BjoernM21
122
Was the post really asking to justify what is owned and why?
Jun 02, 2018,06:45 AM
For me any reason to acquire a "thing" is valid. It can be its technical merit, it can be investment, it can even be making a fast buck by reselling it, or whatever. But was Jocke's question not also focused on what the buyers of some watch models are prepared to endure to get them? Personally, I would also like to learn what drives likely successful business people to accept every humiliation by arrogant sales persons to get a mass produced industrial product sold to them? And what is the joy of getting one desireable watch when you have first to spend a lot of money with the AD on things you don't really want? Why not rather buy the one watch wanted at a premium on the grey market, instead of complaining (also on this forum) about "unfairness" (with "fairness" hardly to be a dominant criteria in business life anyway nowadays)?
Björn
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Why are many so single-minded in their thinking?
By: Jocke - Bad Santa : June 1st, 2018-10:34
Why are many so single-minded in their thinking? I find it hard to understand this completely sensible submission, as part of what comes to Patek or Rolex. To queue 10th century, pay far above list prices and to pray on their bare knees to get their produ...
That’s a lot of questions for a Friday....
By: Cpt Scarlet : June 1st, 2018-10:51
but In my opinion to have a great watch collection you need variety. The only problem is that the two brands in question make some great models and with the added bonus that if you wanted or needed to sell you would probably get your money back. Keep them...
I am in agreement.
By: TheMadDruid : June 1st, 2018-10:53
I cannot fathom that a person has to wait 5 years to buy a 5711; or pay a 50% premium with a grey marketeer. Ditto the Daytona-a great watch at 12K, but unavailable unless you are willing to pay over msrp. There are so many equally well-made and attractiv...
Hey PADJ.....
By: Baron - Mr Red : June 2nd, 2018-04:53
I tend to agree with you. I cannot fathom it either....for the 5711. BUT, and its a BIG BUT, isn't that decision purely the domain of the person who decides whether or not the watch represents value to them at that price? I wish penthouse appartments in M...
I understand your point.
By: TheMadDruid : June 2nd, 2018-06:31
Of course it is up to the person to pay whatever he/she feels like paying to gain entry into an exclusive club-here ownership of certain models of watches. It doesn't have to be that way. We all could show some restraint and that would bring the manufactu...
I have.
By: TheMadDruid : June 2nd, 2018-08:07
But I am unsure of their legality in the UK.
You're nearing
By: mahesh : June 1st, 2018-10:53
WISDOM ;-) If there anything sane about collecting watches, it is the insanity around collecting watches.... HAGWE ! Best, mahesh.,
Well, it feels extra special to get a limited access watch
By: COUNT DE MONET : June 1st, 2018-10:57
I see this as a sport, a challenge to get a limited watch, IF I LIKE the watch. I certainly do not like all limited models, neither would pay premiums. This new GMT reminds me of the Star Wars marketing: no one has seen it but all are already crazy about ...
Personal taste....
By: Baron - Mr Red : June 2nd, 2018-04:46
My AD told me that if i wanted the GMT, he would get one relatively soon. I saw it at Basel and just didn't like it that much. Yes.....very much like the new Star Wars.....
Easy answer: to show off (status, etc) and /or speculate
By: piccolochimico (aka dsgalaxy1) : June 1st, 2018-11:00
Trying to extend my thoughts, I start from the beginning. I've started learning (not so much, actually 😅😅😅😅) 15 years ago, when I was more ignorant. Rolex was and still is the luxury entry level brand for anyone is going to throw some money. Because it ke...
I am with you, my friend...
By: KIH : June 1st, 2018-13:47
I am perplexed, too, and I agree that "the more money, the more the tricky behavior". Don't worry, it's like fashion, the other brand you mention may slowly go down - one man shop is not forever. But, hey, what do we know? I have never been wealthy, and t...
To show off, status and to speculate?
By: Baron - Mr Red : June 2nd, 2018-04:25
Do you not think that is a little bit of a generalisation and actually somewhat insulting to people who collect just Rolex/Patek and people who are happy to pay over list price?Surely it is their judgment that matters in what they buy? Why do any of us ha...
