Investing in watches

[JapanRed]

I don’t really want this thread to be about why I shouldn’t invest in watches, as I’m going to do it regardless.

I’ve got some money in a bank account earning 1.5% interest. I don’t want to put it away long term as I may need access to it (and I’ve got investments in a few other areas already).

So I’m going to buy a couple of watches. I don’t really mind if it/they go up in value, or even if they stay at the same value, but what I don’t want is to get back substantially less than I paid.

I’ve had 3 Omegas in the past (have 2 currently) and have made money on all 3.

Budget is approx £10k per watch (£20-25k overall budget) but to reduce risk it may be best to have a few watches at around £5k rather than 2 at £10k.

Like I said, would be great if they went up in value but my main concern is to avoid losing money.

What would you recommend?

[Pupp]

JapanRed said:

What would you recommend?

Not doing it; sorry.

[Kickstart]

Rolex stainless sports models - probably bought new from dealer (just be patient)
If you went to dealer outside prime SE and ordered Submariner, GMT BLNR there has got to a good chance that they would supply you a Daytona

Good luck

Personally I would put the money in tracker funds

[Welshbeef]

Kickstart said:

Rolex stainless sports models - probably bought new from dealer (just be patient)
If you went to dealer outside prime SE and ordered Submariner, GMT BLNR there has got to a good chance that they would supply you a Daytona

Good luck

Personally I would put the money in tracker funds

https://www.ft.com/content/e1dc1286-0ccb-11e8-bacb-2958fde95e5e

Or maybe not

[thebraketester]

It’s hardly an investment if they don’t go up much in value is it?

[JapanRed]

Pupp - no need to be sorry. No need to post on the thread at all if you are that way inclined.

Kickstarter - thanks very much for the helpful advice. Any particular models?

Braketester - I can’t stand to see my 6 figures that are sat in the bank earn just 1.5% (I can’t get more as I can’t afford to tie it into long term investments as we are considering an extension on our house or moving, plus I already have investments in property, tracker funds, high interest accounts, a car and 2 watches so don’t feel the need to do any more of this). I’d be happy to lose the 1.5% I’m earning and break even. You can call it an investment in my happiness if it makes you feel better ;-)

[Dolf Stoppard]

As above, any SS sports Rolex. Subs, Seadwellers and Daytonas are probably your best bet. Only buy new if it means you don't have to pay over list for in demand models eg BLNR. Otherwise, I'd buy used. With £25k I'd probably go for any type of green Sub (Hulk / Kermit) and a non ceramic, non-date Sub. I'd round things off with a non-ceramic Daytona.

[Welshbeef]

What about Hublot or Patak?

[bobbybee]

Welshbeef said:

What about Hublot or Patak?

Hublot sink like a stone, and are more in the “fashion” area of watches.

Patak make reasonable curry sauce, but they’re more likely to go off than appreciate long term

[LaurasOtherHalf]

JapanRed said:

I don’t really want this thread to be about why I shouldn’t invest in watches, as I’m going to do it regardless.

I’ve got some money in a bank account earning 1.5% interest. I don’t want to put it away long term as I may need access to it (and I’ve got investments in a few other areas already).

So I’m going to buy a couple of watches. I don’t really mind if it/they go up in value, or even if they stay at the same value, but what I don’t want is to get back substantially less than I paid.

I’ve had 3 Omegas in the past (have 2 currently) and have made money on all 3.

Budget is approx £10k per watch (£20-25k overall budget) but to reduce risk it may be best to have a few watches at around £5k rather than 2 at £10k.

Like I said, would be great if they went up in value but my main concern is to avoid losing money.

What would you recommend?

Increase your budget per watch and buy fewer. I'm liquidating my collection, PM if you're interested.

[Welshbeef]

bobbybee said:

Welshbeef said:

What about Hublot or Patak?

Hublot sink like a stone, and are more in the “fashion” area of watches.

Patak make reasonable curry sauce, but they’re more likely to go off than appreciate long term

Haha sorry my iPhone predictive text as we use that brand a lot.

Patek is the brand of watch I mean.

[lostkiwi]

JapanRed said:

I can’t stand to see my 6 figures that are sat in the bank earn just 1.5% (I can’t get more as I can’t afford to tie it into long term investments as we are considering an extension on our house or moving, plus I already have investments in property, tracker funds, high interest accounts, a car and 2 watches so don’t feel the need to do any more of this). I’d be happy to lose the 1.5% I’m earning and break even. You can call it an investment in my happiness if it makes you feel better ;-)

A watch is a long term investment unless you buy popular Rolexes to flip to some mug who can't wait and is willing to pay over the odds. Thing is you'll need to join the silly waiting lists to get them at a low enough price.

[JapanRed]

Dolf Stoppard said:

As above, any SS sports Rolex. Subs, Seadwellers and Daytonas are probably your best bet. Only buy new if it means you don't have to pay over list for in demand models eg BLNR. Otherwise, I'd buy used. With £25k I'd probably go for any type of green Sub (Hulk / Kermit) and a non ceramic, non-date Sub. I'd round things off with a non-ceramic Daytona.

