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Old 01-04-2019, 12:15 PM
 
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I own a Rolex, a men's Oyster Perpetual Dateadjust, two-toned in gold and stainless steel, with gold Roman numerals on the dial. It sits in a safety deposit box.

I bought it back in the early 2000's from a relative who was going through a rough economic downturn and wanted to sell it to me. He wanted to make a house payment and buy Christmas presents for his children, but also wanted to eventually buy the watch back from me. I gave him $2500, he gave me a watch with a cracked crystal and water damage on the dial face. He never returned to robust financial health, so I still have the watch.

I was cautioned that the watch needed to be worn so that it would remain in good working condition, so I wore it constantly, only taking it off when I showered. Even then, it stopped working less than two years in. I had to turn it over to a Rolex affiliated jewelry store so that they could ship it back to Switzerland for repair. The hilarious thing is that the clerk working the counter was suspicious that it was a hot watch, and he questioned me about whether I had the original receipt for the watch. Apparently, I'm don't look like a Rolex kind of guy.

A few months later and $850 lighter, I was again in possession of the Rolex. The repair facility had done a complete rebuild of the watch, replacing the water damaged dial and the cracked crystal. It looked as good as any new Rolex in the display case. Aside from showing it to the previous owner (who literally drooled over it), I put the watch away for safe keeping.

I had gotten into the habit of sitting down at my desk at work, taking off my watch, and typing on a computer keyboard for most of the day. There were times at 5:00 pm that I forgot to put my watch back on my wrist, and I went home with the watch sitting on my desk at work. Not a big deal when it was just a Seiko or a Timex, but could envision that if I kept wearing the Rolex then a member of the cleaning crew just might wind up with a really nice time piece.

For the year or two that I did wear the watch, only a few people actually noticed that it was a Rolex. I take that to mean that the "bling" factor of the watch is not as great as some would claim.

While I did appreciate the mechanical technology of the device, it did lose about five seconds a day or about 2 to three minutes a month. For some reason, this bothered me to no end, perhaps because my electronic quartz watches were all much more accurate.

Recently, I did find myself in a jewelry store, accompanying someone who was purchasing an engagement ring for his intended fiance, when I spotted a display case containing pre-owned Rolex watches. The asking price for my model Rolex was about $8000. My guess is that I could easily sell my watch for roughly twice what I had put into it. But then I'd have to explain to the previous owner (and close relative) why his son wouldn't be inheriting the "family Rolex".
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Old 01-04-2019, 05:28 PM
 
9,328 posts, read 12,200,495 times
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Quote:
Originally Posted by Mike Town View Post
Does anyone know? On the back of my Rolex there is a green sticker like a 25% moon on the edge of the back cover . I have also seen then on pictures of Rolex's anybody know what this green sticker is for?
There is a sticker on the back of every new watch regardless of brand. It will come off with wear, or just peel it off.

Did you buy the watch new or used? It's possible that some Rolex sellers might try to pass off the watch as new by reapplying the sticker.
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Old 01-04-2019, 08:41 PM
 
11,602 posts, read 19,797,022 times
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Originally Posted by Mike Town View Post
You do need to be careful where you wear a Rolex at.
I donít know about that. People donít really pay attention to watches anymore.
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Old 01-04-2019, 11:18 PM
 
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Originally Posted by Raise_the_Black_Flag View Post
yea it's a luxury good .. if you're worried about cashing it in after a job loss -- it sounds like you can't afford it. ( I bet most are in the sam boat).


Reads like something right out of the marketing brochure


He also wore a seiko at times. The good enough argument works well for a product like seiko since its inexpensive ...when talking about a 3000+ dollar watch not so much. Besides any celebrity endorsement is also met with other neg endorsements as well: Che Guevara loved his rolex ..the pain in the but guy at work who wears one etc. Not to mention the premise is flawed anyway. James Bond Elvis would be just as cool in his Rolex or Omega and has a lot more disposable income.

Personally I am looking forward to making my own history in my 75 dollar gucci.


3000 dollars for a watch doesn't break the bank :roll eyes:

Having said all that i would wear one at times if i were given one and probably enjoy a high end watch

Anyone who says they never had to worry about where to wear one, doesn't work where I work (and probably lead a sheltered life as well.)
James Bond actually wore a Seiko during the 70's and 80's, replacing the original Rolex. This pretty much proves that Seiko was a more valuable/desired watch during that time.

Rolex has barely even made anything new since the 50's. They are a joke in comparison to a true innovator like Seiko. It's all smoke and mirrors.
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Old 01-05-2019, 07:15 AM
 
346 posts, read 121,626 times
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Quote:
Originally Posted by OzzyRules View Post
There is a sticker on the back of every new watch regardless of brand. It will come off with wear, or just peel it off.

Did you buy the watch new or used? It's possible that some Rolex sellers might try to pass off the watch as new by reapplying the sticker.
Bought it new, I have never noticed a green sticker on anyother new watch I have bought.
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Old 01-05-2019, 11:00 AM
 
Location: Riding a rock floating through space
1,086 posts, read 287,563 times
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Quote:
Originally Posted by OzzyRules View Post
James Bond actually wore a Seiko during the 70's and 80's, replacing the original Rolex. This pretty much proves that Seiko was a more valuable/desired watch during that time.

