Buying advice - Constellation Globemaster

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Hey folks - would like to ask your expert advice on purchasing a Constellation Globemaster. I'm particularly interested in the solid gold (not sedna) one. I love the look of it and by all reports it's very high quality. The price however is quite high ($24k) and I'm reticent to spend that much especially when the base options are a third of the price.

Do you think that the watch will hold its value well compared to other new watches? I have seen quite a few examples on chrono24 and ebay for ~$15k. I think those are likely fake or damaged but I don't want to lose $10k on the purchase if that really is the market clearing price for one outside a dealer.

Separately, do you have any specific advice when buying one of the more expensive models from a dealer? I've read through all the advice in the forum for buying from them but if you have any advice specific to this purchase, I'd love to hear it.

Thanks in advance for your thoughts.
 
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No gold watch holds it value — even Rolex gold models routinely sell for less than retail on the secondary market.

The prices in chrono24 are accurate for the secondary market and the watches are likely real and in good shape.

If you really want the gold, always buy it on the secondary market or at a substantial discount. Never pay full retail
 
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I would take it a step further and say 99% of watches bought at retail will instantly lose at least 20% of their value. Very similar to how cars lose value the instant it leaves the lot.

I always buy used. Sometimes those used watches are also new/unworn with no difference from what you would get at the AD or boutique. Obviously there are fakes but I feel comfortable buying on eBay especially with their authenticator check if you're in the US and the watch is over $2k. I just bought a Speedmaster 3861 on Hesalite last month on eBay and paid $4k compared to the retail $6,600.
 
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To chime in on the above, whether you get the one you are eyeballing, or one for $10K less - for that kind of scratch you would do yourself a huge favor by investing in having it authenticated upon purchase. C24 offers a third party authentication service which protects your purchase in case it is a fake.
 
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As noted above, most watches, precious metals especially, lose considerable value upon purchasing brand new at or near MSRP. I doubt the watches on Chonro24 listed around $15,000 are fake. I would buy on the secondary market from a reseller that is well established with an excellent reputation if you go that route.

I think the Rolex bubble period of 2019-2022 created the impression that watches gain rather than lose value upon purchase--or at least hold their value. That is very much the exception in the history of watches.
 
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Always buy what you like, but this is definitely a piece that you'll want to get on the secondary market. Even the stainless, which is more popular takes a hit on the secondary market.