QUOTE(shaun90 @ Nov 3 2009, 10:54 PM)
i am thinking of investing into a ball engineer master 2 diver watch..
just wana know about the value of watches.. is it true that a price of a watch depreciate fast and is it worth it to start a collection of luxury watches??
watch value depreciate fast! just check out pre-own or those grey market.
numerous branded watches go below half their retail if U are selling to pre own dealer, even limited edition Tag, Ball, Omega etc.
want something that will make $$, buy those US$100K items.
or today get those us$10-20K panerai or certain Rolex ( Daytona, sea dweller maybe today). still lose money but not that much.
eg: Rolex Sub retails around 18k (usually no discount) sell privately can get around 16K, if U sell to dealer most likely lose another few thousand
Rolex 16234 used around 7K if U can find privately, a newer model (not much design change) today cost around 18k.
Panerai is a in thing today kinda like Graham watches 10-15yrs ago do hold value real well. Fad over also same like most brands.
else get a pre-own! the damage already absorb by the 1st dude.
for those who love the smell of new watch and box.. thats a big No-No.
get those ulu brand such as the below selling on fourm may catch better deal, dealer I think sure give U super bad deal
Bernhardt, new US$479, resale on WUS was US$330
http://forums.watchuseek.com/showthread.php?t=323314MKII new around us$600, sold around US$485
http://forums.watchuseek.com/showthread.php?t=318255This post has been edited by patryn33: Nov 4 2009, 12:15 PM