This is Watch Your Style.
Today's video, I'm gonna be going back to the basics.
And it's on, How to Buy a Rolex and Not Screw Up.
Alright, so you've decided you wanna buy your first high end watch or luxury watch, and
you've decided you wanna go to Rolex, which is a pretty frequent first watch.
So, the obvious question is, "Why a Rolex?"
Well, there's a couple of reasons why:
1) It's a classic, timeless design.
You know, Rolex is a watch that might not be the favorite of most collectors, but you
can't say they're ugly.
You might have just gotten bored of them, if you're a hardcore collector, but you can't
say they're ugly because mostly all Rolexes are very nice.
And one of the most important things in my opinion is that it can be a great investment.
Research shows that investing in Rolex watches can be as good or better than investing in
stocks.
Now, before all you traders freak out on me, we're not talking about buying a Rolex to
make millions.
We're talking about small, long term investments.
OK?
It's a great investment.
There's not many watches that you can buy where you can have that much value in return
the day you decide to maybe sell it or upgrade to a different watch.
So a couple of questions you gotta ask yourself.
When am I going to wear this watch?
Am I going to use it just to go out?
Is it gonna be a weekend thing?
Am I gonna wear it for work?
Am I gonna wear it daily?
If you are gonna wear it daily and for work, then you gotta ask yourself the question,
�What's the right watch for work?�
If you are an investment banker and you're working in an office situation all day, then
obviously a dressier watch would be better than a guy that has a construction company
with a dressy watch.
He would probably be better off going with a sports model, perhaps a GMT or a Submariner.
So those are kind of the questions that I wanna say also.
Also, if you are gonna wear it every day for work, but you like to do a lot of boating
and you're gonna plan to wear your watch all the time, then I suggest that that investment
banker that goes boating every weekend should go with a Sub or a GMT because it's something
that you could wear in the water, use it more.
It's a lot more tougher for those types of situations than perhaps a Datejust.
So those are kind of the questions you wanna ask.
You're gonna ask, �What am I going to use this watch for?�
If you're just gonna use it for special occasions, to dress up nice, then I would go dressy.
If you want more of a versatile, all-arounder, then go with a sports model.
One of the most important things is gonna be how much should you spend.
You gonna kind of gotta see what type of budget you've decided to allocate for this.
You could start off in a lower price range and spend about 3,800 bucks and maybe get
yourself a nice 90's 36-millimeter, stainless steel Datejust, to start off.
It's a fantastic watch.
I know people that bought that watch and had it their whole life and never bought any other
watch, but that's kind of gonna be the starter range.
Depending on the range that you have, if you're range is maxed out at 5 grand, then you might
wanna maybe look at a nice older Sub.
Fantastic watch.
Plenty of collectors have started out with that watch and if I was gonna only have one
watch in my entire life, why not a steel Sub.
You can't go wrong with that.
When you're gonna be in a little bit of a higher range, if you could stretch to $7k
and beyond, then that's when you could start looking at more of the newer models.
Some of the newer, sports models and the newer Datejust lines that are available, which would
suit your needs.
That's what you gotta ask yourself.
What's your budget, and within that budget, that'll give you an example of some price
ranges.
Another important thing is where to buy.
You see, that's the crossroads that you're gonna get to, that's gonna make a big difference.
Do you go for an Authorized Dealer and pay full retail?
Or do I shop perhaps a nice, pre-owned at a good price.
That's a decision that you're gonna have to make and that's also gonna make or break the
deal, because if you're gonna buy this watch and you're gonna plan to have it the rest
of your entire life, then paying full price in an AD would not be a problem; but if you're
certain that, at some point, you're gonna wanna upgrade this watch, then I would consider
it buying it preowned.
Now, the most important thing on this whole process is, you shouldn't stress out.
It shouldn't be a stressful thing.
Buying your first watch or buying any watch should be something exciting and something
that gives you enjoyment and pleasure.
So don't stress yourself out.
Think about it.
Get a couple of opinions.
Don't be influenced by your friends, especially the ones and don't own a watch and don't know
nothing about it.
Do what you like.
Get the watch that you feel you want.
Is my advice to you honestly is to get a sports model, but deep down inside you wanna the
dress one, go with the dress watch.
So, keep that in mind.
I'm gonna do a lot more videos in this aspect, as well as also reviews, which are my common
videos, which I'm gonna go more into details in different categories of what we just talked.
But if there's anything that...perhaps any ideas you might wanna have, feel free to leave
me a comment, so that I can perhaps maybe do the video on that.
So, if you're looking to purchase your first Rolex or any high end watch for that matter,
feel free to contact me at eric@crmjewelers.com.
And if you liked this video, please like and share.
Also, remember to subscribe to our channel.
My name is Eric, Watch Your Style!