Sold My Rolex Watches

[Black Bay Dan]

Originally Posted by Harry-57

That's a nice watch. I'd hang onto that too.

Present from my wife so I definitely will be.

[douglasf13]

Originally Posted by Air King Dan

This is exactly it. In the early 1990's, my father sent it off to RSC in London for a service and was so excited to get a "new" watch back with service dial and bracelet. There was no Internet 2.0 back then, so the idea of watch collecting or future values did not cross his mind for one second. It was no more than a tool watch in his eyes and it had needed a service.

Exactly. We’ve gotten to a strange point where we’re denying one of the most valuable things about the Rolex brand: serviceability in perpetuity. It’s quite an advantage to be able to be able to get new parts for decades. In fact, even Porsche has followed suit with their classic parts program.

[Jack T]

Originally Posted by jtorrebl

The LV will continue to go up.

How can you know that?

[RationalPragmatist]

I did pretty much the same thing a few months ago; still got a Tudor Black Bay Bronze but could get back in the Rolex game by winning a Sky-Dweller

[Jack T]

Originally Posted by beshannon

Rolex is no longer a desirable watch at least for me

The last four words in that sentence rescued you from an absurd statement.

[928ktgold]

Originally Posted by Jack T

How can you know that?

Of course you can’t, but it is a landmark piece of the Rolex collection. Transitional, anniversary, discontinued model of the iconic Sub. It will get rarer with time. Thus the price will go up.


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[Black Bay Dan]

Originally Posted by douglasf13

Exactly. We’ve gotten to a strange point where we’re denying one of the most valuable things about the Rolex brand: serviceability in perpetuity. It’s quite an advantage to be able to be able to get new parts for decades. In fact, even Porsche has followed suit with their classic parts program.

[nnigel46]

Smart man


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[fania123]

Unless money was an issue there’s no way I could have parted with those watches. I would’ve just bought the Tudor and hung on to the other three even if I rarely if ever wore them.

[fskywalker]

Smart move!

[TheHulk]

Originally Posted by Tim Plains

We can't call you Air King Dan any more.

Nope!! Pick a new name

[Agamemnon]

Originally Posted by TheHulk

Nope!! Pick a new name

Tudor Dan

[Calatrava r]

Originally Posted by Air King Dan

It wasn't so much about paying mortgage off (although I should have done that in 12 months time). It was more that the LV was worth so much more than I paid for it and the other two I simply was not wearing anymore.

Do you have to pay long term capital gain taxes on the gain on the LV where you are?

[nutrientcobra]

Originally Posted by Air King Dan

I decided to take advantage of the upswing in the value of my Submariner LV here in the UK, so have just sold the following watches.

Rolex Oyster Perpetual Air-King 5500
Rolex Oyster Perpetual Explorer 1016
Rolex Oyster Perpetual Submariner 16610LV

I still kept a couple of watches but have just bought this from my AD. Happy with my decision as have had years of enjoyment from the sold watches.

I sold mine as well. I wanted another one but after 2 years and no luck between dealers I gave up. I am now looking for another Spring Drive and the one I have runs super.

[Black Bay Dan]

Originally Posted by Calatrava r

Do you have to pay long term capital gain taxes on the gain on the LV where you are?

Fortunately no.

[m j b]

Originally Posted by waterking

One of the most unintelligent statements I have ever read on TRF.

And that can be a fairly low bar at times!

I think Dan did fine. If all enthusiasts did nothing but collect, there would be nothing for enthusiasts to collect. Think vintage... Someone has to sell dad's watch.

[Black Bay Dan]

Originally Posted by m j b

And that can be a fairly low bar at times!

I think Dan did fine. If all enthusiasts did nothing but collect, there would be nothing for enthusiasts to collect. Think vintage... Someone has to sell dad's watch.

[teager]

And not get flamed for it.......

Originally Posted by fooey

Some people can sit on one watch for ever...some get bored or want the buzz of the chase again!
Either way their your watches and well done to you.
We need more honest threads like this in here...Enjoy the Tudor

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[BLNR Nairobi]

Beautiful

[shaunylw]

Enjoy! I think you missed the height of the market by a few months, but you likely did pretty well.

[Black Bay Dan]

Originally Posted by shaunylw

Ya selling when things have slid 20-30% isn’t exactly catching the heat of the market.


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In the UK, these watches (Submariner LV) have not dipped since March. Just been steadily climbing since I bought it 7 years ago.

[Tensai]

Everyone is a genius, on the interweb.
Enjoy.

[cryptowalkway]

Originally Posted by HiBoost

Not to go on a tangent, but this tidbit is crushing to read. Was there no opportunity to negotiate with them along the way to keep the original parts? Seems like a watch of both historic and sentimental value and thus a loss for both parties (your family and Rolex) to piece by piece convert it to non-original parts.

Exactly my thoughts

[Black Bay Dan]

Originally Posted by cryptowalkway

Exactly my thoughts

Not sure you have read the entire thread as this has been explained.

[superdog]

Originally Posted by Loevhagen

Perhaps not panic per se - but a funny move nonetheless. Enthusiasts don't sell watches - flippers do. You will indeed regret this move at one point or another - if you like watches that is. If you're in it for the money - you won't. Time will show.

Wow. That’s crazy.

Admit I didn’t read the whole thread yet. Had to respond to this, because this is crazy town talk.

Shockingly judgemental too.

[Black Bay Dan]

Originally Posted by Harry-57

That's a nice watch. I'd hang onto that too.

Cheers Harry - I intend to.

[Black Bay Dan]

So a while has passed since I sold my Rolex watches and I find it interesting to look back at the posts on this thread. My first observation is that I have not once, regretted selling my Rolex watches. Every day I look forward to putting on one of my Tudors, and get enormous pleasure from wearing each of them (I still think they are the best looking dive watches out there). I did not have that same enjoyment from any of the watches I sold. Don't get me wrong, I still love Rolex watches and at some point in the future I will buy another. I also still love logging onto TRF every day and remain very happy that Tudor & Rolex are still on the same Sub-Forum. Long may not it continue.

Dan

[Benjack]

It's always better to do what makes you happy, Congratulation on your new purchase.

[Dan Pierce]

Originally Posted by Black Bay Dan

So a while has passed since I sold my Rolex watches and I find it interesting to look back at the posts on this thread. My first observation is that I have not once, regretted selling my Rolex watches. Every day I look forward to putting on one of my Tudors, and get enormous pleasure from wearing each of them (I still think they are the best looking dive watches out there). I did not have that same enjoyment from any of the watches I sold. Don't get me wrong, I still love Rolex watches and at some point in the future I will buy another. I also still love logging onto TRF every day and remain very happy that Tudor & Rolex are still on the same Sub-Forum. Long may not it continue.

Dan

No regrets because you thought it thru, made the move, and continue to thoroughly enjoy this hobby via your stunning Tudor lineup. The results of your well thought out plan.
dP

[Black Bay Dan]

Originally Posted by Dan Pierce

No regrets because you thought it thru, made the move, and continue to thoroughly enjoy this hobby via your stunning Tudor lineup. The results of your well thought out plan.
dP

Cheers Dan - your collection is pretty stunning too.

Dan