Luxury Watches

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MRG
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Luxury Watches

Post by MRG » Mon Aug 19, 2019 8:11 pm

I am considering buying a decent watch as a method of savings/investment as well as the fact that I fancy owning a nice watch.

I would be looking at spending between £3k and £5k.

I’m hoping that somebody on here may have some knowledge around watches and able to share advice/recommendations
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theroyaldyche
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Re: Luxury Watches

Post by theroyaldyche » Mon Aug 19, 2019 8:19 pm

Dont waste your time
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dandeclaret
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Re: Luxury Watches

Post by dandeclaret » Mon Aug 19, 2019 8:19 pm

The prime amount to spend on a luxury watch is £4k.


A wisened, learned man once told me that.



He then argued with everybody who disagreed.


I liked his style.
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Cleveleys_claret
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Re: Luxury Watches

Post by Cleveleys_claret » Mon Aug 19, 2019 8:28 pm

Not too knowledgable on them investment wise. I have a friend that bought a Omega Seamaster for about £4.5k. Now from what he has said to me they dont lose much value but each year he sends it off to a place in Manchester to get an M.O.T for it if you will. Think they take it apart, clean it, do the windings and whatever else. Then they reseal it and send it back. This costs about £175 each year.

What I am trying to get at is I think any watch around this price range will probably need the same care and attention. So investment wise if you are looking at 10 years you have spent your 4.5k plus another 1.75k on making sure it stays to its high standard. Somehow I doubt any watch would increase in value much more than the investment required initially and over a prolonged time period to make it worth it.

Now if its just to wear a nice watch as rewards for your hard work go ahead. But at that price range unless you have an intimate knowledge of certain watches it would be hard to make money on it

Bosscat
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Re: Luxury Watches

Post by Bosscat » Mon Aug 19, 2019 8:32 pm

I know nowt about watches ... but I definitely wouldn't consider one as an investment...... but as something to enjoy wearing yes.
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MRG
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Re: Luxury Watches

Post by MRG » Mon Aug 19, 2019 8:34 pm

Investment may have been the wrong word. I’m hoping to put some money into a watch where I can hopefully pull similar money back out on a rainy day if I ever need to

Marney&Mee
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Re: Luxury Watches

Post by Marney&Mee » Mon Aug 19, 2019 8:36 pm

dandeclaret wrote:The prime amount to spend on a luxury watch is £4k.


A wisened, learned man once told me that.



He then argued with everybody who disagreed.


I liked his style.
Cashed in to buy one twix every home game tho as rumour has it...

steve1264b
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Re: Luxury Watches

Post by steve1264b » Mon Aug 19, 2019 8:39 pm

I have a contact in retail who has a workshop in manchester. Bought the wife a bespoke ring. He has a workshop making for the trade. He told me that i could by a rolex and bring it back and if i had looked after it id get my money back.

He said omegas, tags etc lose money.

I have neither, just saying!

tarkys_ears
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Re: Luxury Watches

Post by tarkys_ears » Mon Aug 19, 2019 8:45 pm

Between 3 and 5 you say?

Well, we all know £4k is the perfect amount to be spending!
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cricketfieldclarets
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Re: Luxury Watches

Post by cricketfieldclarets » Mon Aug 19, 2019 8:51 pm

Not sure buying one as an investment is particularly wise as unlikely to go up in value. So better buying one you like first and foremost

Definitely look for an automatic though. More likely to retain its value or lose less. And definitely get it looked after.

Some brands retain value better than others. Even when spending four or five figures!

Matter of taste but love the tag heuer Monaco watches. In that price range if you a Rolex have a look at the air king.

NickBFC
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Re: Luxury Watches

Post by NickBFC » Mon Aug 19, 2019 8:51 pm

If you're after investment, then the only answer is Rolex basically. Have a look at the TZ-UK forum, plenty of good advice there.

For those saying don't buy as an investment, buying the right watch at the right time can be very lucrative.

cricketfieldclarets
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Re: Luxury Watches

Post by cricketfieldclarets » Mon Aug 19, 2019 8:52 pm

Failing that sell the house and get yourself a Patek...

