DH says I’m ridiculous for wanting to spend this amount of money on a watch, who is BU?

[Halowinslet]

I’ve been lusting after a Rolex datejust for as long as I can remember, but have always stopped myself from buying because there has always been something more ‘sensible’ to do with the money, like keeping it in savings or spending money on an experience like a holiday. This year I’ve been feeling pretty low what with the current situation and there’s no way I’ll be able to go on holiday this year as I’m vulnerable health wise.

Announced to DH this morning that I’m thinking about treating myself to a nice pre owned Rolex (£6k) on the basis that it’s what I’d usually spend on holidays in a year anyway and they hold their value pretty well, in the event that I ever wanted/needed to sell.

DH thinks I’m being absolutely ridiculous spending such a large amount of money on a watch and now I’m wondering whether I’m having a moment of madness. I should point out that the funds would be coming from my own pot of money, rather than joint.

I'm presuming you're a woman, my apologies if I am
wrong. I think while it is definitely true about men's Rolexes and other brands (the right models of course) holding their value well, particularly if you buy second hand, unfortunately ladies' watches simply don't hold their value once they're not new. I hope this will change though in the future.

However, you don't need to use this as justification. I have 5 watches varying in value from £1000-5000, they were all bought new and I couldn't care less what they're worth now. I alternate wearing them daily, they're insured and they give me great pleasure to wear. They were all presents from my husband and we could afford them. I don't own a Rolex but would love to so am excited for you. Go and try one on and see what you think. If it makes you happy go for it!

Everyone has different opinions and at the end of the day you should do what is the best thing for you.

Hang on....he's saying ridiculous like its a bad thing? Tell him normal sucks. Not as much money but I have got a small collection of silver sliding hinge cigarette cases...only started collecting 8 years ago and they have doubeld in value.

I would be concerned about being mugged. As I have got older I tend to keep under the radar.

DH has just spent £4k on a Bremont, it was part of his inheritance money from DFiL and he wanted a lasting reminder that he can pass on to DGS, it will hopefully go up in value too, but that’s not why he bought it, the particular model has special meaning for him.

@Shade17

It is undeniably a ludicrous amount of money to spend on a watch.

I bought a watch in 2015 for £6k which is now worth £30k. Really kicking myself for doing that. Not.

Did you watch Wayne's World around the same time?

6k is a lot of money for a watch. Yes, in many cases they are investments but that doesn't change the fact.

Did you watch Wayne's World around the same time?

Funny you should say that, I watched it last week for the first time in about 20 years.

Go for it. My husband bought me one for our twenty-fifth wedding anniversary. I love it. It is solid, classic, not ostentatious, doesn’t get scratched (wear it all the time) and is a constant reminder of my beautiful husband who was killed shortly after our thirtieth wedding anniversary. I would not be without it.

I’m usually all for lux purchases but in terms of normality.
I you are millionaires, and don’t know what to do with money, go for it.
But if you are not then I think it’s absolutely waste of money.
My in laws both have Rolex watches and I don’t get it. My mil hardly wears them as too scared that she will lose them.
I really want to buy LV bag brand new but I can not afford it- I could put it on credit card but I no I can’t , seems just too much.
Instead of I bough a second hand LV bag .
But 6k?
Too much.

How vulgar !
You must be very " nouveau riche"

You only have one life to live so if something you can buy makes you happy everyday when you wear it then it is priceless.

Somethings I won't spend a lot of money on but others I will spend far more than that and I actually don't care because it's my money.

I think the OP is only hesitating because her DH said it was ridiculous. OP, does your DH spend lots of money on anything in particular. Mine does on cars and I don't get it but it makes him happy so I just roll my eyes when he wants a new one and let him get on with it. He also supports me if I want to buy anything expensive. You certainly can't take the money with you when you die.

Isn't now a bad time to buy given the price of used watches? In some cases they are even more expensive than brand new ones due to restricted supply etc etc. I'd probably hold fire.

If you have your own my Ney and no kids I don't see the problem. I expect your partner spends his money how he wants to. Don't let him dictate to you what to do with your money.

@Jaguar77

How vulgar ! You must be very " nouveau riche"

Ridiculous comment

I’d buy it. Good watches hold their value.

My dream watch is a vintage Rolex with a big gold face and brown leather strap. No idea what the models are called though!

If I could afford it right now I'd do it OP!

Buy it if it’s what you want
However I echo other posters about trying a few options - I thought I wanted something else before I settled on my omega constellation as an ‘everyday’ watch
If it’s your money then it’s not up to him
I am not the best person to give advice re spending though - since my Dad died a few months before lockdown I’ve spent at least 15k on Jewellery

Personally I wouldnt spend that on a watch, but if you can afford it and it makes you happy then do it

@Blossomtoes

A holiday can be the source of many happy memories which are priceless to some people

Of course but the one thing it’s never going to be is an investment, whereas a collectible watch or a well chosen piece of art give the owner pleasure and attract a profit.

As long as you know it will be an investment.

I've never thought 'I wish I'd bought' anything. I only regret things I didn't do. My memories give me more pleasure than things.

I associate that kind of watch with criminals and wives of criminals to be honest. A sort of money laundering.

[quote DanniDuck]@GreyhoundG1rl

Very much explaining to the plebs that they were just too unsophisticated to appreciate these things properly, rather than an understanding that tastes differ widely, even amongst similar income brackets.

What a vile and judgemental comment.[/quote]
Read it again. It’s actually the reverse.