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!
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.
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.
I have the exact same 20 yr old Rolex Sub in steel. I think the key to a watch retaining its value is maintaining the service of the watch. If you don’t maintain the watch it will degrade and lose the crisp operation of the watch. It is always great to see Seth and learning from his background. Thanks Michael for finding this gem of a person and exposing us to him...
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.
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.
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.
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".
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!
One thing I like about this video with Zeth and Michael is that it's educational. One of these days, If I do have enough money, I will definitely go to Zeth's store to buy some pre-owned watches.
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 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.
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!!
@@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.
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.
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.
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..
@@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.
The jeweler that sold me my first Rolex about twenty years ago told me that if you buy a Rolex, you will never lose money. Thus far my two tone Rolex Sub with the diamond dial and blue sapphire 6, 9, 12 was around $5,000. I’m certain that I could get that today! I’ve worn it carefully and to date I don’t have a scratch on it and have loved every minute I wore it. Michael, Seth, you have been spot on with you advice the entire time you have had the channel.
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.
Great job Michael and Adam! love the fact that Michael still concerns about resale value. This shows that regardless of how rich you are, you still need to be wise when spending money. I am also impressed with how Seth can remember all his watches prices.
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.
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.
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
Hi Michael, bought a watch today from Seth. We spoke for a bit on the phone. Turns out we had dinner together two years ago (lots of people there) in LA. We didn't know each other but over 2 years later through your video we figured out that connection.
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.
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.
For me the best rolex is the cellini prince 5441/9 ... Speaking recently with a great collector he told me that the little appreciated 2005 prince collection will be the strong point of future investment for rolex ... The prince has a good caliber 7040 manual and is the first the only one in the history of Rolex with a visible case back
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.
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 :)
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.
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.
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.
hey! this is a sort of unexpected comment but why not. i'd like to know if I could ask you some questions on how you got into the watch industry, it is a lovely area and it definetly is a place im aiming to go to.
i’ve been watching michael for years. 2 months ago my “dream” watch was a 2,000$ bulova. This week i purchased my first ever rolex, a 41mm datejust jubilee with factory diamonds in the face purchased at essential watches. Seth was my salesman and i told him i wouldn’t be here if it wasn’t for michaels inspiration. I genuinely never believed i would get to this point. I thought i’d have a rolex one day in my 30s... and I just turned 24, and it was always just a dream to me. As the guy said before me.. never say never!
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
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.
It's funny they said "Not about the money...Which one would you recommend?" then talks about which will go up in price/loose a penny over time.. But not the actually reason which is the prettiest, looks the best, performs the best in a long time etc. that kind of questions. It doesn't seem like they buy it for the watch and use itself, more, which watch do i buy to either invest in it, or loose the least money with.
Anyone will tell you that buying watches as investment pieces is a poor idea. Very few brands or watches ever gain meaningful value over time beyond Rolex. Unfortunately, the industry is saturated with flippers who'll buy a watch for the sole intention of immediately selling it for a profit.
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.
First watch was $3,500 20 years ago. Considering inflation, in 1999 $3,500 would be equal to $5,364.95 in 2019. Not considering inflation, the value only went up about 3.15% a year for the past 20 years. Considering inflation, its only a 0.97% increase in value annually. Frankly, that is a god awful investment. The historical return rate of the S&P 500 has been 12% over the past 30 years, so you're wayyy better off putting that money into mutual fund(s). $3,500 put in the stock market today, at a 12% rate of return, will turn into $33,762 in 20 years. Hell even if the stock market did "poorly" over 20 years and only did half that return value at 6% (double the rate of return that the watch had, not counting inflation), that'd still turn into $11,224. Another concern I have, is investing in watches assumes old watches will still be valuable and desirable in 20 years. There are multiple generations growing up right now and in the future that are used to checking the time on strictly on cellphones and smart watches, who knows if this market will still be around and profitable in the long term? Michael is clearly very financially successful himself, but the average person is not going to retire or get rich collecting watches and diamonds like he frequently suggests. Research investing in the stock market (mainly mutual funds) and real estate if you are actually looking for ways to make your money work for you.
Very entertaining and informative. I enjoyed Michael, Seth and Adam. Great personalities, all of them. I started watching this video awhile ago and finally got back to it. After watching I subscribed.
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
Wrong buddy, buy something you like and at the same time is an investment. It is really nice if in 10 years shit went down and you could sell your watch for a little more than you paid for it. There are beautiful watches in all prices.
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!
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
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.
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?
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
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.
