Exactly! My grandfather bought a Rolex Submariner REF# 1680 in 1970. He Never took it off until 1984 and gave it to my dad when he graduated. My dad never took it off as well until he passed it along to me which was when I graduated in 2014. I haven’t taken it off, except for servicing. Now it’ll be passed to my son when he graduates! Keeping the family tradition going! Love my watch, not just because it’s a Rolex, but because of who wore it.
UPDATE: That Rolex Hulk was discontinued by Rolex this year at Basel World. The resale value (overnight) went from 12-14K to 17-25K depending on reference year.
@@Nahzuul Love Donald Trump's decisions for our country. At least he is not someone who will double our National Debt as Obama did. Or HRC who would rather commit treachery than breathe air. Or Bill Clinton who sold US Missile secrets to the Chinese.
The usd value has gone down about half of what it was 30 years ago. So yeah inflation rate does account for profits and losses but he's a salesmen. He's there to get you to buy watches not help you with your finances. The fact of the matter is that he doesn't know what will be popular in 10+ years. All of these watches could be out of style soon and we wouldn't know.
This video is so dumb. And so are the comments. It's like listening to pre-schoolers explain why the sky is blue. "This watch cost more than it did 30 years ago". "WHAT?????🤤🤤 NO WAY!! subscribe".
TheRunningSloth. Real estate investing is a good option for creating wealth, especially if you want to have control over your investment, compared to relying on the stock market to do well with your money. I think He’s referring to the BRRRR method: Buy, rehab, rent, refinance, repeat. Buy property below market value, add value, find tenants, refinance to pull equity out, use that equity to repeat the process. Definitely works if done right.
Shoutout to everyone chasing the dream. Since last year I've cleaned up my act, living more frugally and am halfway towards the deposit I need to buy my first house. I know some people have billions and can invest in amazing watches but for me to stop renting is a huge deal and I'm very proud of myself because I know I can get there. Watching these videos helps keep me motivated too! So thanks and good luck to everyone, aim high!
Well, yes and no, in those 20 years you had the opportunity to wear and enjoy the watch, and then still sell it for the same amount of money you bought it for. Objectively, due to inflation the watch technically did lose in value, but subjectively you won’t feel this as you got to wear it, and still sold it for the same amount of money.
Well if it is a joke then it is fine but if it were real life, i think you should reconsider what the fuck have you been doing all your life to not afford a fucking battery
If you can’t afford a battery, you probably don’t have a job and you probably have no fix appointments so what do you need a watch for? Use the device that you uploaded your comment with :)
Michael seems like a really nice guy - not looking down his nose on people less fortunate or resourceful than himself. Basically the kind of guy that treats everyone equally well. Undoubtedly an ability that's instrumental in his success in life.
@@KiLLahD48 I said it because they always joke about "5K" for stuff. The Rolex is slightly higher & it'll keep raising in value so it'd make a wonderful gift.
Hang on.... $3500 in 1999 adjusted for inflation is $5400 in 2019. So the watch has appreciated $600? And that’s before calculating second hand depreciation and re-sale. I thought we were discussing investments here?
Investments as in "what can I sell immediately for a quick buck." I'm sure most of Michael's collection is worth less than half of what he paid for it. But, that's not really the reason why he buys them.
"Investment" isnt being used in this case as we normally think of investments. The rich only need to not take losses on items to maintain wealth. If everything I have ever purchased could now be sold for break even, I would be in pretty good shape. They would have been good, actually MUCH BETTER investments than I made.
Great video. This gentleman is a great salesman and he doesn’t offend people like Yoshi or whatever his name was. People should enjoy buying watches from this place. He also educated us a little bit on the subject.
At least Yossi Dina has good merchandise. This guy sells pre-owned stuff at exorbitant prices, many without box and papers. Check out their website - I'd never buy here.
Mr Carlos @Carlos_1uptrades has helped me and my family abundantly. I really wished I had known him earlier by now I know I would have made more than enough. I invested with him and made $6,000 in a week trade reach him @Carlos_1uptrades to start earning also.
I have had a bad go with watches , I am 53 and bough a $600 Citizen Eco Drive t 200 mtrs wr and the max of my budget I loved it . Approx 2 weeks later I helped my dad lift a lounge through his back door and scratched it deeply on the brick work. It was never the same so I took it to a pawn shop and got $90 for it ,and I had the papers and certificate for it.Then my Bro bought me a Rolex ,I guess copy and when I put my jacket on ,the sleeve had a zipper on it and my fault, It went over the winder and as I stretched my arms it pulled the winder pin out and I didn't know .Now that watch is sitting in front of me now . I have only worked as a shit kicker but I do have have a lot of valuable hobbies but always sell too cheep as I have health issues ..We will leave it at that .Your videos are fantastic ,please keep them coming Kind Regards ,Bradley..
Don't let this fool you, watches are almost never a good means of investment outside of a small handful of models that increased in value because of marketing. Consider that if you buy a watch as an investment, you can't use it, meaning you can't enjoy it. Plus, watches require servicing and care. It's easy for Michael and the store owners to hold them, but they're highly educated on the subject and enjoy/do it professionally. Plus, Michael is friends with store owners that will sell it to him for a fair price. In reality, you will be very hard pressed to find non-shady dealers who will sell you without a high premium.
