Hi all

I've been interested in watches for awhile now.

Back in 2017 I decided to buy my first watch.

A Pro Trek for RM500.

However after I've started my own work and became more financially and literate my view of watches have changed.

I used to see them as a fashion statement but now I'm thinking them more of a store of value. An asset if you will.

With that said I'm thinking of getting a decent watch that

1. Not prone to depreciation , ( if it appreciate great! Although unlike )
2. Hopefully buyable 2nd hand at a better price. Wing Wah watches for example

Personally I don't wear watches but I think a nice watch watch will fight inflation better than leaving in FD (2.1% is awful). Whilst having something to wear on a nice occasion.

I'm thinking of a Rolex as that's the only watch brand I heard that actually appreciate.

So what do you guys think ? My budget ranges from RM 20-40k depending

No. Don’t do it.

Watches are never good investments. What is hot today may not be popular or sellable in a decade. Value will plunge when the model is no longer sought after.

I have collected watches long enough to see value of watches go up and down.

Take Franck Muller for example. It was the IT watch of the mid 90s. And when the millennium rolled about, the value of FM watches tanked and never recovered.

Then Panerai came about and become the darling of the watch world in the mid 2000s. Their value shot up and almost any Panerai was trading above MSRP. Then towards the tail end of the decade, their value plunged and people started selling en masse but no buyers.

In the mid 2010s, Richard Mille and Rolexes were the hot commodity watches. I don’t see them being able to sustain their speculative prices any longer due to Rolex producing almost 1 million watches per year and RM producing only 2 or 3 types of design - Tonneau, Round and Misshapen Tonneau shape cases suffers from the same problem that plague Panerai. Lack of diversity.

Now, due to retail buyers buying watches to speculate on, a lot of watches are seeing an uptick in prices. I don’t see this trend being able to continue much longer.

Buy watches to collect and wear. Never buy them to store value or as investments. There is Gold or Crypto currency for that sort of thing.

This post has been edited by friedricetheman: Apr 26 2021, 09:05 AM

Rolex is the only watches with steady appreciation . Just buy what u like, but at rm40k, is very diff to buy a Rolex ..

40k can get u Airking, 41 smooth DJ, and milgauss I think

Why difficult? RM40K and below has an abundance of options.. unless you are talking about grey market prices..

no value physical watch, better go trade forex with that good startup capital

Ya, air king maybe 38-39 can, no sure about the current price now..

Having 40k is one thing, whether Rolex wanna sell u one..is another story...

Can't go wrong with a Datejust.

issue is whether the boutique will sell you one for retail. But yes. no doubt if you know how to play the game, you will for sure get the return over 2.1%.

For 40k, u can get a DJ41 smooth bezel (29.5k), or a Airking (below 30k), or a milguass as someone pointed out.

Bought a smooth bezel DJ41 last Oct, didnt really fell inlove with it and let it go at 36k just few weeks ago. You need to know the people in the market as well. Buyers will not buy from a random tom dick harry as you do not have reputation. Not as easy as posting on some random FB group and you're done.

On social media it looks good la, people selling at x2 the price or x1.5 the price. but its isnt as glamorous as it seems

Ya. Agree. That’s the quintessential Rolex. It was my first Rolex too.

Date magnifier cyclops? Check.
Fluted or smooth bezel? Check.
Jubilee or Oyster bracelet options? Check.
Easylink extension inside the clasp? Check.

This watch is choke full of Rolex DNA.

Of course - a DJ with a smooth bezel is just an OP with a date. Fluted/jubilee is where it's at

Fluted bezel with jubilee bracelet reminds me of my French Professor in college. Too apek lah.

Smooth bezel and oyster bracelet is the better option for us Gen Y WIS..

im in the ah Pek category... die die must flute n jubilee

currently if u buy a rolex watch from the grey, u r basically converting the cash into a watch. but grey stock doesnt appreciate much because the price kena goreng already.

if u sell back to the grey, they potong 10-15% from the price u pay. in another word, if u decide to buy a rolex from the grey, u r instantly rugi the value once stepping out the shop. just like buying a car. when the wheels touch the road, the value gone -10%.

u earn to own, but u barely earn when sell.

depends also, if u bought a Pepsi from grey since lets say last year, at 75k, the current price for new is about 92k, there is still a buffer of 17k, I'm very certain the grey would buy back ur Pepsi at 80k or for an 1 year old unit Pepsi
so u make 5k n ownership of a year

Pepsi at 92k is almost 10k more than my AP Diver retail price last year. Not sure if this is sustainable or not for the long term. I mean I love Rolex but not sure if I love Rolex more than AP though..

