Anyone else follow the Rolex market like the stock market??

[bp1000]

Originally Posted by Eric-London

If anyone has a large Rolex collection (lets say £100k +) and say they don't follow what Rolex prices are doing, they're not being truthful.

Even though I don’t follow watches like the stock market, I certainly agree with your posts here

Watches are an obsession / hobby. I collect and part of that is finding great watches at good prices.

I’m always keen to know the value and if my collect dropped drastically in value there is no way I would be spending such vast sums of money on watches.

I’m content that when I’m gone, my family or my kids can sell my collection, hopefully keeping a piece of 2, and release some cash that they can put into their own lives.

My investments only happen in my company and my time. I can control those.

Stock markets and the likes get very small amounts of my attention and time. I may as well p**s in the wind.

[TimeToWatch]

I think the stock market is an interesting parallel. I follow the stock market on a daily basis, despite knowing that at 29 I would be doing myself a disservice to try and time the market by selling. It is in my best interest to buy and hold for as long as possible. Despite that being the logical course of action, I can't help but watch the market. When a stock I fundamentally like sells off, I'm happy because I want to buy more.

In the Rolex world, I think things are largely the same. I have no plans on selling my watches anytime soon, but am curious as to their worth. The biggest benefit I derive from following the market is knowing when to buy, not when to sell.

[watchwatcher]

Originally Posted by Eric-London

I don't plan on dying either. But it will happen.

My collection (however large or small later in my life, hopefully a lot later) will be passed on to my kids. I shouldn't care about what's what?

I'm so sick of this faux stance from folks saying the same old nonsense, ie, there are better investments yada yada, you shouldn't buy watches to invest etc etc.

Most of us don't. We buy because we like and enjoy these pieces. However, many of these pieces cost £10-20k which is a lot of money for most people. And most logical people don't really want to take a bath and lose there nuts if they want to get out of a few pieces and maybe pick up something else. Hence keeping an eye on the market.

I agree. Unfortunately, my "later in life" is pretty much now.

I want to be fair to my kids and keep the value of whatever I pass on to be reasonably equal. The last thing I want is there to be hurt feelings when I'm gone, or an executor to my estate wondering just what all these watches left behind are worth.

And I agree...my watch collection is not an investment in any way shape or form. It's not a portfolio or real estate holdings. But, there is value there, and anything of value needs to be dealt with in regards to estate planning.

So yeah, I keep an eye on Rolex pricing. And from all the conversations here on TRF where pricing and trading this for that are discussed ad nauseum, I don't think I'm the only one.

[Solo118]

I just gave up because things got ridiculous.... I am no longer in the market for watches like I once was due to this.

[Eric-London]

Originally Posted by bp1000

My investments only happen in my company and my time. I can control those.

Yep, same here. That and London property!

But I do like to check over my shoulder every now and again to see where my watch money is.

And what I'm saying is those who have a decent watch collection and say they're not bothered about values are not talking much sense.

[Pw92676]

Yes, I do. Not often or prolonged, maybe once a month or so for about 10-15 minutes. Do the same with th market. Doesn’t change what I do whatsoever, but just to keep myself in the loop.

[Eric-London]

Originally Posted by Pw92676

Yes, I do. Not often or prolonged, maybe once a month or so for about 10-15 minutes. Do the same with th market. Doesn’t change what I do whatsoever, but just to keep myself in the loop.

Yep and theres nothing wrong with that IMO.

[brandrea]

About the only thing I’m interested is paying retail price new from AD

[aleeboy]

The Stock Market is a lot more interesting than the Rolex market, so, no.

[joli160]

I don't care at all what my watches are worth or might be one day. I just like to wear them and keep them.
Too many gold diggers around expecting to make a fortune on used jewellery, rather funny

[Eric-London]

Originally Posted by joli160

I don't care at all what my watches are worth or might be one day. I just like to wear them and keep them.
Too many gold diggers around expecting to make a fortune on used jewellery, rather funny

So anyone interested in the value of their watches is a gold digger.
Makes perfect sense.

[zengineer]

I don't seek it out but don't look the other way when it comes up...and so I suppose I do follow it but only in a "how crazy have we become as a society" sort of way.

As others have pointed out, there is a fairly definable market out there with various online sales, watchrecon, grey dealers, etc. Yes, some of the info is asking prices and not sold prices but you can get a sense of what is selling at what price point.

