Reality check/potential downer post of the day...

Fritz · Jun 4, 2016

There's enough floating about to take care of the family and no debt to speak of and my kids aren't interested in my watches and clocks so when I croak someone will get a nice pile of cool stuff. Hopefully that somebody will sell the stuff through proper channels and get whats its all worth but I really won't care 'cause I'll be dead.

Till then I'm going to buy another motorcycle or two and enjoy my junk.

Larry S · Jun 4, 2016

My wife told me her sister was retiring because the practice where she is a nurse is closing. I asked are they in good financial shape? She says "yes the house is paid off and they don't buy expensive watches! "

Junior archer · Jun 4, 2016

No kids and one watch, maybe two to be worried about and maybe more to come. The first one was a gift from a very dear friend that I hope to pay forward. Despite not having children, there are still some young people that I hope to have an impact on. Hopefully some day I will be able to provide them with a watch that has the same value to them as the one I received. Not just dollars and sense but as a reminder of a great friend and mentor. And in an interesting twist, the killers just came on the radio...... ;-)

Larry S · Jun 4, 2016

Fritz
There's enough floating about to take care of the family and no debt to speak of and my kids aren't interested in my watches and clocks so when I croak someone will get a nice pile of cool stuff. Hopefully that somebody will sell the stuff through proper channels and get whats its all worth but I really won't care 'cause I'll be dead.

Till then I'm going to buy another motorcycle or two and enjoy my junk.

🥰

Canuck · Jun 4, 2016

I count myself lucky that my late father didn't similarly decide to take his watches to the grave! A modest collection to be sure, but still.

Impondering · Jun 4, 2016

A local clock collector told his family NOT TO SELL his clocks when he passed away. He is now deceased.

Not sure if they followed through with his wishes.

Peecmkr · Jun 4, 2016

M'Bob
Okay, so you've amassed a pretty impressive and valuable watch collection over the years. But as those years imperceptibly wear on, you wake up one day and find out that you still have a fine watch collection...but you're old.

So what do you do? Gradually pare down starting at 60? Hit 70, or 75 and then give the whole thing to one of the popular auction houses? Or say, screw it, and hang on to them 'til the bitter end, and let the heirs worry about it?

And if you're young, and think this is a long way off, I have sobering news for you...

You can always leave them to me! 😉. Seriously though, enjoy them till the end

ahartfie · Jun 4, 2016

Psych
My kids have no interest in my watches - they use their phones to tell the time. But we know from all the "Uncle" stories on the Forum, that nephews and nieces always appreciate a valuable inheritance.

I'm 44, single without children, and I've designated in my will that one nephew gets my great-grandfather's Lange pocket watch, and my other nephew gets all my wristwatches. I'll probably rewrite that part in years to come to include my niece with the watches and to divide the collection some more. I didn't have as many watches in 2012 (when I wrote the will) as I do now.

It actually worries me what's going to happen to all the family stuff I've inherited/acquired by default when I pass. I'm the family historian and have a lot of stuff.

watchyouwant · Jun 4, 2016

forget the watches; that bike is a ripper !!!! kind regards. achim

Mark020 · Jun 5, 2016

Ravineman
The Concord cost $ 5,000 30 years ago and I was offered $ 3,000. This is the one I gave to my sister lol
The Patek cost $40,000 ( yup ) 30 years ago and I was offered $ 3000 6 months ago. I still have it lol

Pics please. Any Patek is over 3k isn't it?

Larry S · Jun 5, 2016

Fritz
There's enough floating about to take care of the family and no debt to speak of and my kids aren't interested in my watches and clocks so when I croak someone will get a nice pile of cool stuff. Hopefully that somebody will sell the stuff through proper channels and get whats its all worth but I really won't care 'cause I'll be dead.

Till then I'm going to buy another motorcycle or two and enjoy my junk.

Ok gotta ask .... Make model year of that fantastic bike please. It's a beauty!

ahsposo · Jun 5, 2016

I plan on living forever.

So far my plan is working out pretty well.

STANDY · Jun 5, 2016

Taddyangle
Valid concern. Been thinking about this too.

My boys know they will each be given a watch once deemed worthy. They will also inherit one in my memory.

As far as the others....not sure yet. I'm thinking I will sell a few and fund something I would never otherwise pay for outright. Maybe a sailing trip in Caribbean or a trip to Australia . Probably both and then some if/when I sell the Ed White.

Need to go shop for a watch now. Still trying to determine which ones get passed. I have three of the four figured out.

If coming to Australia I can put you up, feed you fresh local produce 3 times a day and sort you out with a car and boat. We use watches as currency in my neck of the woods 😉

Fritz · Jun 5, 2016

Larry S
Ok gotta ask .... Make model year of that fantastic bike please. It's a beauty!

'93 Enfield Bullet. Many people who I meet while riding it regard it as junk because of where it was made (India) and I've had some incredibly rude comments made about it, and me, because of that. Which just goes to show how narrow minded people can be and that racism is alive and well.

Of the thirty bikes I've owned its the favorite.... and the most reliable long term.

Larry S · Jun 5, 2016

Well it's beautiful. Last I checked a lot of folks ride mortorcycles in India so I'd guess they know a thing or two about building good ones.

Ravineman · Jun 5, 2016

Mark020
Pics please. Any Patek is over 3k isn't it?

Exactly what I thought ....
Below is one of two quartz 18k gold Pateks bought new in the early 1980s. This one watch was north of $ 40,000 and its perfect, without a mark on it and I have the box and all the documentation. I was offered $ 3,000 for it when I considered selling it to buy a Speedmaster. There was no way I was going to sell it for $3,000 so here it sits in a drawer and I continue to seek a Speedmaster
.
My point is timepieces have been, for me, a rather poor investment, so I don't worry about their fate when I am gone.

Archer · Jun 5, 2016

Ravineman
Exactly what I thought ....
Below is one of two quartz 18k gold Pateks bought new in the early 1980s.

Well, that's not a Patek, but a Piaget...

dennisthemenace · Jun 5, 2016

Archer
Well, that's not a Patek, but a Piaget...

Should have gone to specsavers.

Ravineman · Jun 5, 2016

Archer
Well, that's not a Patek, but a Piaget...

LOL !!!!! .. at least they both start with a "p"
I actually think Patek and Piaget are on the same level, but that may be wrong.
The point remains the same though, luxury watches have been a poor investment for me.

Archer · Jun 5, 2016

Ravineman
LOL !!!!! .. at least they both start with a "p"
I actually think Patek and Piaget are on the same level, but that may be wrong.
The point remains the same though, luxury watches have been a poor investment for me.

I'm pretty confident that a Patek would have been a much better investment than an out of date style solid 18 k watch with a dodgy quartz movement.

These are pretty much worth scrap gold value...

Reality check/potential downer post of the day...

Fritz

Larry S

Junior archer

Larry S

Canuck

Impondering

Peecmkr

ahartfie

watchyouwant

Mark020

Larry S

ahsposo

STANDY

Fritz

Larry S

Ravineman

Archer

dennisthemenace

Ravineman

Archer

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