Absofuckinlutely
By: piccolochimico (aka dsgalaxy1) : June 2nd, 2018-08:03
Buying wisely (second hand, NOS, discount,etc) is different than buying expecting a price increase. As i've already said, isn't it more disrespectful for those who buy watches just for passion, without any valuation of future resale? I have never offended...
My position is quite clear..
By: Baron - Mr Red : June 2nd, 2018-08:34
.... it isn’t up to you to act as judge on others. You do not have the right to tell others they are wrong just because you happen not to agree with the rationale behind their decisions. Also, please refrain from swearing on the forum. Thank you.
May i have my personal, private, unique point of view?
By: piccolochimico (aka dsgalaxy1) : June 2nd, 2018-10:10
Or shall i ask permission? I feel deeply offended by these direct attack, i'd expect more super partes attitude from a Mod, not a direct critics to myself. Clearly you are biased by your way of collecting which is, by far, the opposite of mine.
Forum etiquette
By: Baron - Mr Red : June 2nd, 2018-10:22
You are of course entitled to your opinion. However, when that opinion goes beyond forum etiquette then a Moderator is entitled to step in and moderate. Swearing on forum crosses the line. So too is generalising about “types” of collectors. It’s not the s...
Is it a watch forum or an investment forum?
By: piccolochimico (aka dsgalaxy1) : June 2nd, 2018-10:03
I think you guys feel so susceptible because where i see simply an object, an item, a watch, you see money, investment, future. I'll be honest, i don't care much because these are just TOYS. Like a Birkin, a Lambo, etc...
Seriously? A personal attack?
By: zabreg1 Mr White : June 2nd, 2018-10:21
Wow, this place has lowered its standards by miles. Now, for those who have trouble understanding: I was pointing out that different people have different motivations. Nothing more, nothing less. Basically, you’re saying that, for example, if a worker of ...
I have pretty much abandoned vintage Rolex
By: reintitan : June 1st, 2018-11:07
due to the insane "bubble" prices even common pieces like 5513s and 1675s are going for. I'm glad I at least have some vintage models from when they were more "reasonably" priced. And my friend, you know vintage Rolex is where I started my collecting. As ...
Good topic
By: vitalsigns : June 1st, 2018-11:29
Hard to generalize here, especially without offending some, but I'll toss out some ideas: Some consumers who nearly exclusively focus on Rolex, Patek, some AP, and some other very hot models (...admittedly, there's a lot of overlap in the following list):...
I agree with so much of this on this topic.
By: BMR : June 1st, 2018-12:17
It’s a very interesting topic! The herd mentality, peacocking, exclusivity, status symbol is so much of it, in my opinion. If they go get another less well-known brand, they lose these attributes immediately to other people that don’t know watches very we...
As you say....
By: Baron - Mr Red : June 2nd, 2018-12:12
....most on this forum are passionate collectors. Very true.
Absolutely agree
By: jim vancouver : June 1st, 2018-12:03
Lot's of peer pressure here. Actually, lot's of cults over at Patek forum. Nautilus crew versus the world time cosmopolitans. Phew! Jim
Can't say for sure but a few theories?
By: Joe90 : June 1st, 2018-12:07
Most people Rolex is not "cheap" for most people. Having a "normal" job, most people need to save up to buy a Rolex. Combined with Rolex's marketing and armed with the knowledge that it's "easy" to get most of your money back on a Rolex purchase, it's a s...
I agree with you Jocke
By: descartes1 : June 1st, 2018-12:12
All fun fun has been taken out of vintage Rolex collecting because the prices have gotten so out of hand. I see ratty 5513s selling for close to $20k within minutes (or at most hours) after they are advertised for sale. Couple these high prices with risk ...
Nothing new about the fundamental of this behaviour
By: Poky : June 1st, 2018-12:15
As far as the history of Man goes, there have always been individuals who have wanted to be perceived differently, that feeling of grandeur perhaps. One way to achieve that is to acquire an object that is perceived to be of value (either rare or precious)...
I like these types of topics where we question ourselves...
