Not worth buying in gen

[Variatio Delectat]

Rolex is the brand that is a easy to sell b.) keeps the value. In 2 years time it´s worth what You paid for it, later on You´ll get a lot more than nowadays for a banc deposit of that amount.

Well... not quite. We had that point already though: https://forum.replica-watch.info/vb...-gen/page13?p=3001751&viewfull=1#post-3001751

 

[simonjay]

Well... not quite. We had that point already though: https://forum.replica-watch.info/vb...-gen/page13?p=3001751&viewfull=1#post-3001751

And Imho in any case is better to bring the family to a couple of nice holidays for the difference.. ;-)

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[britain4]

sigh....not making me feel any better

I love the green on my hulk, color isn't the problem. The extra 8k is the problem for gen vs rep...

I haven't held the v7 in my hands. I'm sure it's great. Oh well, like you say, what's done is done. This will be in my family for generations hopefully.

some pics of my gen. I have to tell having had both the rep dssd and this gen sub in my hands. There was a marked upgrade in precision and craftsmanship between the rep and this. I gave my watch-ignorant fiance the two and she could tell right away. Right down to the bracelet links. From over 3 ft away you are fooling everyone. From in-hand..no comparison.

These pics were taken when first bought. I would have you notice if you haven't already: the rehaut crown engraving being about 1/4 mm off kilter from the 12 oclock. I noticed this after buying, and brought it back. The AD was able to adjust the dial position to make it all aligned. It's all perfect now, even the crown logo when screwed in lines up exactly.

That's stunning, as good as the rep is (I have one) it'll never compare to that. Even if they are so close visually just the feel alone of my V7 makes me wish I could afford a gen right now!

 

[nicosuave4201]

I get an icky feeling when wearing a rep though, I hate it

 

[nicosuave4201]

damn I was literally just now about to pull the trigger on an omega 300 seamaster black dial V6F + an AP JF diver w/miyota 9015 + a steel AP JF bracelet to go on the diver...would have been under a grand w/EMS shipping and all. but I can't do it, because they are friggin reps! Arrg!!

I'm gonna save my pennys and buy a gen omega 300 seamaster black dial I think. Jomashop has them for right around 4k...

AP's will always be out of my reach. No one would believe it was real anyway lol, even if they did know what AP was

 

[timnic54]

Buy gens by all means but save your money for gens which will not be repped . I still buy Gens , but not a sub or a Pam 111 or an IWC with a 7750 etc All these simple SS watches with minimal complications are just that. Steel is Steel and a simple watch movement is just that , a simple watch movement. No magic formula.

 

[d4m.test]

Well... not quite. We had that point already though: https://forum.replica-watch.info/vb...-gen/page13?p=3001751&viewfull=1#post-3001751

Thanks for the link, missed that whole middle section of the debate until now.
On the pricing: buying new and expecting returns after 1 year is just too short, it´s a buy and hold approach in times of 1/2 percent banc interest rates per annum. The EU does not have a culture of buying stocks, unlike the US, and most of the interesting funds (i.e. Vanguard) are simply forbidden.

EU-catalogue-prices for 2002 (official AD prices including VAT) read like a fairy-tale:
16234 EUR 3.720,-
16610 EUR 3.720,-
16710 EUR 3.720,-
116520 EUR 5.745,-

On a note, it´s brand-specific, my 2002 Seamaster lost 1/3 of it´s value when I walked out the door and 2/3 as per last Year, now recovered a bit to 1/2 of the original price, it sure wasn´t an investment.

 

[2fake4u]

damn I was literally just now about to pull the trigger on an omega 300 seamaster black dial V6F + an AP JF diver w/miyota 9015 + a steel AP JF bracelet to go on the diver...would have been under a grand w/EMS shipping and all. but I can't do it, because they are friggin reps! Arrg!!

I'm gonna save my pennys and buy a gen omega 300 seamaster black dial I think. Jomashop has them for right around 4k...

