Better than money in the bank? Really?

[mikerons88]

Hi all, Per title
http://www.ebay.co.uk/itm/2013-ROLEX-SUBMARINER-ST...
Tells me these are safe money, but it looks to be a business to presumably they would have more chance of selling it than me doing so privately.

I really like these and I have the money saved but it is also nice for the man maths if they really hold the value

Also, a neewb question, how often is service needed?

Thanks

[Quinny]

Money in the bank is worth next to nothing..... So my view is that if I want something, and I have the money in the bank, I might as well buy it..

[mikerons88]

True
I am a big fan of these watches just curious what you guys think of current price / future value?
Thanks in advance

[fwaggie]

A November 2013 watch, so it isn't new, and the advert says "SERIAL NO: NEW RANDOM."?

Make sure you get it authenticated properly. Maybe a mistake in the ad, but would you make a mistake like that if you were selling something of that value?

[38911]

Its quite common to see Rolex advertised with 'random serial number'. Nothing fishy about it - it just means it was manufactured after 2011. Prior to then the first letter of the serial number gave a rough indication when a case was stamped.

R 1987
L 1988
E 1990
X 1991
N 1991 (Nov)
C 1992
S 1993
W 1994
T 1996
U 1997 (Aug)
A 1998 (Nov)
P 2000 (Jan)
K 2001 (Sep)
Y 2002 (Sep)
F 2003 (Sep)
D 2005 (Apr)
Z 2006 (May)
M 2007 (Aug)
V 2008 (Aug)
G 2010 (July)

After that they went Random...

That said, if you wanted a Rolex purely as an investment (i.e. with an aim of getting the value back at some point in the future), a Stainless Steel sub would probably fare better, rather than the stainess/gold one advertised.

Also I believe a lot of people recommend going for the pre-ceramic bezel rather than the later ceramic.

Personally I don't think you can go far wring with a two-line no-date stainless sub with box and papers - around £3,500 easily buys a mint one which is very unlikely to lose much...

Edited by 38911 on Saturday 20th December 17:48

[mikerons88]

38911 said:

Its quite common to see Rolex advertised with 'random serial number'. Nothing fishy about it - it just means it was manufactured after 2011. Prior to then the first letter of the serial number gave a rough indication when a case was stamped.

R 1987
L 1988
E 1990
X 1991
N 1991 (Nov)
C 1992
S 1993
W 1994
T 1996
U 1997 (Aug)
A 1998 (Nov)
P 2000 (Jan)
K 2001 (Sep)
Y 2002 (Sep)
F 2003 (Sep)
D 2005 (Apr)
Z 2006 (May)
M 2007 (Aug)
V 2008 (Aug)
G 2010 (July)

After that they went Random...

That said, if you wanted a Rolex purely as an investment (i.e. with an aim of getting the value back at some point in the future), a Stainless Steel sub would probably fare better, rather than the stainess/gold one advertised.

Also I believe a lot of people recommend going for the pre-ceramic bezel rather than the later ceramic.

Personally I don't think you can go far wring with a two-line no-date stainless sub with box and papers - around £3,500 easily buys a mint one which is very unlikely to lose much...

Edited by 38911 on Saturday 20th December 17:48

Thank you for the comments. I see what you're saying, issue being, I like the colour combo of that watch I linked. Not so much interested in making a lot, just not losing a lot.

I welcome some watch links...

[38911]

if you live anywhere near the Midlands, I'd recommend a trip to the Jewellery Quarter in Birmingham so you can try a few on. At any given time, there will probably be upwards of 100 2nd hand Rolex's available for sale in the various shops - you can see what suits you and also check what you're getting before you part with any cash?

Whatever you do though, proper Rolex papers are essential if you want to maintain saleability in future

[yeti]

That particular watch won't hold its value.

All steel Rolex and 5 years plus is what's reckoned nowadays to see your money back unless you buy very well. The bubble has burst to an extent.

It's more important to buy what you want, or really don't bother. You can get much of the looks from a £300 Steinhart and the most you can ever lose is £300!

[Hoofy]

Just wondering - wouldn't buying from a retailer mean you're paying more? You're looking for an investment and their cut eats into your profit.

Also, someone replied with "won't lose much". That doesn't make for a great investment! Might as well buy 8 1990s Golfs for the same price as they won't lose much either.

[mikerons88]

Hoofy said:

Just wondering - wouldn't buying from a retailer mean you're paying more? You're looking for an investment and their cut eats into your profit.
.

Already addressed in first post

[mikerons88]

Hoofy said:

Also, someone replied with "won't lose much". That doesn't make for a great investment! Might as well buy 8 1990s Golfs for the same price as they won't lose much either.

WTF!

[Zingari]

Two tone Rolex dont seem to hold the value of their stainless steel counterparts plus they go in and out of fashion.

I had one of these a few years back to scratch the itch and paid a third of that price but sold it after a few months as IMHO it is too blingy secondhand car dealer type. 18ct is also unforgiving in terms of scratches, knocks and stretch in the bracelet.

Doesn't look too bad in all gold if that's your bag but to me stainless steel is the classic one to own as it can be worn for all occasions. Also you will be unlucky if you lose money with SS. Plus at 21yrs old the more knocks/dings mine gets the more I like it.

Also om servicing, if you wear it regularly dont bother until it needs one. Mine was last serviced in 1996.

[aeropilot]

38911 said:

Its quite common to see Rolex advertised with 'random serial number'. Nothing fishy about it - it just means it was manufactured after 2011.


G 2010 (July)

After that they went Random...

They were random serial before 2011.

I bought my 16610 Sub new in March 2010 and it's a random serial.

[yeti]

mikerons88 said:

Already addressed in first post

If you wish to play that game - every question you've asked has already been asked and answered on the forum.

Do a search.

[mikerons88]

yeti said:

If you wish to play that game - every question you've asked has already been asked and answered on the forum.

Do a search.

[nikaiyo2]

I recon Air King, Day Date, President, Turnograph or even Celinis are better as a pure investment, they are so cheap compared to subs, and fashions change so rapidly it is only a matter of time before these come back

[Hoofy]

mikerons88 said:

Hoofy said:

Also, someone replied with "won't lose much". That doesn't make for a great investment! Might as well buy 8 1990s Golfs for the same price as they won't lose much either.

WTF!

You could probably pick up 8 M Reg Mark 3 Golfs for £6k in total and sell them a couple of years later for about £6k. Your Rolex would require a service and if it's a case of "won't lose much" then like the Golfs, you would probably break even.

[fwaggie]

38911 said:

Its quite common to see Rolex advertised with 'random serial number'. Nothing fishy about it - it just means it was manufactured after 2011. Prior to then the first letter of the serial number gave a rough indication when a case was stamped.

R 1987
L 1988
E 1990
...

So the intention isn't to quote the whole serial number, but (pre 2011) to quote the first letter to give the buyer a verification of the age of the watch?

I see, thanks.

[sealtt]

Buy used and buy well and hope a new volume-oriented strategy doesn't gain momentum at Rolex HQ!

[TheJimi]

nikaiyo2 said:

I recon Air King, Day Date, President, Turnograph or even Celinis are better as a pure investment, they are so cheap compared to subs, and fashions change so rapidly it is only a matter of time before these come back

That's actually not a bad point.

Air Kings do seem to be good value, particular used.