I've been thinking the same stuff !! In the early 1960s you could go to the movies for 50 cents and a load of bread was like 50 cents. My parents would take us out to eat at Mac Donalds for 40 cents for a hamburger that costs what today? Plus we went to the movies after the hamburgers, try that today.
Mr S see what your saying however there talking about owning a watch, enjoying it and not paying for that as it will go up in value........ so it’s good value. That’s the point
@Top Dog investing in IRA funds is a wiser decision than putting the money into the bank/credit union if you're looking for a moderate return on your investment. Banks pay very little interest
The point of wearing a watch and the price increasing is really an investment. It may not return you 50% but it will give you the experience of wearing a real watch.
It's not really an investment, but it's not a loss, that's what's so special about these watches. Most luxury items lose value over the years. 99% of cars, forget about it, terrible investments. As opposed to just putting the money in the bank, you can always wear the watch and enjoy it.
Seth is also completely disregarding inflation and repair costs... "This watch was 4K 20 years ago, and it's 4K today, so it retains it's value" which is a completely bullshit statement. Inflation causes money to lose value over time, meaning that 4K watch would today be priced at around 6K since the dollar has lost value and normal items have become more expensive.
I bought a 2010 2 tone diamond dial daytona new for 13.5k. sold it this year for 25k. I wore the hell out of my Rolex watch for 10 years and sold it for a 11.5k profit. Can't go wrong with Rolex.
My Submariner model 1680 has gone up significantly in value. I still wear it every day, and would highly recommend any of the older Submariners. It is not flashy. Can be dressed up or down, and overall is a fantastic timepiece.
True true, equally over the last 20 years inflation has been fairly low. $3,500 in 2000 is probably around $6,500 now in terms of purchasing power, so you basically had the watch for free for 20 years.
For a reason. I'm an Omega guy and it's awesome that the brand is now back with full vengeance offering insane watches at a great price. Imo Omega watches are better than Rolex in terms of design and quality (within the same price bracket). But in terms of resale value, ALL Omegas will lose money. This is why some people like Seth won't bother with Omega.
Buy a 4000 watch and 15 years later it is worth 4000 means it has depreciated with inflation by 1 to 3 percent a year. Your videos pretend that inflation doesn’t exist
They seem like a relative bargain. You won’t make money, like a Subbie, but it’s a cool watch with a great genuine back story. I’ve seem them, new, for £2600 new in the last 6 months.
Andreas Georgiou Back in December, I saw one, but this isn’t far off, leather band only, but still a good deal! www.watchbuyers.co.uk/watches-for-sale-c12/omega-c15/omega-speedmaster-moonwatch-professional-42-mm-manual-unworn-with-box-and-papers-p191/s2084?Blisting%2Bads&gclid=Cj0KCQiAzePjBRCRARIsAGkrSm4E1gCLLIouzvnwSPldDwX5z35zDcA9Qb-BMZ0E_qhIN0Z3I3biIT4aAjvSEALw_wcB
Watches don't go up in value... it's money losing value because of inflation. So it's better to say that certain watches keep value, but if that's what you want to do, it's more profitable just to buy 999.99 physical gold.
@@GreenredProductions exactly. Because it takes almost zero craftsmanship to pour gold into a solid bar.... But 365days of labour to fabricate and assemble a rolex out of gold? 🤦♂️ you are the facepalm of 2020, sorry bud.
The Batman, Rootbeer, and Pepsi Cola GMT are going up in value and the hottest Rolex in demand currently. Not to mention the white and black ceramic dial Daytona.
I never understood why dealer's day Franck Mueller watches are dead I have a Sub a Sub no date AP etc. But when I wear my Casablanca I get TONS of compliments!!!
Poor Bastard half his stock has lost a SHIT load of dosh the only good watch is the HULK and why is MIKE wearing a postman’s uniform ? And don’t laugh about someone who’s dead most disrespectful
Not just Mills, all of these luxury bubbles are going to come back down sooner or later. The secondhand market for daytonas, pepsi GMTs, and hulks/batmans are evidence of economic excess. Would be buying at retail prices and selling at secondhand all day - would never pay secondhand price though.
Not just watches, everything is gonna devalue soon. Exotic cars are another good example. The economy in cyclical and we are coming off a high. Especially since Trumps economy is doing good, the elites will crash it to scare people from voting against the establishment again.
Wow you spend over 100k on a watch that’s insane lucky man! I just totaled my vehicle in a hit and run and I’m stressed over that. Crazy the difference in how people live. Your a blessed man!!
The tips in that video from the sales person were bang on. Some watches will be worth nothing while others will hold their value. He even tells you that some are for buying with the heart. He is honest.
