Regretting Rolex and Losing Money
Вставка
- Опубліковано 29 чер 2024
- Just an old fashioned ramble about Rolex purchase regret, losing money, and where to sell/trade. What do you think?
0:00 - 2:37 The Long Run
2:37 - 5:01 Having Regret
5:01 - 7:02 Perception
7:02 - 9:29 Evolving Taste
9:29 - 11:24 Losing Money
11:24 - 13:27 Some Suggestions - Розваги
As you said Bruce, it is different for everyone. I wouldn’t sell; but then, I never do. I started collecting watches as a youngster in 1972 and, to this day, I have focused mostly on affordable watches. I love owning 45 watches and enjoy wearing them all. I can sell some of my early Seikos at 10 times what I paid for them, but they bring as much joy to me as a Rolex or Omega would to someone else. Just as I enjoy looking at Ferraris and Porsches, I enjoy looking at Daytonas and Omega Snoopies: but I do not want to own any of them. I love driving my old Volvos (yes, four of them!) and wear my cheap watches with great pleasure.
You have excellent taste. Seiko is great and Volvo is brick 😊
Owning 45 watches would be a chore. You're not going to be paying to service them, so most of them probably keep crappy time or have other glitches.
@@highnrising I service my watches as the need arises. My watchmaker is the venerable Hisao Yakota here in North Vancouver, Canada. have known him for more years than I care to remember. He is a third-generation watchmaker who used to work for Seiko in Japan as a youngster. Now in his mid-seventies, Hisao is a maestro at maintaining vintage watches. Sourcing OEM pats for my older pieces has never been a problem for him (starkly contrasting my experience with micro brands). More to your comment, servicing Seiko and ETAs are cheap as chips, and paying a few hundred dollars a year is just part of the hobby. I am an a-type person and my all vintage pieces keep excellent time.
@@JanH80-pm5bw Thank you, kind Sir. I agree wholeheartedly 😊.
@@edteach3r I’m inspired! You’re a true watch collector 🔥🔥
I'd honestly try a strap change first, that can sometimes really revive a watch! :)
Surprisingly effective. I bought a titanium watch with a titanium bracelet, but the fit of that bracelet was really poor and for a while I didn't wear the watch. I ended buying a really high quality leather strap to match the markers and it made a huge difference to the watch and my enjoyment of it. There are many brands where the watch head is amazing, but the strap/bracelet choice is woeful.
It's true that many people don't notice watches. But that is not always the case. How many times have you seen a very well dressed person? But you probably don't approach them or make any comments in most scenarios about their clothing. Maybe that is not an exact analogy, but some folks may get my point here. As for Rolex watches, I think many of them are fantastic while not necessarily being for everyone (even if they have the money). And based on the circumstances, I think Bruce is giving the guy good advice. He is already having regrets early on with his Rolex (based on this personal situation), so it's not likely to change. If the owner can't see themselves wearing the watch and truly enjoying it, there's no point in keeping it. Sell the watch. Take the loss, learn from the experience, and move on.
When I started this hobby 16 years ago I scoffed at Rolex. Used to say, “how can anyone drop $x on a watch?!”
Now I’m looking at dropping $40k CAD on a PM Daytona on oysterflex lol.. we all come around. Difference is I love Rolex watches now purely for their design and reliability. In 16 years I’ve never posted any of my watches on my social media platforms - I prefer if people didn’t notice.
Great vid, Bruce, thank you 🙂👍. Yep, I look at some prior watch purchases and wonder what I was thinking 🤪
I genuinely love your yellow gold day date. Such a classic watch. I hope to own one one day.
Great vid. So much valuable discussion around the hobby. I’ve had so many nice watches, and what you said about taste changing is so true! I used to purchase a lot of Breitling - but liking more trim silhouettes. Put my name on “the list” for a 36 Explorer last week. Walked down 5th and saw the Summer Blue Aqua Terra and BOOM. They were sizing it for me 35 minutes later. I was thinking, whoa- you never even laid eyes on that piece, didn’t watch a single video - who does that?!! Lol, well, you made me feel so not alone….. the rush is amazing… and when the dust settles, and the “fit” is right- it’s just the best. - thanks, Bruce! your girl from
Brooklyn 😊
You have to be pretty rich -the 1% at least to be able to spend $40,000 on a watch. Especially when you have a family... never mind building up a relationship with an AD to give you a Rolex in the first place.
