are rolex a waste of money?
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Is a Rolex worth the money? Hello and thanks for the A2A. The short answer is: yes, on most cases it is. The long answer is that Rolex is the most known watch brand around the world, especially when coupled with its iconic shape (which most people know, even if they do not really understand the product).
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Daytona aka Oyster Perpetual Cosmograph Daytona. The reason for Daytona's being expensive than other Rolex models made with the same material lies in the simple theory of economics... Demand-Supply. ... So the AD gets a very limited supply of Daytona's and the watches are able to command a higher price closer to retail.
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An Omega watch can prove to be a great investment. If you look at some vintage Speedmasters, you can see that they have increased in value by several hundred percents. ... Be careful with limited edition, because not all limited edition Omega watches will be great investments, although many of them can.
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Rolex is the most recognizable luxury watch brand. The basis for Rolex's success is its extremely high product quality extending over the many years of its existence. Rolex watches show time accurately and are robust, sturdy and reliable.
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Watches have become obsolete if you just consider their use as purely timekeeping devices, no doubt. But a watch is not (and I stress it - NOT) just a timekeeping device.
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A normal Rolex overhaul ranges from $600 to $1000 and will vary depending on your model, its condition and the type of service needed. Many factors come into play when it comes to the maintenance cost of a Rolex. So you can't be sure of the exact price until you leave your watch with your local AD (authorized dealer).
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Rolex approves the jewelers that sell their watches and is very strict about retail pricing. The retail price will not be significantly less in Switzerland and I am confident that you realize that Rolex watches are expensive, beginning at $7,500 USD ≈ $9,000 CAD ≈ $8,500 CHF.
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Rolex is unarguably the world's most famous luxury watch brand. ... But what is particularly interesting is that Rolex watches can actually be investments. In fact, the value of some Rolex watches have significantly increased in value, and if you buy the right Rolex watch, it can prove to be a great investment over time.
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So yes youtubers reviewed high-end watches as you said and turns out Seiko is one of those brand. And surprisingly it is not a luxury brand. Luxury is often associated with value...
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In my opinion, Seiko makes watches that are just as good as Rolex and Omega, but at a lower price. If you had the $4000+ necessary to buy a basic Rolex Submariner or Datejust, you could could get a top of the line Omega Chronograph, or something with a splash of gold in it.
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However, if you do not live in Europe, Italy is one of the cheapest place to get a rolex. This is because it is the only place you can claim the full tax refund for a purchase above a certain amount (more than 10,000 EUR if I'm not wrong). You'll be able to save a massive amount of money on every piece that you buy.
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It costs around $800 to service a Rolex. A normal Rolex overhaul ranges from $600 to $1000 and will vary depending on your model, its condition and the type of service needed. Many factors come into play when it comes to the maintenance cost of a Rolex.
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RESALE VALUE: A Vacheron Constantin watch holds its value very well compared to most brands. However, Rolex and Patek Philippe both will usually fetch a higher percentage of your principal investment. Of course, when it comes to resale value, you can't paint a brand with a broad brush.
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Nothing that goes into a Rolex is made in China. They are 100% assembled in Switzerland.
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Timex is definitely back in the mechanical business - and with a truly affordable Marlin Automatic. You probably don't think of Timex as a luxury watch company. ... It's an interesting watch and generated a lot of excitement, but the old-school size and Chinese movement were turnoffs for some.
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Rolex guarantees the proper functioning of its watches for a period of five years from the date of purchase. The Rolex guarantee excludes normal wear-and-tear (notably the wear-and-tear of non-metal bracelets and straps), loss, theft, or damage due to misuse.
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Some items we're used to buying every day can actually be a huge waste of money. Store-bought greeting cards, physical books, cable TV, and premium gasoline are just a few examples. Bigger purchases, such as a boat or a time-share, often aren't worth the cost either.