Is the 116710LN depreciating?

[franzy]

I always thought the newer Rolexes (or almost all Rolexes) retained their value to within 10-15% of purchase price. I paid 22% under list for a G series last year. That same model is now for sale NOS by David for 34% under list. It just seems like this model is going down in value. A 16710 is almost near the same price as a 116710LN.

While the 116610LN and LV seem to be holding their value better. The LV really seems to be holding it's value.

I'm considering flipping my GMTiic for the Hulk. The biggest reasons why I can't justify doing it is because the GMTiic is my only Rolex, and the upgrade cost would be pretty high.

I also cracked the filling on my 24 hour (diamond shaped) marker. This will probably lower the value even more.

So my questions are, Do you guys think this model is depreciating faster than 116610LN and LV? and is it worth upgrading (would you do it).

I may have to wait 15 more years till my son turns 18 so I can pass this one down and then purchase another.