The myth of value retaining? Where we go next?

[TJ]

It's a hobby for me. I'll sell off my watches only if the price is right and because I don't wear them anymore.

[IWCking]

Gigi, i wont have any issue at all if i can sell my existing collection breakeven or at slight loss. Indeed, even some very hot brands and models also have to suffer very major haircut even after several years.

[Gigi]

Gigi, i wont have any issue at all if i can sell my existing collection breakeven or at slight loss. Indeed, even some very hot brands and models also have to suffer very major haircut even after several years.

Yup, but my Sinn and fortis is kinda hard to move in the local market. I not ready to sell someone overseas as you know many things will happend save me on shipping fee too.

[IWCking]

sinn and fortis are not popular locally. indeed, i see 2-3 tier watches as 'total loss' if i buy them.

[chrisyen]

all depend on which series / model....

i bought and sold sinn u1, 2 sinn u black, sinn 142 st, sinn ezm1 bape edition.....

so general statement can be very wrong sometimes....

[terrenceterrence]

I guess it depends on the "taste of the moment"

Just like the case of resale prices of GV and Pams couple of years back.

You really want a "recession proof" watch that is "quite guaranteed" to appreciate gradually as each year goes and low risk..... buy a SS Daytona Black dial IMHO

[TheHobbit]

I guess it depends on the "taste of the moment"

Just like the case of resale prices of GV and Pams couple of years back.

You really want a "recession proof" watch that is "quite guaranteed" to appreciate gradually as each year goes and low risk..... buy a SS Daytona Black dial IMHO

+1 or any of the watches from Rolex Sports collection.....

[rusminag]

I guess it depends on the "taste of the moment"

Just like the case of resale prices of GV and Pams couple of years back.

You really want a "recession proof" watch that is "quite guaranteed" to appreciate gradually as each year goes and low risk..... buy a SS Daytona Black dial IMHO

+1 or any of the watches from Rolex Sports collection.....

Except for explorer2

[G.MAC]

i buy pre-owned to soften the blow.

[TheHobbit]

I guess it depends on the "taste of the moment"

Just like the case of resale prices of GV and Pams couple of years back.

You really want a "recession proof" watch that is "quite guaranteed" to appreciate gradually as each year goes and low risk..... buy a SS Daytona Black dial IMHO

+1 or any of the watches from Rolex Sports collection.....

Except for explorer2

It's time will come.

[dpkong]

as can be seen, prices of the 16570 are already creeping up slowly since the fad of the 216570 hasn't quite evolved.

[IWCking]

Guys, rollie is not as 'recession proof' as we thought. I have one too, but its special edition model, took me a couple of years until rollie decided to discontinue the model for me to 'break even'. Took my friend around 10 years to 'break even' with his explorer 2. Daytona price dropped a lot during late 2008-2009 in HK. But i guess its fair statement to say that "rollie sport model tends to lose lesser" than other watches generally. My pam, popular model, is still down 25% after 5 years.

[terrenceterrence]

"dropped a lot" because it's always been selling at a premium and never at retail.

Just like if you've bought the GV when it first came out at RM40K, does not mean you've lost money and can't break even. It just mean that you've bought it at a premium with highly inflated price.

[rusminag]

Pre-loved rolex sports(minus exp2) will maintain their price better. If you are good in bargaining, you may get dealer price instead of pre-loved retail price. In that way, you can even make some profit selling to non-dealer when you decide to let it go.
That is why we have so many independent dealers here....

[hanz079]

I dunno where the negative feelings regarding expii's come from, but i do believe it is one of the most bang for the buck rolex... Movement is the same as in gmtii which costs more... Like hobbs... I believe it's time will come... In fact, every rolex will have it's day...

[meoramri]

The best way to ensure that will be value to our collection is to POISON as many people as possible about the joy of watch collecting.

Economics 101: Price is dependent of the Supply-Demand curves

Since flooding the market with more watches will have a negative impact on our investments, we should instead focus our efforts to convert more people to be watch collectors, hence increasing the demand factor and hence the value of our collection!! 

QED

[MadZiZ]

Or simply play the opposite and hope that a brand discontinues to make a specific model thus creating a forced demand then the value will increase. Similar concept with limited productions.....LOL 

[dpkong]

The best way to ensure that will be value to our collection is to POISON as many people as possible about the joy of watch collecting.

Economics 101: Price is dependent of the Supply-Demand curves

Since flooding the market with more watches will have a negative impact on our investments, we should instead focus our efforts to convert more people to be watch collectors, hence increasing the demand factor and hence the value of our collection!! 

