Better $10k investment? a digitial fad watch or Rolex?

Discussion in 'Chit Chat' started by S2007S, Mar 13, 2015.

  1. S2007S

    S2007S


    cnbc goes to extremes with their articles now a days, and this was the headline, the best $10k investment an apple watch or a rolex, lets be sensible here, a digital fad watch or a rolex? Unless they are making a limit edition of say 5 then maybe a small 0.098% chance, but to think an apple watch is worth $10,000 out of the box is foolish thinking....the only thing different is the case, set that aside and the watch is the same $350 watch as all the others, no difference. So is that extra $9,650 really worth it. The answer is no of course. From what I have read apple has patented minimizing the volume of gold it uses in each of those watches...apple has been so excited about this $10k watch that according to the wall street journal "Orders for Apple Watch Edition – the high-end model featuring 18-karat gold casing – are relatively small in the first quarter but Apple plans to start producing more than one million units per month in the second quarter, the person said. Analysts expect demand for the high-end watches to be strong in China where Apple’s sales are booming."
    1,000,000 gold apple watches a month, this must be one of the biggest booming world economies we have ever seen if apple is going to be selling $10,000,000,000 worth of gold watches every single month. I really have to thank BUBBLE ben bernanke for all the trillions worth of QE he has done to make this happen, f it wasn't for those trillions none of us would be able to afford these $10,000 gold apple watches....


    The best $10K investment: Apple Watch or Rolex?

    Arjun Kharpal | @ArjunKharpal
    2 Hours Ago



    Apple announced its arrival to the luxury watch market this week with the $10,000 Apple Watch Edition.

    Social media and commentators went wild discussing the whopping price tag and whether it made sense for Apple to pit its 18 karat gold model against the stalwarts of the Swiss watch industry.

    Why would you buy an Apple Watch Edition over a Rolex? And has the Apple device now become an investable timepiece – like some of its luxury counterparts?

    Watch experts said the Apple Watch is lacking any history and despite the exclusivity of the Edition model, it is still a mass market product.

    "You are talking about a mass product and on the other hand exclusive watches which are crafted by one person making the piece. It is a different market," Geoffroy Ader, managing director of auctioneers Antiquorum Online, told CNBC by phone.

    "My feeling is that it is difficult to predict if it will retain its value. As soon as this one is produced and distributed, engineers will work on the Apple Watch 2, Apple Watch 3. Do people collect iPhones? No."

    The Apple Watch edition has an 18 karat gold case with different straps and was unveiled at a launch event this week. The electronic part of the watch is same as the cheaper $350 aluminium model, but the higher price is down to the inclusion of the precious metal and aim of exclusivity.

    Bernstein projects 7.5 million units of the Apple Watch will be sold in the second half of 2015 and 20 million sold in 2016 though the Edition models are expected to sell significantly fewer units, and analysts have said that if Apple's device does well then it will boost the overall smartwatch market.

    Experts have said that the Apple Watch will likely eat away at Swatch's market since they make watches at a lower price point. The Swiss company responded by unveiling plans on Thursday to bring out a smartwatch of its own, but not with the full features of companies like Samsung or Motorola.

    Apple vintage market?
    Analysts aren't concerned that the Apple Watch will hit high-end watchmakers, but will in fact be complementary for collectors of luxury Swiss watches.

    "I'm sure collectors will have their favourite watch on the left hand and the Apple Watch on the right hand," Geoffroy added.

    But essentially the Apple Watch Edition is an electronic device, and watch experts fear the outdated software will make it redundant, unlike a mechanical Rolex. But they aren't ruling out a collectors' market for the smartwatch.

    "Will Apple's 50 year old watch still have software that is compatible? If Apple release 20 different updates, who's to say that will work in the future?," Lloyd Amsdon, co-founder of Watchfinder, told CNBC by phone.

    "In 50 years' time who's to say there won't be an Apple vintage market? I could end up in a nice watch collection but has a niche collectors value."
     
  2. dealmaker

    dealmaker

    Considering that a 1976 Apple sold for $671k at a German auction, I'd have to go with the Apple watch in terms of investment....
     
  3. Max E.

    Max E.


    I wanted to figure out if an old rare rolex would be just as valuable, it appears your right the Apple trumps the rolex for now. If you had the two from the same time period. That said id still go with the rolex over the iwatch.



    Top 4 Most Expensive Rolex Watches In The World


    4. James Bond 1973 Rolex 5513: $450,000
    [​IMG]

    If this watch looks familiar to you it’s because it belonged to Roger Moore when he starred as James Bond in 1973. In the film this watch features a razor disk and a magnetic field generator, which are functional features of this piece.

    This watch was sold for $450,000, a small price to pay for owning James Bond’s watch.

    Most Expensive Rolex Watch Sells For $1.176 million
    3. Rolex GMT 116769TBR: $485,350
    [​IMG]

    If you want your wrist, frosted with diamonds than the Rolex GTM 116769TBR may be the ideal timepiece for you. In addition to the 76 diamonds surrounding the body, the case itself is made of 18 karat white gold. Plan on going diving with this beauty? Well good thing for you it’s rated up to 100 meters, although I think most fish would be scared away by the shine this watch emits.

    2.Eric Clapton’s 1971 Rolex Daytona: $505,000
    [​IMG]

    Are you a fan of the English singer and songwriter Eric Clapton? Most fans opt to pay a pretty penny to own one of his guitars however, Clapton’s gift for inflating the prices of things he uses translates to his watches as well.

    This watch normally sells for around one hundred thousand but because this one was touched by the English rock legend himself, you’re looking at paying closer to $505,000 to own Eric Clapton’s 1971 Rolex Daytona.

    1. 1942 Rolex Chronograph: $1.17 Million
    [​IMG]

    With age comes wisdom, sure however age also adds value to most things. This is especially true for the 1942 Rolex Chronograph which was estimated to be worth around six hundred thousand dollars but auctioned for a whopping 1.16 million dollars becoming the most expensive Rolex to ever be sold.

    One of only twelve ever produced, this piece was given out as gifts to famous race car drivers in the UK and Italy. The watch features a split second chronograph which was ideally suited for drivers who needed to keep track of their lap times. To this day the 1942 Rolex Chronograph is the only split chronograph ever produced by the company.
    http://dailynewsdig.com/top-4-most-expensive-rolex-watches-in-the-world/