• I'm happy to introduce the Styleforum Happy Hour, our brand new podcast featuring lively discussion about menswear and the fashion industry. In the inaugural edition, a discussion of what's going on in retail today. Please check it out on the Journal. All episodes will be also be available soon on your favorite podcast platform.

  • Styleforum Gives - Holiday Charity Auction 3: Yeossal handwelted shoe with lasted shoe trees

    We are very proud to present this year's edition of the Styleforum Holiday Charity Auctions, this year in support of the Ronald McDonald House Charities of Spokane (www.rmhcspokane.org). Each Auction lasts 24 hours. Please follow and bid on all the auctions.

    The 2nd auction is for a pair of handwelted shoe with lasted shoe trees courtesy of Yeossal. Please bid often and generously here

    Fok and the Styleforum Team.

  • STYLE. COMMUNITY. GREAT CLOTHING.

    Bored of counting likes on social networks? At Styleforum, you’ll find rousing discussions that go beyond strings of emojis.

    Click Here to join Styleforum's thousands of style enthusiasts today!

What Money Buys.

LabelKing

Stylish Dinosaur
Joined
May 24, 2002
Messages
25,745
Reaction score
251
I saw this featured on my Yahoo page: "Indeed, it would take a curious psychological composition to comprehend spending $147,000 a year on watches, as the jet set do. Or $117,000 on clothes. Or a whopping $248,000 a year on jewelry. These people need serious help with their...finances. And that is partially why Grove and Prince conducted the survey -- as a note to advisers who might be able to help people with complex money issues." $248,000 isn't really a "whopping" amount for jewelry nor is $147,000 for a watch, and I'm sure we can agree on the clothing expenses. Kiton bespoke, perhaps?
 

Toiletduck

Distinguished Member
Joined
Mar 12, 2006
Messages
2,551
Reaction score
7
OH no....thats why WE ALL need serious help with our finances...:p
 

luk-cha

Distinguished Member
Dubiously Honored
Joined
Jun 1, 2006
Messages
4,534
Reaction score
76
money can not buy taste and style unfortuatly!
 

Mark_Y

Senior Member
Joined
Mar 19, 2006
Messages
244
Reaction score
38
Originally Posted by luk-cha
money can not buy taste and style unfortuatly!


But it can buy an education, where you can learn to spell.
 

Tokyo Slim

In Time Out
Joined
Apr 28, 2004
Messages
19,178
Reaction score
14
$248,000 is ten years of my gross taxable income.
 

kronik

Distinguished Member
Joined
May 2, 2006
Messages
3,944
Reaction score
7
Originally Posted by LabelKing
$248,000 isn't really a "whopping" amount for jewelry nor is $147,000 for a watch, and I'm sure we can agree on the clothing expenses. Kiton bespoke, perhaps?

I'd love some of what you're having.


You know one that spends that much on jewelry probably buys a decent amount of clothes / watches as well.

Let's put the person at a generous 300K. How in the blue hell, is this not a lot of money?
 

LabelKing

Stylish Dinosaur
Joined
May 24, 2002
Messages
25,745
Reaction score
251
Originally Posted by kronik
I'd love some of what you're having.


You know one that spends that much on jewelry probably buys a decent amount of clothes / watches as well.

Let's put the person at a generous 300K. How in the blue hell, is this not a lot of money?

Well, the article seems to imply a tone of shock in referring to $248,000 as a whopping amount for jewelry when you tend to see jewelry--arguably one of the most valuable tangible commodities-- sell for much more higher prices at auction.

And I'm sure some of the other watch enthusiasts can chime in on watch prices.
 

luk-cha

Distinguished Member
Dubiously Honored
Joined
Jun 1, 2006
Messages
4,534
Reaction score
76
Originally Posted by Mark_Y
But it can buy an education, where you can learn to spell.

tmd

what do i need an education for?? schools dont teach you to spell anyway! but it does not stop me from speaking 3 languages. so what the point
 

Toiletduck

Distinguished Member
Joined
Mar 12, 2006
Messages
2,551
Reaction score
7
I think, as I earn more money, I will spend a heckuvalot more money on clothes....I'm too materialistic for my own good...BUT DAMN IT FEELS GOOD
 

Toiletduck

Distinguished Member
Joined
Mar 12, 2006
Messages
2,551
Reaction score
7
Originally Posted by luk-cha
tmd

what do i need an education for?? schools dont teach you to spell anyway! but it does not stop me from speaking 3 languages. so what the point


I thought u were a local hong kong dude at first. But ur like...a white boy
 

edmorel

Quality Seller!!
Dubiously Honored
Joined
Mar 10, 2006
Messages
25,925
Reaction score
3,511
Originally Posted by LabelKing
Well, the article seems to imply a tone of shock in referring to $248,000 as a whopping amount for jewelry when you tend to see jewelry--arguably one of the most valuable tangible commodities-- sell for much more higher prices at auction.

And I'm sure some of the other watch enthusiasts can chime in on watch prices.


I agree with LK, this are not "shocking" amounts of money for the items in question, especially in regards to the "jet set". I am not saying that this is not a lot of money, just not a lot of money to a lot of people. At the real high end of watchmaking, $147K barely gets you in the door (for 1 timepiece with complications). On thepurists a few years back, a guy went on vacation to Switzerland, stopped by Girard Perregaux's manufacturing facilities, fell in love with a rose gold 3 bridges tourbillon and walked out $375,000 poorer and he is not the exception on that site. One of the guys on this forum just took delivery of an F430, have you seen the price tag on that? If you have a high 7-10 figure income, $248k on clothes is not a whole lot.
 

rajesh06

Senior Member
Joined
Dec 24, 2004
Messages
368
Reaction score
44
Originally Posted by edmorel
I am not saying that this is not a lot of money, just not a lot of money to a lot of people.

I am hoping you meant "not a lot of money to some people"

I would hate to think that there were a lot of people that could afford this kind of expenditure. I thought I read somehwhere that there are around 8,000 billionaires in the world. Assuming you need to have a net worth of $10 million or more to spend $300K a year on these things.
 

aybojs

Senior Member
Joined
Jul 25, 2002
Messages
957
Reaction score
2
I just find it hilarious to see the idea of spending of several hundred grand a year on frivolous expenses being brushed off as trivial by peanut gallery posters who probably don't even make a fifth of that before taxes and costs of such boorishly inelegant and pedestrian items as "food" or "housing."
 

Styleforum is proudly sponsored by

Featured Sponsor

How many pairs of shoes do you own?

  • 1 - 4

    Votes: 25 3.4%
  • 5 - 10

    Votes: 129 17.5%
  • 11 - 20

    Votes: 235 31.9%
  • 21 - 30

    Votes: 116 15.8%
  • 31 - 40

    Votes: 66 9.0%
  • 41 - 50

    Votes: 46 6.3%
  • 51 - 60

    Votes: 23 3.1%
  • 61 - 70

    Votes: 21 2.9%
  • 71 - 80

    Votes: 15 2.0%
  • 81 - 90

    Votes: 6 0.8%
  • 91 - 100

    Votes: 7 1.0%
  • 100+

    Votes: 47 6.4%

Related Threads

Forum statistics

Threads
428,558
Messages
9,220,297
Members
193,559
Latest member
jamalopu1
Top