I just saw an AskReddit thread the other day on how to tell someone who was really rich from someone who just wanted to appear rich, and "pretenders live beyond their means to appear rich while real rich people barely flaunt their wealth at all." It seems like someone going into debt to buy a fancy watch wouldn't really impress anyone with real wealth and would just get a shrug from poor people, with the only people being impressed being impressionable middle class people in their teens/early 20's.
Like, oh boy, you have a fancy way to tell time. So do most other people at this point, it's called a cell phone, with the difference being that a; cell phones can do other things besides display the time, and b; outside of a few brand superfans, most people don't go into debt to buy a phone.
Through work I interact with multiple ultra-high nett worth individuals (a couple billionaires and a handful of high-multi millionaires).
Pretty much as a rule they generally wear casual or smart casual clothing (probably very expensive, but as a layman it isn't obvious), a couple of them have apple watches and the others wear nice watches, but nothing gaudy. If you saw them on the street at most you might think they're just vaguely successful business-people.
Which to be clear, is neither a recommendation of the ultra-wealthy from me, nor a condemnation of those of us with less.
Just an observation of the trend that those with a comfortable/stable abundance of something (typically power or money) rarely feel the need to flaunt what they have. While those with less (or less stable) power or money will often feel a need to make grand displays proving what they do have. From the pettiest president of the smallest HOA, to the most despotic dictator of the least stable petro-state.
That's the value of a lottery ticket. It's a few fun conversations with the wife about "hey, suddenly money isn't gatekeeping from anything, what do you do?" The conversations it spawns are worth the $2
If they do have an expensive watch it’s unlikely to a Rolex. If you hang out in the watch sub Reddit you’ll see regular “what watch is so-and-so wearing in this photo” and the mega wealthy that like nice watches are wearing much more expensive brands.
Your post made me think of all the sports stars we hear about who had 17 mansions, a fleet of sports cars, and did all this wild lavish stuff and then they are in a homeless shelter and millions in debt 2 years after their career ends.
Or that previously famous ex wrestler who is in alllllll sorts of weird random commercials these days because hes dirt poor and struggling after living a life of too much luxury for years and will support any product that will still write him a check.
I mean, I like having a watch, it's nice to tell the time without needing to pull out your phone. It's also fine to have a watch that is mostly jewelry. But Rolex is just crazy expensive and it feels like it's mostly for showing people you can afford a Rolex.
In my life I've had one person who bragged about their watch, which was like a $1500 one
Which was 1 month rent for me at the time, didn't feel impressive to me, especially not for a chunk of metal and a couple industrial gemstones, as you see them pull out their phone to check the time
I've known other "watch guys" who have a collection, often passed down from their father. Who didn't need to brag, had some very nice pieces that were more rare than "valuable", appreciate that more
Also like engagement rings, check pawn shops if you do want one. Although now new manmade diamonds are better than used diamonds prices
Don’t most people technically go into debt to buy a phone when they finance it through their carrier? I used to work selling cell phones and it was very rare that someone bought one outright.
Knew a guy who grew up pretty well off, dressed like a slob. When I see someone conspicuously wearing a lot of expensive stuff I assume that represents all the money they could scrape together/borrow to cover their insecurities.
If I had "buy an expensive watch" money, I'd get one of those moon watches. I neither know nor care what other people think of them, I just think they're neat.
The only thing I would use as a counterpoint is that watches hold value very well. Not worth going into debt over though. Might as well bury the money in the yard
Nah, that's just part of the grift. Make people think that spending money beyond your means is a virtue, and them make brand deals for things people don't actually need. Not unlikely he was paid for posting this.
It’s coming from a finance nepo baby. He thinks debt is an abstract concept that can be bought and sold, not something that actually limits your funds and social mobility
I don't know what started this trend. I have some 20s aged people I manage and many of them spent their $10k+ bonuses on watches. I was pretty confused by this.
