Watches for Investment Concidering Current Climate

[Tobyone]

My brother asked me what Rolex would a good investment to put some cash in as he wants buy one in the new year. He's looking to send £3000 to £5000. Doesn't have to be new and doesn't necessary have to increase in value just hold its value or loose as little as possible.
He has mentioned mid size Yatch Master as he has small wrists, from what I've seen pre owned owned seem to hold there value quite well, what do you guys think? And are there any other models that you can recommend, concidering it's a buyers market at the moments.
Any advice welcome.
Toby

[A. Jacobs]

just because A Rolex retains value doesn't mean it is a good investment if you're looking to make money on it. Buy one to enjoy it, and invest money somewhere you can expect to get a reasonable rate of return. I sold two subs after the 2008 price increase, and I lost money both times even though I bought them back in '06 and early '07. It would take many, many years to make a good profit on the re-sale of a Rolex. But like I already said, when you buy a Rolex it should be to wear it everyday and enjoy it as much as possible.

[buz-lh]

Mid size is limiting the market when you resell. If he likes the Yachtmaster I would suggest he look around for a nice preowned full sized. He will be apt to get more of his money back later. In this market nothing seems to be appreciating or even holding steady, so he would really have to look at this very long term. OTOH, there apparently are good deals to be had on new watches right now, but the lower the new ones sell for the lower preowned have to be. If he wants a watch that he can wear anywhere, anytime and will always have a market I would suggest he look at a Submariner Date. This is the iconic Rolex.

[chenx15]

Luxury items are not investment trust me. but base on a personal experience. the answer is yes if you buy preowned at the right price makes the chances of getting hit big time very minimal to even profitable. but remember there is no investment better than cash.

[Randy]

Buy any of the SS sports lineup-SS Daytona, GMT, Submariner at 20 percent off list-you can't go wrong!
I just had an AD give me 3400.00 for a SS sub that I purchased for 2400.00 several years ago!
Good luck with decision, now is a great time to buy a Rolex!

[yannis]

The models that have been recenlty replaced such as the Sea-Dweller and non ceramic GMT-II could be good long term investments in the 2500-3500 GBP price range.

[charliec]

Originally Posted by Randy

Buy any of the SS sports lineup-SS Daytona, GMT, Submariner at 20 percent off list-you can't go wrong!
I just had an AD give me 3400.00 for a SS sub that I purchased for 2400.00 several years ago!
Good luck with decision, now is a great time to buy a Rolex!

You find me an AD doing 20% off SS Daytona and i'll find you a pig that flies !!

[SPORTSFAN]

Hi Toby,

Plenty of good deals around in my part of Lancs.

PM me if you want me to have a look round here.....



Regards Mike

[johnford]

Need some advice about selling my Rolex Submariner in this bad economy,or should i wait...johnford

[A. Jacobs]

Originally Posted by johnford

Need some advice about selling my Rolex Submariner in this bad economy,or should i wait...johnford

If you need to sell it, just remember that a lot of people are in the same boat as you and you will most likely take a loss on it-it's a buyers market right now. keep it if you can, or you will regret it-trust me. if you have to sell your things to survive, start with the stuff you aren't very attached to

[charliec]

Originally Posted by A. Jacobs

If you need to sell it, just remember that a lot of people are in the same boat as you and you will most likely take a loss on it-it's a buyers market right now. keep it if you can, or you will regret it-trust me. if you have to sell your things to survive, start with the stuff you aren't very attached to

The wife, her car, her clothes etc etc

[SLS]

Wait to buy until after Christmas, dealers will be scrambling to get rid of excess stock.
~Scott

[A. Jacobs]

Originally Posted by charliec

The wife, her car, her clothes etc etc

Excellent idea

[f16570]

Buy to wear and enjoy, forget investments when it comes to watches.

[Rolexshirts]

Don't forget that crash is king when things gets tough, I am sure that your crash will get you a long way these days with a rolex dealer

[Randy]

Originally Posted by charliec

You find me an AD doing 20% off SS Daytona and i'll find you a pig that flies !!

Everything but SS Daytona-and they will be discounting those soon as well!
I will let you know when I get one at discount!!!

[A. Jacobs]

Originally Posted by Rolexshirts

Don't forget that crash is king when things gets tough, I am sure that your crash will get you a long way these days with a rolex dealer

Crash?

[BigHat]

Buy gold coins instead.

[DJF881]

There are a lot of people who view watches as an investment, and they're self-deluding. If you buy a new watch at a dealer, the thing depreciates 20% as soon as they put your name on the warranty card.

A few scarce models sell for more than retail on the secondary market, specifically the stainless steel Daytona and the green glass Milgauss. However, these watches have such value because dealers sell them to their best customers, so buyers can't typically obtain them without a long-term relationship with a dealer, except by paying a premium.

Rolex has been chipping away at the secondary market premium on the Daytona by raising the price, and economic pressures are likely to temper demand. If, for whatever reason, you find you can get one at retail price, flipping it for a profit may turn out to be difficult in this market.

Also, older watches tend to be hard to flip and worth less, unless they are sought after "vintage" models. If you bought a watch bearing a 2003 serial number in 2005 and sold it in 2007, it might "hold value." If you have a watch from the 80's or early 90's, even in good condition, you'd have a hard time finding a buyer.

If you want to make an investment, you can make a risk free investment in risk free certificates of deposit. If you trust Warren Buffett, equities at current prices are a bargain if you can hold course through the fluctuations and look toward the long term. Now also might be a good time to buy a house.

If you're the sort of person who is going to be sick of a watch after a year or two and you know you will be trading it toward another watch, maybe "holding value" is a relevant concern, but, in general, the money you spend on your watch shouldn't be money you need or plan to see again. This is consumer spending.

That said, the mid-size YM will likely retain less value and be more difficult to sell than other Rolex watches, because it's not very popular. Best bet is the Daytona in steel, followed by the Submariner and the GMTIIc.

[Welshwatchman]

Forget the investment angle as there is nothing that I recommend that would match the 6% he could still get (hurry) in a longer term Anglo Irish Bank Bond.

On the other hand if he gets a used SS Sub (any variety) or SD at a keen price he's not going to lose much, if anything.

[Andad]

Originally Posted by Randy

Buy any of the SS sports lineup-SS Daytona, GMT, Submariner at 20 percent off list-you can't go wrong!
I just had an AD give me 3400.00 for a SS sub that I purchased for 2400.00 several years ago!
Good luck with decision, now is a great time to buy a Rolex!

X1

But IMO buy it now as I would expect a price rise very soon.

[stevemulholland3]

if you are going to focus on watches as an investment you will first have to do a lot research to see which vintage models are typically good sellers,second you will need to realize that the watch business is a two tiered system..with the better examples fetching prices close to double that of a regular condition one..so buy the best example you can afford.

[Tobyone]

Thanks for feed back guys