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Are today’s watch prices are control?

saulgoodman
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Daytona $13,150, Submariner $7,900, Explorer 2 $8,350, Speedmaster 321 $13,367. These are the MSRP‘s. As we know you would be lucky to pay that these days. The Rolex models in stainless steel command much more. According to some pundits, so will the Speedy 321. Are today’s watch prices out of control, and if so, why do you keep buying them? This is a serious question and I hope to see some well-thought-out answers that will convince me that plunking down $10,000 for a Submariber, or much more for a Daytona is in anyway sane. What say you?
 
BenBagbag
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Why is it any more sane that paying $8000 for a submariner? Want sanity? Buy a casio for $8. It'll keep better time than any of the watches you mentioned.
 
Dan S
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Why would we want to convince you to pay $10k for a watch? If you love the watch and you have the money, then buy it. Otherwise, don't.
 
saulgoodman
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BenBagbag BenBagbag
Why is it any more sane that paying $8000 for a submariner? Want sanity? Buy a casio for $8. It'll keep better time than any of the watches you mentioned.

Thanks, but that is no way responsive to the question. I’m not asking you to compare one watch against the other to justify paying high prices. I am asking you to justify paying the high prices period.
 
saulgoodman
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Dan S Dan S
Why would we want to convince you to pay $10k for a watch? If you love the watch and you have the money, then buy it. Otherwise, don't.

I didn’t think I was going to get much play in terms of a real response, and that seems to be proving correct. However, in response to your comment, there is a point regardless of your ability to pay when your brain tells you, “this is simply not worth it“. I’m wondering if others out there are beginning to feel that way, or if they will pay whatever price the manufacturers, and the second market demands?
 
CajunTiger
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only you can justify the cost...its your coins after all

why do you need a stranger to do it for you?
 
saulgoodman
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CajunTiger CajunTiger
only you can justify the cost...its your coins after all

why do you need a stranger to do it for you?

You are missing the point. Please read my response to Dan S.
 
Evitzee
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Expensive watches are an emotional purchase. Don't try to analyze the prices. Buy if it sings to you.
 
CajunTiger
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saulgoodman saulgoodman
You are missing the point. Please read my response to Dan S.

its all relative...again I ask, why do you need a stranger to guide you in this regard?
 
Dan S
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saulgoodman saulgoodman
I didn’t think I was going to get much play in terms of a real response, and that seems to be proving correct.

Then why did you start the thread?

In fact, there is no "real" response possible. It's a luxury item, not a necessity, so therefore it's an emotional purchase. Nobody can decide how much it's worth it to you. @CajunTiger and @Evitzee are making the same point. Furthermore, everyone's financial situation is different. For some people, $10k is a life-changing amount of money, for others it's pocket change.
 
saulgoodman
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CajunTiger CajunTiger
its all relative...again I ask, why do you need a stranger to guide you in this regard?

You don’t seem to understand. What I am looking for is what other people think about the prices. This is not about me. I am not thinking about buying any of these watches. I am just wondering if we are reaching the price point where even the most ardent WIS are finding it difficult to pull the trigger.
 
saulgoodman
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Dan S Dan S
Then why did you start the thread?

In fact, there is no "real" response possible. It's a luxury item, not a necessity, so therefore it's an emotional purchase. Nobody can decide how much it's worth it to you. @CajunTiger and @Evitzee are making the same point. Furthermore, everyone's financial situation is different. For some people, $10k is a life-changing amount of money, for others it's pocket change.

So what you are saying is that if a Rolex Sub climbs to $25,000 and someone with limitless resources pays that price he/she would not think twice about whether the item they had just purchased is worth the price? That is nonsense. I know plenty of people with limitless resources and they are very conscientious about where they put their money. That is how they got there in the first place.

What I am wondering is what the consensus is about the breaking point? When is enough enough?
 
wristpirate
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saulgoodman saulgoodman
What I am wondering is what the consensus is about the breaking point? When is enough enough?

Surely the breaking point is individual to each person. Don’t see how there is consensus price that the whole world stops buying at.
 
WatchCor
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saulgoodman saulgoodman
What I am wondering is what the consensus is about the breaking point? When is enough enough?

As already pointed out everyone has a different financial situation so in my opinion it is redundant trying to generalize a breaking point.

Watches are luxury items I don't need them. I have a certain budget and if a watch fits in that budget then I can consider it.
 
watchknut
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Oh...another thread on the price of new Rolex.




This is why I focus on vintage.
 
MPWATCH
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The market is a conscious free being fueled by supply & demand. Anything said is speculation - Buy what you love, better safety in models not produced anymore in my opinion. Vintage is a lovely place to enjoy yourself while learning true value.
 
saulgoodman
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WatchCor WatchCor
As already pointed out everyone has a different financial situation so in my opinion it is redundant trying to generalize a breaking point.

Watches are luxury items I don't need them. I have a certain budget and if a watch fits in that budget then I can consider it.

never mind.
 
saulgoodman
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watchknut watchknut
Oh...another thread on the price of new Rolex.




This is why I focus on vintage.

This is not about Rolex you need to read the thread.
 
Shabbaz
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Did you know it costs EUR 93 per month to feed a family of 6 in Kenya?

With € 25 we can provide a family with clean water for approx. 8 days
- With € 50 we can provide a family with clean water for around 17 days
- With € 100 we can provide a family with clean water for approximately 33 days

Watches... 8 or 20k... does it really matter....
 
S.H.
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Watches are not watches anymore, this has been the case for some years (decades?) now. The watches you mention are luxury items, fashion items, social items, etc... not simply functional watches, used to tell the time. BTW, vintage or modern, it is the same boat. These objects degenerated from their primary function long ago, so it is somewhat "normal" to see their prices float around. Some watches are cheap compared to what they are (vintage pocket watches), some are ludicrously expensive regardless of their various qualities (or lack thereof)...

Personally I tune out north of 3k, my own limit. Anything priced more than that, enters the realm of dreams and theories... Veblen goods, smoke and mirrors.
 
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