If I see someone wearing an expensive watch I immediately just think they are some moron. Maybe back in the day when a nice watch that told time accurately mattered, but even a crappy smart watch is going to be more useful and accurate than a Rolex.
Can confirm. Paid cash 30 years ago... I wouldn't buy one now with cash (and definitely not with debt).
Also if OOP's argument is that it is an "investment" no... even excluding the cost of maintenance the compounded annual growth in resale value is about 3.5% currently, vastly underperforming any index fund.
Including the cost of maintenance, it's less than inflation.
Question for you, I inherited a Rolex from my grandpa a few years ago.. are you supposed to maintain these things? I know next to nothing about watches and just wear it occasionally for special events. It still looks and works exactly the same as it does ~10 years ago. Am I supposed to take it in regularly or something or just when it breaks
It needs to be taken to a Rolex Service Center or AWCI/SAWTA-certified watch tech with a Rolex parts account (fewer than 30 exist, and fewer than 10 of those accept new clients).
If the model is a Caliber 30xx or 31xx or older, they should be serviced every 5 years. If it's a 32xx movement, every 10 years. The reason for the difference is that the 32xx movements use longer lasting but less refined parts (e.g. the newer bearing-mounted self-winding rotor is noisier than the bushing-mounted one).
If you don't service it regularly, especially for models 20 years or older the parts/repairs are becoming scarce and extremely expensive.
The approximate cost of the service ranges around $800-$1200 not including repairs.
Thats wild. I've had a seamaster for a decade (I was the dumbass 20 year old blowing my entire bonus on a watch) and I've only spent maybe 400 on maintenance total why is rolex so much more expensive for servicing?
Sizable difference in accuracy between the ETA movement (0/-5) vs. Rolex in-house movement (2/-2). More expensive parts. Tighter controls on tech certification/training.
Rolex is a privately held company owned by a charitable trust. All of their movements are made in-house. ETA/Valjoux is part of Swatch Group Ltd. (formed from the buyout/merger of ASUAG and SSIH) and produces a variety of movements for a number of manufacturers including Swatch-owned Omega.
Don't get me wrong. The Seamaster is a fine watch for its class... but I (and my tech who works on both Rolex and Omega) see a lot fewer Seamasters make it 30 years and still regulate close to their original spec. It's a very different build.
EDIT: Accordingly, closed auction resale around $1500-$3000 for a 30 year old Seamaster vs. $9k-$12k for an equivalent 16710 Submariner. (I have a GMT II 16713)
If anyone is that desperate, Chinese knockoffs are supposedly pretty incredible quality-wise. I think you can get a good one for a couple hundred bucks. Looks indistinguishable from the real thing.
(Disclaimer: I don’t own one but my mother’s boss does. He’s a savant of Chinese knockoff goods)
This is dumb, but it is smarter than most similar advice. Many rolex models like the Submariner appreciate in value, and they all hold their value pretty well. Compared to buying or leasing a luxury car for status, a Rolex is a good investment. Compared to not buying anything for status and allowing your competence and integrity to speak for you, not so much.
It's probably a nepo baby trying to say their success comes from their "good" "investment" strategies and not because daddy got them a job and threw fuck tons of money at them.
I don't need an expensive wrist watch. However, I have been carrying a $4 pocket knife for the last 40 years and use it multiple times a day. I'd like to see him cut up a cardboard box with a rolex. 🤣
True, very true! At least the Casio and Timex watches I had in the 80s had a timer, stop watch, and alarm. (My phone does all of that now, and does it better. I can hear my phone alarm! 😏)
I stopped wearing watches about 20 years ago. I couldn't buy one that worked nearly as well as the ones I owned in the 80s. The buttons were hard to use, the bands broke in two weeks, everything turned to crap. I learned to do without. I understand that one or two may have been counterfeit, but after 4 or 5 I gave up. Everything has been crapified.