Seems to be bad advice, let's take the first example : Rolex bought at 3500, 20 years later worth 6500 That's about 3,15% compound interest rate over 20 years That's about 1% higher than just putting your money in savings account I'm sure you can do better with a little imagination
@@frettchenklm6984 sure thing, but as an "investment" its a really bad idea, i didnt even account for the service costs every 3 to 5 years. If you do like rolexes then buy a rolex and enjoy it, don't expect to get rich or break even with it
@@frettchenklm6984 my point is if you understand basic economy you can see that you will loose money except for very specific models (limited edition or whatnot)
I bought a GMT2 batman edition brand new for 7K. A year in a half ago and now its worth 16K. You can say whatever you want about Rolex time pieces but the point is THEY GO UP IN VALUE or at worse breaking even. Name me a regular Movado or burberry watch that you can sell for the same price you bought it for. High end time pieces are worth it if you are into wearing it because you can good resell value.
@@faith_alone agreed. Every video I've seen theres a security guard that is always standing there and unlocks the door when somone goes in. Just sketchy to me.
It doesn't matter how much money your watch costs if it keeps time that's all that bothers me lol ,, there's not a chance in the world that I'll spend that money on something that's stainless steel,,,I'd buy a gold necklace or a chunky bracelet and you'll never ever loose money on gold or platinum or even silver.
Geeze.... 15 years ago, spent 3400 on buying amazon or google stocks, your worth is millions now. And it beat inflations. Or 20 years ago, buy a house and you are up 5 fold+. Or just plain buying gold.... Almost baseball cards may beat the returns of these watches.
The title of the video is "Best investment watches you can buy" not "best investments". It's about investments within the watch world. You'd think that would be obvious.
If you look closely during the middle of the video. He has a $250,000 Rolex Daytona Paul Newman sitting in the glass. He didn't bring out the good stuff, no way he wants nearly 1 million viewers seeing that watch.
I bought my slightly used Submariner with ceramic bezel and date 4 years ago for 6k.I was going to take the Daytona next to it for $9500. Now my submariner is going for 10k and the Daytona for 18k. Il never sell any of my watches but its cool to see it not only look the same but to be worth more.
What about the BLNR (Batman)? In the space of 5yrs since release its doubled in value - and will go even higher now that the Oyster has been discontinued!
Just hit my first milestone this year after 20 years and Michael, you are exactly right. Work very hard, doing something you love and the world is yours! I just bought two of my favorite Panerai watches, who knows what awaits in the future. Love your channel!
If you save $200 a month for 3 years you can afford a submariner. It's just a matter of opportunity cost. You have to decide in life where you want your money to go, but realistically anyone with spending discipline can save up to buy a Rolex.
3500 bucks in 1999 dollars is equal to $5400 in 2019. So yes that particular watch did grow in value. Watches however are not a good investment if you are looking to make money. You would have been better off buying 3500 dollars worth of coca cola stock at 30 bucks a share in 1999 and having it worth 54 dollars a share today, plus the added bonus of 20 years of quarterly dividends.
What about 70s-80s Tudor Submariners with plexiglass crystals? I bought a used one in good shape for $2,000USD in 2010 and my horologist told me at last servicing it's now worth $5,000USD with box, anchor and service records. Are low end Tudors really appreciating in value that rapidly?
Always wanted a sub mariner ever since my grandad had one as a kid because he was a huge James Bond fan. My grandad kept his on the classic black and grey nato strap
If donald trump had a love child with austin powers. Groovy baby.
Ha nice one
🎯
😂😂😂
Hhaha
Haha, you made my day...
The real profit is wearing your Rolex everyday and enjoying it.
As a Rolex owner, I completely agree. Well said my friend👍!
Looking at your wrist and appreciating the brillant time piece . I feel u sir indeed i do.
True
Amen to this😆😄😄
Exactly! My grandfather bought a Rolex Submariner REF# 1680 in 1970. He Never took it off until 1984 and gave it to my dad when he graduated. My dad never took it off as well until he passed it along to me which was when I graduated in 2014. I haven’t taken it off, except for servicing. Now it’ll be passed to my son when he graduates! Keeping the family tradition going! Love my watch, not just because it’s a Rolex, but because of who wore it.
UPDATE: That Rolex Hulk was discontinued by Rolex this year at Basel World. The resale value (overnight) went from 12-14K to 17-25K depending on reference year.
Lmao came to the comment section looking for someone to say your exact words 😂
I just watched a video where Michael bought the Hulk as a gift for someone about 3 months later for $12,500. That person is happy.
How do you tell which reference year is better or worse?
Update it’s now 25-35k
UPDATE: It’s now around $20k in 2023
This guy looks like Donald Trump's eccentric brother
@@Nahzuul Love Donald Trump's decisions for our country. At least he is not someone who will double our National Debt as Obama did. Or HRC who would rather commit treachery than breathe air. Or Bill Clinton who sold US Missile secrets to the Chinese.
RIGHT? HAHAHAHAHAHAH IM DEAD
He is amazing, fantastic, briliant, if I were a woman I'd kiss him
Gay
@@Closeoutracer dont run with politics on this one. hes trash. there, we cancel eachother out, moving on.
The more you spend, the harder it is to tell the time.
iPhone
@@ele7d exactly, its like buying art. All the craftsmanship and hours that have gone into making such a piece, thats what you pay for.
Ha, good observation. They put so much crap on the face it becomes a bit ridiculous.
