Covid affecting collecting?

Jul 23, 2020,14:29 PM
 

I have to admit, despite the fact that I can afford to collect more watches, Covid has demoralized me significantly.

It is this sense that, there now exists a precedent/ new reality where your income can be stopped by your govt.

This is not meant to be a political post, but a question about how Covid has affected your intention to buy more watches.

For myself, I lie dormant.

True, I have owned many grails, and so it feels for myself, like it may not matter --but until Covid, I was always on the hunt. Now, while I am always staying in touch and reading posts and blogs... I have no intention to buy a luxury watch indefinitely. (But I am still your friend guys!)

How about you?

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Not adding to my collection, either . . .

 
 By: Dr No : July 23rd, 2020-14:49
. . . and the decision was made right around the same time covid reared its ugly head, but that's just a coincidence. After accumulating for almost two decades, I'm full. So if another enters my collection, one has to leave first. Disciplined, Art

Never say never 😉 [nt]

 
 By: Cpt Scarlet : July 23rd, 2020-15:01

Only thing that has changed for me

 
 By: Cozmopak : July 23rd, 2020-15:04
is that I'm only buying from small independent watchmakers. Partly because that's where my interests currently reside, and partly because I want to support them.

Perhaps some trades...

 
 By: Mostel : August 1st, 2020-13:54
2nd level 'buying.'

I became so sad and angry

 
 By: baufoam : July 23rd, 2020-15:33
at the rioting here in Los Angeles. The violence and mayhem even spread into some beautiful shops in Beverly Hills. Within a couple of days of things quieting -down, I went to visit my favorite Rolex/ Patek Philippe AD on Rodeo Drive . I bought a watch ju... 

Hmmm a nice gesture

 
 By: Mostel : August 1st, 2020-13:55
that also benefited the 'watch dragon' within.

While the focus is obviously on getting out of this insane situation, I'm always happily on the lookout for new watches -- no more and no less than before, if I like something a lot.

 
 By: FabR : July 23rd, 2020-15:47
Frankly, with my type of job (it carries a rather "predictable" salary unlike the private sector, but also life tenure) I guess I've been lucky not to feel this virus on a financial level. Actually, keeping out of Italy just meant LOTS of money (unfortuna... 

🙏🥂 [nt]

 
 By: FabR : July 24th, 2020-06:20

Good fortune for you

 
 By: Mostel : August 1st, 2020-13:57
In some ways, I have also been fortunate, a few things for me sell more than before... but the shock of March April will not soon be forgotten and will keep me quite 'cool' for probably a year at least...

I too, feel the need to support my ADs and Independent brands

 
 By: Monopole : July 23rd, 2020-17:09
Like almost everyone here, the speed and dollar value of acquiring has somewhat tapered down this year and mostly like, through 2021 as well. So far, I have bought something, albeit small, from the closer ADs, to show support for the sales representatives... 

It definitely had a chokehold on businesses

 
 By: Cookies : July 23rd, 2020-17:48
Very big impact. Many of my neighbours are forced to sell their houses because they cannot pay the mortgage. Some sectors are affected more than others. And some sectors actually did better than pre-covid situations, for example, healthcare, hair stylists... 

So true! [nt]

 
 By: amanico : July 23rd, 2020-21:53

Indeed.

 
 By: Mostel : August 1st, 2020-13:59
Hooo-aah!

I’m not planning on buying anything other than the two I’m on the waiting list.

 
 By: ZSHSZ : July 23rd, 2020-19:15
Actually I’ve been quietly reducing the collection, and I continue on that path. I went full circle, in this twenty some years, and I feel I burned out, most brands disappoint me, nothing for my taste, and the hype is not something I embrace. After gettin... 

The frequent wish on WPS of wearing a new watch ‘in good health’

 
 By: 997c4gts : July 24th, 2020-01:38
has never been more prescient! I bought a watch to support my AD as soon as lockdown released- a blue Pelagos to match my son’s. Would have been for family vacation but alas, we’re at home for what’s left of summer! This has been a tough period as we watc...  

Still on a wishlist, not waitlist!

 
 By: 997c4gts : July 24th, 2020-02:26
But to be honest, with finances changed it’s been good to re-evaluate. Being on a stricter diet no bad thing, can always look at the menu.!!! 😉

Why do I doubt that Nico

 
 By: Mostel : August 1st, 2020-14:01
Chuckle....

