Watches as an investment
Discussion
chrisr29 said:
Ok, look at the cost of a 60s/70s Rolex datejust at a dealers. A steel one is circa £1500. Now, I don't know the cost new originally but I remember in the earely 80s they were about 800 quid, so lets say a 60s one was sub £400....not a brill investment over the time period but if you bought a 70s datejust for 1500 quid (as I did a year or so ago) then history dictates you probably aint gonna lose money on it if you sold it after a few years!
A 1988 oysterdate was £800 new and as you say, maybe £1500 now - so not great when we look at inflation. However, look at the early 1970s Sea Dwellers - £130 new, now maybe £15k or a late 1970s Explorer 2 - £400(?) then, maybe £10k now and lets not even talk about the Milgauss (the real ones). it's all about buying the right watch. Unfortunately you won't know which is the 'right watch' until it's too late to buy it. My hindsight-ometer is pretty good but thats about it!Pete
It all depends on what you want to spend and what you like.
Both my watches are worth around the same as I paid, they are an investment in the way that you could go out and buy a good TAG but it will not hold its value...a good Rolex or Panerai or IWC etc will hold its money, it wont plummet like all other consumables (TV's etc).
Anyway, just go for it and enjoy......
It all depends on what you want to spend and what you like.
Both my watches are worth around the same as I paid, they are an investment in the way that you could go out and buy a good TAG but it will not hold its value...a good Rolex or Panerai or IWC etc will hold its money, it wont plummet like all other consumables (TV's etc).
Anyway, just go for it and enjoy......
Ash 996 GT2 said:
ShadownINja said:
Ash 996 GT2 said:
ShadownINja said:
I had a thought. You could learn to fix watches, buy cheap broken ones, service (or as we say outside of the watch industry, "fix") them and sell them on for profit. The only downside is learning how to fix them could result in the breaking of fixable watches. 
I thought about it before but put paid to the idea when I destroyed a £15 Chinese automatic. However, if anyone wants a free service on their Omega PO, I'm happy to have a bash (I cannot be held responsible for the outcome).
Just off down town to find a second hand Omega.I thought about it before but put paid to the idea when I destroyed a £15 Chinese automatic. However, if anyone wants a free service on their Omega PO, I'm happy to have a bash (I cannot be held responsible for the outcome).
Edited by ShadownINja on Thursday 3rd September 00:11
Can you forward your address and I will send it straight over as soon as it is purchased
Gassing Station | Watches | Top of Page | What's New | My Stuff