Can't agree more
Brandt L haha
Perfect submarinerstore , cant say more, its just perfect
I have a submariner that was purchased by my grandfather in Switzerland in 1970 for $300 bucks. Its now worth $13K.
CME4 Sheepdogs nice man 👍
That's a keeper for sure
$300 in 1970 is about $1,980 today, still a great buy ( or is it overvalued today? )
@@tonysmith6849 I think its because they call it "vintage". But about 10 years ago it was worth about $3K. So, it's gaining in value. Which is nice.
@@outabeat Out of curiosity, how often does a watch of this caliber need to be "maintained" by Rolex, and how much would that cost?
Richard Mille... Great looking watch... Yeah, if you're going for that whole "Legoland gift shop" look.
As a reference, Michael thinks Jacobs are nice lol. Flashy dresser with tons of money, but not really one that falls under 'traditional class'
The value of Richard Mille watches are going to crash and burn in the future. Once their design is out dated their value is going to drop like a rock.
haha i can see that
They also don't hold their value. Same as Jacob & Co those are just to make a statement of "I have fuck you money".
One of the worst brands - can hardly see what time it is!
Watches are definitely an emotional purchase. I get a tiny buzz when I'm at Macy's and find a nice replacement for my Casio at $14.99
Lol
Salesman completely disregarding time value of money, inflation and + Opp. Costs...
Dustin Di Iulio yup
Dustin Di Iulio it’s also something you use and enjoy during that time though
The usd value has gone down about half of what it was 30 years ago. So yeah inflation rate does account for profits and losses but he's a salesmen. He's there to get you to buy watches not help you with your finances. The fact of the matter is that he doesn't know what will be popular in 10+ years. All of these watches could be out of style soon and we wouldn't know.
This video is so dumb. And so are the comments. It's like listening to pre-schoolers explain why the sky is blue.
"This watch cost more than it did 30 years ago".
"WHAT?????🤤🤤 NO WAY!! subscribe".
Making 5k for putting 20k down over five years. Totally ridiculous!
Michael, please can you do a video on how i can get money first?
same question here
@RS2002 have you used your methods?
TheRunningSloth. Real estate investing is a good option for creating wealth, especially if you want to have control over your investment, compared to relying on the stock market to do well with your money.
I think He’s referring to the BRRRR method: Buy, rehab, rent, refinance, repeat. Buy property below market value, add value, find tenants, refinance to pull equity out, use that equity to repeat the process.
Definitely works if done right.
yesss
Go wash cars and slowly start hiring people.
Seth is a top honest guy, who knows his trade very well. Love the videos in his shop .
Fuck you
No thanks i am straight.
Shoutout to everyone chasing the dream. Since last year I've cleaned up my act, living more frugally and am halfway towards the deposit I need to buy my first house. I know some people have billions and can invest in amazing watches but for me to stop renting is a huge deal and I'm very proud of myself because I know I can get there. Watching these videos helps keep me motivated too! So thanks and good luck to everyone, aim high!
Congrats man keep it up
FANTASTIC !!!! Go & stick to your dreams & make them real....YOU CAN DO IT !!!
Good job brother
👍👍👍👍👍
Thanks for the positive comments!
''I dont have one of these...I have a white gold diamond one'' classic.
Michael humblebrags so well
Forget about investments that's what makes you a snob, go for what you like
Paul Knowles Hey Paul, how are you doing
Does inflation not exist? How can something “hold value” if it’s price remains the same over a 20 year period.
Yeah. If it is the same price as it was 20 years ago then that actually means it lost value.
Well, yes and no, in those 20 years you had the opportunity to wear and enjoy the watch, and then still sell it for the same amount of money you bought it for. Objectively, due to inflation the watch technically did lose in value, but subjectively you won’t feel this as you got to wear it, and still sold it for the same amount of money.
Michael I love you but I can't even afford a new battery for my Fossil watch HAHAHA
That's really bad haha
Well if it is a joke then it is fine but if it were real life, i think you should reconsider what the fuck have you been doing all your life to not afford a fucking battery
If you can’t afford a battery, you probably don’t have a job and you probably have no fix appointments so what do you need a watch for? Use the device that you uploaded your comment with :)
What a shame
I cant afford for casio poor problems hahahahahah
Michael seems like a really nice guy - not looking down his nose on people less fortunate or resourceful than himself. Basically the kind of guy that treats everyone equally well. Undoubtedly an ability that's instrumental in his success in life.
Love the guy who educates about the watches. Seem like a honest guy. I would buy watches from him.
I would be happy with any watch 🤣
⁰⁰
Get a g shock, they're god-teir mate.
Buy Adam the Rolex Submariner Michael. Its only $6,500....that's pocket lint for You.
Adam wants to buy his own watch. He doesn’t want a gift.
Daan Made in Holland how do you know?
As a joke Michael should get Adam a good fake rolex and gift it to him in a video and watch if Adam notices its a fake. LOL
Hah okay so you become a millionaire and treat $6,500 like pocket lint, we'll see how far that gets you.
@@KiLLahD48 I said it because they always joke about "5K" for stuff.
The Rolex is slightly higher & it'll keep raising in value so it'd make a wonderful gift.
