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GET A PIECE OF ROLEX OYSTER COSMOGRAPH DAYTONA
Invest in Vintage Watches
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Offering Circular | Operating Agreement | Terms Sheet | Selected Risks Related to this Offering | StartEngine Collectibles' SEC EDGAR Page | Section 17(b) Disclosure
This Reg A+ offering is made available through StartEngine Collectibles Fund I, LLC. No broker-dealer or other intermediary is involved in this offering.
- The Brand: Rolex, the Swiss watchmaker with British roots has been the name most associated with luxury wristwatches for over 50 years. It features in the 2020 Forbes list of the world’s most powerful brands. The strong demand by collectors worldwide is felt at every auction where all Rolex watches consistently sell well above their high estimate. Models that define the Rolex brand are even more prized.
- The Watch: In 1963 Rolex launched the Cosmograph, it was designed as the ultimate timekeeping tool for the legendary 24-hour endurance car race at Daytona, Florida for which Rolex is the official timekeeper. The watch soon started to be referred to as Rolex Daytona. This current item is part of the last series of the first generation Daytona produced by Rolex between 1971-1988. It is stainless steel with a 37 mm case and a silver dial with black sub dials. This watch comes with its original box and papers.
- The History: The Daytona is amongst the most recognizable collector watches in the world, it was iconized by actor Paul Newman who wore a Daytona every day after it had been gifted to him by his wife. In 2017 it set a world record at auction at Phillips when it brought in $17.75 million.
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The Market
*This graph represents some historical auction results for comparable works of Series Watch #Rolex6265, and does not reflect the value of or potential returns on the work currently being offered by StartEngine Collectibles. Prior performance of comparable works is not indicative of future results.
WHAT IS SE Collectibles?
StartEngine Collectibles is the future of alternative assets
StartEngine democratizes investment opportunities in assets once reserved for industry professionals and the affluent, by breaking down the barriers to entry such as marketplace access, industry insights, proper procurement, authentication, storage, and insurance for these alternative assets.
Alternative Investments:
The 2018 U.S. Trust Insights on Wealth and Worth survey on wealthy households found that while baby boomers and older investors rely primarily on traditional stocks and bonds, younger investors, especially millennials, are more likely to incorporate alternative strategies into their investment portfolios.
Millennials allocate 17% to alternatives and assets other than stocks, bonds and cash. It also found that 61% of millennial investors think it’s not possible to achieve above-average returns by investing solely in stocks and bonds anymore, and are looking for alternative investments. For example, the report showed that millennials are the fastest-growing segment of art collectors, up 8% year-over-year and comprising 36% of total respondents. We believe these shifts in millennial investing tastes suggest there will be more interest in investing in alternative assets.
LINKS:
Why Your Rolex May Be an Even Better Investment Than Stocks, Real Estate and Gold
What Investment Beats Stocks, Bonds, Real Estate, and Gold? A Rolex.Interested in purchasing this investment opportunity outright? Email assets@startengine.com.
Do you have artwork you would like to sell using Start Engine? Email assets@startengine.com.
DISCLAIMER:
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE .
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
THERE IS NO EXPECTATION THAT AN ACTIVE PUBLIC OR PRIVATE MARKET WILL BE ESTABLISHED FOR THE SECURITIES IN THIS OFFERING, EITHER IN THE UNITED STATES OR ANY FOREIGN JURISDICTION, WHETHER THROUGH STARTENGINE SECONDARY, THIRD-PARTY REGISTERED BROKER-DEALERS OR OTHERWISE. FURTHERMORE, EVEN IF A MARKET WAS ESTABLISHED, THERE IS NO GUARANTEE THAT FOREIGN INVESTORS WOULD BE ABLE TO PARTICIPATE IN TRANSACTIONS ON THOSE MARKETS. STARTENGINE SECONDARY CURRENTLY DOES NOT, AND MAY NEVER ALLOW FOREIGN INVESTORS TO ESTABLISH OR MAINTAIN SUBSCRIBER ACCOUNTS REQUIRED TO TRADE SECURITIES ON THE ALTERNATIVE-TRADING SYSTEM.