AP's will always be out of my reach. No one would believe it was real anyway lol, even if they did know what AP was

You can buy serviced used gen Omega 300s for $1k-1500 on the several watch forums. No sense going to Jomashop unless you really want new.

 

[john_donut]

Thanks for the link, missed that whole middle section of the debate until now.
On the pricing: buying new and expecting returns after 1 year is just too short, it´s a buy and hold approach in times of 1/2 percent banc interest rates per annum. The EU does not have a culture of buying stocks, unlike the US, and most of the interesting funds (i.e. Vanguard) are simply forbidden.

EU-catalogue-prices for 2002 (official AD prices including VAT) read like a fairy-tale:
16234 EUR 3.720,-
16610 EUR 3.720,-
16710 EUR 3.720,-
116520 EUR 5.745,-

On a note, it´s brand-specific, my 2002 Seamaster lost 1/3 of it´s value when I walked out the door and 2/3 as per last Year, now recovered a bit to 1/2 of the original price, it sure wasn´t an investment.

True, it is brand specific, and even for that brand I doubt that it will hold true for a modern day buyer. If you add servicing fees and inflation correct the buying price (and suppose that interest rates may not stay at the current low for the next 20 years), I am not sure that on average you will be better off buying a GEN Rolex now in stead of buying a Rep (and putting in new movements or servicing them). Buying watches for investment purposes seems rather risky, otherwise we would be seeing them on the balance sheets of banks and insurers as we speak...If you buy the GEN to treat yourself, to establish an heirloom etc. that's a different story

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[2fake4u]

True, it is brand specific, and even for that brand I doubt that it will hold true for a modern day buyer. If you add servicing fees and inflation correct the buying price (and suppose that interest rates may not stay at the current low for the next 20 years), I am not sure that on average you will be better off buying a GEN Rolex now in stead of buying a Rep (and putting in new movements or servicing them). Buying watches for investment purposes seems rather risky, otherwise we would be seeing them on the balance sheets of banks and insurers as we speak...If you buy the GEN to treat yourself, to establish an heirloom etc. that's a different story

Sent from the RWI mobile app

It's more the possibility in value increase in a gen vs a rep. A gen has the chance that it will become much more valuable than what you paid for it, while a rep isnt going to gain in value. As gens become discontinued, styles change, movements get better/worse, etc. the prices of used gens goes up and down. Where a Rep, if one factory discontinues a good rep, another factory will make it. At the end of the day, it may be a good watch, but it is no more valuable than a blank watch imo.

For example, I bought a used submariner about 6-7 years ago for ~$2k as the markets were still down. I just recently sold said watch for a little over $5k (freshly serviced for $500 from a local jeweler which Im sure helped the sale). Even accounting for inflation, I made a pretty good return on investment. There is no way you will make a return on a rep unless you find someone who just doesnt know what they are doing. But even then, you could sell a gen to someone who has too much money with no knowledge for an inflated price too.

 

[timnic54]

It's more the possibility in value increase in a gen vs a rep. A gen has the chance that it will become much more valuable than what you paid for it, while a rep isnt going to gain in value. As gens become discontinued, styles change, movements get better/worse, etc. the prices of used gens goes up and down. Where a Rep, if one factory discontinues a good rep, another factory will make it. At the end of the day, it may be a good watch, but it is no more valuable than a blank watch imo.

For example, I bought a used submariner about 6-7 years ago for ~$2k as the markets were still down. I just recently sold said watch for a little over $5k (freshly serviced for $500 from a local jeweler which Im sure helped the sale). Even accounting for inflation, I made a pretty good return on investment. There is no way you will make a return on a rep unless you find someone who just doesnt know what they are doing. But even then, you could sell a gen to someone who has too much money with no knowledge for an inflated price too.

You did extraordinarily well to buy a used sub in 2010 for $2000 They were around $6000 new at the time.

Did the seller still have his mask on? Or did he just not know what he was doing?

 

[2fake4u]

You did extraordinarily well to buy a used sub in 2010 for $2000 They were around $6000 new at the time.

