Ive had a couple actually but I don't gob on about how to put profit before enjoyment since it sucks all the joy out of the hobby and makes it look like you are only here to make a fast buck.
Post a pic or two of the Omegas you have and make the post rather more interesting for the less Gorden Gecko oriented of us.
The CK2998 Blue Panda is reliably selling in the $7k range now (retail $6.5k). Not a stellar investment but it is steady. If the rumor that the FOIS is to be discontinued is true this will put a floor under all CK2998 case models.
I agree the response to the virus has done more damage than the virus itself. Whether we are at a pivotal moment will be one for historians. Global debt is presently at 320% of GDP which is unsustainable. Had we not found a vaccine then that debt would have continued to increase which would have ultimately ended very badly. So the fact a vaccine has been found will impact everything including demand and supply of watches.
Bought 3 already. Contemplating my options further.
I won't apologise for being a pragmatist. I enjoy my watches as much as the next man (or woman) for that matter. To put this into context I wonder if you or the other detractors could, hand on heart, say you've never sold a watch. I can. I have never sold a watch - for profit or for any other reason - I still own all of them including the Seamaster I bought in 1988. At no point have I 'gobbed off' (classy comment) about putting profit before enjoyment - re-read my posts.
Nice, which 3 have you collected? If I was to go the LE route, I would get an Apollo XVII 45th anniversary. Love that dial.
If you are sensing some negativity I guess it's because these kind of "watches as investments/assets" posts have always been in the minority on OF due to the fact the majority of the membership tend to be watch purists/enthusiasts rather than out and out investors (I accept it's possible to be both by the way but humour me in my generalisation please).
When a new member with little introduction or background info joins the forum and immediately starts a post about investment potential then the hackles go up.
It may be they have got you wrong but only time will tell. It's no coincidence that not one "like" for any of your posts to date. Whilst I'm sure that wasn't you raison d'etre for the thread it is inciteful nonetheless.
Maybe some pics and background will help
Thank you for your explanation. I wondered what the problem was. Not sure what background info you are looking for other than I collect watches and I enjoy them for what they are and am equally interested in them accumulating value.The attraction of a watch is its aesthetic but intrinsically linked is value. If there was an absolute guarantee that all watches dropped to zero in value in 12 months time and prices were guaranteed to never recover I wonder how many watches we'd all hold onto.
Also, if one was only interested in aesthetics why does the 2nd hand watch market exist? Surely if value doesn't come into play people would just give their watches away to other enthusiasts for free.
I'm sure there are purists that'll disagree with this and that is OK. After all, if we were all the same life would be pretty boring.
I was generalizing of course and without doubt all shades of collector exist on OF. It was just a very direct first post which was in some ways provocative.
We love photos and these tend to make life a lot better.
Let's see some of your watches. I'm wearing this today
Taken 20 seconds ago.
And yes it runs fast.
Taken 20 seconds ago.
Assume you are uk or nearby by the time unless 12 hours ahead in the antipodes I guess?
I'm in hampshire
I'm in God's own country my friend.
Love this mod by the way. One of my favourites
Upstate New York?
Also, if one was only interested in aesthetics why does the 2nd hand watch market exist? Surely if value doesn't come into play people would just give their watches away to other enthusiasts for free.
I'm in God's own country my friend. Which may go some way to explaining why I am interested in value. That and my Scottish roots.
Well I can at least give you my perspective. When I buy a watch, it’s:
Credit: Cash Debit: Expense
I don’t view these as assets on my books, and thus I purchase at a price range where I am comfortable losing 100% of the proceeds. Because of this, I do value bang for buck, and the secondary used market provides that.
I just enjoy life more when I separate cash for investing and cash for hobbies, passions, adventures etc. But that’s my personal philosophy.
My fathers a Yorkshireman too. Wakefield/Barnsley way
