£2k to 'store' in a watch

[WWYD]

The initial message was deleted from this topic on 19 February 2014 at 20:03

[WWYD]

The initial message was deleted from this topic on 19 February 2014 at 20:04

[michael gould]

Well not a TAG or CW . Just to be safe keep the £2k under your mattress .......it will still be worth £2k in a couple of years time but it's buying power may have diminished

[jonny70]

by the time you factor in insurance costs and service , you will probably lose money.

[GC8]

If it was £3,000 then youd be unlikely to lose money on a Rolex sports watch. £2,000 is better off in the bank, though.

There are many Heuer watches and a few TAG Heuer watches which may keep their value, although youre better off with Heuer. Post LVHM sell off pieces are the worst, but TAG Heuer pre sell-off watches are far better and anyone who tells you otherwise doesn't know as much about the company as theyre cracking on.

Edited by GC8 on Sunday 9th February 22:34

[Vvroom]

If you don't take the advice above (re bank) and you are dead set on putting your £2k in a watch-

Rolex DJ in S/S. oyster bracelet. plain white or black dial. Batons rather and Roman numerals. Box and papers.

Pay no more than £1700- can be done. Your money will be safe as houses.



(Disclaimer- your money may not be safe as houses)

Edited by Vvroom on Sunday 9th February 22:34

Edited by Vvroom on Sunday 9th February 22:38

[HOGEPH]

Wanna buy an IWC Mk xvi?

[GC8]

Your money should be safe in a Date or Datejust with an attractive dial and in good condition with papers (and the original box too, Id expect for that sort of money). Theyre far less easy to sell though and I have no idea whether they will get any easier.

[ecain63]

Tudor?

[JRewing]

Perhaps a nearly new Tudor Black Bay?

[gbk]

Going on past performance Rolex is the easy way to go although at £2k not much choice that would make me want to buy.

If I needed something that was guaranteed to keep its value and be quickly realisable at that price point I would put it in the bank. Not exciting or interesting but safe.

[GC8]

I might go for a quartz at that price. Good watches hold their value but its a niche market and Id probably want to remove the battery too, as the owner of an equally difficult to repair Megaquartz.

[yeti]

2k is a funny amount, not enough for a wearble Rolex or wearable JLC Reverso and too much for a nice pre-owned Seamaster or Speedmaster in desirable spec.

Tudor is not a bad call, you will get a pre-owned European Pelagos for 2k or just over. How it will hold its value is anyones guess once they become available in the UK in March.

[dom9]

yeti said:

2k is a funny amount, not enough for a wearble Rolex or wearable JLC Reverso and too much for a nice pre-owned Seamaster or Speedmaster in desirable spec.

Tudor is not a bad call, you will get a pre-owned European Pelagos for 2k or just over. How it will hold its value is anyones guess once they become available in the UK in March.

I'd also recommend Tudor at this price... Should be able to get a new Black Bay or used Pelagos, two of the most well-regarded new watches onto the market last year.

I'd expect prices to be bumped up significantly when Tudor relaunch in the UK this year so your 2nd hand value should be well 'protected'.

Else, get into the nicest Rolex you can, if you can push the budget to £3k and shop around Subs and GMTs become available (though you may need to look overseas).

My Seadweller and Coke GMT are 'cash stores' for me. I love them but I wanted watches that were easily liquidate-able as I have a few business things going on...

They may never go but I needed to know they'd go quickly with zero loss (and most likely a profit) if needs be!

[Hoofy]

Rolex... but then you have to service it every couple of years at a cost of maybe £300.

[yeti]

Hoofy said:

Rolex... but then you have to service it every couple of years at a cost of maybe £300.

More like every 6-10 years, current price is 430 quid.

'Every couple of years' is just not true. Same for all mechanical watches, hardly unique to Rolex.

[GC8]

Also, a little worn watchs service schedule can be stretched greatly. Silly talk of 'oil drying out' aside, its really only the seals which need to be considered.

[Hoofy]

What do Rolex recommend? I thought it was supposed to be every couple of years.

My longest owned watch (over 20 years, Seiko 5) has never been serviced.

[yeti]

Hoofy said:

What do Rolex recommend? I thought it was supposed to be every couple of years.

5 years I believe. However I have never had one serviced; had my Daytona and Sea-Dweller about 8 years I think, both running strongly and keeping COSC time when sold.

[Hoofy]

yeti said:

5 years I believe. However I have never had one serviced; had my Daytona and Sea-Dweller about 8 years I think, both running strongly and keeping COSC time when sold.

Fair enough. I don't doubt they won't run well even if you didn't get them serviced. I think Rolex overestimate things just to make a bit more money out of us - which will then increase the effective cost of the "investment".