The infamous "why would you spend so much on a watch?!" question....

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Just important to remember that 90 percent of the worlds population does not have the opportunity to spend thousands of dollars on watches and to be able to fulfill a passion for watches or any other luxuary articles for that matter is a privilege. So surprise over the amount of $$ spend on a watch can be legit. Dennis is right: because we can. If communist ideology ruled the world none of us would be spending these kind of money on watches. Except the high party members of course 馃槖
 
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I guess I should have posted, these are the babies I have had the privilege of owning in the past! 6c54b90fd05d8998f4a26679c6c5c260.jpg 4ae2d84bfd285eb2f46273464184b68e.jpg fd8d7a554e3e551333f53a98294d4dc8.jpg

The last one is an SMP 150th Anniversary 馃榾
 
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I'm guessing you're an economics guy! Am I right?! 馃榿

Nah, not close. However, I have been learning about and following economics with increasing interest over the past 15 or so years. We're at a remarkable historical juncture, and I'm of the belief that the more one understands what is happening, the better one's chances of preserving wealth.
 
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I'm not clear what it is that you are disagreeing with. The distinction that I stated is factually true, and important. Now, if you want to argue that fine watches and paintings, etc., have far less intrinsic value than their market values, and that therefore belief or perception plays a role in increasing their values, I don't disagree. But a Rembrandt is worth vastly more than the work of a lesser artist, and a Patek Philippe far more than a Timex for many reasons, some of which relate directly to quality. Also, the best *things* which cannot be reproduced have increased greatly in value over a very long periods of time, underscoring that they are far better stores of value than currencies, which are invariably degraded by those who issue them.

bravo
 
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Look,

I enjoy watches. I love researching, collecting, and wearing them. I don't think twice about spending hundreds or thousands on a watch I fancy - but I do it with the insular market in mind, irrespective of the actual justification for the prices themselves.

Arguments:

1. Watches are miracles of engineering!

Retort: If this were true, a Lemania CH 27 watch would be worth the same as a Omega 321. It is not. At times, they are worth orders of magnitude less. Different dial? Perhaps somewhat prettier? Give me a break.

2. Why buy expensive things? Because I can!

Retort: If you're not embarrassed, I'll be embarrassed for you.

3. Watches are art!

That statement is independent from momentary value and it always will be. It's a pretty but flawed way to justify the costs.

My easy mindedness about spending the kind of money that I do on watches rests solely on the fact that I know that other collectors are willing to pay the same. That is it. I will not try and assure myself that a watch is worth as much as three years of groceries, I simply will not and I don't think I or anybody else has to.

These things fall within the economic parameters of luxury goods and although I feel the concept is actually genuinely evil, I will continue to indulge myself because I understand the rules of the game and enjoy the hobby. 馃槦
 
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'because I can' is about as close to an expression of the 'why' as I can conjure.

I get a lot of satisfaction when I look at the watches I wear. It's a little thing, but when I glance down at my wrist, at least 6 times out of 10, it's more to look at the watch than it is to check the time.

The satisfaction comes from a few things.

It's very nice to know that I spent a few thousand dollars on a watch and I didn't have to give up something to get it. It's a little self congratulations maybe that I'm doing ok.

It's rewarding to appreciate something that is well designed, beautiful, effective, serves it's purpose and looks good doing so. It's a moment out of the day where, for a second, I can just appreciate something that's not all caught up in real life. A 'smell the roses' moment if you will.

It's like a little secret I have with myself. People see my watch I'm sure, but how many of them know it's a Chuck Maddox Holy Grail, or a 751 chronometer in a semaster instead of a constellation, or whatever. When I look at a watch I'm wearing, I think about the fact that it represents time I've invested in something I really enjoy and wearing a nice piece is the reward for having invested enough to know what I like and why.

Like any sort of luxury, it's hard to justify objectively because it's purely subjective.
 
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Wait till you tell them how many watches you own. 馃槈
 
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Wait till you tell them how many watches you own. 馃槈

Never EVER tell anyone that number. Not even your wife.
 
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"why would you spend so much on a watch?!"

Because I'm an addict.
It's too easy to anonymously sit at home and either chat online with other addicts/enablers or even just 'lurk' and build up a stronger craving.

Research, resale and appreciation of the finer things in life is all simply justification / denial of my habit.

