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Jordanfaf · 12 January 2020, 09:16 PM

Hi all. New on here and looking to buy my first own Rolex. I’ve been borrowing from the old mans collection previously. Mainly his Batman GmT2

I’m at a bit of a cross roads with what to get for myself, I am on the wait list for a Green Submariner Hulk, expected to get my allocation in 2021. My alternative decision is to go used and get a 116622 Yacht master, these seem to be pretty good value, one of the few models that haven’t shot up in value.

Would I be naive to buy the Yachmaster with the hopes of selling it on in a year or so and retaining what I had invested? Used examples are ranging from 5-9k for a 35/40mm.

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LawMan · 12 January 2020, 09:59 PM

don't buy based on perceived value. If you like the watch then buy it. Resale down the road is tricky , you must be prepared to take a loss, which is your cost of ownership. If you want to minimize your downside buy a more popular model , like the Sub

CasinoRoyale_007 · 12 January 2020, 10:01 PM

I think the only correct approach is to buy what you like. Watches are not investments.

Sandpit · 12 January 2020, 10:05 PM

If I buy a watch I treat that money as if it’s gone. Buy what really sings to you.

Little machines · 12 January 2020, 10:10 PM

Agreed ! Enjoy the watch you wear!

2001jesper · 12 January 2020, 10:12 PM

With the YM you are buying a watch that you don't want, because it available (cheap) and you intend to flip it as soon as you have picked up our Hulk - Cant see the rational.

Why don't you instead buy a pre-loved Hulk grey? Flip it once you get the call from your AD and hopefully you will come out even. Will give you the same financial exposure as for the YM, but at least you will be wearing what you really want

1William · 12 January 2020, 10:27 PM

I would look at a more popular model like the Explorer or the Explorer II to park some funds. The YM does not get a lot of love, on TRF or anywhere else for that matter, but the owners that have the watch seem to really like it. I am not sure of the market but there are always a few around. You might look at an Omega Speed Master on the bracelet as they are heavily discounted and can be traded or sold for most of what you have in them. Good luck and let us know what you decide.

mountainjogger · 12 January 2020, 11:32 PM

Er, why would you plunk down that much money on a watch you were planning to sell in a year?

My opinion is that unless you are a trusted seller, you will loose money.

Token74 · 12 January 2020, 11:34 PM

Quote:

Originally Posted by CasinoRoyale_007

I think the only correct approach is to buy what you like. Watches are not investments.

He’s not suggesting buying it as an investment.

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Token74 · 12 January 2020, 11:37 PM

Don’t see a problem with this approach. Most of us have bought watches that we have sold along the way. It’s true that most don’t buy with the intention of selling in a years time, but not sure that time is relevant.

I would suggest buying from a trusted seller which means when it comes to selling, you won’t get all your money back (as you are not a trusted seller so can’t add the TS premium). So the question is, how much are you prepared to pay to wear a watch for a year?

Let’s say you lose £1k - £1.5k. Is that worth it? If yes, go for it. If no, keep wearing your dads for a year.

Most people do this with cars and think nothing of it.

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Jordanfaf · 15 January 2020, 09:17 PM

Thanks all for the replies. Has anyone used Watchfinder uk. No dealers here in Ireland are holding a platinum YM I had a chance to try on a customer watch in for service and must say I really do like them.

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BroncoOne · 15 January 2020, 10:00 PM

If you are OK with losing money when you flip the YM, then OK. Everyone has a different situation and view.

Personally, if I didn't want to wait I'd get the best price in the Hulk available today from a trusted seller and have the watch tomorrow. Try to guesstimate the loss on the YM when you flip it and if the premium for the Hulk is close or less, get the Hulk today and forget about the YM. Then you can be wearing your desired watch the whole time.

If the AD gets you the Hulk for MSRP next year, you can very easily sell the grey market hulk later and likely take less of a loss, if any. That said, selling a watch as a one off is harder than if you are an established trusted seller.

The best financial advice is what another plaster said: keep wearing your Dad's watches until yours comes in.

12 January 2020, 09:16 PM	#1
Jordanfaf "TRF" Member Join Date: Jan 2020 Location: Ireland Posts: 3	First time buyer Hi all. New on here and looking to buy my first own Rolex. I’ve been borrowing from the old mans collection previously. Mainly his Batman GmT2 I’m at a bit of a cross roads with what to get for myself, I am on the wait list for a Green Submariner Hulk, expected to get my allocation in 2021. My alternative decision is to go used and get a 116622 Yacht master, these seem to be pretty good value, one of the few models that haven’t shot up in value. Would I be naive to buy the Yachmaster with the hopes of selling it on in a year or so and retaining what I had invested? Used examples are ranging from 5-9k for a 35/40mm. Sent from my iPhone using Tapatalk

12 January 2020, 11:32 PM	#8
mountainjogger 2024 Pledge Member Join Date: Aug 2010 Real Name: H Location: North Carolina Watch: M99230B-0008 Posts: 5,672	Er, why would you plunk down that much money on a watch you were planning to sell in a year? My opinion is that unless you are a trusted seller, you will loose money. __________________ The King of Cool.

