ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
|
14 May 2019, 01:20 AM | #1 |
"TRF" Member
Join Date: Apr 2019
Location: Hong Kong
Watch: 16710 16610LV
Posts: 115
|
Rolex as an asset or not
My apologies if this conversation has been had before, i have searched and looked back a couple of months but nothing sprang out.
I’ve seen a lot of debate on the rising prices and many TRF members have referred to their watches as assets. To give my own tuppence, i purchased my watch in the hope that i will never have to sell it. If i did, it would be due to extreme changes of circumstance only. That said, when i set out to buy it, i did look for a complete set in order to ‘future proof’ myself as far as possible (i also assuaged my wife’s concerns by saying it’ll be worth something if we need it). I guess my question to the group is, how do you view your watch(es)? As a joy to own and you’ll keep it/them come hell or high water; as an attractive investment, but an investment nonetheless; or in another way? Many thanks, |
14 May 2019, 01:24 AM | #2 |
"TRF" Member
Join Date: May 2017
Location: Scottsdale, AZ
Posts: 104
|
I view them as a tool and something I enjoy. Just like any of my possessions, I won't buy anything I can't afford to pay for with cash. If my world goes crazy I will sell what I have to to live but that is a long way away....hopefully.
|
14 May 2019, 01:27 AM | #3 |
"TRF" Member
Join Date: Dec 2016
Location: Austin, TX
Posts: 18
|
I buy watches to wear them. There are better ways to invest money. I'm not knocking those who do purchase as investment pieces, but I could never buy a watch just to leave it in a box with the intent to resell later at a profit.
|
14 May 2019, 01:33 AM | #4 |
"TRF" Member
Join Date: Aug 2018
Location: SF Bay Area
Watch: OP 39 White
Posts: 118
|
|
14 May 2019, 01:45 AM | #5 |
2024 SubLV41 Pledge Member
Join Date: Sep 2015
Real Name: Richard
Location: GA
Watch: YTBD
Posts: 23,480
|
I have never bought one as an investment. I’ve bought with the knowledge that they’re “safe” not to lose money, or very little, (ex: 4 digit Daytona) but never as an investment to make money. Like others have said...there are way better ways to “invest” money. These certainly aren’t going to fund your retirement plans.
|
14 May 2019, 02:10 AM | #6 | |
"TRF" Member
Join Date: Apr 2019
Location: Hong Kong
Watch: 16710 16610LV
Posts: 115
|
Quote:
|
|
14 May 2019, 02:24 PM | #7 |
"TRF" Member
Join Date: Jul 2018
Location: Seattle
Watch: 16613 / 126600
Posts: 446
|
|
16 May 2019, 06:49 AM | #8 |
"TRF" Member
Join Date: Oct 2009
Real Name: Kenny
Location: northern ireland
Watch: SDs, Subs & GMTs
Posts: 5,136
|
Totally.....wear them and enjoy them.......don't get too wrapped up in the investment end of things!
|
14 May 2019, 01:28 AM | #9 |
"TRF" Member
Join Date: Oct 2017
Location: Houston
Posts: 2,649
|
In the purest sense, an "asset" is just a valuable thing. So yes, expensive wristwatches are assets. Some, however, look at them as "investments," which seems silly to me. I'm more in the camp of if I get to a enjoy a beautiful item that I can later flip without losing too much money, I'm happy. Looking at them as an investment would ruin the fun.
|
14 May 2019, 09:15 AM | #10 | |
"TRF" Member
Join Date: Jul 2015
Real Name: Ty
Location: West Coast
Watch: the time fly!
Posts: 1,493
|
Quote:
|
|
14 May 2019, 01:49 AM | #11 |
"TRF" Member
Join Date: Nov 2013
Real Name: Richard
Location: UK
Watch: Tudor Ranger
Posts: 1,613
|
Definitely an asset.
|
14 May 2019, 01:49 AM | #12 |
2024 SubLV41 Pledge Member
Join Date: Jan 2018
Location: USA
Watch: YM42 Ti
Posts: 2,645
|
It is an upside to a collection but not the reason I first purchased.
__________________
Official Member "WIS-CON" Las Vegas International GTG 2019 |
14 May 2019, 01:51 AM | #13 |
"TRF" Member
Join Date: Jul 2017
Location: California
Watch: Shiny One
Posts: 5,446
|
No.
|
14 May 2019, 01:54 AM | #14 |
"TRF" Member
Join Date: Feb 2019
Location: Scotland
Posts: 191
|
If you own one whether you are filthy rich or not, I would still say it is an asset.
