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The Watch Appreciation Thread (Reviews and Photos of Men's Timepieces by Rolex, Patek Philippe, Breitling, JLC etc...) - Page 2671  

post #40051 of 48312
Quote:
Originally Posted by in stitches View Post


In other news, the condescending, self affirming, know it all, attitude, is strong in here today.
Only to be bolstered with your arrival.





j/k
post #40052 of 48312
Quote:
Originally Posted by Belligero View Post

Not a fan. That date window in the middle of the dial has me picturing tumbleweeds inside the case. Good luck to whoever buys that if they're not looking to get burned on resale. I think these meaningless fluff watches are going to be the first ones culled with the Swiss Franc situation.

Don't disagree with you here, but even you have to admit that this looks better than their previous designs.
post #40053 of 48312
Quote:
Originally Posted by bkotsko View Post
 

Thankfully no one who comes to this thread works for big Pharma.


I'd definitely like to go back to that industry at some point :embar:.

post #40054 of 48312
Quote:
Originally Posted by Superfluous View Post

Do you all insure your watches? If yes, replacement value or market value? And with who?

Yup - you typically need to provide a valuation. Should make you feel more comfortable taking it out on the streets.
post #40055 of 48312
Quote:
Originally Posted by Belligero View Post

That pudgy, singsongy idiot at ablogtowatch is a complete and utter shill, and a piss-poor writer on top of it. I can't believe that someone with so little talent and skill can apparently make a business out of breathlessly dry-humping every piece-of-shit watch that comes down the pipe from even the dodgiest company.

teacha.gif

You sound fun smile.gif

That's funny about ablogowatch, though they spend about half their podcast making fun of watch companies with their silly Swiss accents.
post #40056 of 48312
I quite like reading Hodinkee, although ablogtowatch is just terribad. And that name...
post #40057 of 48312
Quote:
Originally Posted by Superfluous View Post

If I'm spending a lot of money on an engagement ring for my girlfriend, shouldn't I get an engagement watch? Or at least a watch for the wedding? I think so... Maybe make her dad pay for it as a dowry? Thoughts? lol8[1].gif

Wait and see how much the wedding costs, it might make your engagement ring seem quite reasonable ;).   Who knows, if you are lucky maybe you will be surprised with a wedding gift.  Mrs. Dino surprised me with a Rolex Explorer 2 as a wedding gift.  Wishing you luck with your wedding!    

 

Quote:
Originally Posted by Superfluous View Post

Do you all insure your watches? If yes, replacement value or market value? And with who?

Yes,  but its generally a stated value, and you pay a premium based on the piece being insured for X amount.  Some policies offer the option of a value increase each year to keep up with price increases.  However, if you have some rare collectible that is worth far more than you paid, you would probably want an appraisal from someone very knowledgeable, indicating an accurate current value.  The type of policy you get may depend on your residence.  If you are in an apartment you might get a "rider policy" to go with your renter's insurance policy.  If you have a home, a home owners policy typically will only provide you with $1,000-2,000 for replacing jewelry, unless it is specifically listed with them and you are paying an additional premium for the watch/jewelry.  You can also get separate policy, I know some people use Chubb or some other company, I think called Jewelers Insurance or something like that.  Also, if there are pieces you rarely wear, if you get a safe deposit box at a bank and keep the watch/jewelry there, and have it declared on the policy as in vault you will get a significant discount (the down side is you can't just access or wear those pieces when you feel like it).  I forget what the basic rate is but the premiums used to be something like $1.10 for every hundred dollars of insurance you purchase.  

 

I've known a few people that lost a watch/watches due to theft, and not having their watch/watches properly insured  really added insult to injury after having their stuff stolen.   

 

Quote:
Originally Posted by Belligero View Post


Oui, avec plaisir!

It's the basic steel 116000 Oyster Perpetual, which is the simplest men's model Rolex currently manufactures now that the Air-King is on hiatus. The dial colour is called "White Grape", and it takes on a great variety of tones and colours depending on the lighting and angle. I believe that RFX recently got the blue 3-6-9 dial version, which is also excellent in my opinion.

The bracelet is genius — I particularly appreciate the bas-relief crown on the sculpted clasp:


Image lifted from http://rolexoysterperpetualday-date.blogspot.com because the stickers still haven't come off mine yet.

edited to add better clasp detail photo:

photo credit: Space-Dweller on TRF

 

Interesting dial color and more importantly I love the clasp with the bas relief crown. I'd like to see the crown in bas relief on more models going forward. 

 

Quote:
Originally Posted by Tried and True View Post


A watch's potential resale value seems to be a priority here and in other WIS enclaves but I wonder what percentage of luxury watch buyers take that into consideration when making a purchase.

