I still dont understand the whole "rolex investment" scheme.Aaargh!!
It is January 3rd. Two days ago I joined this group, posted my SOTC and said,
And this afternoon, after 18+ months on "the waiting list" that I became convinced didn't really exist, I got a call from my local Rolex AD. They are holding a new Explorer 36 for me that came in today.
Truly I am beyond conflicted. You can't make this stuff up. Cosmic test of will, anyone?
My left brain (and one of our WPAC brethren who will remain nameless) is telling me it would be silly not to simply pick it up and flip it.
My wife thinks I should just get on with it. "You'll be buying one for less that it will be worth next week? And it's a Rolex? Why is there a question? It's not like you're buying a third Seiko 5..."
And there's a whole bunch of back and forth rationalization going through my head. Pick it up and keep it. (Don't buy it and keep it! A Rolex is theft bait! LOL) Turn a quick buck...?
One in one out? That's OK, right!!? I could sell an Oris to stay at 4. But that's not exactly a fiscal wash.
Mind you, no, I would not be going into hock to buy it, and the mortgage is in fact paid off...
OK - let the bashing (and hopefully some actual usefull feedback) begin.
So...you will invest around 8k Something into piece of steel. That you will sell for more. Ok... Got that part.
On the other hand... There is ton of unsold brand new Rolex... Well... Every where. Open CH24. You will get a flood of all kinds of R... With prices well above retail.
So... You have invested some money into Something that will eventually sell for a bit more... If the bubble does not burst. Any... And I mean any... Finacial adviser if you explained him that you had to wait a year and a half to purchase something that you will have to hold on to for a year or so (do they even hand you the papers at the moment or do they Keep it for a While just so you dont sell it right away? If you do that you will get on Black list, you are aware of it?) that you have no idea it will sell at the time.... Well... It looks like an overblown investment scam to me.
It reminds me of Panerai mania few years ago.
IF you are going to wear it... Ok... No argue. Just wear it. It is great watch. Any rolex is actually a great watch.
But... All these "oh look at my watch... I actually had to wait for a year and a half for it.
No.. Its not Limited. Its regular model one of dozen thousand made each month.
.. Its made of Steel. No... Not meteorite Steel. No... They did not go through 12 tasks to collect 4 ounces of Steel that thay made it from...
No its not handmade... Why are you asking all these questions?"
Srsly. Dude. Its no brainer. Get it. But.. Wear it. Dont be one of the douches that keeps it in safe.
You Know Rolexes have feelings. They are neglected that way.