Vintage Omega Seamaster about $500
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The Watch Appreciation Thread (Reviews and Photos of Men's Timepieces by Rolex, Patek Philippe, Breitling, JLC etc...) - Page 2912post #43666 of 483125/21/15 at 7:20pmpost #43667 of 483125/21/15 at 7:22pmpost #43668 of 483125/21/15 at 7:50pm
Some Chinese-made homages to the PAM111 (Marina Militare), IWC Big Pilot and IWC Ingenieur (Parnis). Around a 100$ each.
One day I plan to replace each of those with their 'genuine' counterpart, but it will take some time to gather the funds. No problem there, I'm being patient.
These we purchases I made when I entered the watch world, and before I understood that I should hold back on impulse purchases, because each cheap watch I bought impulsively cut back the funds to the bigger watch purchases.
Never the less, I still wear them and enjoy their look, but I understand that they possess no intrinsec value other than 'looking like' famous watch designs.
I know homage watches often stir a debate among WIS, so I hope I didn't hurt anyone's feelings.
Nice choice of a cheap(est) watch!
Again, nice choice!
Very nice Milgauss!post #43669 of 483125/21/15 at 8:46pmpost #43670 of 483125/22/15 at 12:13amOld quartz Tissot my parents bought for a birthday once - c £200 (c 20 years ago). Sits in the drawer - hasn't aged well.
Old G-Shock I bought as a student - c £40 (again c 20 years ago). Still use it now and then for running, holidays).post #43671 of 483125/22/15 at 2:14amSwatch
On the car front I have never understood the classic car and daily beater system. There seems a dichotomy, if you love cars why are you driving a rubbish car every day, if you don't love cars then classic cars area volatile investment and not something that should take up a significant proportion of your portfolio.post #43672 of 483125/22/15 at 2:44ampost #43673 of 483125/22/15 at 3:02ampost #43674 of 483125/22/15 at 4:31ampost #43675 of 483125/22/15 at 5:47amQuote:Originally Posted by culverwood
On the car front I have never understood the classic car and daily beater system. There seems a dichotomy, if you love cars why are you driving a rubbish car every day, if you don't love cars then classic cars area volatile investment and not something that should take up a significant proportion of your portfolio.
There really isn't a dichotomy. Would you use a fully restored BMW 3.0CSL to haul potting soil and plants? Would you park it in questionable neighborhoods where it may attract unwanted attention. Would you risk driving a classic car in weather where there is snow and ice on the road? Its no different than owning a Patek, AP, VC, Lange etc...but putting on a less expensive watch to mountain biking on trails, snorkeling, working out at the gym, or doing other rugged activities in which higher end brands aren't really suited. One can love classic cars but still have a need for an average beater car for hauling bulky/dirty things or for really bad weather.
As for classic cars being a volatile investments, so are many other investments. In addition, many people I know obtained the cars to enjoy, with little concern for investment, but their cars have appreciated in value significantly. Classic cars, just like fine watches aren't for everyone. Some people think unless your money is going into a retirement account or your home, that watches, cars, and nice clothing are a waste of money. In the end, we all have to do what works for us, as there is no single correct formula to success and happiness in life.Quote:
+1. Pre-1990 Porsche 911s, and Ferraris don't have power steering, making parallel parking a pain. Not to mention you have to be cautions of very bad pot holes,steep inclines and really narrow roads that are often found in older cities.
There are people who just don't respect other people's property or they are jealous. I met a guy who came out to find his meticulous Ferrari 512 Boxer, had been keyed while he went into a shop. Also, when in grade school, some classmate bragging that he had keys a new Porsche 930, just to f*ck with the owner. Or simply, when I used to drive a Porsche to work (we share a parking lot with the local school department) and I would find new door dings in my car every few days)...also had a brick thrown threw the side window once. People just don't respect other's people's property.Quote:
Its not about being able to afford a nicer small car, most can. Some owners also have a smaller MB, BMW etc. although some owners really don't care about driving modern cars and don't derive the same interest or pleasure from a new MB, BMW, Audi etc. As mentioned previously, most still keep beater cars as they have a need for a beater, that is relatively inexpensive to run, they don't care if it gets dented or damaged by other drivers, its not worth anything so there is no depreciation to deal with that would be wasteful on a nicer car for lesser uses, and it can be used in terrible snow storms etc. Again, most hobbies or interests are not a "One size fits all" type of thing. So if it doesn't make sense then its probably not the thing for you.
To keep this on point, until recently, my least expensive watch was a Casio calculator watch from the 1980s. It had small solar cells on the dial side and ran for just under 25 years on the original battery! After the battery died my wife asked if I was really going to change the battery to keep it going as I hadn't worn it in decades, so I let it go.post #43676 of 483125/22/15 at 6:02am
Expected Return = Market Return + Service Flow
For cars or watches, it is the same. For most collectors and enthusiasts, they value the service flow of owning something. Another way to think about it is the following thought experiment.
Let's say your friend comes up to you and says, "Hey, do you want to be a 50/50 partner with me on a new [ALS/Patek/Ferrari/etc.], you put up half the money and will participate in half of any upside when we sell it, but I'm going to wear/drive it while we own it."
Now, consider what price you'd pay for that ownership stake to make you indifferent to the deal. If you'd be willing to pay 40% of the price to get a 50% stake, that tells you something about how much you value the service flow of owning a particular item.post #43677 of 483125/22/15 at 6:03ampost #43678 of 483125/22/15 at 6:22amQuote:To keep this on point, until recently, my least expensive watch was a Casio calculator watch from the 1980s. It had small solar cells on the dial side and ran for just under 25 years on the original battery! After the battery died my wife asked if I was really going to change the battery to keep it going as I hadn't worn it in decades, so I let it go.
I suppose this makes my point. You love fine watches but the beater watch you had for 25 years never got worn. You preferred to wear a good watch though maybe not your finest one on a daily basis.
It really just shows that we are all different and trying to apply logic to our decisions about cars and watches etc is fruitless.post #43679 of 483125/22/15 at 6:31ampost #43680 of 483125/22/15 at 6:33am
I certainly never try to explain my love of watches or bespoke to people outside of this site for the most part. There just isn't much point to it since it seems silly to them. Then again, there isn't much point in talking about the fruitlessness of that application of logic here either. Just my two pennies worth.
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