Rolex Long Term Investment Pieces
Discussion
desolate said:
lostkiwi said:
The worst that could happen was I got my £7200 back. I'd call that zero.
Definitely.How did it work?
Or is it too secret.
lostkiwi said:
desolate said:
lostkiwi said:
The worst that could happen was I got my £7200 back. I'd call that zero.
Definitely.How did it work?
Or is it too secret.
bazza.]ikeveal said:
This is an investment:
LOL really if you invested 6k over 5 years how much would you of made ??
My Red Sub on the over hand is now 10k more than I paid for it 5 years ago
And Double Red Sea Dwellers are about 15/20k more than they were 5 years ago
How many Rolex were made back in the 1960/70s ?LOL really if you invested 6k over 5 years how much would you of made ??
My Red Sub on the over hand is now 10k more than I paid for it 5 years ago
And Double Red Sea Dwellers are about 15/20k more than they were 5 years ago
The red subs were rare watches.
Nowadays Rolex make close to 1 million watches a year, a new sub is not rare & is not an investment, it wont sky rocket in value. Yes, as Rolex increase their prices a pre owned ceramic sub will increase in value but will be marginally. By the time you account for service every 10 years & insurance at 1% a year along with inflation you arent making money, at best with a modern Rolex sports you are parking money rather than spending it.
If you want a watch then buy the Rolex and if you are looking for an investment then dont buy the Rolex.
lostkiwi said:
ShareSave scheme at work. The deal we had was at the start of the period the company gave a share price on the day less 20%. We than nominated an amount to pay in to the scheme each month (there are maximums). At the end of the term we get the retail value of the shares on the day we nominate to sell or can hang onto the shares. The company shares did pretty well over the three years my term was for....
BT? I know of a few people who did very well out of thisTheKC said:
I really don't like people buying watches as Investment. Go wear it, enjoy it. Its a watch! Who gives a f
k what its worth in 5 years?
Pretty much my thought whenever I clatter my watch off something, door handle, worktop, next door’s cat etc - it’s not on my list of things to sell, so why brag about its value? (Especially as PH has a large concentration of people whose watches are worth more than mine because they earn more and I should be ashamed)k what its worth in 5 years?If you wanted to be pedantic, one could say I’ve lost its entire value because I had that amount of money, now I don’t and I’m not planning on getting it back...
You know what’s more sickly than the weekly Rolex values thread?
The righteous bleating that comes from people trying to lord it over anyone dares mention it.
Seriously, get over yourselves.
Because you know what, making money can be fun! Especially when you have a hobby that pays for itself.
If I consolidated my collection this morning I think I’d be around £11k up, taking servicing and any other costs into account.
Now, £11k isn’t a life changing amount, but it is a nice Daytona, or a sub and a dress watch for free (seeing as we’re all watch guys).
And having a hobby that allows you to learn, enjoy and actually meet some incredibly interesting people is the icing on the cake.
As I say, I make no bones about what I do in the threads, I’ve used interest free credit cards, bought from pawn shops without boxes and papers, traded on forums and even passed on hard to find watches at cost to friends because they wanted that watch more than me.
All of it was enjoyable, finding the right swing tag and date card to add to one watch, decidbig which CC offered the best deal so I could get it paid off in the shortest time so I wasn’t losing.
I’m having fun, why should you care?
Instead, we have what’s tried to be perceived as a les-affair attitude to jewellery but what actually comes across as a typical British snidey, obnoxious looking down your nose at other people just because anyone dares to not want to lose money on their watch.
It’s typically British and yet I don’t understand it. Perhaps it’s an ignorance thing, people don’t have the ability to spot an under valued item and sit on it for a couple of years, all the while wearing and enjoying it and then shifting it on for more than you paid?
Maybe it’s a jealousy of missing out?
Maybe it’s just plain rudeness?
I guess whatever it is it says more about the poster trying to belittle anyone else than it does about the guy who simply bought a watch, enjoyed it and made a little money.
Live and let live I guess
The righteous bleating that comes from people trying to lord it over anyone dares mention it.
Seriously, get over yourselves.
Because you know what, making money can be fun! Especially when you have a hobby that pays for itself.
If I consolidated my collection this morning I think I’d be around £11k up, taking servicing and any other costs into account.
Now, £11k isn’t a life changing amount, but it is a nice Daytona, or a sub and a dress watch for free (seeing as we’re all watch guys).
And having a hobby that allows you to learn, enjoy and actually meet some incredibly interesting people is the icing on the cake.
As I say, I make no bones about what I do in the threads, I’ve used interest free credit cards, bought from pawn shops without boxes and papers, traded on forums and even passed on hard to find watches at cost to friends because they wanted that watch more than me.
All of it was enjoyable, finding the right swing tag and date card to add to one watch, decidbig which CC offered the best deal so I could get it paid off in the shortest time so I wasn’t losing.
I’m having fun, why should you care?
Instead, we have what’s tried to be perceived as a les-affair attitude to jewellery but what actually comes across as a typical British snidey, obnoxious looking down your nose at other people just because anyone dares to not want to lose money on their watch.
