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re: Time piece investment? I see a trend in some serious deals popping up.
Posted on 9/25/20 at 5:44 pm to FinleyStreet
Posted on 9/25/20 at 5:44 pm to FinleyStreet
That's not s very nice comment?
"Time piece" is correct as would be "wrist watch".
The price here for this one was after taxes was around $7600.00
In present condition with maintenance records and the original box, coupled with all supporting documentation that along with provided C&C certification made this a high value investment IMO.
I wouldn't let this one go for anything less than $9100.00 and I ain't letting go.
Somebody needed the money and I helped them out.
I would mention there are some other very nice deals out there right now like I haven't seen since 2009.
Rolex watches hold or increase in value overall with few exceptions.
"Time piece" is correct as would be "wrist watch".
The price here for this one was after taxes was around $7600.00
In present condition with maintenance records and the original box, coupled with all supporting documentation that along with provided C&C certification made this a high value investment IMO.
I wouldn't let this one go for anything less than $9100.00 and I ain't letting go.
Somebody needed the money and I helped them out.
I would mention there are some other very nice deals out there right now like I haven't seen since 2009.
Rolex watches hold or increase in value overall with few exceptions.
This post was edited on 9/25/20 at 5:46 pm
5
Posted on 9/25/20 at 6:10 pm to BarberitosDawg
That’s a nice Rolex. A friend of mine collects vintage watches and he attests to how well they hold their value.
Posted on 9/25/20 at 6:13 pm to BarberitosDawg
A coworker has an Omega Seamaster that I might buy. He recently got it appraised and they came back with $2500 and he will sell it to me for $2000. I'm going to let it stew for a few months and if he still hasn't sold it, offer him $1400 which is what he originally paid. Probably settle somewhere in the middle.
Posted on 9/26/20 at 7:34 pm to BarberitosDawg
quote:Why? Other than snob appeal, what makes them special?
Rolex watches hold or increase in value overall with few exceptions.
Posted on 9/27/20 at 10:24 am to BarberitosDawg
quote:
The price here for this one was after taxes was around $7600.00
I wouldn't let this one go for anything less than $9100.00 and I ain't letting go.
With all due respect it’s worth what someone will pay for it and no one wanted to pay $9100 for something that was bought for $7600.
I don’t think there’s anything wrong with hobby hustle’s like watches, jewelry, etc. it’s fun and if you can make some money great. I would say you are likely much better off flipping them quick then holding them as we really don’t know long term what will happen.
This is no different then owning art, classic cars, etc.
Posted on 9/27/20 at 9:58 pm to BarberitosDawg
quote:
Rolex watches hold or increase in value overall with few exceptions.
That's good to know. My wife wanted me to go up to 57th Street in Manhattan to keep her company while she shopped, but I begged off. Lost about 25k that day.
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