ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
7 June 2009, 12:43 AM | #1 |
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Rolex for investment
Hi - was wondering if i could get some advice from the many experts on this site. I am looking to buy a couple of Rolex watches as a long term investment. Which models do you think will be sought after and are likely to appreciate over time? Appreciate any advice that I can get. Thanks.
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7 June 2009, 12:54 AM | #2 |
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The Paul Newman Daytona
The Steve McQueen Explorer II |
7 June 2009, 01:26 AM | #3 |
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7 June 2009, 01:27 AM | #4 |
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I agree completely.
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7 June 2009, 01:32 AM | #5 |
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Watches aren't good investments. However most Rolex will appreciate over time, some models more than others. The above mentioned models should keep you slightly ahead of inflation.
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7 June 2009, 01:34 AM | #6 |
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Stop kidding yourself. Those pieces are already inflated at or near top of their prices. You buy them now and you're just fulfilling the "investments" of traders. There is no upside.
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7 June 2009, 04:29 AM | #7 | |
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Quote:
Now to the question. That is anyboby's guess. Could it be the Sea Dweller? The TT Sub as the new one IMHO is NOT as cool looking. The Zenith Daytona may have a shot as well, and so could the GMT's pre GMT IIc. How about the EXP I or II or the AirKing, I guess they could all be collectable if Rolex chooses to halt production. Most likely it will be one that we don't think of much right now and will have low proudction numbers. |
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7 June 2009, 04:35 AM | #8 |
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Very difficult to say. The McQueen Explorer II for instance has become valuable partly because of the mere scarcity which is a result of the watch NOT being very appreciated when it was produced.
Value increases of current models will very much depend on when Rolex decides to take them out of production, which we know almost nothing about. I probably wouldn't buy a Rolex for mere investment purposes. I'd buy one that I'd know I'd wear. If if then were to turn out it was also a good investment, that's a bonus. |
7 June 2009, 04:38 AM | #9 |
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I would buy a 5513, 1680, 16800, 1675, 16700, 16570, 16760, or a 1016. These are the vintage pieces that have taken a huge hit. The 1655 and 626X's have not fallen off as much IMO and are not as good of an investment.
Scott
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7 June 2009, 04:44 AM | #10 | |
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My suggestion would be to take the $$$$$$ & invest in commercial property. In the long run, you will come out ahead & have the extra $$$$$$ to purchase more toys! Do not sell - lease! I have a few pals who collect vintage Rolexs, but they own not for the purpose of investment, but for the passion of owning such truly remarkable timepieces. However, if you have your heart set on collecting for investment, I would suggest the following: DRSD, Comex SD, 6263, & Paul Newman Daytona. Good luck! |
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7 June 2009, 04:50 AM | #11 | |
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ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder |
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7 June 2009, 05:04 AM | #12 |
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As has been mentioned...the reason old subs and Daytonas are valuable is because there just aren't very many of them. So their value is insanely inflated--like 100 times their original purchase price, or more. That's unlikely to happen again.
That said, ALL Rolexes seem to hold their value well over ten years or so, and as suggested retail prices rise, so does the value of the watches already in circulation. There are better investments out there, though. If you want a hedge against inflation, buy some real estate. Buy a watch because you love it. |
7 June 2009, 05:26 AM | #13 |
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As stated above, there are better investments to be made than in the rolex vintage market, unfortunately you're a good 3-4 years behind the curve, the vintage rolex market reached its peak and started moving back down as it wasn't too realistic in the end, especially the likes of the 5513s.
If you do buy some then they will of course hold their value, but nothing more, maybe drop off a little or gain a little depending on the popularity of the model you pick in future trends. If you want to make money in the current market then there's only one way of doing it in the watch world, and that is to be able to hunt down the hard to get watches and get them from ADs for MRSP, there are several Panerai's and Audemars Piguet Offshores that are like this, but there are also hundreds of people doing similar things, personally i can't stand this sort of thing as they have no real love for the watches, just the money they can make One positive though, if you like rolexes and have spare funds then it can be nice to get a vintage, as stated above like the old daytonas, original milgauss', double red sea-dwellers and so on, but you'll have to remember that there are better financial gains to be made out there such as property, shares, etc if you know what and where to buy, but if you like watches and get to own something you love then it's not that bad, at least you should keep the money safe in the watch.