It depends on how you prioritize your spending. Many people spend $40,000 on a new car and go out to eat every other night and take Hawaiian vacations. Some drive a cheap car, cool at home go camping and invest that $40k in a watch that will go up in value. I truly believe you can buy this watch as a middle class person.
Especially since risk free money yields %5 so you could be making $200+ a month on that money.
Top 1% networth in the USA as of 2023 is $13.7 Million. Any household holding between $2.47 Million networth to $13.6M is consider within the top 2% networth band in the USA as of 2023. If you have a networth of $4M, spending $40K on a watch, which is 1% of your networth on a hobby, is within reason (especially when you prioritize appropriately, buying the watch with cash, house is paid off and you have stashed away money for retirement, have emergency savings and no debt). My point being, $4M networth is no where close to being a top 1%, but you can easily afford the watch when nearing the bottom of the top 2%. The math works out and you don't have to be a top 1% to buy a day date.
@@alanwong8307 Just looked it up... seems a bit high. The figures I'm getting are top 1% in USA is new worth = $5.81m. This is more in line with UK where the top 1% here would be £3.6m (2022 figures). Of course UHNW are considerably more but thats less than 1% of population. There are also differences I've notice between attitudes to money in old money and new money.
My comments are being deleted... but here goes. Top 1% net worth in USA is $5.81m according to figures I looked up. Less than half yours. This would also be more in line with UK figures of £3.8m. Of course UHNW are worth much more, but this is not the 1%.
great vid and great thoughts
Sounds like you bought at the top of the market.
Hype kills
I buy Rolex because I love them. They have extremely accurate automatic movements, iconic styling that’s not too flashy, and the best bracelets in the business. Status helps Rolex sell their watches, but that’s not why I buy them.
Not as accurate as Omega…
Rolex is king 👑
@@kleinster99 on the contrary with a higher beat rate and longer power reserve.
Omega..nah. Accuracy is good but fit, finish, design, bracelet level not in the same league.
@@kleinster99 I own both brands and regarding time accuracy , I don't see any difference. I love Omega's open back cases. However, their bracelets are not even close to the Oyster and the Jubilee. Great value for what you get. Specially pre-owned.
I admire your videos for the positivity. I started collecting Automatic Wathces again after a 25 year gap. From a Tag Heur in 1998 to a Seiko SKK005, big gap.
I'm a watch novice but that yellow gold day/date is remarkable and almost makes my stomach cringe it is so stunning. I thought the old solid gold Concords were crazy but the jubilee that accompanies your perpetual is a show stopper. Thanks for sharing!
If you are selling a watch online, the problem with PayPal isn't the 3% fee, it's that PayPal almost always sides with the buyer when there is a dispute. So if the buyer is a scammer, you will lose your watch, and PayPal will not help you.
Had this issue recently…..PayPal and eBay both side with the buyer and charge you a fortune for the pleasure
What service can be considered safer? Not exactly 'biased', but fairer?
Jack don't sell it it's a great watch and 34m isn't to small it's in your head. You said yourself your not short on money, so keep it and put it in your will for a family member or friend.
You'd still lose money if increase in price of watch is lower than inflation.
Very true, many factors at play. Inflation goes up, perhaps the spot price of PMs rise which could offset the inflation. That’s one plus of PM models.
How's the polished gold on your watch holding up? Does it attract lots of scratches?
What about Chrono24? I've sold lots of watches there with no problems and always felt I got a fair price.
