Congrats, nice classic model
Rolex is the cheapest watch you can buy....
Why ? There is such a demand for Good Conditions Rolexes, you can enjoy it for a few years and AT WORST, resell it for the same price you paid. No other watch can achieve that. I LOVE Brietlings, but the aftermarket demand is way lower, so if you ever want to resell it, you'll have to wait or discount it.
Rolex is not just a watch it's a form of estate you can pass on for generations...
Bought my first (Yachtmaster 2 tones/champagne) many year ago, now it's worth near double what I paid for, still in pristine condition.
Bought my 2nd one from a friend of all here in 2004 (Black SS Submariner), now worth about 1.5 times what I paid for.
Event the nicest Timex you pay let's say 200-300$ in few years will worth next to nothing...
As one said, there is no logic behind that, 'it's jewelry'. Some will pay $$$$ for the latest 5D GagaMouch 1000 inches TV set, I won't.. To each their thing !