QED

 

regardless how many view the Exp2, i have no intention to let mine go. it wears so nicely even my wife with a small wrist has hijacked it.

and to those who lose money on the SS Daytona, it's because they paid a premium above retail for it. there are even sellers trying to sell pre-owned pieces at retail prices. when i was after a Daytona, i thought long and hard. then, after much thought, i decided i'd be foolish to jump into that so i got a TT Daytona with Zenith movement at a fair price which was a lot cheaper than SS prices after an hour of haggling instead. i wanted a Daytona, not something i thought would hold value.

to me, the pleasure of wearing a watch i like far exceeds my expectations of resale value. when i buy, it's for enjoyment, not resale value. no matter which Rolex you buy, you won't lose much if you buy it pre-owned at the right price. if you're lucky and that's a BIG if, you might break even (without factoring inflation of course).

[IWCking]

Terence terence

I dont believe paying premium i.e. above retail price for a rollie. I got it at retail. But that will still lose value after purchase. Same for daytona during late 2008-2009. The myth about black daytona bursted that time.

Indeed, learning from my personal experience, so I opened this topic so that more people will be aware. Of course, bloggers may say that its interest, so 'losing value' is not an issue. My point is watch collection is expensive hobby. So better prepared the new comers mentally rather for them to rush in without a fair experience from third parties.

[TheHobbit]

My point is watch collection is expensive hobby. So better prepared the new comers mentally rather for them to rush in without a fair experience from third parties.

Any hobby can be expensive if we want it to be. Watch collecting does not have to be expensive and it is not. It is just perception and the want and need to be one off with the rest or keeping up with the Jones that cause it to be expensive. Buy and collect what you want  and can afford and not what you think people want or expect you to have.

[Gigi]

My point is watch collection is expensive hobby. So better prepared the new comers mentally rather for them to rush in without a fair experience from third parties.

Any hobby can be expensive if we want it to be. Watch collecting does not have to be expensive and it is not. It is just perception and the want and need to be one off with the rest or keeping up with the Jones that cause it to be expensive. Buy and collect what you want  and can afford and not what you think people want or expect you to have.

  on this statement. Everyone have their own needs and wants in their life. We are into this hobby cause we share the passion for horology not because one had 100000000 patek phillipe

[Godzillaz]

I support your cause.

Here are some lessons I summarize (my op was too long) which may or may not be useful to all.

1. Just like red wine, only about 2~3% of the watches in this world can retain its value in time.
2. Time means at least 7~8 years not 2! Those watches where price can appreciate in 2 years are not something that we can buy by just walking in and ask.
3. Even somehow manage to find the rare 2% watch chances are the price has already gone up. Buying them later only will see little/no gain
4. (This is my best) These rare 2% watches most of the time are some of the ugliest or unpopular model that we never dream of owning or wearing it.
5. Am I in this for the love or the money? If money then there's better investment vehicle.

Regards
Tyler

Terence terence

I dont believe paying premium i.e. above retail price for a rollie. I got it at retail. But that will still lose value after purchase. Same for daytona during late 2008-2009. The myth about black daytona bursted that time.

Indeed, learning from my personal experience, so I opened this topic so that more people will be aware. Of course, bloggers may say that its interest, so 'losing value' is not an issue. My point is watch collection is expensive hobby. So better prepared the new comers mentally rather for them to rush in without a fair experience from third parties.

[sm]

I agree w all forumers.  It is just a hobby. You wont find 'watch collecting' an item in investment or finance books.
Lets forget about those rare pieces, there are beyond the reach of 99.9% of honest living Malaysian.

[IWCking]

Come one guys, watch collection is definitely one of the expensive hobby which is equivalent to sound system, red wine, exotic etc.

There are heaps of hobby which are cheap or even free such as running (a basic sport shoes), badminton, football, meat ball, fish ball... Movie, web surfing, fishing...

I also know people who collect match box, used stamp, coral, key chains, book mark, magazine, old newspaper, hallo kitty, teddy bear etc.

Watch definitely cost way more than any of them. I mean we are talking about general but not exception of course. I wish watch collection is a cheap hobby too. 

[SonnyCooL]

Come one guys, watch collection is definitely one of the expensive hobby which is equivalent to sound system, red wine, exotic etc.

There are heaps of hobby which are cheap or even free such as running (a basic sport shoes), badminton, football, meat ball, fish ball... Movie, web surfing, fishing...

I also know people who collect match box, used stamp, coral, key chains, book mark, magazine, old newspaper, hallo kitty, teddy bear etc.

Watch definitely cost way more than any of them. I mean we are talking about general but not exception of course. I wish watch collection is a cheap hobby too. 

then go for ICW watch, that should be cheap