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Rolex Milgauss
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Author:  enezdez [ Sat Mar 13, 2010 3:59 pm ]
Post subject:  Rolex Milgauss
Hi All!

I want a new watch by the end of the summer or year - especially if I don't go on holiday.

Want something different from what I own currently & would like a Rolex tho I know that they are over priced all of them! :roll:

I really don't have the money for the GMT with ceramic bezel but even if I did - I would be hard pressed to spend 7k for that particular watch.

Furthermore, I really, really like the Milgauss and I can have one for approximately 4k pre-owned (with the green sapphire). From what I understand they are very collectable - if I am wrong please correct me.

The only thing holding me back is the fact that the watch comes without a date indicator.

Can anyone please tell me why the Milgauss does not come with a date - what is the historical reason - if there is one?

Also what do you guys think of the Milgauss?

Thank you very much for your responses in advance!

Best Regards,

ENEZDEZ
Author:  BroncoSport [ Sat Mar 13, 2010 6:02 pm ]
Post subject:  Re: Rolex Milgauss
I like the Milgauss. I wish it had a date (I dont know why they havent created a model with the date window) but its not a complete deal breaker for me. In fact the Green crystal Milgauss is one of three possibles for 2010. While all Rolex's seem overpriced, they seem to hold their value a bit more than Breitlings.
Author:  Shadow87 [ Sat Mar 13, 2010 6:12 pm ]
Post subject:  Re: Rolex Milgauss
Find a good AD, and get any Rolex you want used. They don't hold their value so they are cheap once they leave the store. But sure to have any Rolex checked out if its not from a AD, lots of fakes out there.

GMT is king btw ;)
Author:  taffytoon [ Sun Mar 14, 2010 2:56 am ]
Post subject:  Re: Rolex Milgauss
Shadow87 wrote:
Find a good AD, and get any Rolex you want used. They don't hold their value so they are cheap once they leave the store. But sure to have any Rolex checked out if its not from a AD, lots of fakes out there.

GMT is king btw ;)


I have never heard such Nonsense :uplaugh:

OP

Milgauss are great watches but are scratch magnets. Buy yourself a nice Second hand Subby you will love it 8)

Mart
Author:  Roffensian [ Sun Mar 14, 2010 8:00 am ]
Post subject:  Re: Rolex Milgauss
Yeah, a little confused by the concept of Rolex not holding their value - they beat most other things out there that don't have the words Patek or Philippe in the name!

I'm not a Rolex fan, but I can appreciate the Milgauss for what it represents from a technology perspective. I have quite a few watches without a date and it doesn't really bother me - it would be nice, but definitely wouldn't stop me buying. If I had to buy a Rolex then it would be a Deep Sea, but if this watch appeals to you then it's certainly a quality watch. Rolex will never be wonderful value simply because of the name.
Author:  BroncoSport [ Sun Mar 14, 2010 8:01 am ]
Post subject:  Re: Rolex Milgauss
Hey Taff,

"scratch magnets" What do you mean?
Author:  taffytoon [ Sun Mar 14, 2010 10:31 am ]
Post subject:  Re: Rolex Milgauss
BroncoSport wrote:
Hey Taff,

"scratch magnets" What do you mean?


I have owned 2 Bronc, only worn as dress watches and very rarely worn even then they scratched very easily (as bad as my Audemars Piguet)

Mart
Author:  Shadow87 [ Mon Mar 15, 2010 2:48 pm ]
Post subject:  Re: Rolex Milgauss
Then explain why theirs so many Rolex's available for with a HUGE mark down once they are used? Theirs tons of them all over the dealers that have been owned before, and their prices are very low (compare to new).

Now i am talking about regular models and not pimped up customs models or gold models.

I also surely don't see any Panerai's that sell for $7500 brand new, for $4000 simply because it was owned for a bit.
Author:  taffytoon [ Mon Mar 15, 2010 8:44 pm ]
Post subject:  Re: Rolex Milgauss
Shadow87 wrote:
Then explain why theirs so many Rolex's available for with a HUGE mark down once they are used? Theirs tons of them all over the dealers that have been owned before, and their prices are very low (compare to new).

Now i am talking about regular models and not pimped up customs models or gold models.

I also surely don't see any Panerai's that sell for $7500 brand new, for $4000 simply because it was owned for a bit.


Show me these HUGE discounts and I will stand corrected Shadow. Rolex hold value better than most, even the second hand ones usualy sell for more than their original purchase price.
Author:  dhalem [ Mon Mar 15, 2010 9:30 pm ]
Post subject:  Re: Rolex Milgauss
taffytoon wrote:
Show me these HUGE discounts and I will stand corrected Shadow. Rolex hold value better than most, even the second hand ones usualy sell for more than their original purchase price.

Exactly. A 10 year old sub date will sell for more than the MSRP was 10 years ago. And a brand new SS Daytona will sell for more in the aftermarket than it will at an AD.
Author:  Shadow87 [ Mon Mar 15, 2010 9:33 pm ]
Post subject:  Re: Rolex Milgauss
taffytoon wrote:
Shadow87 wrote:
Then explain why theirs so many Rolex's available for with a HUGE mark down once they are used? Theirs tons of them all over the dealers that have been owned before, and their prices are very low (compare to new).

