The Watch Appreciation Thread (Reviews and Photos of Men's Timepieces by Rolex, Patek Philippe, Brei

Discussion in 'Classic Menswear' started by gdl203, May 20, 2007.

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  1. mimo

    mimo Pernicious Enabler

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    No. They have no sales tax, which is a novelty as a European. But the whole "shopping destination" thing is rather overplayed. It used to be a bit of a marketing wild west with some bargains to be had, but now it's as established as London or Paris with far more monopolies and fake sales to boot.

    Also, this applies doubly to premium products: a pair of John Lobb shoes at Dubai Mall is significantly more expensive than buying them in Europe or the US, as far as I recall. I suspect the same will be true of watches, and certainly true for the marked price - everyone expects a "special discount", so they tend to label 10% at the very least over RRP.

    The reason? According to the man I spoke to in John Lobb, they don't sell much most of the time. Then "one Russian will come and buy EVERYTHING." Game over.

    You don't? I haggle over everything! Washing machines, spectacles, anything! It's always worth it - and very rare that you get nothing at all: even those who "never discount" have thrown in vouchers, or free gifts like shoe trees, a desk fan, a tie, to name a few I've had that come to mind. In any other kind of business you try to negotiate, don't you? I don't see anything rude or wrong in applying the same principle to a retail transaction - they can only say "no".
    Yes indeed!


    Me too - I know little, own less, and will probably not be "collecting" any time soon. But this is the most civilised, educational and informative thread on the forum. It even prompted me to look at other watch sites, and quickly change my mind: the competitive, pompous, pretentious dick-waving trivia contests that most of their discussions become, are simply vile. This is where it's at!

    I only came to this site to answer some questions about shoes, and only joined to sell a pair. I fear I might have acquired a watch infection along the way.
    And contributions like this make it even better - the last few pages we've covered Asian economics, marketing strategy and who knows what's next? This is the thinking man's thread on SF!

    I've no idea what that reference means, but the sheer erudition of that post makes me feel warm inside.

    Happy days. But my nights are ruined with weird dreams about expensive watches...
     
    Last edited: Feb 19, 2013


  2. in stitches

    in stitches Kung Joo Moderator

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    please to come by and photograph my watches. :)
     


  3. Cylon

    Cylon Senior member

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    [​IMG]

    rainy days
     
    Last edited: Feb 19, 2013


  4. ljrcustom

    ljrcustom Senior member

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    great photo
     


  5. Belligero

    Belligero Senior member

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  6. in stitches

    in stitches Kung Joo Moderator

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  7. mreister

    mreister Active Member

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    I agree completely in re: the Forbes article. For a topic that generates such heated debate that it can consume 20+ pages of even a thoughtful and generally pleasant forum like this one, they impressed me greatly by summarizing the discussion in under 2,000 words.

    Thanks also for the links above. Can't wait to check them out when I get some time later today. Admittedly, I'm no systems engineer, so hopefully I can share your appreciation.

    As a more general PSA - I tried to post this last night, but it doesn't seem to have shown up in the forum this morning, so I'll try again. Here is the link to the dropbox file for the model I posted yesterday. I've decided that it's more sensible to make the google doc read-only, as I don't have time to monitor it for any changes. If you just want to have a look, the google doc should be fine. If you'd rather waste an hour or so playing with the model, just download and feel free to post any results or mistakes I've made.
     


  8. no frills

    no frills Senior member

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    Quote:YES to this comment re: tie and moonphase.
     


  9. MSchott

    MSchott Active Member

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    The actual reason for the triple date is fashion. Luxury watches are not immune from fashion. In sporty watches, especially Pilot style this has been popular for the last few years and of course IWC is far from the only company doing this.
     


  10. medtech_expat

    medtech_expat Senior member

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    Not in my experience. To put things in perspective, people fly out of Dubai and hit London or Paris for the weekend... to shop.
     


  11. Cylon

    Cylon Senior member

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    Thanks guys!
     


  12. Dino944

    Dino944 Senior member

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    Congrats on your GMT. Great choice for a dual timezone watch! Also very interesting evaluation of boutiques, pricing etc.

    There is a difference between strict pricing strategies and perceived value of an item.

    With regard to your discussion comparing Rolex's strict pricing vs. Omega and variations in price, I can see that everyone can feel good about getting the same deal for the same item. You mention feeling swindled if you pay $4,500 for a watch and someone else got it for $3,500. However, some of that can also be based on location. I am going to presume a big name store with prime real estate in NYC will have much higher overhead (rent, taxes, insurance, etc) compared to dealer in a small city or in the suburbs of say Ohio. Hence, would you feel swindled if you knew the dealer in Ohio could sell the watch to you for $3,500 but he decided to hold the line on price with other stores in NYC. Hence his profit is now better than those of a NYC store? To be honest, I've never bought a watch in NYC. Great place to window shop, but unless I am buying a watch that I know no ADs discount, I've ALWAYS been able to get a much lower price buying from ADs in suburbs than any price a NYC AD gave me. So if someone does their homework, or can get the name of an AD that has better pricing than some of the big stores, why shouldn't one be rewarded? Just playing devils advocate.

    As for your discussion regarding IWC vs. JLCs...that seems to be about perceived value and thats very subjective. Is an IWC with a modified ETA movement worth as much as a JLC with an inhouse movement? IMHO, not really, but others will say yes it is...even if its just because they like the design. To me there is a big difference between essentially throwing an average movement in a case, doing a little movement decorating vs. building the entire watch and movement. Other than style is an IWC Portugese Chrongraph that different from say a Monte Blanc Chronograph, or an old automatic Omega Speedmaster or any other watch powered by a Val 7750? To me thats largely an issue of the value you personally assign to a watch. Someone might value overall design more than the movement that they might rarely see or only see in photos. My Dad actually went to an AD looking for an IWC, but ended up getting a JLC. Why...because the sales person said, look IWC is a good product, but once you are spending a certain amount on a watch, a JLC is higher quality and you are getting a movement made in house rather than Valjoux 7750 with some slight mods (mostly in terms of decoration).

    In the end, I think most buyers have purchased a watch for more than they should have, and gotten good deals on a few watches too. However, the real measure of the value of a watch is how you feel after you've owned it for a while. Does it have the qualities that make it a keeper or does it lose its appeal once the newness wears off.
     


  13. Bill Smith

    Bill Smith Senior member

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    Nice!
     


  14. no frills

    no frills Senior member

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    Welcome mreister! It wasn't too long ago that I came out of lurking myself. Thanks mainly to the intelligent, well-informed discussion via this thread (which I too read in its entirety) I ended up with a small collection which very much (I think) reflects my personal values and tastes. I own a couple of pieces from Rolex and I love 'em both! Thanks for your modeling (spreadsheet, not catwalk) contributions, and looking forward to whatever you might share!
     


  15. dddrees

    dddrees Senior member

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    Excellent!!

    Gotta Luv the Red.
     
    Last edited: Feb 19, 2013


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