What would you do?

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flintlock67

·Oct 5, 2024

Hi

I know it’s up to me really but what would you do.

I’ve had a Rolex milgauss for two years and never worn it. It has all relevant papers, box etc.

I’m considering part exchanging it on the grey market for a Silver Snoopy 2024 with all relevant papers etc. The difference I’ll have to pay is £6000.

Do you think the Snoopy is a good investment in the long run?

Any comments would be appreciated

Thanks

John

 

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Dan S

·Oct 5, 2024

Nobody can tell you what would be a good watch to invest in. And if you are looking for an investment I recommend selling the Rolex and buying an index fund.

However if it’s between those two watches as investments, I’d keep the Rolex. Very few non-LE Omega watches hold their value.

 

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Davidt

·Oct 5, 2024

Very few Rolex’s hold their value at the minute either!
Obviously it depends on several factors, what they’re offering for your Milgauss, what they’re charging for the Snoopy and what value you put on your enjoyment of the over the other.
People can offer their opinion as to the value of the trade in the current market but no one can tell you whether it’s a good investment for the future.

 

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DON

·Oct 5, 2024

The snoopy is not a limited edition watch and I hardly think any modern Omegas hold their value, so not a good investment.

Don't know why anyone would pay $15k for it

Buy a Timex Marlin for $350 and you get snoopy. Sell the Rolex privately and pocket the difference

 

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gbesq

·Oct 5, 2024

Watches are not investments, commodities or alternative currency. They are watches. Sure, it you are lucky enough to select the right watch at the right time, you might make money, but the odds are against you. The only good reason to do this is because you like the Snoopy more than the Milgauss.

 

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Laneside

·Oct 6, 2024

Get and keep what gives you pleasure. If you've never worn the Rolex, it's not rocking your boat. I totally agree with Dan S. Why not just buy a watch you really like and would wear? Investments are not watches and watches are not investments.

 

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PatinaPete

·Oct 6, 2024

I hope when people say "investment" they mean "won't lose my shirt selling it later." I think that's what most mean. I know that's what I mean. To make money, the advice to buy an index fund is probably the best. Wait for a pull back in the Russell 2000 and buy something indexed to small caps.

I couldn't buy a watch to have it sit in a box. I'd have to buy 2, one to wear, the other to sit in the box.

 

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ibis888

·Oct 6, 2024

I will be glad for the day when the term "investment" and "watch" are never used together again. As many others have said, buying a Total US Stock Market index fund 5-10 years ago would have made you far more money than almost any watch.

A Speedmaster Moonwatch (modern 3861 or a neo vintage 3590.50/145.022) and perhaps a vintage or neo vintage Rolex Submariner (1680 for example) would make a great two watch collection.. both classic watches that will never go out of fashion.

 

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Larry S

·Oct 6, 2024·Color Commentator for the Hyperbole.

If you didn’t wear the Milgauss, what makes you think you will wear the Snoopy? I suspect you think these watches are investments. As suggested so far, think again.

 

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Syrte

·Oct 6, 2024

I would spend a very tiny fraction of those spare £8000 on a worthy cause:
https://omegaforums.net/whats-new/posts/159333/

 

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Evitzee

·Oct 6, 2024

I would buy what you like and not ask strangers what they would do. Forget any investment angle, this is a passionate hobby, and it can be very expensive. And often (usually?) irrational.

 

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Annapolis

·Oct 6, 2024

For what it’s worth, my S&P 500 ETF looks like $h!t on my wrist and is not keeping COSC time.

 

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PatinaPete

·Oct 6, 2024

Annapolis

For what it’s worth, my S&P 500 ETF looks like $h!t on my wrist and is not keeping COSC time.

Sadly, "keeps accurate time" came in near last place in the "Top ranking factors for a vintage purchase" thread

 

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flintlock67

·Oct 9, 2024

flintlock67

Hi

I know it’s up to me really but what would you do.

I’ve had a Rolex milgauss for two years and never worn it. It has all relevant papers, box etc.

I’m considering part exchanging it on the grey market for a Silver Snoopy 2024 with all relevant papers etc. The difference I’ll have to pay is £6000.

Do you think the Snoopy is a good investment in the long run?

Any comments would be appreciated

Thanks

John

Thanks for all your replies. I notice that the majority of watches for sale on the site are offered at more than people have probably paid new. Not so bad an investment then.