QUOTE(zhongzai @ Mar 7 2018, 07:51 PM)
11kThe Rolex / Tudor Watches Club V1, Is time to have this now?
The Rolex / Tudor Watches Club V1, Is time to have this now?
|
|
Mar 8 2018, 02:28 PM
Return to original view | IPv6 | Post
#21
|
![]() ![]() ![]() ![]()
Junior Member
570 posts Joined: Mar 2008 |
|
|
|
|
|
|
Mar 8 2018, 02:29 PM
Return to original view | IPv6 | Post
#22
|
![]() ![]() ![]() ![]()
Junior Member
570 posts Joined: Mar 2008 |
|
|
|
Feb 17 2021, 02:26 PM
Return to original view | Post
#23
|
![]() ![]() ![]() ![]()
Junior Member
570 posts Joined: Mar 2008 |
QUOTE(friedricetheman @ Feb 9 2021, 11:05 AM) All watches are shit investments. You will make a loss selling any watches. Try selling to grey dealer, and you will get low balled. Try selling in the open market (you need to sell 20-30% lower than the lowest grey dealer to entice the buyers) and there is a 50/50 chance you will kena scam in postal transactions or robbed in face to face transactions. don't know what you have been doing lol but all my watches make money.Then you need to also think of your servicing and overhaul costs plus yearly inflation. The best case scenario even for a hot model like Steel Daytona is you break even if you can find a proper buyer who is not a bait and switch conman or mugger with gun. If you want good investments, you should be going into the bonds market. Sink a couple of millions into a long term bond is a sure fire way to grow your wealth. Don’t get scammed and think that watches are good investments. |
|
|
Feb 17 2021, 08:32 PM
Return to original view | Post
#24
|
![]() ![]() ![]() ![]()
Junior Member
570 posts Joined: Mar 2008 |
QUOTE(friedricetheman @ Feb 17 2021, 06:58 PM) Ok. But do they make you a couple of millions in year or at least a ROI per annum of 15% or better? My traditional investments are giving me 15%. But if selling watches and only profit a few thousands, also not worth it. Better to stick to bonds, land banks and other more traditional investment vehicles. Too much stress involved in buying and selling watches. Not really stressful. You feel stressful cause you chase the watch. When a piece comes up you just buy, that's it. Why chase? You forgot that watches can be worn. That should have some value over your 15%. I got a 25 year old watch, roughly 4 times and at the same time some very enjoyable moments owing it. |
|
|
Feb 17 2021, 10:12 PM
Return to original view | Post
#25
|
![]() ![]() ![]() ![]()
Junior Member
570 posts Joined: Mar 2008 |
QUOTE(friedricetheman @ Feb 17 2021, 10:04 PM) I have a 15 year old watch that doubled in value but if you take into account servicing costs and inflation, I probably just broke even on the watch. Wa your luck so bad.Who says anything about chasing watches? I mentioned that watches are bad investments and you replied that they are not. So, I am posted another reply that mentioned if you are not getting 15% per annum after deducting your servicing costs, it’s not worth it. I don’t chase watches. Probably you do since you are buying and selling. If you are just buying what you like, I can assure you that more than half of your collection is depreciating. I have been buying what I like and a lot of my stuff are being sold in the open market below their last MSRP before it was discontinued. Go into any watch forums and ask any long time collectors there. Unless you are buying based on what you think will be hot in the future (aka not buying what you really want), you will be losing money on most pieces. Take watch collecting for what it is. Something we enjoy collecting and not an investment. It’s the worst performing asset class after furnitures over a 10 year period in case you are wondering. Click on the article below and scroll down to the Knight Frank Investment Table. See how terrible watches are performing among luxury investments. https://www.cnbc.com/2019/06/21/are-collect...s-weigh-in.html |
| Change to: | 0.1403sec
0.35
7 queries
GZIP Disabled
Time is now: 8th December 2025 - 07:42 PM |