edtonkin
4998
I don’t pay this much attention and frankly I’m sorry to see this article. I have always bought what I like. I’ve not been a seller at all. Rarely.
Mar 21, 2019,19:50 PM
The enjoyment I get from collecting is the “story” behind a piece which often is linked to a person or personality; a unique feature of a watch and/or how it makes me feel. Never have I bought with the idea of making money; and I rarely sell a watch (and if I do it’s usually to buy/trade into another and never to “monetize” it.)
Further, my home town of Portland is not a watch haven and very few people there would know an expensive watch from an inexpensive watch. My passion is purely a private one. With one BIG exception and that is all of you; the very fine people in the watch community who share this passion and who I have found to be exceptionally nice, warm, knowledgeable and helpful people. I treasure the relationships with many I have made through this shared interest. I never would have met most of these folk had it not been for my interest in collecting watches. It’s the best part, really.
So let the “investors” come and go. The “return” on my investment is the pleasure I get every time I look at my wrist whether it be my $700 Mido Commander Shade or a more expensive Rolex or beyond.
So there!
Comments:
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New York Times - Watches are the new Bitcoin
By: Bill : March 21st, 2019-08:34
it is a really sad way to look at the virtues of watch collecting and align it with investment. We have had this discussion many times in private and we have a general consensus that to some it is an investment wstch dealer etc. But the majority of collec...
Generalizations....
By: InHavenPro : March 21st, 2019-09:13
Fail miserably many more times than not. I like that quote of course, I became an active member here precisely because it was crystal clear the vast majority of participants were in it for the right reasons. If I wanted to become an investment banker I co...
Well known topic, indeed.
By: amanico : March 21st, 2019-09:16
This universe of ours has become crazy, more and more crazy. I have only one rule, here, and I stick to it: I only buy what I like. But I cannot ignore that there are more and more people who consider watches as an investment. Best, Nicolas
Bad turn of events over the last 10+ years
By: vitalsigns : March 21st, 2019-09:54
The hobby, if you can call it that now, has for many become all about ostentation...the age of look-at-me Instagram posts. The age of maximum appreciation of the most noticeable watches. This hobby used to be totally under the radar--something I loved abo...
+1! [nt]
By: amanico : March 21st, 2019-11:09
+1 [nt]
By: massi. : March 21st, 2019-12:23
+1 [nt]
By: NoH : March 21st, 2019-15:32
+1 [nt]
By: Gelato Monster : March 21st, 2019-16:30
+100
By: MTR : March 21st, 2019-17:58
Best, Thomas
Isn't it possible to narrow that down a bit?...
By: shortys home : March 21st, 2019-10:10
I mean, am I wrong in locating the investment type watch interest into some clearly defined segments: vintage Rolex, Patek Nautilus ( with slight expansion into the AP 15202), selected other vintage pieces? The interest in recent Rolex Sports models is to...
I see nothing wrong with astute collectors buying whatever they like.
By: Bill : March 21st, 2019-10:57
It is unreasonable to think collectors don’t understand or see value we all agree. This can been seen and even ok by me to buy a watch hoping it will retain its value. Perfectly reasonable and logical. I think the institutionalization of watch buying as a...
put a fork in it! [nt]
By: aston.db4 : March 21st, 2019-11:04
If the NYT is churning out speculative articles about watch investing, the collecting side is done. It's almost farcical to compare watch collecting to bitcoin.
The mix is the trick
By: COUNT DE MONET : March 21st, 2019-12:48
If it happens that a watch I like could be an investment, then I buy it. If it happens a watch that I like is truely not in investment, then I buy it. I have not sold any of them because I love them all.
I would say if you are looking at it from a barn find point of view.
By: Bill : March 21st, 2019-16:13
The internet leveled the playing field making barn finds impossible. If you look at it from a community stand point iI think places like our forum here are in a time warp as we all still have bright eyes and bushy tails adoring everything from a run of th...
Far from a bar find perspective
By: reintitan : March 21st, 2019-22:08
I'm talking about the speculative run on regular pieces like stainless steel Rolex sports models, Patek Nautilus and Aquanauts, AP Royal Oak Jumbos, and FPJ Chronometer Bleu models which are now impossible to get at MSRP if they can be found outside of th...
Bitcoin?
By: Chromatic Fugue : March 21st, 2019-20:04
Look, unless I am very much missing something, the bitcoin analogy suggests that the only losers here are those who foolishly view watch collecting as a wise investment strategy. The winners are people like us who pay what we consider appropriate for what...
realised the situation is sad for collectors and enthusiasts.
By: jomni1 : March 21st, 2019-20:11
These Investors will suck up the supply but just keep them in the vault until price is right. Collectors will then need to chalk up a lot if they want to get it. Normal enthusiasts who want to just wear the watches gets priced out.
Luckily
By: Chromatic Fugue : March 21st, 2019-20:21
The “investors” are interested only in a limited number of models, leaving the vast majority for non-investors.
odd headline...
By: keks : March 21st, 2019-22:30
can not agree at all. Do not see it at all different from cars, art, wine, or other collectibles that have appreciated as much or more in the past decade. Whisky has outperformed rare watches considerably so surely a tastier form of bitcoin... This is mer...