Rolex

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's the McDonald's of luxury watches. Everyone has one.

How many watches appreciate in value
when you walk out of the store?

Bingo…

The world is full of collectables & other crap that supposedly appreciate. But it seems like most of that stuff gets lost, broken, or sold for a loss at estate sales or flea markets.

A new Rolex no-date Submariner in steel retails for $10,050 at an authorized dealer. As soon as you walk out of the store it appreciates by $2,000 - $5,000.

At the AD a steel GMT-Master II Pepsi on a jubilee bracelet retails for $12,000. When you cross the threshold it appreciates by $12,000+.

A steel Rolex Daytona retails for $16,900. You could immediately sell it for $35,000+.

This makes no sense to me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I disagree with the premise that Rolex is only acceptable if it’s exclusive. Someone upthread mentioned their watches cost more than single family homes. Fine, but I think money, wealth, class, etc IMO mean you can pretty much wear and do what you want (within reason).

I like my Rolex and I also like plain white tshirts from the Gap and Reeboks. If I think it’s good, I choose it. What is the use of having money and being in the 1% if I’m “required” to wear a 100K watch, fine cashmere, dressy shoes, and 10K coats? That kind of image is some weird idea of rich people that non-rich people and new money people seem to have. The richest and most powerful guy I know actually has a Subaru as his primary car.

A billionaire friend of mine drives a Mustang. I love him for that, lol. Fits his personality well.

Yep. The billionaires and multimillionaires I know tend to have quirks, hobbies, interests. They aren’t worried about being on some exclusive waiting list to shop. That is ridiculous. Rich people also eat McDonalds and drink cheap beer.

PP here. FWIW, that particular friend is wearing a Rolex (but he wears it for sentimental reasons -- it was his grandfather's).

Some day the one I purchase will got to our son, then his son hopefully.

[youtube]

Until he pawns it to buy some fentanyl.

Yeah that's what my husband's brother in law did with his Dad's watches. There's a reason we're no contact with his sister.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's the McDonald's of luxury watches. Everyone has one.

How many watches appreciate in value
when you walk out of the store?

Bingo…

The world is full of collectables & other crap that supposedly appreciate. But it seems like most of that stuff gets lost, broken, or sold for a loss at estate sales or flea markets.

A new Rolex no-date Submariner in steel retails for $10,050 at an authorized dealer. As soon as you walk out of the store it appreciates by $2,000 - $5,000.

At the AD a steel GMT-Master II Pepsi on a jubilee bracelet retails for $12,000. When you cross the threshold it appreciates by $12,000+.

A steel Rolex Daytona retails for $16,900. You could immediately sell it for $35,000+.

This makes no sense to me.

Waitlists for these watches are 3-7 years long IF you’re a good customer at the store. Many don’t want to wait and choose to buy them on the secondary market where people flip watches to make thousands.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's the McDonald's of luxury watches. Everyone has one.

How many watches appreciate in value
when you walk out of the store?

Bingo…

The world is full of collectables & other crap that supposedly appreciate. But it seems like most of that stuff gets lost, broken, or sold for a loss at estate sales or flea markets.

A new Rolex no-date Submariner in steel retails for $10,050 at an authorized dealer. As soon as you walk out of the store it appreciates by $2,000 - $5,000.

At the AD a steel GMT-Master II Pepsi on a jubilee bracelet retails for $12,000. When you cross the threshold it appreciates by $12,000+.

A steel Rolex Daytona retails for $16,900. You could immediately sell it for $35,000+.

This makes no sense to me.

Because you lack an understanding of what people are willing to pay for things they can't get. Or can't get right now, anyway.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's the McDonald's of luxury watches. Everyone has one.

How many watches appreciate in value
when you walk out of the store?

Bingo…

The world is full of collectables & other crap that supposedly appreciate. But it seems like most of that stuff gets lost, broken, or sold for a loss at estate sales or flea markets.

A new Rolex no-date Submariner in steel retails for $10,050 at an authorized dealer. As soon as you walk out of the store it appreciates by $2,000 - $5,000.

At the AD a steel GMT-Master II Pepsi on a jubilee bracelet retails for $12,000. When you cross the threshold it appreciates by $12,000+.

A steel Rolex Daytona retails for $16,900. You could immediately sell it for $35,000+.

This makes no sense to me.

These sell for $12,000 brand new from a Rolex retailer. Chrono24 is a trusted reseller of luxury watches. The link below will show you the market price for like new and used watches.

https://www.chrono24.com/search/index.htm?dosearch=true&query=Rolex+126710

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's the McDonald's of luxury watches. Everyone has one.

How many watches appreciate in value
when you walk out of the store?

Bingo…

The world is full of collectables & other crap that supposedly appreciate. But it seems like most of that stuff gets lost, broken, or sold for a loss at estate sales or flea markets.

A new Rolex no-date Submariner in steel retails for $10,050 at an authorized dealer. As soon as you walk out of the store it appreciates by $2,000 - $5,000.

At the AD a steel GMT-Master II Pepsi on a jubilee bracelet retails for $12,000. When you cross the threshold it appreciates by $12,000+.

A steel Rolex Daytona retails for $16,900. You could immediately sell it for $35,000+.

This makes no sense to me.

Waitlists for these watches are 3-7 years long IF you’re a good customer at the store. Many don’t want to wait and choose to buy them on the secondary market where people flip watches to make thousands.

Ok I get it now. Thanks for explaining. I guess I also assumed that people willing to spend the money would not trust buying them from random resellers? There is a whole expensive “rep” (replica) culture for Rolex, Tiffany, Cartier, LV, YSL coming through Chinese sellers on WhatsApp and other channels.

