Rolex watch - would you sell an inherited one to get out of financial difficulty?

You inherited an expensive Rolex watch from your parents and is one whose manufacture was limited or only for a few pieces. You value very much the heirloom and it has even been years that you are keeping it for safety. You even hesitate wearing it for fear of losing it to robbers and hold-uppers but would want to hold on to it because of the memory and sentimental value attached to it. But then, times go hard for you and you experience great financial difficulty and you needed money direly.

Would you sell that Rolex watch that has become the only memory of your parents and one of very high sentimental value to you?

Re: Rolex watch - would you sell an inherited one to get out of financial difficulty?

i'd say no

just admit you are bust and find alternatives, like reducing your expenditure and lower your lifestyle to something more affordable, feasible.

very much depends on what will happen after the income from the rolex disappears

Re: Rolex watch - would you sell an inherited one to get out of financial difficulty?

No.

^ this sounds very familiar!

Nah, I wouldn't...sentimental value means alot than the short term gain from selling it.

Re: Rolex watch - would you sell an inherited one to get out of financial difficulty?

Go for it. Rid yourself of all these darned material possessions. Sentimental attachment knows no price, you can have a cheap article to be sentimentally attached to too.

Alternatively girvi the watch and take out a loan against its value. If you're unable to pay back the loan in due time then go ahead and sell it.

If i was in your situation, that Dad gave me his watch which was given to him by his father, i will try my best to not sell it. But if the situation is worst and i couldn't able to find any alternative ways to handle it. I will sell it on a condition to buy-back in future !

Re: Rolex watch - would you sell an inherited one to get out of financial difficulty?

I understand the emotional reasoning but if that is my last resort out of my financial situation, I will sell it.

Re: Rolex watch - would you sell an inherited one to get out of financial difficulty?

I agree with TLK.

Re: Rolex watch - would you sell an inherited one to get out of financial difficulty?

^ you have no choice :p

There's a bidding programme aired on BBC (i can't remember the name of it) but people are always selling their inherited things on that programme dating back to whatever... the older it is, the more intact it is, the more its worth... and they certainly don't look like they're in any kind of financial crisis... when their item gets sold, the host asks them what they'll do with the money and they're like "ooohhh a nice warm holiday" rolls eyes

back to ur question: I think the answer is quite clear from the responses above.