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The Watch Appreciation Thread - Part two (Rolex, Patek Philippe, Audemars Piguet, Jaeger LeCoultre, Baume & Mercier and more) - Page 149post #2221 of 39446/23/16 at 6:12ampost #2222 of 39446/23/16 at 11:04ampost #2223 of 39446/23/16 at 11:45amOn my way out of town today I decided to switch to a watch with a day counter since it may be hard to keep track of elapsed days where I am but I might need to stay in touch with people back home on occasion and it would be useful to know the date. The day counter is a good way to keep track of elapsed days and I advanced it to today's date as a proxy for the date. Mine counts 31 days, so would someone remind me to reset it at the end of the month? June has 30 days and I don't want to forget and be off by a day.post #2224 of 39446/23/16 at 11:51ampost #2225 of 39446/23/16 at 2:09pmpost #2226 of 39446/23/16 at 5:43pm[quote name="J
Lovely watch, and tasty-looking char kway teow, too!
Were you catching up with one of the "Sydney Tarts"?
Thanks! No, Catching up with a fellow member of @calibre61 watch club.post #2227 of 39446/23/16 at 9:02pmQuote:Originally Posted by mimo
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.
I think that's a fair assessment. It would stand to reason that those buying directly from the boutique like that needn't worry about flipping the watch to fund their next purchase. I also still think that they simply don't make as many boutique editions generally as there simply aren't that many boutiques.
I was just having some fun. That said it'd be great if people who find a nice deal and aren't interested in taking advantage of it post it here. Anyway, very nice gesture on his part.Quote:Originally Posted by Dino944
As for limited editions vs. boutique editions and the numbers produced, it really depends on the company. Not all companies do limited edition plus a boutique edition. Some companies will simply do one or the other...not to mention with the exception of companies that are also in the jewelry business (Cartier, Bvlgari, Chopard, Van Cleef & Arpels) the boutique phenomena is relatively new. Boutique editions are really something that have really only come about in the last 10-15 years (depending on the company), so there is not a huge amount of data out there. However, at least my understanding is the boutique editions are often made in smaller numbers than the limited edition. As for the Rouge Reverso, a friend of mine had an opportunity to get one of the last new ones in his country, but he located a used one in nice condition (with B&P) at a gray dealer, and decided since he wears the hell out of his watches, there is no reason to spend the extra for a new one. So they do pop up occasionally, if you search...but there could be a combination of lower numbers and it really being popular with collectors that make that or other boutique editions less common at gray or pre-owned watch sellers.
As for the AD I no longer shop with, yes, the manager knew me and my family quite well. Its a family owned store from another state, and at the time we started shopping there they had just been open for about a year or so. In the first year that I was dealing with them, I spent over $30K with my sales man. I'm sure they had customers who spent a lot more than I did, but I was under 30, and could have had a long future of shopping with them. I continued to shop there regularly and my sales person eventually became that store's manager. He was a good guy and always nice to deal with, but I should state he was not in charge of the watches that came into the store. One of the store owners was in charge of watches. I had met him once or twice. I would have been ok with the idea of him having the store manager say, "Look, I've been told the list for that item is quite long and we aren't sure how long it will take to reach you, but we will add you to the list and do the best we can." Instead, being told, "The watch manager/owner said,we have a long list, and if you can find it elsewhere, that's what he suggests you do," which was a bit surprising. I think the store manager was both embarrassed and uncomfortable having to say that, since I had purchase a lot of stuff from him. Its not like I asked to move to the head of the list or for a discount on a tough to get item, I merely asked to be added to their list. The ball was in their court. They suggested I visit competitors...so I did, and I built a new long terms relationship with another AD.
However, its not the first time I've seen AD's do something foolish or greedy, just because times are good for them. My father had been dealing with another family owned store. In 10 years he had purchased, 3 Pateks, 3 steel Rolex watches, 2 tutone Rolex watches, and 2 all gold Rolex watches from them. We happened to stop in one day, and saw a WG JLC Geographic that he was interested in purchasing. He asked for a price on it, and they gave him a price, but then one of the guys said, "That's an old price, so I'd need to mark it up, and then discount it." My dad asked,"Why, clearly you purchased it at an old, lower cost?" They guy said, "When we replace our stock the next one will cost me more." My dad said, that's not my problem, thanks but I won't pay more for it. They stood there ground on the price and we left. My Dad did some research on line found another model he was interested in, ended up going to my "New AD" and bought a new platinum JLC 8 day reserve from my new salesperson. Then 6 weeks later I guess his old AD had been sitting on their WG watch, and things were a bit slow, so they called and said he could have their WG watch at the price they initially came to using the old price. At which point, my Dad said, thanks but I already got a JLC from another dealer.
If the watch market continues to slow down, it will be interesting to see which dealers survive the tough times.
The rouge Reverso, while a watch I'd be happy to own, isn't on my shortlist at the moment. I actually prefer the green London boutique edition, though the only one I see out there is quite pricey. However I have noticed a few rouge Reversos of late and one at the best price I've seen it thus far. Anyway, rather what I was thinking about boutique editions based on what I've seen.
Both rather incredible experiences really. As incredible as your father's was, yours was even worse and quite frankly made no sense at all from their end. They probably don't even know what they've done either.post #2228 of 39446/23/16 at 10:54pmThread Starterpost #2229 of 39446/24/16 at 1:51amOn the JLC Boutique front I went into the Boutique in London looking for a coloured faced Reverso. It was only after trying all them and many others that I decided to buy there and then the bog standard, without second hand, GRUT. As is often said try them all on and buy the one that sings to you.post #2230 of 39446/24/16 at 3:52ampost #2231 of 39446/24/16 at 6:14pmpost #2232 of 39446/24/16 at 7:56pmQuote:
You look well equipped to handle the cold. Its going to be a warm weekend around here, and I might spend some time on a friend's boat, so I'll probably give this one some wrist time....post #2233 of 39446/24/16 at 8:27pmpost #2234 of 39446/27/16 at 9:39am
As much as I love my Nomos, it wasn't getting enough wear due to the black shell strap looking a bit to formal. I've been wanting to get more wear out of it so I had a brown shell strap made with a bit of stitching to match the minute numbers. Feels immensely more wearable with shorts and a tshirt now.
Edited by pmeis - 6/27/16 at 11:34ampost #2235 of 39446/27/16 at 11:32amQuote:Originally Posted by pmeis
As much as I love my Nomos, it wasn't getting enough wear due to the black shell strap looking a bit to formal. I've been wanting to get more wear out of it so I had a brown shell with a bit of stitching to match the minute numbers. Feels immensely more wearable with shorts and a tshirt now.
Nicely done! That will make a great everyday wear watch.
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