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

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.

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..

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.

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.

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?

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.

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.

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.

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.