Market
Bruno.M1's thought-provoking post challenges the traditional metrics of value in luxury watch collecting, using the Patek Philippe Ref. 5711/1A, F.P. Journe Chronomètre Bleu, and Élégante as prime examples. He astutely observes a shift in collector priorities, where iconic design and personal preference now often outweigh horological complications and finishing. His comparison to the art market, juxtaposing a Rubens with a Rothko, provides a compelling framework for understanding this evolving landscape.
Seems we still want grande complications if we talk about 6 figures or if it's not a grande complication, at least if must be out the hands of Voutilainen, Dufour, Smith, ...
The F.P. Journe Élégante represents the brand's entry into electro-mechanical timekeeping, distinguished by its hybrid movement technology within the Élégante series. This reference marks a departure from traditional mechanical movements in the F.P. Journe collection.
The 40mm titanium case houses the caliber 1210 electro-mechanical movement, paired with a silver dial and fixed bezel. Construction features include sapphire crystal and a rubber strap, with water resistance rated to 30 meters. The titanium case material provides a lightweight alternative to traditional precious metal constructions.
This reference appeals to collectors interested in F.P. Journe's exploration of alternative movement technologies beyond purely mechanical calibers. The electro-mechanical movement and titanium construction position this piece as a distinct offering within the brand's portfolio, catering to those seeking contemporary technical approaches in independent watchmaking. Production commenced in 2014.
Indeed when it comes to Art, it all depends on buyer and of course, their pockets. The $120K duct-taped banana in Miami Basel is how crazy we’re in today….just too much liquidity.
It provokes the deep thoughts about the state of watch collecting today. On my usual rounds shopping in the city, I see "consolidators" in boutiques, buying up huge portions of inventory. They are not even buying it for themselves, but rather, to re-sell on the secondary market. One sees the same familiar faces all the time. I see algorithms in buying a Birkin. Apparently it is not about buying bag after bag of entry level Hermes bags to entitle one to buy a Birkin. Rather the algorithm seems to
Buy what really appeals to you,,regardless of the social hype
Methinks none of this would have happened if watch manufacturers didn’t limit the flow of supply like Rolex started with the Daytona a few decades ago. All of a sudden, people started wanting the unobtainable and that led to “I gotta have what others are after.” Then came shutting down AD's and opening company sponsored boutiques to limit supplies even further. These practices led to a spawn of a multitude of speculators and gray market dealers who have been taking advantage of the situation for
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