[x26]

Originally Posted by mpimping

i would just use my cell phone until a $10,000 watch is like nothing... and asian chicks are big time golddiggers, a cellphone and no watch is better trust me...

But, They "Love you long Time"...

[Ryan335]

Originally Posted by ///Matt

The argument of 'why have anything nice' doesn't quite fit for me, here.

My point is that a $20 watch will do basically everything a $1000 watch will do except for impress people. I'm looking at it from a "function over form" standpoint.

We get a BMW because it is a better functioning vehicle than most others... better handling, braking, etc.... And to US, it's usually better looking, but the fact is that we are going for the performance, not neccessarily the impressiveness.

I can tell you will never understand why people like nice watches.... my advice for you is to accept that people enjoy fine watches and feel as though they are worth the money.

[Voltigeur]

Originally Posted by nyczyang27

If you can shell out 1 more grand, you can look into the lower-end Omega watches ($2,000-$2,500) which are really nice.

I have an Omega PO. Personally I think they are more butch than the equivalent Rolexes. Also more rare: as soon as someone at my firm can afford a higher end watch they're out buying a Rolex (everyone 'recognizes' the Rolex as expensive - so it's a 'I spent $$$ statement' - most of these guys don't know much about watches, they just saw Rolex in some ad or on the wrist of someone they know).

I'd also spend a bit more & consider a PAM, Sinn (dive), Anonimo or U-boat. Something different. And then only a horologie geek tends to notice these.

[Voltigeur]

Originally Posted by L8Apex

Sinn U1 around $1200. Best watch I ever owned! Very limited. If you can find one get it.

These are GREAT and very underrated except by people who are 'into' horologie. Same goes for PAMs... but sorry, definitely have got well ahead of $1K :

[miopyk]

Originally Posted by Jaws

What would $800 invested in 1964 be worth now? Assuming 4% annual interest it's $4300.

My rolex is 20 years old and today its worth twice what I paid for it new. Three things occur to me.

First I have had the pleasure of owning/using one of the finest time pieces available.

Second, I've made money while doing the above. I doesn't matter how much because I got to use it for 20 years and it's made me money.

Third, I still get to wear it everyday and everyday it'll continue to appreciate.

How many other mechanical devices can you say that about?

Miopyk

[Voltigeur]

Originally Posted by miopyk

My rolex is 20 years old and today its worth twice what I paid for it new. Three things occur to me.

First I have had the pleasure of owning/using one of the finest time pieces available.

Second, I've made money while doing the above. I doesn't matter how much because I got to use it for 20 years and it's made me money.

How many other mechanical devices can you say that about?

Miopyk

It's cool that you have enjoyed your Rolex. And yes, some of them do become more valuable in real terms. But it's hard to get an appreciating asset in a watch:

(1) to take your quote of 2x in 20 years, well, 20 years at 4%, a $ becomes a bit over $2, ie 2x. In real terms the watch has not appreciated.

(2) to maintain the Rolex's value you also spend need to spend money on maintenance (= cashflow < 0 ), so even if you maintain nominal value your real net is < 0

The WSJ had a good article about watches as investments - some definitely pay off (like a PAM 6152, or the 6154 below) but it's more rare than one thinks.



Still, the satisfaction you have obtained from such a fine watch - and it did not lose money in real terms, well, that's an investment, eh!

[Voltigeur]

BMW club drive + 187:

[FotiosF90M5]

anyone know how much the carrera (tag huer) costs on average?

[Ru$$ell]

^depends on where you buying it from,but they usually start around $2500

[FotiosF90M5]

goddamn, I'll stick with my movado for now.

[Drive_right]

Tag Heuer F1, fits great, light weight, and is just under your budget.


Comes in a few different colors also.

If you want a little bit more fancy watch get the link series. I paid a little under 2000.


Dont really have to worry about this watch compared to a Rolex.

[miopyk]

Originally Posted by Voltigeur

It's cool that you have enjoyed your Rolex. And yes, some of them do become more valuable in real terms. But it's hard to get an appreciating asset in a watch:

(1) to take your quote of 2x in 20 years, well, 20 years at 4%, a $ becomes a bit over $2, ie 2x. In real terms the watch has not appreciated.

(2) to maintain the Rolex's value you also spend need to spend money on maintenance (= cashflow < 0 ), so even if you maintain nominal value your real net is < 0

The WSJ had a good article about watches as investments - some definitely pay off (like a PAM 6152, or the 6154 below) but it's more rare than one thinks.



Still, the satisfaction you have obtained from such a fine watch - and it did not lose money in real terms, well, that's an investment, eh!

Your right of course but for one thing. I wasn't looking for an investment I was looking for a new watch.

In most cases a watch is like a toaster it performs a function and you buy the one that meets your needs and spend the money accordingly. Having got through several circa £200 watches due to damage over the preceding 2-3 years I found myself needing another one and decided I wanted something that was tough and would last a long time. So I bought the Rolex because it met my needs at the time. The difference was that I never thought for one moment that it would appreciate in value.

If at the time I was looking to invest the money then I wouldn't have bought a watch I would have bought stocks or gold or something. The trick here is the increased value was an unexpected bonus to buying a functional mechanical object which in most cases would result in an immediate and continuing loss of value and I've had 20 years service from it.

In my opinion the best investments are those that not only appreciate but have also given you service and enjoyment and if they're unplanned that is even more satisfying.

Miopyk

[epbrown]

Originally Posted by ///Matt

The argument of 'why have anything nice' doesn't quite fit for me, here.

My point is that a $20 watch will do basically everything a $1000 watch will do except for impress people. I'm looking at it from a "function over form" standpoint.

We get a BMW because it is a better functioning vehicle than most others... better handling, braking, etc.... And to US, it's usually better looking, but the fact is that we are going for the performance, not neccessarily the impressiveness.

If someone asked you what makes a BMW 3-series superior to a Yugo, you could explain it. Now what if that person said "Big deal - the Yugo will still get you there?" You'd realize that to this person, what makes a good car isn't important.

What your post above really shows, Matt, is that you don't know much about watches - the different movements, crystals, complications, construction methods, histories and certifications. You want to look at your wrist and see what time it is and, like the hypothetical Yugo buyer, you don't much care about the quality of the components achieving the result.

Which is okay. But to judge function over form, as you claim to above, you have to understand what makes a good watch, and there's more to that than "it tells time." That's like the hypthetical Yugo owner claiming the Yugo performs the same as the BMW because both start, stop, and go.

Hopefully, you're smart enough to realize that you don't know enough about watches to understand why some are worth more than others, even if you're not interested enough to learn what those differences are.