Author Topic: Watches as investment 2.0!! Real example  (Read 28513 times)

Offline sshark

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Re: Watches as investment 2.0!! Real example
« Reply #25 on: December 01, 2015, 08:35:30 AM »
That hugely because RM went down while USD and Swiss Franc appreciated. USD went up >20%  and SGD  ~14%  against RM since last year and not counting the builds the years before. So, when I use SGD prices as the yardstick, there's nothing to shout about.

it seems that based on today's market prices a lot of wrist watches have gone up in value.

Btw sshark seems like the model you mention 16610 if you bought a few months back at 15k ringgit you would been sitting on some gains today!

Suddenly watches have become an investment!


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« Last Edit: December 01, 2015, 08:38:00 AM by sshark »

Offline theseira

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Re: Watches as investment 2.0!! Real example
« Reply #26 on: December 01, 2015, 08:48:26 AM »
What I have observed these few years is. When the currency is UP is good to shop for pieces that retain in value at good price, so when currency drop these investments could potentially as proven by the facts protected you from the fall of the ringgit.


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Offline kopykopy

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Re: Watches as investment 2.0!! Real example
« Reply #27 on: December 01, 2015, 10:24:27 AM »
This year could be an anomaly. GST + Rolex price increase (once or twice??) + RM depreciation.  But using another real life situation =  One year ago a SubC 114060 RM23k+.  Last month a Pre-own shop was selling a 1 year old used 114060 at RM24k (so forget it).

All ADs in Penang no stock.  5 ADs in KL no stock.  1 KL AD got 1 unit only want to sell at RM30k (so forget it).  1 last KL AD got 1 unit only sell at RM27k MRSP but i went 2 days later sold already.  I put down my phone no. (no deposit) and 1.5 months later got 1 unit and he called to say you MUST come today or else tomorrrow no more already.  :Laughing_on_floor:

Offline @tsw@

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Re: Watches as investment 2.0!! Real example
« Reply #28 on: December 01, 2015, 09:00:11 PM »
I think I got my wife's jumbo during mid 2013 abt rm67k after 5% rebate and without gst at that time. The retail price should have been abt rm71k. If you ask me whether there is money made investing in watches. Definitely no!

With the condition that her watch is in. I doubt I can even sell it for half its perceived value.  :Laughing_on_floor:

However the joy that it has brought her (strapping it on). And it giving her a deeper understanding of quality watches. Now this is priceless....... because I'm not nagged that much when getting what I want.

Mate is yours a 15202 jumbo or what? can share some pics? if 15202 sure you can sell for above 75k ringgit man.

Well. This is one of a few pics taken when we brought her home.





She is now well worn by wifey from lots of desk diving.

I seriously doubt watches within these type of price range will gain or hedge again inflation. Even if it does, its not within our life time to reap the rewards or I'll be too old to have any use for a watch.



Offline theseira

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Re: Watches as investment 2.0!! Real example
« Reply #29 on: December 02, 2015, 04:45:46 AM »

I think I got my wife's jumbo during mid 2013 abt rm67k after 5% rebate and without gst at that time. The retail price should have been abt rm71k. If you ask me whether there is money made investing in watches. Definitely no!

With the condition that her watch is in. I doubt I can even sell it for half its perceived value.  :Laughing_on_floor:

However the joy that it has brought her (strapping it on). And it giving her a deeper understanding of quality watches. Now this is priceless....... because I'm not nagged that much when getting what I want.

Mate is yours a 15202 jumbo or what? can share some pics? if 15202 sure you can sell for above 75k ringgit man.

Well. This is one of a few pics taken when we brought her home.





She is now well worn by wifey from lots of desk diving.

I seriously doubt watches within these type of price range will gain or hedge again inflation. Even if it does, its not within our life time to reap the rewards or I'll be too old to have any use for a watch.


It has hedge against the fall of the ringgit, try buying the same watch now. You won't get it anywhere near ur purchase price. now second hand trading above your purchase price already, and you bought new.

What's your perceived value? If it's 80k ringgit and you wanna sell for half its value let me know ill purchase it from you by December 2015.



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Offline AbbasHabshee

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Re: Watches as investment 2.0!! Real example
« Reply #30 on: December 02, 2015, 04:52:19 AM »
Lol sell me at 40k and i'll buy it ASAP  :Laughing_on_floor:

Offline theseira

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Re: Watches as investment 2.0!! Real example
« Reply #31 on: December 02, 2015, 04:54:10 AM »

Lol sell me at 40k and i'll buy it ASAP  :Laughing_on_floor:


Lol two buyers dy.

