Originally Posted by no frills
I have - many times since I am from that part of the world. Didn't do much for me, but that's just me.
I did receive a lovely Seiko clock as a wedding present, which I still display in our living room!
To the many points discussed above, I think relative pricing, brand perception, resale value, and alternative options all play a part in whether someone goes for a GS or other offerings in the market. It's the same issue even Rolex faces once it tries to break the $50,000 to $100,000 price range: the current all-platinum Daytona will retail for $75,000. We do not know how it will do in the secondary market, but I do know that platinum models like the 118206 Day-Date clears for about half or just a little more than half of its last retail price of around $60,000. At those price levels, potential resale value markdowns and availability of alternative options, a guy like me would start sniffing at Patek Philippe grand complications.
Similarly - and this may be a bad example, I'm sure GS has other unique-looking models, but this is to illustrate my point above - here is the GS SBGA029:
I'm not sure about the exact retail price of this piece - but I think it's between $7,000 to $8,000 nowadays. I've seen some posts advertising this for sale for around $5,000, maybe a bit less.
But for this kind of aesthetic, pricing and the availability of other options - how many end users would go for this GS versus going for a Sub?
Again, this isn't about slamming GS; nor is this a popularity or beauty contest ("how many TWAT members likes a specific watch" does and should not translate to what you yourself should pick as an individual: it's your money and your collection after all). And not to speak for Dino necessarily, but I think this was his point: a whole lot of people would probably go for the Sub. Roger - you might call them brand-bedazzled twits who drink the KoolAid made by elves, and that's OK too.
Speaking of - Roger, if you would go for Omega and Rolex despite their associations with James Bond, overhyped marketing and bloated budgets, etc, etc - do you think their pricing (whether retail via ADs or on the secondary market) is justified anyway?
I'm not a fan of that particular GS, but the one I posted earlier retails new for around US$4k new, and I would (and obviously did) consider that amongst similarly priced offerings from established Swiss brands.
I assume you are asking for my personal view of the justification of the retail price of Omega and Rolex? Market justification is all either brand needs and they both have it in spades.
Let's take Rolex as an example. My answer (and again, simply my personal view) is generally, no. The Rolex that is top of my list as a next potential purchase is the green sub - ceramic bezel and matching green dial. It retails for ~ $9k in Canada before tax, so comfortably over $10k as an out-the-door starting point.
Is that $10k worth of watch? As nice as it is, I'd have to say no. And I think it's really quite nice - and may well cave and get it anyway - but I would do so feeling that I was not getting value for money in terms of the product itself. Now, for someone who values brand highly -particulary the guy who wants to loudly announce to all and sundry that he dropped a shitload of cash on his new watch - it may represent very strong value for money in a way that, say, a Glashutte Original Sport Evo would not.
On a related tangent - my hangup with this watch has always been the wearability of the bold green colour - subjectively appealing but potentially limiting (I felt much the same hesitance before purchasing my first pair of navy blue dress shoes). So I did what I had done years ago when struggling with whether Panerai was really "me" in terms of on the wrist aesthetics. I bought a homage. (Go ahead, limber up your vocal cords for the howls of righteous indignation - I've heard it all before). I've worn in at least for part of every day for the last week and love it. Question answered - I am ready to embrace my inner Kermit - love the colour on my wrist, out in the world.
Now, I am not for a moment suggesting an equivalence with the Rolex, but here are some interesting facts about the homage.
* ceramic bezel with super nice 120-click action.
* saphire crystal
* Swiss ETA 2836-2 movement that has been running at a consistent +2-3 sec/day each day so far.
* nicely finished stainless steel case and bracelet (Chinese manufacture)
* slide-adjustable clasp (why doesn't every sports watch have this. Heck, why doesn't every ROLEX sports watch have this?)
And the price isn't 1/5th that of the Rolex - it's 1/5th the TAX on the Rolex.
If I were to put a number on my perception of the value of the Rolex, I'd say it's a $5k watch with a $4k brand premium. Not an appealing ratio, but still, a very apealing watch.
Stitchy - re your comment above - I can't include myself in the brand-whore "we". If anything, I over-correct on the anti-branding side of the equation. There is no WAY I would have popped for my EG Galways or those lovely G&G boots if the boots themselves were no nicer than my Allen Edmonds Bayfields.
The GS will never be purchased by a brand-whore. For me, that's part of the appeal.
Fack, I'm tired from all that typing!