Echi
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Yes. Not only cost of ownership vs duration of ownership but also..
Jun 28, 2021,02:54 AM
Duration of ownership vs midterm/longterm value.
I do ask myself the question do i bail out on some pieces while i can or do i keep it because of
1) sentimentality
2) the perceived notion that it’s a “good investment”
3) “it still makes me smile”
4) vanity… and you might raise more than an eyebrow here.. vanity as it equates to “legacy”.. i don’t buy into the patek pov of keeping it for generations bit except for storied pieces and even then i don’t want to force a father-son/daughter bond when clearly they;re not interested. Why it was easy for me to sell my reverso to fund a small project. I thought of giving it to my kid but she’d rather wear something inexpensive. Having said that, i will leave her with some form of Rolex when it’s time
Also, more than life expectancy is the added perspective on what value means post retirement. Do i really want to keep paying 1k usd to service a moonwatch every 5 years? I love the watch but sold it because of that. Do i want to buy the new one? You bet but then cost of ownership holds me back. I know that amount is peanuts to most of you here so your mileage may vary but in my part of the world, that’s a junior manager’s monthly salary.
As for life expectancy, that does come into play trying to find the answer to the question what watch do i want to end up with.
My 2 cents worth on the matter is .. be in touch with that internal radar that makes you tell the difference between it’s time to sell vs it’s a good time to sell. And even the latter is very personal. My gauge there is, when it feels right.
Not quite a direct answer but more or less in the same orbit
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When is it time to stop?
By: Uncle Chico : June 27th, 2021-16:25
I realize there no answer to the question but opinions are always interesting. For the older members of the forum, given life expectancies, does there come a time when you determine the cost of ownership outweighs the potential duration of ownership and y...
It's a serious question . . .
By: Dr No : June 27th, 2021-16:37
. . . and one that's been on my mind lately for reasons not directly related to aging. I'll be relocating in the not-too-distant future to a rural community, without access to a watchmaker, much less my watchmaker (who's set to retire soon, anyways). What...
This! ^
By: India Whiskey Charlie : June 27th, 2021-20:01
Good subject! My thoughts
By: DouglasM : June 27th, 2021-20:42
I’m 49 and had a ‘widow maker’ heart attack 6 months ago and survived. Spent three weeks in a coma, and two months in the hospital. One thing that I’ve “learned” is that even in great shape as an avid cyclist, we’re only human. My literal concern is somet...
Wise words....
By: Cpt Scarlet : June 27th, 2021-22:14
I’m sorry that you had to go through this life changing event. It’s true that we should make every day count and live life to the full.
aging is a human condition, individually experienced...
By: cshimokita : June 27th, 2021-22:28
for some it's searching out the good wine to be shared with an increasingly fewer number of dear friends. For me, the reason to consider a new acquisition has become more complex. There are new and different constraints / considerations... the process tak...
Yes. Not only cost of ownership vs duration of ownership but also..
By: Echi : June 28th, 2021-02:54
Duration of ownership vs midterm/longterm value. I do ask myself the question do i bail out on some pieces while i can or do i keep it because of 1) sentimentality 2) the perceived notion that it’s a “good investment” 3) “it still makes me smile” 4) vanit...
Great question.
By: Ruffian : June 29th, 2021-05:12
But one that probably has no universal answer. I'm sure there'll come a time when I'll find there's no point chasing the next acquisition or having a collection, and just wear 'the one'. Which will probably be a watch with a large, clear dial and a big da...