For you watch lovers....

[Frank Patrick]

When shopping recently for a watch I visited a store that sold Rolex, and several other high price brands (Tag etc). I commented to the sales person how the other, non-rolex watches appeared to be a better deal. He replied, less money, yes, but think of the deal this way-when you buy a Rolex, it's like buying real estate- value goes up, can not be said of any other watch in the store.

[Dr. Kill]

Originally Posted by Frank Patrick

When shopping recently for a watch I visited a store that sold Rolex, and several other high price brands (Tag etc). I commented to the sales person how the other, non-rolex watches appeared to be a better deal. He replied, less money, yes, but think of the deal this way-when you buy a Rolex, it's like buying real estate- value goes up, can not be said of any other watch in the store.

Is that useful though? I worked at Zales when I was in college. One of the things they told us to push was that diamonds are an investment. I never thought this was good logic. Yeah, maybe the thing goes up in value, but is someone really going to hock their engagement ring because it appreciated by some large percentage? I am hoping to sell my house one day for a lot more than I paid for it, but if I bought a Rolex, I am not sure I would ever want to part with it. Might be different for those of you who are collectors though...

[Perfectlap]

Rolex appreciate? Hmmm I'm not so sure if that's MOSTLY true. Some, like any other collectible are sought after if they are well cared for.
If a daily worn watch actually holds all of its value and possibly goes up in a value... then I think I may need to buy one afterall.
Let's see if that $5,000 is still under the sofa cushions.

[yellowbox]

Value of Rolex's go up because there are many who still think Rolex is a status symbol and are willing to pay for used ones. You'll be lucky to recoup your investment on majority of watches you buy. The "loss" when u sell is the $ you pay to "enjoy" the watch!

I have a feeling you visited Ben Bridge because they carry Rolex, Tag and Omegas. Visit Toureau, specially the one in Vegas, you'll find some "real" nice watches there, not just Tags

oh one exception to the rule regarding watches as investment, the Panerai pheonenom is quite interesting. I can sell my Pam for a small profit now because Panerai increases its price quite often and the supply is low. Used Panerai in nice conditions usually sells for 85% or more of retail.

Originally Posted by Frank Patrick

When shopping recently for a watch I visited a store that sold Rolex, and several other high price brands (Tag etc). I commented to the sales person how the other, non-rolex watches appeared to be a better deal. He replied, less money, yes, but think of the deal this way-when you buy a Rolex, it's like buying real estate- value goes up, can not be said of any other watch in the store.