Not sure its a priority, so much as a consideration.  For someone that tires of watches quickly and likes to trade/sell them, then it could be an important factor. In addition, if its someone with a modest budget, then it could be an important consideration (especially, if they continually trade 1 watch to get into another one).  Its also good to know that a brand doesn't have good resale because if you really like one of their offerings and the price is out of your reach, a LNIB pre-owned at a fraction of the MSRP could put that watch on your wrist.   

 

As long as the buyer is happy with what they are buying that is what is important.  I've bought brands that I liked, some have great resale, others not as much, but the key thing was that I liked them and I educated myself enough to know what to expect in terms of value if the watch wasn't a good match for me and I decided to sell/trade it. 

post #40058 of 48312
Quote:
Originally Posted by Dino944 View Post

Wait and see how much the wedding costs, it might make your engagement ring seem quite reasonable wink.gif .   Who knows, if you are lucky maybe you will be surprised with a wedding gift.  Mrs. Dino surprised me with a Rolex Explorer 2 as a wedding gift.  Wishing you luck with your wedding!    

Yes,  but its generally a stated value, and you pay a premium based on the piece being insured for X amount.  Some policies offer the option of a value increase each year to keep up with price increases.  However, if you have some rare collectible that is worth far more than you paid, you would probably want an appraisal from someone very knowledgeable, indicating an accurate current value.  The type of policy you get may depend on your residence.  If you are in an apartment you might get a "rider policy" to go with your renter's insurance policy.  If you have a home, a home owners policy typically will only provide you with $1,000-2,000 for replacing jewelry, unless it is specifically listed with them and you are paying an additional premium for the watch/jewelry.  You can also get separate policy, I know some people use Chubb or some other company, I think called Jewelers Insurance or something like that.  Also, if there are pieces you rarely wear, if you get a safe deposit box at a bank and keep the watch/jewelry there, and have it declared on the policy as in vault you will get a significant discount (the down side is you can't just access or wear those pieces when you feel like it).  I forget what the basic rate is but the premiums used to be something like $1.10 for every hundred dollars of insurance you purchase.  

I've known a few people that lost a watch/watches due to theft, and not having their watch/watches properly insured  really added insult to injury after having their stuff stolen.   


Thanks. What do you mean "it's generally a stated value and you pay a premium based on the piece being insured for X amount." Does that mean that you can choose to insure for less or more? The problem is, Rolex gave me an "appraisal" for replacement value. However, my state farm insurance quote on that amount is really high and they said it's because it's over $25k and that it really skyrockets above that. Market value is less than $25k and I'd be okay with insuring it for under. Do other insurers allow you to choose a lower insurance value or do they need an appraisal for the lower value in order to issue one?

I haven't done much research into insurance. I simply asked Rolex for an appraisal during service and then put it on the back burner when State Farm gave me a very high quote. Now I need to revisit it and I figured I'd ask here to start.
post #40059 of 48312
Quote:
Originally Posted by Belligero View Post

Warning: Spoiler! (Click to show)
Oui, avec plaisir!

It's the basic steel 116000 Oyster Perpetual, which is the simplest men's model Rolex currently manufactures now that the Air-King is on hiatus. The dial colour is called "White Grape", and it takes on a great variety of tones and colours depending on the lighting and angle. I believe that RFX recently got the blue 3-6-9 dial version, which is also excellent in my opinion.

A big plus for me is that the bracelet centre links and top of lugs are brushed instead of polished. This extra reflective surface is tolerable on the Daytona — I guess — but to be honest, that's my least favourite feature of the 116520 and I would wear it a lot more if they hadn't done that.

Also, you get all the good shit like the Parachrom balance spring in the 3130 movement, which (IMO) is the top mechanical three-hander for reliability, durability and toughness in real-world use. There are no corners cut on this one; it's just less blingy compared to the Datejust. I'll have to do a group photo at some point to illustrate side-by-side with the sports steel models.

The bracelet is genius — I particularly appreciate the bas-relief crown on the sculpted clasp:


Image lifted from http://rolexoysterperpetualday-date.blogspot.com because the stickers still haven't come off mine yet.

edited to add better clasp detail photo:

photo credit: Space-Dweller on TRF


And yes, it's a 36 mm case. I consider it to be ideally-sized for a man's wristwatch, and I say this as someone whose wrists are 200 mm in circumference. Some who don't appreciate understatement say it's a bit undersized, but I assume that's just because they're disgruntled due to having small wangs.
wink.gif

As the regulars know, I'm a bit of a design fascist, and there's nothing to annoy me on this watch.
biggrin.gif
Hope this helps!
I want this clasp on my Explorer.
post #40060 of 48312
Quote:
Originally Posted by Tried and True View Post

Only to be bolstered with your arrival.
j/k

But of course. smile.gif
Quote:
Originally Posted by TheTukker View Post

Yup - you typically need to provide a valuation. Should make you feel more comfortable taking it out on the streets.

