Tuesday, November 23, 2010
Why I Collect Rolex watches
I am often asked the question, "why you get Rolex watches?" At times I wonder the same thing! So I got after a "FAQ" about Rolex watches, and my interest in them.
Rolex watches are extremely expensive! Why do you collect?
You certainly will hear no objection from me about the criticism about the price of Rolex watches. When I started collecting watches many years ago, the idea of buying one, let alone a pair of Rolex watches just does not seem possible, or make sense. It seemed there were always other choices to consider cheap. In fact, even today, when people ask me for help when buying a watch, I always point them generally for a good brand value as Seiko or Omega, which I feel represents the best bang for your investment "you can get into a luxury time piece. For most people, the value is an important consideration when buying anything. Value is obviously a relative concept. Many people chafe at spending more than $ 19.95 to watch quartz what they can buy a Wal-Mart.
Realizing that the collection of watches (collect anything really) is a substantial cost, I decided to start to do "work on the" my first habit to support. I started doing freelance writing and photography, writing articles for magazines, and even wrote a book. It was during this time that my attention turned back to Rolex watches. Surprisingly, these independent enterprise I undertook was very successful for me, and I soon had several examples of watches I've seen some excellent and really enjoyed, but still found myself drawn to the Rolex. I can not quite explain it in rational terms why it would be, but it just was. So I decided that my modest collection (no more than 10 hours) some Rolex models that I liked for some reason include:
/ Story tradition - one of the things I most respect Rolex is the place they want to watch history. They practically invented the modern wristwatch, water resistant case, and the mechanism of self-winding among other innovations and contributions. They also produce watches COSC certified than any other watch maker, and did so for many years.
In House Movement - Rolex is a look at some homes that produce their own movements (most other brands of watches to purchase mechanical movements made by other companies). In fact, Rolex carefully control the production of almost every part of the recent past in each component in their classes used. This is one reason why their watches cost more, and one of the things that make Rolex in particular.
Resale - you never know when a financial disaster strikes. The nice thing about buying a Rolex, they can quickly and at a minimal loss selling.
Aesthetics - it plays a role in any watch you buy, and I always liked the Rolex sports watch look and feel.
Brand Name Recognition - believe it or not, this is a neutral point for me. In my experience, people with little notice pain or even care what kind of watch you wear. Of those that do, for every person who says, "Hey cool you're wearing a Rolex!" Anyone who thinks, "Oh, you're wearing a Rolex ... you have one of those kind of people." In the end, everyone looks to buy and wear, because I like them. I do not really care or other what others think. I think you're always better when you buy things based on what it means for you, and regardless of what others think.
If a Rolex Collector, here are some other questions I am often asked to listen?:
Rolex Watches are completely hand made? Rolex produces more than 800,000 watches a year. Unless they all People's Republic of China on their payroll, automation is no doubt considerably used in their production processes. I do not see this as a negative result Rolex staff to monitor, inspect and test each Rolex watch produced.
Is it a year, a Rolex watch to produce? I do not see how this can be, given their production of more than 800,000 watches a year. I'm sure that more time is taken from, quality testing, and re-testing than most other watches. But a year? C'mon. Except ... why would you take a whole year an hour to be a good thing? Your Dad would be happy if you have 3 months to get grass to cut?
Do the profits from Rolex watches Go To Charity? Yes they do. Short, simple explanation is that when Hans Wilsdorf (Rolex's founder) died, a foundation is created that controls Rolex now. Funnels the very foundation of profits generated by Rolex in various charitable efforts. Given that Rolex is not a publicly held company, its exact numbers are not known, but clearly they generate large amounts of money for worthy charities. Now does not that make you feel better about buying a Rolex? Most people seeing you wear it is not an overpriced dud ... it is a charitable contribution! Just go try to write off your next purchase Rolex on your income tax ...
Rolex watches are "best?" The short answer is "no." In fact many of them would consider a top tier brand of Rolex. In the world of high horology, names like Patek Philippe, Vacheron Constantin, A. Lange & Sohn brand names spoken with hushed reverence for the fact that the upper class really fine mechanical watch making. Examples of these brands of watches can easily reach nearly six figures and above. Suddenly $ 4,000.00 for a submariner steel is not so bad ...
Rolex watches are a "good investment?" I will apply my Rolex? As I said above, one of the nice things about buying a Rolex, they can sell quickly and at a minimal loss. But in most cases, as with any mass produced product that was purchased new and resale, you are probably losing a little money from the time of resale. Only stainless steel Rolex models seem an exception, because of supply (woefully low) and demand (staggeringly high) recitals. Other Rolex Models, stainless steel submariner date 16610 seems to be the safest bet in terms of a minimal loss of resale. Given that Rolex retail price increase sees them 1-2 times a year, if you keep your Rolex at least 10 years old, you have a pretty good chance of recouping most of the investment Initial resale time. It Rolex watches create a better investment choice than most other watch brands, but a long shot away from being a "good investment."
Above all, remember the hours are just material things. With a passion for our various interests is fine, but do not have a passion for an hour does not interfere with what is really important in life. Love God with all your heart and love people as much as you love yourself. Do this and you will have a real life rich and full to enjoy, whether you have a Rolex, or more.