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7 June 2009, 05:29 AM | #14 |
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Here's a thought - if Rolex go completely ceramic next year on all SS sub dates (a big IF already), then doesn't that leave the current SS Sub Date with the engraved rehaut as one with relatively low production numbers (compared to the other pre-rehaut sub dates)? That could be one to watch for?
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7 June 2009, 05:34 AM | #15 |
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Watches are not investments. They are personal luxury items that may or may not increase or decrease in value.
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7 June 2009, 05:38 AM | #16 |
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Buy T bills
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7 June 2009, 07:13 AM | #17 |
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7 June 2009, 08:31 AM | #18 |
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imagine buying a watch you dont particularly like just for investment..
if you want money, go buy shares, or some land heck, even paintings are a far better option |
7 June 2009, 08:32 AM | #19 |
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If I had a few bucks to invest now:
Deep seas at $7,000 SD's at $4000 I ve seen big discounts on both in the last several months. I d buy them new and put them away for a few years. I bet they would appreciate in value as the economy recovers. just my opinion of course |
7 June 2009, 09:25 AM | #20 |
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My $.02...
...look at stocks instead...
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7 June 2009, 09:53 AM | #21 |
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Get Lucky at an ESTATE SALE!
My advice, Right place, right time! Palm Beach, Fla pawn shops a couple of months ago. If your not going to wear it, don't buy it, unless you get a legit Rolex at an insane price!
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7 June 2009, 11:35 AM | #22 |
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10K in GE stock will buy you several Rolex in a year or two. Just don't fatfinger the order and buy GM.
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7 June 2009, 12:31 PM | #23 |
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Siri at 5 cents a share 3 months ago was a great buy.
it went up to 40 cents (8x). Satellite radio is here to stay. Too much invested for a bankruptcy. If it goes back to .10 I am in again for another ride up. |
7 June 2009, 01:04 PM | #24 |
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If it's an investment you're looking for, I recommend a good tax free bond fund. Watches, especially brand new, do not appreciate.
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7 June 2009, 01:19 PM | #25 |
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The romantic in me says "I 'invest' in my watches for future generations of my own family to enjoy and to remember their former 'guardians' by"....not for future monetary gain.....however the realist in me says "if the s&^t really hits the fan, they could just save my skin for a few months"......I don't buy to sell, I buy to keep when it comes to watches, they are just too personal for me to sell
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7 June 2009, 01:41 PM | #26 | |
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Many of the vintage Rolex models have already taken-off for the moon, so Paul Newman Daytonas, and the "reds" will appreciate the least. My pick for a Rolex would have to be Zenith movement Daytonas, but I strongly believe the Tudor chronos will appreciate substantially more than the Zeniths. Save this post, the Tudor chronos will come on strong.
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7 June 2009, 02:12 PM | #27 | |
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Time to buy
Quote:
Not today. The Paul Newman is down by 20% to 25% The Steve McQueen is available for $13,000. These are bargains. Price increase in a year or two can be anticipated. |
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7 June 2009, 02:21 PM | #28 | |
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7 June 2009, 03:30 PM | #29 |
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Watches and jewleries are NEVER good investments
$1000 in MSFT in the early 90's would bring you a bit over $1,000,000.00 before the correction in the stock market. Buy the watch because you like and will wear it.
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7 June 2009, 04:40 PM | #30 |
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vintage vintage vintage... another rolex to look at for investment is VINTAGE..
oh yeah,and dont forget vinatge rolex..the sports models will always do well..ALWAYS! and john,I agree,the tudor chronos are taking off like 747's!! just last year I was buying them 1500 to 2k..most have doubled in that short time-span.. |
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