Which Sub £10k Rolex will be worth most in 20 years..
Discussion
Check this out to track rising values of Rollies over the years. They don't outperform the stock market
https://www.timerating.com/en/
https://www.timerating.com/en/
audidoody said:
Check this out to track rising values of Rollies over the years. They don't outperform the stock market
https://www.timerating.com/en/
This site has selected 10 Rolexes of an average desirability, apart from Daytona, to compare to the DAX, hardly a fair comparison against one of the world hottest indices over the past 10yrs. https://www.timerating.com/en/
I bought a 1675 with box and papers 5 yrs ago for £4k, now worth £10-£12k, that buries the DAX’s performance in the same period...
If you don’t have a relationship already with a Rolex approved dealer, I think you’re going to be struggling. The most in-demand models can have the longest waiting lists (there’s another argument!) that potentially ruin your 20 year plan, as you might not get one in your hands for a couple of years or more.
Are you going to wear the watch? If so, I’m guessing you want to wear something you like, and if that’s the case, just try to buy whichever stainless steel sports Rolex takes your fancy.
If it’s going to sit in its box for 15-20 years, then get sold, join the queue for a stainless steel Daytona.
However, there’s no absolute guarantee any watch will make money for you.
Are you going to wear the watch? If so, I’m guessing you want to wear something you like, and if that’s the case, just try to buy whichever stainless steel sports Rolex takes your fancy.
If it’s going to sit in its box for 15-20 years, then get sold, join the queue for a stainless steel Daytona.
However, there’s no absolute guarantee any watch will make money for you.
Should have added, I have a day to day deep sea I wear, this is actually a gift for someone but I’d line them to have the most value possible from it in years to come. Will be worn few days a week likely.
So let’s say I do want to get my hands on a sub, and the option of New is going to be too difficult, can you pick up almost new easy or is that just as difficult?
So let’s say I do want to get my hands on a sub, and the option of New is going to be too difficult, can you pick up almost new easy or is that just as difficult?
Bedlamater said:
lostkiwi said:
Watches are tools not investments.
You can do far better with classic cars.
Not wanting to be argumentative but your statement simply isn’t true on all levels. You can do far better with classic cars.
Show me any mainstream watch that has gone up in value as much as a 300SL Mercedes or E-type or Jaguar XK in the past 20 years?
Edited by lostkiwi on Monday 25th March 07:05
To the OP,
The trouble is, they sell for more used. Take a look on the various websites, chrono24 and watchfinder for example. Note those are asking prices.
I bought my Daytona nearly six years ago from Miltons in Chester. They’re a highly regarded used Rolex specialist and pawnbroker. Their prices are fair, plus you can rest assured that your used Rolex is just that, and not a new ‘super fake’ that even catches out some dealers.
The trouble is, they sell for more used. Take a look on the various websites, chrono24 and watchfinder for example. Note those are asking prices.
I bought my Daytona nearly six years ago from Miltons in Chester. They’re a highly regarded used Rolex specialist and pawnbroker. Their prices are fair, plus you can rest assured that your used Rolex is just that, and not a new ‘super fake’ that even catches out some dealers.
Edited by Tony1963 on Monday 25th March 07:07
lostkiwi said:
Really? A watch isn't a tool? And you can't do better on Classic cars?
Show me any mainstream watch that has gone up in value as much as a 300SL Mercedes or E-type or Jaguar XK in the past 15 years?
Lol. The OP has £10k, not the fortunes required for those cars. And many cars have stalled in value, and they’ll drop by fortunes when/if the crash comes. Show me any mainstream watch that has gone up in value as much as a 300SL Mercedes or E-type or Jaguar XK in the past 15 years?
Tony1963 said:
lostkiwi said:
Really? A watch isn't a tool? And you can't do better on Classic cars?
Show me any mainstream watch that has gone up in value as much as a 300SL Mercedes or E-type or Jaguar XK in the past 15 years?
Lol. The OP has £10k, not the fortunes required for those cars. And many cars have stalled in value, and they’ll drop by fortunes when/if the crash comes. Show me any mainstream watch that has gone up in value as much as a 300SL Mercedes or E-type or Jaguar XK in the past 15 years?
5 years ago the going rate for a Land Rover Forward Control 101 was £3.5k. Now you can't find one in running order for under £10k.
When I sold mine for £3.5k 5 years ago I'd only paid £1200 2 years previously.
