Discussion
Ninjin said:
By comparing price at MRRP and secondary brand new. The premium as a precentage is not as great as compared to a Sub or GMT as example.
Explorer 1 & 2? Yachtmaster of varying flavours?Way more nuance than your sweeping statement. Just this week I was offered a white gold submariner and full rose gold GMT, both of which would be worth many thousands of pounds less than RRP as soon as I walked out of the shop.
If I were to recommend a long term investment, I’d advise a relatively cheap (compared to new RRP) Sea Dweller Anniversary from 2017-2018 with the mk1 dial.
No one has yet cottoned on to these but in ten to fifteen years you watch the price sky rocket just like the fat four sub anniversary’s.
The OP posted a simple question and I gave a generalised answer. He asked about a SS watch and I compared it to other SS references.
Sure there are examples of references out there that don't fit the generalisations, such as you mentioned, a PM GMT fetch under list when a Platona is crazy above. Even within the same model, a discontinued Smurf fetches overs when the current iteration plummets as soon as you walk out of the AD.
It seems as you have good knowledge of the secondary market pricing but I would hesitate at posting any advice on what would be a good investment.
Sure there are examples of references out there that don't fit the generalisations, such as you mentioned, a PM GMT fetch under list when a Platona is crazy above. Even within the same model, a discontinued Smurf fetches overs when the current iteration plummets as soon as you walk out of the AD.
It seems as you have good knowledge of the secondary market pricing but I would hesitate at posting any advice on what would be a good investment.
graham 500 said:
Thinking of buying a Rolex deep sea 10 to 12k I know it’s an open ended question but are they an investment like some say?
If you are looking to turn £10,000 into £20,000 or £30,000 over time then there are much better things to invest that money in. If you are looking for a watch to enjoy wearing and your favourite watch is the Deep Sea then absolutely buy one...if you are allowed.Definitely not bashing the OP with my following statement, just talking sweepingly but this is my observation about this whole ‘watch as an investment’ thing.
You wouldn’t go and buy a new car you loved expecting or needing it to hold its value when you drive it away from the dealership. You buy it because you want it. In the same way you shouldn’t buy a watch to hold its value if you genuinely loved watches or the watch. The only reason you would buy a watch and want it to also hold its value or increase in value is because either:
1. You can’t really afford to take a loss on the watch or are spending money you shouldn’t.
Or
2. You don’t really love watches but you want to buy something to impress other people or have what other people are currently buying too, and you need to know the money will still be there over time.
I can’t think of any other reason...?
ps. I have been a watch and clock enthusiast for decades so I am not doing the “I don’t understand why people spend thousands of pounds on expensive watches when a Casio keeps better time” thing. I do completely understand why people spend thousands, and even millions on watches!
A genuine watch enthusiast can take opinion ‘1’ above of course.
I’ll duck back down behind the parapet now.
You wouldn’t go and buy a new car you loved expecting or needing it to hold its value when you drive it away from the dealership. You buy it because you want it. In the same way you shouldn’t buy a watch to hold its value if you genuinely loved watches or the watch. The only reason you would buy a watch and want it to also hold its value or increase in value is because either:
1. You can’t really afford to take a loss on the watch or are spending money you shouldn’t.
Or
2. You don’t really love watches but you want to buy something to impress other people or have what other people are currently buying too, and you need to know the money will still be there over time.
I can’t think of any other reason...?
ps. I have been a watch and clock enthusiast for decades so I am not doing the “I don’t understand why people spend thousands of pounds on expensive watches when a Casio keeps better time” thing. I do completely understand why people spend thousands, and even millions on watches!
A genuine watch enthusiast can take opinion ‘1’ above of course.
I’ll duck back down behind the parapet now.
Geertsen said:
You wouldn’t go and buy a new car you loved expecting or needing it to hold its value when you drive it away from the dealership. You buy it because you want it. In the same way you shouldn’t buy a watch to hold its value if you genuinely loved watches or the watch. The only reason you would buy a watch and want it to also hold its value or increase in value is because either:
1. You can’t really afford to take a loss on the watch or are spending money you shouldn’t.
Or
2. You don’t really love watches but you want to buy something to impress other people or have what other people are currently buying too, and you need to know the money will still be there over time.
There's another perspective - not saying this is the OP's (or mine) - but it lies behind a chunk of the fine art, vintage wine and classic car markets. 1. You can’t really afford to take a loss on the watch or are spending money you shouldn’t.
Or
2. You don’t really love watches but you want to buy something to impress other people or have what other people are currently buying too, and you need to know the money will still be there over time.
Some people aren't really buying the object, they're trying to find a home for their money. I think I'm right in saying that, unless HMRC decides you are a dealer, you can get very favourable tax treatments on increases in value in things like cars and watches (not sure about art & wine?). In world where the number of high net worth people hasn't really changed, but trust in the performance of traditional investments has been wobbling, some people will be looking for all sorts of forms of alternative investments, including watches.
Whether you or I would buy a Rolex Deepsea for that reason, or whether it's objectively a smart move, doesn't alter the above.
Fullook said:
Geertsen said:
You wouldn’t go and buy a new car you loved expecting or needing it to hold its value when you drive it away from the dealership. You buy it because you want it. In the same way you shouldn’t buy a watch to hold its value if you genuinely loved watches or the watch. The only reason you would buy a watch and want it to also hold its value or increase in value is because either:
1. You can’t really afford to take a loss on the watch or are spending money you shouldn’t.
Or
2. You don’t really love watches but you want to buy something to impress other people or have what other people are currently buying too, and you need to know the money will still be there over time.
There's another perspective - not saying this is the OP's (or mine) - but it lies behind a chunk of the fine art, vintage wine and classic car markets. 1. You can’t really afford to take a loss on the watch or are spending money you shouldn’t.
Or
2. You don’t really love watches but you want to buy something to impress other people or have what other people are currently buying too, and you need to know the money will still be there over time.
Some people aren't really buying the object, they're trying to find a home for their money. I think I'm right in saying that, unless HMRC decides you are a dealer, you can get very favourable tax treatments on increases in value in things like cars and watches (not sure about art & wine?). In world where the number of high net worth people hasn't really changed, but trust in the performance of traditional investments has been wobbling, some people will be looking for all sorts of forms of alternative investments, including watches.
Whether you or I would buy a Rolex Deepsea for that reason, or whether it's objectively a smart move, doesn't alter the above.
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