Rolex interest, only a small percentage of vintage watches have original warranty paperwork...

[Tudor66]

Originally Posted by Tudor66

Agreed, original paper on these other watches would help me.

How about recent service paperwork, it has the serial number listed on it?
I am wondering if service paperwork is as good as original warranty paperwork on a vintage watch...

From what I've seen in my one year of Rolex interest, only a small percentage of vintage watches have original warranty paperwork...

Then there is the price difference:

I found a nice condition Red Sub with no paperwork for $7k, and I have a friend with a very good condition RedSub with all receipts and warranty paper which believes is worth $12k - $14k....

I almost bought the redsub, though I need to learn more before buying an expensive vintage Rolex...

[Foxer55]

beshannon,

I do not understand this?

Don't understand what?

[landroverking]

thanks for posting. The truth is very few Rolexes should be consider as investments, and those that are maybe hard to enjoy.

[ronbo710]

... vintage will very soon include the smaller cased models before Rolex went all JUMBO. I am not a big fan of this trend and I think the prices will begin to escalate on their earlier models (40mm and smaller). I think part of the charm of the 50's and 60's divers models is their rather diminutive size. Just my

[Foxer55]

JP Chestnut,

It's one thing to say that you won't lose money on a watch, but it's another to say it's any sort of an investment.

Its definitely equity. It could be an investment. Its all about the risk. You won't risk losing money (provided you don't abuse it) but you do risk not making a profit. What's the difference, how are your stocks and savings doing by comparison and can you wear them or liquidate them immediately?

[RolexDivers]

It is a better place to put your $$ than the bank ----

[Foxer55]

Tudor66,

Then there is the price difference:

I found a nice condition Red Sub with no paperwork for $7k, and I have a friend with a very good condition RedSub with all receipts and warranty paper which believes is worth $12k - $14k....

I almost bought the redsub, though I need to learn more before buying an expensive vintage Rolex...

By the looks of the comments on this fora I don't believe people here understand "provenance" or its purpose and value. Maybe that would be a good topic for discussion and edumacation.