Setting the absurd asking price aside, I'll take this opportunity to point out yet again that it is outrageous that chrono24 allows sellers to not disclose details (i.e. remain "private"). It is the sole reason why I don't do business through the site.
@citizenrich Not happy with the rate and conditions for a 50g loan off the guy down the road from you
You might offer your liver for transplant. Don't worry you can get along just fine with only one of your livers.
Hang on, whoa back, just a minute, no no no no! Stop trashing this watch! That's a perfectly reasonable price! Now how do I get mine on Chrono24. Oh, BTW, I think my lugs are sharper.
I think the seller’s probably used the new C24 feature that automatically generates a new benchmark price for any given reference. I think this is the button that does it.
In current condition, I’d say knock the last digit off and divide by 2 and that’s probably close to what this watch is actually worth. Lol, if you take a look @ the listing, you can see that ~200 ppl have viewed the listing in the last 24 hrs and it’s now considered a “hot on fire” listing!
(humblebrag) ? I borrowed money for my first (3) watch purchases. The first one I needed a loan (in college). Second and third were favors to a dear friend who worked @ a Rolex AD and needed to hit a number for a year end bonus. Long story, boring: I still have all (3) Rolex watches which I bought on credit from 1988 to 1991. I paid around 400 bucks in interest (total). That interest portion is worth something like 70x the original amount. /leverage Shocking, right?
It turned out very good for you, but still I see this as a very big risk. The value of any watch can change quickly in any direction... Because of that, I prefer saving first (I saved a long time for my Seamster) and then buy. This gives me the piece of mind that I don't have to pay a loan. Just my preference of course...
But there's surely something wrong with C24s algorithm if it comes up with $52k as a benchmark price, no?
Yes. My story would be a little different had I purchased anything other Rolex or certain brands. So, chalk it up to a good combination of dumb luck and having knowledge that Rolex usually kept it’s value. I don’t think anyone predicted that the product(s) of a company that makes a gorillion watches p/year would actually go up in value (above inflation). I wouldn’t want to finance the purchase of a Hublot (or, most modern watches). Heck, even Rolex may have already seen her best days...