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Watches - info and discussion
FitnessFrenzy:
very interesting chart, mops. I think the high interest rates are to blame, but who knows...
FitnessFrenzy:
Irongrip400:
I have a 20 year old Movado in bought out of college when I got a promotion and one about 14 years old I bought on my honeymoon. I have a few Tags that are probably 8-10 years old, one a Carerra I couldn’t even find if you paid me. I also have two Breitlings I’ve bought in the last 3-4 years. A Superocean Heritage I bought in Mexico on a Disney cruise and another I bought a year or two ago, an Endurance Pro both of which I like. I didn’t realize until reading about it in threads like this, that most watches go down in value except for Rolex and Patek Philippe. There are more but I don’t know any of the names off the top of my head but it actually got me wanting to look into buying one or two of those and “Flippin up” for better watches. I go to the Caribbean a few times a year and although they have Rolex AD, all of them are used. Fuck a waiting list.
Phantom Spunker:
--- Quote from: Irongrip400 on October 21, 2024, 08:34:04 AM ---I have a 20 year old Movado in bought out of college when I got a promotion and one about 14 years old I bought on my honeymoon. I have a few Tags that are probably 8-10 years old, one a Carerra I couldn’t even find if you paid me. I also have two Breitlings I’ve bought in the last 3-4 years. A Superocean Heritage I bought in Mexico on a Disney cruise and another I bought a year or two ago, an Endurance Pro both of which I like. I didn’t realize until reading about it in threads like this, that most watches go down in value except for Rolex and Patek Philippe. There are more but I don’t know any of the names off the top of my head but it actually got me wanting to look into buying one or two of those and “Flippin up” for better watches. I go to the Caribbean a few times a year and although they have Rolex AD, all of them are used. Fuck a waiting list.
--- End quote ---
I couldn't be bothered with flipping them. It's too much effort for basically a few grand each time until you build up enough of a spend history to get offered the few highly coveted pieces, and even then there's a wait unless you're connected or a VIP. And with Rolex, you'd still likely be stuck with a few OPs and Datejusts that they made you purchase to 'build a relationship', and you won't make a profit on them.
With Patek, forget about it. The money is astronomical before you'd even have a hint of getting one of their sports models at retail. I chat to a Patek boutique manager and AP boutique manager every few months. They're cool guys and they let me try some pieces on but they have very strict rules on who they sell to, and the demand for the popular pieces is insane. To even get on a list for, say, a Royal Oak, you have to buy their crappy Code 11.59 first. Same deal with Patek.
My mate has said he will give me his spot for the new Rolex GMT at retail when it comes up soon (he already has a few GMTs and has moved onto Patek) and I may take him up on it. He doesn't mind if I sell it on after 12 months or so, but as I was saying, I don't know if I can be assed. I like the look of it and might just keep it, but I'm tight-fisted and it will sting to part with the cash.
Phantom Spunker:
Patek's new release has been met with almost unanimous scorn. I guess I must be the only person who thinks they look great. It does look like a Santos, but I like that, and I like rectangular watches. Perhaps it is a lazy design but to have a current Patek with this aesthetic is nice.
My complaint would be that it's far too big, but I'm sure they'll release it in a smaller size. Also the price for the stainless steel is silly and means it is still unobtainable for most, but on looks alone, I like it.
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