12 January 2020, 11:37 PM	#10
Token74 "TRF" Member Join Date: Dec 2012 Real Name: Vince Location: England Watch: Too many! Posts: 5,707	Don’t see a problem with this approach. Most of us have bought watches that we have sold along the way. It’s true that most don’t buy with the intention of selling in a years time, but not sure that time is relevant. I would suggest buying from a trusted seller which means when it comes to selling, you won’t get all your money back (as you are not a trusted seller so can’t add the TS premium). So the question is, how much are you prepared to pay to wear a watch for a year? Let’s say you lose £1k - £1.5k. Is that worth it? If yes, go for it. If no, keep wearing your dads for a year. Most people do this with cars and think nothing of it. Sent from my iPhone using Tapatalk __________________ Time is limited, make every second count. Patek Philippe Nautilus 5990 - AP Royal Oak 15300 - AP Royal Oak 15450 Blue - AP Royal Oak 15450 Silver - AP Royal Oak Offshore 26480 - Royal Oak Offshore 15710 - Rolex Sea Dweller 116600 - Rolex Daytona 116519 - Rolex GMT 126710 BLRO - Omega Speedmaster Reduced - JLC Reverso GMT Moonphase - TAG Microtimer - Dent Pocket Watch - JLC Atmos Phases de lune

12 January 2020, 09:59 PM	#2
LawMan "TRF" Member Join Date: Nov 2007 Location: Another Planet Posts: 228	don't buy based on perceived value. If you like the watch then buy it. Resale down the road is tricky , you must be prepared to take a loss, which is your cost of ownership. If you want to minimize your downside buy a more popular model , like the Sub

12 January 2020, 10:01 PM	#3
CasinoRoyale_007 "TRF" Member Join Date: Feb 2019 Location: NYC/Toronto/CLT Watch: LF Sport & Tissot Posts: 182	I think the only correct approach is to buy what you like. Watches are not investments.

12 January 2020, 10:05 PM	#4
Sandpit "TRF" Member Join Date: Jan 2018 Location: Middle East Posts: 1,808	If I buy a watch I treat that money as if it’s gone. Buy what really sings to you.

12 January 2020, 10:10 PM	#5
Little machines "TRF" Member Join Date: Feb 2019 Real Name: Joseph Location: USA Posts: 2,493	Agreed ! Enjoy the watch you wear!

12 January 2020, 10:12 PM	#6
2001jesper "TRF" Member Join Date: Jan 2017 Real Name: Jesper Location: Earth Watch: 116234 Posts: 1,660	With the YM you are buying a watch that you don't want, because it available (cheap) and you intend to flip it as soon as you have picked up our Hulk - Cant see the rational. Why don't you instead buy a pre-loved Hulk grey? Flip it once you get the call from your AD and hopefully you will come out even. Will give you the same financial exposure as for the YM, but at least you will be wearing what you really want

12 January 2020, 10:27 PM	#7
1William 2024 ROLEX DATEJUST41 Pledge Member Join Date: Nov 2010 Location: North Carolina Watch: Rolex/Others Posts: 45,209	I would look at a more popular model like the Explorer or the Explorer II to park some funds. The YM does not get a lot of love, on TRF or anywhere else for that matter, but the owners that have the watch seem to really like it. I am not sure of the market but there are always a few around. You might look at an Omega Speed Master on the bracelet as they are heavily discounted and can be traded or sold for most of what you have in them. Good luck and let us know what you decide.

15 January 2020, 09:17 PM	#11
Jordanfaf "TRF" Member Join Date: Jan 2020 Location: Ireland Posts: 3	Thanks all for the replies. Has anyone used Watchfinder uk. No dealers here in Ireland are holding a platinum YM I had a chance to try on a customer watch in for service and must say I really do like them. Sent from my iPhone using Tapatalk

15 January 2020, 10:00 PM	#12
BroncoOne "TRF" Member Join Date: Dec 2019 Location: Boston Posts: 1,243	If you are OK with losing money when you flip the YM, then OK. Everyone has a different situation and view. Personally, if I didn't want to wait I'd get the best price in the Hulk available today from a trusted seller and have the watch tomorrow. Try to guesstimate the loss on the YM when you flip it and if the premium for the Hulk is close or less, get the Hulk today and forget about the YM. Then you can be wearing your desired watch the whole time. If the AD gets you the Hulk for MSRP next year, you can very easily sell the grey market hulk later and likely take less of a loss, if any. That said, selling a watch as a one off is harder than if you are an established trusted seller. The best financial advice is what another plaster said: keep wearing your Dad's watches until yours comes in.

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