They may appear overpriced, yet represent excellent value for money, with a future residual higher than its original purchase price. Better than money in the bank and something to enjoy whilst appreciating.
Rolex are overpriced (if you take into consideration production cost vs retail), but so all most (if not all) luxury brands.
They may appear overpriced, yet represent excellent value for money, with a future residual higher than its original purchase price. Better than money in the bank and something to enjoy whilst appreciating.
Yes they are expensive but the cost of ownership is cheap /free.
I bought a used Explorer a few years ago, I could sell that today and probably make £400 profit.
The problem with the question at the heart of this thread is that "overpriced" has several meanings.
Are Rolex watches or Chanel bags or Mont Blanc pens overpriced in terms of utility? Yes, they are, because you can tell time just as well with a plastic Swatch, carry your stuff in a Tesco plastic bag, and write with a BIC ballpoint. The same would apply to approximately 99.999% of the watches that appear on this forum.
Most of us are happy to pay for a little more than basic utility in most of the things we use, though. How much more depends on how much we can afford and the perceived value, image, quality, return on investment, or convenience the extra buys us.
Are Rolex watches or Chanel bags or Mont Blanc pens overpriced according to the market pricing? Clearly not, since people buy them in large numbers. They'd only be overpriced in this sense if they were priced high enough that there were fewer people willing to pay for them than they wanted, or were able, to sell.
Not when I'm selling one.
I mean if you look at the price when they first came out and take into consideration even inflation and other aspects, then yeah it's definitely overpriced. The same could be said for property in London.
I've never seen a Rolex I thought I'd like to own regardless of the cost to be honest but surely if they were truly overpriced they wouldn't sell would they?
Since there are waiting lists for most (all?) models and a huge number of threads on here and elsewhere about buying, owning and flipping them, they must be priced 'just right' new or second hand.
In my opinion they are priced at what the market will pay so not overpriced at all.
I think they're both overpriced and underpriced in different senses. Technically they must be underpriced because at the moment demand is far outstripping supply but at the same time...
Hasn't a Rolex become a bit of a posers watch?
Not the enthusiasts, but in general?
I respect and quite like Rolex for their aesthetic and technological design, but I wouldn't want to be seen wearing one if you gave it to me. My family, friends and co-workers would think I was a bit of a show off. I'm just an ordinary guy. One of the pleb masses, who can just about pay the rent and put food on the family table. There are millions like me, but I like watches.
And here we reach the magic post number 250 and await the decision to ban or not.
Last edited by Tiny; 25th July 2017 at 21:44.
At the risk of being provocative, this thread has lead me to reflect how much the Rolex brand is tied in with money - unlike almost any other watch brand. Most Rolex are of course bought by non-WIS, more or less as status symbols, by people who probably have no interest in watches at all, or whats in the case (or possibly can barely tell the time!!) but as a way of displaying that they've got money. Even Rolex owners on here (should we call them the RWIS??), who no doubt appreciate the innards and engineering of their watches, seem very proud that their Rolexes are a good monetary investment. This doesn't seem to happen so much with other similar brands (Omega, Breitling), let alone the seriously expensive craftsman made brands. Just a thought....
You're only a show off if you show it off. Most of my family and co-workers don't know or care what watch I'm wearing. I had some nice spotty socks a co-worker commented on the other day but nobody has ever mentioned my watch. I've shown my watches to friends who also wear similar brands but I've many that don't wear a watch so with them I've not shown or even talked about watches.
Watches are a bit like shoes, those that buy expensive ones tend to notice other people's, those that don't, don't.
If you're avoiding buying or enjoying something based on how other might perceive you that's unfortunate and you're missing out because 99% people won't ever notice your watch, and those that do wouldn't care.
Are rolex over discussed?
How long is the bandwagon?
Does anyone use search anymore?
These, alongside many more questions, that hardly need answering.
^^^^^^
Pardon?
Totally, considering they have such a high supply
😆😆😆😆😆
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I suppose another approach is to say that if YOU think Rolex are overpriced, then they are. However, if on the other hand YOU think they are fairly priced, then they are indeed fairly priced.
Do you really care what the others think.
Tiny loves a bit of a wind-up.
Unfortunately supply and demand will always put some things at a premium. And some brands will always seem expensive to some even though their quality is probably among the best. There will always be people who buy for investment only, but they may still be enthusiasts as well.
Last edited by oldoakknives; 26th July 2017 at 23:28.
Rolex aren't thick.
They produce a gazillion models which langguish in AD's windows and a few which are harder to get than a three course meal in a third world country.
Works for them.
Last edited by sarky; 26th July 2017 at 21:25.
Everything seems overpriced these days, i must be getting old !!!
Rolex is overpriced with respect to its quality. Finishing and quality control are not at par with other watches priced the same. Misaligned bezels, varying cyclops magnifications and dust under crystal are not acceptable in this price range.
For instance JLC, Blancpain, Ulysse Nardin and Glashütte Original are in a completely different league when it comes to quality.
They are. I am still on a waiting list though :-@