re: Inherited a Rolex. Update

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jewelry is not an investment, and does not appreciate

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1665, 16660, and especially 5517 could be bought fairly reasonable in the past now try to buy one.
Here is a military 5513 that I thought was fairly questionable and it bid up to $50000 and the guy no sold it.
5513

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but you cannot say that Rolexes, Omegas, Audemars, Vacheron and Constantine and similar watches don't appreciate.

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There are models and specialty pieces that appreciate, but as a rule watches don't appreciate--no matter what your watch dealer tells you.

Watches in general are not a financial investment. It's laughable that people still try to sell that line (not you, but the people who sell watches). They are vanity pieces, like many other high-dollar items. And I have 3 Omegas. I love em, but they aren't anything special and they aren't appreciating. They just tell people that I put some thought into everything I put on my body. My favorite watch is a $1000 Hamilton Khaki Navy UTC.

What a fricking loser..

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And anything over 42mm you look like a clown trying too hard unless you are 6'5.

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This is a stretch.

But for me, I'm 6'0 180 and don't have huge wrists, my Seiko 007 is about as large as I can really go. I like the Steinhart Ocean 1, but they are just too big for me.

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And anything over 42mm you look like a clown trying too hard unless you are 6'5.

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this is as dumb as a 36 being too small.

I'm 5'9 and have a 37, 42 and 46 as my weekly wearers. I use to have a 53 uboat but will admit that it was too much, so I got rid of it.

Not going through all of these pages?

What was the overall size, 32-36mm case?

If not a special serial or transitional Rolex, its probably not worth as much as you think. But some DO appreciate. The OP got it for free. His family member paid very little compared to what a replacement would be worth.

Does the OP have a wife or SO that he would want to give it to? These watches look good on women. They are the size now that women wear. 50 years ago women wanted something no bigger than a bracelet and men wore 35mm watches. If she loves the watch and you love her and TRUST her, give it to her.

"There are models and specialty pieces that appreciate, but as a rule watches don't appreciate--no matter what your watch dealer tells you.

Watches in general are not a financial investment. It's laughable that people still try to sell that line (not you, but the people who sell watches). They are vanity pieces, like many other high-dollar items. And I have 3 Omegas. I love em, but they aren't anything special and they aren't appreciating. They just tell people that I put some thought into everything I put on my body. My favorite watch is a $1000 Hamilton Khaki Navy UTC."


Rolex holds their own better than most on this. By steady price increases and not coming out with too many models they protect they somewhat protect the value. My sea-dweller I paid $3k for in 1997 is worth $5-6k on the watch forums. I have a a panerai and a omega planet ocean that are tanking but luckily I got them for 35% off. Because of this I would never walk into a boutique and pay anywhere near retail. I like to flip my watches too much.

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many models they protect they somewhat protect the value. My sea-dweller I paid $3k for in 1997 is worth $5-6k on the watch forums.

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Two words..... Red Seadweller.

Or 2 more.... Red Submariner.

Just an update. Watch was real for all the people trying to say it was not. Took it to an authorized Rolex dealer and received an offer of 1050.00. Tried a gold/jewelry buyer and was offered about the same. Decided that we would try to sell to an individual instead of someone that had to make money after buying it. 2 days on CL and it was sold for 1750.00. Thanks for the help/advice and the grammar lesson.