-
Watches are a bad investment (?)
I used to say this - you can't guarantee that any will hold their value etc. But steel Rolex submariners have gone nuts in the past few years, and I just saw that I paid £2500 for my omega 5 years ago and the same discount grey dealer is selling the equivalent model now for £3900 new; £2300-£2500 seems like the going used price for mine, which would mean a minimal loss if any over the years.
Anyone else track any other models over time? Does it seem that some brands or models may not lose any value, or indeed be a reasonable investment?
-
You’re right about steel sports Rolex. Paid £4K for the Sub new and with one service so far it “owes” me £4.5k in total. We’ve all seen what they go for used.
I’ve also seen pre owned unused GMT IIs going for north of £11k. So, if you can find a new one at list you can make a 50% profit, give or take.
Speedmasters never seemed to hold their value so well, but that looks like it might be changing. Maybe because of the cost hike on new ones with all the extras in the boxes. I got mine new for £2.3k (list was about £2.8k at the time) so that should be pretty good.
As for the Perigrapgh, I couldn’t even get anyone to buy that when I was trying. Actually, I’m quite glad about that now.
G-Shock: GW3000B-1A
Rolex: Submariner 14060M
Accurist: 1961 Shockmaster (Gold) & 1965 Shockmaster (Steel)
Omega: Speedmaster Professional 3570.50.00
Meistersinger: Perigraph AM1002
Ben Sherman: S489.OOBS
Rotary: 1990 Quartz (Gold)
Steinhart: Ocean GMT 39mm
Certina: DS Super PH500M & DS PH200M
Timex: MKI Mechanical
-
Watches are a bad investment (?)
All my keepers have at least doubled in value
The most bonkers is my birthyear Smiths W10: I bought it for less than the PRS-29 homage, and 6 years later they can go for £2000
Ironically, the Poljot 3133s I bought as an investment when they discontinued the movement just flatlined. Go figure :-)
It's the final countdown! PM me before they're all gone!
-
Originally Posted by
OhDark30
All my keepers have at least doubled in value
The most bonkers is my birthyear Smiths W10: I bought it for less than the PRS-29 homage, and 6 years later they can go for £2000
Ironically, the Poljot 3133s I bought as an investment when they discontinued the movement just flatlined. Go figure :-)
yes I had the same thought bought two more had the pilot 3133 which I later broke trying to fix a friends so left me two put the broken up did £60. at one time even a broke one would do plus a ton now seen them do fair shape fully working under a ton .
think only safe bet is rolos and military watches maybe and some omega's .. the rest is look of the draw maybe
sharky
one of the most original good guys their was never anything but a true friend "the daito to my shoto"
rest easy good buddy
https://gofund.me/eb610af1
-
My Hulk is worth 60% more than what I paid for it, and my Silver Snoopy is worth well over twice what I paid for it. My Overseas is carrying about a 25% premium over what I paid, too. But since I have no desire to ever sell any of them, it’s kind of a moot point until someone inherits them from me. I don’t think any of my other watches have gone up in value (not counting the RGM, which is unique).
I don’t think it’s a coincidence that the only watches I have that are worth a lot more are some of the core pieces I’ll never want to part with...
Sent from my iPhone using Tapatalk
-
In 2 years prices will drop especially on the Rolex market. You only make money when you have a watch that is hot at that time.
Last edited by Cybotron; Nov 9, 2019 at 12:49 PM.
Cheers,
Richard
-
Post Thanks / Like - 1 Likes
-
Originally Posted by
Cybotron
In 2 years prices will drop especially on the Rolex market. You only make money when you have a watch that is hot at that time.
...unless it’s a limited edition like the Snoopy. Pieces like that will certainly fluctuate with overall macroeconomic conditions, but I think will retain a premium. Kind of like Ferrari Daytonas—for a while they were going for eight figures. When a big recession hit, they plummeted, but they’re still worth seven figures today. If you look at a different kind of Daytona, a Paul Newman will always get a big premium. The current Daytona? In the long run, not so much since they’re not going to be so rare.
Sent from my iPhone using Tapatalk
-
The only watches I lost significant money on were watches I bought new (Monaco, Pelagos & Hamilton Pan Europ). With that in mind I owned the Monaco for five years so I can stomach the depreciation. I think I had the Pelagos for three years and I'd wear it anywhere. Along the way it picked up a few nicks in the case so I sold it cheap. I ended up losing 40% on the Pan Europ in less than a year because it hit the gray market and at significantly lower price. I've also made money selling some watches. I doubt I'm in the black, but I'm not underwater.
-
Originally Posted by
mlcor
...unless it’s a limited edition like the Snoopy. Pieces like that will certainly fluctuate with overall macroeconomic conditions, but I think will retain a premium. Kind of like Ferrari Daytonas—for a while they were going for eight figures. When a big recession hit, they plummeted, but they’re still worth seven figures today. If you look at a different kind of Daytona, a Paul Newman will always get a big premium. The current Daytona? In the long run, not so much since they’re not going to be so rare.
Sent from my iPhone using Tapatalk
I agree with that. It's really gonna be interesting to see what happens in the next few years. If only we had a crystal ball.
-
Nov 9, 2019, 02:33 PM
#10
Originally Posted by
Cybotron
I agree with that. It's really gonna be interesting to see what happens in the next few years. If only we had a crystal ball.
Well, if I did have a crystal ball, I wouldn't waste it on watch speculation...
-
Post Thanks / Like - 1 Likes