You know when you truly appreciate a brand when you lost money and still desire the brand. I lost probably over ten grand in value and I'm still very enthusiastic about the brand and collecting it 💯
You know when you truly appreciate a brand is when you could make easy money selling many of its models and I probably could have made over ten grand selling those models but I like how other people complain about the brand because they have no possibility of getting one of them. That's why they are called luxury, not peasant brands. (I am an adult so I don't do the teenage girl emoji thing.)
@@davidr2802you may not do the teenage girl emoji thing but you are a pro at the internet douche game.
My first purchase in Watch collecting..was an Omega Speedmaster Racing white dial $8100. And my wife insisted I buy it before it was gone…that was many many watches ago ( both expensive and sub $750 ) my wife collects the blinged watches too…what I like about collecting is the trading factor…your emailer can always trade in for the Moon Watch Speedmaster,..and if you hang on to your OP you don’t lose anything..
After 20 years I sold my late wife’s Rolex Pearlmaster 18K diamond bezel, pearl face, diamond numerals box & papers, & unused gold links. I received my money back. Very happy.
The Rolex over-retail Grey Market values have confused a lot of people and for many can only be understood through the lens of hype. The inflated Grey Market prices have been good news for Rolex as it has enabled them to increase their prices significantly but it has caused confusion and frustration with both retailers and buyers. For me, I think we are going to see Rolex prices all heading back to retail and even below retail.
I love your strap on the Speedmaster, where did you get it?
Cannot agree more about changing taste in watch collecting over time. IMHO, the worst thing to do is view watching collecting as some kind of investment plan. Although there are some people that can do it with success, most will fail.
Spot on!
Well considered perspective and presentation 💯
My brother in law owns a white Oyster Perpetual Date Just with Roman Numerals - jubilee bracelet and fluted bezel as well as a Daytona and another Rolex. He doesn’t wear them anymore. It’s been years so I called them the other day and asked him if I can borrow the Date Just for an event - he said sure. He even sent pictures of Cartiers as well as Phillip Stein as well as Chronoswiss Timemaster. He is content using a Samsung Smart Watch.
Wow so trusting and generous of him.
I hope to own a day date 36 one day.
I just watched your video and I really enjoyed it! Your video was well-made, informative, and entertaining. I especially liked the way you explained the topic in a clear and concise way. I also appreciate the way you included relevant details in your video.
Overall, I thought your video was excellent! I would definitely recommend it to others who are interested in learning more about the topic.
Thanks for creating such a great video!
Sincerely.
PS: I outsourced this feedback to AI
That daydate is 🔥 🔥 🔥
I love Rolex and I’m blessed enough to have acquired two at retail. With my latest purchase I am kind of done with collecting honestly for at least multiple years unless I get offered a Daytona at retail
Listen to you guys. You feel ‘blessed’ Rolex allowed you to spend 10s of thousands on sport watches.
You were violated from the rear and you didn’t even notice it.
@@-mynameisnobodyblessed indeed are those deemed worthy enough to buy a mass production watch via a network of increasingly arrogant ADs.
@@-mynameisnobody I didn’t buy anything I didn’t want I had no purchase history. I feel blessed because I grew up poor. Both my parents were homeless when I was born and I’m the first person to go to college in my family and I wear a 10k watch everyday
@@duncanhamilton5841 I feel blessed because I grew up poor. Both my parents were homeless when I was born and I’m the first person to go to college in my family and I wear a 10k watch everyday. Rolex makes an amazing watch I also feel blessed to own my omega and my Panerai
@@WatchUnwind I now get your angle, fair play to you sir.
I don't know the condition of the Rolex Jack has but the price he paid seems high for that model and date. Perhaps it was bought during the madness. It's a nice vintage Rolex which I would keep. Bruce is a known flipper so his advice has to be seen from that perspective. Keep the Rolex, buy a Seiko Prospex or a G-Shock as your daily and plan the next purchase. Trading is not easy for the novice especially with valuable watches so think carefully about the next big buy.
Chrono24. One of the better options for an individual to sell on a watch like that.
Why would pay 40k… you can get like a Blancpain limited edition diver for 20k
Love your gold Rolex. I’ve had a few in 36 and keep wanting that 40 of yours.