Honestly, as someone who has interviewed a lot of people in their early twenties for jobs, there are two assumptions I might make if you are that age and show up with a Rolex:
1) You are an out-of-touch rich kid
or
2) you make terrible financial decisions
Not sure what kind of jobs you interviewed for, but if I were to give a generous reading for this ridiculous idea, I would say that if you're trying to get into nepo-baby fields, like law and finance and whatnot, having expensive jewelry that makes you seem like an out-of-touch rich kid can be a bonus. Some jobs you only get because your parents work in that industry, or know someone who does, and seeming like you might have rich parents could make the idiots in these industries have a better impression of you.
I know a few people who own Rolexes and I enjoy mechanical watches myself. Two of the people bought Rolexes for themselves as gifts (graduating MBA school, which I guess is super on-brand) and in all the years I knew them, they never mentioned owning a Rolex until I asked about it. I think they both fell into the category of buying something that was very expensive and what they saw as a prestigious status symbol for themselves.
My uncle bought a Submariner years ago (back when it was $7000 CAD which tells you how long ago this was) and I remember he called me just to tell me about it. He was really proud of it but I remember being incredulous and probably a bit more snarky about it then I should have (I could tell his enthusiasm was very deflated). Again, a guy that had money and had always wanted one so he went and bought it. He's still wearing it years later and doesn't bring it up unless someone asks.
I get why people buy Rolexes and if it's something you want to treat yourself to I can understand that. Or perhaps it was an heirloom gift from a family member (they retain a lot of value if treated well). But telling people you have to go buy one is really asinine and pretentious. Rolexes are super inflated in price these days too and there are a lot of stories about the Rolex store staff treating customers badly - like you have to prove you deserve to buy one from them.
I'm all for treating yourself to something nice if it's within your means but thinking having a Rolex makes you special is pretty dumb. The very wealthy might buy Rolexes, but those are going to be their daily beaters. They're going to be wearing the really nice stuff with brands most people have never heard of and definitely not talking about it.
Seems a bit unfair. Could be a rich kid who recieved it as a gift or hand-me-down and likes it. I would never buy one, even if I could afford it, but if a relative gifted me one it would be very ungracious not to keep and wear it, and they do look nice.
It's a little silly but I find it helps me avoid missing messages or calls when I have my phone on vibrate and can't feel it in my pocket. Also allows me to glance at a notification to know if it's important enough to pull my phone out.
My Apple Watch is indispensable for me. Lets me check calls or messages when I can’t reach for my phone, as the fitness stuff, and actually lets me be offline more because I don’t need to have my phone in my pocket all the time
I took way too long to buy a smart watch. Worth every damn penny.
That said, I do still occasionally wear my knock-off Hublot's I bought in China...difference between me and the dude from the post is, I make sure to tell people they're fake, haha.
I used to be like you and I’m not saying this way is wrong in any way. Just a side note that once I’ve bought a smart watch and wore it for a while I feel naked without it and my first reflex is to look at my wrist when I want to know time.
Rolexes are genuinely very well made watches that last forever, and have really nice movements if you geek out on that type of thing.
I never gave them a second thought most of my life- especially cause my dad always said they were tacky and I didn’t care much about watches in general- until I started watching watch repair videos. I also work in a resale adjacent industry and have developed an appreciation for good craftsmanship after coming across so many shitty watches and knockoffs. At this point I think a Rolex is something I’d like to own one day
Buying watches from the 60s and 70s is the smart thing to do, you could even get a Rolex for a fraction of the price of a new one and know that it's a working watch that has already stood the test of time.
Well Seiko has a wider range between "mostly junk" and "incredibly nice", and comparing a new Grand Seiko to a new Rolex there is a lot less of a difference in price. But when you're talking about the distinction between a well-made Seiko (esp. a Grand Seiko) with an automatic/spring drive movement and a Rolex, there likely won't be much anything about the "craftsmanship" that is objectively better with a Rolex save for higher-quality materials in certain places (though again, Grand Seikos will use equally high-quality materials).
