Rolex and other watches as a form of investment diversification?

[pegasi]

Didn't you read the "25 rules for watch collectors"?

[ruzmidah]

silver is worthless compare to gold!!!!;p

Silver is NOT worthless =p
It has been money since antiquity and only after 1960s that we have taken out silver from our coinage (now all copper-nickel)

Silver has been increasing in value over the past 6+ Mths. =p

[eojmil]

solly...let me rephase... gold worth more compare to silver!!!!

[daytona 6263]

Hi all,

I am new here....just want to know why people say that Daytona is good for investment? Is there any specific reason to that?

Also, Daytona got many models.....which one?

Thanks for any help

No modern day Rolex should be classed as any sort of investment perhaps the Zenith models will command a higher price.But the modern day Daytona forget it far two many in this world today.And IMHO watches should not be thought of any sort of investment,Rolex watches are meant to be worn and enjoyed for decades.For investments try stocks and shares you can forget any modern day Rolex perhaps some will be in 30- 50 plus years

[EMboss]

My usual reply to this kind of question is that if you are buying any kind of decent luxury watch, it is best to go with a Rolex as it is more easily trade-able than other brands.

Now within the Rolex range of watches, if you are looking at something more biased towards an investment, then either you have to look at the limited edition models or go for a vintage limited edition. Unfortunately, these days Rolex seldom do "limited editions".

If you are still keen on staying with the Daytona, then you would have to expect to hold onto the watch for at least 10 years or so to ensure you haven't lost any money.

i agree with the concept that rolex are more tradable worldwide. it feels like another form of "currency". perhaps thats what other consider as investment.

[seiko.citizen]

but if you are in trouble overseas, and you try to sell a rolex. you wanna bet you wont get lowballed like hell in a foreign land?

sometimes selling locally; already kenna low ball like sh*t.

[EMboss]

but if you are in trouble overseas, and you try to sell a rolex. you wanna bet you wont get lowballed like hell in a foreign land?

sometimes selling locally; already kenna low ball like sh*t.

I guess most people always live with the "buy low sell high" mentality.

[seiko.citizen]

its the only mentality in the business world! i dont blame them! look at pawnshops, car dealers, hardware shops, etc. all in same boat, sailing differently.

[psee]

Personally, I never bought any watches with investment as one of the primary objectives; it's just a plus if I make a bit of money or at least break-even in the event that I subsequently let go of the watch(es). Having said that, based on personal experiences, many stainless steel Rolex sports models retain their values pretty well relative to most other watch brands.

[KuchingKu]

For watch, can wear for a few years and lose nothing already a big bonus.

Unless one is in the business as a reseller, then there is profit to talk about....like business. For collectors, we just buy, wear and hope not to lose too much when we want a change.

[seiko.citizen]

my friend ask me recently.... what car can buy wont lose money. i told him in all seriousness, go buy a 1960s mustang, and you wont go wrong. if you want a watch that will appreciate in value; vintage has a slightly better chance compared to modern day rolex.

[nickng]

IMHO, I think one should not buy a watch as an investment. You cannot predict what event awaits you in the future.
One should just buy a watch that you can afford, that you love, and that you will wear it proudly everyday.

Hmm... Vintage watch as compared to modern day Rolex??? Err...won't any modern day Rolex be classified as a vintage in..say...30yrs to 50yrs time?

[tabiyeo]

I think I buy roles are when one day I in need of hard cash still can prawn it without begging ppl to loan me money looking at thier koko face.

Investment buy property. They will increase.

[triton]

depending on how one define vintage.

Err...won't any modern day Rolex be classified as a vintage in..say...30yrs to 50yrs time?

[triton]

know where you coming from. but not all rolex can fetch good value and you need to know what is the market value of them then when you need to pawn.

not all property price will increase.

I think I buy roles are when one day I in need of hard cash still can prawn it without begging ppl to loan me money looking at thier koko face.

Investment buy property. They will increase.