Quote:
Originally Posted by Socks
I was in a Fossil store some time ago and saw they had dozens if not hundreds of watches that are designed just as nicely as any of the high end expensive watches, but for a few hundreds bucks instead of a few thousand.
Curious what the reasons are to spend more. Is it just status to have the name?
If you could buy an unbranded Rolex, would it have the same value to you? Would you consider buying one unbranded?
I understand to get a high end car there's many advantages.. Performance, style, status, comfort, quality, features, etc etc.
For watches, I can only see quality and status...
Not hating either way, I can't see the value for myself, but watches can be beautiful and I understand wanting to have a nice one. I just feel like the $300 watches look and function really similarly to something that costs way more.
Sort of like how Pandora sells "jewelry" that likely won't hold any residual value down the road.. It's not made of anything of value. Are watches the men's version of that in a way? Not suggesting high end watches don't hold value, but I think a lot of the ones in the $2k and less range won't be worth much down the road
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its the mechanism which brings the value. A rolex, patek philippe type of watch will work forever. Most are made out of gold or platinum which have an actual value. Any Rolex you baught for 2k 10 years ago you can sell for about 3-4k today. Bust most of the time you are right. They will stay about even. That is mostly because they are Stainless Steel and not Gold. Gold watches will go up and down based on the value of gold. Gold has gone through the roof in the last 10 years. Although its down for this year. Its still a lot higher then it used to be. Also there are a lot of collectors for watches. There are limited editions etc etc. There is always a value if you buy a Rolex. Not many other watches for 2k-4k will hold the value like a Rolex will. There is also not a large discount margin on buying these watches. Where most breitlings you can get for 45-60% off retail price. If you get 25% off on a Brand new Rolex you are stealing it.