Did the seller still have his mask on? Or did he just not know what he was doing?

It was a buddy that needed the money. Offered to sell it back to him at what I paid him after he recovered, but he wanted to use it as a life lesson

 

[timnic54]

It was a buddy that needed the money. Offered to sell it back to him at what I paid him after he recovered, but he wanted to use it as a life lesson

So the example you are using to illustrate your point is invalid. Just saying

 

[2fake4u]

So the example you are using to illustrate your point is invalid. Just saying

You could still find plenty of subs in that 2k-3k range used at that time. Still applicable

And it still holds true that a rep isn't going to go up in value.

Another example is a Tag Carrera i bought last year for $3000 and recently sold for $3000. Or a used Omega Seamaster i bought for $1200 ised and ended up getting $1400 for it a few months later. How many reps hold their value after being used?

 

[mauricio612]

Talking about investment when buying a watch nowadays is nonsense.

There is a big difference between holding value and going up in value.

Rolex is an exception and only some models became profitable because they were more rare.

Is the 16610 ever going to become rare?

I have been reading about vintage watches. Who could tell at the time which models would become wanted or which would have no interest to anyone?

Yes some watches age well but if you feel good about getting 5000$ in 8 years for the 5000$ you spent today, then you might as well leave all you cash in your current bank account and turn down all incoming calls from your bank advisor who wants to offer you investment opportunities.

When I bought my gen I knew that from the first time I would put it on my wrist I had to be fine with losing 50% of the sale price if I ever needed to get rid of it.

I think reps are more likely to be called invesments.

Let's say some day the rep industry gets shut down big time in China, customs checks are enforced everywhere to the extent that it becomes almost impossible to import a rep etc

What would the price of a submariner V7 be then?

Rwi would remove the non profit selling rule and a lot of people would spend 600 for a sub, rightfully so because they would be rare and hard to get.

You would make at least a 100% profit.

Envoyé de mon K4000 en utilisant Tapatalk

 

[reckoner777]

Unless you're in the US, it's really not easy to profit or even on a sub, let alone other stuff. I have flipped many Rollies back in the day, really hard to get a decent return to go for another model. In US P2P is more common, unlike EU or Canada where you're literally dependent upon the dealers. And dealers try all sorts of tricks to suck all the blood out of you.

One thing to keep in mind is when you invest, say, 10K on a watch, its opportunity cost might be higher than you expect down the road. At the end of the day watches have literally no or close to very little impact on your day-to-day life and most of the time its opportunity cost isn't even close to your pleasure. I personally realized I wasn't wealthy enough to risk such amounts on a watch. I still own several Gens, but Reps are more satisfying to me, since I know I haven't allocated a bunch of cash for the sake of the pleasure of wearing your holy grail.

 

[reckoner777]

You could still find plenty of subs in that 2k-3k range used at that time. Still applicable
And it still holds true that a rep isn't going to go up in value.

A 2010 Sub for 2-3k? Am I getting it right?

 

[2fake4u]

A 2010 Sub for 2-3k? Am I getting it right?

Used. Yes

 

[2fake4u]

I just don't see people paying over what they can be had for new for a used rep. Gens have a much higher chance of going up in value, or at the very least, holding value. Im not talking about investing to make lots of money in watches, because unless something drastically happens with the watch industry, thats not happening. But buying a used gen, or even a new on sale gen, can, in most cases, be sold for what you paid years down the road if you dont beat it up. 5 years from now, ive got a lot better chance of selling my gen omega po for the price i paid than i do for the rep po.

If anything, the rep industry keeps getting better and better and these current reps are going to obsolete. Technology is getting to the point that you can see exact copies with no differences in the near future.

I'll still buy reps since styles and preferences change and tying up a lot of funds while i switch watches every few months is not practical, but I'm not expecting to recoup much, if any, of the costs ive spent on them.

 

[reckoner777]

Used. Yes

I'm willing to pay you 20% of what I'll pay for my next purchase if you care to teach me how.