I mean, would you rather have a steel Rolex or a Steel Audemars Piguet? Sure the Pepsi has a ceramic bezel and GMT complication but the Diver has a 22k gold rotor viewable through the see through caseback and a fun 60 minute timer operated through the crown at 10 o’clock.

Everybody cares about brand equity and value retention..very little plp view watches as a pc of art..

Only a few watch aficionados into finishing/brushing quality/decoration ..

Flexing cultures only buy to impress...why would they buy AP when it’s unknown to ladies?

Hence , the crown would be the choice..

Actually, to tell you the truth, flexing with a watch is the wrong thing to do as there are so many fakes that anyone with RM2k can get a superfake Rolex to impress the ladies..

The real flex that girls are impressed by is your education level and connections. Take her to a diplomatic event that you are invited to as a date. Most diplomatic parties and cocktail receptions allow you to take a +1 as part of your invitation but you need to RSVP the name of the person before hand to allow them time to do a background check on the person.

Another great date idea is to take her to your alumni dinner, again as a +1. Nothing is more flex worthy than being part of London School of Economics or Stanford University alumni group and hobnob with the likes of Ong Kian Ming or KJ.

Watches are not a flex item, bro. And neither are cars.

woi... dont personal attack ler
normally I use the fake PP to attract ladies

regardless the 92k sustainable or not, seriously the amount of ppl tat buy off at that grey price is tremendous
they may not be as knowledgable in watches as you guys, but heck, I like tat watch, I can afford it at 90k, I seriously DGAF what you say hahahah
And yes they are only into watches, but u can't blame them, by the time they want it, u can't get it at retail already, sometimes dont really have a choice, u tell them go buy other brand la, but other brand they x suka, then amacam

so bite bullet pay 92k lor

maybe they like to flex, maybe they dont, but obviously they have money to burn

Hype comes and goes. I'll just be waiting at the bottom 3-5 years later when the FOMO crowd moves on to the next big thing.

...if it doesn't, we'll just have to make do I guess haha, you with your fake PP and me sending you AP photos

Most of my staffs are flex cultures , unfortunately that’s
how it works for the younger gen..

As for me , most of the time I fly below with radar with Ss beaters ..lolx

[QUOTE]

True indeed, like my staff (flex cultures) thinks Tudor is a disgrace and a confirmation to world unable to afford Rolex. They willing to do anything to have a Rolex , rather die with a Apple Watch than having Tudor...

Once they have first grail then hving other brand is diff stories ..

This post has been edited by swanlover: Apr 29 2021, 01:09 PM

Sell me your “fake” 5711 at MSRP. Then you can queue up for a real one since you already “swindle” me of RM130k..

Maybe non-watch people are different but if I am spending 92k, I will buy a trinity. Not a Rolex.

Your SS “beaters” are also not cheap lah. How can a SD Daytona or Datejust be under the radar?

Some links to search used branded watches from Japan.

https://www.jackroad.co.jp/shop/r/rjused/
https://www.gmt-j.com/search?maker=285&sell...,unused,consign
https://komehyo.jp/watch-mens/omega/
https://komehyo.jp/watch-mens/
https://www.mercari.com/jp/search/?sort_ord...ion_id%5B2%5D=1

________________________________________________
We might be able help if you are getting one.

Example,
We can buy and keep your watches,
When you are able to visit Japan, we can send your watch to your hotel.

Or we can arrange something to reduce the risk of Kopi money when Kast….

For those who have seen this message,
We will give a discount on the commission.

>> Maximum Commission (Cap per watch) == RM999
>> Limited to watches.
>> Limited to orders before 31st August 2021

Lol. Buy and keep the watches for us. I don’t think anyone would agree to it. We don’t need middle men buying and shipping for us especially for big ticket items.

Sorry bro but if we buy from Japan, we would prefer to go there directly and view the watch ourselves. Air tickets are not that expensive when you are buying watches above 50k..

