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Is it worth buying 1 expensive watch?

Discussion in 'Classic Menswear' started by tommboy, Jan 17, 2009.

  1. jeff13007

    jeff13007 Senior member

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    Well in singapore they have started to do stand alone Lange, Patek, Vacheron etc. These arent corporate owned but rather set up by the big watch stores (companies) that imported them before, for example Patek and lange although they are stand alone botiques are still done by Cortina. I think its the same for the stand alone Rolex stores in NYC which are usually connected to a tourneau.
     
  2. mimo

    mimo Senior member

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    Isn't that what I just said? [​IMG]
     
  3. marcodalondra

    marcodalondra Senior member

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    One thing that is often underestimated is the maintenance cost that comes with prestige watches. If you like and collect them, it is fine, but the average guy would find it not a good deal, and Quartz is not much better. For example over the last few years I have spent around 600 gbp for a complete overhaul of a 1975 rusty omega constellation, 220 gbp for a full service a new Crystal of an old Swiss/ Neapolitan watch from 1970 (with an ETA 2789 day / date movement) and just under £100 for servicing (battery/gaskets/clean/re-oil) a 1989 quarts Breitling (full overhaul would have costed just over £250). These were not acquired as vintage but recently passed onto me by my father and had been his everyday watches that had at some point stop working and left in a drawer. More modern automatic watches normally cost me at least £160 when I service them every 5 years or so. In summary they may last a lifetime or two but will have an expensive upkeep if you actually want to wear them.
     
  4. jeff13007

    jeff13007 Senior member

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    Yup i was giving supporting facts to your argument! :)

    It doesnt work as well cuz your quote where he said "they are moving to exclusive corporate dealers" or however it went doesnt show lol
     
  5. mimo

    mimo Senior member

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    All good, was just being a dick [​IMG]
     
  6. tattoodobem

    tattoodobem Well-Known Member

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    This is what i did.
    A watch is man's only jewelry. why mechanical and not quartz? do you like fused stuff or prefer canvas? wool or poly? i prefer something that as lots of history that as an intemporal (don't remember how you say it in english) design. It's you decision, I think the decision you make will tell about who you are.
     
  7. tattoodobem

    tattoodobem Well-Known Member

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    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.
     
  8. tattoodobem

    tattoodobem Well-Known Member

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    If you buy a used rolex there is no reason except damage to not sell it for the same price. You will loose in maintenance if you do it.
    And yes if you buy a watch for 4000 and sell it for 3000 you lost 1000. so you paid only 1000 to wear a rolex instead of 200 to use crap.
     
  9. tattoodobem

    tattoodobem Well-Known Member

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    And since watches prices are always going up that will help you not to loose money when you sell it. You will say: It now costs 4000. You sell for 2000 (the same price you bought used) it's half the price in retail.
     
  10. tattoodobem

    tattoodobem Well-Known Member

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  11. tattoodobem

    tattoodobem Well-Known Member

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  12. marcodalondra

    marcodalondra Senior member

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    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.
     
  13. tattoodobem

    tattoodobem Well-Known Member

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

    mimo Senior member

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    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.
     
  15. Frist23

    Frist23 Member

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    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.
     
    Last edited: Dec 1, 2013
  16. mimo

    mimo Senior member

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    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.
     

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