It’s typically British and yet I don’t understand it. Perhaps it’s an ignorance thing, people don’t have the ability to spot an under valued item and sit on it for a couple of years, all the while wearing and enjoying it and then shifting it on for more than you paid?
Maybe it’s a jealousy of missing out?
Maybe it’s just plain rudeness?
I guess whatever it is it says more about the poster trying to belittle anyone else than it does about the guy who simply bought a watch, enjoyed it and made a little money.
Live and let live I guess
LaurasOtherHalf said:
You know what’s more sickly than the weekly Rolex values thread?
The righteous bleating that comes from people trying to lord it over anyone dares mention it.
Seriously, get over yourselves.
Because you know what, making money can be fun! Especially when you have a hobby that pays for itself.
If I consolidated my collection this morning I think I’d be around £11k up, taking servicing and any other costs into account.
Now, £11k isn’t a life changing amount, but it is a nice Daytona, or a sub and a dress watch for free (seeing as we’re all watch guys).
And having a hobby that allows you to learn, enjoy and actually meet some incredibly interesting people is the icing on the cake.
As I say, I make no bones about what I do in the threads, I’ve used interest free credit cards, bought from pawn shops without boxes and papers, traded on forums and even passed on hard to find watches at cost to friends because they wanted that watch more than me.
All of it was enjoyable, finding the right swing tag and date card to add to one watch, decidbig which CC offered the best deal so I could get it paid off in the shortest time so I wasn’t losing.
I’m having fun, why should you care?
Instead, we have what’s tried to be perceived as a les-affair attitude to jewellery but what actually comes across as a typical British snidey, obnoxious looking down your nose at other people just because anyone dares to not want to lose money on their watch.
It’s typically British and yet I don’t understand it. Perhaps it’s an ignorance thing, people don’t have the ability to spot an under valued item and sit on it for a couple of years, all the while wearing and enjoying it and then shifting it on for more than you paid?
Maybe it’s a jealousy of missing out?
Maybe it’s just plain rudeness?
I guess whatever it is it says more about the poster trying to belittle anyone else than it does about the guy who simply bought a watch, enjoyed it and made a little money.
Live and let live I guess
Good post.The righteous bleating that comes from people trying to lord it over anyone dares mention it.
Seriously, get over yourselves.
Because you know what, making money can be fun! Especially when you have a hobby that pays for itself.
If I consolidated my collection this morning I think I’d be around £11k up, taking servicing and any other costs into account.
Now, £11k isn’t a life changing amount, but it is a nice Daytona, or a sub and a dress watch for free (seeing as we’re all watch guys).
And having a hobby that allows you to learn, enjoy and actually meet some incredibly interesting people is the icing on the cake.
As I say, I make no bones about what I do in the threads, I’ve used interest free credit cards, bought from pawn shops without boxes and papers, traded on forums and even passed on hard to find watches at cost to friends because they wanted that watch more than me.
All of it was enjoyable, finding the right swing tag and date card to add to one watch, decidbig which CC offered the best deal so I could get it paid off in the shortest time so I wasn’t losing.
I’m having fun, why should you care?
Instead, we have what’s tried to be perceived as a les-affair attitude to jewellery but what actually comes across as a typical British snidey, obnoxious looking down your nose at other people just because anyone dares to not want to lose money on their watch.
It’s typically British and yet I don’t understand it. Perhaps it’s an ignorance thing, people don’t have the ability to spot an under valued item and sit on it for a couple of years, all the while wearing and enjoying it and then shifting it on for more than you paid?
Maybe it’s a jealousy of missing out?
Maybe it’s just plain rudeness?
I guess whatever it is it says more about the poster trying to belittle anyone else than it does about the guy who simply bought a watch, enjoyed it and made a little money.
Live and let live I guess
LaurasOtherHalf said:
You know what’s more sickly than the weekly Rolex values thread?
The righteous bleating that comes from people trying to lord it over anyone dares mention it.
Seriously, get over yourselves.
Because you know what, making money can be fun! Especially when you have a hobby that pays for itself.
If I consolidated my collection this morning I think I’d be around £11k up, taking servicing and any other costs into account.
Now, £11k isn’t a life changing amount, but it is a nice Daytona, or a sub and a dress watch for free (seeing as we’re all watch guys).
And having a hobby that allows you to learn, enjoy and actually meet some incredibly interesting people is the icing on the cake.
As I say, I make no bones about what I do in the threads, I’ve used interest free credit cards, bought from pawn shops without boxes and papers, traded on forums and even passed on hard to find watches at cost to friends because they wanted that watch more than me.
All of it was enjoyable, finding the right swing tag and date card to add to one watch, decidbig which CC offered the best deal so I could get it paid off in the shortest time so I wasn’t losing.
I’m having fun, why should you care?
Instead, we have what’s tried to be perceived as a les-affair attitude to jewellery but what actually comes across as a typical British snidey, obnoxious looking down your nose at other people just because anyone dares to not want to lose money on their watch.
