Horological Meandering

Well we know the Journe auction market is totally nuts.

…or in ANY case (I mean J, R, G or P 😉) for sure I pick the PP even if I love FPJ too 👍

And in all honesty I think I'd be likelier to wear it than that Patek! 

when people don't think rationally at auctions. Yes it is their money and they can spend it however they wish but when a complicated Patek fetches a much lower price than a time only Akrivia AK06 or a FPJ, then I salute anyone buying a complicated Patek. These Pateks are relatively offering tremendous value for money!

Then I wonder if I have any brain 

I doubt this is about which will be worn, but simply about the fact that the FPJ will increase in value, just like a painting. Brass movement FPJ and all that jazz that put his watches in this category to begin with would make me bank on the expectation this will sell for higher later. 

But we’ve seen these sorts of maniacal hypes in watches before, and most of the time, the party stops very abruptly.

That is established fact

The market believes that the Journe will be at least as good a store of money as the Patek while at the same time having upside the Patek does not.

so I hope it got to someone who loves early Journes and had the disposable income. I not sure that one should call this stupidity in that crazy hobby of ours. Is it stupid to pay more for a watch than for a Porsche or a Steinway? I sometimes wonder.

And while that other way is objectively the better watch, guess which one has more “value” today? 

minute repeater is a dream. The perpetual calendar is just a bonus on top of the repeater 😂

But what someone chooses to do with their money is none of my business ;-)
Best, Emmanuel

I get a sense that FPJ collectors and investor groups could be self funding the FPJ rise - à la De Bethune more recently and Panerai in the past. Let's hope for all independent makers this doesn't spiral too out of control - because at Watches and Wonders I observed a lot of the same formula and I'm starting to become overwhelmed with Independent choices with limited differentiation with very high price points and long lead times for simple complications.

Maybe it's a good thing that old and traditional watchmaking is being re-invested again - so that the old techniques are preserved and resurrected by talented new watchmakers. At least it also forces the bigger players to return to haute techniques, better chronometry, and real innovation.

For now, I would choose the Patek every time!

Cheers
Peter

And while that other way is objectively the better watch, guess which one has more “value” today?