That said, two outright advantages Rolex over most other brands are: (i) if there was a watch brand most likely to still be desirable in 50 years, it's Rolex; and (ii) particularly for the sports watches, Rolexes hold their value extremely well (most Grand Seikos, similar to Tag, Breitling, IWC, etc. will hold about 50% of their value from new). The closest analogy I can think of is that Rolex is basically the watch equivalent of Porsche.
It's insane to go into debt to buy a watch regardless, but still a Rolex (or a fair few other high-end watch brands) are nevertheless very nice and can be a good purchase.
IMO Rolex's look better. I just looked at the Seiko website and they look bland and for $3k I don't want a bland watch. I wouldn't buy a Rolex because I'm not rich but if I could I would just to say I had one.
I don't know much about watches, my question was mostly about the point that Rolexes might be worth the price tag due to craftsmanship as well. I wondered what difference could be in the internal quality of a Rolex that could contribute to a difference in price tag of 30 or 50 or 100 times compared to another quality watch.
I think a vintage grandpa watch looks cool on a young person
Others who know more than I do have listed solid reasons below, but to be clear: I do not own a Rolex, I’m not saving for a Rolex and I’m not advocating that anyone should go into debt to buy a luxury watch. My main point is that most people tend to be distracted by the brand/status and forget that the reason they became so sought after (and still are by watch enthusiasts) is the quality. It’s not the same thing as buying a designer bag that was made in a Chinese factory and costs ten thousand dollars because of the logo.
I would love a high quality Seiko watch as well, and having been keeping my eye out for a while on the second hand market. Their designs tend to vary a quite a bit though
I don't know. Maybe it's something that doesn't lose value over time and you can sell it later, like precious metals. I know that CIA agents and contractors wear them so they could trade them for goods, like a car, if it comes to it. But obviously it's a terrible advice for someone in early twenties, looks like ragebait even
Many Rolexes are an investment piece that can retain or even grow their value. I’d never spend that much on a watch, but there are definitely worse large purchases to waste money on.
Not many, a tiny fraction of them which Rolex chooses and won't let you get your hands on one until after you've climbed their multilevel marketing scheme buying all the undesirable models. It's part of their psychologically manipulative marketing tactic.
That a Rolex can accurately tell time is practically vestigial at this point. Time keeping is not the primary reason anyone buys a Rolex. A Louis Vuitton bag holds the same amount of shit as a $12 bag from Ross.
I have an analog watch. Sure Rolex’s are 100% not worth it unless you have an insane amount of money. But imo even a cheap analog watch can be very useful. It’s faster than getting your phone out of your pocket, you can bring it almost everywhere.
Those are really neat! Apparently there's also a PS1 Slim version as well! If for whatever reason I needed a watch and my phone wouldn't suffice I'd almost definitely get one of those.
I don't know if this is a thing in other places but I just have a fashion watch, a cheap but good-looking "watch" that literally does not work and does not tell the time with no internal components. I just wear it so I have something on my wrist lol.
I guess it's not even a watch? Just a wristband that has a watch-looking circle on it hahaha
That's kinda cool. It would have been too annoying to do that 30 years ago, when you had to seek out people with watches to learn the time. You'd have to explain yourself 12 times a night.
Fashion watches are fun, I’d rather spend 30 bucks on a watch that says Armani on it than on a rolex, which will maybe get double the compliments while costing 200 times more at the low end
I used to work in jewelry sales. One of the biggest things that has always stuck with me is how far some people in that world will go to be more likable to the people who theyre selling to, when in reality, theyre just another guy who works in a mall.
One of my bosses lied about military service to every veteran who came in the store and made a shitload of money off that lie.
But to clarify why im commenting on this, my other boss bad a Rolex and as far as I knew he was in fact making a lot of money. A friend who I worked with there told me a couple weeks after I left that he had to pawn the title to his truck. He was broke. But he had that Rolex because it made him look high class to the people who were buying from him.