[Anonymous]

I have a question for the Rolex aficionados here- my dad bought a solid gold Rolex back in the late 70s/early 80s during the brief time when Rolex made them with batteries. It was his prized possession but something's wrong with it and it hasn't worked for probably at least 7 years. Rolex dealers have tried to fix it (for a lot of money) and it still doesn't work. They say the next step is to send to Switzerland which could be thousands of dollars.

My dad died last fall. I have the watch as my mother would really like my teenage son to eventually have it. Is it worth sending to Rolex and potentially paying a lot of money for them to hopefully repair it? I understand this watch isn't to everyone's taste, but it's very sentimental and perhaps that could outshine any gaudiness of a solid yellow gold watch on one's wrist!

[Anonymous]

Anonymous wrote:I have a question for the Rolex aficionados here- my dad bought a solid gold Rolex back in the late 70s/early 80s during the brief time when Rolex made them with batteries. It was his prized possession but something's wrong with it and it hasn't worked for probably at least 7 years. Rolex dealers have tried to fix it (for a lot of money) and it still doesn't work. They say the next step is to send to Switzerland which could be thousands of dollars.

My dad died last fall. I have the watch as my mother would really like my teenage son to eventually have it. Is it worth sending to Rolex and potentially paying a lot of money for them to hopefully repair it? I understand this watch isn't to everyone's taste, but it's very sentimental and perhaps that could outshine any gaudiness of a solid yellow gold watch on one's wrist!

Your dad’s watch is likely worth a lot of money.. It’s a Rolex Oysterquartz, correct? They are highly sought after by collectors. Have you taken it to a Rolex authorized dealer?

[Anonymous]

Anonymous wrote:I have a question for the Rolex aficionados here- my dad bought a solid gold Rolex back in the late 70s/early 80s during the brief time when Rolex made them with batteries. It was his prized possession but something's wrong with it and it hasn't worked for probably at least 7 years. Rolex dealers have tried to fix it (for a lot of money) and it still doesn't work. They say the next step is to send to Switzerland which could be thousands of dollars.

Take it up to Baltimore Watch Company (may need to make an apointment) and see what they think. They'll give you honest advice and will cost a lot less than a Rolex official dealer:
https://tsaobaltimore.com/pages/servicing

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have a question for the Rolex aficionados here- my dad bought a solid gold Rolex back in the late 70s/early 80s during the brief time when Rolex made them with batteries. It was his prized possession but something's wrong with it and it hasn't worked for probably at least 7 years. Rolex dealers have tried to fix it (for a lot of money) and it still doesn't work. They say the next step is to send to Switzerland which could be thousands of dollars.

Take it up to Baltimore Watch Company (may need to make an apointment) and see what they think. They'll give you honest advice and will cost a lot less than a Rolex official dealer:
https://tsaobaltimore.com/pages/servicing

If the watch is worth $30,000+ I’d stick with Rolex for service.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have a question for the Rolex aficionados here- my dad bought a solid gold Rolex back in the late 70s/early 80s during the brief time when Rolex made them with batteries. It was his prized possession but something's wrong with it and it hasn't worked for probably at least 7 years. Rolex dealers have tried to fix it (for a lot of money) and it still doesn't work. They say the next step is to send to Switzerland which could be thousands of dollars.

My dad died last fall. I have the watch as my mother would really like my teenage son to eventually have it. Is it worth sending to Rolex and potentially paying a lot of money for them to hopefully repair it? I understand this watch isn't to everyone's taste, but it's very sentimental and perhaps that could outshine any gaudiness of a solid yellow gold watch on one's wrist!

Your dad’s watch is likely worth a lot of money.. It’s a Rolex Oysterquartz, correct? They are highly sought after by collectors. Have you taken it to a Rolex authorized dealer?

OP here. Yes, it's an Oysterquartz Day Date. I've taken it to Llijenquist and Beckstead in Tysons- they're an authorized dealer.

It's kind of funny - on occasion, a less informed jeweler
thinks the watch is fake because they're not familiar with the battery versions, which I know were pretty uncommon and maybe slightly derided?

[Anonymous]

This is the style he had:

https://www.bobswatches.com/rolex-oysterquartz-19018-18k-gold.html?srsltid=AfmBOoqOKK9cMsUIUjS6EQ6pRf7hT25hGT0zGctNLPCrKJZ3wwHJ2DZL

[Anonymous]

I don’t know that he is an AD but I take my Rolex to Alan Furman for service. My experience in the past 10-15 years with old luxury retailers like Tiffany, Cartier, and Rolex is that the in-store experience is pretty… uninformed, and that’s being generous. And they send out absolutely everything because they can’t address anything themselves in store - most of the time not even meticulously packed and tracked. You’d be better off going to a trusted watch expert who does in-house. So go to Alan Furman and see what he says, no pressure to have him repair unless you feel comfortable. Just my opinion though.

[Anonymous]

Anonymous wrote:This is the style he had:

https://www.bobswatches.com/rolex-oysterquartz-19018-18k-gold.html?srsltid=AfmBOoqOKK9cMsUIUjS6EQ6pRf7hT25hGT0zGctNLPCrKJZ3wwHJ2DZL

It look like it’s an $18k - $22k watch, especially if you have the original box.

[Anonymous]

Here’s some more info about the watch.

https://www.heptinstalls.co.uk/rolex-oyster-quartz-day-date-19018-from-1978/