When he says “stop it” all I can think is Austin Powers... 😂
Notification squad!!! I’ve been waiting for this video!
leeets go :D
Haha
Richard Mille cost a Lambo
THROWED CLIQUE
And don’t run
Always keep the baddest bitches on commando (salute)
guess what, both will depreciate lol
Every time i'm in my trap i move like Rambo
Hang on.... $3500 in 1999 adjusted for inflation is $5400 in 2019. So the watch has appreciated $600? And that’s before calculating second hand depreciation and re-sale.
I thought we were discussing investments here?
BlueLineSpeed got ‘em!
Investments as in "what can I sell immediately for a quick buck."
I'm sure most of Michael's collection is worth less than half of what he paid for it. But, that's not really the reason why he buys them.
@@rustyshackleford17 I doubt it with all of the Jacob watches
"Investment" isnt being used in this case as we normally think of investments. The rich only need to not take losses on items to maintain wealth. If everything I have ever purchased could now be sold for break even, I would be in pretty good shape. They would have been good, actually MUCH BETTER investments than I made.
BlueLineSpeed the point is it holds its value...
This guy, I assume who owns “essential watches”, really knows his stuff
e99783 he’s been selling watches since he was a kid. He started selling swatches on eBay when he was in middle school and moved up from there.
I like these kind of videos jewelry and watches
In 2019 you wouldn't get the rolex submariner 16610 for 6,500 dollars no way!
Great video. This gentleman is a great salesman and he doesn’t offend people like Yoshi or whatever his name was. People should enjoy buying watches from this place. He also educated us a little bit on the subject.
At least Yossi Dina has good merchandise. This guy sells pre-owned stuff at exorbitant prices, many without box and papers. Check out their website - I'd never buy here.
Yep. I have to agree with you here. I feel that you could work a lot easier with this man.
aeroAdvocate Dina’s stuff was also used, but served “cold.” The guy had no class.
Lmao how does Yossi offend people?
@@pollutedmindmusic snowflakes get offended easily by anyone that doesn't kiss their ass, I'm assuming that's how lol
Love essential watches. They’re one of the best brokers in the biz
Mr Carlos @Carlos_1uptrades has helped me and my family abundantly. I really wished I had known him earlier by now I know I would have made more than enough. I invested with him and made $6,000 in a week trade reach him @Carlos_1uptrades to start earning also.
@@iliyahappiness4196 fuck off
4 minutes in, I'm tipping they're a second hand watch dealer
Agree
@@iliyahappiness4196 o
I have had a bad go with watches , I am 53 and bough a $600 Citizen Eco Drive t 200 mtrs wr and the max of my budget I loved it . Approx 2 weeks later I helped my dad lift a lounge through his back door and scratched it deeply on the brick work. It was never the same so I took it to a pawn shop and got $90 for it ,and I had the papers and certificate for it.Then my Bro bought me a Rolex ,I guess copy and when I put my jacket on ,the sleeve had a zipper on it and my fault, It went over the winder and as I stretched my arms it pulled the winder pin out and I didn't know .Now that watch is sitting in front of me now . I have only worked as a shit kicker but I do have have a lot of valuable hobbies but always sell too cheep as I have health issues ..We will leave it at that .Your videos are fantastic ,please keep them coming Kind Regards ,Bradley..
Don't let this fool you, watches are almost never a good means of investment outside of a small handful of models that increased in value because of marketing.
Consider that if you buy a watch as an investment, you can't use it, meaning you can't enjoy it. Plus, watches require servicing and care. It's easy for Michael and the store owners to hold them, but they're highly educated on the subject and enjoy/do it professionally.
Plus, Michael is friends with store owners that will sell it to him for a fair price. In reality, you will be very hard pressed to find non-shady dealers who will sell you without a high premium.
There just a watch no better than a Casio in relation to time accuracy
An entertaining episode, Michael, but I would have loved to hear more about the Patek’s and Rolexes test were highly collectible.
Investing in stocks or real estates are very good ideas though real estate investment seems a bit more complex. Who else is in line with me?
Invest wisely with Nancy lynn Lewis, I recommend her to all newbies out there for assistance to successful trades.
This is the same guy that Michael bought $150K worth of watches.
Oh yeah
Yes he is , around Xmas time
No shit.
OK has retained its value, but it has to be calculated and the 9,000 dollar inflation 20 years ago is about $ 14,000 in 2019.
I've been thinking the same stuff !! In the early 1960s you could go to the movies for 50 cents and a load of bread was like 50 cents. My parents would take us out to eat at Mac Donalds for 40 cents for a hamburger that costs what today? Plus we went
to the movies after the hamburgers, try that today.
Rolex sport have gone up in value significantly more than inflation since 1960s.
I have no idea how i endeed up in here and I already watched 16 min of this extrenge video kkk
Honestly I've just been looking for a reason to buy a watch that I can't afford, and I think this might be it.
Put 6.5k in to a watch, wait ten years and make 1.5k....seems a poor return to me
Mr S see what your saying however there talking about owning a watch, enjoying it and not paying for that as it will go up in value........ so it’s good value. That’s the point
@Top Dog investing in IRA funds is a wiser decision than putting the money into the bank/credit union if you're looking for a moderate return on your investment. Banks pay very little interest
The point of wearing a watch and the price increasing is really an investment. It may not return you 50% but it will give you the experience of wearing a real watch.