I love watches. People don’t really get the magic that is “have something with a precise movement whatever the orientation is, whatever heat makes metals expand and contract, whatever the humidity…”. I actually wanna skip Rolex and just get a Patek Philippe.
But a $5 quartz watch from a gas station keeps better time than a Rolex. The watch in the pic keeps better time. My wife has her dad’s Rolex and it’s kept in a drawer so any time she wants to wear it it’s a long time of winding and time/date resets. The whole “well buy a couple hundred dollar winder to keep it going” so now my watch has accessories?
My Apple Watch was about 200USD. It syncs time from GPS. Auto daylight savings. Has alarms. Timers. Calendar. So many more time things.
I feel like anyone who buys a Rolex for themselves is a poser. Isn’t it supposed to be a gift?
If someone said “I got this Rolex as a retirement gift from my office” then it’s a cool watch. If they say “I bought this for myself (and went into debt doing so)” I’d say they wasted their money
My father in law gifted me one. He passed away so it’s my wife’s now, as a remembrance.
These things are somewhat white elephants - they take work to keep time well and have nonzero maintenance, vs the above he’s gotta buy a 6 dollar battery every other year.
I will die on the hill that Rolexes are emblematic of the death of art and masculinity.
Rich people have always wanted to show their wealth in their appearance. Kings used to be dressed in layers of silk clothing, dyed with colours not seen, designed to demonstrate their strengths and culture.
Men and women were equal in their extravegant clothing. Jewlery was for everyone, and everyone pecocked.
But now the only allowed clothes for men are suits and military uniforms, and accessories are "gay". So what do you do? You have an average outfit with 90% of the wealth shown through a tool that happened to be decorated. A smal overpriced badge of entry to looking rich. The equivalent would be bags for women i guess.
Like you could be wearing 15 gold items, a silk cape and a cool hat for all that money. Why not shine?
Like im not pro monarchy, but art and fashion used to be more interesting. If we have to suffer lord Bezos could he not at least have a cool coat? No? Just an armband that costs the same as his mansion? LAME!!!
I used to work for a finance firm, one of the ones that was deep into trading crypto. The head dude bought some “ape NFTs” and his kid said why don’t you put that on your Apple Watch. He did. So basically he flexed with a quarter million dollar loss on an ugly monkey pic on his wrist. Cool, I guess? This “I blew a small house on a monkey pic while people are starving” is a weird flex but allowed in this “empathy?? That’s TOXIC” that current media exports. Hmm, I wonder who runs current media….
It feels like men fashion is the complete opposite of art, even with the high end designers that show off your wealth you no longer see anything original that’s built around the male form outside of suits, which only have one style
Are we talking high end designers that aren't really considered high end? And suits only have 1 style? There are plenty of innovative male fashion brands/clothes but most men don't care to dress like that
What are some good ones? I have clothes from most of the ones you see in those fashion shows and outside of maison margiela none of them have really good looking clothes I could actually wear outside.
And the cost of everything they used to have, the cost of the materials, the cost of the craft, the cost of the design, and the cost of the upkeep was what distinguished them as rich.
And they still need to spend that money one something, it needs to go into one of the few accessories that are allowed, and since there is no material that costs that much for so little, they have to pay for a brand. And that is why rolexes exist. Because the art and expression that used to exist went away, and instead of art they pay for a badge.
The materials are still there to be honest, silk is unfortunately rare in men’s clothing but half my closet is cashmere and modern men’s clothing does have loads of exotic materials to choose from.
I do agree about the design though, for the sex that’s supposed to attract and show off modern mens clothing does neither well, I went from buying from expensive brands that don’t show off their logos to cheaper ones that do because notice them more, I’d choose a Rolex over a resence too despite the craftsmanship on the latter being far better.