We all want watches that we like the look of or enjoy, so that is my first thought on it. |
14 May 2019, 01:58 AM | #15 |
"TRF" Member
Join Date: Apr 2016
Location: 1 of 13 Colonies
Posts: 8,574
|
Rolex as an asset or not
I buy not as investment
I buy to wear with expectations that the cash is gone and no longer available to use. I assume watch purchases are a sunk cost However it is an asset that If push came to shove and I had to liquidate and it made financial sense I would add to the cash reserves as a bonus but not counting on it at all Sent from my iPhone using Tapatalk |
14 May 2019, 11:21 AM | #16 | |
"TRF" Member
Join Date: Jan 2019
Location: Nova Scotia
Watch: 116710LN
Posts: 32
|
Quote:
|
|
14 May 2019, 02:03 AM | #17 |
"TRF" Member
Join Date: Oct 2017
Location: East coast
Posts: 6,660
|
I would say a handful of NOS SS Daytona’s would be a good start to a retirement plan...
|
14 May 2019, 04:00 AM | #18 |
"TRF" Member
Join Date: Feb 2014
Location: Middle West
Posts: 1,077
|
|
14 May 2019, 05:23 AM | #19 |
"TRF" Member
Join Date: Feb 2019
Location: USA
Watch: What I am wearing.
Posts: 1,879
|
I have my collection insured, so it is of course an "asset," but it isn't an investment.
__________________
Rolex │ H. Moser │ F.P. Journe │ Audemars Piquet │ Patek Philippe _______________________________ "I'm not playing hard to get, I'm playing hard to want." |
14 May 2019, 12:45 PM | #20 |
"TRF" Member
Join Date: May 2019
Location: Taiwan
Watch: Rolex Explorer MK2
Posts: 5
|
|
14 May 2019, 12:52 PM | #21 |
2024 Pledge Member
Join Date: Apr 2011
Real Name: Fred
Location: NYC/NJ Metro Area
Watch: Rolex
Posts: 8,512
|
It’s a friend with benefit..
|
15 May 2019, 01:02 PM | #22 |
2024 Pledge Member
Join Date: Jan 2013
Location: USA
Posts: 6,251
|
|
15 May 2019, 04:32 AM | #23 |
2024 SubLV41 Pledge Member
Join Date: Apr 2013
Location: NL
Watch: Yachtmaster
Posts: 14,745
|
Grown up toys
__________________
Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711. |
15 May 2019, 07:34 AM | #24 |
Banned
Join Date: Mar 2017
Location: IL
Watch: I like watch
Posts: 753
|
|
26 December 2020, 10:18 PM | #25 |
"TRF" Member
Join Date: Jan 2020
Location: Pennsylvania
Posts: 700
|
|
14 May 2019, 02:04 AM | #26 |
TechXpert
Join Date: Feb 2009
Real Name: Scott
Location: London
Posts: 2,242
|
It’s definitely an asset.
Not all assets appreciate in value though. |
14 May 2019, 09:34 AM | #27 |
"TRF" Member
Join Date: Apr 2018
Real Name: Tom
Location: Arizona
Posts: 401
|
Exactly. Absolutely an asset and it is fairly easy to covert it to cash. I am sure some view as an investment as well. Although, I would grade it as highly speculative and there is nothing that says an investment has to increase in value. That why we put “bad” or “good” in front of it.
|
14 May 2019, 02:12 AM | #28 |
Banned
Join Date: Jan 2018
Real Name: Billy Dill
Location: Denver, CO
Watch: Explorer
Posts: 267
|
Investment: No. Asset: Yes.
Insofar as it is something of value that you own outright and can be exchanged for cash if needed - yes, it is definitely that. |
14 May 2019, 02:15 AM | #29 |
"TRF" Member
Join Date: May 2016
Location: NE
Posts: 2,898
|
No one will be buying rolex if it dropped 50% immediately after you bought it. So while we all like to say they are not investments (and I agree), all of us enjoy the piece of mind of keeping money relatively secure in rolex watches.
__________________
Instagram @awristcheck |
14 May 2019, 02:25 AM | #30 |
"TRF" Member
Join Date: Nov 2017
Location: Istanbul
Posts: 211
|
I have 3 Rolex watches and i wear them all , never think to sell them . I am a jeweler and if i need some money , thanks god i have many other things in my shop to sell until my personal watches..
But IMO , it is very interesting that some people (Btw many of our TRF members) they don't accept Rolex watches as investment ... Sorry but if you are clever , lucky and have enough money to effort , for example , if you manage to bought few Ceramic SS Daytonas , Blue SS Sky Dwellers or BLNR .. BLRO what ever from MSRP prices and keep them as a merchandise not as a tool or toy or watch to wear , it will be a good small investment ! Who can say no ? Every single day prices of that mentioned Rolex watches going higher and higher , isn't it ? What is the difference between buying some stock or buying that famous reference Rolex watches ? ( If you look them as investment not as a watch to wear ) Ofcourse it is also about your budget .. as an investment you can buy a land for 200.000 USD or 2.000.000 USD ... you spend on Rolex watches 10.000 USD someone can spend on them half million... Why many people shy to accept this ? Aren't you buying Rolex because it is reliable , trustable and beautiful time pieces ? (Ps: Apologize for my poor English as it is not my native language ) |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.