I ended up with my fathers' Rolex submariner in stainless when he died. Had the original box and receipt from 1973 when he bought it for $300. I look into fixing it, $500-$800 estimate. It didn't have any sentimental value so I listed it on Ebay. Half way through the auction the bidding was at $1800 and then the stem popped out of the watch when someone wanted to see the face with the hands moved. I posted the problem to let bidders know the score and even then, the final bid hit $2600 from a guy in Japan that had to have it, broken or not. So yeah, they can be a good investment. Getting 8x original price in the future, on a present day Rolex, is debatable however.
“Some ideas are so stupid that only intellectuals believe them.” ― G. Orwell
"Why can't men kill big game with the same cartridges women and kids use?" _Eileen Clarke
"Unjust authority confers no obligation of obedience." - Alexander Hamilton
Bought a President Day-Date in Viet Nam for $800. Had it appraised last year by insurance company for $27,500. The question is...what would be the value of that $800 if I had put it in a 500 Fund and left it there? So I'm not sure it was a great investment value.
I would like to one day own a Rolex...Just because.
I wear a watch 24/7. The current one came from Walmart....15.99. Have it for 4 years. Working as a carpenter, I usually kill them quick. This one is good.
When the band breaks or the battery dies, I will get me another 15 dollar watch. It only has to tell time....and be accurate.
But a Rolex...I want one...Just to look at. I could tell people that I have a Rolex. If they don't believe me, I could show them and then put it back in the safe.
Then again, it would be like a gun you don't shoot out of the fear of lowering its value....In other words...Absolutely Useless.
Nah, for me, a Rolex would be useless. 15 dollar watches work good enough.
My dad got this for me the day I got my Wings in Pensacola , November of 1981. Been on my wrist ever since, save for a trip to Rolex every five years of so for a rehab:
A good principle to guide me through life: “This is all I have come to expect, standard lackluster performance. Trust nothing, believe no one and realize it will only get worse…”
I owned and operated a Licensed Rolex Agency in our store for many years. Rolex is a superb watch.
Karen has worn a Rolex Lady President for the last twenty-five years or so.
I wore Gents Presidents and Steel and Gold Rolexes for several years and finally settled on one I cobbled together. It's a stainless steel 16200 ... I replaced the dial and hands with those of a Submariner.
Hard to believe the stainless watch is now in excess of $7000. Still, it's a heck of a fine timepiece.
My "mongrel" watch is light, just the right size and I love the visible dial and hands. I'll post it below.
God Bless,
Steve
"God Loves Each Of Us As If There Were Only One Of Us" Saint Augustine of Hippo - AD 397
I have the same theory on Rolex watches as I have with most other things.
If you want it, buy it.
Agreed. Personal finances are just that, so if you've got the coin and a Rolex makes you happier than buying other stuff.........go for it.
I've got a few digital watches that keep perfect time, four quartz analogs that are very close, and one Seiko automatic that scratches most of the itch I've ever felt for a Rolex/Omega/et al.
I've also got a cell phone that I use for everything except checking the time or seeing my way in the dark...........that's what watches and flashlights are for.
I'm one of the least fashionable guys on this board, and have NO desire to flash any jewelry. I'd probably only wear a Rolex under a shirt sleeve if I owned one. But my nerdy mechanical brain loves the idea of the engineering perfection rolled into an automatic watch. A Seiko + lots of other toys weighs greater than a Rolex for my life/values. But I don't judge anyone who spends differently because it's not my money or business.
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. --Winston Churchill
My "mongrel" watch is light, just the right size and I love the visible dial and hands. I'll post it below.
God Bless,
Steve
Nicely assembled watch Steve. It loosely follows the field watch format, which is both classic and practical.
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. --Winston Churchill
This one has been with me for quite awhile. It's been on more than one combat tour, over 100 parachute jumps and 24 years on my wrist as an LAPD street cop. It's my most prized possession. I wear it 24/7. Bob