Which Rolex to invest?

[Rolex_Crow]

Hi Newbie here...

Thinking of investing a Rolex. Has prices come down because of the economic crisis, as more people are parting with their watches?

Which is a good model to buy now?

Saw a GMT Master 2 16710 "U" series, going for $6500 (2nd hand). Was told its discontinued.

Is this a good buy?

[116520]

Hi Newbie,

You should re-phase your question to "Which Rolex to wear?" It is very hard to earn money from buying and selling watches. Buy it if you like it....

[Metank]

I would say daytona. Till date, The price is still holding. As it did went down abit. But it is still one of the best watch that holds it's value. Hope i did help.

[lolex kia]

Hi Newbie here...

Thinking of investing a Rolex. Has prices come down because of the economic crisis, as more people are parting with their watches?

Which is a good model to buy now?

Saw a GMT Master 2 16710 "U" series, going for $6500 (2nd hand). Was told its discontinued.

Is this a good buy?

GMT Master 2 U series is more than 10 years old....GMT 2 is such a hot item that I feel the prices have been overinflated. 13 months I bought one of this vintage for low $5000 and you can easily picture the price escalation

In my view, a preown explorer II at about $4,500 is good value for money.

[triton]

eh. i would say none. if u look across all the sports models modern. prices have already soften during economic downturn.

beginning of 2008, a BNIB daytona is being sold @ 18k for black dial. now? now can get it for ~15k. so is it worth investing?

vintage series have held their value pretty well. but also dipping about ~5%.

[dleekc]

eh. i would say none. if u look across all the sports models modern. prices have already soften during economic downturn.

beginning of 2008, a BNIB daytona is being sold @ 18k for black dial. now? now can get it for ~15k. so is it worth investing?

vintage series have held their value pretty well. but also dipping about ~5%.

Pls advise what is the market value for black dial daytona with zenith movement....

[triton]

for this, it is hard to say.

some people say zenith movement daytona is an iconic piece. i agree. probably the die hard rolex fans and collectors will know the difference between a zenith movement one and a non-zenith movement one.

in the past, i told myself that if i get the daytona, i must get the zenith movement now. after looking @ trying to purchase one for 4 years, i still dont own a daytona.

reason 1- i dont feel it is worth to pay so much for a zenith movement one.

reason 2 - the premium price before the financial downturn was too high a price for me to pay. if one had purchase a daytona during the first quarter of 08, one may had paid up to 18k. look @ the price of a BNIB now. it is ~15k. black dial.

if u really want to get a zenith movement, ask yourself, how much is it worth in your eyes. everyone one of us puts a different value on it. u have to decide for yourself, do you want to part premium pricing for a watch just for this movement? i wont.

Pls advise what is the market value for black dial daytona with zenith movement....

[ngohan8]

Like any investment, its important to do homework first before committing.
ExpII value I believe has been quite stable, other speculation models, prices are very dependant on market and sendiments.

But i feel the most important is to go for a watch that you like!

[BRABUS]

Agreed that explorer II seems like the best value for money sports model in rolex lineup.

[melfiz]

If that is the first rolex u getting..suggest go for a brand new piece from AD..as the economy downturn,most AD in singapore will give a good discount on all models..6.5 for a 2nd hand for me will not go for that..

[Ballwatch]

Hi Newbie here...

Thinking of investing a Rolex. Has prices come down because of the economic crisis, as more people are parting with their watches?

Which is a good model to buy now?

Saw a GMT Master 2 16710 "U" series, going for $6500 (2nd hand). Was told its discontinued.

Is this a good buy?

U referring to P*ss**n website?

There're 2 pcs available right?

1. U-series Jan'99 Red/Black Bezel $6.5 - the one u mentioned?
2. K-series Feb'02 Black Bezel $6.38 - have u considered?

[Democritus]

Full set or just watch?

[Ballwatch]

Full set or just watch?

Just take a look: http://www.passions.com.sg/v2/brand/rolex

[problmchylde]

Not too sure about investment.But I personally think the explorer 2 16570 is totally under valued.2nd hand prices are very reasonable for a 4 hand watch,IMHO. Its basically a GMT master with a non rotatable bezel.If its production stops, it may go the way of the GMT 16710....look at its price now since the ceramic appeared.

[Rolex_Crow]

Yes. been browsing the M**t*r, and P**s**n website.

The U series comes with box and papers.

You think K series is a better buy?

Thanks all for their replies. Very helpful!