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How much money do you invest in watches?

Dan S
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I am generally hoping that values will go down so that I can buy more of the watches I like. Not the usual profile of an investor.
 
abrod520
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To the moon To the moon
I challenge anyone who says that they don't invest in watches when purchasing. At some point you are going to be interested in how much your purchase is worth weather it's an hour or 10 yrs later. Nobody enjoys losing money as far as I'm aware ( unless for tax reasons ) and it may sound very chiverous to advertise that we purchase for love and enjoyment but, at some point you will check how much it's worth which instantly makes it an investment

I'm only interested in what a watch that I own is worth at the point that I've decided to move on from it
 
To the moon
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Archer Archer
Being interested in it's worth does not make it "instantly" an investment - sorry but that is complete nonsense. The only reason I'm interested in what the watches I own are currently worth is for insurance purposes.

An investment is something you buy specifically because you are expecting it to gain in value when it is sold at a later time.
Surely that's an initial investment? When you monitor something's monetary value doesn't that make it a financial investment?
 
To the moon
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abrod520 abrod520
I'm only interested in what a watch that I own is worth at the point that I've decided to move on from it
Yes, I can understand that. But I bet your hoping that it's risen in value which would make it an investment surely.
 
jetkins
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Invest? I buy 'em because I like 'em; if they happen to appreciate, that's a bonus.
 
Davidt
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Dan S Dan S
I am generally hoping that values will go down so that I can buy more of the watches I like. Not the usual profile of an investor.

Double like!
 
Archer
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To the moon To the moon
Surely that's an initial investment? When you monitor something's monetary value doesn't that make it a financial investment?

To the moon To the moon
Yes, I can understand that. But I bet your hoping that it's risen in value which would make it an investment surely.

Not sure you have the same definition of what an investment is as I do certainly. Since I have no intention to sell, if they go up or down in value is of no consequence to me from a financial gain point of view. Again the idea that "monitoring" the value makes it an investment is not true - only monitored in order to keep an appropriate level of insurance.
 
Dan S
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Davidt Davidt
Double like!

😜

Every time I read one of @Tony C.'s posts about the impending global economic collapse and the vintage watch bubble, I think, "I wish it would hurry up and happen so I can buy more watches!" 😉
 
mayankyadav
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eugeneandresson eugeneandresson
Somewhere between $0 and $infinity...
Your stats are interesting right now with 1234 posts and 2222 likes

Buy a watch from sales section to commemorate this special no alignment 😉
 
shishy
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Pretty sure any money I spend on a watch is money I'd be ok losing if I woke up and it wasn't there. So sometimes if I sell, I'll usually just do it for the price I purchased for (or less, if I had overpaid).

Doesn't make too big of a deal, mostly do it to collect/own the pieces, add to their history, and move them on...
 
abrod520
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To the moon To the moon
But I bet your hoping that it's risen in value which would make it an investment surely.

To be honest with you, by the point I've decided a watch has to go, the initial value I bought it for is more of a sunk cost - whatever I sell it for is a plus
 
gostang9
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To the moon To the moon
Surely that's an initial investment? When you monitor something's monetary value doesn't that make it a financial investment?
I think of watches primarily as 'assets' and therefore I have some level of interest in roughly what they are 'valued at'. However, I plan to hold for the long-term and so any gain or loss in value over time is interesting but not too important.
- I do realize that my spending on watches is a selfish pursuit that neither my wife or daughter benefit from or having any interest in. So any thought of the liquidation value in my watches is merely from wanting my wife to be able to cash-out my collection at as close to the value I put into them should I meet an untimely end.

I think of stocks and real-estate as 'investments' where I hope the initial amount grows and will return gains either through dividends or price appreciation. I don't put money into watches for this reason at all and hence why I don't consider them as 'investments'.
 
shishy
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abrod520 abrod520
To be honest with you, by the point I've decided a watch has to go, the initial value I bought it for is more of a sunk cost - whatever I sell it for is a plus

I am personally the same, although I can imagine many will disagree with that sentiment.
 
gostang9
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abrod520 abrod520
To be honest with you, by the point I've decided a watch has to go, the initial value I bought it for is more of a sunk cost - whatever I sell it for is a plus
Two other considerations are servicing costs at regular intervals (for those of us holding watches a long time) and the opportunity cost from putting money into watches rather than other things.
 
abrod520
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gostang9 gostang9
Two other considerations are servicing costs at regular intervals (for those of us holding watches a long time) and the opportunity cost from putting money into watches rather than other things.

Service costs are sunk as well; if I buy a watch for $x and spend $y servicing it over the years, I don't expect to sell it for $x+y down the road.

As for opportunity cost, watches are my primary hobby/interest from a financial perspective (i.e. I spend much more on this hobby than any other of mine) and so for me, I think more about the opportunity cost of spending (significant amounts of ) money on other things that I might otherwise be able to put towards a watch that I really want
 
gatorcpa
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How much have I invested? Zero. New watches are as good an investment as new cars. Which is horrible, 99.9% of the time. Vintage watches are more like vintage cars in that there is a certain maintenance cost to ownership (i.e. no warranty), but most of the time the decline in value (if any) is minimal.

That being said, I try not to pay more than what I perceive to be fair market value for a vintage watch. This means that I will miss out on a lot of opportunities, but I’m perfectly OK with that.

Hope this helps,
gatorcpa
 
eugeneandresson
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mayankyadav mayankyadav
Your stats are interesting right now with 1234 posts and 2222 likes

Buy a watch from sales section to commemorate this special no alignment 😉

Hahaha that’s awesome. Actually just sold one on exactly those stats...buy one, sell one, same same but different 👍
Edited:
 
Tony C.
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Dan S Dan S
😜

Every time I read one of @Tony C.'s posts about the impending global economic collapse and the vintage watch bubble, I think, "I wish it would hurry up and happen so I can buy more watches!" 😉

Don't forget - there are plenty of fine and attractive watches on sale right now! 😉
 
Alpha
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Invest ? money and drain come to mind, enjoyment yes 😁😁
 
watchknut
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Invested...$0 hard dollars.

Spent...way much more than I have any business spending, but soft dollars don’t count, right?

That is what I tell my wife...
 
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