Is it worth buying 1 expensive watch?

[tattoodobem]

and if you try to buy it today it costs 8900 dollars

http://www.chrono24.com/en/omega/speedmaster--year-1965--id1400926.htm

 

[marcodalondra]



That is true. You will have to maintain it. Don't we have to maintain in stuff? Our cars, our house, our clothes...  When the time for maintenance comes i will change the dial in mine. (to a panda dial) And you can put new parts and get it brand new.


Why it's better that's something one will one understand when he reads about watches. It's the same as clothes and shoes.

This is no something comparable to cloths and most people outside watch enthusiasts or collector do not expect to have such a maintainance costs associated with a watch, especially if they have always had "disposable" watches. As the watch depreciate, the cost of maintainance can easily outweight the value of the watch. When Swiss brand started investing in specialised service centre in the UK to service an restore watches (including vintage) they made a case in point to emphasise that they needed to educated the customers on the need of regular service maintenance.

 

[tattoodobem]

This is no something comparable to cloths and most people outside watch enthusiasts or collector do not expect to have such a maintainance costs associated with a watch, especially if they have always had "disposable" watches. As the watch depreciate, the cost of maintainance can easily outweight the value of the watch. When Swiss brand started investing in specialised service centre in the UK to service an restore watches (including vintage) they made a case in point to emphasise that they needed to educated the customers on the need of regular service maintenance.

It is comparable. Many people buy clothes and never take them to the tailor. So one must educate himself.

 

[mimo]

I think maybe we kid ourselves a bit about the long-term value of beautiful watches. I'm happy to just say they're art.

 

[Frist23]

Thanks for sharing, mimo. Very interesting article.

I think getting the Omega makes sense, assuming you aren't going to lose it (which is a real consideration for me! Expensive watches can make me nervous). This is because a brand name watch keeps its value a lot better than lesser name watches. Rolex, for instance, is a great brand for keeping value because the brand restricts how many of them are made.

A 30 year old Rolex, for instance, can still get a reasonable amount of money on ebay.

I did read this article on watches which says that a used watch can keep 30%-75% of its value depending on how old and what brand.

Also, wearing an Omega would feel great because its such a nice brand.

A watch is not entirely like art but in some ways it is. No watch has sold for $100 million afaik. OTOH, a good watch is likely to keep value for a long time, while a good piece of art isn't guarnateed to.

 

[mimo]

It's art because it doesn't really exist for its function any more. It's clothing, jewellery, an accessory. We don't need them to tell the time, and if we did, a $3 quartz thing from the petrol station keeps better time. So watches are a very romanticised accoutrement for a man. But what's wrong with romance, eh? If my tie cost $100 when I could buy a more resilient polyester one for $5 in a similar colour and pattern, is that foolish? Maybe, but sometimes it's enough to know how it feels to me, even if it looks the same to 90% of other people.