Japanese are known for not providing any information about dents or scratches unless asked. Even then, the evaluations on the watch conditions they provide are usually more rosy than the actual conditions. A few hairline scratches on the bezel or case and they will label it as brand new.

Sure they are honest but they are also known for withholding a lot of information unless you ask about them.

Prices online are slightly lower to entice buyers but usually the item is “sold” already when you ask or enquire about them and they will instead offer a “better condition” piece at a much higher price.

ok la, what I'm saying is, money is theirs, they buy wat they want or spend how they want it

we just buy apa yg Kita suka will do, be it flex or no flex

but damn... 90k for SS Rolex is really out of this world, and 150k for SS day hahah
never saw tat coming I would say

I thought the flex watches are hublot for younger gens haha

This post has been edited by selinix: Apr 29 2021, 02:53 PM

We don’t need middle men buying and shipping for us especially for big ticket items.
>> that is you, that is not what ALL people think, I believe
>> I bought more than hundreds of watches for Malaysian. I believe that there are people who need my service.

Sorry bro but if we buy from Japan, we would prefer to go there directly and view the watch ourselves. Air tickets are not that expensive when you are buying watches above 50k..
>> Sure? OK. Then you take your flight when it is OK to fly. Safe flight.

Japanese are known for not providing any information about dents or scratches unless asked. Even then, the evaluations on the watch conditions they provide are usually more rosy than the actual conditions. A few hairline scratches on the bezel or case and they will label it as brand new. Sure they are honest but they are also known for withholding a lot of information unless you ask about them.
>> That is a common phenomenon online, I believe. Malaysian, Indian, every country in the world is the same, I think.

Prices online are slightly lower to entice buyers but usually the item is “sold” already when you ask or enquire about them and they will instead offer a “better condition” piece at a much higher price.
>> In most of the cases, your statement is not true. Things SOLD, are SOLD, Things available, are available.

Lol. Hundreds of watches for Malaysians? Okay bro.

I don’t think you will need to advertise on here if your transactions is in the millions of ringgit. You would use some pay advert instead of just posting on the forums.

Good luck in your little business. You just lost a few customers by your nasty reply. And also, the timepieces and jewelry subforums is not the place to advertise these sort of thing. Didn’t you read? Garage sales is that way lol

The way I look at it, if you can’t take criticism, then don’t be in business or sales..

Bye.

T

This post has been edited by swanlover: Apr 30 2021, 06:16 AM

This guy’s business model is for us to buy stuff through him and then he hold it for us until we can travel there again. I presume that he will require us to pay in full or where will he get USD$40k to buy a Daytona.. in the meantime, he gets to wear the watch for free while waiting for us to drop by. For the watch to be able to pass through the immigration without the need to declare it, he would need to wear it on his wrist while posting the box and papers via FedEx.

Seriously though, most personal concierge services already cover these sort of thing. We call them personal shoppers and they not only procure timepieces for us but also stand in line for a PS5 for us.

Vertu handphone used to have a personal concierge button where we can request for them to help us procure the most difficult to get items and services.

Wealthy individuals also have a network of friends, acquaintances and relatives overseas who would help them get the things they need shipped to them without the hassle of going through strangers for transactions in the tens of thousands.

They also have diplomatic buddies who travel frequently between their own country and here, who would be more than happy to procure the item for you for free.

So I presume no money is paid upfront?

If not, what if the buyer does a runner? I don't think I could part with a large sum of money without some sort of assurance.

And prices for most of the watches now have already surged like crazy, just like buying stock at ATH, better wait for the market to cool down then only you consider

This post has been edited by oOoproz: Apr 30 2021, 01:50 AM

You wish. He would demand 100% upfront or how is he going to give the introducer a commission. And if he doesn’t, he would end up with a Jacob & Co Minute Repeater plus a Patek Philippe Grand Complications while the buyer absconds at the last minute.

These type of business is almost impossible to do due to the presence of superfakes. Most of us collectors will not want to deal with an unknown middle man due to the high risk of getting cheated.

I mean, would you transfer $30k to someone who you don’t know to buy something sight unseen and keep it for you until you make a trip there yourself? If he ships it to you, it’s no different that dealing directly with the shops there without going through a middleman. Almost all the large reputable dealers in Tokyo ships to Malaysia and Europe.