Should I go for it, or better not ? your input is welcome

[L-16610]

I want a Submariner 16610LV. I REALLY WANT IT !!!!!!

And I will buy one. But I told myself to wait 6 months or maybe 8 months.
My budget does not allow a purchase today.
I could sell my Panerai 292 ceramic (special PIG dial) but I don't want to.
My budget comes a few K short

So like said, within more or less 7 months it should be possibe.

But 2 things make it difficult to wait. I've noticed that those green 16610LV submariners are getting more and more expensive since they are discontinued.
I year ago we could buy these for 3600 till 3800 in Europe, today you are lucky if you find one for 4100 euro and the average seems to be 4200 till 4400. So what if I wait another 7 months ? Will I have to pay close to 5000 euro ?

And the most important thing I was just offered one I almost can't rufuse. Let me tell you why
First and most important, the watch is in like new condition, really perfect. Its from 2006 but it seems to be unworn.
Ofcourse it comes with all the papers and all the boxes.
Also the Rolex anchor, the red Geneva seal
And the little books 'Rolex Submariner'
AND this is pretty rare and unique !!! The original press kit which was never given to clients but only to Rolex AD. If you don't know what it is, it is some kind of a cover which contains a DVD, some very nice pictures, the history of the Rolex sub, etc)

So this package is the most complete you will ever find !!!!!!

The guy asks 4650 for everything. So a bit on the high side but like said, try to find a set complete like that.


Now the question.

Should I break my rule and buy it ( the budget does not allow it YET). I'll have to use money which is not ment for watches !!! It are my savings in case something happens like loose your job, get an unexpected cost like a car accident or other things.

Or should I just pass this one and buy one within 7 months (knowing that I will probably not find such a complete package for 4650 again)


Thank you for your opinion

[PanosI]

Watches you can find as many as you want at any time.........

If a) you don't have obligations and b) you can save easily ( without stress ) lets say 500 euros a month, then buy the watch in advance and pay it with the above way in 7 or 8 months.......

Conditions a and b must be met......

[colpol]

I'm probably the worse guy to get involved in this one

About 8 months ago there was an Omega Speedmaster - 376.0822 (the grail) for sale on one of the other forums. Super fine condition. It was just before xmas & it wasn't moving - I swayed & swayed. My contract was due up\ waiting for an extension plus as an IT contractor I wasn't getting paid over the christmas period either. The day the watch sold - I saw it at work & felt sick that I hadn't bought it. Came home that same day to a 14 month 0% credit card balance transfer letter. It was as if life was rubbing my face in it. Then my contract got extended too .... !!

Thats one scenario !

The other "could" have been I didn't get extended, had xmas to pay for, didn't work for 4months, big car bill, mortguage & bills to be paid, a holiday booked at easter, young family to support, etc plus got a watch payment on a credit card to pay off.

When I was a young guy - didn't think twice about buying expensive stuff - often over short heavy periods of finance i.e. car over 12 months cos I was young, free, single & all I had to worry about was myself. Was you get a bit older (possibly wiser) - its then not just about you but a whole host of other variables.

I guess its all down to your OWN personal circumstances & your view to risk\ how your job looking etc

What I will say is - there are ALWAYS other watches. ALWAYS !!

[jdc]

sounds expensive to me you could get an unused one for that price in UK

[Nairn1980]

Originally Posted by L-16610

I want a Submariner 16610LV. I REALLY WANT IT !!!!!!

And I will buy one. But I told myself to wait 6 months or maybe 8 months.
My budget does not allow a purchase today.
I could sell my Panerai 292 ceramic (special PIG dial) but I don't want to.
My budget comes a few K short

So like said, within more or less 7 months it should be possibe.

But 2 things make it difficult to wait. I've noticed that those green 16610LV submariners are getting more and more expensive since they are discontinued.
I year ago we could buy these for 3600 till 3800 in Europe, today you are lucky if you find one for 4100 euro and the average seems to be 4200 till 4400. So what if I wait another 7 months ? Will I have to pay close to 5000 euro ?

And the most important thing I was just offered one I almost can't rufuse. Let me tell you why
First and most important, the watch is in like new condition, really perfect. Its from 2006 but it seems to be unworn.
Ofcourse it comes with all the papers and all the boxes.
Also the Rolex anchor, the red Geneva seal
And the little books 'Rolex Submariner'
AND this is pretty rare and unique !!! The original press kit which was never given to clients but only to Rolex AD. If you don't know what it is, it is some kind of a cover which contains a DVD, some very nice pictures, the history of the Rolex sub, etc)

So this package is the most complete you will ever find !!!!!!

