Dr No[Moderator Omega - Wristscan]
34913
To your final point, Bruno, I'm not sure anyone here has ever said . . .
May 30, 2021,17:24 PM
. . . 'why buy x when you can have y for the same price and y is objectively better'. But if anyone has, then the point to be made in return is that appreciation for a particular watch isn't constrained by purely objective considerations. An unworn '58 Sub with box and papers found in a drawer is going to go for more than a new Patek chrono because that's what the market commands. A Daytona with provable provenance to Paul Newman is going to go for even more. Supply and demand.
The Patek is objectively superior, but doesn't have the cachet. And cachet can amount to a lot. The problem lies in quantifying cachet.
Cordially,
Art
Comments:
view entire thread
That is a nice comparison …
By: Clueless_Collector : May 30th, 2021-14:46
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.
very good post
By: Cookies : May 30th, 2021-15:06
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 ...
^ This post is right on the money...
By: India Whiskey Charlie : May 31st, 2021-02:04
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 ...
Well said
By: Spartacus : May 30th, 2021-18:08
Regardless of the reason for the purchase, these watches will not likely depreciate any time soon. My only regret is that I didn't buy a stunning FPJ Tourbillon in 2019 when one landed in my lap. I'm not willing to pay the current asking price now.
well said!
By: Cookies : May 30th, 2021-15:44
to live life to the fullest. I'd rather travel the world, than spend on a 5711 today. Maybe with that amount of funds for a 5711, one would find more joy roaming all the ADs in Rome or London, soaking up 5-6 good pieces over a weeks holiday, and with the ...
An interesting post and a good analogy.
By: emcquillan : May 30th, 2021-15:46
There are definitely new collectors creating new trends. I took a quick look at Rolex professional LNIB resale prices and can’t believe this significant a bubble along with the models you mentioned can sustain itself. Where I live there is also a signific...
Coming from a vintage rolex collector point of view.
By: Bill : May 30th, 2021-16:25
We typically do not have the reference point of retail price ever unless you consider the original $265 an 1965 Rolex submariner cost. So the dynamics of price are purely based on market price and this is driven by supply and demand. There is nothing rati...
Will u pay 3x for a green nautilus
By: Cookies : May 31st, 2021-02:42
One came up for me today through my contacts. I am lost. Thing is if I have it, i don’t even wanna sell it but 3 x to me regardless of speculative value feels odd.
Yes indeed
By: Cookies : May 30th, 2021-16:58
Nothing more than a faulty virus-infected tulip. It was an interesting book. Or the Emperors new clothes...is quite similar. Paying for literally “nothing” special.
To your final point, Bruno, I'm not sure anyone here has ever said . . .
By: Dr No : May 30th, 2021-17:24
. . . 'why buy x when you can have y for the same price and y is objectively better'. But if anyone has, then the point to be made in return is that appreciation for a particular watch isn't constrained by purely objective considerations. An unworn '58 Su...
+1
By: Daandeluxe : May 30th, 2021-21:59
I totally agree with your observation, nevertheless I would prefer the Rubens… What about the famous peanutbutterfloor here in a museum in the Netherlands, I really don’t get it….
Well the positive outcome of all these crazy prices.....
By: TonyR : May 30th, 2021-22:28
For rather pedestrian watches is that the value of "real" watches have firmed up considerably. I've sat on a Lange collection for years that hasn't move in value. All of the sudden the Odysseus comes out and it's breathed new life into the entire brand. I...
I like the Rubens better…
By: LS : May 31st, 2021-03:29
I would take it over the Rothko any day. There were many artists and artisans throughout history who “popped” while they lived or in the few decades after their passing but now are unknown or unloved. Frederic Church and Gustav Stickley are two that come ...
Great provocative post...
By: pfang56 : May 31st, 2021-15:09
I think anytime we spend more than 100 dollars on a watch we are already beyond the realm of realistic value. I recently had a bit of an epiphany last weekend - when shopping with my daughter and considering a particular watch from a particular brand, she...
In art and design...
By: jporos : May 31st, 2021-20:01
apparent simplicity often hides a great deal of long and hard work to reach that 'effortless' result. I would suggest this is the ultimate appeal of both the Rothko and the Patek 5711. (by the way, the Rothko Chapel in Houston, Texas is truly an incredibl...