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 smile

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 smile


More posts: MoonwatchSpeedmaster

  login to reply

Comments: view entire thread

 

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... 

The only time to stop is when it negatively impacts your health, wealth and relationships. There is no promise of tomorrow for any age. One must balance their own life.

 
 By: John-E-Mac : June 27th, 2021-16:40
I made an observation when I was young, that you can see when someone quits "living". They haven't bought any new clothes for 10 years and wear the same things over and over. They quit exploring, travelling or doing new things. Same food, day in day out. ... 

As one ages, one may become less acquisitive, hassle-tolerant, or wealthy.

 
 By: mkvc : June 27th, 2021-17:54
There can come a point at which there is no longer a desire to acquire, or even to continue owning, a large number of watches. As in Art's case, I no longer expect to be able to get decent servicing at a reasonable price, which means (a) I need to own few... 

This! ^

 
 By: India Whiskey Charlie : June 27th, 2021-20:01

I’m middle aged (38) but know that I’m not guaranteed to live through today, let alone tomorrow.

 
 By: Lankysudanese : June 27th, 2021-18:01
So I buy what I like (within financial reason) and hope to move older pieces as I grow out of love with them. Not sure if that helps

If someone could come up with...

 
 By: Ronald Held : June 27th, 2021-19:40
Criteria that one could apply, I would be appreciative.

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.

In a related matter, I actually wrote down my login/password to several watch sites with marketplaces just in case they decide to sell ‘em off..

 
 By: Echi : June 28th, 2021-03:01
At some point, i might actually get down to drafting a “for sale” template to facilitate things. I already have a draft will ready to go but every year that passes, it needs tweaking! I’m 52 and survived renal failure 5 years ago so i’m somewhat on the sa... 

As long as this crazy hobby brings happiness and a big smile on my face i will continue (within my possibilities)

 
 By: Watchonthewrists : June 27th, 2021-20:50
But i can understand that at some point this hobby can become a stone in your shoe , when that happens its time to let them go or you know that when your no longer there there will be no one to continue your collection. Then give these masterpieces a new ... 

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... 

Echi... you are so wrong... does that surprise you hehehe

 
 By: cshimokita : June 28th, 2021-11:55
I may have to return to Tokyo to finalize the deal. There are only two locations in Nagano that carry the watch in question and neither one is that close. I have patience ;-) Casey

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...