peithe Posted January 12, 2009 Share Posted January 12, 2009 those are brand new prices you've listed. if you were to sell your used watch, you'd probably still be able to get what you paid for it. so in essence, parang nilagay mo lang ang pera mo sa aparador for 9 yrs. (which is a poor way to invest). unless the watch in question is really rare, it would probably be asking too much for it to be an investment piece. rather, why not just enjoy it for what it is- a good instrument for telling time that makes you proud wearing it. I agree with you on some of your observation that the price i quoted above are brand new price. I am not really sure how much the "resale value' of this will be at present but taking your word for it, I would probably get what I paid for (or maybe in my humble opinion a little bit higher). Generally, buyers of Rolex watch buy the watch because they can afford it and probably don't have the intent of selling it in the long run. Most if not all would just pass them down from one generation to another. Having said that, I just want to comment on your statement being a "poor way to invest" ... which I beg to disagree. I think you're being too technical about it ... equating it via P+I. Technically speaking in making an investment what you hope for is to be able to receive or get back the following ... principal + interest (or capital appreciation in some cases). As we all know, watches in general depreciates in value once you've purchased it. A swatch watch for example that is priced P10K won't fetch that value 10-20 years down the line don't you think? In the case of the Rolex, since down the line you're still able to get what you paid for, this satisfy the first qualification of a good investment which is to get back your principal. As for the interest ...well interest is defined probably as the cost for using the asset (CASH/Princiapal). In short its the opportunity cost that your money would have earned if you did not use it to purchase a ROLEX (ie anywhere from 1%-5% p.a. assuming its in time deposit). However, interest or cost of using the asset can also be equated for the time that you've enjoyed when you wear that piece of watch. Definitely, there should also be a "value" equated for using your ROLEX ... just like for example in a car rental or simply a custume rental fee. Sounds fair don't you think? Quote Link to comment
Zarbor Posted January 12, 2009 Share Posted January 12, 2009 Rolex Milgauss is one heckuva nice retro timepiece. Rolex or this?This is a patek (hidden lugs) Cal. 27SC Both. Quote Link to comment
lionel Posted January 12, 2009 Share Posted January 12, 2009 This is a solid gold 18k Rolex watch. looking for a new home Quote Link to comment
kanski Posted January 17, 2009 Share Posted January 17, 2009 Generally, buyers of Rolex watch buy the watch because they can afford it and probably don't have the intent of selling it in the long run. didn't i just say this? well, not verbatim. ..I think you're being too technical about it ... equating it via P+I. Technically speaking in making an investment... i'm being to technical about it? and yet you retorted by technically speaking? hmm... to be honest, you lost me after 'technically speaking.' really, didn't want to bother with the rest. if you think that, all that you've written, if it's going to make sleep better at night, then cool. cheers! Quote Link to comment
lovejones Posted January 25, 2009 Share Posted January 25, 2009 rolex watches are definitely worth it because they are potential family heirlooms. http://www.dream-watches.co.uk/images_watches/699a.jpg mine (a submariner big crown) was given to me by my old man which he bought during the vietnam war. the watch still bears some scratches of his courage. Quote Link to comment
kanski Posted January 28, 2009 Share Posted January 28, 2009 can anyone point me to a store that sells mechanical winders for self-winding watches? if you already own one, can you state how much did you get it for besides the where? i just feel embarassed to enter all the watch stores and ask them one by one (what can i say, shy ako). thanks a mil to the bloke(s) who can spare the minute to do so. Quote Link to comment
lionel Posted February 4, 2009 Share Posted February 4, 2009 Another vintage Rolex Quote Link to comment
coleman Posted February 7, 2009 Share Posted February 7, 2009 I got 1 watch winding 16k 4 watches ang pwede... Bought it sa trinoma ground floor not sure bout the shop name... They also got the 9k but only for 1 watch... They told me that warranty covers for a year n will be sent for repair sa lucerne, so that means lucerne also have this thing... Quote Link to comment
Solitude00 Posted February 7, 2009 Share Posted February 7, 2009 wow ok pala rolex! thanks for the reply For the second-hand watch market in the Phils ... a late 90's model (10 year old) Rolex in excellent condition with box and papers generally goes for approximately 75-80% of what you would pay for a brand-new model today. I guess appreciation would only occur for limited edition models. Just like luxury cars, not all Rolexes are created equal. The same watch without box and papers would probably go for 35-40% of brand new only. You can get some nice looking authentic Rolex Oyster Perpetuals for 60K to 75K from the gray market. Of course, with no box and papers, it's your lookout if you want to bring said watches to the Rolex service center - if the original owner reported it as stolen, you may have it confiscated. Best practice for a no box / papers watch is to have the watch authenticated at the Rolex center before purchase. Be prepared to pay for the authentication fee. Hehe. Quote Link to comment
lionel Posted February 8, 2009 Share Posted February 8, 2009 For the second-hand watch market in the Phils ... a late 90's model (10 year old) Rolex in excellent condition with box and papers generally goes for approximately 75-80% of what you would pay for a brand-new model today. I guess appreciation would only occur for limited edition models. Just like luxury cars, not all Rolexes are created equal. The same watch without box and papers would probably go for 35-40% of brand new only. You can get some nice looking authentic Rolex Oyster Perpetuals for 60K to 75K from the gray market. Of course, with no box and papers, it's your lookout if you want to bring said watches to the Rolex service center - if the original owner reported it as stolen, you may have it confiscated. Best practice for a no box / papers watch is to have the watch authenticated at the Rolex center before purchase. Be prepared to pay for the authentication fee. Hehe. And the authentication fee now is 1000pesos & The Rolex watch stays with them for 1week Quote Link to comment
Solitude00 Posted February 8, 2009 Share Posted February 8, 2009 And the authentication fee now is 1000pesos & The Rolex watch stays with them for 1week ONE week?! WTF ... it won't take more than an hour to check the hallmarks for authenticity. Does it really take that long to determine if the watch has been reported stolen or otherwise have some ownership issues? :thumbsdownsmiley: Nice pictures btw. Quote Link to comment
kanski Posted February 9, 2009 Share Posted February 9, 2009 ^^ correction, authentication takes 2 wks. and no certification will be given... what a bummer. ang gusto ata nila e magpa-authenticate din yung next owner if you decide to sell the watch. Quote Link to comment
MRROUGHSEX Posted February 15, 2009 Share Posted February 15, 2009 Im saving up for an SD. Quote Link to comment
max426 Posted February 16, 2009 Share Posted February 16, 2009 (edited) i'm saving for a 2-tone date just Edited February 16, 2009 by max426 Quote Link to comment
lionel Posted February 16, 2009 Share Posted February 16, 2009 ^^ correction, authentication takes 2 wks. and no certification will be given... what a bummer. ang gusto ata nila e magpa-authenticate din yung next owner if you decide to sell the watch.[/quo2 weeks na!! Since when? Got 4 pcs to bring pa naman. How about the fee Sir? Tumaas ba ulit? Quote Link to comment
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