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Rolex

Dear Edmond: thank you so much for your kind words...

 
 By: Subexplorer : October 29th, 2014-07:58
... my English is not good enough and I find some limitations to express my thoughts, but I try my best.

The merit belongs to Joe and his sharing of his thoughtful approach to collecting.

He said the exact words, and achieved what I always felt about a collector and his relation with his own collection: you have to seat and enjoy, and not focus in the next hunt but enjoy what you have obtained through the long trip of collecting.

Regrettably I couldn´ t reach this status yet, and like it happens to you, I keep looking for the next capture. This is not to say that I don´t get satisfaction from the pieces I own, but the hunt, search and capture takes so much time and excitement which I should better pay to enjoy what I already have.

I also think that I need to focus in specializing, but watches world is so overwhelming big and attractive that there are many distractions beyond the main focus of my own collection.

This I need to study, make my mind and take courage to let go many pieces which now don´t make me smile as much as when I bought them. "Less is better" is a wise thing said here in this thread.

Thank you again for your words, and it is always a pleasure to participate here!
Best cordial regards, Abel.

Abel,

 
 By: Baron - Mr Red : October 29th, 2014-02:17
"purify" is a wonderful word to use....coming from you Mr. Dexter! 

I think it is inevitable that when a collection is being built, watches will come and watches will go. Tastes evolve and indeed what one wants from a collection also changes. Some want depth....others want diversity. Some want focus. Some want intensity. It goes on and on....each with their own view and what is right for themselves. 

Abel, good luck with your plans for 2015....I wish you all the success in achieving your objectives. 

Dear Joe: thank you for your comments. Your words are always ...

 
 By: Subexplorer : October 29th, 2014-08:06
... wise, and your approach to collecting is what I focus to reach... some day.

I had told myself many times, that my enthusiasm makes me invest too much time, efforts ... and resources, to a new hunt, and this takes time to enjoyment to what I already own. 

There is a time to stop and think. Less is better! wise words! Yes, I think 2015 will be a year to think, study, get the courage to say good by to some pieces, and enjoy those which give so much pleasure when viewing on my wrist.

Thank you so much again, and a big pleasure always to read your reflections and knowledge!
Best cordial regards, Abel.


Well.........

 
 By: Baron - Mr Red : October 29th, 2014-08:09
it was the wise Dr. No who said "less is more"......it just takes time to realise he is right

Less is more

 
 By: Le Monde Edmond : October 28th, 2014-14:49
Joe- a great thread once again that you have started. You are certainly talented in picking topics that alloy fellow purists to eagerly participate!
Congratulations your acquisitions. I think for the most part they are superb. Especially the 6542. Why you are not 100% sure is beyond me. Don't worry about the bakelite-just wear it and enjoy it. I would be more worried about your 1019 and modern GMT Master that you have bought (here is me provoking once again). As to your watches and percentages I think you have a good mix between modern /classic. Also the Rolex brand vs other brands. Nice to see that Rolex still dominates.

The more I learn, collect the more I realise that there is really one brand to try and get right. It is Rolex. I am talking sports watches here. For evening watches and complications there are other great brands. Although I could get a pink gold Killy 6236 or a Gold star dial 6062 or 8171 Pink Gold. So no need to go anywhere else after all for complications (ok Rolex does no perpetual calender or minute repeater).

Like Benjamin Clymer correctly said (not his exact words but more or less) Rolex is the creepiest brand to collect; you have to deal with all sorts of weirdo's and mostly people who are not very well educated and only out to make money (this is me speaking now). But from my experience it is really the brand that is most rewarding when you do get it right! Its really a double edged sword: Rolex is the most forged brand with the most crooks involved - but it also gives me the most pleasure. 

To state it simply: Its the most aethestically pleasing brand in my view. Some references are just so beautiful.

So my strategy: To focus on this brand and do my homework, and more homework so I do get it right.
I am only in the fourth inning (a baseball analogy) and there are many more models to go after. This year I did manage to get two important ref: 6542 and 6205.

In 2015 I will devote my attention only to Rolex (like I did in 2014). And hope that prices take a pause.

Best Edmond
ps: One thing 2014 has taught me: getting Rolex watches right is much harder than car collecting.....!

The analogy with car collecting is good...

 
 By: amanico : October 28th, 2014-15:04

It is not that easy to find a correct and in great shape one... And, like watches, when you fall on one, you have to pay it high....

Best,

Nicolas

This message has been edited by amanico on 2014-10-28 15:05:34

Edmond....

