Interesting read - Watch Freeks


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Old 03-22-2019, 02:20 AM   #1 (permalink)
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Default Interesting read

https://www.nytimes.com/2019/03/20/s...e-watches.html
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Old 03-22-2019, 03:50 AM   #2 (permalink)
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More evidence to debunk the myth about the demise of conventional watches due to the rise in popularity of smart watches.
The investment case is also applicable for a number of non high-end older and vintage watches, although I'm not advocating buying these watches as an investment
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Old 03-22-2019, 07:09 AM   #3 (permalink)
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Reflex:
My youngest daughter is a VP with a Temporary Doctor hiring service. Her section
provides Doctors to facilities who need a doctor (or doctors) on a temporary basis.
She's had 3 different Smart Watches and none could "tote the gear" so to speak.
She is far from being tough on watches. Her 2 Tag Heuer Formula Ones outlasted each
of the 3 Smart watches.
I wonder how many Smart Watch buyers have had bad experiences with their Smart
Watches? I returned a Smart Watch because I simply couldn't get it to "pair up" with
my phone. You'd think if I could operate a 116 car coal train with 4 locomotives I'd be
capable of pairing a watch to a cell phone?

Lou Snutt
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Old 03-22-2019, 07:21 AM   #4 (permalink)
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The trouble I have with this, is that it is based on hindsight. Like with paintings. Vincent van Gogh traded some of his paintings for a meal and a glass of wine, those paintings are now worth millions. Will the 2019 Rolex Submariner become the 2050 highly sought after vintage classic? No one knows. What we do know is that a 1960 Big Crown in prime condition has increased in value from $125 to $60K or so. Yes, that is an investment but only if you bought the watch against its original price. I doubt if it will double in value in a few years from now. If I had oodles of cash I would by them, have them restored and wear them. Not for the investment but for pleasure.
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Old 03-22-2019, 11:25 AM   #5 (permalink)
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Great article DubyaDubya ! ..Really great !!!

It's funny, never really think of the hobby in this way. Really is amazing.
Have to admit have always been in the "just want to buy whatever looks
cool and leave it at that" mode. Probably always will be, but it's
insanely fun to read about all of this that is for sure.

Thanks very much !!!
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Old 03-22-2019, 01:37 PM   #6 (permalink)
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Quote:
Originally Posted by arogle1stus View Post
Reflex:
My youngest daughter is a VP with a Temporary Doctor hiring service. Her section
provides Doctors to facilities who need a doctor (or doctors) on a temporary basis.
She's had 3 different Smart Watches and none could "tote the gear" so to speak.
She is far from being tough on watches. Her 2 Tag Heuer Formula Ones outlasted each
of the 3 Smart watches.
I wonder how many Smart Watch buyers have had bad experiences with their Smart
Watches? I returned a Smart Watch because I simply couldn't get it to "pair up" with
my phone. You'd think if I could operate a 116 car coal train with 4 locomotives I'd be
capable of pairing a watch to a cell phone?

Lou Snutt

As a trucker, I am hard on ... well, everything lol. I had 3 different smartwatches and killed all 3 due to let's just say on the job accidents lol. 2 of them had a glass rack (a steel and aluminum A frame) fall on my arm and smash the watches. The last one was just crap so I "forgot it" on my trailer and it fell off. Since then I went back to "normal" watches and well look at my collection now lol. I am much happier with what I now wear than I ever was with the smartwatches.
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Old 03-22-2019, 02:29 PM   #7 (permalink)
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Quote:
Originally Posted by GoodWatch View Post
The trouble I have with this, is that it is based on hindsight. Like with paintings. Vincent van Gogh traded some of his paintings for a meal and a glass of wine, those paintings are now worth millions. Will the 2019 Rolex Submariner become the 2050 highly sought after vintage classic? No one knows. What we do know is that a 1960 Big Crown in prime condition has increased in value from $125 to $60K or so. Yes, that is an investment but only if you bought the watch against its original price. I doubt if it will double in value in a few years from now. If I had oodles of cash I would by them, have them restored and wear them. Not for the investment but for pleasure.
We all know what sort of science hindsight is. If we had the benefit of that we'd be okay. I don't believe that many, if any, purchased Rolex & Tudor subs, a Fifty Fathoms or any of the other classics in the 50's and 60's with the idea of selling them off in 50 years for a fat profit. That's just the way things panned out and no reason at the present time why it won't continue into the future.

Average level Seiko divers and chronographs from the 70's and 80's purchased around 10 years ago will earn a seller a 200%+ return quite easily. And there appears to be no end to the demand and subsequent rising prices of these watches even if purchased today
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