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Re: Luxury Watches

Post by cricketfieldclarets » Mon Aug 19, 2019 8:57 pm

Oh and make sure you negotiate. You can get a great discount if you do. Especially if it’s an area where there are a few shops even in places like Trafford centre. And especially at certain times of the year or if you pay cash / outright.

FCBurnley
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Re: Luxury Watches

Post by FCBurnley » Mon Aug 19, 2019 8:57 pm

Had a fair number of `luxury` watches in my time and lost money on every single one. If you want a nice watch just buy the one you like and haggle as much as you can on price ( big profit margins). Then enjoy wearing it. Do NOT buy as an investment.
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NickBFC
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Re: Luxury Watches

Post by NickBFC » Mon Aug 19, 2019 9:02 pm

Key is don't buy new. You won't get a discount on Rolex, and Patek aside, everything else is going to lose more than any discount you'll negotiate. I am heavily up on mine after 2-3 years ownership. Will the bubble burst? Maybe but I bought them to enjoy. Seriously sign up to TZ if you're serious.

Dyched
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Re: Luxury Watches

Post by Dyched » Mon Aug 19, 2019 9:10 pm

Watches are proper naff.

Tricky Trevor
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Re: Luxury Watches

Post by Tricky Trevor » Mon Aug 19, 2019 9:12 pm

Talking watches. My neighbour has had a break. Took his old Tissot in for repair. They told him it’s obsolete, to me a watch is a watch, but after sending it away to Switzerland to confirm it is genuine he can have a £580 watch for £180. He’s snapped up that deal.

beddie
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Re: Luxury Watches

Post by beddie » Mon Aug 19, 2019 9:14 pm

Funnily enough I looked at some "pre owned" watches today at a jewellers in Yarm, mostly Rolex. One thing I did notice was that they all come with a certificate of authenticity and the original box which I'm told gives them more value than without them.

Bop
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Re: Luxury Watches

Post by Bop » Mon Aug 19, 2019 9:29 pm

I’ve been privileged enough to buy a number of luxury watches over the last 25 years, gradually upgrading. They CAN definitely be an investment, and I would agree that Rolex are the best to make a profit on. I was on a 5 year waiting list for a Daytona, costing @3.5k. Traded it last year to buy a second Panerai, and I got nearly triple what I paid for it, and still believe I could have got more. if buying used, ensure you get the box and papers, and if possible original receipt.

Many high end jewellers / watch shops now stock used watches - but I’d highly recommend Watchfinder.
Last edited by Bop on Mon Aug 19, 2019 10:37 pm, edited 1 time in total.

ElectroClaret
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Re: Luxury Watches

Post by ElectroClaret » Mon Aug 19, 2019 9:33 pm

Looking online, there's a Patek Philippe Nautilus for sale at The Watch Store, New Bond Street, London.

£465,000. :D

Mind you, it's studded with 1,598 diamonds. And you probably get a nice box.

Bosscat
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Re: Luxury Watches

Post by Bosscat » Mon Aug 19, 2019 9:35 pm

ElectroClaret wrote:Looking online, there's a Patek Philippe Nautilus for sale at The Watch Store, New Bond Street, London.

£465,000. :D

Mind you, it's studded with 1,598 diamonds. And you probably get a nice box.
But you will probably get a "Nice box" brilliant m8
:lol: :lol: :lol:

South West Claret.
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Re: Luxury Watches

Post by South West Claret. » Mon Aug 19, 2019 9:43 pm

£3 or £4000 for a time piece are you raving mad sir? :D

AfloatinClaret
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Re: Luxury Watches

Post by AfloatinClaret » Mon Aug 19, 2019 9:54 pm

Bosscat wrote:...I definitely wouldn't consider one as an investment...
I bought a digital/waterproof watch from Decathlon Sports for about £10 which three years later I swapped for 5 litres of very drinkable rum in Cuba, that felt like a good return to me; I had to decant the rum into my own bottles mind as he wouldn't include the plastic jerry-jug in the deal - that was far too valuable/irreplaceable.
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tim_noone
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Re: Luxury Watches

Post by tim_noone » Mon Aug 19, 2019 10:01 pm

theroyaldyche wrote:Dont waste your time
It waits for no man.......

