A look at the 2004 Vintage Rolex Market
Using Capetown Jewelers as my reference. It’s quite amazing how good the deals were back then. Of course you should adjust for inflation.
These go for about about double those prices now, if not slightly more.
As New Mint 1680 Submariner Date for $2490
Early 60’s era 5513 Submariner Non-Date for $2590
If you bought $2500 in Apple stock in 2004, it would be worth $76,644.
So yeah, watches are a bad investment.