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Mr. K · 6 October 2008, 01:28 AM

Ever stop to think about the cost of a Rolex. I have Rolex and love them but...

I was going to buy a used car this weekend and had some cash. Snapped a photo of the $ and the watch. (the car cost far less then the watch, a 1998 Toyota Camry).

Just made me stop to think. While holding all those bills, it sure puts into perspective how expensive these little babies have become. It not just a price tag when you are holding the money in hand.

And the $ shown is still not enough to buy the ND sub at retail these days. Just thought I'd share my thoughts.

Disclaimer: this experience will in no way stop me from buying future watches, but it will make me think twice.

teo · 6 October 2008, 01:44 AM

I think same with all watches. Cartier also increases their price. Pam too.

Bisquitlips · 6 October 2008, 01:48 AM

Ooooh Fa La!

I was thinking that this might be true, but didn't want to see it so plainly explained!

But all an addict needs is more...!

BigHat · 6 October 2008, 01:50 AM

I find it best not to focus on the price.

That's why cash purchases are the least painful, fewer reminders.

MrCowboy99 · 6 October 2008, 02:22 AM

Just think, that watch is going up in value and that paper is going down. Interesting uh?

Quicksilver · 6 October 2008, 02:29 AM

But think how quickly a car depreciates compared to a Rolex watch. Unless a car becomes a collectable classic ( not many do) then they depreciate to the point where you have to pay to get rid of them. If you trade it you usually get ripped of on the re-sale value and even if you got a good price the depreciation would still be substantial.

A Rolex will always hold a significant portion of its value and is even likely to appreciate in value. It can also be easily converted back into cash.

I hate paying the high prices Rolex demand but the above thought does give me some comfort.

stang1 · 6 October 2008, 02:52 AM

Quote:

Originally Posted by Quicksilver

But think how quickly a car depreciates compared to a Rolex watch. Unless a car becomes a collectable classic ( not many do) then they depreciate to the point where you have to pay to get rid of them. If you trade it you usually get ripped of on the re-sale value and even if you got a good price the depreciation would still be substantial.

A Rolex will always hold a significant portion of its value and is even likely to appreciate in value. It can also be easily converted back into cash.

I hate paying the high prices Rolex demand but the above thought does give me some comfort.

I agree. Very well said.

sea-dweller · 6 October 2008, 02:53 AM

- particularly a SS Professional model !

Quote:

Originally Posted by stang1

I agree. Very well said.

Mr. K · 6 October 2008, 03:38 AM

Quote:

Originally Posted by Bisquitlips

Ooooh Fa La!

I was thinking that this might be true, but didn't want to see it so plainly explained!

But all an addict needs is more...!

I like your photo better than mine.

Art161 · 6 October 2008, 03:57 AM

I try not to think about it. I paid about $200 for my first Rolex.

Bisquitlips · 6 October 2008, 04:28 AM

Quote:

Originally Posted by Mr. K

I like your photo better than mine.

Stolen money of course!

Ahem, photo of money!

f16570 · 6 October 2008, 04:42 AM

Just makes the owning more enjoyable.

Bisquitlips · 6 October 2008, 04:52 AM

Quote:

Originally Posted by f16570

Just makes the owning more enjoyable.

I have to admit that the cost of a Rolex does make wearing it much more enjoyable. Not to mention that many people know the brand name and comment on it when they see it on your wrist.

chicagowatchman · 6 October 2008, 07:02 AM

Quote:

Originally Posted by MrCowboy99

Just think, that watch is going up in value and that paper is going down. Interesting uh?

You got that Right!!!!

Spencer · 6 October 2008, 07:04 AM

The funnier thing is that most Rolexes, comapred to high end watches, are a bargain. Just think of the prcier brands compared to many cars, and houses for that matter!

golfball123 · 6 October 2008, 08:37 AM

Mr. K · 6 October 2008, 10:45 AM

Quote:

Originally Posted by MrCowboy99

Just think, that watch is going up in value and that paper is going down. Interesting uh?

Yup that is for sure.

Quote:

Originally Posted by Quicksilver

But think how quickly a car depreciates compared to a Rolex watch. Unless a car becomes a collectable classic ( not many do) then they depreciate to the point where you have to pay to get rid of them. If you trade it you usually get ripped of on the re-sale value and even if you got a good price the depreciation would still be substantial.

A Rolex will always hold a significant portion of its value and is even likely to appreciate in value. It can also be easily converted back into cash.

I hate paying the high prices Rolex demand but the above thought does give me some comfort.