The guy asks 4650 for everything. So a bit on the high side but like said, try to find a set complete like that.


Now the question.

Should I break my rule and buy it ( the budget does not allow it YET). I'll have to use money which is not ment for watches !!! It are my savings in case something happens like loose your job, get an unexpected cost like a car accident or other things.

Or should I just pass this one and buy one within 7 months (knowing that I will probably not find such a complete package for 4650 again)


Thank you for your opinion

I have a V-Serial LV and love it!
My advice is GET ONE ASAP if you want one....but be quick as prices are climbing!

Good luck :)

[Bigboss]

I had the same problem two weeks ago. What i did? Well... I bought the last LV of my usual AD. :-)

Go get it!

Cheers,
Walter

[dysondiver]

i think in these times there will be a few bargains in the months to come , as the safe doors open to prop up the bank accounts , sorry to sound like a doom merchant , but its my guess ,,,, anything is only ever worth what a man will , or indeed can pay for it on the day .
no man is wealthy till he has what money cant buy.
but a poor man knows the price of everything and the value of nothing.
just my thoughts

[Nairn1980]

Originally Posted by Walterandre

I had the same problem two weeks ago. What i did? Well... I bought the last LV of my usual AD. :-)

Go get it!

Cheers,
Walter

A man after my own heart...i did exactly the same!

In the words of Walter, GO GET IT!

[davegct]

If you know that's the watch you want and you don't think you'll easy find one in the same condition etc., then go for it now, but have the discipline to replenish the funds after!

[MartC]

If you're just delaying the inevitable, and its going to hurt you financially to wait then it could be worth getting it sooner rather than later. I've done this before and not regretted under similar circumstances having seen a 100% complete, original, mint set.

If you find you need the money further down the line, then maybe you could sell a watch?

Ultimately it has to be a decision you're comfortable with though

[psv]

Of course you should wait. Watches should be paid for in cash - they are not capital investments. Secondly, the watch will be more special if you have earned it. Furthermore, I don't know where you are located but I don't find that to be a killer deal.

Take your time, there is now increasing risk for a double-dip recession, don't take any chances with your savings and buffers.

[nauticajoe]

I think the price is a bit on a high side for a Z (or M) serial. Sellers here were selling V's for just under 4350 Euro (NIB).
I would wait to try to find one in the FS section. It'll save you some $ that way.

Good Luck!

[Psmith]

Originally Posted by L-16610

Should I break my rule and buy it ( the budget does not allow it YET). I'll have to use money which is not ment for watches !!! It are my savings in case something happens like loose your job, get an unexpected cost like a car accident or other things.

It's just a watch. Wait, and don't break your rule...

[Nairn1980]

Originally Posted by nauticajoe

I think the price is a bit on a high side for a Z (or M) serial. Sellers here were selling V's for just under 4350 Euro (NIB).
I would wait to try to find one in the FS section. It'll save you some $ that way.

Good Luck!

I do agree!
but like myself and Walterandre did, get along to your AD and try and get one of the last LVs that they may have in their window.

You may not get much off, but try :)

[xjeeunitx]

Longer you wait, the prices will drop more on these Pre-Ceramic Submariners. Some people might disagree with me but LV or not, I've seen couple of hundred dollars dropped already ever since the new Sub-C hit the market.

[paverman]

Don't mortgage your future on a watch. Remember, it's just a watch. IMO you'll be able to find what you want at the time your able to comfortably afford it.
Relax, continue saving and buy what you want when finances allow. Our whole country is in economic tourmoil these days because we live in a culture where it seems that no one is willing to live within their means.
Ok, I'm off my soapbox. Wait 7 months and you'll be happy, IMO.

[L-16610]

Originally Posted by davegct

If you know that's the watch you want and you don't think you'll easy find one in the same condition etc., then go for it now, but have the discipline to replenish the funds after!

I would without doubt !

[L-16610]

Originally Posted by MartC

If you find you need the money further down the line, then maybe you could sell a watch?

that's what I was tinking about too
If something would happen so I need some cash in these 6 months I could indeed sell the LV

[L-16610]

Originally Posted by psv

Of course you should wait. Watches should be paid for in cash - they are not capital investments. .

that Is for sure the best I could do ... but my heart tells me something else LOLOL
And like another member said, If needed I could always sell the LV.
I have the moeny but it's not money I want to use for a watch.
But believe me, I would NEVER take a loan, it will be paid in cash

[L-16610]

Originally Posted by nauticajoe

I think the price is a bit on a high side for a Z (or M) serial. Sellers here were selling V's for just under 4350 Euro (NIB).
I would wait to try to find one in the FS section. It'll save you some $ that way.