I hate insurance companies. No matter how you insure your stuff, if something happens, they are going to try and screw you some how.

The most common case is that you get your item appraised for its proper value, and pay your premium based on that. However, every major insurance company buys watches and jewelry at wholesale pricing, hell, I know a place in GA that has a full time staff that is dedicated to providing jewelry for one major insurance company. Thats all they do, all day. As such, if you decide to get a check, they are going to pay you what they would pay to replace the item, not what you paid, or what the value is on a retail level. The other option is that they simply replace the item with an identical one, but again, they are buying it at a highly discounted price.

That being the case, why in the hell are you paying a premium of $X per hundred/thousand of the insured amount, when in reality, in no situation of loss, is that the amount they are going to pay? They should be the ones assessing the value and having you pay your premium based on that, the actual value they are in fact insuring. The same way they can asses value after the fact, they could, and should, do so before the fact. In essence, almost every watch or jewelry item is over insured, and everyone is paying too much on their premiums.

I hate insurance companies more than some of ya'll hate Big Pharma.

/rant
post #40061 of 48312
Quote:
Originally Posted by Superfluous View Post


Thanks. What do you mean "it's generally a stated value and you pay a premium based on the piece being insured for X amount." Does that mean that you can choose to insure for less or more? The problem is, Rolex gave me an "appraisal" for replacement value. However, my state farm insurance quote on that amount is really high and they said it's because it's over $25k and that it really skyrockets above that. Market value is less than $25k and I'd be okay with insuring it for under. Do other insurers allow you to choose a lower insurance value or do they need an appraisal for the lower value in order to issue one?

I haven't done much research into insurance. I simply asked Rolex for an appraisal during service and then put it on the back burner when State Farm gave me a very high quote. Now I need to revisit it and I figured I'd ask here to start.

I don't use State Farm, so I have no experience with what they will or won't allow you to do.  Call and ask them if they will let you insure it for less.  As long as you understand that it will only be insured up to maximum stated value that you chose, I don't see why they would have a problem with that.  However, if they insist on an appraisal, bring it to a respected watch shop and get a more accurate appraisal.  That way you aren't paying a premium well above what the watch is truly worth if you would simply replace it with another watch of the same age and condition, should something happen to it.  

post #40062 of 48312
Quote:
Originally Posted by in stitches View Post

I hate insurance companies. No matter how you insure your stuff, if something happens, they are going to try and screw you some how.

That being the case, why in the hell are you paying a premium of $X per hundred/thousand of the insured amount, when in reality, in no situation of loss, is that the amount they are going to pay? They should be the ones assessing the value and having you pay your premium based on that, the actual value they are in fact insuring. The same way they can asses value after the fact, they could, and should, do so before the fact. In essence, almost every watch or jewelry item is over insured, and everyone is paying too much on their premiums.
 

I'm no fan of insurance companies either, but its important to do your homework and get it through a company with a solid reputation.  I work in an industry that deals with insurance companies all the time.  I can tell you that they are NOT all the same.  There are some auto companies I would avoid like the plague. 

 

Back to your question, "Why in the hell are you paying a premium of $X per hundred/thousand of the insured amount?" Because it goes back to the old saying, "He who has the gold, makes the rules."   Insurance is an option, not a right.  They can simply say if you don't like how we assess a premium you don't have to get insurance.  They all seem to charge $X per hundred/thousand of value you are insuring, so there is little choice.  Its definitely rigged in their favor, however your only other option is to be under insured or go without insurance.  

post #40063 of 48312
Quote:
Originally Posted by Belligero View Post


The bracelet is genius — I particularly appreciate the bas-relief counter-relief crown on the sculpted clasp:

smile.gif

On a more serious note, how do you like the matte clasp innards compared to the polished ones on the Datejust II?
post #40064 of 48312
I hear you, Dino. I just think that since they are more than capable of assessing the value after the fact, they should be willing to do the same before the fact l, so that you are paying an amount that is commensurate to what you're actually being covered for.
post #40065 of 48312

In re insurance: I got a quote from jewelers mutual (they came recommended) but it was 1.6% of value.  Would be fine with the 1.1 or 1.2 everybody told me it would be before I actually got the quote, but 1.6... ehhhh

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