I think his is a 36mm.
@@easternzone7869nah, his is definitely a 40.
The 40 is amazing. Perfect size
Damn, that watch looks good!
Hello Bruce - as you probably know that profit margins for AAA-grade watches is small - very small. You should not expect too much of a hit on the DAY-DATE even though it is gold. You have a beautiful watch is that the 39mm or 41mm and have you considered the more comfortable vintage 36mm? Or, you may consider an even more comfortable 15210. Sorry the 15238's are for me.
Amen Bruce!!
It is a beautiful watch!
Only twice in my life has anyone noticed the watch on my wrist. Once was the checkout girl at McDonald's and the second time was a pilot who was jumpseating on the flight I was operating. Both times it felt really great, but doesn't happen often enough to factor that in a purchase decision. Most copilots I fly with wear an Apple watch. 😒
My biggest regret as a watch collector was to start with Richard Mille and Breguet before appreciating the value in microbands like Rolex and MVMT.
Still, you have to start somewhere!
Microbrands like Rolex??? 😂😂😂
Talk about going big or going home lol. My first watch was a Grand Seiko before I moved to Rolex
Rolex and MVMT?
that's an insult to MVMT.
LOL
Rolex has messed up big time. The fact that there is a lot of rolexes up to 4 years old for sale in unworn condition is indicative of these watches in the hands of people who can't actually afford them. Rolex has allowed their ADs to sell to wide boy grey market dealers/flippers and done serious damage to the brands image.
Or buying to flip
Forget what people assume. Life is so short , enjoy your watches and your life. ✌🏽
Even if my Rolex drops 50% I ain't selling because I love it, and what it represents to me when I bought it. *Datejust 41 Wimbledone 2 tone* I also plan on growing my collection of watches which includes Rolex.
If you truly love watches price wouldn't be a factor when choosing the models you purchase.
I’d be very careful where I would wear that gold Rolex Daydate ! Not worth losing your life over or at minimum losing your arm. I stoped wearing mine 25 years ago and eventually sold it. I didn’t like the unwanted attention that watch was attracting. When I purchased mine it was only $11,000 new at the authorized dealer…. My have the times changed.😳
You can buy a 30yr old day-date right now for under $20k.
Yes, and that watch was retailed for $11,000 in 1992. Now mid to high teens so roughly 50% increase. If the same happens in 30 years from now, a current day date would be close to $60,000. Or the market and demand could tank an it could be below $10,000. Flip a coin for your answer.
Regarding your gold day-date; you said it will make money in the future….is that compared to what you paid for with adjusted for inflation or just purely on speculation? I know many Rolex value is quite high; but that’s with current demand. Is the heighten in value has the demand in the equation & if so, what if demand goes away? You analyze a lot of thing but it seems when it comes to your stuff, it’s almost “wishful” based. Not giving you a hard time; just would like to see you elaborate more.
Can we in the future get some footage of the Omega seamaster with sailcloth strap on wrist? :D
Unless you are Eric Wind and you know how to trade watches for a profit, one should consider high end watches for what they are, that is luxury items, like a very nice suit, a piece of art or a jewelry.
You buy them because you can and you enjoy the feel of owning it. They should not be considered as assets and the assumption should always be that you will make a net loss of 50% if you flip it. If you are uncomfortable with the idea, then this luxury item is simply not for you. Period.
Some of the depreciation on certain brands of watch is just simply too high. You are an idiot to buy a new one. Let the whales try them out for a year or two before you get a deal on a second hand one.
i recently went on a cruise and they had a watch and whiskey seminar. there were only about 20-25 people in the room. the man running the show went around the room asking what everyone was wearing invictas and one dude was wearing a mvmnt crapper. i felt weid when i said i was wearing an omega lol!
Love this channel
It's a true classic Bruce, Keep it..
Great advice, good luck Jack!