By: Joepny : June 1st, 2018-12:16
I think there is definitely a bit of herd mentality. The visibility and exposure of Rolex and Patek are very high and I think it reinforces their reputation and status. It also does not hurt that Rolex and Patek vintage watches have achieved the highest $...
sheep mentality
By: aston.db4 : June 1st, 2018-12:24
It's like kids back in grade school. Everyone wants to "fit in" and be popular. As we grow up, the popular materialistic stuff gets more and more expensive. In adult scenario, the stuff becomes Rolex and Patek. The "sheep" find anything else besides these...
It was in 2013 when i quit collecting Rolexes and
By: Passionata_george : June 1st, 2018-12:57
i thought time to focus on Patek rather ,PP I ve always considered as THE watchbrand worth to follow but i ve needed the final push mindwise to justify the prices they charge(their products and marketing I ve respected always).Anyhow a good friend of mine...
George.....
By: Baron - Mr Red : June 2nd, 2018-04:28
I think your sentiments are spot on. You have evaluated what you want and made a decision. It is your decision and nobody else's.
It's about image and the desire of recognition for most people.
By: datograph : June 1st, 2018-13:15
Sure, other manufacturers have some fabulous pieces as well, but people are anxious about not being "in" and the lack of recognition, something we truly desire and you can't deny! For myself I think that Rolex and Patek have something more than good marke...
+1000 about comparisons to Fifthy Fathoms, Overseas, & Omega
By: Joepny : June 1st, 2018-13:54
Many different sporty watches out there but I cannot get past big thick watches. I’ll look harder for a well-proportioned watch and it usually comes back to Rolex & Patek. I have a monster watch in the JLC Extreme Lab and that one is enough for me.
You can't compare apples to oranges.
By: piccolochimico (aka dsgalaxy1) : June 2nd, 2018-03:19
This piece of steel is small and thin. Indeed. I'm still smiling when i read PP and Rolex (only) buyers trying to justify their choices because t hey don't want to lose their money . Are all the other people/collectors dumb when they buy out-of-the-box? ...
You said 50 fathoms is too big
By: piccolochimico (aka dsgalaxy1) : June 2nd, 2018-06:10
It's a dive watch (although nobody would use it for diving purpose), so the size matters. Isn't the deep sea simply huge? Even the 41 mm DJ is bulky, but I'm not criticizing their choices. Simply, I don't like it and I carry on. There are hundreds of nice...
Hear hear! Completely agree.
By: KIH : June 1st, 2018-13:41
1. I have owned many Pateks, but alas, I have none today and am no longer following those "number only" models, which is which. 2. Rolex - I own two modern, still in production one. Practical, not so shabby on the wrist, "showy" enough (kidding!). But NO ...
That's the point, a hobby VS investment/speculation
By: piccolochimico (aka dsgalaxy1) : June 1st, 2018-15:43
Buying and selling is part (likely the main one) of our passion, but today most of purchasers (definitely neither collectors nor fans) are simply looking for quick and easy money. PP and Rolex has re-started 6 months price increases, so no surprise of tho...
For me my hobby is an investment and investing is a hobby too,
By: Passionata_george : June 2nd, 2018-01:23
i won t blame my life .I made some dough on watchcollecting/trade in the past and i really really enjoying to learn the technical analysis(EWs &all related to be specific ) to be more successful during my investment trades ,i really don t feel any problem...
Again...i totally agree
By: Baron - Mr Red : June 2nd, 2018-04:33
And by what rule should someone else tell you what you should or should not be doing? If one buys watches to sell immediately, then i see that person as a watch dealer. 99% of people on this forum are not watch dealers. And, to be blunt, how other collect...
The key part of your post here Ken is.....
By: Baron - Mr Red : June 2nd, 2018-04:57
"Yup, I buy what I like." That is a courtesy that should be extended to anyone who buys a watch for themself. This is especially true for a watch forum like this that is supposed to be embracing all tastes. To buy whatever they like.....is their business ...
Lots of good responses so far!
By: jmpTT : June 1st, 2018-13:47
A lot of Rolex and Patek models remain smartly sized, where other brands just went off the rails chasing fashion. Combine great sales numbers, collectable vintage pieces and waiting lists and you have two brands that are perceived as winners. Most people ...
