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Message
re: Whats the point of buying a Rolex?
Posted on 5/9/19 at 5:32 pm to WaydownSouth
Posted on 5/9/19 at 5:32 pm to WaydownSouth
I bought one and it made me feel halfway decent about myself. So I bought another one to be whole.
1
Posted on 5/9/19 at 5:33 pm to NYCAuburn
If you can sell a Rolex for more than you bought it the day you bought it then why wouldn't the person you're selling to buy it for the price and from the place you bought it? And even if what you are saying is true you're talking about arbitrage and not a watch as an investment appreciating and a used watch being worth more than a new watch.
Posted on 5/9/19 at 5:34 pm to Obtuse1
Rolex makes one of the best mid-tier watches. They are highly vertically integrated and make more of their parts in-house than any Swiss company and only bested by Seiko worldwide. Seiko even produces the ink they print their manuals are printed with but the Seiko Group is far more diversified and Epson is part of the group.
Rolex has traditionally (for ~40 years) been the "I have made it watch" and has more brand recognition than any other fine timepiece. The "next level" watch has generally been the Patek Phillipe and the one "watch guys" drool over most is probably Lange outside of commission pieces like Dufour. People buy Rolex watches for varied reasons and watch nerds usually go through three stages of Rolex appreciation which is best summed up by an old article by Jack Forster my favorite watch journalist.
Forbes
Many of the current stainless Rolex watches are very hard to buy at retail from an AD, for example, IF you can buy a stainless ceramic Daytona at retail you can sell it the next day for nearly double the money. Despite making 800k plus watches a year Rolex is still able to play the supply vs demand card.
Many watches end up being heirlooms though I am not sure how many of them will be actually worn by the next generation, mechanical watches have been an anachronism for 30+ years already. I am 50 now and most of my contemporaries have never worn a mechanical watch, the millennials are likely to never wear a watch unless it is also wearable tech. I think that is sad but I get it and in the end, I just enjoy watches and they are the last bastion of acceptable man jewelry and when you start talking about watches over $100 or $200 that is basically what they are, jewelry. Since I was a little kid with my first manual wind Micky Mouse watch I have been fascinated with watches and time has always been a very dear thing to me and the quiet ticking of a mechanical watch reminds me it is methodically slipping away whether I make the most of it or not. Plus it feels really good to look down at my wrist and see something I think is special and attractive.
Rolex has traditionally (for ~40 years) been the "I have made it watch" and has more brand recognition than any other fine timepiece. The "next level" watch has generally been the Patek Phillipe and the one "watch guys" drool over most is probably Lange outside of commission pieces like Dufour. People buy Rolex watches for varied reasons and watch nerds usually go through three stages of Rolex appreciation which is best summed up by an old article by Jack Forster my favorite watch journalist.
Forbes
Many of the current stainless Rolex watches are very hard to buy at retail from an AD, for example, IF you can buy a stainless ceramic Daytona at retail you can sell it the next day for nearly double the money. Despite making 800k plus watches a year Rolex is still able to play the supply vs demand card.
Many watches end up being heirlooms though I am not sure how many of them will be actually worn by the next generation, mechanical watches have been an anachronism for 30+ years already. I am 50 now and most of my contemporaries have never worn a mechanical watch, the millennials are likely to never wear a watch unless it is also wearable tech. I think that is sad but I get it and in the end, I just enjoy watches and they are the last bastion of acceptable man jewelry and when you start talking about watches over $100 or $200 that is basically what they are, jewelry. Since I was a little kid with my first manual wind Micky Mouse watch I have been fascinated with watches and time has always been a very dear thing to me and the quiet ticking of a mechanical watch reminds me it is methodically slipping away whether I make the most of it or not. Plus it feels really good to look down at my wrist and see something I think is special and attractive.
Posted on 5/9/19 at 5:34 pm to Obtuse1
quote:
are for my two remaining 6263/6265 Daytonas
Remaining? how many did you have?? Panda?
Posted on 5/9/19 at 5:35 pm to LSUMANINVA
Ad for pre owned luxury watches just came up
Posted on 5/9/19 at 5:36 pm to Obtuse1
quote:
and watch nerds usually go through three stages of Rolex appreciation
When you know nothing about watches you think they are awesome, when you start to know a little about watches you think they are overrated, when you know a lot about watches you think they are awesome.
