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Hi DF!
I've been looking for another watch, preferably one with some diamonds, to supplement my one and only watch, a Patek Philippe Nautilus 3800/1A .
A friend of mine who has a very good r/s with Rolex has just bought a Rolex 40mm, Day Date President (see pic below) in Pt, for approx USD90k equivalent. She got a 20% discount approx from Rolex. Now, I am looking at either that or the WG version, more likely the WG, which is going for USD45-47k after discount (we're still negotiating).
I looked up prices of Rolex and they've gone up a lot. I bought a small one for GBP3k in the UK about 26 yrs ago and it's now about GBP8-9k. So it's tripled in value, albeit in a long period of time.
I am also thinking as an alternative to get another PP. I bought my existing PP watch from Christies in 2011 and paid USD17k for it. I just checked prices online and apparently a similar one is going for USD30k. So, it looks like PP prices have gone up even more, if we were to compare the same time period. At this time, don't know yet which model I'd be getting, if I were to go for PP again.
Of course, I know asking prices are not the same as achieved, but which would be a better watch to buy, in terms of retention of value and ease of resale? I like both brands. Or perhaps you have another brand & model in mind you'd like to recommend? I prefer something around 40mm in diameter and with some diamonds, ie. a more blingy watch.
PS. My ultimate watch is a blingy RM, but I really can't afford it. What's this like, in terms of retention of value - just out of curiosity?
I've been looking for another watch, preferably one with some diamonds, to supplement my one and only watch, a Patek Philippe Nautilus 3800/1A .
A friend of mine who has a very good r/s with Rolex has just bought a Rolex 40mm, Day Date President (see pic below) in Pt, for approx USD90k equivalent. She got a 20% discount approx from Rolex. Now, I am looking at either that or the WG version, more likely the WG, which is going for USD45-47k after discount (we're still negotiating).
I looked up prices of Rolex and they've gone up a lot. I bought a small one for GBP3k in the UK about 26 yrs ago and it's now about GBP8-9k. So it's tripled in value, albeit in a long period of time.
I am also thinking as an alternative to get another PP. I bought my existing PP watch from Christies in 2011 and paid USD17k for it. I just checked prices online and apparently a similar one is going for USD30k. So, it looks like PP prices have gone up even more, if we were to compare the same time period. At this time, don't know yet which model I'd be getting, if I were to go for PP again.
Of course, I know asking prices are not the same as achieved, but which would be a better watch to buy, in terms of retention of value and ease of resale? I like both brands. Or perhaps you have another brand & model in mind you'd like to recommend? I prefer something around 40mm in diameter and with some diamonds, ie. a more blingy watch.
PS. My ultimate watch is a blingy RM, but I really can't afford it. What's this like, in terms of retention of value - just out of curiosity?
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. You have many models to choose from Rolex, a lot of different dial color/combo available.
) They are similarly priced to Rolex and PP, perhaps even more expensive (Stainless Steel watches for £20k, anyone?) and you are (of course) paying for a lot of label in the MSRP, but they have some classic designs by Gerald Genta in the Royal Oak range, and Genta did also design the Nautilus so both share design language.
today's D/D are much heavier than my 27 yrs old 36mm D/D, b/c of its solid gold links.
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