Buying my first watch but...

[panlex]

...I am still undecided. But not so much on which brand to choose (I have pretty much decided to go for Panerai or Rolex).

Let me explain:

If you have some spare cash lying around, what do you do if you have to decide between putting money in FD or buying a watch? Will the price of pre-owned watches increase over the years or decrease? Can watches beat inflation? Is watch better off than FD in the long run, say 10 years from now?

(Of course, besides the points that watches can be worn, adored, admired and touched)

Your thoughts? Especially from money value point of view. Appreciate if you could provide some hard figures but not necessary.

Thank you.

[rnsm1979]

most of the member here buying watch not as investment, instead for the love of the watch

[AsherLim]

You don't buy watches as an investment. Of course unless you're planning on buying say the first Rolex Daytona or the famed Eric Clapton's Patek Phillippe 2499 in Platinum or other watches in that category(special vintage watches), chances are, the value won't appreciate much at all if any, taking into account of inflation adjusted value in the future.

[panlex]

At least hold value, can?

[gunsnroses]

You got it wrong brother. You wanna invest, go get property.

[dpkong]

Since you're thinking between Panerai/Rolex watch and FD, the FD will win hands down. You will get the initial investment back plus interest.

If you buy a new Rolex watch from an AD, you will lose at least 30% of the amount paid as soon as you walk out the door. If you buy a used one from the dealer, you will lose between 10-20% or more when trading it back in.

The hype about the steel Daytona, GMT master, green bezel Submariner 16610 is almost gone.


Buy a watch to wear and enjoy. If it retains it's value or appreciates in 20 years time, that's a bonus.

[AsherLim]

At least hold value, can?

Very unlikely that it can hold it's value especially when you're talking about 10 years or more, factor in the wear (unless you plan on locking it away in a safe all the time) and also the servicing costs, it's unlikely to be able to sell it and get back the money you paid for it, unless of course it turns out to be a very special, rare, one-of-a-kind watch in the future. Property, stocks, FD are all better investments and they only require you to do some homework to get a good deal.

[chrisyen]

Buy a Rolex rm20k

Wear it for 10 yrs!

Sell rm20k at that time... Sound loosing? Due to money value drop...

But ... Man!
U get to wear a Rolex for 10 yrs! Ppl ard u wear rm1k watch... Probably already changed 2-3 watches... Their watch spoiled or worth nearly zero after 10 yrs!

Oh man! Ppl ard u look u up with ur Rolex on ur wrist for 10 yrs!
N u tell urself u r now wearing Rolek for 10 yrs! Not a cheapo watch!

So y compare with FD?

U gain a status, u gain self satisfaction, u gain admiring ....

[TheWatchMan]

I never think of buying watch for investment. You have many much better investment options than watch. You may get lucky if u own a rare piece or some models which may be very sought after let say 10yrs down the road.

[Smaug]

Not for investment. Status yes. Rolex vs Panerai. For me Rolex. Based on your budget, Datejust or Sub

[iamyourfazaaa]

Watches really generally not investments. Buy a watch that pleases you, not  one that is meant to garner the admiration of others.

[watzisname]

Watches really generally not investments. Buy a watch that pleases you, not  one that is meant to garner the admiration of others.

I agree, otherwise if you want other ppl to admire your wrist, you might as well tape a stack of money to it; gives you the same result

[GZLIM]

Wonder why need stuck the money in fd?

[watzisname]

Wonder why need stuck the money in fd?

Why not? Conventional financial planning requires you to save 6-8 months of emergency fund in something safe and liquid i.e. FD

[Jules Vega]

Sounds like a lot of cold water being poured.....but that's the reality. I have more than a sneaking suspicion that the appreciation of watches is a fallacy conjured up by watch companies or owners seeking some justification.

[panlex]

I really appreciate all the responses though they sounded negative but hey... these are facts.

At least for now, after your feedback, I don't live in a fantasy world thinking my watch will make me money in the future if I sell it later. At least my mentality of buying a watch is on the right track. Let's forget about making money and just enjoy the watch!

[dennis.T]

 .. Great that you understand now Watches is never an investment.. Just buy, wear and enjoy it.. Happy boxing day

[nasa]

Buy property, buy shares, buy bond, unit trust etc2...not watch for investment...

[mav23]

...I am still undecided. But not so much on which brand to choose (I have pretty much decided to go for Panerai or Rolex).

Let me explain:

If you have some spare cash lying around, what do you do if you have to decide between putting money in FD or buying a watch? Will the price of pre-owned watches increase over the years or decrease? Can watches beat inflation? Is watch better off than FD in the long run, say 10 years from now?

(Of course, besides the points that watches can be worn, adored, admired and touched)

Your thoughts? Especially from money value point of view. Appreciate if you could provide some hard figures but not necessary.

Thank you.

investing in fd will give u faster return. though the rule of thumb here is never invest in a watch but enjoy it instead, i personally feel it really depends.

it's the slower rate of increase in ur watch value that can't cope with other investment instruments. however, not forgetting the fact that no one can guarantee returns in ur investment except fd.

the c fu's here r right, if u buy from ad's, u will sure lose money once u walk out of their doors. buying preowned pcs will reduce ur risk of losing money drastically. however, there's exception from my personal experience buying from ad. i bought a brand new sub lv at list price in 2008, if i sell it today i still make some money after 5 yrs of enjoyment.

certain rolex sports models have pretty stable value growth throughout the yrs. rule of thumb of "investing" in a rolex is never pay more than its list price. happy hunting 

[Gigi]

Since you're thinking between Panerai/Rolex watch and FD, the FD will win hands down. You will get the initial investment back plus interest.