Swizzlestick
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Re: Luxury Watches

Post by Swizzlestick » Mon Aug 19, 2019 10:23 pm

I need a refresher on the infamous £4K watch incident.
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theroyaldyche
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Re: Luxury Watches

Post by theroyaldyche » Mon Aug 19, 2019 10:25 pm

tim_noone wrote:It waits for no man.......
Glad some1 got a chortle
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Bosscat
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Re: Luxury Watches

Post by Bosscat » Mon Aug 19, 2019 10:49 pm

tim_noone wrote:It waits for no man.......
Cyndi Lauper bought 2 watches...... ;)
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dsr
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Re: Luxury Watches

Post by dsr » Mon Aug 19, 2019 11:31 pm

I think this thread is more an attempt to recreate the £4k watch thread than it is to get genuine advice.

Which is just as well, because the only general advice I have is "don't". Where do you put it when you go swimming?

Wile E Coyote
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Re: Luxury Watches

Post by Wile E Coyote » Mon Aug 19, 2019 11:36 pm

christ...how badly do you need to know what time it is ?

aggi
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Re: Luxury Watches

Post by aggi » Tue Aug 20, 2019 2:38 am

Sean Dyche is the man to speak to. He very much likes an expensive watch (although you may have to multiply your budget by ten).

https://www.dailymail.co.uk/sport/footb ... piece.html" onclick="window.open(this.href);return false;

The real answer, for that price bracket, is a second hand Rolex. Preferably something that had a fairly short production run but isn't currently that trendy. Ultimately though there's no guarantees so buy something you'd wear.

Chuckypad
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Re: Luxury Watches

Post by Chuckypad » Tue Aug 20, 2019 8:31 am

These are creeping up in price recently but you'll get one for your price range:

https://www.argos.co.uk/product/2533393 ... lsrc=aw.ds
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fatboy47
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Re: Luxury Watches

Post by fatboy47 » Tue Aug 20, 2019 8:45 am

The idea that high end watches are a serious investment is an idea mainly promoted by the makers of high end watches.

There's that many good quality fakes around that you'll struggle to impress high end minge with one anyway.
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LDNBFC87
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Re: Luxury Watches

Post by LDNBFC87 » Tue Aug 20, 2019 9:18 am

I would certainly look at buying second hand and something that is considered a 'classic'. i.e Rolex Oyster Perpetual Day/Date, Omega Speedmaster etc etc.

Some sound advice on here already but one thing I will have to disagree with strongly is sending it off for a service anywhere other than back to the manufacturer. You only really need to get a watch serviced every 2-3 years and having it done by the manufacturer and recorded in a service/logbook significantly increases resale value.

Essentially - buy second hand with a manufacturers service history and continue to send back to manufacturer every 2-3 years.

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Re: Luxury Watches

Post by Sutton-Claret » Tue Aug 20, 2019 9:21 am

Use the £4K-£6k to have a family holiday in Turkey - whilst there pick up a grade AAA replica from one of the many outlets for about £50 to £100. I got an Omega Seamaster out there about 5 years ago - its still going strong and looks and feels genuine.

My next purchase will be a Panerai Luminor.

Pidgeon
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Re: Luxury Watches

Post by Pidgeon » Tue Aug 20, 2019 9:50 am

I have a 1986 Rolix. Picked it up in HK some years ago. Happy to consider 4K plus offers. PM me.

Bosscat
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Re: Luxury Watches

Post by Bosscat » Tue Aug 20, 2019 9:56 am

Pidgeon wrote:I have a 1986 Rolix. Picked it up in HK some years ago. Happy to consider 4K plus offers. PM me.
I think you have a fake m8 and I would not pay more than £4.

I've seen Rolix's on stalls in Turkey also Amega's and Tig Hewer's :D
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Pearcey
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Re: Luxury Watches

Post by Pearcey » Tue Aug 20, 2019 10:07 am

I have an Omega Seamaster. I treated myself when I left the RAF. I also wanted something nice to hand down to my son when I croak. For resale I was advised by the salesman to buy Rolex. I guess it depends on your reasons for buying.