Posted on 5/9/19 at 5:47 pm to Norbert
quote:
Computer monitor, cell phone, DVR, etc. all let me know what time it is.
People now look at their phones for time, and use their watches for phones.
Posted on 5/9/19 at 5:48 pm to WaydownSouth
You’re a nosy little frick
Posted on 5/9/19 at 5:49 pm to Peazey
quote:
If you can sell a Rolex for more than you bought it the day you bought it then why wouldn't the person you're selling to buy it for the price and from the place you bought it?
As I mentioned some of the stainless Rolex watches are in very high demand and the average customer can't go into an AD and buy them. Hell, they are unlikely to even show them to you. They are sold to valued customers who have had a long-standing relationship and usually have spent 6 figures with the AD. You are correct it is a form of arbitrage.
The value of older Rolex watches has SKYROCKETED over the last 15 years and everyone is curious when the bubble will pop but it just keeps on going.
Posted on 5/9/19 at 5:49 pm to Obtuse1
quote:
Obtuse1
Posted on 5/9/19 at 5:49 pm to WaydownSouth
quote:
Whats the point of buying a Rolex?
If you have to ask, you can’t afford it.
Posted on 5/9/19 at 5:51 pm to WaydownSouth
What is the point in buying a new iPhone instead of an iPhone 4? Why not buy a shitty android phone instead of the newest shiniest?
There is a gap between a genuine Rolex and a seiko Watch. You might not be able to tell the difference but there is a gap there. Like golf clubs, good scotch, whiskey or anything else that you might know.
There is a gap between a genuine Rolex and a seiko Watch. You might not be able to tell the difference but there is a gap there. Like golf clubs, good scotch, whiskey or anything else that you might know.
Posted on 5/9/19 at 5:52 pm to WaydownSouth
Can’t do this with a Seiko, bruh
Posted on 5/9/19 at 5:53 pm to Teddy1388
quote:
would you want a Rolex or an $8k bonus??
Does my wife get to know that I had a choice?
Posted on 5/9/19 at 5:55 pm to Obtuse1
Good lord!
Posted on 5/9/19 at 6:05 pm to barry
quote:
Remaining? how many did you have?? Panda?
I had 17 early Daytonas at the height of collecting them, I have had maybe 50 come through my hands over the years. I bought my first one in law school because they were cheaper than Subs at the time! I began to sell them off when the prices started to go stratospheric for them and replacing them with the "modern" collection I have now. The most I ever paid for one was $7300, the one I bought is law school I paid $980 for.
The 6265 is a '79 "Spirit of Japan" and the few examples that exist are shrouded in mystery, the accepted story is they were made for Ferrari.
The 6263 is a near mint floating Big Red panda dial. Box and full papers with the original crystal (AFAIK) with one tiny mark in the plexi. It is the first one I bought and will be buried with me since well frick 'em.
Posted on 5/9/19 at 6:08 pm to barry
quote:
When you know nothing about watches you think they are awesome, when you start to know a little about watches you think they are overrated, when you know a lot about watches you think they are awesome.
That sums it up perfectly. I just had to give Jack's words a plug as he is more eloquent than I am, plus he is a helluva nice guy.
Posted on 5/9/19 at 6:12 pm to FightnBobLafollette
quote:
Ressence. I love it.
One of the coolest watch brands on the face of the earth. It is not what most would consider for daily wear but I love them.
They are one of the watches if you don't know the engineering behind them it would probably look like just a fashion watch someone bought at Kohls.
Posted on 5/9/19 at 6:27 pm to WaydownSouth
Only poor people spend big on watches and they won’t let you hear the end of it. Mich easier to go get a Rolex Than drop 60k on a car
Posted on 5/9/19 at 6:27 pm to WaydownSouth
My Rolex brings ME joy.
I bought it for ME because I wanted it and love it.
I don't give a frick what anyone else thinks about it.
I bought it for ME because I wanted it and love it.
I don't give a frick what anyone else thinks about it.
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