Investing in Rolex watches

[rennigade]

2 words...beanie babies! lulz

[kork13]

2 words...beanie babies! lulz

Yeesh.... My mother collected literally hundreds of those things. When she passed, the contents of my family's storage unit found their way into my garage. We tried selling some of those beanie babies, but it was a pain, and we barely got anywhere. We ended up selling them in large batches at a garage sale, and then a lady took away a couple hundred to send off as part of a church charity thing she was a part of.

[scfr]

I agree that it is a generational thing. My husband is one of those guys in his 50's whose material "object of desire" is a high-end watch. He loves to window shop them. I've told him that if he really wants one, buy it. (Suze Orman would tell him he was "approved.") But of course he won't. Maybe in 10 years if the market tanks . . .

[corn18]

I bought these 2 this year. If I don't like them, I can flip them for what I paid (Daytona is used, GMT is new). Will they retain their value in the future? No clue. Right now I'm just enjoying the hobby. In the end, I'll probably end up with just my $60 G-Shock and my 2 custom pilot watches.

[TexasHusker]

I bought these 2 this year. If I don't like them, I can flip them for what I paid (Daytona is used, GMT is new). Will they retain their value in the future? No clue. Right now I'm just enjoying the hobby. In the end, I'll probably end up with just my $60 G-Shock and my 2 custom pilot watches.

Love the GMT. What does a new GMT go for these days ?

[TexasHusker]

I agree that it is a generational thing.

Rolex has been bringing big bucks every generation !

[corn18]

Love the GMT. What does a new GMT go for these days ?

$8950 MSRP and they are hard to find, so that's what they sell for right now.

[TexasHusker]

$8950 MSRP and they are hard to find, so that's what they sell for right now.

Had a black and red one I told for about $2500 10 years ago. 😳

[97guns]

a hard asset is supposed to track inflation and thus shield from it. There is a ton of stuff that you can park your money in and recover your cost or more pretty easy, Harley Davidson is one and I've done well with guns/ammo and higher end knives

[PeggyHefferon]

I bought these 2 this year. If I don't like them, I can flip them for what I paid (Daytona is used, GMT is new). Will they retain their value in the future? No clue. Right now I'm just enjoying the hobby. In the end, I'll probably end up with just my $60 G-Shock and my 2 custom pilot watches.

Are you tracking time in two locations or did one of them stop working?

[97guns]

Are you tracking time in two locations or did one of them stop working?

Batteries probably cost a bundle for those, my brother collects tag huers and I think it's $100 a battery

[TexasHusker]

a hard asset is supposed to track inflation and thus shield from it. There is a ton of stuff that you can park your money in and recover your cost or more pretty easy, Harley Davidson is one and I've done well with guns/ammo and higher end knives

Ferraris are another. If you find a good example that is at least 10 years old, there is an excellent chance you will drive it for free. Very, very few car makes can categorically make such a claim. Driving the same year model of Porsche, Corvette, or pick-your-car, will cost you many $$ thousands more than the F-car.

[TexasHusker]

Batteries probably cost a bundle for those, my brother collects tag huers and I think it's $100 a battery

A Rolex does not run on a battery. That is largely what separates it from TAG, Citzen, etc. It is a finally crafted perpetual movement that is automatically wound by the natural motions of your wrist throughout the day. Thus the term "Oyster Perpetual". The day that Rolex becomes a cheap battery watch is the day it ceases to be a Rolex.

A TAG battery is about 8 bucks at your local Walmart. Source: self.

[PeggyHefferon]

A Rolex does not run on a battery. That is largely what separates it from TAG, Citzen, etc. It is a finally crafted perpetual movement that is automatically wound by the natural motions of your wrist throughout the day. Thus the term "Oyster Perpetual". The day that Rolex becomes a cheap battery watch is the day it ceases to be a Rolex.

A TAG battery is about 8 bucks at your local Walmart. Source: self.

So what you are saying this is that corn18 isn't giving one of his watches enough wrist action?

[corn18]

So what you are saying this is that corn18 isn't giving one of his watches enough wrist action?

That picture was taken at the Rolex dealer when I was looking at the Batman. For some reason, they don't go around and wind/set all the watches every day.