991 GT3...Is PORSCHE becoming Ferrari???
10-12-2015, 10:59 PM
#63
Drifting
Not to get off-topic (if we haven't already), but Rolex watches (with the exception of maybe a stainless steel Daytona with the new 4130 movement) do not hold their value better or worse than most other mid-tier marques. In fact, depending on the market you are in (U.S. versus China, for example), an Omega will have higher cachet and hold better resale value vis-a-vis a Rolex.
One thing that Rolex does have going for it in the U.S. is the ease of resale. But that doesn't mean that resale prices are strong, just that it is easy to unload a used Rolex.
One thing that Rolex does have going for it in the U.S. is the ease of resale. But that doesn't mean that resale prices are strong, just that it is easy to unload a used Rolex.
Take an average Omega Seamaster chrono. After 1 year of wearing and depreciation you would be looking at trying to salvage maybe 75% of that purchase price on the secondary market. Conversely a GMT Master II wouldn't lose a penny in the same market on resale. It's also been proven over the years the only 3 watch brands that are truly appreciating assets are Rolex, Cartier and Patek (according to the Specht Sheet watch dealer "blue book" wholesale pricing).
The new 4130 Daytona is nowhere near the most valuable of the Daytona's either...
Sorry for the OT discussion gents. My apologies. I'm over and out...
10-12-2015, 10:59 PM
#64
RL Community Team
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Rennlist Member
10-12-2015, 11:00 PM
#65
RL Community Team
Rennlist Member
Rennlist Member
Absolutely incorrect info if we are talking the US market.
Take an average Omega Seamaster chrono. After 1 year of wearing and depreciation you would be looking at trying to salvage maybe 75% of that purchase price on the secondary market. Conversely a GMT Master II wouldn't lose a penny in the same market on resale. It's also been proven over the years the only 3 watch brands that are truly appreciating assets are Rolex, Cartier and Patek (according to the Specht Sheet watch dealer "blue book" wholesale pricing).
The new 4130 Daytona is nowhere near the most valuable of the Daytona's either...
Sorry for the OT discussion. I'm over and out..
Take an average Omega Seamaster chrono. After 1 year of wearing and depreciation you would be looking at trying to salvage maybe 75% of that purchase price on the secondary market. Conversely a GMT Master II wouldn't lose a penny in the same market on resale. It's also been proven over the years the only 3 watch brands that are truly appreciating assets are Rolex, Cartier and Patek (according to the Specht Sheet watch dealer "blue book" wholesale pricing).
The new 4130 Daytona is nowhere near the most valuable of the Daytona's either...
Sorry for the OT discussion. I'm over and out..
Discounts on Rolex are generally steeper than for, say, an Omega. In the U.S.
10-13-2015, 02:35 AM
#66
I disagree 100% in regards to the WRONG type of clients buy cars at over sticker. Then how about the wrong type of Rolex buyer. How about the wrong type of home buyer. There are MANY Porsche LOYALIST that buy Motorsport cars for over sticker because they can and don't want to wait. Or don't want to take a chance at Porsche not building more of a specific model. And penalize the dealers for a capitalist mindset? Hmmmm. Penalize all supermarkets, movie theaters, gas stations, etc. also, as they make a huge profit on products resold. The nice thing about being a consumer is you don't have to buy it if you don't want to. Look we are blessed to be able to own and drive a wonderful marque like Porsche. Anyway I am sure this will get turned into the usual fun thread of bashing. But I hope not as we all come here to relax and have imaginary friends. Have a blessed day.
10-13-2015, 03:12 AM
#67
GT3 player par excellence
Lifetime Rennlist
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Lifetime Rennlist
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where there's passion lol
anyways Rolex increase of 12-% or x%, deep,da on what u use as base
I cease relative to next years new MSRP, or ur original so MSRP or orig our chase price. despite the increase, if u sold it, can u buy its sides sod?
also proce is affected by what the successor is
sea dweller increased when the deep sea was introduced
some ordered the complex zenith in Daytona vs, the technically better 4130
furthermore, if u wore Rolex like a real sports watch (assuming u all actually do sport) the vp and stretch. it's a big no no amd price drops signs angry as they cannot be fixed but July replaced.
I like them bc they are really bullet proof. I habe fell off my MF bike many many times, broke collar bone, knee, ankle cracked my helmet wrist and Mac
she'd the arch face down on rocks it keeps on going.
it's an applicants.
I do t service if I don't clean it
it doesn't break.
my panties in he other hand.....
ot my BP 5002, 5004
they are fragile
anyways Rolex increase of 12-% or x%, deep,da on what u use as base
I cease relative to next years new MSRP, or ur original so MSRP or orig our chase price. despite the increase, if u sold it, can u buy its sides sod?
also proce is affected by what the successor is
sea dweller increased when the deep sea was introduced
some ordered the complex zenith in Daytona vs, the technically better 4130
furthermore, if u wore Rolex like a real sports watch (assuming u all actually do sport) the vp and stretch. it's a big no no amd price drops signs angry as they cannot be fixed but July replaced.
I like them bc they are really bullet proof. I habe fell off my MF bike many many times, broke collar bone, knee, ankle cracked my helmet wrist and Mac
she'd the arch face down on rocks it keeps on going.
it's an applicants.
I do t service if I don't clean it
it doesn't break.
my panties in he other hand.....
ot my BP 5002, 5004
they are fragile
10-13-2015, 03:42 AM
#68
Three Wheelin'
I wouldn't say Omega is more desired or holds its value better, it has more market share based on availability and price point. Rolex still holds its value better in China, Taiwan and Singapore. I was in Taiwan not too long ago and didn't see a GMT II BLNR in any store because they couldn't keep it in stock and absolutely no discount. Conversely, I walked into an Omega store and they were willing to give me a good discount on a number of watches. PP and Rolex watches are the only watches that consistently go up in value.
10-13-2015, 01:05 PM
#69
Drifting
I wouldn't say Omega is more desired or holds its value better, it has more market share based on availability and price point. Rolex still holds its value better in China, Taiwan and Singapore. I was in Taiwan not too long ago and didn't see a GMT II BLNR in any store because they couldn't keep it in stock and absolutely no discount. Conversely, I walked into an Omega store and they were willing to give me a good discount on a number of watches. PP and Rolex watches are the only watches that consistently go up in value.
10-13-2015, 02:32 PM
#72
Watches are interesting---I like them too, but the post is about Porsche---lol
I enjoyed the spirited watch discussion but can we get back to the topic at hand---Porsche limiting supplies and creating a new type of Porsche Owner
10-13-2015, 03:20 PM
#73
10-13-2015, 03:30 PM
#74
There are a lot of people who "suddenly" got rich because of rising of capitalism and opportunities in China. Rolex is the first watch they likely buy. How much do they know about the movement or complications of the watch is a debate to have.
10-13-2015, 03:42 PM
#75
oh, for example, because of the "image" created by the marketing, Rolex has strictly forbidden any AD to give any discount in Hong Kong whereas other watches like PP which most would agree are much more prestigious and valuable are actually allowing AD to give 10% discount. The amount of discount, to the not knowing, create a false sense of inverse proportionality, i.e. the better the watch is, less discount will be given. Another marketing technique by Rolex. Mass appeal rather than each individual quality of the watch.
Isn't it interesting?
Isn't it interesting?