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Started By
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Time piece investment? I see a trend in some serious deals popping up.
Posted on 9/25/20 at 3:45 pm
Posted on 9/25/20 at 3:45 pm
I had to pull the trigger this afternoon when this watch became available I had been looking at one a year ago and someone beat me to it for $2k more which was still a good deal.
I have wanted this watch for a decade or more and at this price with complete documents, box, and manual I'm sure I could sell it 20 years down the road and not lose a penny.
Tigerdroppings got the reference and their adds got me again!
USED ROLEX EXPLORER II 16570 WATCH.
I have wanted this watch for a decade or more and at this price with complete documents, box, and manual I'm sure I could sell it 20 years down the road and not lose a penny.
Tigerdroppings got the reference and their adds got me again!
USED ROLEX EXPLORER II 16570 WATCH.
10
Posted on 9/25/20 at 4:14 pm to BarberitosDawg
How much did you pay?
Posted on 9/25/20 at 4:27 pm to BarberitosDawg
"time piece" is douchebag-speak for "watch"
Posted on 9/25/20 at 7:05 pm to BarberitosDawg
I just bought a Rolex sub...love it.
Have my old omega seamaster sitting in my safe. Need to have it serviced.
Have my old omega seamaster sitting in my safe. Need to have it serviced.
Posted on 9/25/20 at 8:22 pm to BarberitosDawg
what website did you buy it from?
Posted on 9/25/20 at 8:42 pm to BarberitosDawg
A wristwatch is not an investment under any circumstances.
Posted on 9/25/20 at 10:31 pm to BarberitosDawg
People that say "no watch is an investment" don't know the market. Some are, most aren't. The SS 5 digit Explorer is one of the least sought after ss sport Rolex watches.
If you like it, wear it daily and decide to sell it or trade it in 10 years you will be ok, likely.
You could also be like some and buy a breitling or tag for $4500 and no one offer you $500 for them tomorrow. Ultimately, wear something you like to look at.
If you like it, wear it daily and decide to sell it or trade it in 10 years you will be ok, likely.
You could also be like some and buy a breitling or tag for $4500 and no one offer you $500 for them tomorrow. Ultimately, wear something you like to look at.
Posted on 9/26/20 at 9:16 am to BarberitosDawg
I don’t think there’s any money to be made buying a rolex on the secondary market. The value may go up, but probably not that much. Now, if you were able to buy a new Daytona at msrp, you could flip it immediately for some serious cash.
ETA: There’s always a chance that you may have the piece that for some reason is super collectible 20 years down the road.
ETA: There’s always a chance that you may have the piece that for some reason is super collectible 20 years down the road.
This post was edited on 9/26/20 at 10:17 am
Posted on 9/26/20 at 8:29 pm to BarberitosDawg
quote:
I could sell it 20 years down the road and not lose a penny.
$7600 compounded annually at 7% is $29,400. Could you sell it for $30k in 20 years? That’s an investment.
Posted on 9/27/20 at 6:32 pm to BarberitosDawg
Friend,
I thought this generation learned in the 80s and 90s that buying mass produced collectibles like baseball cards is not a profitable proposition. There will be exceptions, of course, but most luxury watches will decline in value over the next 40 years. Even the Rated Rookies-esque ones.
Yours,
TulaneLSU
I thought this generation learned in the 80s and 90s that buying mass produced collectibles like baseball cards is not a profitable proposition. There will be exceptions, of course, but most luxury watches will decline in value over the next 40 years. Even the Rated Rookies-esque ones.
Yours,
TulaneLSU
Posted on 9/28/20 at 7:55 am to BarberitosDawg
This whole conversation could be about cars as an investment and all the same rules would apply.
Very very few ever maintain value - most will lose value over time.
It is very rare for any of them to appreciate in value and it is impossible to predict.
Even of the few that appreciate, even fewer appreciate more than what could be earned through other safer and time-proven investments.
Buy one because you like it, not to make money.
Very very few ever maintain value - most will lose value over time.
It is very rare for any of them to appreciate in value and it is impossible to predict.
Even of the few that appreciate, even fewer appreciate more than what could be earned through other safer and time-proven investments.
Buy one because you like it, not to make money.
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