Hello everyone, reaching out to the community for advice.

I have an opportunity to purchase the Yacht Master 42 in white gold Oysterflex. This would be my first purchase with Rolex. I have always had a preference for Cartier or Breitling, however this was recommended and wow, it’s beautiful!

However my budget is £15k, so this would put me back financially being just over £25k, it would also delay some other projects for 4 to 6 months. With that being said, it’s nothing I can’t work out, just eat beans and toast for a while haha.

I’m not even sure about insurance on this.

I would like to know what you guys think of this watch, is it a good find, a good investment etc. Would you take this opportunity and purchase?

Any advice or opinions are greatly appreciated.

  • guarneer@alien.topBEnglish
    1·
    1 year ago

    If the beans and toast wasn’t a highly exaggerated joke, you need a reality check. It’s a watch dude. Be responsible.

  • Tae-gun@alien.topBEnglish
    1·
    1 year ago

    I would recommend against pulling the trigger here.

    1. Watches are almost never investments. They are mostly like cars - they start depreciating the moment they leave the dealer in your possession.
    2. It’s excessively steep for your budget; as others have noted, you can get that watch on the grey market or secondhand for substantially less (also ties into point 1 above).
    3. Given that its list/purchase price is more than 1.5x your budget, you need to consider how it will enrich/benefit your life (my guess is that it won’t, at least not in a way that would justify going over budget by that much). Note that if you had your eye on something in the 4-5k range this would not need to be a consideration.
    • -Athy@alien.topOPBEnglish
      1·
      1 year ago

      Oh this is interesting, thanks for the info, and thank you to everyone else for commenting.

      I’m going to leave it for now and continue to save for a while.

  • Rangercleo1@alien.topBEnglish
    1·
    1 year ago

    A watch is a “want”, not a “need”, so I would never advise buying a watch you can’t easily afford. Save up since there will always be another watch.

    • judohart@alien.topBEnglish
      1·
      1 year ago

      That’s how my dad taught me also, as long as it is easily affordable I should consider it.

  • Hoaxygen@alien.topBEnglish
    1·
    1 year ago

    Hold off for the rest of the year and see what 2024 looks like. Watch prices are on the decline.

    No watch is worth paying for over retail. And that includes Rolexes.

  • Th1rt13n@alien.topBEnglish
    1·
    1 year ago

    You mental or what? You didn’t want this watch, this watch is almost double your budget and yet you’re asking strangers on internet if you should go ahead and buy it?!

    Sure thing, do it for the sake of lolz

    • -Athy@alien.topOPBEnglish
      1·
      1 year ago

      I am looking for a new watch and open to suggestions, again I think this is beautiful and wanted to check if it’s a sound investment and I have my answers. I may consider this in a few months time, or choose something else that may come along.

  • Semy-D@alien.topBEnglish
    1·
    1 year ago

    Of course, buy a luxury piece of jewellery thats way above your budget based on the opinions of strangers on reddit, thats a great idea!

  • SonicDethmonkey@alien.topBEnglish
    1·
    1 year ago

    Considering that you both didn’t really want it initially and that it’s way over your budget, I’ll answer your question with another question. Why WOULD you buy it?

  • SXLF@alien.topBEnglish
    1·
    1 year ago

    Well, when you cut through the filler the question boils down to this:

    “I want a watch for £15k (because that’s what I can reasonably afford). Should I buy a watch for over £25k (just because they asked if I wanted to)?”

    I wouldn’t want strangers over the internet to influence my answer to that question.

  • 64Olds@alien.topBEnglish
    1·
    1 year ago

    You should totally 100% go for it. Fantastic watch, fantastic investment, great price, totally worth a downpayment on a decent house.

    • -Athy@alien.topOPBEnglish
      1·
      1 year ago

      Yes, I’ve been looking at the many variations of the Submariner, some nice options. I wish the Oysterflex was available on other models.