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ChetBaker · 15 October 2024, 04:41 AM

I agree. And I enjoy reading this thread. Despite the market downturn high-end watches still constitute a store of value so value retention and future collectibility is a valid consideration.

FrançoisCzapek · 18 October 2024, 01:06 AM

I'll add that the forum trolls who keep harping about how watches are not an investment miss the point that many aspiring, newer collectors are not wondering about resale value. They are thinking about a good entry point.

In the context of this thread, perhaps someone might opt for a steel Nautilus that they think the market has temporarily underpriced. They would want to understand if this is possible, or if certain models really are less desirable and it has been proven over several years.

HMHM · 18 October 2024, 01:21 AM

The truth is that watches can be worth X amount more than what someone paid for, especially at MSRP. There is no denying that is a fact. BUT!! The path to get to that point is incredibly expensive, that by the time you do the maths, it is no longer THAT profitable anymore. Hence the common saying that buy what you like to wear, and the monetary gains will be the additional bonus.

Take the LM Daytona 126529 for example. The spend history to get that watch from the AD is insanely high, and most ADs get only 1, at max 2. Some do not even get them at all
So this piece tends to go to really important customers that the AD cant lose. If you add up all their purchases, including the less sought after pieces, the profit margin is no longer as "attractive" that people make it seem to be.

The same applies for the Nautilus. Reasonably, no one is getting a steel Nautilus as a first piece, unless you are someone of importance to the society like a Prime Minister etc. By the time you qualify for one, you are at best breaking even. From grey market it's even worse! The figures speak for themselves.Just look where prices are today compared to 2022. So your idea about entry point for newer collector is a simple question - how much losses is one willing to take in an uncertain market if they plan to buy from greys? If they are fine with losing money from the very beginning, this conversation is moot.

FrançoisCzapek · 18 October 2024, 02:15 AM

This presumes that every newer collector is looking for a Nautilus or Daytona.

An odd assumption.

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15 October 2024, 04:41 AM	#1
ChetBaker "TRF" Member Join Date: Oct 2019 Location: Europe Posts: 733	I agree. And I enjoy reading this thread. Despite the market downturn high-end watches still constitute a store of value so value retention and future collectibility is a valid consideration.

18 October 2024, 01:06 AM	#2
FrançoisCzapek "TRF" Member Join Date: Aug 2022 Location: Singapore Watch: Classic Pateks Posts: 264	I'll add that the forum trolls who keep harping about how watches are not an investment miss the point that many aspiring, newer collectors are not wondering about resale value. They are thinking about a good entry point. In the context of this thread, perhaps someone might opt for a steel Nautilus that they think the market has temporarily underpriced. They would want to understand if this is possible, or if certain models really are less desirable and it has been proven over several years.

18 October 2024, 01:21 AM	#3
HMHM "TRF" Member Join Date: Oct 2019 Real Name: HM Location: 🇲🇾 Posts: 2,474	The truth is that watches can be worth X amount more than what someone paid for, especially at MSRP. There is no denying that is a fact. BUT!! The path to get to that point is incredibly expensive, that by the time you do the maths, it is no longer THAT profitable anymore. Hence the common saying that buy what you like to wear, and the monetary gains will be the additional bonus. Take the LM Daytona 126529 for example. The spend history to get that watch from the AD is insanely high, and most ADs get only 1, at max 2. Some do not even get them at all So this piece tends to go to really important customers that the AD cant lose. If you add up all their purchases, including the less sought after pieces, the profit margin is no longer as "attractive" that people make it seem to be. The same applies for the Nautilus. Reasonably, no one is getting a steel Nautilus as a first piece, unless you are someone of importance to the society like a Prime Minister etc. By the time you qualify for one, you are at best breaking even. From grey market it's even worse! The figures speak for themselves.Just look where prices are today compared to 2022. So your idea about entry point for newer collector is a simple question - how much losses is one willing to take in an uncertain market if they plan to buy from greys? If they are fine with losing money from the very beginning, this conversation is moot.

18 October 2024, 02:15 AM	#4
FrançoisCzapek "TRF" Member Join Date: Aug 2022 Location: Singapore Watch: Classic Pateks Posts: 264	This presumes that every newer collector is looking for a Nautilus or Daytona. An odd assumption.

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