Just 3 years ago I bought a Mercedes 500SL (r129). I paid £4k for a rust free example in perfect mechanical condition and superb cosmetically. Now it's valued at £8k. It's cost me under £1000 in additional work (new plastic rear screen and replacement top engine loom). In 20 years I'd estimate all going well it will have a value of over £50k and very possibly double that.
Choose well and the potential is far better than any watch.
Edited by lostkiwi on Monday 25th March 07:47
lostkiwi said:
Ok a more reasonable price example.
5 years ago the going rate for a Land Rover Forward Control was £3.5k. Now you can't find one in running order for under £10k.
When I sold mind for £3.5k 5 years ago I'd only paid £1200 2 years previously.
Just 3 years ago I bought a Mercedes 500SL (r129). I paid £4k for a rust free example in perfect mechanical condition and superb cosmetically. Now it's valued at £8k. In 20 years I'd estimate all going well it will have a value of over £50k and very possibly double that.
Choose well and the potential is far better than any watch.
They are very complex cars and cannot be fun on a budget. 5 years ago the going rate for a Land Rover Forward Control was £3.5k. Now you can't find one in running order for under £10k.
When I sold mind for £3.5k 5 years ago I'd only paid £1200 2 years previously.
Just 3 years ago I bought a Mercedes 500SL (r129). I paid £4k for a rust free example in perfect mechanical condition and superb cosmetically. Now it's valued at £8k. In 20 years I'd estimate all going well it will have a value of over £50k and very possibly double that.
Choose well and the potential is far better than any watch.
Welshbeef said:
lostkiwi said:
Ok a more reasonable price example.
5 years ago the going rate for a Land Rover Forward Control was £3.5k. Now you can't find one in running order for under £10k.
When I sold mind for £3.5k 5 years ago I'd only paid £1200 2 years previously.
Just 3 years ago I bought a Mercedes 500SL (r129). I paid £4k for a rust free example in perfect mechanical condition and superb cosmetically. Now it's valued at £8k. In 20 years I'd estimate all going well it will have a value of over £50k and very possibly double that.
Choose well and the potential is far better than any watch.
They are very complex cars and cannot be fun on a budget. 5 years ago the going rate for a Land Rover Forward Control was £3.5k. Now you can't find one in running order for under £10k.
When I sold mind for £3.5k 5 years ago I'd only paid £1200 2 years previously.
Just 3 years ago I bought a Mercedes 500SL (r129). I paid £4k for a rust free example in perfect mechanical condition and superb cosmetically. Now it's valued at £8k. In 20 years I'd estimate all going well it will have a value of over £50k and very possibly double that.
Choose well and the potential is far better than any watch.
FC101s are the epitome of simplicity.
Ziplobb said:
Classic cars
we bought a Fiat Seicento sporting a few weeks ago - there was an article on here about them
it was £100its now worth £500
far better than any Rolex I have ever owned
Also has the advantage that there aren't a million new ones flooding into the market each year, so it has a guaranteed rarity value into the future.we bought a Fiat Seicento sporting a few weeks ago - there was an article on here about them
it was £100its now worth £500
far better than any Rolex I have ever owned
I've nothing against Rolex, but it does feel awfully like the Dutch tulip bulb affair or the recent buy-to-let popularity, with people no longer buying because they like the watch, but simply because they see everyone else doing it to make a fast buck and want in on some easy money.
edit: and it's only worth something once you've actually sold it, until that point it's pretend money that sits there with the same single-market risk exposure that every other hyped-up commodity has.
If the OP wants to buy his friend a Rolex then buy it because it's a damned good watch, not so his friend can sell it on.
Edited by Lorne on Monday 25th March 08:39
All Rolex sports watches are currently as rare as hen’s teeth. None at all in LHR T5 and none here in HK. Not even bimetal ones.
OP I’d say by a Sub or similar on the grey market for overs and it’ll still be a good ‘investment’ compared to other watches. Not as good as one bought for list obviously... but the chances of getting one new any time soon appear to be super-slim.
OP I’d say by a Sub or similar on the grey market for overs and it’ll still be a good ‘investment’ compared to other watches. Not as good as one bought for list obviously... but the chances of getting one new any time soon appear to be super-slim.
Welshbeef said:
lostkiwi said:
129s aren't complex. Not compared to my 230.
FC101s are the epitome of simplicity.
But when I look at your garage those are the comments you’ve posted about it?FC101s are the epitome of simplicity.
The only thing simpler on the r230 is the engine - 24v not 32, 2 cams not 4 and no variable valve timing and less power from the same capacity.
R129:
R230:
Edited by lostkiwi on Monday 25th March 09:07
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