Is a used pre-ceramic Daytona worth $11,000 or $16,500? It depends on whether it is 2014 or 2018.

[elitejae]

Originally Posted by Mystro

How else do you stay educated on the trends of the Rolex market if you dont follow what the grey market is doing? The trusted sellers like DavidSW, etc is the purest form of model availability and consumer trends. I find it very interesting as well as keeping me sharp on this hobby. Personal watch value retention has nothing to do with wanting to follow the Rolex market. I am rather surprised as I thought everyone follows it. Knowledge is power in the WIS game.

This. Definitely. Like any hobby, being well versed with current trends is advantageous, even if you're not in the market to buy. Personally, I just find it really interesting and it also brings depth to conversations in the space. I have sneaker head friends, car collectors, etc. that do the same.

[SLS]

I have not bought a new Rolex for over 10 years. One third of my watches were purchased new, the rest were pre-owned and are mainly older 5 digits vintage 4 digits. During that time, most of the Rolex watches I was interested in were selling for less than the current MSRP of a new model, in some cases less than half of MSRP. So that is the direction I went. While it is true that some of the rarer vintage models were already starting to increase in price, many were still obtainable. At the time, I had no idea what was going to happen with their value, because the only Rolex that I had that was worth more than what I paid was a SS Daytona.

As with any hobby, there are ebbs and flows. I stepped away from the forums for quite a while and got caught up with raising my kids and work. I would poke my head in to TRF here and there and see what was happening and what new models been released. But, I was by no means following what my watches were worth because I never really saw them as an investment, but more of part of my life that I could enjoy. The way that I look at their value now is more of a perk. The sad part about it, is that if I were me now, there is no way I could have purchased the watches I have now, so I guess I was lucky too.

[lenfried29]

How can one state that Rolex watches are not investment beats me. If it's not an investment then explain this:
Price for SS Sub Date in 1995 was around $3K. Price for the same 1995 used Sub Date is now around $5k. That's roughly increase of 66%. That's a great investment in my books. And on the top of that you enjoy wearing your investment

[Bigblu10]

Originally Posted by lenfried29

How can one state that Rolex watches are not investment beats me. If it's not an investment then explain this:
Price for SS Sub Date in 1995 was around $3K. Price for the same 1995 used Sub Date is now around $5k. That's roughly increase of 66%. That's a great investment in my books. And on the top of that you enjoy wearing your investment

You will only "profit" if you sell the watch. How about the millions out there who buy a Rolex and wear it for life, then pass down to the kids? Can you live off the proceeds of your 1995 SS Sub Date for the rest of your life until you die?

[lenfried29]

Originally Posted by Bigblu10

You will only "profit" if you sell the watch. How about the millions out there who buy a Rolex and wear it for life, then pass down to the kids? Can you live off the proceeds of your 1995 SS Sub Date for the rest of your life until you die?

That's not the point
Point is that Rolex watches are grow in value some less the others more

[Bigblu10]

Originally Posted by Eric-London

The only silly thing is the constant BS about 'I don't care about the value of my collection' nonsense.

Along with many, I don't buy with a view to selling and possibly making a profit or taking a bath. Things happen. Life happens. Maybe I get bored with a brand and want to shift to another?


If you're not bothered about the value of your Rolex pieces why not sell them to me at half price?

Passing them down to the next generation.
I have a real retirement pension to pay for my Scotch, Cigars, Ferraris, and Vacations.

[DocHolliday]

Haha wow. Now I know who I wouldn’t
want to have a beer with. Some of
you guys are too serious and love yourselves too much. Give the OP a break, it’s just a casual question.

To the OP, yes I certainly follow the Rolex market trends. It’s one of my many hobbies and therefore I always keep my finger on the pulse out of pure interest. I check prices and availability constantly just for fun even if I’m not looking to buy. You never know when the next itch will having you want to acquire another piece.

To everyone who never checks prices and never cares what they paid or what their watch is worth, congrats and more power to you. I guess the rest of the enthusiasts will have to wallow about wishing we could all be as cool as you.....




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[WJGESQ]

Originally Posted by lenfried29

That's not the point
Point is that Rolex watches are grow in value some less the others more

Correct.


I'd not likely purchase over msrp, but buying under msrp on SS sports models sort of seems like a limited risk no brainer.

