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Styleforum › Forums › Men's Style › Classic Menswear › The Watch Appreciation Thread - Part two (Rolex, Patek Philippe, Audemars Piguet, Jaeger LeCoultre, Baume & Mercier and more)
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The Watch Appreciation Thread - Part two (Rolex, Patek Philippe, Audemars Piguet, Jaeger LeCoultre, Baume & Mercier and more) - Page 145

post #2161 of 3930
Quote:
Originally Posted by mimo View Post

Hey, cut that out, this is my arrivedtoday day!

 

Arrived today: brown calfskin strap from Jean Rosseau and whiskey porosus crocodile strap from @rirakuma next to ostrich leather strap that came with the watch. Apologies for the poor lighting. Love that a change of the strap completely changes the look of the watch. 

 

 

post #2162 of 3930


Today
post #2163 of 3930
Thread Starter 

Hatter, that is a hell of a collection over the last few days...do you have a family shot?

post #2164 of 3930
Originally Posted by Dino944 View Post

 

Sadly, there are numerous offending companies that screw collectors with numerous offerings that are similar to 1 limited edition, because once it sells out fast, they want another fast seller so they offer the same basic piece with different colored trim on the strap and dial thereby diluting the idea of how limited a piece is.  AP does this with lots of Offshore pieces and Omega has done this with anniversary moon watches that come out every 5 years or if they find out an astronaut blew his nose while wearing a Speedy.  There are lots of other examples...but it astonishes me how people line up for limited editions that look nearly like the last limited edition every year.  Or some companies offer boutique editions and if its a hot seller, the only way you can get on a list to get one is if you have paid MSRP at boutiques in the past for average pieces. 

 

Yes, the faux press conference was just ridiculous.  And I did't really see why it took him 7 minutes or so to say "Get out of the market Faaaackers!" It was the same message over and over again.

 

As for market corrections etc.  Normal collectors (not speculators) if they bought pieces they really liked, rather than for perceived value/potential for appreciation, then in the end the value today or in 6 months or 5 years won't matter so much.  Yes, we all feel better if something maintains value or appreciates, but anyone who has really done their homework knows that most pieces depreciate and its the rare exceptions that appreciate and maintain that appreciation.  I've always said, buy a piece you truly love and if it drops in value you wont be disappointed, but if it goes up in value it's an added bonus.  

 

With grays it depends on the market and their inventory.  With dealers, it will depend on if companies reduce prices (Patek and some Richemont companies did about a year ago), or if companies are least are a bit more lax about discounting.  

 

I don't feel a sense of schadenfreude so much as I hope its a learning lesson to companies, ADs, and grays, to value and be kinder to customers rather than sticking it to them just because they can.  I've seen some dealers who still treated their long time customers well even when things were going well for them, and I've seen some who basically felt they were on a never ending ride who would screw long terms clients because they knew they could easily sell hot items to someone else quite quickly.  

 

When I was buying a lot of stuff at one AD and I asked about getting on a list for a hard to get item and the watch manager said, we already have a long list and maybe you should consider hunting for it at another place...I said no problem...I'll take the rest of my purchases elsewhere too...between my father and I that cost them 7 watch sales in the course of 4 years (plus jewelry sales) and several watch sale referrals.  I'm in it for the long haul and if building and maintaining a good working relationship means nothing to them when things are good, I'm ok with that, as there is always someone else willing to step in an accept my business.  

 

Some talking points for me here as well as some questions.

 

As I noted the other, I'm starting to see that there is some inventory generally out there.  I'm also finding that a lot of watches that I've considered that are "limited editions" or that were only made in a limited run are still cropping up from time to time.  However one thing that I'm noticing, at least as regards JLC, is that there seem to be fewer "boutique" editions out in the grey market than there are actual limited editions.  I've noticed this with the Reverso Tribute to 1931 as well as with one of the Master Compressors.  For example I've not seen as many of the boutique edition "Rouge" Tribute to 1931 Reversos as I have the Thin Tribute to 1931 Reversos (with the Casa Fagliano strap).  Now the number is nominal, but I've simply seen more of the latter out there which I find surprising as they only made 200 of them total.  Again, I've seen the same with one of the Master Compressors.  One explanation could be that the Thin Tribute Reverso simply sold more and thus there is more potential for one to come up for resale.  However it has had me curious as to the production numbers of the boutique editions and if they actually produce fewer of those than even the limited editions.  Any insight that you or anyone else can provide?  

 

Yep, and all of Archie's videos basically do that.  For as long as they are the actual message be delivered in less than 10% of that time.  And since I'm on him, crazy that you @Journeyman knows him so to speak.  

 

Some great commentary as regards dealers, ADs and how how they treat customers.  While I've never been treated poorly, I have encountered some poor communication and even lack of a communication from some grey dealers.  In fact one is well known and they failed to reply to an email inquiring not only about a watch they had for sale, but also about something else they sell.  On the contrary I've had great communication from other grey dealers who in the end I didn't even buy from.  I guess I'm just shocked at the communication at times from someone who stands to gain your business and they can't even reply to a basic inquiry.  I will say that when I made that recent trip down to Chicago that the gentelman that I dealt with at Marshall Pierce was good.  There was some "salesmanship" if you will going on there, but at the end of the day he literally told me "I need to earn your business" which I thought was great as he was quite frank.  Anyway, I'm just curious as to your experience with that AD who you no longer shop with and whether or not that manager knew who you were.  I mean if both you and your father had been shopping there for some time previously, and not only for watches but for jewelry as well, I find it rather amazing that he said something like that.  Did he know who you were as a repeat client?  It's one thing to say that there's already quite a list already which is fair if that's the case, but it's entirely another to send you elsewhere.  He could have simply said that the list is quite extensive already, but that he'd be happy to get you on it and that as he appreciates your business he'll see what he can do about getting you the watch at some point.

