Buying Rolex Is A Better Investment

[Lexus118]

Have bought some Rolex sports model earlier, namely Submariner, Gmt2 and Sea Dweller. Some bought over from friends some bought new..
After keeping them for 2 years I sold them off and make around 1k each, so total 3k profit cause of the Rolex price increase annually..Now I buy Rolex watches for investment(also can wear them) rather then putting my money in Bank which give low interest rate..

 

[kiko]

Yeah i agreed with u bro, good watch can be sold to make a profit out of it ... Good idea bro !

 

[fenwick]

You are right bro at the current FD interest rate . Buy rolex is for sure a wiser choice. But i think only 2nd rolex than you can make profit out of it

 

[mentos1]

Rolex is a good choice in singapore. But if you go to other countries, then rolex will not be as good a choice. There are too many other brands which will command a better return than Rolex in other countries. Just so happen that the demand for Rolex is high in Singapore.

 

[Lexus118]

Agree with the brudders here, other high End Brands are really sought after in the other country but slow when selling them locally..
Rolex easily sold off very fast.. haha

 

[fenwick]

Rolex is a good choice in singapore. But if you go to other countries, then rolex will not be as good a choice. There are too many other brands which will command a better return than Rolex in other countries. Just so happen that the demand for Rolex is high in Singapore.

Totally agree bro cos Rolex is still more recognise in singapore. You,ll always get a good price for Rolex , be it at pawn shop, 2nd watch shop or even the Australian own Cash Converter ! Try bring along a Frank Muller or Patek , i think you'll feel like slapping them when they quote you the price

 

[KuaTioGui]

does anybody know how many years to bring the rolex watch for servicing and how much is each servicing?

 

[TD.king]

does anybody know how many years to bring the rolex watch for servicing and how much is each servicing?

last time is 100 and later increase to 150 i think. but nowadays i never bring to rolex center 4 servicing and i normally do it at my regular 2nd hand watch shop, cheaper. they clean all the parts inside and also polish for me. they charge from $50 to $100 depend on the model and sizes( ladies , boy or men diffrent price). i do it once every year.

 

[Haoshuang]

yup. Rolex got money value but the rest of watch do not

 

[chinchai]

Have bought some Rolex sports model earlier, namely Submariner, Gmt2 and Sea Dweller. Some bought over from friends some bought new..
After keeping them for 2 years I sold them off and make around 1k each, so total 3k profit cause of the Rolex price increase annually..Now I buy Rolex watches for investment(also can wear them) rather then putting my money in Bank which give low interest rate..

Can't see why I should buy second hand watch so if I won't want a second hand Rolex, I don't see anyone would want a second hand Rolex. Not unless it is the only model around, which is unlikely. There are plentiful of early Submariner, Gmt2 and Sea Dweller models around.

So good investment... I don't know, maybe not

The old Japanese Banana money after 50 years still don't fetch a fortune .

 

[The RealTuaKee]

does anybody know how many years to bring the rolex watch for servicing and how much is each servicing?

Want peace of mind, bring it to Rolex Center. It will be more costly of course.

Brought my gold Daytona for servicing. Took a month n cost me $600+ But what a good job done.

Can u ensure your original parts are not switched to fake ones when u send it to these mom-pop shops?

 

[Temujin]

Agree, if you got money to buy Rolex, should still bring to Thong Sia the distributor ..... whats a bit more money to have a peace of mind ...

 

[pweesng]

recently bought a GMT to RSC.

Usual servicing, includes re-oiling of the damper, changing the crown (if yours is in perfect condition, no need), polishing and tightening of the chain.

$400. The crown is $80 bucks.

 

[coco the gorilla]

i went past a used rolex shop at the ground floor of peninsula. they seem original... they have certs and all. And they are selling the watches definitely lower than the original prices. How is that possible?

 

[Lexus118]

i went past a used rolex shop at the ground floor of peninsula. they seem original... they have certs and all. And they are selling the watches definitely lower than the original prices. How is that possible?

One of the shop there is a Authorise Dealer (AD), the others are selling pre-own watches..

 

[starless]

i went past a used rolex shop at the ground floor of peninsula. they seem original... they have certs and all. And they are selling the watches definitely lower than the original prices. How is that possible?

Errr, if it is used, of course it is below original price :p
You mean you expect a used rolex price to be higher than a new one

 

[babachai]

Did for my friend Submariner, servicing alone is $580 but they give a nive Rolex pouch after that. LOL

 

[Leongsam]

Did for my friend Submariner, servicing alone is $580 but they give a nive Rolex pouch after that. LOL

Servicing $80. Nice pouch - $500.

 

[coco the gorilla]

Errr, if it is used, of course it is below original price :p
You mean you expect a used rolex price to be higher than a new one

then how can it be considered an investment?

 

[silverfox@]

then how can it be considered an investment?

Buy Rolex must buy those really limited editions or those which are not in high circulation in market.

Not really good in this, but my friend is. Also judging on the diamonds in it.