[Joeaksa]

Originally posted by Capt. Carrera
The best watch is the one that leaves the most money in my bank account. Anything more is all about ego.

Well, after paying around $300 for my steel and gold Rolex GMT master some 30+ years ago, and its being worth $5500 now, someday I hope you are smart enough to have a terrible ego like mine. I have used it all this time and can make $5200 profit on it should I sell it, so I figure that if I can make a few more "terrible deals" like that I will be set. Oh yea, paid only $220 for my stainless GMT master in 1982, and its valued at over $2000 now, so it looks like I am still doing terrible on investing in watches.

Scott, if you know what you like, keep an eye on Ebay or Craigs list. I never pay list for anything and if you keep looking and have cash you can get deals from time to time. The key is to get the back opened and get it inspected to confirm that its real and not copy of the watch you want.

Bought my Daytona in Saudi right after the first Gulf war. 18k gold and with the complete gold (not leather) band, it sold for $16k new. Guy heading back to the states needed money to ship his extra car home and no one on the compound was interested. I gave him $3.5k for the watch and its appraised at $12k right now. These watches are given out by various companies to various govt officials as presents. The locals wear them for a while then sell them to local resellers for 30-45% of the list price. This guy had bought it there for under $10k and needed cash. No one else had it when he needed it so it worked out. Another "terrible" watch deal...

If you are at the right place and right time and can get the cash, there are times it just works out.

Joe A