The gold day-date looks incredible! That said, I’m looking down at my Seiko Cocktail Time Blue Moon which I first fell in love with on this channel a few years back with those beautiful outdoor shots you did. It’s not Rolex but for £300 (and with that stunning dial) it’s pretty special.
The market is getting ready to show who actually are in it for the watches and who was in it for a quick buck. I buy watches because I like them not for some perceived dollar value.
You’ll never get your money out of this watch. If you lock it up for your heirs heirs heirs, maybe. But you won’t.
That new Turtle in your Intro threw me back around 5 years ago, making me remember that time. Great video Bruce!
Why you didn't buy one 20-40 years ago?
I totally get OPs feelings about not wanting to come across as an "elite" or better than because you wear a Rolex. When I worked in corporate supply chain where I was onsite at different distribution centers, I never felt comfortable wearing my Rolex, understanding the pay rate of most warehouse staffers. I kept my Batman under long sleeves on every site visit.
I will say, I've since been allocated a polar dial Explorer II and I still hide it under long sleeves but even when it becomes exposed nobody has ever noticed, to your point Bruce. Thanks for the video and thoughtful discussion.
Rolex to impress others: Omega, Breitling, Oris (+many others) to impress yourself.
Dear Viewer. Please remember that everything in life is a victim of fashion. The tide comes in and out. So just because Rolex is the thing now, doesn't mean they will be in 20 years. I go to plenty of watch auctions, where you can buy a 50's, 60's or 70's Patek for $5-7000. Thinking that this is your pension is just not true. Remember Rolex will soon be making 2 million watches a year. So they aren't rare.
Not really a collector but I bought a Tudor Tiger woods in like 1998 and that thing has shot up in price over the years. Worth almost 5 times the price I paid. Watch has a white face, black sub dials, chunky stainless band, black units per hr bezel.
I think people should buy a watch to wear and only if they like it. That’s it.
It should not be an investment given that it’s rare when people “make money” considering inflation…
It should not be a flex for people to notice.
In the ideal world, your "should" should be the rules!
Hello Jack - if you are reading - I am sorry for hearing of your regret having obtained a prized Rolex DATE model 15210 from SWE. You are probably confused as to what a Rolex watch is, and I assure you a Rolex Oyster Chronometer is NOT jewelry but a horologic instrument (chronometer) made to aid in locating or navigating you to any place on earth at any time down to the second. You have a highly functional and beautiful oyster chronometer that I see from Bruce's posting (if it is yours) from SWE who are highly reputable who will be happy to take it back from you. If you want a fine watch only to show off, and, or, not use it for the instrumentation that it was made for as a professional-use watch - then having a Rolex is not for you. And for your information, your 34mm entry-level watch has the exact same movement caliber 3130 as Bruce's DAY-DATE models that were made during the 1990 era and of the same quality. As far as the price you paid, not mentioned here, you got a good deal but you probably could have done better in Italy or Germany.
sell it and make some videos about the process of selling it, value loss / gain and struggles or wins
If you can't figure out what to do with your watch, you're probably not old enough to own one.
Just get old with this gold
Rolex only says someting to people who don't know anything about watches because everyone knows the name. Its the commercial luxury like LV for example and it suggests its the pinnacle of luxury for poeple who don't know. Everyone who knows knows that it's just the beginning
The bubble on anything bursts. It’s a cyclical in nature. It’s simple really.
Sorry pal, but if you bought a Rolex to begin with then it means you had the dough to burn. In my life I've lost thousands on bad investments, scams, etc. It's part of life - so don't have regrets, just move on and learn the lesson. I would NEVER spend $5k to $10k on ANY kind of watch. NO WAY JOSE! It's like putting all your pension investments in one stock.
2:24 I can follow your logic, but you're not taking the opportunity cost into consideration. If you sell the watch now at a loss and invest that money in the S&P 500, the invest will double every 10 years (average of 8% return per year). I don't think you will get $140,000 for this watch in 20 years.
