Submariner, are they really worth it?
Discussion
I sold a 3 year old (unworn) green ceramic Sub a couple of weeks ago through a local jeweller. He tried punting it around the trade, and the best price he was offered was £3800.
I decided to let him sell it on commission, as he only wanted to make a couple of hundred on the deal if he didn't have to buy it up front.
He sold it within a couple of weeks, and I got what I wanted - £4500. That's £1100 below the list price, but £600 more than I actually paid for it.
I'm keeping my 14060, which I bought secondhand for £1400 about 10 years ago, along with a Steinhart LV, and a couple of lookalikes that I built myself - one based on a Seiko, and the other with an ETA 2824 in a Chinese case (neither of which say "Rolex" on the dial).
I decided to let him sell it on commission, as he only wanted to make a couple of hundred on the deal if he didn't have to buy it up front.
He sold it within a couple of weeks, and I got what I wanted - £4500. That's £1100 below the list price, but £600 more than I actually paid for it.
I'm keeping my 14060, which I bought secondhand for £1400 about 10 years ago, along with a Steinhart LV, and a couple of lookalikes that I built myself - one based on a Seiko, and the other with an ETA 2824 in a Chinese case (neither of which say "Rolex" on the dial).
I got a very good deal on a £5000 Ernest Jones insurance voucher from my estate agent. Was too good to pass up.
Money was earning next to nothing in the bank,and using the voucher to buy a Sub seemed like a safe investment. As it turned out, not quite as good as I anticipated, but better than a savings account.
Money was earning next to nothing in the bank,and using the voucher to buy a Sub seemed like a safe investment. As it turned out, not quite as good as I anticipated, but better than a savings account.
kuro said:
yeti said:
It's like comparing something like an Elise to perhaps a Ferrari 458.
Lotus/Steinhart has bought in mechanicals, rough around the edges, cottage industry etc. but when all is said and done, it's does pretty much the same job and does it well.
The Ferrari/Rolex has the 'in-house' movement as it were and so on. It just is what it is; an icon.
The Rolex is in a different league, primarily because it's what the Steinhart is trying to be. Metallurgy, engineering, quality, warranty, longevity, resale, everything really.
I'll be honest with you; if you didn't get that yourself, then you'd be wasting your money buying one; don't bother as you won't notice the difference.
I own Steinhart and Rolex, both great but the Rolex is special. The Steinhart is merely a decent mechanical watch at a great price.
Lotus/Steinhart has bought in mechanicals, rough around the edges, cottage industry etc. but when all is said and done, it's does pretty much the same job and does it well.
The Ferrari/Rolex has the 'in-house' movement as it were and so on. It just is what it is; an icon.
The Rolex is in a different league, primarily because it's what the Steinhart is trying to be. Metallurgy, engineering, quality, warranty, longevity, resale, everything really.
I'll be honest with you; if you didn't get that yourself, then you'd be wasting your money buying one; don't bother as you won't notice the difference.
I own Steinhart and Rolex, both great but the Rolex is special. The Steinhart is merely a decent mechanical watch at a great price.
Well summed up. Now how am I going to get £5k on a watch past the wife.
With hindsight, a black ceramic would've been a better buy.
The deal was for an Ernest Jones insurance voucher, had to be a new watch.
My original intention was to buy the watch to wear it, but with the option to sell and get my money back. It soon became apparent that if I wore it, I would probably lose money.
Fortunately, my other "investment" idea has proved somewhat more successful - Porsche 964.
The deal was for an Ernest Jones insurance voucher, had to be a new watch.
My original intention was to buy the watch to wear it, but with the option to sell and get my money back. It soon became apparent that if I wore it, I would probably lose money.
Fortunately, my other "investment" idea has proved somewhat more successful - Porsche 964.
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