Value development in long terms

JwRosenthal

The most perfect watch ever made, so they tell me- I wouldn’t say that but I hear people say that it is perfect, made of some super metal that’s impenetrable by space lasers or bad hombres- no, they can’t hurt that glorious watch. I would rather be wearing that watch that eaten by a shark- cause I don’t want to get anywhere near that shark or an electric car, coal power watches- but beautiful clean coal, you know they wash the coal with Dawn dish soap to get it clean, then they put it in the watch and it runs forever, don’t need a battery- just gleaming squeaky clean coal in the watch….

Bernhard J

Me too. But you can still occasionally think about the sense and nonsense of a hobby, especially when you get to an advanced age.

One might consider the follwing comparison. If someone is a gourmet and regularly dines in Michelin-starred restaurants, then the substantial money "invested" is 100% gone, garanteed. So, it is a good thing that I personally am not a gourmet, but a watch/clock lover ...😁

Bernhard J

dines in Michelin-starred restaurants, then the substantial money "invested" is 100% gone, garanteed.

YY77

Holidays would fall in the same category but the memories are priceless, so if I had to spend money on watch or a holiday, the latter would be my choice.

Archer

I have a friend (accountant) who puts things in "enjoyment units per dollar" and that's how he thinks of watches. For me, I just buy what I like, and if I get anything for it or not when the time comes to sell, is irrelevant as I've enjoyed it while I've owned it.

DoctorEvil

What I find interesting is that in the last 10 years or so, the whole "watches as investments" thing has really boomed. Driven by the insane prices that some models reached on the secondary market. I've also noticed that people seem to be a lot more accepting of certain things depreciating in value such as motor cars but not their watches. Retained value now seems to be a major factor in people's calculations about whether to pull the trigger on a watch. Perhaps it's how we can justify these purchases to ourselves. One actually needs a motor vehicle. A watch these days is really just a luxury.

Archer

Indeed - before this recent crazy time, being known as a "flipper" was just someone who went through a lot of watches, trying to find what they liked. It was something that cost you serious money, because pretty much every watch (yes Rolex included) lost value as soon as you left the store with it. So every watch you flipped, you lost money on. People always felt lucky to break even, and thinking of a watch as a "investment" was something most felt was pure nonsense.

DoctorEvil

Perhaps it's how we can justify these purchases to ourselves.