Good point. Not sure the S&P500 will still be performing well in 10 years time though …
I feel like if you buy a day date you plan to keep it
Bruce, are you LDS? 🙂
good luck jack . BW - first I heard a reference to 'the clergy'. - interesting . be safe ~. JDS/CT
You must have a heck of a labor category Bruce to be able to cop that President. 👏 to you
So all Rolex owners fall into two distinct catogories, but everyone else is so nuanced and special??!! 😂😂😂
What a Crock!
Its not the 'Rolex" he purchased, that's the problem....... It's the size FFS!
Starting off with a £/$5K watch is a fantastic thing to do.......... if you purchase the right one ;)
Hey Bruce, great video. May I know what’s the table clock behind you?
If you are not in the watch flippingg business, buying a Rolex for the possible resell price is the wrong thing to do. Unless, off course, you happened to have bought a model that spiked to something like, 5x what you paid for it.
Bruce, did you sell it yet? :)
Id rather a Tudor any day before a Rolex
Bruce, that's nonsense that you're guaranteed to make money selling that Rolex in 20 years.
Few people want to wear 20-year-old watches and you have no idea what people in 20 years are going to think of that watch. It may look like a boring clunker for Grampa then.
An interesting vid. I do not sell my watches because I consider myself not a collector but an enthusiast, and why would any enthusiast think ROI as primary consideration when I like a watch for what it is and not for its monetary equivalent? Your "opining" kinda lost me two minutes into your vid once you mentioned possible merits and dismerits of 'flipping'... I believe there is a certain sickness of soul that develops in the people who were "spoiled"- for example, those who dated too many in their day and thus moved beyond any ability to commit, be it to a woman or a watch. I also pity those unfortunate souls wjo are unable to live in present, to be fully present in the present and to enjoy each moment
without scheming years ahead into planned "upgrades"...
Regarding specifically Rolex - my thoughts are rather simple:
A) Let's admit that the best timekeeping right now is done by a cell phone, and a watch is more of a jewelry object really. While its precision may tickle imagination, it's really irrelevant in our era when a disposable $300 watch keeps time better than the best 19th century marine chronometers!
B) Therefore, with caliber issue aside, Tudor makes the best Rolex! Yes, 'tis true! The 300% upcharge for the appearance of the Rolex name on the dial is precisely that: - a marketing and reputational value of Rolex trademark and not much besides! Everyone should decide on their own if they wish to pay that upcharge for reputation and status that comes with it. I do not hate on Rolex as many do, but there are alternatives, for sure.
C) Your gold bracelet day/date is actually a beauty and I'd wanted one for no other reason than Andy Warhol used to wear one daily later in life. And it looks great as a gold bracelet!!! This is important- in my mind, this watch IS NOT A WATCH with gold bracelet but a GOLD BRACELET with a watch in it (as an extra)!! There is a fundamental conceptual difference between the two: this day/date is akin to a women's jewelry bracelet with a watch; so, you've got yourself one of most beautiful pieces of men-jewelry. Enjoy it for what it is! Cheers!
PS. A disclaimer: - I do have a 'proper' solid gold watch, made in Glasshute that I chose over a Rolex, a proper heavy large yellow gold nugget with very sophisticated movement, but it comes only on a black alligator strap, like a 'proper' gold watch would. Do not really care if it appreciates with time or not, it's my (almost) daily wearer which I enjoy and love and will never sell as too many good life moments are tied with it. I am a little envious of your bracelet-with-a-watch! I will never sell mine, but I am really considering buying the one like yours...
Cheers!
Thousands of dollars now might be hundreds of pennies on the dollar in 20+ years.
sooner or later the value of the gold in the watch will be more than what you paid for it... irrespective of the watch market
With this Rolex, gonna wait a loooong time for that to happen!
The idea of buying something mass produced at retail price and selling it for more than you bought it for, is the prime example of the idiotic capitalist society we live in.
So you have a problem with capitalism - what do you suggest as an alternative?
I think you misunderstand what "retail" price is, if you think it immutable or set by some "authority". Things cost as much as someone is willing to pay. Cheers!