Nice duo! [nt]

 
 By: Mostel : August 1st, 2020-14:00

Good point...

 
 By: Mostel : August 1st, 2020-14:00
Although I have not bought a disappointing watch in years... there was a period of seemingly constant disappointment... and a situation like this can take a person on the fence and push them over for good.

No watches for me.

 
 By: Overwound : July 24th, 2020-08:43
My finances are focused on essentials (food, bills, well being, etc.) and the only way I remain involved in the watch hobby these days are forums and enjoying what I already have. Not much horological fun going on at Casa Overwound these days.

There is so much to be grateful for

 
 By: Mostel : August 1st, 2020-14:02
As much as I am obsessed with watches... so much more.

Interesting that most here are not looking

 
 By: shafran : July 24th, 2020-08:44
I have spoken to 2 resellers that had record months during covid.

Yup! It's my understanding as well. Also...

 
 By: India Whiskey Charlie : July 24th, 2020-08:47
I hear that discounts are rare or have disappeared during the last several months.

This is funny but true with car dealers at least

 
 By: Mostel : August 1st, 2020-14:04
because selection has dried up... prices are stabilized.... discounts just so so... unless weak brands or economy brands...

I would assume those resellers benefited from...

 
 By: Mostel : August 1st, 2020-14:03
High strung emotions either negative (good for them to buy) or positive (good for them to sell.)

Out of habit, I continue to be on the lookout for the next watch.

 
 By: Moana43 : July 24th, 2020-14:11
That being said, my enthusiasm for "the hunt" is dampened now. For me, the excitement of wearing any particular watch is so often tied to the experiences that I intend to have with it. So, whether it's going to the office (which calls for certain watches ... 

My favorite reply so far Moana

 
 By: Mostel : August 1st, 2020-14:05
I feel exactly this way.

Late to the club.

 
 By: MTR : July 24th, 2020-15:06
Very nice and honest-open post and topic, dear Mostel. Thank you for that! As for me I am very happy with what I have. I have been lucky enough to acquire 3 watches that are really important to me in the past 9 months and have also consolidated my collect... 

Hm I also relate to this feeling...

 
 By: Mostel : August 1st, 2020-14:09
of not wanting to wear too fine of a watch in these times... when so many are deeply suffering and so much more suffering is likely to come... for so many! I think that is what you are suggesting... it's a weird consideration that I haven't thought much a... 

This reminds me of something a friend said that made me laugh

 
 By: Mostel : August 1st, 2020-14:11
He said, in March, at the beginning... he said, "I hope this doesn't last too long and make me start reflecting on everything. I do NOT want to start reflecting." Hahaha.

I have bought two watches since Covid-19 started and those are opportunities that don't come by easily

 
 By: singingbee : July 25th, 2020-08:16
I am definitely exercising restraint in purchases of watches and any other big ticket items for the rest of this year due to Covid-19 and the down economy.

Like others, practicing some restraint

 
 By: rnaden : July 25th, 2020-08:53
Both because of just being careful in this economic downturn, as well as keeping an eye out to help those close to me who have been impacted financially. I have bought one watch during this period, but have bought multiple straps. Much cheaper way to stil... 

Classic collector response

 
 By: Mostel : August 1st, 2020-14:12
collect other stuff!

haha [nt]

 
 By: Mostel : August 2nd, 2020-18:43

It has definitely affected my “collecting mindset.” I now think long and hard before considering a purchase and am at the point where there’s only 2-3 particular watches I’d consider buying.

 
 By: Obeezy : July 25th, 2020-13:34
I know we will come out if this, but until I see more progress I am laying low unless it’s a once in a lifetime opportunity.

The watch market is super hot right now.

 
 By: watch-er : July 25th, 2020-16:39
Many had predicted the watch market would cool with the pandemic but exactly the opposite happened. I believe it is due to the large amount of money which was not spent on travel, meals, entertainment and work attire being spent on watches, cars, home imp... 

Fascinating...

 
 By: Mostel : August 1st, 2020-14:13
I know a guy who sells high end BBQ's. His sales are UP 200% !! Why? Wealthy people stuck at home with nothing to do.

Hello Mostel!

