blau
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5950a thoughts. Am I being narrow-minded?
I see that there's a 5950a coming up for auction, still sealed in its plastic baggie. I see that this very same watch was purchased at auction from a different auction house, in that baggie, four years ago. I think it's safe to bet that its next owner, who will pay a significant premium over what they would for a non-sealed example, will keep it in that baggie.
The 5950a is a wonderful, wonderful watch. There really, in my book, might not be anything better. So I can't help but think it's a disgusting shame that this superb, carefully-thought out, rare, and supremely wearable watch is just going to stay in that sealed baggie, never worn, never even wound, never even FONDLED, and serving not as a watch, not as a wearable piece of art, but just as an investment vehicle.
In fact, it kind of makes me sick, makes me say: Patek shouldn't even be going through the pains and care of MAKING these watches if this is how they're going to be treated. They might as well just issue bonds that say, "5950a" on them, save themselves the trouble, and allow the Patek market to flow with greater liquidity. Because it's clearly not about the watches.
Am I being narrow-minded about this?
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5950a thoughts. Am I being narrow-minded?
I see that there's a 5950a coming up for auction, still sealed in its plastic baggie. I see that this very same watch was purchased at auction from a different auction house, in that baggie, four years ago. I think it's safe to bet that its next owner, wh...
I have heard before that people had nasty surprises with sealed watches passing from buyer to buyer.
The story goes that unsuspecting buyers bought and kept the watches sealed and then years down the road and several buyers later it was deemed to not be an authentic watch. As they say buyer beware. Investment vehicle. Yuk. Just my 2c Bill
ha!
I guess that's just one more reason for its new owner to keep it sealed! Wouldn't want to be the one standing there when the music stops.
I think you are perfectly right. We (or at least most of us here) view watches primarily as a passion and/or a cultural interest, others entirely as an investment.
This is why in recent years Patek has directed all ADs to unseal a watch upon sale to the final customer; normally you don't even get to keep the opened carton box. So examples of sealed Pateks at auction will probably be fewer and fewer gong forward, at ...
There are plenty of watches from plenty of brands that are not hype driven.
There will always be a segment of those who purchase individual watches for an investment, which I can’t understand personally as (i) you can’t invest enough except for the biggest pieces to move the needle for your personal wealth and (ii) unless you are...
The 'moving the needle' point is a good one.
I hadn't thought of that before--it's a good way of pointing out that our concerns with watch collection value tend to be weirdly fetishistic about money-making.
Probably my favorite PP...
Cushion shape...Interesting (rarely seen) complication...Breguet numerals...Manual wind...Stainless steel. Nice! Even though I will never have the funds to buy one, I have my own rule within my budget (for watches and other things): Don't buy it if you ca...
Safe queens ...
There is exactly one circumstance when I applaud an owner for buying a watch and keeping it in the safe for a dozen years. That’s when the owner buys a great reference (say, the 3940) just before it goes out of production and then sells it to someone like...
