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View Poll Results: What percentage of your total assets is your watch collection worth today? | |||
1%-10% |
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88 | 67.18% |
11%-20% |
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16 | 12.21% |
21%-30% |
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9 | 6.87% |
31%-40% |
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3 | 2.29% |
41%-50% |
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3 | 2.29% |
51%-60% |
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3 | 2.29% |
61%-70% |
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1 | 0.76% |
71%-80% |
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1 | 0.76% |
81%-90% |
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1 | 0.76% |
91%-100% |
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6 | 4.58% |
Voters: 131. You may not vote on this poll |
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#1 |
"TRF" Member
Join Date: Mar 2018
Location: Geneva
Posts: 132
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Watches and your Assets
Taking into account the current resale value of your watch collection, how much is your watch collection worth as a percentage of your total asset holdings?
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#2 |
"TRF" Member
Join Date: Jun 2018
Location: Space
Posts: 211
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Enjoy your stuff. Watches are for wearing. Stocks are for investing
Sent from my SM-G955F using Tapatalk |
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#3 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Mar 2013
Location: usa
Posts: 19,374
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Interesting - I’d try to aim for less than 10% and you may think you have a 10 spot but it’s really a 4 spot....
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#4 |
"TRF" Member
Join Date: Dec 2011
Real Name: William
Location: New York
Watch: Journe, AP & Lange
Posts: 868
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If anyone has over 2.5% of their net worth in watches they have a serious problem.
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#5 |
"TRF" Member
Join Date: Mar 2018
Location: Geneva
Posts: 132
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I do enjoy them! With all the time spent on this passion however, it is reassuring to know that there is some monetary value behind the pieces I collect should I decide to let go/swap a watch, that not all the money goes down the drain.
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#6 |
2024 Pledge Member
Join Date: Jan 2013
Location: USA
Posts: 6,218
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#7 |
"TRF" Member
Join Date: Dec 2011
Real Name: William
Location: New York
Watch: Journe, AP & Lange
Posts: 868
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#8 |
"TRF" Member
Join Date: Nov 2017
Location: VA
Watch: GMT Master 16750
Posts: 1,373
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Seconded. Watches are like cars: they almost all depreciate apart from a rare few, and very few know or guess correctly as to what these are. I find this question troubling. The underlying premise speaks so much to what's wrong with watch collecting today.
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#9 |
"TRF" Member
Join Date: Feb 2015
Posts: 453
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Like 2% personally which is too high in my opinion
Sent from my iPhone using Tapatalk |
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#10 |
2024 Pledge Member
Join Date: Oct 2009
Location: Socal
Posts: 4,910
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I don't know. I would say not high enough for me to care. :)
This is a hobby, I keep it small enough not to affect any of my actual financial obligation. To think of it, I think the money is about the same as the 3 cars that I own for my household.
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135 ├┼┼╕ 246 R |
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#11 |
"TRF" Member
Join Date: Feb 2018
Location: SG
Posts: 391
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Useless poll. Options should have been 1, 2, 3, ...., 10, 10+%
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#12 |
"TRF" Member
Join Date: Jan 2017
Location: Earth
Posts: 2,443
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An age breakout would've been interesting.
A 25 year old with just a speedy pro can easily exceed 5% of their total assets.
__________________
Blancpain | Chopard LUC | Grand Seiko/King Seiko | Grönefeld | Laurent Ferrier | Moritz Grossmann | Omega | Trilobe | Urban Jürgensen instagram.com/ct_watch_guy |
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#13 |
"TRF" Member
Join Date: Jan 2017
Location: Earth
Posts: 2,443
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Also, I think net worth would be a better indicator than total assets. Someone with a $500k house and no debt is in great financial shape. Someone with a $1m house with a 80% LTV and student loan debt... should probably not be spending as much on luxury watches.
__________________
Blancpain | Chopard LUC | Grand Seiko/King Seiko | Grönefeld | Laurent Ferrier | Moritz Grossmann | Omega | Trilobe | Urban Jürgensen instagram.com/ct_watch_guy |
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#14 |
"TRF" Member
Join Date: Apr 2011
Location: canada
Watch: me post!
Posts: 3,804
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Wow this could be a very interesting thread as I think people tolerance for risk and value on how they prioritize things across the board will differ.
Not sure you’re actually gonna be able to pull any type of metric like data as I would think most people would not share this kind of personal info on a random board and if they did would this be considered bragging?? Sent from my iPhone using Tapatalk |
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#15 |
"TRF" Member
Join Date: Dec 2008
Location: FL
Posts: 667
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#16 |
2024 Pledge Member
Join Date: Jul 2010
Real Name: @jb.watching
Location: NYC
Posts: 1,483
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Let me ask this question which is somewhat related.