It’s typically British and yet I don’t understand it. Perhaps it’s an ignorance thing, people don’t have the ability to spot an under valued item and sit on it for a couple of years, all the while wearing and enjoying it and then shifting it on for more than you paid?
Maybe it’s a jealousy of missing out?
Maybe it’s just plain rudeness?
I guess whatever it is it says more about the poster trying to belittle anyone else than it does about the guy who simply bought a watch, enjoyed it and made a little money.
Live and let live I guess
I have no objection to folks making a little money from watches they've bought then sold later (hey, I've done it myself on Omegas).The righteous bleating that comes from people trying to lord it over anyone dares mention it.
Seriously, get over yourselves.
Because you know what, making money can be fun! Especially when you have a hobby that pays for itself.
If I consolidated my collection this morning I think I’d be around £11k up, taking servicing and any other costs into account.
Now, £11k isn’t a life changing amount, but it is a nice Daytona, or a sub and a dress watch for free (seeing as we’re all watch guys).
And having a hobby that allows you to learn, enjoy and actually meet some incredibly interesting people is the icing on the cake.
As I say, I make no bones about what I do in the threads, I’ve used interest free credit cards, bought from pawn shops without boxes and papers, traded on forums and even passed on hard to find watches at cost to friends because they wanted that watch more than me.
All of it was enjoyable, finding the right swing tag and date card to add to one watch, decidbig which CC offered the best deal so I could get it paid off in the shortest time so I wasn’t losing.
I’m having fun, why should you care?
Instead, we have what’s tried to be perceived as a les-affair attitude to jewellery but what actually comes across as a typical British snidey, obnoxious looking down your nose at other people just because anyone dares to not want to lose money on their watch.
It’s typically British and yet I don’t understand it. Perhaps it’s an ignorance thing, people don’t have the ability to spot an under valued item and sit on it for a couple of years, all the while wearing and enjoying it and then shifting it on for more than you paid?
Maybe it’s a jealousy of missing out?
Maybe it’s just plain rudeness?
I guess whatever it is it says more about the poster trying to belittle anyone else than it does about the guy who simply bought a watch, enjoyed it and made a little money.
Live and let live I guess
What I find annoying is the "Which Rolex (because its invariably Rolex) should I buy as an investment?"
The reason I find it annoying is because they aren't buying for the watch's intrinsic features, technology, style, build quality, history or even how it looks. To them the watch is simply a balance sheet item. Thats not an interest in watches - its an interest in money.
For me I buy in the main to keep. I've sold watches in the past simply as a means to get funds to upgrade to the next watch. Its never been a consideration when buying as to what it will be worth in a few years. I buy only because there is something about the watch that appeals.
Either style (Graham Chronofighters, B&R), back story (Omega Speedmaster/Bulova Lunar Pilot), history (original H.Moser et Cie) or some form of emotional attachment (Magrette). Even then if I don't like how it looks on my wrist I won't buy it no matter how good the style/back story/history. Possible financial reward at a later date just isn't a consideration.
That’s fine lostkiwi but, wouldn’t you find it wholly strange if I looked down on you because you failed to make money from your hobby like I do?
Because all the sneering and posturing on these threads is tantamount to doing exactly that. Pomposity directed towards your fellow collectors and enthusiasts because they don’t share your view. The cleric looking down on the clergy I suppose.
We both love watches but buy and wear for different reasons, where’s the harm in that?
Because all the sneering and posturing on these threads is tantamount to doing exactly that. Pomposity directed towards your fellow collectors and enthusiasts because they don’t share your view. The cleric looking down on the clergy I suppose.
We both love watches but buy and wear for different reasons, where’s the harm in that?
- for full and frank clarification I must point out that I bought and own a Cellini-so I’m not all bad!
7184c said:
lostkiwi said:
ShareSave scheme at work. The deal we had was at the start of the period the company gave a share price on the day less 20%. We than nominated an amount to pay in to the scheme each month (there are maximums). At the end of the term we get the retail value of the shares on the day we nominate to sell or can hang onto the shares. The company shares did pretty well over the three years my term was for....
BT? I know of a few people who did very well out of thisThey are low risk certainly.
Plenty of people have lost money on company share schemes.
LaurasOtherHalf said:
Because all the sneering and posturing on these threads is tantamount to doing exactly that. Pomposity directed towards your fellow collectors and enthusiasts because they don’t share your view. The cleric looking down on the clergy I suppose.
We both love watches but buy and wear for different reasons, where’s the harm in that?
Excellent posts - both this and your earlier one.We both love watches but buy and wear for different reasons, where’s the harm in that?
desolate said:
7184c said:
lostkiwi said:
ShareSave scheme at work. The deal we had was at the start of the period the company gave a share price on the day less 20%. We than nominated an amount to pay in to the scheme each month (there are maximums). At the end of the term we get the retail value of the shares on the day we nominate to sell or can hang onto the shares. The company shares did pretty well over the three years my term was for....
BT? I know of a few people who did very well out of thisThey are low risk certainly.
Plenty of people have lost money on company share schemes.
You were guaranteed to get back what you put in as a minimum.
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