MichaelC
[AP Moderator]
22327
I passed on a PAM203 and bought a UN160A instead >>>
I consider myself an ambassador to Panerai; the 203, while beautiful and highly sought after by the masses, does not move me. I knew it would be "worth" much more in the secondary market. I could have got it and flipped it, and the profit alone would have covered the cost of the UN. But doing so would have denied another collector who hopefully feels about it the way I do my 160A.
Ulysse Nardin as a whole seems to retain a lower level of its original retail than other brands, especially Panerai in this case. Perhaps I could not even re-sell my beloved 160A for what I paid. But you know what? In 5 years or so of watch collecting, and having tried numerous different pieces, I finally found the "one" that I had been looking for. You can't put a monetary value on that.
My post devaites from the original discussion. I offer it as an idea that watch collecting is much more enjoyable when "monetary" value is not a primary concern.
Some musings on price and value perception
I frequently receive emails from friends and strangers alike asking about "what xyz is worth." I am also frequently privy to transaction discussions because I am either a friend of the buyer, seller, or both. Some frequently heard comments, questions, and...
Interesting example
I agree with your view on value as a collector and the example used with GP as the brand. Unfortunately, even at a great bargain.... the Three Golden Bridges is beyond my reach. But, the quality and historical significance of this brand are a couple of re...
Most interesting discourse>
What an enlightenment to see in print, what I darn well should be aware of, but forget, I love this forum Thank You!
nice job articulating our recent conversation
I could not have said it better myself. Finding that delta is one of the more fun parts of the watch hobby for me. The 3 bridges tourbillon is perhaps the best example I have come across yet. While mine was not priced quite as low as you speak of, it cert...
Very Well Said...
The value of a fine watch should not be judged by the dollars, but the experience of it. I always believe that the life is between breathings and a person should not live a life by the dollar value. Of course the financial security is important, but not a...
Always interesting Thomas..
I read a series of novels about an antique dealer with a special talent for recognizing real from fake. Whenever, he would talk about the price of an object, he would compare it to something real world tangible like a cottage or a vacation in a specific p...
Would you tell us what novels?
I'd like to read them and I suspect others would too. Thanks.
Jonathan Gash...
is the author. Author is an MD whose real name is John Grant. His series of books is about Lovejoy, the antique dealer.
Great observations
Hi, Thomas -- Enjoyed your thoughts on this, although before reading your post it never occured to me that perhaps I should feel bad about the great price I got on my AP EOT! As you have noted many times, the EOT is a great example of a watch for which th...
Illuminating article as usual...
perhaps it goes also with your article in IW on watch companies providing value/services to back up their prices. Watches of nonlimited supply will be eventually priced correctly by the market.Its the limited supply ones that are whats its take to acquire...
I passed on a PAM203 and bought a UN160A instead >>>
I consider myself an ambassador to Panerai; the 203, while beautiful and highly sought after by the masses, does not move me. I knew it would be "worth" much more in the secondary market. I could have got it and flipped it, and the profit alone would have...
A good analogy.
I was probably among the earliest of Panerai people, but not a paneristi, that group came years later. Panerai does not even know I exist, well at least then. But companies that are like UN for example, also treat you as a customer. If you know what I mea...
Very accurate assesment...
of thoughts and experiences some of us have experienced. My basic response is," It is worth what the market will bare". Supply and demand ect... I can e-mail this link to those few individuals who ask the same question when purchasing a mechanical timepie...
Interesting...
Interesting that you go so far, but then add this qualification (emphasis below). I do get what you are saying, though, and it's a point I try to hammer home in all walks of life. All value is subjective because, by definition, value requires and implies ...
The longer I know you the more I recognize how wise you are dear Dr. Mao, congratulations>
to this wonderful thread. Whilst I write this answer I am listening to the 6th Symphony (the Pastorale) of Beethoven, which contains one of the most beautiful music I have ever heard in my life, particularly the last one after the thunderstorm. Great to h...
The difference between simple and easy...
Hello Thomas... I miss the Longines...if you ever want to sell it, I will buy it...even if it still has that hair sticking out of the case. Value and Price are simple for me. The Price is what the buyer and seller agree on in dollars (or euros or whatever...
The value of that Longines, John, is not in the case -
plenty around, real cheap; or the movement - it is a great, underappreciated upper mid grade movement but relatively ubiquitous; and the dial, though of exceptional condition, is relatively easy to find as well. It is the provenance that it somehow binds ...