How many people here feel like they have a better understanding and feel for the used / grey / vintage watch market than the stock market? Are you more confident of estimating the market price of your [insert appropriate watch here; for example “late 1990’s unpolished Rolex GMT 16710 full set box and papers”] or shares of Apple in two, five or ten years from now? If it’s the case that many are more confident with the future value predictions related to watches over shares, and I believe that to be the case for lots of people here, then why would it be unreasonable to think that some portion of the population here may look at some part of their watch collection as an illiquid portion of a larger investment portfolio. What’s also interesting to me is that we hear “watches are not investments” all the time, and as a general comment (public service announcement) that’s OK. But it’s not true in the absolute. In addition we seem to have no problem accepting “traders” amongst us, but those that may be “investors” seem to be ridiculed some times. Sent from my iPhone using Tapatalk |
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#17 | |
2024 Pledge Member
Join Date: Jan 2013
Location: USA
Posts: 6,218
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Quote:
Agreed, I think 2.5% is too low. I also think that coming up w a % is totally arbitrary and too many variables involved. Sent from my iPhone using Tapatalk Pro |
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#18 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Sep 2008
Location: New Mexico
Watch: Tudor BB36
Posts: 34,418
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__________________
JJ Inaugural TRF $50 Watch Challenge Winner |
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#19 |
"TRF" Member
Join Date: Jan 2013
Location: San Francisco
Posts: 17
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100% bruh
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#20 | |
"TRF" Member
Join Date: Dec 2007
Real Name: Capt Swerve
Location: North Carolina
Watch: less TV
Posts: 2,224
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Quote:
Buy watches with $ you get from dividends and enjoy them. And to answer your questions: I have no idea what the stock or watch market will do ;-) Can care less, because I spend cold hard cash on everything other than electricity and internet.
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Collector and buyer of Lange, VC, Patek | 2 FA Enabled |
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#21 | |
"TRF" Member
Join Date: Dec 2011
Real Name: William
Location: New York
Watch: Journe, AP & Lange
Posts: 868
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Quote:
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#22 | |
"TRF" Member
Join Date: Jun 2009
Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
Posts: 17,892
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Quote:
Then please explain why this is relevant. ![]()
__________________
Omega Seamaster SMP300m, Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock |
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#23 |
2024 Pledge Member
Join Date: Jan 2013
Location: USA
Posts: 6,218
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#24 | |
"TRF" Member
Join Date: Mar 2018
Location: Geneva
Posts: 132
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Quote:
It's interesting to see how the results are developing so far. I made this poll to see how much people are financially willing to spend in this hobby/passion. I wouldn't judge those who put a lot of their money in watch collecting. I live in the capital of watchmaking, and if you think some people are crazy about putting a lot of money in watches, imagine all the professionals in Switzerland and other places who dedicate their careers to this industry! There is more to watch collecting than the hot pieces that you normally see on here like a 5711, or a Daytona. Some serious collectors put serious money in this passion. Having a sense of the reasonable resale price of one's watches allows that person to plan the collection well and see if they can sell some of their pieces in exchange for another. Maybe to some of us this is just a hobby, but try and visit Switzerland, not just your AD or your grey dealer. You'll see maybe the intense passion for watchmaking by many people here and how spending that much of one's personal wealth on bits and pieces of tiny moving gears can be justified. |
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#25 |
"TRF" Member
Join Date: Dec 2007
Real Name: Capt Swerve
Location: North Carolina
Watch: less TV
Posts: 2,224
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OP, loved your poll and participated.
In general, behavior economics, marketing, neuroscience, and related disciplines are of interest to me. Throughout the years, I've observed members of this forum, my friends, and, of course, myself in terms of watch collecting and the evolution of opinions. It is quite interesting! Will chip in some info about myself. When I was much younger, my collection of a single Panerai was probably probably close to my 100% total net worth, as despite savings I still had tens of thousands in student loans. Naturally, the Panerai was a purchase of the heart. Loved the brand in its infancy! As I got older, my watches changed and the collection consisted of "true" value keepers—mostly Rolex and Omega—that I could sell easily. The watches represented a sizeable fraction of my net worth. Now, my watches represent a tiny fraction. I have just sold off my last "safety" pieces that I never really cared to wear. Will end up with two watches, both bought from ADs, that I will not likely to sell. Both purchased by the guidance of my heart. Re-sell and brand status are not in the picture. Curious what others will contribute!
__________________
Collector and buyer of Lange, VC, Patek | 2 FA Enabled |
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#26 |
2024 Pledge Member
Join Date: Aug 2013
Location: Itinerant
Watch: 79010sg
Posts: 8,283
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~1% of my net worth. And if I invested much more heavily in vintage pieces much earlier and more heavily than I did, I’d be a wealthier guy.
Sent from my iPhone using Tapatalk |
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#27 |
"TRF" Member
Join Date: Jun 2017
Location: Los Angeles
Watch: 3970
Posts: 3,843
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I think in some cases, putting your money in stainless steel rolex and Pateks is similar to putting it in gold or commodities; you don't expect to make a bundle but you don't expect significant degradation if you bought in at reasonable prices. 10-20% is about right if you're a serious watch collector imho.
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#28 |
2024 Pledge Member
Join Date: Feb 2010
Real Name: Neil
Location: UK
Watch: ing ships roll in
Posts: 59,357
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Depends on how many watches you have, if you have 1 or 2 SS Rolexes then it better be a tiny percentage, but if you have a few SS PPs then you can relax that a fair bit as they are now very stable/lucrative assets for lack of better word.
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#29 |
"TRF" Member
Join Date: Jan 2011
Real Name: gus
Location: East Coast
Watch: APK & sometimes Y
Posts: 26,265
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Being of a certain age with no children affords the absence of college tuition for a child..
Those funds have been allocated to watches.
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#30 |
"TRF" Member
Join Date: Dec 2016
Location: Marikina
Posts: 2,561
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Per chrono24’s watch collection feature, value of my stash is more or less at my acquisition cost.
I actually dont know my total assets or actual net worth since my wife handles our conjugal stuff. So i only used as base my individual net worth that i personally handle. On that basis, my watches equivalent to about 15%. |
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