Two watch 007 LE for newbie collector

Foo2rama · Feb 9, 2020

2 2out2sea
I guess I'm just hoping to mitigate potential losses. Watches are turning into a fun hobby, but wow the costs of entry vs potential losses are hard to manage.

Again, I don't expect to make money on watches. I'm just not looking to lose any if possible. Hopefully Rolex will continue it's 10+ year trend.

At this point I'm curious if y'all think there's an advantage to buying a regular seamaster 300m vs a bond edition? Take the Uber expensive 2 watch kit off of the table.

If you want to minimize costs IE depreciation if your going to flip buy smart pre owned or the grey market new watches.

Evitzee
People have been predicting for years that Rolex will unleash a torrent of production to bring supply and demand into some sort of equilibrium, and it never happens. And it won't here, either. I don't know what your signs are that this will change soon; tea leaves, Ouija board, a Magic 8 Ball or something else but until it actually happens it's just wishful thinking.

My feeling is watch the markup on the secondary market falling, they have already killed the grey market and just flippers exist at this point. Once that mark up on the secondary is gone and they still keep the practice it just starts a devaluation trend as why buy a watch that's hard to get that is just devaluing. Its how the market is going and how it will respond. That break over point seems to be getting really close.

Even if they do not up production, flippers will see less and less money as demand is drying up and getting one new will no longer mean you can make money selling it. I even submit that Joe blow that does not have a good reputation for selling watches cannot go out and get one off of the waiting list and make money anymore. Too many out there at minimal markup from trusted sellers already.

Nobel Prize · Feb 9, 2020

I don't know @Foo2rama , I see your point but I do think Rolex has retained and increased value over most other brands. this is before the extreme Stainless sport shortage. the GMT, the Daytona, the 5512/13 none of those has depreciated, ever. They may have appreciated at an uncommon rate due to the shortage and gray and second market exploitation, there you are right, but it is not like you could buy most of those models under market. Some OP's, the Cellini's even the date just at one point or another, but not the signature pieces.

Or am I wrong? (could be)

2out2sea · Feb 9, 2020

Not a flipper. I also tend to buy from AD to ensure authenticity and to build a good relationship. In my mind half the fun of this hobby is just sitting and talking watches.

I plan on keeping the watches I buy. But wisdom dictates thinking of the rainy day. If I ever had to liquidate my collection I don't want to be too underwater on them.

Foo2rama · Feb 9, 2020

@Nobel Prize the Daytona been constrained on purpose since it worked so well when it was actually constrained by zenith not giving them enough movements. 5512 are a bit rare.. and 5513 have not really appreciated more then Speedmasters from similar periods traditionally. Save the past 5 years when new ones have been constrained.

Nobel Prize · Feb 10, 2020

Foo2rama
@Nobel Prize the Daytona been constrained on purpose since it worked so well when it was actually constrained by zenith not giving them enough movements. 5512 are a bit rare.. and 5513 have not really appreciated more then Speedmasters from similar periods traditionally. Save the past 5 years when new ones have been constrained.

even so, there was no depreciation compared to most other brands in their category, at least model to model. Take Omega. The speed master sure maintains value ( sort of) and the vintage pieces gain value.... but very few other models achieved the curve , even if you just account for maintaining value, than the equivalent on Rolex.

the POLMLE has a Rolex type behavior.... not many more.

compare that to all the GMT lines, the 5513, the 14060, the 16710, the explorers, the Daytona’s... its a lot of models maintaining or gaining value even before the pushed demand/ availability ratio.

when was the last time you could find a submariner on gray jomashop at 10 to 10% discount.... versus the speed master pro. I’m not talking about now, I’m taking even 5 years ago when you could find the Daytona for 9g’s still ( I know because I got one and then flipped it for considerably more a few years later..... and now they’re on the mid twenties!!

So I do see your point but it doesn’t quite seem to apply fully to the actual reality. Partially yes.

Foo2rama · Feb 10, 2020

Nobel Prize
even so, there was no depreciation compared to most other brands in their category, at least model to model. Take Omega. The speed master sure maintains value ( sort of) and the vintage pieces gain value.... but very few other models achieved the curve , even if you just account for maintaining value, than the equivalent on Rolex.

the POLMLE has a Rolex type behavior.... not many more.

compare that to all the GMT lines, the 5513, the 14060, the 16710, the explorers, the Daytona’s... its a lot of models maintaining or gaining value even before the pushed demand/ availability ratio.

when was the last time you could find a submariner on gray jomashop at 10 to 10% discount.... versus the speed master pro. I’m not talking about now, I’m taking even 5 years ago when you could find the Daytona for 9g’s still ( I know because I got one and then flipped it for considerably more a few years later..... and now they’re on the mid twenties!!

So I do see your point but it doesn’t quite seem to apply fully to the actual reality. Partially yes.

I posit the bulk of Rolex does not.... DJ's Oysters, celini, any gold model.. SS steel models currently yes, but outside the Daytona not many have traditionally.

mk2rick · Feb 10, 2020

8100_RPM
If you're talking about the limited edition set of 257, only buy it if you really like it. For $42,100, I don't think there will be a large secondary market for this.

Agreed it’s too expensive for two similar watches ? Neh I’ll pass !

Archer · Feb 10, 2020

Foo2rama
I posit the bulk of Rolex does not.... DJ's Oysters, celini, any gold model.. SS steel models currently yes, but outside the Daytona not many have traditionally.

Indeed even the Daytona was selling for a premium years ago, then suddenly not for quite a while when supply came up to meet demand, and now it's gong for a premium again.

Nobel Prize · Feb 10, 2020

Archer
Indeed even the Daytona was selling for a premium years ago, then suddenly not for quite a while when supply came up to meet demand, and now it's gong for a premium again.

Foo2rama
I posit the bulk of Rolex does not.... DJ's Oysters, celini, any gold model.. SS steel models currently yes, but outside the Daytona not many have traditionally.

Good!

Then maybe I can get the Daytona back someday...that and the sky dweller are the 2 Rolexes still crave.

Evitzee · Feb 10, 2020

I don't ever remember steel Daytona's being readily available at ADs, they were always elusive. Gold models, yes, and sometimes two-tone were available, but not steel. I think the hope that we will be able to walk into any Rolex AD in the land and see both steel versions side by side ready for purchase is fanciful. I just don't see that happening. The other steel professional models may be more plentiful going forward but I think they, too, will be somewhat tricky to get from an AD.

Two watch 007 LE for newbie collector

Foo2rama

Nobel Prize

2out2sea

Foo2rama

Nobel Prize

Foo2rama

mk2rick

Archer

Nobel Prize

Evitzee

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