Rolex rage

[HereBeMonsters]

I was setting the date on my Sottomarino on the train this morning, and the chap next to me non-casually flicked his wrist to show off his black Rolex Sub. Which had a ticking second hand. Have they started making quartz watches recently?

[bobbybee]

michael gould said:

That's a ridiculous figure as it also includes the 5b people who earn less than $5000 per year......the point is at production levels of around 8m watches in the past 10 years, a Rolex is about as rare and exclusive as a Cadbury cream egg

but they still make handsome reliable watches that hold their value well compared to the competition ......i'm sure part of the reason is they make their own movements

I don't understand why it is a ridiculous figure, it's just a simple stat per person, not per person who can afford one.
The none exclusive argument very much depends on your environment. I personally know of no one else who owns a Rolex, and I have rarely seen one 'in the wild'

Cream egg sales over a ten year period (to use your time frame) that would be 2,000,000,000 in the UK alone.
Rolex COSC rated movements certified (not actual sales or even whole watches produced) as a percentage of total world movements certified per population, figures for the UK would be 8083 over the same period. Although granted that's on a percentage of total certification.
Therefore your cream egg comparison is stupid & highly inaccurate.

But do agree that some of their model sare good looking work horses

[JREwing]

Further to the comment of gold Rolex wearers being fat old bds, I tried possibly the fattest, oldest, bdest of the lot this morning - a blue Submariner 116613.
It felt too big for my wrist
Maybe I'm not fat old bd enough?

[audidoody]

As long as I can stil buy a Rolex that will double in value every 10 years I will continue to buy Rolexes rather than keep my money in a savings account.

Bought Datejust in 1987 for £800 sold in 2012 for £2200
Pepsi GMT Master II bought in 2003 for £1,900 now offered £3,000 trade-in against a new Explorer II

[Zingari]

Never really been aware of Rolex 'rage'. Worn a Rolex for over 25yrs and treat it as a watch that's there to do a job in all conditions. Wear it from getting up to going to bed.

The more knocks and dings it gets the better it looks IMHO. OK I've tripled my money on the current 20yr old model but as I will never sell it is irrelevant.

[michael gould]

bobbybee said:

michael gould said:

That's a ridiculous figure as it also includes the 5b people who earn less than $5000 per year......the point is at production levels of around 8m watches in the past 10 years, a Rolex is about as rare and exclusive as a Cadbury cream egg

but they still make handsome reliable watches that hold their value well compared to the competition ......i'm sure part of the reason is they make their own movements

I don't understand why it is a ridiculous figure, it's just a simple stat per person, not per person who can afford one.
The none exclusive argument very much depends on your environment. I personally know of no one else who owns a Rolex, and I have rarely seen one 'in the wild'

Cream egg sales over a ten year period (to use your time frame) that would be 2,000,000,000 in the UK alone.
Rolex COSC rated movements certified (not actual sales or even whole watches produced) as a percentage of total world movements certified per population, figures for the UK would be 8083 over the same period. Although granted that's on a percentage of total certification.
Therefore your cream egg comparison is stupid & highly inaccurate.

But do agree that some of their model sare good looking work horses

I think you need to understand the concept of satire .........but at least we agree that Rolexs are good workhorses

[JREwing]

audidoody said:

As long as I can stil buy a Rolex that will double in value every 10 years I will continue to buy Rolexes rather than keep my money in a savings account.

Bought Datejust in 1987 for £800 sold in 2012 for £2200
Pepsi GMT Master II bought in 2003 for £1,900 now offered £3,000 trade-in against a new Explorer II

In fairness, if you take inflation into account you've only made about £200 on the Datejust I think.

[michael gould]

JREwing said:

audidoody said:

As long as I can stil buy a Rolex that will double in value every 10 years I will continue to buy Rolexes rather than keep my money in a savings account.

Bought Datejust in 1987 for £800 sold in 2012 for £2200
Pepsi GMT Master II bought in 2003 for £1,900 now offered £3,000 trade-in against a new Explorer II

In fairness, if you take inflation into account you've only made about £200 on the Datejust I think.

If you bought a Aston Martin DB5 in the 60's for £4200 you would be trading it in for £400.000 today

[bobbybee]

michael gould said:

I think you need to understand the concept of satire .........but at least we agree that Rolexs are good workhorses

I understand the concept of satire thank you.
But, calling my statement ridiculous first, then making the cream egg comment, it came across to me as confrontational then vastly over exaggerated.
But then again to judge someone's tone in written word is very difficult unless you know the author.