@@aakashkedem6372 "real" watch, expensive watches doesnt make it any more real than 50$ watches.
It's not really an investment, but it's not a loss, that's what's so special about these watches. Most luxury items lose value over the years. 99% of cars, forget about it, terrible investments. As opposed to just putting the money in the bank, you can always wear the watch and enjoy it.
My dad got a submariner like maybe 15 years ago for like 1.1k it's worth like 10k+ now easy.
Seth is great, very on the ball. -Should do more vids with him in future. Maybe a different setting though that shop a bit dingy
Seth is also completely disregarding inflation and repair costs... "This watch was 4K 20 years ago, and it's 4K today, so it retains it's value" which is a completely bullshit statement. Inflation causes money to lose value over time, meaning that 4K watch would today be priced at around 6K since the dollar has lost value and normal items have become more expensive.
we miss Peter Marco
PAS he’s to busy hanging out with Floyd Mayweather
I told him in one of his Instagram posts and he replied to stay tuned
King Pin juicy
I bought a 2010 2 tone diamond dial daytona new for 13.5k. sold it this year for 25k.
I wore the hell out of my Rolex watch for 10 years and sold it for a 11.5k profit.
Can't go wrong with Rolex.
My Submariner model 1680 has gone up significantly in value. I still wear it every day, and would highly recommend any of the older Submariners. It is not flashy. Can be dressed up or down, and overall is a fantastic timepiece.
Michel u should have been an actor ...u look majestic like the definition... OF A GENTLEMAN...UR AWSOME
She was Austin powers...how did you not know that. How do you think he made his money.
Monish Nasa yeah he’s the character that mike Meyers modeled Austin Powers after. The producer of SNL is who he modeled Dr Evil after.
Oskar Jakobsen you’ll get the joke soon
He’s a Gene Wilder lookalike :)
Awesome*
When you say "holding value" I just know that you're not adjusting for inflation. So smarmy.
True true, equally over the last 20 years inflation has been fairly low. $3,500 in 2000 is probably around $6,500 now in terms of purchasing power, so you basically had the watch for free for 20 years.
seth. I love this guy. very down to earth watch seller, very honest. I like him a lot. thank you for this video guys. x
There was a waiting list for the Rolex Daytona, 15 - 20 years ago.
1 year later and hulk prices went to the moon
Seth is such a Rolex guy. He never ever mentions Omega...
For a reason. I'm an Omega guy and it's awesome that the brand is now back with full vengeance offering insane watches at a great price. Imo Omega watches are better than Rolex in terms of design and quality (within the same price bracket).
But in terms of resale value, ALL Omegas will lose money. This is why some people like Seth won't bother with Omega.
Omegas don't hold its value
Brian Herren Lol. So right!
@@alexl6433 Hence the title of this video.
This is a Casio G shock, it starts at $130....you can get into them at about 50% of retail.
AlabamaPanther 1776 you’d be surprised what some G-Shocks are worth
$120k
Is the most expensive g shock watch made so far custom
I have two and I love them both. Damn near indestructible i get compliments on my gold and black one all the time
Buy a 4000 watch and 15 years later it is worth 4000 means it has depreciated with inflation by 1 to 3 percent a year. Your videos pretend that inflation doesn’t exist
Chris Johnson Hey Chris, how are you doing 😊
Maria Russo good thanks. And you?
Chris Johnson Good morning Chris thank you for writing me back, Just looking for a new friend that's why I wrote you okay 😊
Maria Russo oh dear
Omg I was wishing to see this store again thank you Michael
What about Omega Moonwatches ? It would be super cool to have a episode about those, love that watch!
You can get them on the grey market cheaper than retail brand new .
They seem like a relative bargain. You won’t make money, like a Subbie, but it’s a cool watch with a great genuine back story. I’ve seem them, new, for £2600 new in the last 6 months.
@@itsallrobbish where were they £2600??? I want one
Andreas Georgiou Back in December, I saw one, but this isn’t far off, leather band only, but still a good deal!
www.watchbuyers.co.uk/watches-for-sale-c12/omega-c15/omega-speedmaster-moonwatch-professional-42-mm-manual-unworn-with-box-and-papers-p191/s2084?Blisting%2Bads&gclid=Cj0KCQiAzePjBRCRARIsAGkrSm4E1gCLLIouzvnwSPldDwX5z35zDcA9Qb-BMZ0E_qhIN0Z3I3biIT4aAjvSEALw_wcB
Watches don't go up in value... it's money losing value because of inflation. So it's better to say that certain watches keep value, but if that's what you want to do, it's more profitable just to buy 999.99 physical gold.
that a bit dumb to say, you can buy watches at 4000 bucks and sell it 5000 two months later, inflation isn't that fast
This is terrible advice tf😂
Cool bro... are Rolexs not made of physical gold? Just imagimary? Okay. 🤣
@@braybray7625 do you have any idea how much gold is used in those watches? They use $300 of gold to sell a watch for $9000
@@GreenredProductions exactly. Because it takes almost zero craftsmanship to pour gold into a solid bar....