I could not agree more, that is why the car I am buying is a 1998! Almost all the depreciation is taken on it, plus only 40K in miles.

diversified · 6 October 2008, 11:43 AM

I don't think about it, but my relatives sure do when I'm around and they have a big ticket purchase.

6 October 2008, 01:28 AM	#1
Mr. K "TRF" Member Join Date: May 2005 Real Name: Mark Location: Seattle-ish Posts: 6,074	Ever stop to think about... Ever stop to think about the cost of a Rolex. I have Rolex and love them but... I was going to buy a used car this weekend and had some cash. Snapped a photo of the $ and the watch. (the car cost far less then the watch, a 1998 Toyota Camry). Just made me stop to think. While holding all those bills, it sure puts into perspective how expensive these little babies have become. It not just a price tag when you are holding the money in hand. And the $ shown is still not enough to buy the ND sub at retail these days. Just thought I'd share my thoughts. Disclaimer: this experience will in no way stop me from buying future watches, but it will make me think twice.

6 October 2008, 01:48 AM	#3
Bisquitlips 2024 Pledge Member Join Date: Sep 2008 Real Name: Richard Location: USA Watch: YM Deep Space Posts: 12,521	Ooooh Fa La! I was thinking that this might be true, but didn't want to see it so plainly explained! But all an addict needs is more...! __________________ Rolex Yacht-Master 40mm (SS-YG / Deep Space MOP) 16623 Breitling Aerospace Titanium / 18K with UTC. Omega Speedmaster 3510.50 Oris TT1 Pro Diver Regulator 43MM

6 October 2008, 03:57 AM	#10
Art161 "TRF" Member Join Date: Jun 2008 Real Name: Art Location: San Francisco Watch: Sundial Posts: 2,266	I try not to think about it. I paid about $200 for my first Rolex. __________________ Rolex SS Oyster Perpetual no date, TT Datejust Member #13992 HM Power to the Superlative Panda, officially certified! HMPanda eats, shoots and leaves. Rolexers do it with perpetual movements.

6 October 2008, 04:42 AM	#12
f16570 "TRF" Member Join Date: Jan 2007 Real Name: F Location: Scotland Watch: Exp II White Face Posts: 4,272	Just makes the owning more enjoyable. __________________ Why have what's new when you have what's best. f

6 October 2008, 07:04 AM	#15
Spencer "TRF" Member Join Date: Dec 2005 Location: US Posts: 1,338	The funnier thing is that most Rolexes, comapred to high end watches, are a bargain. Just think of the prcier brands compared to many cars, and houses for that matter! __________________ I'm a perpetual kind of guy Resident Audemars Piguet Fanatic

6 October 2008, 01:44 AM	#2
teo "TRF" Member Join Date: Aug 2007 Location: amk Posts: 792	I think same with all watches. Cartier also increases their price. Pam too.

6 October 2008, 01:50 AM	#4
BigHat Banned Join Date: Sep 2007 Real Name: Matt Location: Arlington, VA Watch: Lange One MP Posts: 4,043	I find it best not to focus on the price. That's why cash purchases are the least painful, fewer reminders.

6 October 2008, 02:22 AM	#5
MrCowboy99 "TRF" Member Join Date: Mar 2008 Real Name: Mac Location: Dallas, Texas Posts: 1,367	Just think, that watch is going up in value and that paper is going down. Interesting uh?

6 October 2008, 02:29 AM	#6
Quicksilver "TRF" Member Join Date: Jul 2008 Real Name: David Location: London+Guangzhou Watch: ing watches Posts: 2,603	But think how quickly a car depreciates compared to a Rolex watch. Unless a car becomes a collectable classic ( not many do) then they depreciate to the point where you have to pay to get rid of them. If you trade it you usually get ripped of on the re-sale value and even if you got a good price the depreciation would still be substantial. A Rolex will always hold a significant portion of its value and is even likely to appreciate in value. It can also be easily converted back into cash. I hate paying the high prices Rolex demand but the above thought does give me some comfort.

6 October 2008, 08:37 AM	#16
golfball123 "TRF" Member Join Date: Apr 2008 Location: thailand / m'sia Watch: YG DD & GMT,TT SUB Posts: 1,265

6 October 2008, 11:43 AM	#18
diversified "TRF" Member Join Date: Jan 2008 Real Name: Jim Location: State College PA Posts: 1,694	I don't think about it, but my relatives sure do when I'm around and they have a big ticket purchase.

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