Tuesday, March 17, 2015

Is this One of the best Investment Items since 1980 to 2015?

YearMSRP
2/1/19813725
9/1/199833360
1/1/200038800
1/1/200139520
7/1/200345720
10/1/200449360
8/6/200649500
1/12/200754500
1/29/200761300
10/2/200758800
12/14/200763300
3/10/200867700
7/15/200869800
2/3/200973300
9/29/201075500
1/11/201179900
4/18/201183200
7/4/201187500
8/18/201490000


Refer to the above table that states the Rolex AD MSRP price of Daytona Ref 16520

I ploted a chart to tell how does it run over these years... as below




What is the best investment for the past 35 years in HK!??
A house like Mei Fu Shun Chuen, that was about $30,000 in 1968 and about $250,000 in 1980 and now is $9,880,000 per unit.
1980 to 20156 appreciatioon factor is about 40 times.

Whereas if you bought that Rolex Daytona Steel Ref15620 in 1980, your cost was HK$3,725.

If you don't use it, keep all Full Set until now, Minimum you can sell as good as HK$98,000 (selling price of Such new Ref 116520 Daytona in Rolex AD) your minimum profit gain is $94,275.
Appreciation factor is 98000/3725=26.3 times.

But who know if you put it in Auction, since it is still mint condition, you may go for an Auction of $200,000 (my rough estimation), that is a higher gain factor (53) than Mei Foo Sun Chuen !!

HK Snob


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