If donald trump had a love child with austin powers. Groovy baby.
Ha nice one
🎯
😂😂😂
Hhaha
Haha, you made my day...
Perfect submarinerstore , cant say more, its just perfect
I have the exact same 20 yr old Rolex Sub in steel. I think the key to a watch retaining its value is maintaining the service of the watch. If you don’t maintain the watch it will degrade and lose the crisp operation of the watch. It is always great to see Seth and learning from his background. Thanks Michael for finding this gem of a person and exposing us to him...
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.
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!
Can’t get enough of Producer Micheal and Adam such a genuine team!!! Love it
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
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.
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!
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!
One thing I like about this video with Zeth and Michael is that it's educational. One of these days, If I do have enough money, I will definitely go to Zeth's store to buy some pre-owned watches.
''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
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 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.
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!!
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.
Love the guy who educates about the watches. Seem like a honest guy. I would buy watches from him.
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
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.
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..
Hey Michael I’m 16 and your such an inspiration. Please keep making videos, I love them all.
no one asked tho
Go study kid
your gona get hit by life so hard kidoo.Dont dream to much
TUBE DUD I have a trust fund I’m not gonna have to worry but I’m not gonna have Michael money right off the bat
@@carlo_g_1014 i hope u get rich,but more than that i wish u a happy life
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... 😂
Michael and the camera men are a solid duo.. there's nobody like them on youtube
I like these kind of videos jewelry and watches
The jeweler that sold me my first Rolex about twenty years ago told me that if you buy a Rolex, you will never lose money. Thus far my two tone Rolex Sub with the diamond dial and blue sapphire 6, 9, 12 was around $5,000. I’m certain that I could get that today! I’ve worn it carefully and to date I don’t have a scratch on it and have loved every minute I wore it. Michael, Seth, you have been spot on with you advice the entire time you have had the channel.
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.
Great job Michael and Adam! love the fact that Michael still concerns about resale value. This shows that regardless of how rich you are, you still need to be wise when spending money. I am also impressed with how Seth can remember all his watches prices.
The resale only matters when it comes to people like Michael who buys and sells.
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.
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.
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
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.
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.
There was a waiting list for the Rolex Daytona, 15 - 20 years ago.
Hi Michael, bought a watch today from Seth. We spoke for a bit on the phone. Turns out we had dinner together two years ago (lots of people there) in LA. We didn't know each other but over 2 years later through your video we figured out that connection.
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*
Omega Speedmasters are a good buy
Which ones? I own the professional and the Olympic model.
Proud owner of a 116610lv. Discontinued 2020 hulk 🤙 green is my favourite colour
Notification squad!!! I’ve been waiting for this video!
leeets go :D
Haha
00:45 thank you Seth and Producer Michael.
My dad got a submariner like maybe 15 years ago for like 1.1k it's worth like 10k+ now easy.
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.
Rolex Submariner-The Hulk i love it
not avail
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...
An entertaining episode, Michael, but I would have loved to hear more about the Patek’s and Rolexes test were highly collectible.
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
We love Seth. He’s the man
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
$120k
Is the most expensive g shock watch made so far custom
I have two and I love them both. Damn near indestructible i get compliments on my gold and black one all the time
Put 6.5k in to a watch, wait ten years and make 1.5k....seems a poor return to me
Mr S see what your saying however there talking about owning a watch, enjoying it and not paying for that as it will go up in value........ so it’s good value. That’s the point
@Top Dog investing in IRA funds is a wiser decision than putting the money into the bank/credit union if you're looking for a moderate return on your investment. Banks pay very little interest
The point of wearing a watch and the price increasing is really an investment. It may not return you 50% but it will give you the experience of wearing a real watch.
@@aakashkedem6372 "real" watch, expensive watches doesnt make it any more real than 50$ 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.
For me the best rolex is the cellini prince 5441/9 ... Speaking recently with a great collector he told me that the little appreciated 2005 prince collection will be the strong point of future investment for rolex ... The prince has a good caliber 7040 manual and is the first the only one in the history of Rolex with a visible case back
also love this shop owner! such good entertainment
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.
Looking back this guy was right about everything
As an FYI to anybody wondering: $3500 in 1999 would be roughly $5275 today.
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.
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.
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
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.
If you wear that old submariner (5 digit) you have so much more style because it's a lot more elegant then the bulky new one imo.
I like these kind of vids ... ya know , shopping and stuff , not the house tours or wtv
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
This video will be the benchmark of all watch investing videos. Perfectly done,
Omg I was wishing to see this store again thank you Michael
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.
