MikeP
93
Secondary markets
Jul 30, 2003,09:09 AM
I'd just like to add my 2 cents, and I'll try to keep it short. I wrote at lenght on this subject on the TZ Breguet forum.
Patek, ie the Sterns, created the preceived value of older Pateks by buying them up for their own collection and/or their museum. They created the secondary-or auction- market for the brand.
As for Rolex, while it would be hard to duplicate their history with a new brand, it is easily understood. They make one or two or three models, not too complicated, durable, claim invention of the automatic watch,every thing on a shiny bracelet. and sell cheap.
Make the same one or two or three every year and periodically raise the price. DON'T restyle. The older watches will keep their value. They are cheaper than the new ones, which are the exact same watch.
I know this is a simplification of what happened, and I realize quality must be there, but this is what happened to a large extent with the two brands.
With Hayek now entering the auction market, Breguets may benefit down the road.
Comments:
view entire thread
Lasting Value?
By: Gary : July 28th, 2003-12:24
I'm a Breguet virgin, but have my eye on a 5140 with the enamel dial in YG. With its classic arabic numerals, hands and signature it is very reminiscent of the pocket watch design. I wonder though how 'desirable' this model is by watch afficionados. Which...
Agree on all accounts.....
By: alex : July 29th, 2003-01:01
buy a watch if it puts a smile on your face but forget the whole thing about holding value, the only brands where the watch usually holds value are Patek and Rolex and all depends on the model so go for what you like and enjoy
Re: Lasting Value?
By: Gary : July 29th, 2003-10:10
Thankyou for your replies. I guess I'm really looking for some moral support to justify the decision to spend ?8,900 on something that 'makes me smile' that will work on the wife! I'm fully aware of the financial gains to be had by buying the 'right' mode...
Secondary markets
By: MikeP : July 30th, 2003-09:09
I'd just like to add my 2 cents, and I'll try to keep it short. I wrote at lenght on this subject on the TZ Breguet forum. Patek, ie the Sterns, created the preceived value of older Pateks by buying them up for their own collection and/or their museum. Th...
Breguet never claimed to have invented...
By: Jeremy Oster : August 2nd, 2003-03:15
the self-winding system. In fact, Breguet's claim was to have perfected the system ie made it work. As Thomas says, the idea most likely came from working with other watchmakers in the area, quite possibly Perrelet. The system, as also mentioned by Thomas...