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disclaimer : all opinions expressed are personal -
True only for the rare/limited/discontinued models imho, other than tat they jus depreciate the moment they leave the shops.
Rolex owner since 2010
Previously owned:
Explorer II(216570) black dial AN serial
GMT-Master II(116710LN) AN serial
Current collection:
Datejust 36(116234) V serial
GMT-Master II(116713LN) AN serial
Upcoming/Wishlist:
"Hulk" green sub(116610LV)Comment
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I'm no expert, but looking at the sellers and buyers on SGROC alone, I'll say the sub is quite a safe bet.Comment
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Daytona WG FTW
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Buying Rolex for Investment
Hi All,
I have heard many of my friends buying watches as a form of investment.
How true is this for rolex?
If i were to get a sub/GMT Master II, wear it and take good care of it for the next 5-8 years, would i really be able to sell it at a higher price when i need cash?
Pls advise.Comment
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1. not true, unless you're buying rare models at prices you probably cannot fathom. in that case, you're better off buying a few other brands instead of rolex.Originally posted by theophilus_87 View Post
2. if worn carefully, maybe, but i wouldn't bet on it. if you keep it unworn, probably, but there're other investments that have better yield and easier liquidity though.
watches are for enjoyment. investment grade watches are not your regular "subs/GMT Master II"s.“Watches, no matter how much they cost, are better at telling time than making a person happy.†- Thomas J. StanleyComment
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Usually when you need cash, the odds go against you. Even if you hold onto a rare piece, you may not get the price you want should you want fast cash. While my suggestion is to always buy what you like, should you earn it's a bonus.Originally posted by theophilus_87 View Post
Sometimes forgotten, but always contactable. Darkangel (2007-2014)Comment
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i see it as a commodity rather than an investment.
put ur money in a lot of local blue chip equity..it yields better investment returns anytime over the same 5-8 years, if not capital appreciation, at least dividend yieldelusiveComment
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unless you are buying an extremely rare Rolex “Single Red” Sea-Dweller Submariner prototype model, forget about it dude.Comment
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imho at best you could break even and wear the sub or GMT 5-8yr for free when you sell it then
ie provided condition of watch is mint and full set box papers available
and this is excluding servicing/parts replacement costs, if any
rolex is a mass market brand afterall
the reason why this is possible is rolex increases its MSRP every year at about 3-4%
by 5-8yr, the MSRP would have risen significantly compared to the current prices
Originally posted by theophilus_87 View PostLast edited by skydweller_sg; 30-01-13, 10:16 AM.Comment
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It is much much better than buying a car.Comment
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Gmt mater and submariner
Collect gmt master or submariner and explorer got value next timeComment
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