Residual Value of this watch? A nightmare

[RolexDivers]

hello,

Many times I have this nightmarish thought that what would happen if I bought a watch that is not well known but whose value goes into the thousands and how much woud it be worth a year down the line.

Case n point: http://www.ebay.com/itm/EDOX-CLASS-1...item23221ea3a8

I think this watch is junk compared to Rolex Sub ---- Suppose a person buys this, then what kind of financial loss that person is looking at?

[GermanyMatt]

Probably at least 4 grand imo

[kilyung]

It's got an ETA7750 movement so residual shouldn't be too bad.

[NYMike]

The issue is the design and marketing are not there. If it's 1-2k fine, but 5,500 - really? No chance when an Omega Seamaster costs that new at an AD with an inhouse movement.

Why get this over a bell-Ross, U-boat, or any other design watch, Might as well go Invicta if you like the style of that watch.

[RolexDivers]

but who would buy a watch like this??? if you buy this, you will be stuck with it
for a while.....

[MoBe]

Yuk!

[conrail]

Originally Posted by GermanyMatt

Probably at least 4 grand imo

Matt your avatar makes me smile each time I see it

[Farnsy]

i don't get what this thread about but thumbs up to the guy that said omega seamaster over this... and to me if anyone is going to spend 5,500 on THAT watch, just get a breitling for 3000 more and miss out on a vacation that year... especially if it's something you're wanting to keep your whole life... or even if it's something you wish to re-sell

[gwalker]

Originally Posted by RolexDivers

but who would buy a watch like this??? if you buy this, you will be stuck with it
for a while.....

There are people out there that have the extra cash and do drop that kind of cash on a small, relatively unknown brand like that. people that buy for the looks generally aren't really into watches and probably don't care about resale. IMHO no different in dropping thousands to tens of thousands into car mods because it's personal and the return is pennies on the dollar. That said I don't buy any watch worried about resale. That's not why I buy watches.

[77T]

Originally Posted by conrail

Matt your avatar makes me smile each time I see it

More than smile...

[77T]

On sale at Sears for $7K! that guy on eBay already proves there's a $2K drop from retail right off the bat.

[Tools]

I'm not sure of the point of this thread either..

People are free to buy what they like and want at whatever price they are willing to pay..

The idea that you must buy a watch that you can sell later and get some "money back" is almost absurd.. There are very few things like that.. try selling your expensive shoes, cars, or your wedding rings and see what sort of hit you take..

[77T]

Originally Posted by Tools

I'm not sure of the point of this thread either..

People are free to buy what they like and want at whatever price they are willing to pay..

The idea that you must buy a watch that you can sell later and get some "money back" is almost absurd.. There are very few things like that.. try selling your expensive shoes, cars, or your wedding rings and see what sort of hit you take..

You make an excellent point Larry.

Globally speaking, the real value must consider our notions of aesthetics, quality of ownership and the satisfaction we derive while having the item. The "beauty" and "harmony" of our Rolex watches is clearly appealing - who buys an ugly watch (in their own eyes)?

Who wears a watch they hate?

[kilyung]

Originally Posted by Tools

The idea that you must buy a watch that you can sell later and get some "money back" is almost absurd.. There are very few things like that.. try selling your expensive shoes, cars, or your wedding rings and see what sort of hit you take..

So true... has anyone tried selling their expensive wife?! Talk about a hit!

[bayerische]

Funny thing a "serious" watchmaker, who overhauled my Vintage Ploprof for example only had good things to say about Edox... I politely agreed, but IMHO it's nowhere close it's price design and finish wise!

When I saw them in the display I thought I was looking at 1000 euro watches, I was stunned to see the 3500 euro price tag!

[MP5]

Well it is made out of some rare thing called stainless still, so there is that.

[toph]

Originally Posted by Tools

I'm not sure of the point of this thread either..

People are free to buy what they like and want at whatever price they are willing to pay..

The idea that you must buy a watch that you can sell later and get some "money back" is almost absurd.. There are very few things like that.. try selling your expensive shoes, cars, or your wedding rings and see what sort of hit you take..

Well said,

It seems people these days need the price of everything but understand the value of very little

[Feras]

Originally Posted by NYMike

The issue is the design and marketing are not there. If it's 1-2k fine, but 5,500 - really? No chance when an Omega Seamaster costs that new at an AD with an inhouse movement.
X2

Why get this over a bell-Ross, U-boat, or any other design watch, Might as well go Invicta if you like the style of that watch.

agree with you

Originally Posted by MoBe

Yuk!

Sent from my GT-N7000 using Tapatalk 2

[caryyee]

The great majority of people on TRF probably buy expensive cars, the loss on some of them when you drive it out of the dealership would fund some pretty nice Rolex's! People don't give much of a thought to that, so why the need to comment on a person's watch choice?

[capote]

Originally Posted by Tools

The idea that you must buy a watch that you can sell later and get some "money back" is almost absurd..

I agree, too much focus on re-sell value. Focus on the watch you want to wear the next 30 years instead.

[asadtiger]

Originally Posted by Tools

I'm not sure of the point of this thread either..

People are free to buy what they like and want at whatever price they are willing to pay..

The idea that you must buy a watch that you can sell later and get some "money back" is almost absurd.. There are very few things like that.. try selling your expensive shoes, cars, or your wedding rings and see what sort of hit you take..

Larry, my friend, that is the sane, old-school reply of TRF...where is that old comraderie spirit around here man?!..we dont criticise people's purchases or choices, we only have different tastes, and we appreciate that humans have an ejoyably diverse variety of tastes :)

May be we think it is too expensive and someone will take a hit when re-selling it, but MANY out there do not re-sell or rtade watches as often as we do. We may be hurt that companies charge exorbitantly for their products, but that is how businesses are. the buyer is responsible for his choices and his research :)

I must add that I do not like most designer huge watch styles, but I did kinda like the playfulness of this design ;)

[matodino]

hi, to answer your question I have this watch but with green hands, nice piece, if you ever feel tempted I can sell it to you for way under retail. 3k to be exact. my loss is your gain

Originally Posted by RolexDivers

hello,

Many times I have this nightmarish thought that what would happen if I bought a watch that is not well known but whose value goes into the thousands and how much woud it be worth a year down the line.

Case n point: http://www.ebay.com/itm/EDOX-CLASS-1...item23221ea3a8

I think this watch is junk compared to Rolex Sub ---- Suppose a person buys this, then what kind of financial loss that person is looking at?

[sierra11b]

This is why buying what you really want is very important and should be considered over residual value. If you want to buy this watch, a U-boat, or blinged-out G-shock at retail, then be sure it's something you intend to keep!

[sierra11b]

Even big names have to be careful if they offer a designs just too far ‘out there’ and/or way overpriced.

Zenith offered the Xtremes at outrageous prices and designs that weren't well received by many. And while the movements inside were great and I'm sure the quality was fantastic; they reminded me of what a metal g-shock would be.

I imagine of the few who bought them they could afford the huge hit on resale or would have no reason to get rid of the piece as it sat in their sock drawer. I remember seeing a couple being sold in the past and their asking price was worse than the depreciation of a brand new car that got sideswiped right off the dealer floor. I’m not even sure they sold for those prices but imagine they got an even lower offer if they did.