QUOTE(Rolexseller123 @ Dec 30 2022, 12:53 PM)
No. That's stupid. Again i say this a thousand times watch is NOT an investment. You want casflow go put in FD or high yield savings account like endownus you want investment go buy bonds or stock.
If you can't afford then don't buy a rolex. Go for an omega or smtg that suits your budget like a tag heuer. Rolex is not for everyone. Its a luxury goods for a reason.
You should treat buying a watch like buying a car. You don't buy a mercedes coz its liquid and can easily sell right? Same principal.
Itâs not an investment.
Most of us average joes work, have income, have commitments. I may rock several watches, I am not wealthy. I enjoy my watches and my life.
I bought my watches to enjoy. Not a business or to make money off of it.
That being said, if Iâm unlucky to have been laid off, have family members with medical complications and need cash cause exceeded insurance coverage, while at the same time still having to serve my car and house loan.
What options do I have? Pawning the crown is the easiest, fastest way, that makes the least impact. Losing the car? Makes my life difficult to commute. Losing the house? I can sleep in the car but I canât shower. Losing the crown? It is okay, I will get it back one day.
I can afford it, but shit hit the fan, which is common in life.
So paying reseller prices for it doesnât make sense because you canât afford it. If you are wealthy, by all means.
Buying a Mercedes, youâre still not paying scalper price. The point Iâm making is not against buying a Rolex, but buying it, or the AP or PP 5611 at ridiculous reseller prices, where realistically average joes canât afford.
QUOTE(Rolexseller123 @ Dec 30 2022, 01:17 PM)
Well demand and supply my friend. Fact is there is way more demand for rolex than the rolex factory can churn out. Hence not enough stock. And rolex is not the type to flood supply to meet demand and destroy the brand.
Shortage is caused by resellers cause all the watches are sitting in their showroomâŚ.
Man the amount of watches I saw sitting on reseller shelf in HK pre-covid was nuts.
This post has been edited by Jason: Dec 30 2022, 02:34 PM