Better than money in the bank? Really?
Discussion
Stainless Steel Sports Rolexes are the ones that hold their value the best, tend to stay in fashion, and are therefore easiest to sell - hence relatively small discounts from new.
Any Rolex with gold (other than a few white gold models) always take a big hit from new (like the one you've linked to) and are therefore brilliant value nearly new (if you're comparing to RRP - many would say no gold Rolex is good value). In all likelihood though the return later on might be smaller and harder to come by when you try and move it on.
With the twice yearly price increases Rolex now have, buying used is a great way of purchasing the right Rolex, enjoying it for a couple of years, and then moving it on for something different. The previous model Sub was the best example as the price differential between old model (nearly new) and new (unused) was so big. I therefore bought mine, wore it for two years, and could have sold it for not far off a £1k profit.
What I'd always say with watches though is that they're not really great investments, but if you buy correctly, they can be worn, enjoyed, and moved on, at no cost, and maybe even make you some money.
Any Rolex with gold (other than a few white gold models) always take a big hit from new (like the one you've linked to) and are therefore brilliant value nearly new (if you're comparing to RRP - many would say no gold Rolex is good value). In all likelihood though the return later on might be smaller and harder to come by when you try and move it on.
With the twice yearly price increases Rolex now have, buying used is a great way of purchasing the right Rolex, enjoying it for a couple of years, and then moving it on for something different. The previous model Sub was the best example as the price differential between old model (nearly new) and new (unused) was so big. I therefore bought mine, wore it for two years, and could have sold it for not far off a £1k profit.
What I'd always say with watches though is that they're not really great investments, but if you buy correctly, they can be worn, enjoyed, and moved on, at no cost, and maybe even make you some money.
Dolf Stoppard said:
Stainless Steel Sports Rolexes are the ones that hold their value the best, tend to stay in fashion, and are therefore easiest to sell - hence relatively small discounts from new.
Any Rolex with gold (other than a few white gold models) always take a big hit from new (like the one you've linked to) and are therefore brilliant value nearly new (if you're comparing to RRP - many would say no gold Rolex is good value). In all likelihood though the return later on might be smaller and harder to come by when you try and move it on.
With the twice yearly price increases Rolex now have, buying used is a great way of purchasing the right Rolex, enjoying it for a couple of years, and then moving it on for something different. The previous model Sub was the best example as the price differential between old model (nearly new) and new (unused) was so big. I therefore bought mine, wore it for two years, and could have sold it for not far off a £1k profit.
What I'd always say with watches though is that they're not really great investments, but if you buy correctly, they can be worn, enjoyed, and moved on, at no cost, and maybe even make you some money.
Thank you for your input.Any Rolex with gold (other than a few white gold models) always take a big hit from new (like the one you've linked to) and are therefore brilliant value nearly new (if you're comparing to RRP - many would say no gold Rolex is good value). In all likelihood though the return later on might be smaller and harder to come by when you try and move it on.
With the twice yearly price increases Rolex now have, buying used is a great way of purchasing the right Rolex, enjoying it for a couple of years, and then moving it on for something different. The previous model Sub was the best example as the price differential between old model (nearly new) and new (unused) was so big. I therefore bought mine, wore it for two years, and could have sold it for not far off a £1k profit.
What I'd always say with watches though is that they're not really great investments, but if you buy correctly, they can be worn, enjoyed, and moved on, at no cost, and maybe even make you some money.
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