Good Luck!

maybe I can let him bring the price to 4500 and not 4650. But like said that that press release kit is something I would love to have.
I don't know if I want to pay 200 euro for it bur imo it makes the package really complete.

[karmatp]

You know what you should do, do let a material posession mess with your financial situation.

The sub LV is not rare, and I bet prices are going to drop in the near future once the hype has died down. Sellers seem to be trying to keep the hype as long as they can, once buyers stop paying the false premiums, they will get back down to more realistic prices.

[L-16610]

Originally Posted by xjeeunitx

Longer you wait, the prices will drop more on these Pre-Ceramic Submariners. Some people might disagree with me but LV or not, I've seen couple of hundred dollars dropped already ever since the new Sub-C hit the market.

I'm one of those who disagree
I've watched these the last year and what I saw were prices goins up !!! no doubt.
And I really think the will go further up in the near future.

Look what happened with the 16520 Daytona.
Was cheaper in 2000 - 2001 - 2002 than the 116520. Untill people knew it would become a collectors item. Today a 16520 is much more expensive than the 116520
I'm pretty sure the same will happen with the 16610LV. One day a 16610LV will be a collectors item and it will be more expensive than the new ceramic green sub.

[L-16610]

Originally Posted by paverman

Don't mortgage your future on a watch. Remember, it's just a watch. IMO you'll be able to find what you want at the time your able to comfortably afford it.
Relax, continue saving and buy what you want when finances allow. Our whole country is in economic tourmoil these days because we live in a culture where it seems that no one is willing to live within their means.
Ok, I'm off my soapbox. Wait 7 months and you'll be happy, IMO.

a good advice but I don't need to borrow money ;-) I would NEVER do this for a watch. Not for a car , for nothing !!!
only 1 thing where I needed a loan and that's for my house.
I'm not a US citizen We do not have the bad habbit over here to take loans for everything

[L-16610]

Originally Posted by karmatp

You know what you should do, do let a material posession mess with your financial situation.

The sub LV is not rare, and I bet prices are going to drop in the near future once the hype has died down. Sellers seem to be trying to keep the hype as long as they can, once buyers stop paying the false premiums, they will get back down to more realistic prices.

Well nobody knows for sure but like replies to another post. I compare this with the Zenith based Daytona 16520.
These also became more expensive, I think the same will happen to the 16610LV.

The Daytona looked the same, it was just another movement.
In case of the 16610 I see a lot more things which will make it collectible

- THE anniversary sub
- the new ceramic LV is not just an update it's a totally different watch (it also has a green dial) this makes the 16610LV black dial - green bezel pretty unique
- you say ti is not rare, I say it is rare. On a forum like this ofcourse a lot of members have one, we're Rolex nuts ;-)
But when I look in the street I almost never see a green sub. I see A LOT of black subs and some daytona's 116520
- 6/7 years in production is not much for a Rolex and I have a feeling there are made more SS Daytona's in these 6.5 yers than they made 16610LV subs. AND they'll make SS daytona's for a long time while the 16610LV stoped

[RRGHOST1]

Cant you put a deposit on the watch and pay it off over the next few months, but i can see you want this particular watch because it comes complete with books etc. If you waited you would still get a good deal on a LV but would you get the extras.

[Nairn1980]

Originally Posted by xjeeunitx

Longer you wait, the prices will drop more on these Pre-Ceramic Submariners. Some people might disagree with me but LV or not, I've seen couple of hundred dollars dropped already ever since the new Sub-C hit the market.

Respectfully disagree mate.

Here in the UK dealers with pre-ceramics are selling them at list as far as I hear...my friend who is an AD always did deals on these watches, but the ones he has left are RRP only.

Also looking at jewellers websites (non AD) prices are up from before.

[Jason71]

Prices of LVs aren't going to get any cheaper. That is why I have 2 of them.

I say get it. His asking price is of little consequence if you keep the watch for a lifetime.

[chris russell]

It's always better to buy now.

[slcbbrown]

Rolex are by no means a rarity. I believe strongly that "hobby" purchases shouldn't be made until you can afford to pay cash (or really close to cash).

Besides, if you already have another Rolex, the saving, waiting, shopping, etc. is always more fun than the owning. I wouldn't rush. If you're like a lot of us, you're one car repair away from being broke.

[L-16610]

You won't believe how this has been solved.
I can't believe it

More within a few hours, be patient