Quote:
Originally Posted by TheWatchGuy
the only watches to buy as "investment" pieces are either limited edition rolexes, which you will spend a pretty penny on unless you have a great relationship with a rolex AD, or a steel sports model rolex (sub, GMT, Daytona), which you will spend a pretty penny on unless you have a great relationship with a rolex AD.
And with all of this, there is no way to know what the rolex market will be like in a couple years from now. 3-4 years ago, the rolex market was flooded and you could buy damn near any rolex you wanted for close to or under msrp. Now, the market is still flooded, but watches are "limited" from the ADs so they sell for over MSRP in the secondary market. Now, if Rolex goes back to its old distribution model, or something close to it, you will see the secondary market drop back down and all those people who bought at the premium prices will lose money.
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Indeed. I wonder how many speculators lost their shirts on trying to flip Panerai watches back in the late 2000s when the secondary market cooled off?