[Eric-London]

Originally Posted by Bigblu10

I have a real retirement pension to pay for my Scotch, Cigars, Ferraris, and Vacations.

Unfortunately I’m not as well off as you.

I normally sleep in a cardboard box underneath a bridge hoping to find another half smoked cigarette in the morning to get me by the next day.

[DocHolliday]

Originally Posted by Eric-London

Unfortunately I’m not as well off as you.

I normally sleep in a cardboard box underneath a bridge hoping to find another half smoked cigarette in the morning to get me by the next day.

Lol!


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[jps3b]

Originally Posted by Eric-London

I don't plan on dying either. But it will happen.

My collection (however large or small later in my life, hopefully a lot later) will be passed on to my kids. I shouldn't care about what's what?

I'm so sick of this faux stance from folks saying the same old nonsense, ie, there are better investments yada yada, you shouldn't buy watches to invest etc etc.

Most of us don't. We buy because we like and enjoy these pieces. However, many of these pieces cost £10-20k which is a lot of money for most people. And most logical people don't really want to take a bath and lose there nuts if they want to get out of a few pieces and maybe pick up something else. Hence keeping an eye on the market.

I completely agree! Do all these so called WIS want to buy a luxury product just so it can lose value. Preposterous! I buy Rolex watches because I love them. For them to increase in value is a cherry on top. I like the fact that my 2007 16610LV has nearly tripled in value. Will I ever sell it? No. But one of my loved ones will own it when I’m gone and I’d rather it be worth a lot than a little.

[jps3b]

Originally Posted by Eric-London

We're not allowed to apparently. Its almost a taboo subject.

Ok Eric. I’ll be public enemy #1 I’m glad I’ve made money on my Rolex watches!!!

[Eric-London]

Originally Posted by jps3b

Ok Eric. I’ll be public enemy #1 I’m glad I’ve made money on my Rolex watches!!!

You’ll be hunted down and relieved of your watches lol

[jps3b]

Originally Posted by joli160

I don't care at all what my watches are worth or might be one day. I just like to wear them and keep them.

Too many gold diggers around expecting to make a fortune on used jewellery, rather funny

This is the honest to God truth; two months ago my work mate bought a 1960 Heuer Autavia for 10 dollars at a flea market. He sold it two weeks later for 45,000 cash from a private collector. I wanted him to report his story to Hodinkee, but he doesn’t want the notoriety. You should care about how much your watches are worth.

[rolexpatek363]

I don't care how much my Rolexes are worth. If I planned to sell them, I would care. If I die, I won't be any fit state to care about anything.

Watches aren't an investment.

[jps3b]

Originally Posted by DocHolliday

Haha wow. Now I know who I wouldn’t
want to have a beer with. Some of
you guys are too serious and love yourselves too much. Give the OP a break, it’s just a casual question.

To the OP, yes I certainly follow the Rolex market trends. It’s one of my many hobbies and therefore I always keep my finger on the pulse out of pure interest. I check prices and availability constantly just for fun even if I’m not looking to buy. You never know when the next itch will having you want to acquire another piece.

To everyone who never checks prices and never cares what they paid or what their watch is worth, congrats and more power to you. I guess the rest of the enthusiasts will have to wallow about wishing we could all be as cool as you.....




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I agree! I constantly check the Grey prices of some models. Sometimes I’m happy (16610LV) sometimes I’m sad (126715 CHNR) but it’s fun to watch either way

[1largecockpit]

Its just like the stock market , in a bubble , used/ secondhand Rolex are in the credit bubble.
With all dealers scooping up all used Rolex sports on forums and face book pages then limiting sales of the already limited supply at inflated prices , add everyone that owns a Rolex is now a self proclaimed watch dears/ flipper/ speculator this is why prices are high above list price .
There has been NO value added to these watches , prices are higher because of credit , credit has fuelled the demand . But as credit dries up so will the consumer .
Its just like the stock market, companies buy backs reducing the amount of stock available pushing the asset cost up . Just like so many over indebted companies in the stock market so too are many Rolex dealers and self proclaimed dealer and it will all end in tears .

[HK Islandboy]

Originally Posted by beshannon

Why?

If I never plan to sell then why would I care?

Jewelry is a sunk cost.

Exactly this.

For better or worse, i am a watch hoarder