He say can't sell half the perceived value. I donno what his perceived value is.


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Offline @tsw@

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Re: Watches as investment 2.0!! Real example
« Reply #32 on: December 02, 2015, 05:44:23 AM »

Lol sell me at 40k and i'll buy it ASAP  :Laughing_on_floor:


Lol two buyers dy.

He say can't sell half the perceived value. I donno what his perceived value is.


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Yeap. Spot on.
40k is what a preowed watch shop in berjaya time square offered . My colleague took up the offer. 

You can look them up.  I think at level 6 or 7 (where all the preowed watch shops are).

It was not too long back.  I'm pretty sure the watch is still there. 
You can pm me for the shop name. 

Offline theseira

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Re: Watches as investment 2.0!! Real example
« Reply #33 on: December 02, 2015, 05:47:05 AM »
P

Lol sell me at 40k and i'll buy it ASAP  :Laughing_on_floor:


Lol two buyers dy.

He say can't sell half the perceived value. I donno what his perceived value is.


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Yeap. Spot on.
40k is what a preowed watch shop in berjaya time square offered . My colleague took up the offer. 

You can look them up.  I think at level 6 or 7 (where all the preowed watch shops are).

It was not too long back.  I'm pretty sure the watch is still there. 
You can pm me for the shop name.

Thanks PM send! Hope I can get it at that price.


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Offline @tsw@

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Re: Watches as investment 2.0!! Real example
« Reply #34 on: December 02, 2015, 06:07:44 AM »
For your info. What I was trying to say is that watch purchased with intention to hedge is not feasible if you are still into watches. 

Money gained from sales is definitely not a gain when you are purchasing your next piece because price has already gone up for the other piece as well.

When i think about hedging and profitting, watches does not do it. There is no substantial gain from watches in this range. Unlike properties  (during the boom time), it was virtually a 1 to 1 gain.

Example. With 40k downpayment for a 400k condo, you could sell at 600k upon completion.  After deducting all expenses, 40k makes you at least 150k from the sales.

With 40k watch, three years down the line with malaysian ringgit still in free fall. I doubt you can sell for even 60k.

To each his own thoughts on money management.


Offline CKL1213

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Re: Watches as investment 2.0!! Real example
« Reply #35 on: December 02, 2015, 07:40:26 AM »
I don't treat luxury watches as investment, however I just know that if you don't buy now, the price will just go up and up

till the day you finally decided to buy, then you started to think back, I should have bought it 2 years ago

I'm suffering now due to my wait and see approach


Offline JJTan

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Re: Watches as investment 2.0!! Real example
« Reply #36 on: December 02, 2015, 08:26:34 AM »



I bought my 16610 at Hourglass KLCC in 2002 for RM13k. If its worth RM18k then i would have gained close to 40% to offset ur 'Shringgit'. I suppose it's safe to say i gained wrist time this last 13 years.

I am referring to Sub Date 16610. From the SG forum AP 15300, the price hovered between SG$14K to SG$15K. I do agree there are few models  that retain their values or appreciate in values. Are you just going to buy those watches because they increase their holding values  or because you like to wear them?



 16610 now so cheap a. I might get one if its around 15k ringgit. This is value for money!!!

Yea I have a main criteria when acquiring watches. It has to satisfy both the value retention and at the same time i have to like the piece.

Still looking for a 5131 at retail price. It's impossible to find at the price. Probably be my last watch if I manage to get a good deal.


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 I think the 16610 later model with RolexRolexRolex Rehault and no lug holes may be going for RM21k - RM22k

Yes, there's no way one could get a good condition 16610 for rm15k....maybe 4-5 years ago, but certainly not now.... A quick check online revealed the price between the range of 18-24k for 16610 depending on whether full package or not and condition.....


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Offline theseira

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Re: Watches as investment 2.0!! Real example
« Reply #37 on: December 02, 2015, 08:31:38 AM »




I bought my 16610 at Hourglass KLCC in 2002 for RM13k. If its worth RM18k then i would have gained close to 40% to offset ur 'Shringgit'. I suppose it's safe to say i gained wrist time this last 13 years.

I am referring to Sub Date 16610. From the SG forum AP 15300, the price hovered between SG$14K to SG$15K. I do agree there are few models  that retain their values or appreciate in values. Are you just going to buy those watches because they increase their holding values  or because you like to wear them?



 16610 now so cheap a. I might get one if its around 15k ringgit. This is value for money!!!

Yea I have a main criteria when acquiring watches. It has to satisfy both the value retention and at the same time i have to like the piece.