 
 By: Baron - Mr Red : October 29th, 2014-02:40
....you are an investor and a collector. You merge the two processes into one....and I can see that works with you well. You also adopt a philosophy that appreciates depth rather than diversity. You don't like my Sea-Dwellers, but you do like the fact that I have 7 of them and have obviously spent a lot of time researching those 7. Oddly, one of the things I am considering for 2015 is cutting my Sea-Dweller collection by 2 or 3 watches. Depth of collecting is one methodology, but actually it is one of many. Now, the philosophy of a collector can and often will diverge significantly from the philosophy of an investor. Spread your eggs across a lot of baskets or put all your eggs in one (but watch that one basket very carefully!). Investing vrs collecting. In this sphere, the mixing of the two can create a lot of obfuscation in approach. As an investor, I am like you....highly focused and with purposeful intent. As a collector, we differ....and that is because in my approach (imagine a Venn diagram), the collecting and investing circles do not really overlap. I buy watches that i know i will lose money on....for example the Rolex GMT Bruiser. It doesn'tbother me in the slightest...yet as you state, you would be more "worried" about my GMT Bruiser and 1019 than you would be about my 6542. Why worried? If it is about money return on the pieces, then yes, plausibly, the 6542 may procure a higher financial return. But actually, that issue was never a part of my process...separate circles. 

Seeing as you are quoting from the classics (!), let me share one with you....to quote Agent Smith from the Matrix, "let me share with you a revelation I have had". The return I see from my watch collection has no relation to its financial value. Zero. I Have often paid way through the market price for a watch because I needed it in my collection. Take my Sea-Dwellers.....I would guess that at the time of each purchase, I paid way through previous highs. Reason? Because each piece was going to be extremely hard (and in some cases impossible) to ever find again. I love Sea-Dwellers....so i needed them. It was not about investing in future icons for a financial return.

Which brings me back to my revelation. I sat and looked at my Rolex collection recently, and my revelation was that my return came entirely from my perception of the collection. My perception.....not anyone else's.....I appreciate that you hold strong opinions, but of course strength of opinion often has little correlation with validity of opinion. Our own opinions are our personal truths...nothing more and nothing less. I love Sea-Dwellers....you don't. That doesn't make me right and you wrong...or vice versa. In fact, it is precisely because it doesn't that my revelation holds true for me. I am happy and content with my collection not because it is the best...the rarest....the most iconic.....the most valuable......No. None of this is relevant. I am content because my perception of it is where I want it to be. That really, is the only issue of importance. 

As always.....very interesting to debate some of the philosophies adopted on these forums ... of which you bring many interesting and relevant perspectives. Appreciate your prior response...as ever...we grow.

Joe

I respect your answer

 
 By: Le Monde Edmond : October 29th, 2014-04:50
Joe,

I respect your answer very much. I also respect you as a person, and respect your knowledge of watches and of views in life in general.
Be assured I can and have learnt much from you. It is why I value Purist- the moderators for the most part put passion before profits. Passion
before any monetary value. It is what my mother has done her whole life. She could not care less about anything monetary. I am different for sure.
Just to clarify on a few things which you may have misunderstood. I am not worried about your new GMT master or 1019 due to financial concerns.
It is quite simply: I don't care for them aesthetically. I don't find either of them remotely attractive (the GMT master maybe more so than the 1019).

I am all about aesthetics really. I cannot help but I am such a visual person. If I cannot fall in love with it optically speaking I cannot buy it.
That is my big concern about SD. I cannot find them appealing in any way. I am well aware that there EXTREMELY collectible - maybe the
among the most collectible of all models. But I cannot buy one as I don't find them attractive. This alone shows you that I am not only about the financials!
If It was I would also have several Paul Newman Daytona. But I don't. I love submariners and GMTs much more.
I buy first and foremost what speaks to my heart. That is why I love the 6542 so much. Its colorful, beautiful and playful-this speaks to me. This is the point 
I was making in telling you I am worried. Nothing to do with financials.

Having said that I am for sure more concerned about my watch collection how it might perform in terms of value than you are. That might be the truth and
I not afraid to state it openly. But I am just as much about passion as I am about anything financial. My blog is the best proof I have of that. I get no return from it. Zero.
I do it purely out of passion.

It is clear you collect longer than I do and as Abel has stated, 'you have reached a level of maturity' that allows you view collecting differently. As you state:

my return came entirely from my perception of the collection. My perception.....not anyone else's..... I am happy and content with my collection not because it is the best...the rarest....the most iconic.....the most valuable......No. None of this is relevant. I am content because my perception of it is where I want it to be. That really, is the only issue of importance. 

To be happy with ones collection simply due to one owns perception of where one wants it to be is the ultimate goal perhaps. I have not reached that goal yet, my perception is still influenced what goes on with different Forums, the auction houses, the demand for various models. All for sure play a role in the decisions I make. But first and foremost I have to love the watch aestheically. It is my Nr 1 criteria. 

Thank you again for your thoughtful post which I will read many more times in the coming days.
Best Edmond 

cutting your cool SD collection ?????

 
 By: marcello pisani : October 29th, 2014-05:32
oh my God !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
you are running a big risk !!
watch your back .......





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