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ABOUT
HEADQUARTERS
3900 W ALAMEDA, AVE STE 1200
Burbank, CA 91505
WEBSITE
View Site
TERMS
Rolex Oyster Cosmograph Daytona
Overview
PRICE PER SHARE
$8
DEADLINE
Apr. 9, 2023 at 6:59 AM UTC
VALUATION
$84K
FUNDING GOAL
$8 - $84K
Breakdown
MIN INVESTMENT
$8
MAX INVESTMENT
$84,000
MIN NUMBER OF SHARES OFFERED
1
MAX NUMBER OF SHARES OFFERED
10,500
OFFERING TYPE
Equity
SHARES OFFERED
units
Maximum Number of Shares Offered subject to adjustment for bonus shares
ALL UPDATES
06.06.22
StartEngine Collectibles Now Accepts International Investments and Investments from Washington and New Jersey
StartEngine Collectibles is now accepting investments from Washington and New Jersey as well as from international investors. If you are an investor from WA or NJ and were not previously able to submit an investment, now you can!
Simply complete your investment flow as you normally would and our team will handle the rest!
We truly appreciate your patience and hope to have more updates soon.
This Reg A+ offering is made available through StartEngine Collectibles Fund I, LLC. No broker-dealer or other intermediary is involved in this offering. StartEngine Collectibles Fund I, LLC is not currently accepting investments from FL and TX.
04.11.22
You Can Now Invest in the Rolex Oyster Cosmograph Daytona | Confirm Your Investment
StartEngine is proud to start offering watches as our newest alternative investment opportunity!
The Rolex Oyster Cosmograph Daytona is now LIVE for you to invest in. If you made a reservation, be sure to confirm before shares fill up.
According to Robb Report, “Bob’s Watches found that Rolexes easily outperformed both gold and real estate during that time (the last decade) after analyzing market data from mactrotrends.net and the Federal Reserve Economic Data (FRED) database (source).”
This Reg A+ offering is made available through StartEngine Collectibles Fund I, LLC. No broker-dealer or other intermediary is involved in this offering. StartEngine Collectibles Fund I, LLC is not currently accepting investments from WA, NJ, FL and TX. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Please see the offering Offering Circular and Related Risks for more information.
JOIN THE DISCUSSION
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Victor Aisenberg
3 years ago
@Leon Benrimon Hello I am interested in your watches is it possible to communicate by email or send me your number at this email address (aaronwagner22@swissmail.com) thank you
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Terrance Duncan
3 years ago
Is this a attempt to Tokenize the ownership of this watch?
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Al asparisi@gmail.com
3 years ago
Are people really this stupid to “invest” in a portion of a watch ? LOL! This actually should be illegal. It’s a pure scam.
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M S
3 years ago
Can I please have the details of the insurance policy that covers the specific asset and who it is insured by?
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Leonardo Liao
3 years ago
There isn't enough detail in this listing. Watch prices can change a lot depending on whether or not it comes with the original papers and/or box. Where will the watch be stored/secured? Will there be ongoing insurance payments? What's the current condition of the watch (especially considering its from ~1975?) Has it been serviced?
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S R
3 years ago
Do I get taxed on income? How much is the maintenance cost per month?
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Ken Exton
3 years ago
I do not understand this. You need to provide a clearer picture of what I am getting for my money. What is the timeframe? When can I expect to see returns and inn what form?
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Dennis Fraser
3 years ago
Why should I invest? This seems like a faulty investment from the start. No benefits, nothing? I think I'll invest in something more worthwhile.
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Henry Starr
3 years ago
I don't own a Rolex. So! How do I earn by investing in a timeless watch? Please advise.
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Kirk Bates
4 months ago
Hello, I have not received any updates on this for over 2 years. Am I missing something? Was the watch ever sold?
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