Thanks very much. Exactly the type of info I wanted. Assume by SS you mean stainless steel? I’ve googled BLNR and it brings up a few watches but what exactly does BLNR stand for?

[JapanRed]

LaurasOtherHalf said:

JapanRed said:

I don’t really want this thread to be about why I shouldn’t invest in watches, as I’m going to do it regardless.

I’ve got some money in a bank account earning 1.5% interest. I don’t want to put it away long term as I may need access to it (and I’ve got investments in a few other areas already).

So I’m going to buy a couple of watches. I don’t really mind if it/they go up in value, or even if they stay at the same value, but what I don’t want is to get back substantially less than I paid.

I’ve had 3 Omegas in the past (have 2 currently) and have made money on all 3.

Budget is approx £10k per watch (£20-25k overall budget) but to reduce risk it may be best to have a few watches at around £5k rather than 2 at £10k.

Like I said, would be great if they went up in value but my main concern is to avoid losing money.

What would you recommend?

Increase your budget per watch and buy fewer. I'm liquidating my collection, PM if you're interested.

PM sent

[LaurasOtherHalf]

JapanRed said:

Dolf Stoppard said:

As above, any SS sports Rolex. Subs, Seadwellers and Daytonas are probably your best bet. Only buy new if it means you don't have to pay over list for in demand models eg BLNR. Otherwise, I'd buy used. With £25k I'd probably go for any type of green Sub (Hulk / Kermit) and a non ceramic, non-date Sub. I'd round things off with a non-ceramic Daytona.

Thanks very much. Exactly the type of info I wanted. Assume by SS you mean stainless steel? I’ve googled BLNR and it brings up a few watches but what exactly does BLNR stand for?

BLue NoiR, the colour of the bezel

PM, received will respond with links later buddy.

[Pupp]

JapanRed said:

Pupp - no need to be sorry. No need to post on the thread at all if you are that way inclined.

Assuming you post up on a public forum how well your six-figure 'investment' in disposable consumer goods goes, mind if I comment on that?

[T6 vanman]

lostkiwi said:

JapanRed said:

I want to make money ;-)

A watch is a long term investment unless you buy popular Rolexes to flip to some mug who can't wait and is willing to pay over the odds. Thing is you'll need to join the silly waiting lists to get them at a low enough price.

To add my two peneth into the forum,
New SS Rolex's ill give you a "reasonably" risk free bonus on your stake,

For an investment you need a watch that is
1, limited edition / supply
2, Sought after

You will need to put in some time and energy in understanding what is 1 & 2

My 2 watch "pension scheme" are an Omega snoopy & a NR FF Blancpain
the first is proving strong increase in value and as limited edition & representing something likely never to drop
the second …. will always be worth a sum of money as limited to 500 & a quality brand, I like it and it's a grail watch to me so I won't complain if it looses value but it is likely to appreciate like the snoopy

SS Rolex's BLNR, Kermits, DSSD etc are made in their 10,000s and whilst strong at present ... just look how many are for sale in Chrono24, & watch stores worldwide .. a bubble bursting amount??

Again just my thought's
Regards
A pauper

[JapanRed]

Pupp said:

JapanRed said:

Pupp - no need to be sorry. No need to post on the thread at all if you are that way inclined.

Assuming you post up on a public forum how well your six-figure 'investment' in disposable consumer goods goes, mind if I comment on that?

Sorry Pupp you’ve lost me. PM me please

[JapanRed]

T6 vanman said:

lostkiwi said:

JapanRed said:

I want to make money ;-)

A watch is a long term investment unless you buy popular Rolexes to flip to some mug who can't wait and is willing to pay over the odds. Thing is you'll need to join the silly waiting lists to get them at a low enough price.

To add my two peneth into the forum,
New SS Rolex's ill give you a "reasonably" risk free bonus on your stake,

For an investment you need a watch that is
1, limited edition / supply
2, Sought after

You will need to put in some time and energy in understanding what is 1 & 2

My 2 watch "pension scheme" are an Omega snoopy & a NR FF Blancpain
the first is proving strong increase in value and as limited edition & representing something likely never to drop
the second …. will always be worth a sum of money as limited to 500 & a quality brand, I like it and it's a grail watch to me so I won't complain if it looses value but it is likely to appreciate like the snoopy

SS Rolex's BLNR, Kermits, DSSD etc are made in their 10,000s and whilst strong at present ... just look how many are for sale in Chrono24, & watch stores worldwide .. a bubble bursting amount??

Again just my thought's
Regards
A pauper

Thanks for the post T6. One of my watches is also a Snoopy anniversary (the latest white one not the older black one) - I’ve seen 230% growth in under 2 years which is nice. Wish I’d have bought more now when I had the opportunity. Turned 2 more down :-( Any guesses on how high they could go?

[Pupp]

JapanRed said:

Pupp said:

JapanRed said:

Pupp - no need to be sorry. No need to post on the thread at all if you are that way inclined.

Assuming you post up on a public forum how well your six-figure 'investment' in disposable consumer goods goes, mind if I comment on that?

Sorry Pupp you’ve lost me. PM me please

Sorry JR, tutoring comprehension by private message is not in my existing skill set, or an aspiration to acquire. Good luck with the spunking away