Capitalism at its best; supply and demand. No one is forcing you to buy. If you have the funds and want a product; buy it. No funds, no desire to buy; don't buy it. Quite easy concept.
market will drop further, so better do it now.
As John Lennon has said it “Being honest may not get you a lot of friends but it’ll always get you the right ones.”
The same goes with associated with luxurious goods. Don’t allow a Rolex or Porsche or loving Dubai to be a stigma. The vast majority will hate you moving up in life because that’s a swear word for them as a metaphor of their own circumstances.
Bruce, your Day-Date is brilliant. That’s the Warren Buffett “Daddy Watch” that I’m waiting for as well…you know how the client’s list goes. Lmao.
Jack your over thinking about it. Nobody thinks your an elitist. Mostly only other collectors would notice it’s a Rolex. It’s an Air king. Great watch. But I would put it in the safe for awhile and just buy a Tudor or Seamaster. Your air king may not loose as much in the future as the down time we are in now.
I’d like a Rolex to store in my safe next to my stash of gold coins…
Why? This Rolex is a poor investment. It's more of a status symbol, to be worn and enjoyed, with most value coming from its reputation and history and brand. Its best to wear, get the kudos and the envy, bask in the sense of well-being that wearing such a watch can cause, and, as Conan once said- hear the lamentations of your enemies..." at a sight of it! It is not a watch to keep in a safe. I'd wear mine to scratches, knowing that we cannot take it (or gold coins for that matter) once we depart this world- which can happen to anyone at any moment, by the way! So, live in the present moment, enjly what you got, live your life to the fullest, and like in an old joke, when your kids open your will, let it say "all my money I spent while being of solid mind.."
No this watch will get even cheaper with time
I enjoy your channel and content. I'm also in SLC.
Beautiful watch Bruce.
A member of the clergy saying “patience and restraint are not [his] strengths” … 🥴
MODERN Rolex Suck…I got a Sinn and I really enjoy it… Rolex are playing to many ego games
Too many ego games for an average watch these days. I bought a micro-brand watch that feels infinitely more premium than Rolex.
Yes, Tudor makes the best Rolex (as a watch object)! The 300% upcharge for the appearance of the actual Rolex name on the dial is precisely that: - a marketing and reputational value of Rolex trademark. Everyone should decide on their own if they are willing to pay that upcharge for reputation and status that comes with it. I do not hate on Rolex as many do, but there are alternatives, for sure.
Sell it if you're thinking about it. Cheers!
I am not American. I am not religious. so I am curious - Why would wearing a Rolex as part of the clergy potentially be considered inappropriate?
It probably depends on the type of religious sect, look up televangelism...
Two main reasons: firstly, in most Christian sects it's seen as important to live your life an an example of morality and Christ-like character. In many groups this is particularly important for people who hold positions in the church. The consumerism represented by a brand like Rolex is much more in line with personal gratification than with humility and service as exemplified by Christ.
Secondly, churches are typically funded by donation, and tythe given by members of the congregation and community. If members of the church staff are buying luxury goods it can make people concerned about corruption and embezzlement.
If you are clergy AKA making a living income from the church congregation ie. Tithes and offerings, it’s a bad look to have a luxury item that was bought and paid for by your church parishioners. All that money is accounted for and most would say the money can be spent elsewhere..
Wait, are there guys buying watches as an investment? Is that actually a thing? An investment is something that has a track record of increasing in value over time.
Invicta phase 🤦🏻♂️
Back in the day most Rolexes could be bought below retail from grey market. This whole expectation that watches go up in value as investments is a zero interest rate phenomenon that will eventually go away. That’s why you should buy what you like, not for investment.
Do your research first before you buy any watch.
And even then, that's not a guarantee that what you buy will be a keeper.
This watch is gonna be flipped. For sure.
my recommendation for selling is to either sell face to face, or to someone on forums with a lot of good feedback, or on ebay, listed high priced with a "make an offer" button, and filter offers from people only with a lot of good feedback. its a lot easier to get scammed as a seller than as a buyer as paypal usually side with buyers.