ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
17 March 2010, 02:52 PM | #1 |
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Rolex price bubble? (i.e. housing/stock market/Tulip)
I love my watches, but sometimes in the back of my mind when i plunk down
1000's+ on a new watch in the back of my mind I always wonder if it really is worth it, and always going to be a fairly high valued asset. Anyone ever wonder if prices of rolex keeps going up could it hit a bubble, where one day its just too much and the bubble pops? and people ask themselves, is <enter your fav. rolex model> really worth 1000's? What is it that sustains the high and ever increasing prices/values and can that fizzle out? |
17 March 2010, 03:38 PM | #2 |
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I buy my watches for the pure enjoyment of it all. No investment angle for me, so no worry about the bubble bursting. If it does, I'll be right here buying Valentine's collection
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17 March 2010, 03:43 PM | #3 |
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I hv kept 12 Rolex to enjoy wearing and seeing it as the collection. However, in the investment point of view, I think it's not that real good investment as gold or others but the price does increase by year as the plus or bonus to be crazy on Rolex.....
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17 March 2010, 07:33 PM | #4 |
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I didn't know one could hedge bets on Rolex watch prices and buy options today! Cheers,
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17 March 2010, 07:40 PM | #5 |
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As long as nobody shorts the watches and starts purchasing credit default swaps on them at the same time we should be okay here--just keep an eye on the spreads--if they start to widen run!
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17 March 2010, 08:04 PM | #6 |
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What sustains high prices? The madness of crowds, or demand/supply, or perceived rarity. A Comex Submariner sells for what, more than $100,000 now? A Paul Newman Daytona probably for the same. So even those watches, which might presumably have made good investments to their original owners, are arguably less attractive from an investment viewpoint today.
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17 March 2010, 08:15 PM | #7 |
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I certainly hope so! Then I can use my investments to by more of my favourite watches
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17 March 2010, 08:17 PM | #8 |
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Success in other countries, especially those with emerging economies, are creating extra demand. It doesn't matter if Americans aren't buying as many Rolexes when they're selling as many or more in Asia.
With the pathetic value of the dollar I'm surprised we haven't seen more price increases.
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17 March 2010, 09:49 PM | #9 |
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inflation will continue to drive prices up on watches and eggs...
In 10 years we will be paying $7.00 $10.00 + for items liked milk and eggs - will they be worth that price? |
17 March 2010, 10:20 PM | #10 |
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I'd diverse on my portfolio by purchasing long on crude oil & gold.
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