Lord Beamish
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Re: Luxury Watches

Post by Lord Beamish » Tue Aug 20, 2019 10:09 am

fatboy47 wrote:The idea that high end watches are a serious investment is an idea mainly promoted by the makers of high end watches.

There's that many good quality fakes around that you'll struggle to impress high end minge with one anyway.
And ther, Ladies and Gentlemen, is the rub; so to speak.

TVC15
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Re: Luxury Watches

Post by TVC15 » Tue Aug 20, 2019 10:19 am

Lord Beamish wrote:And ther, Ladies and Gentlemen, is the rub; so to speak.
Rub or rug ?

tim_noone
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Re: Luxury Watches

Post by tim_noone » Tue Aug 20, 2019 10:21 am

Bosscat wrote:I think you have a fake m8 and I would not pay more than £4.

I've seen Rolix's on stalls in Turkey also Amega's and Tig Hewer's :D
Many moons ago Bought two Beautiful Blue Cartier watches his n hers. Got them cos I liked the slim face and gold numerals on Blue background.always slightly regret putting em away somewhere when the batteries died... They were Fake. Never liked Rolex fake or real tbh.
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Foshiznik
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Re: Luxury Watches

Post by Foshiznik » Tue Aug 20, 2019 11:00 am

You want a solid gold Rolex... sorry, I want a solid gold Rolex

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Re: Luxury Watches

Post by Funkydrummer » Tue Aug 20, 2019 12:14 pm

I decided to treat myself when I retired and bought a Breitling Avenger ll Seawolf, currently circa £3,000.

If it increases in value then great, if not I will have enjoyed it, which was the main aim.

https://www.breitling.com/gb-en/find-yo ... s/?page=14" onclick="window.open(this.href);return false;

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Re: Luxury Watches

Post by Foshiznik » Tue Aug 20, 2019 12:36 pm

Where's AccyClaret76 when you need him.

SalisburyClaret
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Re: Luxury Watches

Post by SalisburyClaret » Tue Aug 20, 2019 3:01 pm

There are a few brands that will appreciate but they tend to cost more than your budget. You could try a British brand like Farer, they may grow over time. Mainly just buy a watch that appeals and enjoy it

Chip Harrison
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Re: Luxury Watches

Post by Chip Harrison » Tue Aug 20, 2019 4:00 pm

fatboy47 wrote:The idea that high end watches are a serious investment is an idea mainly promoted by the makers of high end watches.

There's that many good quality fakes around that you'll struggle to impress high end minge with one anyway.
Your response of high end minge and your Maid post from yesterday makes me think you could actually be a danger to women.

MRG
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Re: Luxury Watches

Post by MRG » Tue Aug 20, 2019 4:51 pm

I thought that I was leaning towards a Breitling but research suggest an Omega may be a better investment

fatboy47
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Re: Luxury Watches

Post by fatboy47 » Tue Aug 20, 2019 6:45 pm

Chip Harrison wrote:Your response of high end minge and your Maid post from yesterday makes me think you could actually be a danger to women.
Your post makes me think you're a miserable lump, with either no sense of humour or an innability to accept that not everyone shares whatever your sense of humour involves.

Bosscat
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Re: Luxury Watches

Post by Bosscat » Tue Aug 20, 2019 6:48 pm

fatboy47 wrote:Your post makes me think you're a miserable lump, with either no sense of humour or an innability to accept that not everyone shares whatever your sense of humour involves.
Must admit I was wondering about high end minge... and if that was a woman who has had several face lifts!!!
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Re: Luxury Watches

Post by ŽižkovClaret » Tue Aug 20, 2019 7:49 pm

Tony Philliskirk has a cheap Casio digital, btw ;)

Bop
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Re: Luxury Watches

Post by Bop » Tue Aug 20, 2019 8:00 pm

If it’s high end minge you’re after, you need to look at those G-Spot watches.

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