 
 By: renerod : July 28th, 2020-16:56
I guess it depends of several factors, like financial and emocional wellness, actual state of your collection, new offerings of the market, brand novelties, etc etc. Also, many of us turn very cautious with the unnecessary acquisitions while in uncertain ...  

Of course will do mon ami!!! 👍🏼👍🏼👍🏼

 
 By: renerod : July 29th, 2020-10:40
Once it gets to my hands. Sharing is part of the joy. Best. René

I love it!

 
 By: Mostel : August 1st, 2020-14:15
Classic style utterly! And yes of course it is true that this hobby offers a needed distraction, therefore it is therapeutic, and good for one's mental, even physical health---hey wait! I need another watch!

Thank you Mostel!

 
 By: renerod : August 3rd, 2020-21:05
If this makes us healthier, then it’s good! Regards. René

It’s a really good question, Mostel

 
 By: ChristianDK : July 29th, 2020-10:36
My initial reaction when the pandemic arrived, was that I was done with buying watches, but at that moment it felt like we where at the end of the world. Then, as my bank closed completely, I got all my watches out of the vault and had them with me during... 

Perfectly put Christian

 
 By: renerod : July 29th, 2020-10:44
I agree with you about the consolidation of your collection. Up the quality and lower the quantity. Well said! René

Well, Nico, again, so much to be grateful for

 
 By: Mostel : August 1st, 2020-14:18
nonetheless... all the things in life that 'just work' and just go right' that we often overlook.... I feel refreshed in some ways by this situation... because like death or any great loss, it is clarifying. In some ways, I was in need of a splash of cold... 

Different effect on me

 
 By: pongster : August 1st, 2020-01:50
Made me realize life is short and went on and bought as much as in my to do list as i can. Best to enjoy now.

Bought so much ...

 
 By: pongster : August 1st, 2020-04:08
... during this pandemic, i surpassed my 2018 crazy haul in terms of money spent. And seems i still dont wanna stop. Have two more in my radar. But if you say good philosophy and way to go, then i should move forward undaunted.

Yes! ;) [nt]

 
 By: amanico : August 1st, 2020-04:32

Pongster! You motivated me with your financial gusto!

 
 By: Robert65 : August 1st, 2020-11:02
Don't forget to please share your acquisitions with the site when the happy time arrives. Best, Robert

Happy times have arrived

 
 By: pongster : August 1st, 2020-18:36
First month of lockdown (March) i ordered an IWC Minute Repeater from a Warsaw seller. Planned on getting an MR next year and was already browsing around but had to advance the plan due to covid. In April, i got a Gerald Genta Fantasy Retro Mickey Mouse f... 

Fun.

 
 By: Mostel : August 1st, 2020-14:19
Sure, I get it!

In my opinion, we have barely scratched the surface of economic fallout in the US.

 
 By: MichaelC : August 2nd, 2020-20:06
And because of that, I am trying to sit tight for now. I expect to add a piece before the end of the year. And I won't be surprised to see some great resale offerings pop up on a more frequent basis. I am far from a financial / markets expert, and hope I ... 

Yep

 
 By: Mostel : August 3rd, 2020-15:54
feel same way. It's no fun to articulate... but yes.

I am actively looking but more hoping for a bargain....

 
 By: Patekphilippecollector : August 3rd, 2020-03:53
Sadly prices at auction are still strong!!!

There’s no much occasion...

 
 By: ScroogeM : August 3rd, 2020-04:36
to wear a watch these days and I’ve practically lived in my gym-jams for the last six months. I got out of the watch game a while back, keeping only a small exit-portfolio. This has turned out to be surprisingly enjoyable, to spend time with a piece witho... 

yes , more meditative

 
 By: Mostel : August 3rd, 2020-15:55
we almost can not help but to consider the non-material aspect of life at this time, and therefore... well, as you said.

Mission Kick out COVID !

 
 By: mahesh : August 3rd, 2020-23:54
It is a period where I rely on my hobby to keep me sane.... Anything that seeds HOPE is good for every year

Good perspective. [nt]

 
 By: Mostel : August 6th, 2020-18:51

Watches are not a Priority During this Pandemic

 
 By: bradleg : August 7th, 2020-22:53
I view watches as complex, elegant instruments, that I enjoy very much. However this pandemic and follow on recession in the United States has affected me directly. I cannot in good conscious collect any luxury items to include watches, when my priorities...