Comparable to art ?
Nycwatchguy is someone you can follow on IG, a really cool profile if you want to see top-tier watchmaking and not always the same Rolex, AP and Patek watches. The link below is an article he wrote about constantly rising prices and some extreme auction r...
Well, I don't know the Art market very well, or better said, I know nothing about it, but about watches, this article sums the " sum " of our discussions quite well, here.
Watches are not an investment in 90% of the cases. You just pay for what you really like, love, admire or dream about. That is the main and the only reason. The rest is like playing the lottery or at the Casino. The so called stars are going up and down i...
Except when I'm considering buying a watch, I'm not interested in watch prices, any more than I am in the price of works of art.
The art market, like the watch market, is a legitimate reality, of course, but it's disconnected from the core of both activities: artistic creation and watchmaking. A true watchmaker never makes a watch with the primary goal of selling it and with the pr...
And ...both the art and watch markets constantly evolve through changing trends
What is also comparable to me are the trends we see. In the art world, the top artists today are very different from those who dominated 20, 50, or 100 years ago. Artists such as Jean-Michel Basquiat , Yayoi Kusama , and Banksy are now worth millions and ...
JP Morgan's collection is an extreme case of this, he spent a fortune on verge watches than no one wants today
But now there is in interest in the Nicole Nielsen made tourbillons he and his son bought in bulk for gifting
Collecting stuff
Every watch and clock I have in my small collection (35'ish ++) was acquired because I admired/wanted to own and wear it. Be it the rare steel Rolex ref: 1936 manufactured in 1936 with its original box seen in a Cheltenham jewellers, which I am wearing ri...
Most of us “long timers” are in the same boat
So we can’t solve the problem by selling to each other! Still, I’ve told my wife, “if I get hit by a bus, list the watches on WPS”
Some horology is truly hand crafted artistry, and some is mass-produced industrial design (possibly by hand) polished trying to be (rare?) art. I guess if a company makes **more than 5000***, it's probably.....
Mass-produced 'art'. Air is rare, as is the color green. Just because i say it is rare doesn't make 'rare' true. It might just be one, maybe two... or a Trilogoy marketing to sell 10,000+ products a year. jmho McDonalds used oil is collectable, too. Doesn...
These people will become bored with it like they do with everything else. They have no investment in watches except money.
The watch nerds like us have an emotional investment in watches and will continue that course while the various manufacturers sell out to the investment crowd. We'll find other watchmakers and continue on while the noisemakers from social media move on an...
Very long article but right to the point.
I have a pleasure of knowing him. very smart, decent guy and watch nerd.
Ever try to resell a painting by a known but not major artist?
Let's just say that the sky is not the limit. The article, it seems to me, is relevant in the absolute top tiers of watch collecting, but does nothing to justify the pricing of serially-produced, commonly-available watches whose prices are set not by bidd...