But 365days of labour to fabricate and assemble a rolex out of gold? 🤦♂️ you are the facepalm of 2020, sorry bud.
Omega Speedmasters are a good buy
Which ones? I own the professional and the Olympic model.
have to get my timex valued, I could be sitting on a gold mine
The fact you don't already know the value shows how little importance it is.
U might be I hope so
The Batman, Rootbeer, and Pepsi Cola GMT are going up in value and the hottest Rolex in demand currently. Not to mention the white and black ceramic dial Daytona.
I like these kind of vids ... ya know , shopping and stuff , not the house tours or wtv
Melrose Avenue shopping spree please ♥️🔥
You are requesting this in almost every video! Damn. Do it Producer Micheal 🎉
yes
I never understood why dealer's day Franck Mueller watches are dead I have a Sub a Sub no date AP etc. But when I wear my Casablanca I get TONS of compliments!!!
Adam is not being adam today whats going on.
He’s basically sick of making these videos and earning no money he’s a busy fool
R H Lets Michael needs to be milked away, since he’s crazy rich, is that what you’re trying to say?
Poor Bastard half his stock has lost a SHIT load of dosh the only good watch is the HULK and why is MIKE wearing a postman’s uniform ?
And don’t laugh about someone who’s dead most disrespectful
The coke was extra good today
Because he's sick of Michael flaunting all these watches and NOT buying him one. Michael needs to buy him a watch, PRONTO!
Never seen Michael in the same clothes twice
BigD u should see his closet tour
He keeps the tags on, and takes them back to the shop next day!
But he did! ruclips.net/video/zxxvXMd6YLE/видео.html and ruclips.net/video/vNxs6Fw29Gc/видео.html
Wrong, he wore the same black and red jacket in his XMAS video
$4000 20 years ago is not the same as $4000 today.heheeh
🔥🔥🔥Produce Michael please do a Rolex giveaway 🔥🔥🔥
Palacios Blogs Hahahaha that's cute
I would flip my shit if he did
Amen to that!
If i can win that giveaway i will give it to my father and tell him you see how i going well 😆😅😅
If he did, I'd be all over a sub hulk.
Watch is classic
Update. That $6,500 sub only took 3 years to double in value 😳
Sell your Mills now... bubbles gonna burst soon.... ;)
WillGTee i agree. also the nautilus when it's not the in watch.
Never understood the hype with richard mille'
That brand popped out from nowhere with crazy price tag, I believe it’s gonna burst but when? It’s still a ???
Not just Mills, all of these luxury bubbles are going to come back down sooner or later. The secondhand market for daytonas, pepsi GMTs, and hulks/batmans are evidence of economic excess. Would be buying at retail prices and selling at secondhand all day - would never pay secondhand price though.
Not just watches, everything is gonna devalue soon. Exotic cars are another good example. The economy in cyclical and we are coming off a high. Especially since Trumps economy is doing good, the elites will crash it to scare people from voting against the establishment again.
Wow you spend over 100k on a watch that’s insane lucky man! I just totaled my vehicle in a hit and run and I’m stressed over that. Crazy the difference in how people live. Your a blessed man!!
I cannot imagine how cozy does this spancky new jacket feels with the shoes, pants and the strap. Like a ski suit.
Yeah, and what about the best investment car? I'm pretty sure a used car salesman could give you some good tips too!
Bro, u nailed it haha....
The tips in that video from the sales person were bang on. Some watches will be worth nothing while others will hold their value. He even tells you that some are for buying with the heart. He is honest.
The missing piece is inflation and there's not even a nod toward it.
rolex sports model ie daytona, batman, hulk, pepsi, coke, rootbeer!
To hear that the 5712 could go for $50k is insane considering their prices now have crept over $100k
Prices are Losing its Financial Equivalents.
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Seems to be bad advice, let's take the first example :
Rolex bought at 3500, 20 years later worth 6500
That's about 3,15% compound interest rate over 20 years
That's about 1% higher than just putting your money in savings account
I'm sure you can do better with a little imagination
and you have a great watch that you can enjoy and wear
@@frettchenklm6984 sure thing, but as an "investment" its a really bad idea, i didnt even account for the service costs every 3 to 5 years.
If you do like rolexes then buy a rolex and enjoy it, don't expect to get rich or break even with it
@@morfosium yes. its more like an extra that you dont loose money or even gain some
@@frettchenklm6984 my point is if you understand basic economy you can see that you will loose money except for very specific models (limited edition or whatnot)
I bought a GMT2 batman edition brand new for 7K. A year in a half ago and now its worth 16K. You can say whatever you want about Rolex time pieces but the point is THEY GO UP IN VALUE or at worse breaking even. Name me a regular Movado or burberry watch that you can sell for the same price you bought it for. High end time pieces are worth it if you are into wearing it because you can good resell value.
That jacket was a bad buy!
Flettino King I like it 😂 I would wear it. It’s kinda fancy/sporty at the same time
Nice to be able to see the dials.Just in case you want to see what time it is.
Rolex Submariner-The Hulk i love it
not avail
Something about this essential watch place just seems sketchy.