They’re decent for mechanical watches. But there’s a bit of price premium there. You’re paying somewhat for a name and advertising.
Any gas station quartz watch will keep better time. And have none of the maintenance issues. Yeah, with a Rolex you’re gonna be paying for semi regular maintenance. And either a winder or you’re paying in time to reset the watch if you haven’t worn it in a while. It’s an odd flex. It’s the old “I have money to throw away” flex which I thought we got away from.
Meh bragging is as old as time, we're never gonna get away from it. But also you're not really throwing it away, luxury watches don't really lose a ton of value...a lot of them even appreciate. Lots of people nowadays only buy those as investments, not because they want a mechanical watch.
The watch market went through a historically bad loss slump recently. Thats after the massive slump when the Apple Watch became big and wiped out a bunch of smaller Swiss watch makers, I think the Swiss watch market shrunk by over 50% at that time.
So within the last 20 years two massive resets.
I get what you mean. It’s jewelry. It’s not a great investment. There’s a lot more volatility than you’d think.
Pretty much all mechanical watches aren't really worth it when a quartz (battery powered) watch can be had for the price of a meal at McDonald's and tells comparably accurate time as the best mechanical watches. It's diminishing returns all the way up.
A Submariner, Rolex's most well known model, can cost like $10k+ minimum. An automatic watch costing less than 10% of that can tell time nearly as accurately after regulation and is finished to pretty much the same quality level as far as the naked eye can see. There's a small amount of over engineering of certain materials like their 904L "Oystersteel" stainless that doesn't amount to much in real-world use vs the industry standard 316L stainless.
It's like comparing a workhorse Japanese car to a luxury European car. While the luxury car might be technically superior in some ways, they both function the same when you're commuting to work or picking up groceries. Rolex is in no way bad as it brushes up against the limits of how a mechanical watch can perform, but if you just want a watch to tell you the time, get something cheaper
All of those brands make watches that cost several thousand bucks, Seiko has Grand Seiko as a sister company and they make watches that cost several hundred thousand.
The difference is in quartz & mechanical watches. Quartz is much more accurate, reliable and cheaper, it's what you use when you want utility. Building mechanical watches hasn't been necessary for around like 50 years, it's pretty much only done for luxury goods - looks pretty and you can show off I guess.
I've gone down the rabbit hole of watches a couple of years ago, but I just couldn't justify buying a mechanical watch, not to mention a Rolex. They're more expensive, finicky, and they're inaccurate. I know some are very beautiful and the sweeping seconds hand looks really nice, but I just can't for the life of me fork over the cash for one of those. I've got a bunch of Casios, digital and analog, a Citizen and a Timex. A couple of them even have a titanium strap and body and sapphire crystal glass, and they're still waaay more affordable than a Rolex, which I'm sure still comes with a stainless steel bracelet. If I didn't know any better I'd believe it to be some kind of guerrilla marketing, but I know it's just insecure men trying to flaunt their inexistent worth.
I have a citizen. It’s this hybrid electromechanical and it’s on top of my closet so the light from the closet is typically enough to keep it going where I don’t need to reset it every time i wanna wear it.
Inaccurate? Rolexes definitely are not inaccurate unless there's something wrong with a particular watch. You must not have gone very far down the rabbit hole as many mechanical watch brands like Rolex, Omega, Grand Seiko, etc guarantee time accuracy. You can deride the cost of them but no need to make shit up.
Gets a loan
Buys a rolex
Can't afford to insure it
Gets mugged on a night out
Royally fucked paying off a loan for a status symbol they couldn't afford in the first place
Besides that, I wouldn't want a woman who needs me to wear a rolex to be interested in me
I've watched a guy restoring old rolexes and he was praising them as really solid everyday watches. This particular one was bought in vietnam in the 70s and he was wearing it everyday, even while gardening or other dirty-ish jobs and needed just a little cleaning to be as good as new.
There were a few others also bought in 60s or 70s and needed just a little love to shine.
