Discussion in 'Classic Menswear' started by gdl203, May 20, 2007.
My favorite sedan
I have a few watches, and I enjoy them all. However, I did notice once I had more than 4, I just did not have as much time to wear all of them on a regular basis. Maybe its because now I have less free time to choose different watches during the week, maybe its also I now have some watches that are dress watches that I wouldn't wear for bang around the office or for more physically active events.
I don't think there is anything wrong with collecting things, even if its just for the sake of collecting, and you don't get to wear them all. People collect art and they can look at it, but they don't wear it, they don't get to spend the time winding it or setting various complications, and when they are not home they can't look at it. At least some watches are like a wearable piece of art that a person can bring with them and quietly enjoy all day.
I can't see myself ever having a such an insane number of watches even if I had unlimited funds. Sure I would have more watches than I do now, but I don't wear all the ones I have now on a regular basis. I also like to take my time and really choose pieces that I really like and want. I can't imagine the guy put a lot of thought into collecting or researching the watches if he amassed 140 in 3 years. Thats like a watch a week. To me it take more time to look, learn, and decide...unless he just goes into a specialty shop and says I want to have 1 example of each sought after and currently made piece from Lange and Patek. I would have little or no attachment to most pieces if buying that way....but to each his own.
I don't know that one can say he has bought watches that are going to return tens of millions of dollars. That is presuming he bought at a decent price and all of these pieces will increase in value. Some watches, if he purchased in the last 3 years have already increased signficantly since they were originally produced, such as Lange Pour le Merit (not sure if I spelled the correctly) so he currently paid probably top dollar for that one. We don't know if that one has already seen the bulk of its appreciation or if it will continue to go up modestly, remain the same, or drop over time. In addition, althought great watches, most are relatively recent pieces. These will never have the appreciation or rarity that say a Patek minute repeater or grand complication from the 1950s would have. Not that they are not nice, or special, but most modern pieces are built in larger numbers than they were made in during the 1930s -1980s. Furthermore, from the 1930s-1980s before watches truly became thought of as investments people wore these watches, they were not babied, and some were damaged or lost over time....making vintage pieces in mint condition truly rare. Over the last 20 years or so many collectors bought watches and put in a safe to wait. So there will always be a larger supply of great condition relatively modern watches.
Beyond that, as Belligero suggested the maintenance costs will be quite substantial. Figure a basic service on a time only Patek or Lange is about $1,000 (and thats not taking into account the added cost of servicing complicated pieces) and servicing this collection is a minimum of $140,000.
His collection could increase in value, but its a ton of money tied up in watches, and if his family isn't into watches and doesn't know much about thme, its could be a pain for them to research and make sure they are getting appropriate prices for the watches. Also it could take some time to liquidate such a collection.
Just playing some devils advocate. There are definitely some nice pieces that could or should continue to escalate in value.
But then Derek is a seat-sniffing pimp who wears cargo pants with a blazer. Dreadful man.
I would like to see that watch with a deep blue dial. Perhaps you could arrange it.
Dino - I did not mean tens of millions in profit. I meant that when the collection sold it could easily be worth tens of millions. Whether or not the whole collection would be a net gain or loss is hard to say. It would largely depend on how long the watches were kept for, and what price increases happened over those years, but it's still a way of keeping one's money relatively safe. One can just as well lose their pants in regular cash investments as well.
Was really just a thought that I threw out there. Not a definitive statement of facts.
Mimo - That watch in plat with a sky blue dial is
If I was not on my phone Id post pics.
Weekend reading with accompanying timepiece that is significantly less valuable than the Graves Supercomplication:
Sorry, I read it as though you were saying that beyond the initial investment they would make tens of millions of dollars. Thanks for clarifying.
Looks like a great read and a fantastic reading companion!
GMTIIc at the bar.
I have a Bill Yao MkII custom seiko 007 that I gifted myself as a Ranger School graduation present years ago. I'll try to get some pics. I know some of you have mentioned you are against the use of aftermarket parts, but I think this is one of the few watches its ok to make your own. Mine is completely sterilized with a 24hr dial, sword hour/minute hands lumed like Bell&Ross hands for easy vis and a day/date with a red tipped second hand. I've thought about getting it PVD'd as it mans my GSAR are my "work" mission watches, but really a GMT hand would make it perfect since everything we do is on Zulu time. I have Suunto watches, but I prefer a traditional automatic.
Bills prices have gone way up over the years as he's started to make his own line, but all of his watches are rock solid "tool" watches for the Mil/adventurer types. I've looked at his Pathfinder GMT, but it doesn't have the level of customization I want, namely PVD and sterilization. What I've got works for now.
I bought the 3.2 B8 A4 because the S4 wasn't out yet, and I've been kicking myself ever since, that S7 has gotta be a beast! Thinking about slimming down to a S5 for the next one though. Wife has a TTS roadster convertible, one of us is gonna have to get the baby car at some point, hopefully not me she does look great in the drop top though.
My Dad bought this many years ago before Rolex sued Tiffany. I have had it for a couple of years. don't wear it often, but it provides good memories.
In so many different ways.
I'd put that on a strap and wear it all the time.
That is stunning!! I am on the hunt for a vintage version as a wedding present for myself.
Very nice, has to be rather special since it was your fathers.
Picked up my vintage Valjoux 88 yesterday - fantastic! 36mm - just the right size for me.
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