Rolex has barely even made anything new since the 50's. They are a joke in comparison to a true innovator like Seiko. It's all smoke and mirrors.
What that proves is that the 007 franchise was caught up in the quartz revolution, when digital watches were the new craze. It certainly doesn't prove they were more valuable or desired, wtf did you come up with that? When I think of 007, I think Rolex and Omega - and I think pretty much everyone else does as well.
Aside from the extensive contributions to the quartz movement, which I agree is one of the biggest advances in watch history, I'm not sure Seiko came up with any innovations that were worthwhile, certainly not their pointless kinetic gimmic - which I think is the biggest joke in watch movement history. They make a solid watch at a reasonable price, they are the Honda of the watch world, but I'd hardly call them innovative. They don't even offer tritium tubes, they still only use lume which is useless after an hour or two in the dark.

Last edited by duke944; 01-05-2019 at 11:09 AM..
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Old 01-05-2019, 11:45 AM
 
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Quote:
Originally Posted by duke944 View Post
What that proves is that the 007 franchise was caught up in the quartz revolution, when digital watches were the new craze. It certainly doesn't prove they were more valuable or desired, wtf did you come up with that? When I think of 007, I think Rolex and Omega - and I think pretty much everyone else does as well.
Aside from the extensive contributions to the quartz movement, which I agree is one of the biggest advances in watch history, I'm not sure Seiko came up with any innovations that were worthwhile, certainly not their pointless kinetic gimmic - which I think is the biggest joke in watch movement history. They make a solid watch at a reasonable price, they are the Honda of the watch world, but I'd hardly call them innovative. They don't even offer tritium tubes, they still only use lume which is useless after an hour or two in the dark.
They were not just quartz. They have been making mechanical watches since the 1920's. To say that Rolex is somehow greater than Seiko is ridiculous. You have bought into a marketing gimmic like everyone else. Smoke and mirrors. I respect Seiko more than Rolex not for quality, they are both high quality, but because of their ongoing innovation.

I'm not a fan of their kinetic watches either (I used to own one) but are you familiar with their spring-drive?

But I agree with you about Omega as the Bond watch. I actually like Omega more than Rolex or Seiko.
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Old 01-05-2019, 12:12 PM
 
Location: Riding a rock floating through space
1,086 posts, read 287,563 times
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Quote:
Originally Posted by OzzyRules View Post
They were not just quartz. They have been making mechanical watches since the 1920's. To say that Rolex is somehow greater than Seiko is ridiculous. You have bought into a marketing gimmic like everyone else. Smoke and mirrors. I respect Seiko more than Rolex not for quality, they are both high quality, but because of their ongoing innovation.

I'm not a fan of their kinetic watches either (I used to own one) but are you familiar with their spring-drive?

But I agree with you about Omega as the Bond watch. I actually like Omega more than Rolex or Seiko.
I'm not caught up in any marketing, I haven't and never will buy a luxury brand like Rolex.
Spring drive is a total joke - they take a mechanical movement, govern it with a quartz crystal through a hugely complicated and expensive design and end up with a movement that is still way less accurate than quartz but requires costly servicing intervals. It is technology for the sake of technology, it's their pointless kiinetic idea on steroids. It is a total joke in my eyes.
Rolex has been around since 1905 and mechanical movements have been around since the 1700s, what are you talking about Seiko being an innovator for mechanical movements? Seiko sure as hell didn't invent the early hand wind watch, and here is a history of the automatic watch - nowhere is Seiko mentioned:
https://en.wikipedia.org/wiki/Automatic_watch
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Old 01-05-2019, 12:20 PM
 
9,328 posts, read 12,200,495 times
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Quote:
Originally Posted by duke944 View Post
I'm not caught up in any marketing, I haven't and never will buy a luxury brand like Rolex.
Spring drive is a total joke - they take a mechanical movement, govern it with a quartz crystal through a hugely complicated and expensive design and end up with a movement that is still way less accurate than quartz but requires costly servicing intervals. It is technology for the sake of technology, it's their pointless kiinetic idea on sterhoids. It is a total joke in my eyes.
Rolex has been around since 1905 and mechanical movements have been around since the 1700s, what are you talking about Seiko being an innovator for mechanical movements? Seiko sure as hell didn't invent the early hand wind watch, and here is a history of the automatic watch - nowhere is Seiko mentioned:
https://en.wikipedia.org/wiki/Automatic_watch
Even if everything you said were true (none of it is) it doesn't change the fact the Rolex WAS an innovator. That's past tense, as in, "in the past". They have been resting on their laurels since the 1950's. The only thing new they have come up with is the Oyster-Quartz. A "luxury" quartz movement which is basically a cheap ripoff of Seiko with a higher price tag.
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Old 01-05-2019, 01:12 PM
 
Location: Podunk, IA
3,031 posts, read 1,392,056 times
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Quote:
Originally Posted by OzzyRules View Post
The only thing new they have come up with is the Oyster-Quartz.
And they don't make those anymore. Didn't make many, either.
I think of it as the Rolex a really old guy buys because he doesn't move around enough to keep an automatic running.
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