 

As always, great point about buying it because you love it and not because you think it'll appreciate in value.  I love the two watches I've purchased thus far and still find myself staring at them literally every day.  And if you asked me what time it was right after I got done staring at them I would have to look again because that had nothing to do with why I was staring at them.  

 

Quote:
Originally Posted by mimo View Post

Thanks a lot chaps...Mr PMW finally joined the Crown Club. Special thanks to Belligero for hooking me up with an amazing deal, then sitting on it for a year while I sued my previous employer to pay for it. Been a tough year, but things are looking up.

 

Ohhh, I see.  So @Belligero is the hookup eh?  So are we going to get a weekly list of amazing deals post by Belligero?  I can't wait!  ;)  No really, I'm serious.  

post #2165 of 3930
Quote:
Originally Posted by rbhan12 View Post
 

 

Love that a change of the strap completely changes the look of the watch. 

 

Absolutely.  A lot great stap options out there too.  

 

Quote:
Originally Posted by mimo View Post
 

Hatter, that is a hell of a collection over the last few days...do you have a family shot?

 

Haha, yeah, I feel as though @haTTer gets a new watch every day.  ;)

post #2166 of 3930
Thread Starter 
Quote:
Originally Posted by BLAUGRANA View Post
 

...some questions....I've not seen as many of the boutique edition "Rouge" Tribute to 1931 Reversos as I have the Thin Tribute to 1931 Reversos (with the Casa Fagliano strap). 

 

@BelligeroSo are we going to get a weekly list of amazing deals? 

 

Though you might be right about the numbers, I would hypothesise that the difference might be in the customer profile: boutique editions are sold full retail to people who buy in boutiques.  To me, that means high rollers who aren't too price sensitive.  I would then deduce that those people are less likely to sell a watch in order to buy the next one.  But the special edition buyer seems more like the mainstream wit-stolen watch lover: falling in love with watches, buying, selling, flipping...special editions are always available at discount/grey prices to start with, so are going to be bought at least sometimes but the normal guy who likes a deal.  And that guy sells again for the next watch crush.  The mafioso buying the boutique edition in Dubai Mall just stacks them up on the mock Louis XV bureau.  That's my theory.  I feel that if I were to comb through the thousands of TWAT posts, there will be a lot of limited editions, even relatively rare ones, but nary a full price boutique number to be seen.

 

As for Belligero as watch broker, he isn't.  He made a currency hedge with several watches early last year.  Kindly, he agreed to sell one of them on to me at cost rather than cash it in himself.  I'm not sure if circumstances would let him do that kind of thing again - I suspect the list prices where he lives have caught up with the relative exchange rate by now.

post #2167 of 3930
Quote:
Originally Posted by mimo View Post

Thanks a lot chaps...Mr PMW finally joined the Crown Club. Special thanks to Belligero for hooking me up with an amazing deal, then sitting on it for a year while I sued my previous employer to pay for it. Been a tough year, but things are looking up.

Some people would put a down paymnent on a house, or improve their miserable pension provision or the kids' college fund. But this is not the TWAT/SF way. Twelve suits, seven swords (yeah, I like swords, don't judge!), a used car and a Rolex. For the first and last at least, you are collectively to blame.

Still, at least I learned understatement and subtlety in my tastes.



Mostly...


Congrats man. Enjoy the heck out of that one! biggrin.gificon_gu_b_slayer[1].gif
post #2168 of 3930
Quote:
Originally Posted by mimo View Post

Hatter, that is a hell of a collection over the last few days...do you have a family shot?
post #2169 of 3930
Quote:
Originally Posted by mimo View Post

Hatter, that is a hell of a collection over the last few days...do you have a family shot?

post #2170 of 3930
Quote:
Originally Posted by BLAUGRANA View Post

Absolutely.  A lot great stap options out there too.  


Haha, yeah, I feel as though @haTTer
 gets a new watch every day.  wink.gif

Here you go the Panerai family

post #2171 of 3930
Thread Starter 

Love it or hate it, Panerai certainly has strong genes...

post #2172 of 3930
Thread Starter 
Dressed for work today, loving how quietly perfect this feels.

post #2173 of 3930
Quote:
Originally Posted by mimo View Post

Dressed for work today, loving how quietly perfect this feels.

A Rolex that is neither burdened by a clumsy date counter nor marred by a festering glass boil on its face is a beautiful Rolex indeed. Congratulations. Nice size, as well.
post #2174 of 3930
Some beautiful pieces on the last pages. Well done.
post #2175 of 3930

I need to make my watch bracelet smaller by 3 links.  Am i better off removing 2 on one side and 1 on the other?  Or better to remove only 1 on each side and then adjust the clasp?

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Styleforum › Forums › Men's Style › Classic Menswear › The Watch Appreciation Thread - Part two (Rolex, Patek Philippe, Audemars Piguet, Jaeger LeCoultre, Baume & Mercier and more)