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. Dino944

    Dino944 Senior member

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    Very nice. Love the case and dial.
    Thanks. If you found a Tank XL for only $5K and not a standard Tank, that was a steal ! I've have gotten unsoliticted emails to buy it, from people that have seen me post pix of it on another site.

    If you are saying Ferrari does not have an application process for its special models, then you are incorrect. For specialty models (F50, Enzo, FXX) there was an application process. Your dealer had to submit an application on your behalf, put in a good word for you, and demonstrate you have a long history of Ferrari ownership with several rare and special Ferraris in your collection. In addition, on some of the cars they required you to lease them for at least 2 years, before you could purchase them. This was to prevent speculators from buying them and flipping them for a substantial profit the same day they take delivery. Being able to lease and then buy one of these very specialized Ferraris is sort of a reward to their loyal clients (the same as say the AP boutiques supposedly only selling the "Boutique Edition" watches to people that have already purchased watches at the boutiques).

    I love fine watches and automobiles, but I find the application process a bit of pomp and circumstance to help make the experience of buying a rare and ultra expensive item a bit more special. Maybe its intended to make the buyers feel that they are more special than other multi millionaire collectors because he/she was accepted through the application process for the honor of buying one of these pieces. I don't find the idea of going through an application process for the "Honor" of giving them several hundred thousand to million dollars adds to the experience...but maybe I'm in the minority.

    Patek makes some amazing watches, but this application process if I'm not mistaken is essentially involves pieces Patek designed and made without any input from the buyer. I am not aware of Patek truly involving the customer in designing/commissioning a watch (unless they recently started offering that service). So I don't reallly see it as a journey. To me it would be more of a journey if it were something like going through Vacheron's special order process whereby the buyer might request a small detail be customized such as a special dial or a different case metal, or where the buyer can go all out and commission a one of a kind watch from beginning to end. To me that is a real journey which is truly involves the buyer.
    The Pilot Chronographs are my favorite IWCs. Very nice.
     
    Last edited: Sep 5, 2012


  2. Hayward

    Hayward Senior member

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    I've never heard of it happening, but it could be a weak spring in the spring bar. Either that or it's the wrong size, either way replace it with one it was designed for. Look up the specs for themodel and get the right bar. If you bought from Higuchi I know you can order replacement spring bars through him.
     


  3. Hayward

    Hayward Senior member

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    Meanwhile, here's a Seiko you'll never need to replace the spring bars on.


    [​IMG]
     


  4. in stitches

    in stitches Kung Joo Moderator

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    from what i understand, and have read, specifically in regards to patek, the hullabaloo of the application process is done with the intent of accomplishing what you mentioned ferrari does with the 2 year lease.

    the article i read was about the patek sun moon toubillon, and that one of the buyers after receiving delivery, who had paid 750K, went and flipped immediately at auction for 1.5mil. now, i get why he did it, and that was a smart move. but i also get from pateks end why they did not appreciate that. as watch makers, they desire for their customers to buy such pieces for their collection, and out of love for the brand and owning the piece. if it gets sold at auction as a collectors piece years later, i think they would be fine with that. but they want the initial purchase to be one out of desire for the watch, not a quick flip for cash.

    as far as brand image goes, i get that. i dont know if that is the reason behind other watch makers application process, but i imagine it may be similar. as well, like you said, as far as i know, patek does not offer special orders. but for the right price, and very hush hush, you never know. they certainly used to make commission pieces, the graves watch being the most famous i think.
     
    Last edited: Sep 5, 2012


  5. Keith T

    Keith T TWAT Master.

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    [​IMG]
     


  6. prayingrobot

    prayingrobot Active Member

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    [​IMG]

    Started out yesterday with a quartz Tag, then took it up a notch or two.
    Sorry the moon phase is incorrect. It's my least favorite feature.

    [ATTACHMENT=3841]photo.JPG (2,945k. JPG file)[/ATTACHMENT]
     


  7. in stitches

    in stitches Kung Joo Moderator

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    i have long wanted a patek annual calendar. it is my hope to have one some day.

    nice daytona, keith.
     
    Last edited: Sep 5, 2012


  8. Eustace Tilley

    Eustace Tilley Senior member

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    Love the 5146! The WG with the black dial is beautiful.
     


  9. Dino944

    Dino944 Senior member

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    Based on your example, Patek's application doesn't accomplish what it was intended to do. In addition, even on regular new model Ferraris, the dealers include a first right of refusal in the sale, if you decide to sell (at least here in the US). My understanding is that they don't sue you if you don't give them the first right of refusal when you decide to sell, or if you immediately flip it to make a profit (if its a model with high demand), your name simply goes on a list and no authorized dealer will ever sell you a new one again. That's probably too difficult to do with watches for many reasons.

    Yes, the Graves watch is impressive, but was commissioned and built at a time when Patek was much smaller than it is, and they were more apt to make a one off piece. Sure, for the right price they might make something pursuant to a customer request, although sometimes companies reach a certain level and they won't customize things for people. However, the only major company I know that currently offers the service of allowing you to commission a special watch is Vacheron.
     
    Last edited: Sep 5, 2012


  10. in stitches

    in stitches Kung Joo Moderator

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    i may have read in the article i saw something similar about the sun moon in regards to reselling only to them if you dont pass it on to future generations, im not sure though.

    vacherson is the only company i know of as well that openly offers a degree of bespoke, but i still wonder what goes on behind closed doors with tens of millions being offered. i should be so fortunate as to find out.
     


  11. cyc wid it

    cyc wid it Senior member

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    Yeah it's pretty silly - when you buy something, it should become yours to do what you please with it. If you're in the market for an exotic though, you owe it to yourself to check out McLaren... who doesn't treat potential customers like lepers.
     


  12. in stitches

    in stitches Kung Joo Moderator

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    on the other hand, no one has to sell you their wares. if they stipulate sale conditions that you dont like, dont buy it. imo, this is the type of thing where if both parties appreciate where the other is coming from, it works fine, if not, not.
     


  13. Dino944

    Dino944 Senior member

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    I don't think Patek has any stipulations regarding when or who to sell it to. Not to mention, the idea of only reselling to them if you don't want to pass to future generations almost implies you have to keep it forever. Ferrari is huge on bringing law suits when it comes to patent/copyright infringement, but they don't bother to actually enforce the 1st right of refusal agreement (and I believe that has a time limit also). You simply lose the ability to buy a new one from their dealers. I believe on the hourlounge.com which is a VC sponsored website, previously showed one of the products of their bespoke workshop.

    +1
     


  14. Dino944

    Dino944 Senior member

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    No one puts a gun to your head and makes you buy a Patek or Ferrari. If a person doesn't like their policies they don't have to buy one.
     


  15. in stitches

    in stitches Kung Joo Moderator

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    hmmmm, ill try and find the article, ill lyk if i find it.
     


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