drolling...torontotim wrote: ↑ I should have maybe left the Snowflake off the list Antiques are a family business, so many of the purchases have been through that channel and were made some time ago. The Internet ruined things - everybody knows what things are worth now. Hard to buy the $100 Rolexes we used to.
My main point is for $4000, you can invest in a proper collectible timepiece that will likely increase in value as opposed to walking into a store and buying new, shelling out more tax to the government and losing money instantly.
I had an early straight second hand 1655 Explorer II for a while, wearing it to work in the early 90's. We had a $1200 price tag on it back then.
Probably paid $200 for it, and I ended up keeping it till the internet came along and sold it for $7000 almost 20 years ago. The money went into RRSP's and has probably done about the same in terms of appreciation as the watch would have.
The Snowflake was a fluke. Appears to never have been worn.
vintage watches are very tricky, takes lots of knowledge and the vast majority don't have it, its too easy to be scammed out of a lot of money.
I try to avoid vintage unless I know and trust the seller. Investing in watches is not something I would recommend unless you can buy a new Rolex from and AD. Buy what you want to wear and can afford.
Invest in RRSP or Real Estate - but I'm no expert, just my opinion.