[No smilie face added, intentionally]
 
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Had a similar conversation with a few Army guys a few years ago about watches. All wearing G-Shocks and the price of my watch came up and the
"your crazy". So i led them into what type of cars they drove conversation, and most had expensive V8s.
I asked if they would drive a Toyota Camry instead of the twice the price car they drove, and upon all saying no i said
"Well you have one on your wrist" 馃槜
 
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Never EVER tell anyone that number. Not even your wife.
I use the same line with my wife that she uses with me and her shoes. "I've had this forever"
 
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It the person is receptive, and i have the time. I will say that a $5000 watch bought right is actually cheaper than a $100 Casio. Explain the difference between buying an appreciating asset vs. an expense. Share some stories from my personal experience, and lessons from my parents on this very point. And end with, it brings me enjoyment and makes me happy in some silly way.

If not receptive I will just say, it brings me enjoyment and makes me happy in some silly way, smile and move on.
 
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Never EVER tell anyone that number. Not even your wife.
The best way to do that is to not to know. If you asked me how many watches I own, I couldn't tell you. I lost count a couple of years ago.

But they just keep finding me.
gatorcpa
 
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'because I can' is about as close to an expression of the 'why' as I can conjure.

I get a lot of satisfaction when I look at the watches I wear. It's a little thing, but when I glance down at my wrist, at least 6 times out of 10, it's more to look at the watch than it is to check the time.

The satisfaction comes from a few things.

It's very nice to know that I spent a few thousand dollars on a watch and I didn't have to give up something to get it. It's a little self congratulations maybe that I'm doing ok.

It's rewarding to appreciate something that is well designed, beautiful, effective, serves it's purpose and looks good doing so. It's a moment out of the day where, for a second, I can just appreciate something that's not all caught up in real life. A 'smell the roses' moment if you will.

It's like a little secret I have with myself. People see my watch I'm sure, but how many of them know it's a Chuck Maddox Holy Grail, or a 751 chronometer in a semaster instead of a constellation, or whatever. When I look at a watch I'm wearing, I think about the fact that it represents time I've invested in something I really enjoy and wearing a nice piece is the reward for having invested enough to know what I like and why.

Like any sort of luxury, it's hard to justify objectively because it's purely subjective.

There is a difference between buying something because you can and having the money to buy something. 馃榾
 
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I don't buy/wear watches to wow the average person. I do it for fellow connoisseur admiration. If I see a cool vintage watch on someone's arm, I give him a thumbs up. They appreciate it........and so do I.
I live to look at my wrist to see history and craftsmanship. Some even give me goosebumps.
So many watches pictured in this forum leaves me drooling for more.
 
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There is no need to justify your choice, or to try to convert someone.

Funny how I've never really been asked that question....do people think that you shouldn't be spending, or can't afford?
Do Ferrari owners get asked why they would spend so much on a car?

I never really answer... Because there is no rational Justification. You can try to argue all you want about the practical merits, but as was stated already by @Modest_Proposal , there is no true argument there... you can argue 'resale value' and engineering as much as you like, but the fact is that it is an emotional object, and emotion transcends practical thought...

Think about what money really means to you when something of great emotional value is at stake...

You don't owe anyone an explanation...

If asked 'How much?'...
I say , "Don't ask.."

I fully recognize that the price cannot be fully justified by any amount of rationalization, I am just grateful to have another thing about which I can express passion...

So many people live lives completely void of passion... think about how much people would pay to find passion...(for anything)

I treat Depression every day...one of the hallmark symptoms is 'Anhedonia', a loss of interest for something in which you were previously passionate...so one of the markers of success in treatment is a resumed interest in that passion...

When I ask a patient what his passion is/was....so often there is no response...

So what then is the issue? Clinical depression, or lack of passion to begin with?

Never feel guilty about following a passion, no matter how insignificant, or trivial it seems to others...

Ok, I realize that this is so much more of an answer than the tone of the forum would dictate...but sometimes this forum is my own form of therapy...


the short form response advice is ... just say "it's my Passion".. try to find someone who could argue with that...
 
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The best way to do that is to not to know. If you asked me how many watches I own, I couldn't tell you. I lost count a couple of years ago.

But they just keep finding me.
gatorcpa

Plausible deniability. It worked for Reagan. 馃榿
 
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My response is....It puts a smile on my face and makes me happy wearing this watch, That makes it worth the money for me.

My dad says I am mad to spend money on watches, he only buys Churches shoes which cost 5-6 hundred quid a pair and nearly all of them are the same model, but thats something he sees as worth the money.
courses for horses I supose.
 
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Never EVER tell anyone that number. Not even your wife.

Not a problem for me at the moment. But I'll tell you what, those college girls I go on dates with love Omegas [emoji1][emoji23]

Edit: I just realized that sounded creepy, haha. I am actually in college. [emoji23]
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