I got 2 new Rolex for my collection. I collect Rolex watches as a investment. Rolex are better than gold, if you buy the right ones you always make profit!
2 more Rolex in my Collection
7 years ago in #rolex by horsepower (60)
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Nice watches. Wish u a lovely weekend
My perception was Rolex watches do not depreciate in value that quickly but once sold as second hand, people would ask for a lower price. Just curious how is it that it can sell for a profit?
In the short term if buying at full retail yes there will be a loss.
However lets look at the progression of probably one of the most iconic, Rolex watches. The Submariner with a date. The 16610 for example.
This watch retailed for $2,250 in 1990
Today one can expect to pay $4,750-$5,500 for that same watch purchased in 1990 based on condition. Even if you wore the heck out if and was beaten up, you should still fetch at least $4,500. Five years ago, I would expect to fetch $4000 and five years prior to that approximately $3500
That being said. This really only applies to Men's Rolex watches. Ladies watches are very difficult to move. The 26mm Datejusts and Oyster Perpetuals fell off the map about a year ago. Even the solid gold ladies presidents are fetching only 3-3500 if you are lucky for 90's models.
@horsepower the daytona on the oysterflex is bad to the bone!