Thanks for clearing up your intention, I can now see what you meant, rather than what was written.

May I suggest you need to proof read your comments before posting, to make sure they are taken in the vain intended and cannot be construed as an attack next time.

[Perec]

JREwing said:

audidoody said:

As long as I can stil buy a Rolex that will double in value every 10 years I will continue to buy Rolexes rather than keep my money in a savings account.

Bought Datejust in 1987 for £800 sold in 2012 for £2200
Pepsi GMT Master II bought in 2003 for £1,900 now offered £3,000 trade-in against a new Explorer II

In fairness, if you take inflation into account you've only made about £200 on the Datejust I think.

How many other watches can you wear for 25 years and sell for £200 more than you paid?

[whoami]

michael gould said:

JREwing said:

audidoody said:

As long as I can stil buy a Rolex that will double in value every 10 years I will continue to buy Rolexes rather than keep my money in a savings account.

Bought Datejust in 1987 for £800 sold in 2012 for £2200
Pepsi GMT Master II bought in 2003 for £1,900 now offered £3,000 trade-in against a new Explorer II

In fairness, if you take inflation into account you've only made about £200 on the Datejust I think.

If you bought a Aston Martin DB5 in the 60's for £4200 you would be trading it in for £400.000 today

That's some loss.

[JREwing]

Perec said:

How many other watches can you wear for 25 years and sell for £200 more than you paid?

Oh, I agree. It's good residual value. But it's not doubling every ten years, as the poster said.

[JREwing]

whoami said:

That's some loss.

I'd also like to know where I can get a DB5 for that price

[andy_s]

http://www.forbes.com/sites/jackforster/2012/09/03...

[CardShark]

andy_s said:

http://www.forbes.com/sites/jackforster/2012/09/03...

Great article, really enjoyed that, seemed to sum things up very well

[JREwing]

That article is brilliant. I can't think of a better way to answer this thread!

(PS...after taking a link out of that 116613 it feels sublime. I shall have one at some point )

Edited by JREwing on Saturday 8th June 11:51

[michael gould]

bobbybee said:

michael gould said:

I think you need to understand the concept of satire .........but at least we agree that Rolexs are good workhorses

I understand the concept of satire thank you.
But, calling my statement ridiculous first, then making the cream egg comment, it came across to me as confrontational then vastly over exaggerated.
But then again to judge someone's tone in written word is very difficult unless you know the author.

Thanks for clearing up your intention, I can now see what you meant, rather than what was written.

May I suggest you need to proof read your comments before posting, to make sure they are taken in the vain intended and cannot be construed as an attack next time.

I shall bear it in mind

[michael gould]

whoami said:

michael gould said:

JREwing said:

audidoody said:

As long as I can stil buy a Rolex that will double in value every 10 years I will continue to buy Rolexes rather than keep my money in a savings account.

Bought Datejust in 1987 for £800 sold in 2012 for £2200
Pepsi GMT Master II bought in 2003 for £1,900 now offered £3,000 trade-in against a new Explorer II

In fairness, if you take inflation into account you've only made about £200 on the Datejust I think.

If you bought a Aston Martin DB5 in the 60's for £4200 you would be trading it in for £400.000 today

That's some loss.

Quite right......£400,000.00 even

[Adam B]

They make nice watches and are very successful at it.

They have been criticised on here because they are so "aspirational" which is what makes them so popular or the default choice.

Laughable really, the usual UK disease of despising success in others. Most companies would love to be able to build a brand that was aspirational.

Others dislike the fact that oiks and "nouveau riche" want one and occasionally can buy one - not inverse snobbery but straight snobbery IMHO

If they made 5,000 a year, barely made a profit they would be more respected by the aficionados

[michael gould]

Adam B said:

They make nice watches and are very successful at it.

They have been criticised on here because they are so "aspirational" which is what makes them so popular or the default choice.

Laughable really, the usual UK disease of despising success in others. Most companies would love to be able to build a brand that was aspirational.

Others dislike the fact that oiks and "nouveau riche" want one and occasionally can buy one - not inverse snobbery but straight snobbery IMHO

If they made 5,000 a year, barely made a profit they would be more respected by the aficionados

I think I agree with you..........I certainly agree about the comment of the UK disease of despising success !