Buying my first Rolex
Hi Everyone,
I have been diligently reading the 100 pages of posts here. I am new to watches and my profile is I only like value for money Rolex watches. I have to rule out Daytona so the next best thing is Submariner.
I am looking to buy only pre-owned watches. Submariner 116610 LN and 16610 LN are the ones for me.
I am looking to owning this watch for a very long term and I don't think I will be poisoned as I do not like to wind numerous watches.
At retail prices, I can see that 116610 is selling at $10,500 and 16610 is around $8,000. In terms of pre-owned watches, our garage is selling at $8,500 for 116610 and maybe a $6,300 for 16610. I did see a $5,800 for a T series (Year 1996) which is quite old.
I have three questions here.
1) In terms of appreciation, is Submariner second only to Daytona? What about GMT and others?
2) I can see that when the watches are older, it will be sold at a lower value. Is it because they are assumed to have more wear and tear and servicing is more expensive?
3)Is it worth it to buy a preowned $8,500 116610 or a $6,300 for 16610 Z series or a $5,800 16610 T series? I will disregard aesthetic but more focused on future appreciation.
Thanks a lot!
Hi Everyone,
I have been diligently reading the 100 pages of posts here. I am new to watches and my profile is I only like value for money Rolex watches. I have to rule out Daytona so the next best thing is Submariner.
I am looking to buy only pre-owned watches. Submariner 116610 LN and 16610 LN are the ones for me.
I am looking to owning this watch for a very long term and I don't think I will be poisoned as I do not like to wind numerous watches.
At retail prices, I can see that 116610 is selling at $10,500 and 16610 is around $8,000. In terms of pre-owned watches, our garage is selling at $8,500 for 116610 and maybe a $6,300 for 16610. I did see a $5,800 for a T series (Year 1996) which is quite old.
I have three questions here.
1) In terms of appreciation, is Submariner second only to Daytona? What about GMT and others?
2) I can see that when the watches are older, it will be sold at a lower value. Is it because they are assumed to have more wear and tear and servicing is more expensive?
3)Is it worth it to buy a preowned $8,500 116610 or a $6,300 for 16610 Z series or a $5,800 16610 T series? I will disregard aesthetic but more focused on future appreciation.
Thanks a lot!
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