Me & My Money Series (Sunday Times)

[sgd]

Hi Temperament
All rolex watches have international warrently.So those who sell in shop are AD except for pawnshop. The difference is local AD or non-local AD. It matters because those watches resale as local AD(eg THG) are price higher.
Back to your question, those sold at airport are consider non local AD.
Hi Shanrai
Yes you are right. They control their pricing and u can be assured your rolex watches will appreciate(price increase) every year.For the past 1 year they have increased their price twice!
It is also known as the crown of achievement,have you got yours?

me? I do not even have any active income stream, how will I dareto purchase 1? My most expensive watch purchased till data is less than $30

I don't trust watch as a sound investment product and will rather put money into the stock. I suppose that a watch collector should collect watches as a hobby and pride, and not as an investment.

it was broken when I got mine, something broke inside it had a worn out look a little bit rusted, somebody didn't want it anymore and gave it to me probably was the ugliest piece among his collection. I took it to repair paid $700 they fixed the internals and polish it up, now it looks much much better. The last I checked this datejust oyster model 16013 (I think) on ebay resale is around $2000+ for good to excellent condition.

Not bad for undervalued investment huh

If you are looking to buy that first rolex and I think resale market could have more choices that will suit your budget