1st yr biglaw, buy a used rolex?
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Date: August 31st, 2010 11:38 PM Author: Indigo Nursing Home
You pathetic striver, what about Patek/Vacheron/Audemars?
Jk, I would get a used Sea-Dweller or Deep Sea.
Although I can dream about the new AP Royal Oak Offshore Diver ($15k and very hard to find at a dealer, apparently).
In terms of investment, watches are generally a terrible investment, although with a used watch you'll lose less on a resale (especially with Rolex). The Rolex secondary market is also more active/liquid so your Rolex would sell faster if you ever decide to sell or trade in.
I don't see a lot of investment opportunities out there in conventional investments, so the opportunity cost of owning a nice watch is not that bad.
Last point, don't forget to factor in maintenance costs. A Rolex Service Center full service would be quite expensive relative to the purchase price of the watch you're considering.
(http://www.autoadmit.com/thread.php?thread_id=1411213&forum_id=2#15935888) |
Date: August 31st, 2010 11:44 PM Author: Indigo Nursing Home
Also if you are not experienced, only buy from a reputable brick-and-mortar store, not online. Ideally bring an experienced friend along to examine the watch for authenticity, condition, etc.
The fakes out there are scary good although Rolex in particular works very hard to stay a few steps ahead of the counterfeiters.
(http://www.autoadmit.com/thread.php?thread_id=1411213&forum_id=2#15936008) |
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