It s funny you say,the main reason
By: Passionata_george : June 2nd, 2018-01:30
I m not even consider indys that i m afraid of the potential financial loss if the master/owner pass away(and no parts or service option remains) , i m okay to buy a PP but i m a chicken to acquire a Bexei. Obviously exceptions exist a Dufour must be a sa...
People always want what they can't have.
By: Katzky1 : June 1st, 2018-14:09
Personally.... I refuse to even pay close to MSRP and always get a significant discount from my Patek AD. The reality of our world is that the vast majority of the wealth is being consolidated among a very small % of the population. It's not hard to imagi...
Flipping through forums 2011, 2012, 2013, 2014...
By: Dmitriy : June 1st, 2018-14:24
You will notice many watch brands in the collection. Now all are not concerned about the clock itself, and their liquidity in resale. Many collections have become similar to each other, as a blueprint. Personally, I also went this way and began to buy mor...
Great topic for discussion...though this is our first world problems 🤣
By: Clueless_Collector : June 1st, 2018-14:30
Disclaimer: I’m very practical and direct, straight talker. Having collecting since 1990, when I first bought my dress quartz watches and moving to mechanical, admiring JLC, Blancpain, Breguet, VC, PP and recent years ALS, I came to learn that I cannot ac...
ALS is great but I say respectfully their case design is
By: Passionata_george : June 2nd, 2018-01:39
a bit “beefy”.Perfectly executed and love to have and enjoy the fine details under a loupe but have it on the wrist is an other story , i m not young but need to age at least an other 20yrs to feel that my personality and ALS is matching.
Great thread
By: Wojo : June 1st, 2018-14:41
Both Rolex and Patek are great houses with phenomenal reputations, which helps in preserving the value of the pieces in the second hand market. For many, this value is a large part of what they are buing into. For others the reputation alone is the reason...
The watches are fine
By: renerod : June 1st, 2018-16:15
But the policy is speculative. It may work for some and not for others. In any case, as long as there is people willing to pay more for getting it first, the bubble will grow. If people said “why to pay more? Keep your watches”, prices would go down. My 2...
Different thought on single minded
By: jml_watches : June 1st, 2018-16:26
Hi I think all of us here are single minded in some way - otherwise we wouldn't be here. And yes I kind of get the question about aquanauts, nautiluses & submariners - & if I'm honest wouldn't mind either of the first two. They are iconic watches after al...
I am sorry to digress, but...
By: Brandon Skinner : June 1st, 2018-17:11
...I wonder how many of those that pay over retail for their pieces would admit to doing so to others? It would be my guess that when someone is the buyer of whatever cool watch du jour at OVER retail, they are telling others (who know what the watch is a...
I agree with you
By: ripper444 : June 1st, 2018-20:00
Personally I don’t care anymore about Rolex or their new models. Everything has crazy waiting lists and I’m personally not paying over MSRP for a day a Daytona. I had the 116520 and that was enough for me to understand it’s a bare bones with no date and a...
Well in my humble opinion
By: JLG22 : June 1st, 2018-22:47
Always Lange over Patek for the different messages they sent. Never ever a rolex. I cant even start to understand how a brand producing more than 1 MILLION watch a year would ever appeal to me. Sorry guys. I'll stick with Lange and Glashutte Original for ...
It has plenty, Mo
By: Baron - Mr Red : June 2nd, 2018-04:38
Rolex were responsible for so many patents in the 20th century that pushed horology forward. To appreciate where horology is today, surely one can appreciate the drivers of what put it where it is today. To appreciate vintage Rolex is to appreciate key pa...
Slight misunderstanding , maybe I worded it wrong..
By: moc : June 2nd, 2018-05:03
What drives today’s craze about vintage Rolexes ? Love for horologerie? I doubt it.. If it is because of those patents that Rolex invented well why just Rolex move collectors this much? Why not vacheron , girrard prrregaux, Minerva, and dozens other? The ...
OK...that is a different point
By: Baron - Mr Red : June 2nd, 2018-05:11
On the other hand, one could make the same hypothetical argument about Apple shares. To many, the price of the share is now quite absurd and unrelated to reality. On the other hand, who am I to tell another buyer of the share that their thinking is "wrong...
Hey Mo....