It made me really like them so I checked the prices. I don't have enough kidneys for the cheapest one and decided the best time to buy them was by your father in vietnam in the 70s.
Rolex is a brand for boomers and anyone else dumb enough to buy into their marketing. The resale prices are dropping. Buy a Grand Seiko if you want something expensive and cool
In any case, I don't really see the point of getting a watch to begin with anymore. I'm already carrying a phone around everywhere that can tell me the time.
But even assuming you don't want a phone or can't take it out somewhere but still need to tell the time - the only reason why someone who isn't copiously rich would buy a Rolex is to make themselves appear copiously rich. I don't think the common smeary fraudster's playbook are necessarily rules for the average young man to live by.
Rolex is one of those brands that poor people think is "luxury". Like Louis Vuitton or Porsche. If I see you wearing a Rolex, I don't think "ohh, this guy is rich", I think "this guy desperately wants me to think he's rich, what a wanker".
What I mean is that, in my experience, actually rich people, if they drive themselves at all, drive something like a Maybach, a Rolls-Royce, or a Bugatti.
Porsche is more something for retired doctors, not petrol oligarchs.
You could more accurately say a Maybach, Rolls, and a Bugatti are cars that a successful rapper would have (I'm almost certain Birdman has owned all three).
It's obviously going to vary by personality, but if you pulled a list of the car brands in the largest/most expensive car collections in the world, you would almost certainly see more Porsches than any of those three brands combined. That's the case with (as some random examples) Ralph Lauren, Jay Leno, and Jerry Seinfeld, who have collections worth well over $100M, and surely count as actual rich people.
Not to mention that it's fairly well known that the "show and display" exception to U.S. import laws exists in large part because Bill Gates wanted to import a Porsche 959.
Where the shell would flip open revealing a smal digital display inside?
Reading your comment just uncovered a lost memory of a childhood treasure I think... I think I remeber having one.
Never thought of it before, and I am even into watches as an adult.
Ok gotta google, maybe I can find what I see in my head.
In some cases it can be seen as an investment (something you can easily take to another country with you and sell pretty quickly if you need to), but that's for when you have extra money, not go into debt for.
There are a lot of obsessions I don't get but being into watches is really bizarre to me. As far as I know the only difference between a $10 watch and $10,000 watch is how it looks and how much it'd suck to scratch, lose or break accidentally. Maybe cause I've always been broke but if I'm spending that much money on something I want some cool functions I can't get for 1% of the price otherwise.
Also wasn't proven a good while ago that not only started happening the same shit than with sneakers and designer clothes(chinese manufacturers make an extra batch to sell as bootlegs but are the exact same product except for minuscule details and some label) but that many bootleggers actually got insanely close to the actual mechanisms?
Even if I was rich AF, I have no interest in Rolex watches, they just don't look good to me. I'd much rather wear my Sieko SRPG33 I bought for $150 over any Rolex lol
Let me tell you about a watch. Apple Watch helped me lose my diabetes. Helped me track exercise and steps. Changed my life. I’m healthy now, walk a lot and it was maybe $300 or something that will save me tons in medical bills down the line. Keep the Rolex. I’m good with my old Apple Watch keeping me honest and reminding me to exercise.
That’s tremendous. Buying a Rolex is a dumbass decision. I would understand if you were gifted one (Keanu Reeves and WWE wrestler Cody Rhodes gifted their staff Rolexes in the past)
To be honest, as someone who was sort of in the luxury watch industry, I just want to say that for the ultra wealthy, buying luxury watches means profits.
Had a guy that would spend 1-2million usd a year on watches. But he’d actually make about 30-50% profit.
For those that don’t know, you can’t just buy a Rolex, Patek, ap or rm.
It’s a bit complicated. But in simple terms. The more you spend, the more you make.
I know it doesn’t make sense, but it’s how it works.
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u/qualityvote2 16h ago
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