Now i am talking about regular models and not pimped up customs models or gold models.

I also surely don't see any Panerai's that sell for $7500 brand new, for $4000 simply because it was owned for a bit.


Show me these HUGE discounts and I will stand corrected Shadow. Rolex hold value better than most, even the second hand ones usualy sell for more than their original purchase price.


Sure thing mate, visit any dealer in/around Montreal. Here they have sections for 'used' watches, and the prices are very friendly. Shops also don't pay much for Rolex's (I know, i tried to sell my sub that i got in a trade in).

My reasoning for this, is because the mass avaibility of the brand. I don't know if i'm correct for the 'why' but Rolex lose a lot of value once they leave the AD's (similar to a car leaving the dealership).

Again this is for the regular models, nothing custom, and definetly not the gold models (i was actually told to only buy gold Rolex's since they hold their values because of the gold).

Believe it or not, it's up to you guys, but thats what i saw when shopping for my watches in/around Montreal. Not only that but thats the general 'tip' i was given from watch enthusiasts on multiple forums (which strengthen my current stand) since i was looking for watches that keep their values.
Author:  Shadow87 [ Mon Mar 15, 2010 9:35 pm ]
Post subject:  Re: Rolex Milgauss
dhalem wrote:
taffytoon wrote:
Show me these HUGE discounts and I will stand corrected Shadow. Rolex hold value better than most, even the second hand ones usualy sell for more than their original purchase price.

Exactly. A 10 year old sub date will sell for more than the MSRP was 10 years ago. And a brand new SS Daytona will sell for more in the aftermarket than it will at an AD.


You are talking about inflation. Also, no one would pay more than the dealer price for a current model if its used (unless its a special edition/rare).

Heck, go check in the used market... plenty of 'cheap' Rolex's available (if you don't mind them being used).

I'm also pretty sure it's the same in NYC. Maybe not in the big AD's, but the smaller one's, and reliable jewelry shops, would have good prices on used Rolex's. I will try to confirm this, this summer when i'm in Manhattan.

Edit: I'm sure you guys have this, but we have auctions here for jewelry, in the Montreal area they are all done in a castle/hotel every couple months. Theirs tons and tons of Rolex's put up for auctions and they are let go for a portion of the MSRP. The Panerai's and Patek that are auctioned on the other hand are usually sold very close to the MSRP, and if they happen to be a rarer model (this applies to Rolex also), sometimes exceed the original MSRP. Auctions like those are great to catch bargain prices, and you never know what comes up. Here they have to have the watches inspected and some kind of guarantee they are real (most come with paperwork).
Author:  devrandom [ Tue Mar 16, 2010 7:34 am ]
Post subject:  Re: Rolex Milgauss
enezdez wrote:
Also what do you guys think of the Milgauss?


Fun watch. It has an orange lightning bolt for a second hand. Can't get much more fun than that.

The green crystal version is more collectible, but I prefer the black styling.
Author:  RJRJRJ [ Tue Mar 16, 2010 12:17 pm ]
Post subject:  Re: Rolex Milgauss
Quote:
And a brand new SS Daytona will sell for more in the aftermarket than it will at an AD.


This may have been the case before the daytona bubble burst, but its certainly not the case any more.

The whole "Rolex hold their value" concept is just a misconception. They sell used for closer to their retail prices because they sell new for retail price or very close. Other brands like Breitling and Omega sell used for a larger discount from retail because they sell new for a larger discount from retail. For some reason, people seem to hold resale value against retail price with no regard for how much the watch actually sold for when new. When you take into account the actual purchase price, Rolex only holds its value only marginally better than competing brands.

@Shadow:
Historically, stainless steel model Rolexes retain their value the best and are generally the most popular models. Gold and two tone models are more regularly discounted and almost always suffer a greater degree of depreciation.
Author:  Shadow87 [ Tue Mar 16, 2010 12:54 pm ]
Post subject:  Re: Rolex Milgauss
RJRJRJ wrote:
Quote:
And a brand new SS Daytona will sell for more in the aftermarket than it will at an AD.


This may have been the case before the daytona bubble burst, but its certainly not the case any more.

The whole "Rolex hold their value" concept is just a misconception. They sell used for closer to their retail prices because they sell new for retail price or very close. Other brands like Breitling and Omega sell used for a larger discount from retail because they sell new for a larger discount from retail. For some reason, people seem to hold resale value against retail price with no regard for how much the watch actually sold for when new. When you take into account the actual purchase price, Rolex only holds its value only marginally better than competing brands.

@Shadow:
Historically, stainless steel model Rolexes retain their value the best and are generally the most popular models. Gold and two tone models are more regularly discounted and almost always suffer a greater degree of depreciation.


Interesting, i see the other way around on the shops here. I was also told multiple time "if you go Rolex, go gold, it retains its value a lot better".

My sub i got in a trade for another watch, and when i checked how much i could sell it for at a shop (tried a couple), it wasn't worth it, not even nearly. Which sucks, i really want a GMT II C.
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