Afternoon,
Under current circumstances, feel quite lucky that I am getting a decent bonus from work. I will have £17k to spend which I want to use for my dream watch.
The problem is I will get half in June and then half in September 23.
I have always had my heart set on a RO Offshore but not many reference points on here. I saw a lovely rose gold one sold on here for £13k in 2020 but prices for the other big brands have gone through the stratosphere since then.
I will be able to add some cash but am I deluding myself that I could get a nice ROO for £20k in '23? Just basing it on what has happened with PP and VC..always loved the Overseas model.
I also have had the Rolex Deepsea on my radar. Guess that might be available for £10 to £11k, so I could pick that up sooner.
However, the ROO is calling. And I doubt I will have the spare funds available again. But the prices in over a year from now might be nuts.
Any thoughts welcome and sorry for the diatribe :).
Kozza.
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Do you have anything remotely similar to the DSSD? If you had a submariner I would get the RO. I’ve tried on a RO, and they’re a different kettle of fish compared to the Rolex sport models. I wouldn’t wear a RO as my daily ( I have a tendency to catch door handles) as I would no doubt put a dent in that bezel in a day or two.
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Thanks for your thoughts. No, only got a Datejust and Root Beer. Guess the question is, will my budget in a year's time stretch to the AP?
Not too many seem to be sole on here like Rolex!
Cheers.
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Inflation is rising, so reasonable to expect the ROO to increase from an AP (assuming they'll sell to you at RRP). Grey market/2nd hand could go anywhere if there's a wider European war and/or global stagflation.
1) Buy in June using debt leverage. Assumes you can service the interest on a £9k+ loan until Sep 23 and then pay off the capital. You're hoping inflation will take the sting off the debt and asset prices will rise so you win both ways.
2) Safe investment, put the June bonus into index-linked bonds then use that+interest+Sep 23 bonus. Hoping that the RRP hasn't gone rocketing. Or you may get lucky and the 2nd hand market has collapsed.
3) Moderate risk. Put the June bonus into an FTSE index-tracking stock ISA and cash out in Sep 23.
4) Speculative investment. Use some of the Jun bonus for a highly leveraged position in gold or Bitcoin futures to expire Sep 23. You could make out like gangbusters or have to 'stop loss' and lose a chunk of the June bonus.
5) Gamble. Walk into a casino and put your June bonus on red or evens.
Last edited by J J Carter; 16th April 2022 at 17:21.
Well, some food for thought J J Carter - thanks. What kind of price could I realistically expect to pick up a ROO now on the sales corner? If one was to come up of course. Just to get an idea of my inflation threshold over the next 12 months or so.
Cheers.
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Based off uk chrono24 listings I think if a ROO came up for less than £20k that would be a very good price. Market for AP pre owned is very hard to predict and isnt really driven by inflation more demand which has been exponentially increasing.
Thanks. Did spot a couple on there without box and papers in the £15 to £16 region. But they were older and without box and papers. Therefore, a bit of a risk. And might have to factor in a couple of thousand for sevicing. Might have to look at Rolex then. Kind of wanted to spend it all on one watch. Also like the Fifty Fathoms. Moser are interesting and you could get a lot of JLC for that budget. Always though the latter were very elegant.
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If you buy a Rolex you are almost guaranteed to have a lot of time wearing a really cool watch and eventually you will sell it at a profit. It's like getting paid to own a good watch.
ROO Diver should be possible, or does it have to be chronograph?Originally Posted by kozza6
Personally if I had 85% or thereabouts of a grail watch like that I’d be furiously man mathsing it. Selling off, cutting down saving, justifying, whatever it took. These chances come along rarely and if you’re going to look at the Rolex and think of the AP then the Rolex won’t do.
Have to say, this is quite likely to be the route I go down. While I love Rolex (fortunate to have a couple), I fancy something that is a step up? Don't want to be controversial here of course as love Rolex. I have never even tried on a ROO but always wanted one. Vowed I would never try one on until I pretty much had the cash to own one. To answer another question, guess it doesn't have to be a chrono version. Ashamed to say, my interest came about from Terminator 3 and that scene with the watch. A hopeless victim of marketing! Back then, my best watch was a Camel Trophy model!!
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Personally I would be wary of dropping what sounds like all your current disposable cash into a watch. I'd leave it until you're in a comfortable position to buy, and if the prices have rocketed then so be it. There's always another dream watch around the corner. The opposite could also happen and ROO could be back on discount, who knows.
(just a personal view of what I would do)
I like the OP's outlook.
A nice personal Bonus and rightly wants to treat himself before the inevitable financial responsibilities deny him that opportunity for a while.
Make it happen.
Assuming you don't have thin wrists OP as the Deepsea is a behemoth and the Roo is a fair chunk too
ROO Diver should be possible with the budget.
Thanks guys. I appreciate the thoughts about being financially prudent in the current environment. However, it isn't cash I was expecting or relying on so I fancy blowing it on a watch. Guess I might go with the ROO Diver if prices haven't risen too much within the next 15 months.
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Quality comparison -the ROO is a level up from Rolex. I’d go for the ROO if you have the chance. Keep your eye on various resellers as buying retail is unlikely. But try your local boutique, go in and introduce yourself and explain where “you are at” and you may be lucky to get something you are looking for.
you might need £25k though
GOOD LUCK!
Last edited by MartynJC (UK); 18th April 2022 at 20:13.
“ Ford... you're turning into a penguin. Stop it.” HHGTTG
Think yours was one of the most recent to sell on here at £13k Martyn? Although, I hate to think what that would go for now!!
Time machine and all that :).
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If you’re serious about an AP ROO purchase I’d be inclined to get in touch with AP House and go for a new Diver (with the interchangeable strap system) and wait for it to come in due course.
The weird thing with AP is they make some awesome watches and yet it is the RO range that everyone clamours for. Basically the most 'un-trilogy-like' watches from their range.
You for sure won't get a RO from a boutique and you will be stretched getting a grey watch in that budget but (warning - unsubstantiated rumour inbound) I have heard from some people in the trade that grey prices are softening. Let's see
+1 to the sensible approach :-)
I’m wondering where this is coming from. I own three AP’s so have been tracking the prices. Since the supposed softening was first mentioned here the asking prices, and selling prices, of mine have continued to increase. Selling prices for the Offshore Panda have gone up another £5k since the softening was first mentioned. Dealers may be offering less but they’re certainly not asking less.
I cant see 2023 bringing a drop on ROO divers as they were 15 or so in 2018 and have boosted recently with the clamour for the standard RO's.
Im seeing them at mid 20s for older models and mid 30s for newer, they might drop, they probably wont.
Offshore chronos are both higher priced and more temperamental ime.
Personally, id spend the money on Rolex, particularly if youre going to wear it and not baby it.
Can’t to the same conclusion two weeks back and shuffled my wait/wish list.
Love AP and would love to own one, but with the way I wear stuff I’m better sticking to Rolex.
I see the odd one or two at the £15 to £16k mark on Chrono24 without box or papers. Older models. Possibly too big a risk to take dependant on the seller of course. And based on location, maybe another 20% for import charges. Thinking I may buy a Deapsea in July (for around £10k I hope) and then see where prices are next year. I can sell that and another to fund the ROO. And wouldn't necessarily be a bad thing to be stuck with a third Rolex :).
Thanks for all the comments and suggestions...greatly appreciated!
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People can ask what they want for something but its true value is what someone is prepared to pay for it.
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