By: Baron - Mr Red : June 2nd, 2018-05:48
...i wasn't saying that you were denigrating....just saying that one shouldn't. Relative "value" applies itself across vurtually everything. Watches, art, shares, bonds, houses...everything. All I am saying is that what we, as individuals, consider to be ...
I think the key word is sports models
By: Passionata_george : June 2nd, 2018-06:05
the other vintage models not performs even close to them and be honest in that segment no other manufacturer can beat Rolex. Obviously there are vintage complications by Rolex sold for top dollars but those are just the few exceptions.
;) [nt]
By: amanico : June 2nd, 2018-05:43
a few centuries ago....
By: Baron - Mr Red : June 2nd, 2018-05:50
.....people valued a certain type of tulip bulb more than a house. Prices fly all over. Value is always subjective. Is a 6200 worth more than a house? To some, yes.
+1 [nt]
By: moc : June 2nd, 2018-06:12
I think Rolex watches are great
By: ripper444 : June 3rd, 2018-06:19
I just don’t think paying over MSRP for a model you know they can pile stock if they wanted is cool! Also haveing bought from an AD (new air king) I can tell you thst they have their noses held really high. They think because Rolex that they can create fa...
Hi Jocke...a very interesting topic
By: Baron - Mr Red : June 2nd, 2018-04:24
What drives one person to buy a watch? That is a fascinating question and within that question is covered the specific issue that you raise. Namely, when a brand like Rolex or Patek produce a watch where the demand is significantly greater than the supply...
Was the post really asking to justify what is owned and why?
By: BjoernM21 : June 2nd, 2018-06:45
For me any reason to acquire a "thing" is valid. It can be its technical merit, it can be investment, it can even be making a fast buck by reselling it, or whatever. But was Jocke's question not also focused on what the buyers of some watch models are pre...
You ask several questions.....
By: Baron - Mr Red : June 2nd, 2018-07:19
......what would drive someone to endure a range of negatives to gain a specific positive? Again, I could answer that for myself but not for someone else. I would be preparedto wait for a year or so for a new watch to be delivered. yes. Would i pay a big ...
There is no right or wrong....
By: crown comfort : June 2nd, 2018-07:09
if people feel they need a 5711 now and want to pay the premium, let them do it. I think I would not generalise it that much to Rolex and Patek. If people want a watch to present something, then that's their business. For me, I would not go there. Re vint...
Nice reasoning Magnus
By: Baron - Mr Red : June 2nd, 2018-09:34
ADs who stick huge premiums on top of list deserve to be removed by the manufacturers. However, what about the collector who just doesn’t mind paying through the nose in the secondary market to get the prized Watch that he wants...., is that collector to ...
I don’t feel like this was Jocke’s question.
By: BMR : June 2nd, 2018-10:24
I didn’t interpret his question as asking should we judge these people who pay over market on the grey market. I interpreted the question as why does it happen. Of course a person is entitled to spend his resources in whatever way pleases him/her. I don’t...
Correct
By: Baron - Mr Red : June 2nd, 2018-10:36
Jocke asked why it happened. Others then gave opinions about the “type” of collectors that do it. My argument is simply that we shouldn’t judge why others do it.
THANK YOU ALL
By: Jocke - Bad Santa : June 2nd, 2018-11:06
Wow, I'm really impressed with all the answers. I never thought this would be such a good debate where, from the different angles of thought, I get a better understanding of how people think and act. I would also like to point out that I was not looking f...
We already have done that
By: Jocke - Bad Santa : June 2nd, 2018-11:16
and it was in one of the most dangerous city in the world wearing a expensive watch. Believe it or not, we survive. LOLOLOL
In the shower?
By: Baron - Mr Red : June 2nd, 2018-12:05
Ok but what about bath tub?
Uhm. I will need to check.
By: Baron - Mr Red : June 2nd, 2018-12:45
Do bubbles make a difference? Sorry. I am probably getting too technical.
I was curious......
By: Baron - Mr Red : June 2nd, 2018-12:31
.....is the Yang in your name a Yin/Yang type of thing or is it your actual name?
Thanks.
By: Baron - Mr Red : June 2nd, 2018-12:43
3.42am in Singapore. You should get some sleep! J