this post was submitted on 28 Oct 2023
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Watches

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Hello all! So I have 10k that I want to spend/invest in watches. I was thinking to either get a datejust or 2 watches worth 5k. My preferences are tag and breitling. Which one would be a wiser decision for both investment and personal use? I'd like to sell/trade in 6 months for around the same price and get try new.

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[–] WithAFrickingPencil@alien.top 1 points 1 year ago

Invest in the stock market, homie.

A Rolex at MSRP might appreciate (but not likely the way prices are going) and nothing else in that price range will… Probably ever.

[–] Tae-gun@alien.top 1 points 1 year ago

Investing in watches is a bad idea, because watches change in value like cars, i.e. they start depreciating dramatically the moment they leave the authorized dealer.

I really don't understand where people get the idea to invest in watches - just looking at secondhand/grey market prices should be indication enough that resale value for nearly all watches is substantially less than original price.