Just the prices
Right, considering the stuff they have I would expect more than a one room chop shop
@@faith_alone agreed. Every video I've seen theres a security guard that is always standing there and unlocks the door when somone goes in. Just sketchy to me.
It’s the guy
sportyrider72 lol that’s literally at any high end jeweler. There’s nothing sketchy about this place they just deal with a lot of money
It doesn't matter how much money your watch costs if it keeps time that's all that bothers me lol ,, there's not a chance in the world that I'll spend that money on something that's stainless steel,,,I'd buy a gold necklace or a chunky bracelet and you'll never ever loose money on gold or platinum or even silver.
Geeze.... 15 years ago, spent 3400 on buying amazon or google stocks, your worth is millions now. And it beat inflations. Or 20 years ago, buy a house and you are up 5 fold+. Or just plain buying gold.... Almost baseball cards may beat the returns of these watches.
The title of the video is "Best investment watches you can buy" not "best investments". It's about investments within the watch world. You'd think that would be obvious.
If you look closely during the middle of the video. He has a $250,000 Rolex Daytona Paul Newman sitting in the glass. He didn't bring out the good stuff, no way he wants nearly 1 million viewers seeing that watch.
good eye 👓
We’re Sergeant Pepper’s Lonely Hearts Club Band... We hope you have enjoyed the show... J/K Michael. You are a wonderful find today!
As an FYI to anybody wondering: $3500 in 1999 would be roughly $5275 today.
This guy should be working at Yossi Dina's ... Will definitely be good for his business 😁.... Heck I want to buy one, even though can't afford one.😝
I bought my slightly used Submariner with ceramic bezel and date 4 years ago for 6k.I was going to take the Daytona next to it for $9500. Now my submariner is going for 10k and the Daytona for 18k. Il never sell any of my watches but its cool to see it not only look the same but to be worth more.
What about the BLNR (Batman)? In the space of 5yrs since release its doubled in value - and will go even higher now that the Oyster has been discontinued!
Yup, they've jumped in price by $2000 on the grey market in the last week.
Just hit my first milestone this year after 20 years and Michael, you are exactly right. Work very hard, doing something you love and the world is yours! I just bought two of my favorite Panerai watches, who knows what awaits in the future. Love your channel!
Go for a Grand Seiko if you’re looking for a good investment watch! GS watches are top notch quality and better than most Swiss luxury watches.
I agree.
Don’t kid yourself just because they’re cheaper, Swiss watches are serious quality
Michael, you must be British Rock Star to afford these time pieces! That's right, Keith Emerson is still alive!😂
If you save $200 a month for 3 years you can afford a submariner. It's just a matter of opportunity cost. You have to decide in life where you want your money to go, but realistically anyone with spending discipline can save up to buy a Rolex.
3500 bucks in 1999 dollars is equal to $5400 in 2019. So yes that particular watch did grow in value.
Watches however are not a good investment if you are looking to make money.
You would have been better off buying 3500 dollars worth of coca cola stock at 30 bucks a share in 1999 and having it worth 54 dollars a share today, plus the added bonus of 20 years of quarterly dividends.
Jeff M Hey Jeff, how are you doing😊
This guy proves money doesn’t buy you class 🤦🏻♂️ .... matchy matchy
Such a fun video, yet really informative. Top marks again. Regards from England.
5:45, the HULK submariner is so pretty.
It is and I seen some selling the hulk on eBay for around 19k
The Black Limited Edition of Hulk is also great
My old Timex is the fastest watch I've ever had.
also love this shop owner! such good entertainment
I would rather use a Casio than a RM... I hate those watches with a passion :P
"We buy things we don't need with money we don't have to impress people we don't like."
Dave Ramsey
I went to an AD in 2015 and the price for a steel Rolex Daytona new was $12,000 CAD. Now that same watch used is far more.
Is it just me or is Michael killing it with that jacket? Cool jacket!
Shay I have to agree the jacket he‘s wearing is fire 🔥
Depends what your style is.. I wouldn’t wear any of the flamboyant outfits he does
He does seem like a naff merchant, but a nice guy, all the same.
@MrKayaker69 I personally wouldn't wear it, not my taste. But I think it's stylish in a unique way. Definitely suits Michael.
Didn't you buy the green submariner from him for $15k now he said it's worth $11k?????
I think He bought a royal oak offshore for him in the video $40 million in luxury goods
What about 70s-80s Tudor Submariners with plexiglass crystals? I bought a used one in good shape for $2,000USD in 2010 and my horologist told me at last servicing it's now worth $5,000USD with box, anchor and service records. Are low end Tudors really appreciating in value that rapidly?
4:30 yosi dina would have grabbed it back by now
Always wanted a sub mariner ever since my grandad had one as a kid because he was a huge James Bond fan. My grandad kept his on the classic black and grey nato strap
James Bond wore Omega Seamaster, not Rolex
Shawn Powers The newer Bonds wear seamasters but previous Bonds did wear Rolex.
@@kingpowers93 Sean Connery wore a rolex sub. lol. Omega is only recent.
Can’t get enough of Producer Micheal and Adam such a genuine team!!! Love it