Still looking for a 5131 at retail price. It's impossible to find at the price. Probably be my last watch if I manage to get a good deal.


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 I think the 16610 later model with RolexRolexRolex Rehault and no lug holes may be going for RM21k - RM22k

Yes, there's no way one could get a good condition 16610 for rm15k....maybe 4-5 years ago, but certainly not now.... A quick check online revealed the price between the range of 18-24k for 16610 depending on whether full package or not and condition.....


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Sshark mention it is 15-16k ringgit. That's why I say I sure buy if 15k ringgit. Sshark can you please clarify?




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Offline @tsw@

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Re: Watches as investment 2.0!! Real example
« Reply #38 on: December 02, 2015, 09:25:38 AM »
P

Lol sell me at 40k and i'll buy it ASAP  :Laughing_on_floor:


Lol two buyers dy.

He say can't sell half the perceived value. I donno what his perceived value is.


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Yeap. Spot on.
40k is what a preowed watch shop in berjaya time square offered . My colleague took up the offer. 

You can look them up.  I think at level 6 or 7 (where all the preowed watch shops are).

It was not too long back.  I'm pretty sure the watch is still there. 
You can pm me for the shop name.

Thanks PM send! Hope I can get it at that price.


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Yes.  Seira.
I was not thinking clearing.
My colleague was selling to them and not buying from them.
I misunderstood your sentence.  :HammerHead: :HammerHead:

However. Can be verified. Bought abt same time in 2013, but his was from Singapore and should be slightly cheaper. But sold at 70% of its original price. But if compared to the current perceived value, then abt half price.

And sorry again for the misleading statement. I was not thinking correct

Offline @tsw@

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Re: Watches as investment 2.0!! Real example
« Reply #39 on: December 02, 2015, 09:33:33 AM »
Oh and why I say perceived value.  It's because if you look at pricing in U.S or singapore, there hadn't been much increase.  Maybe 5 to 10% more then 2 years ago.

It has got to do with the free falling ringgit.

Offline theseira

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Re: Watches as investment 2.0!! Real example
« Reply #40 on: December 02, 2015, 11:26:14 AM »
if you sell to dealer sure they offer very low le. How to lose money if they buy 15202 for 40k ringgit that's a steal. To illustrate based on experience:

Dealers offer me 63k ringgit for my PP5711 le, that's like a slap in the face lol. Highest offer I got was 17k USD from dealer. But they manage to sell it for 22k USD-24k USD. Personally if I sell it myself in SG I could fetch over SGD 30k no problem.

When you sell to dealer there is a very high chance that you will lose a lot of money.

Offline sshark

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Re: Watches as investment 2.0!! Real example
« Reply #41 on: December 02, 2015, 11:36:04 AM »
That was a few months ago. After the RM fell like a stone, the price was increased tremendously on top of GST.  Outside of MY, it still hovers around the SG$5k~6k++. In otherwise, the raise in 2nd hand prices just an illusion.






I bought my 16610 at Hourglass KLCC in 2002 for RM13k. If its worth RM18k then i would have gained close to 40% to offset ur 'Shringgit'. I suppose it's safe to say i gained wrist time this last 13 years.

I am referring to Sub Date 16610. From the SG forum AP 15300, the price hovered between SG$14K to SG$15K. I do agree there are few models  that retain their values or appreciate in values. Are you just going to buy those watches because they increase their holding values  or because you like to wear them?



 16610 now so cheap a. I might get one if its around 15k ringgit. This is value for money!!!

Yea I have a main criteria when acquiring watches. It has to satisfy both the value retention and at the same time i have to like the piece.

Still looking for a 5131 at retail price. It's impossible to find at the price. Probably be my last watch if I manage to get a good deal.


Sent from my iPhone using Tapatalk

 I think the 16610 later model with RolexRolexRolex Rehault and no lug holes may be going for RM21k - RM22k

Yes, there's no way one could get a good condition 16610 for rm15k....maybe 4-5 years ago, but certainly not now.... A quick check online revealed the price between the range of 18-24k for 16610 depending on whether full package or not and condition.....


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Sshark mention it is 15-16k ringgit. That's why I say I sure buy if 15k ringgit. Sshark can you please clarify?




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Offline chrisyen

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Re: Watches as investment 2.0!! Real example
« Reply #42 on: December 03, 2015, 12:50:37 PM »
Or maybe watches r a good currency hedge? At a certain point in time?


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rolex sport watches - sub/gmt .... YES, history proven it !

