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

[mikerons88]

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

[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...

[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!

[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.

[mikerons88]

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.