If you buy a new Rolex watch from an AD, you will lose at least 30% of the amount paid as soon as you walk out the door. If you buy a used one from the dealer, you will lose between 10-20% or more when trading it back in.

The hype about the steel Daytona, GMT master, green bezel Submariner 16610 is almost gone.


Buy a watch to wear and enjoy. If it retains it's value or appreciates in 20 years time, that's a bonus.

As far i know ad's in KL and in Australia are still selling daytona at premium. Keep telling me its rare and shits 

[dpkong]

...I am still undecided. But not so much on which brand to choose (I have pretty much decided to go for Panerai or Rolex).

Let me explain:

If you have some spare cash lying around, what do you do if you have to decide between putting money in FD or buying a watch? Will the price of pre-owned watches increase over the years or decrease? Can watches beat inflation? Is watch better off than FD in the long run, say 10 years from now?

(Of course, besides the points that watches can be worn, adored, admired and touched)

Your thoughts? Especially from money value point of view. Appreciate if you could provide some hard figures but not necessary.

Thank you.

investing in fd will give u faster return. though the rule of thumb here is never invest in a watch but enjoy it instead, i personally feel it really depends.

it's the slower rate of increase in ur watch value that can't cope with other investment instruments. however, not forgetting the fact that no one can guarantee returns in ur investment except fd.

the c fu's here r right, if u buy from ad's, u will sure lose money once u walk out of their doors. buying preowned pcs will reduce ur risk of losing money drastically. however, there's exception from my personal experience buying from ad. i bought a brand new sub lv at list price in 2008, if i sell it today i still make some money after 5 yrs of enjoyment.

certain rolex sports models have pretty stable value growth throughout the yrs. rule of thumb of "investing" in a rolex is never pay more than its list price. happy hunting 

If you think you can sell for the prices dealers are asking, prepare to be disappointed. Firstly, dealers will not buy used watches at the prices they sell them for. And secondly, watches never sell at the prices dealers are asking or posted. There is always a discount negotiated and sometimes it can be substantial.

For eg., the same used Rolex 16570 that dealers are asking 14-15k for can't even be sold for 13k on the market. Take that as a comparison.

[jason_recliner]

As far i know ad's in KL and in Australia are still selling daytona at premium. Keep telling me its rare and shits 

Not sure about KL, but highly unlikely that is the case here in Australia.  Even in WA, retail has died in the arse.  One of the Rolex ADs in Perth has recently downsized by half.  If any retailer tried to charge me a premium for anything over here I would first laugh my arse off in their face and then go shop elsewhere.

[JOS2012]

hi,
I haven't visited Oz since 2000 but been there like 9 times between 1990-2000.

At that time I found the prices of timepieces in Oz really high...I mean new pieces.
Is the situation there now different and how abt pricing of pre-owned?
A forummer here once posted a pic of a pre-owned shop that was 'holy shit'....well stocked with top shelf stuff. I forgot who or was it Gigi....but he commented that the prices were also on the high side when compared with those published on sites like WUS, Timezone, etc..

As far i know ad's in KL and in Australia are still selling daytona at premium. Keep telling me its rare and shits 

Not sure about KL, but highly unlikely that is the case here in Australia.  Even in WA, retail has died in the arse.  One of the Rolex ADs in Perth has recently downsized by half.  If any retailer tried to charge me a premium for anything over here I would first laugh my arse off in their face and then go shop elsewhere.

[jason_recliner]

Your fellow forummer was unfortunately 100% correct.  Australia is now one of the most expensive countries in the world, whatever you're buying.

No shortage of good stuff here - watches, wines, cars, houses, whatever you want we can get it for you - but be prepared to bend over and take it like a man!

hi,
I haven't visited Oz since 2000 but been there like 9 times between 1990-2000.

At that time I found the prices of timepieces in Oz really high...I mean new pieces.
Is the situation there now different and how abt pricing of pre-owned?
A forummer here once posted a pic of a pre-owned shop that was 'holy shit'....well stocked with top shelf stuff. I forgot who or was it Gigi....but he commented that the prices were also on the high side when compared with those published on sites like WUS, Timezone, etc..

As far i know ad's in KL and in Australia are still selling daytona at premium. Keep telling me its rare and shits 

Not sure about KL, but highly unlikely that is the case here in Australia.  Even in WA, retail has died in the arse.  One of the Rolex ADs in Perth has recently downsized by half.  If any retailer tried to charge me a premium for anything over here I would first laugh my arse off in their face and then go shop elsewhere.

[mav23]

If you think you can sell for the prices dealers are asking, prepare to be disappointed. Firstly, dealers will not buy used watches at the prices they sell them for. And secondly, watches never sell at the prices dealers are asking or posted. There is always a discount negotiated and sometimes it can be substantial.

For eg., the same used Rolex 16570 that dealers are asking 14-15k for can't even be sold for 13k on the market. Take that as a comparison.

i'm quoting the price which the dealer can take now is the same as the list price i paid earlier  if i sell direct, it can fetch more.

for 16570, i wonder if it is less desirable among sports models. but for sure it's way over supplied. hence, its price nosedives.

the same goes for ss daytona now. should any ad ask for premium, just walk away. it is quite similar to the fate of 16570 now = seen at dealers' shelves everywhere