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 would be happy with any watch 🤣
⁰⁰
Get a g shock, they're god-teir mate.
24:48 the guy almost flings the watched across the room xD
Of all the Watch/Jewellery people you feature on this channel Seth is by far my favorite. Cheers!
Being in the watch industry i love this video. All facts were spoken. Great content.
hey! this is a sort of unexpected comment but why not. i'd like to know if I could ask you some questions on how you got into the watch industry, it is a lovely area and it definetly is a place im aiming to go to.
rolex sports model ie daytona, batman, hulk, pepsi, coke, rootbeer!
I might never be able to afford one of these watches but I love watching this show.
never say never !
i’ve been watching michael for years. 2 months ago my “dream” watch was a 2,000$ bulova. This week i purchased my first ever rolex, a 41mm datejust jubilee with factory diamonds in the face purchased at essential watches. Seth was my salesman and i told him i wouldn’t be here if it wasn’t for michaels inspiration. I genuinely never believed i would get to this point. I thought i’d have a rolex one day in my 30s... and I just turned 24, and it was always just a dream to me. As the guy said before me.. never say never!
Michael lives a life that is Rich and enjoyable both!
in some cases if a watch has already gone up too high in price there is chance that it has reached its limit and it stops growing in price.
1 year later and hulk prices went to the moon
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
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.
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.
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! th-cam.com/video/zxxvXMd6YLE/w-d-xo.html and th-cam.com/video/vNxs6Fw29Gc/w-d-xo.html
Wrong, he wore the same black and red jacket in his XMAS video
Guys need more quality watch videos like this !!
@Mrdioparas mind your own opinions!
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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Melrose Avenue shopping spree please ♥️🔥
You are requesting this in almost every video! Damn. Do it Producer Micheal 🎉
yes
$3500 in 1999 to $6500 in 2019 is a profit of only $1200. Do that a mere 100 times to buy a meager home.
esreverni ytilaer you sir belong nowhere near money.
Never thought that shopping for watches could this entertaining... good job!
It's funny they said "Not about the money...Which one would you recommend?"
then talks about which will go up in price/loose a penny over time..
But not the actually reason which is the prettiest, looks the best, performs the best in a long time etc. that kind of questions.
It doesn't seem like they buy it for the watch and use itself, more, which watch do i buy to either invest in it, or loose the least money with.
Jakob Yes
some go up with inflation....but selling them u dob't mean u going gain money...
Anyone will tell you that buying watches as investment pieces is a poor idea. Very few brands or watches ever gain meaningful value over time beyond Rolex. Unfortunately, the industry is saturated with flippers who'll buy a watch for the sole intention of immediately selling it for a profit.
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😊
One of the best watch educational vids I have seen so far. 👍
First watch was $3,500 20 years ago. Considering inflation, in 1999 $3,500 would be equal to $5,364.95 in 2019. Not considering inflation, the value only went up about 3.15% a year for the past 20 years. Considering inflation, its only a 0.97% increase in value annually. Frankly, that is a god awful investment. The historical return rate of the S&P 500 has been 12% over the past 30 years, so you're wayyy better off putting that money into mutual fund(s). $3,500 put in the stock market today, at a 12% rate of return, will turn into $33,762 in 20 years. Hell even if the stock market did "poorly" over 20 years and only did half that return value at 6% (double the rate of return that the watch had, not counting inflation), that'd still turn into $11,224. Another concern I have, is investing in watches assumes old watches will still be valuable and desirable in 20 years. There are multiple generations growing up right now and in the future that are used to checking the time on strictly on cellphones and smart watches, who knows if this market will still be around and profitable in the long term?
Michael is clearly very financially successful himself, but the average person is not going to retire or get rich collecting watches and diamonds like he frequently suggests. Research investing in the stock market (mainly mutual funds) and real estate if you are actually looking for ways to make your money work for you.
Same comment to you - why index against s&p 500? Looking at the beta on the secondary price market, it's closer to a zero-coupon TIPS
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
Very entertaining and informative. I enjoyed Michael, Seth and Adam. Great personalities, all of them. I started watching this video awhile ago and finally got back to it. After watching I subscribed.
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!
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
dont buy to invest, buy what you like
Wrong buddy, buy something you like and at the same time is an investment. It is really nice if in 10 years shit went down and you could sell your watch for a little more than you paid for it. There are beautiful watches in all prices.
why not both?
Lmao thats why most ppl are in debt now buying what they like u poor fool!
Not much of a businessman are you?
4:30 yosi dina would have grabbed it back by now