Something like a '77 Corvette Stingray? An older Diesel Mercedes? Just guessing. I know little about cars.
Buy a Rolex. Spend $8500 on a Submariner and it will be worth $14K in a year. I buy mine to wear, so they get scratched, but a lot of people buy them and store them away for just the reason you mentioned.
Yes, hadn't thought of a Rolex, good idea.
Spend $8500 on a Submariner and it will be worth $14K in a year.
Not that I doubt you, but why is this the case? Just inflation?
Demand is great. There seems to be a bubble, but I don't think it is busting any time soon. Rolex just increased prices for 2022 by 5%, as well. There are people on 2 and 3 year waiting lists for popular models like the Submariner and the GMT Master II. A lot of these people who buy Rolex are flipping them and driving up the prices. That is why when I walk into a Rolex dealer, I show them that I'm already wearing one with dings so they know I am an enthusiast and not a scumbag grey market flipper. As a first-time Rolex buy, you probably will not be able to get a Sub or a GMT, but you can get something like an Explorer 2 or a Milgauss and while those won't double in value, they will still go up 25%-30%.
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