Buying a Rolex because of its aftermarket value

[bluestreak]

Wow.

https://www.chrono24.com/rolex/gmt-m...id36827636.htm


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[KatGirl]

Originally Posted by Afterglow

You seem to often speak for all of us.

I give honest feedback, based on my knowledge and experience, as a long term collector and member. TRF is a Rolex enthusiast forum. If my comments bother you, hit the ignore button.

Kat


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[77T]

Originally Posted by bluestreak

I don’t even think that watch sells for 1X MSRP

True

Originally Posted by bluestreak

Wow.
https://www.chrono24.com/rolex/gmt-m...id36827636.htm

That guy is insane. He is off by $100K

Here is what anyone could get in an hour's time.




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[Roddypeepa]

Originally Posted by daysky1

Full Rose Gold GMT Brown/Black bezel

lol. Leave with a loss of thousands more like.

There a saying here: buy what you like.

And I’d add to that: what you can afford to lose.


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[Roddypeepa]

Originally Posted by brandrea

Yes, I’m having a hard time believing it myself. That said C24 pricing is aspirational at best at times.

There are listings on c24 that have been there since the peak. Bought too high and now panicking

In fact, there is a watch trader here in Hampshire, England called Swiss Watch trader. They’ve posted on social media “are you feeling lucky? Make us an offer”.

Hmm. Perhaps that 116500 that you’ve had up for months at £27500 is a millstone around your neck? Prices listed don’t equal prices sold necessarily


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[SVH]

i felt similarly about passing up a white dial daytona for a no-date sub a decade ago, but realized (i) i like that look of the sub more, which is why i got it, and (ii) wouldn't have sold it anyway, so it's secondary market value is meaningless

If profit is your motive, a lot more money to be made getting your hands on an in-demand car selling over retail than watches

[brandrea]

Originally Posted by Roddypeepa

There are listings on c24 that have been there since the peak. Bought too high and now panicking

In fact, there is a watch trader here in Hampshire, England called Swiss Watch trader. They’ve posted on social media “are you feeling lucky? Make us an offer”.

Hmm. Perhaps that 116500 that you’ve had up for months at £27500 is a millstone around your neck? Prices listed don’t equal prices sold necessarily


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I would never buy a watch at those inflated prices, but maybe there’s someone who will.

I’ve always taken c24 pricing with a grain of salt. Anyone can ask a price, but yes, it doesn’t mean that’s what they sell for. The same holds true for any secondary seller, it’s just an asking price and open for negotiation.

[Roddypeepa]

Originally Posted by brandrea

I would never buy a watch at those inflated prices, but maybe there’s someone who will.

I’ve always taken c24 pricing with a grain of salt. Anyone can ask a price, but yes, it doesn’t mean that’s what they sell for. The same holds true for any secondary seller, it’s just an asking price and open for negotiation.

Wise words and agree totally. I don’t want to see businesses fail but on the other hand their trade vs seller pricing in some cases are outrageous. A fool and his money are soon parted. A d when a used 116500 is over £27k then you get what you get. Early 2023 prices in 2025. Ok.

On those prices a £1k delta is probably fair. But a lot of companies are paying eg 10k for BLNR and asking 14/15 k. That’s not sustainable. There’s in fact an oyster BLNR up for £19k on c24. Probably been there for years.

[brandrea]

Originally Posted by Roddypeepa

Wise words and agree totally. I don’t want to see businesses fail but on the other hand their trade vs seller pricing in some cases are outrageous. A fool and his money are soon parted. A d when a used 116500 is over £27k then you get what you get. Early 2023 prices in 2025. Ok.

They’re coming back down to earth

[1665fan]

Originally Posted by Triggerfish

If you're that far out from knowing the market, it was good that you didn't buy it.

Amen

[daysky1]

If we could forget about which watch it was, and let's call it a John Mayer Daytona and it really wasn't a watch that you cared for would you buy it anyway just to flip? Or would you buy it anyway just because you knew it was valued higher than you paid for it even though it really wasn't a watch that you wanted and keep it in your collection? I won't do that just to be clear but I was wondering what you would do?

[rolexnerd]

Originally Posted by daysky1

If we could forget about which watch it was, and let's call it a John Mayer Daytona and it really wasn't a watch that you cared for would you buy it anyway just to flip? Or would you buy it anyway just because you knew it was valued higher than you paid for it even though it really wasn't a watch that you wanted and keep it in your collection? I won't do that just to be clear but I was wondering what you would do?

Buy it, wear it, and if it doesn’t resonate with you, sell it and put the profits toward something you truly love. Watch collecting can be expensive, but if you buy and sell wisely, you can acquire pieces that might have otherwise been out of reach.