Offline AbbasHabshee

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Re: Watches as investment 2.0!! Real example
« Reply #43 on: December 03, 2015, 02:18:48 PM »
if you sell to dealer sure they offer very low le. How to lose money if they buy 15202 for 40k ringgit that's a steal. To illustrate based on experience:

Dealers offer me 63k ringgit for my PP5711 le, that's like a slap in the face lol. Highest offer I got was 17k USD from dealer. But they manage to sell it for 22k USD-24k USD. Personally if I sell it myself in SG I could fetch over SGD 30k no problem.

When you sell to dealer there is a very high chance that you will lose a lot of money.





Out of topic but what's the damage for PP5711 in the current market and what's the damage when you bought it? ;)
« Last Edit: December 03, 2015, 02:22:32 PM by AbbasHabshee »

Offline theseira

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Re: Watches as investment 2.0!! Real example
« Reply #44 on: December 03, 2015, 02:39:09 PM »
if you sell to dealer sure they offer very low le. How to lose money if they buy 15202 for 40k ringgit that's a steal. To illustrate based on experience:

Dealers offer me 63k ringgit for my PP5711 le, that's like a slap in the face lol. Highest offer I got was 17k USD from dealer. But they manage to sell it for 22k USD-24k USD. Personally if I sell it myself in SG I could fetch over SGD 30k no problem.

When you sell to dealer there is a very high chance that you will lose a lot of money.








Out of topic but what's the damage for PP5711 in the current market and what's the damage when you bought it? ;)

Paid 26,000 SGD for mine placed the order and locked in the price in 2013 and it was BNIB and my name on papers came with a patek tie also. 

Market value depends whether you wanna quick sell it or not we talking second hand pieces:
If want quick sell advertise 20k USD it will go very fast.
Moderate around 23K+ USD should be obtainable (private sale).
Lots of dealers advertising the piece for around 24K+ USD which is crazy. Slow to move but eventually I see it get sold with minimum discount.

List price is 21900 swiss francs.
« Last Edit: December 03, 2015, 02:45:24 PM by theseira »

Offline theseira

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Re: Watches as investment 2.0!! Real example
« Reply #45 on: December 03, 2015, 02:43:45 PM »
P

Lol sell me at 40k and i'll buy it ASAP  :Laughing_on_floor:


Lol two buyers dy.

He say can't sell half the perceived value. I donno what his perceived value is.


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Yeap. Spot on.
40k is what a preowed watch shop in berjaya time square offered . My colleague took up the offer. 

You can look them up.  I think at level 6 or 7 (where all the preowed watch shops are).

It was not too long back.  I'm pretty sure the watch is still there. 
You can pm me for the shop name.

Thanks PM send! Hope I can get it at that price.


Sent from my iPhone using Tapatalk

Yes.  Seira.
I was not thinking clearing.
My colleague was selling to them and not buying from them.
I misunderstood your sentence.  :HammerHead: :HammerHead:

However. Can be verified. Bought abt same time in 2013, but his was from Singapore and should be slightly cheaper. But sold at 70% of its original price. But if compared to the current perceived value, then abt half price.

And sorry again for the misleading statement. I was not thinking correct


Ok TSW

I have my dealer friend spoke to the dealer you mentioned to me from Times Square the one your friend sold the 15202 to? If he sold 40k ringgit I don't know what to say lol. Ok that dealer you mentioned from times square he quote the 15202 AP:

 ------> 110K Ringgit <-------

Whooping man!

Offline @tsw@

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Re: Watches as investment 2.0!! Real example
« Reply #46 on: December 03, 2015, 03:13:02 PM »
Wtf. Happened less then 3 months ago.

In this case the jumbo is costing more then the pp5711. How can that be?



Offline theseira

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Re: Watches as investment 2.0!! Real example
« Reply #47 on: December 03, 2015, 03:22:37 PM »
Wtf. Happened less then 3 months ago.

In this case the jumbo is costing more then the pp5711. How can that be?

Well based on retail I found the following:

the retail price of AP15202 is $22500 USD?

PP5711 retail price last I checked was 21900 CHF. 1 USD = 1.02 CHF.

Offline @tsw@

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Re: Watches as investment 2.0!! Real example
« Reply #48 on: December 03, 2015, 03:37:13 PM »
Wow. Two years ago. The ap was sold at a slightly lower price then the pp.

How times have changed

Offline el118

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Re: Watches as investment 2.0!! Real example
« Reply #49 on: December 03, 2015, 07:20:40 PM »
Somethng not rite, i last asked AP boutique two mths back, 15202 steel retail 80++k, cant be 100k now