Luxury Watches..........

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Author: [Investments] Topic: Luxury Watches..........
bigkat PM bigkat
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Posted: 8/22/2009 3:43:16 PM
How do u think luxury watches hold value over time as compared to the market. (good stuff like, Rolex, Chopard, Patek Phillipe, Audemars, Piaget, IWC & others)
gamble04 PM gamble04
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Posted: 8/23/2009 2:03:51 AM
I dont think they are smart investments but they are very nice to own.
birdman11 PM birdman11
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Posted: 8/23/2009 7:43:21 PM
ROLEX HOLD VALUE
gamble04 PM gamble04
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Posted: 8/24/2009 12:20:52 AM
whats the price now for a rolex what do they range???
bigkat PM bigkat
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Posted: 8/24/2009 10:35:31 PM
Rolexes range from $6k (for a submariner) to six figures..........
gamble04 PM gamble04
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Posted: 8/25/2009 9:17:21 PM
What do you think is a nicer watch to own a rolex or cartier?
bigkat PM bigkat
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Posted: 8/26/2009 6:47:17 PM
Rolex is nicer 2 me. But for some reason I would prefer a Cartier for a female........... 
gamble04 PM gamble04
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Posted: 8/28/2009 7:59:48 AM
QUOTE Originally Posted by bigkat:

Rolex is nicer 2 me. But for some reason I would prefer a Cartier for a female........... 
Do you know the price difference?  How much are the cartier watches anyways?
bigkat PM bigkat
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Posted: 8/28/2009 9:48:14 PM
They run in the same league. Cartier can go from like 5k-100k also....
rubberneck PM rubberneck
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Posted: 8/28/2009 11:54:30 PM
casio 10 yr battery for $15 great investment
mrmyass PM mrmyass
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Posted: 8/29/2009 3:59:13 AM
Rolex's are so sleazy and cheezy. Buy yourself something with class. My dad had a Rolex but ended up hating it because of the attention it got. Trust me there are alot nicer watches out there.
bigkat PM bigkat
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Posted: 8/30/2009 10:40:52 AM
Mrmyass, All the nicer watchers are listed in my first post.........
gamble04 PM gamble04
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Posted: 8/30/2009 8:42:22 PM
QUOTE Originally Posted by mrmyass:

Rolex's are so sleazy and cheezy. Buy yourself something with class. My dad had a Rolex but ended up hating it because of the attention it got. Trust me there are alot nicer watches out there.
Thats the thing I thing most people probaly dont know what a nice watch is and have never heard of the brands listed in the first post.
mrmyass PM mrmyass
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Posted: 9/1/2009 7:04:39 PM
I dont think the average person knows that Patek Philippe can run up to a million bucks. But then again i dont think the average person know what a Philippe is. It just depends who you surround yourself with.

But why would you want to own a brand just to impress others. It should be about making yourself happy
hoopsfan90 PM hoopsfan90
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Posted: 9/2/2009 2:28:12 AM
i don't think it's a good investment.. people don't need own watches in bad times.. although if it was made of pure gold it might be worth something.. but don't forget you'll lose some money because of the costs of the brand and the production
buckey roger PM buckey roger
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Posted: 11/2/2009 4:21:54 PM
put your money in SILVER  US dollar is dead in 2 yrs
gutcheck PM gutcheck
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Posted: 11/7/2009 1:02:18 PM
Who wears a watch anymore is the real question?  I don't think I have worn a watch for over 10 years at least. But, when I did, I like Tags.
dave9981$ PM dave9981$
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Posted: 11/9/2009 8:25:42 PM
Yeah Patek has been a great investment. They have been a great investment over the last 5 -6 years especially, with the rise of commodities, gold. When gold doubled so did the value of many of their watches.

Rolex is what every idiot with money and no clue buys. They appraise well but always let me know that the person wearing it probably knows garbage about watches &/or has no taste.

The other brands you mentioned I don't care for except IWC. They make a couple I like but I wouldn't own them or any watch other than Patek as an investment.
bigkat PM bigkat
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Posted: 11/11/2009 10:57:53 PM

dave9981,

Personally, when I get my $$ right, I have my eye on this A Lange Sohgne for $90,000 that is on the first page of my latest Robb Report issue. Platinum with ebony alligator strap. YES SIR!!!!!!

However, in order to purchase this in good conscience, I need to win at least 600k  ((LOL))..........

juelesbenedict PM juelesbenedict
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Posted: 11/13/2009 1:10:50 AM
Nothing personal, but the age of austerity is here at the moment.  Just so you know, a watch is for telling time and serves little value otherwise.  If you want an investment, put money in equities or some asset class that you believe is currently undervalued.  If you are making a bet on the appreciation of valuable metals, just invest in those metals, or better yet invest in the companies that mine and produce those metals.  If for some reason you think the economy implodes and stocks will crash, do you really think a fancy watch will keep its value.  If worse case scenario happens, will someone really care what name is on the piece of metal that tells them where the sun is in relation to the earth?  Best case scenario your watch underperforms stocks, worst case scenario your watch is a fancy target for looters... either way I think you can do better.
bigkat PM bigkat
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Posted: 11/13/2009 4:49:16 PM

juelesbenedict,

As long as there are inidividuals who are so wealthy that (THEY ARE NOT AFFECTED BY THE ECONOMY AT LARGE) then there will always be a market for PREMIUM/EXCLUSIVE Valuables. jewelels, artwork, rare bottles of champagne. etc..

rome1 PM rome1
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Posted: 11/13/2009 7:23:30 PM
rolex's don't automaticly hold value. Forget about just walking in a jewlery store, you get garbage. So be careful I was just in vegas and mine is about 15yrs old and they wouldn't give me a third of what it was worth.
Fugettaboutit PM Fugettaboutit
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Posted: 11/13/2009 9:27:29 PM
I still pimp my 88 swatch watch with the optional neon face gaurd.
cuba PM cuba
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Posted: 11/25/2009 12:22:57 PM
Rome1, were you down trying to cover your loses? Good luck next time in vegas. My watch opinion is, get what makes you happy, but keep in mind the cost if you have other bills to pay.
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