Fun Poll - How Much Would You Spend On A Watch?

[UncleLim]

MMM:

UncleLim:

I continue to be amazed at the amount of money some of you are willing to spend on something that tells the time (and maybe look pretty on your wrist). Do we not have enough time telling devices on our phones, in our cars, on our computer screens ? Some say they are investments... anyone made a killing selling their watches?


Please educate me.

Having a expensive watch is not about telling time. It's also about self esteem, feeling good, etc... so it definitely goes beyond telling time. In addition, it can also be an addiction once your collection start :moneyflies:

I sort of hold the same view as the previous forumner's posting. I would rather buy a watch than a 1 carat diamond ring. The reason is that the value for a watch holds while a 1 carat diamond don't.

I don't really think anyone will make a killing on their watches unless it's a much sought after limited edition. But for certain brands, the value does retain. Eg. a 20 years rolex may still be able to fetch $2-3K. So far observed that Patek Philippe and rolex value holds better. The others tend to have a higher erosion when it comes to resale market.

But for those addicted ones, it's about upgrading to a better watch along the way. Someone I met told me that she would buy a new rolex, wear for 2 years, sell away and then she would upgrade to the next model. So she is always constantly wearing new watches.

Thank you, MMM. So watches are more about self-esteem than telling time... ok, it must be the pragmatic engineer in me that fail to get it. I guess the watch industry must be doing one heck of a marketing job for these watches to be so popular despite the availability of Casio and other cheap digital alternatives which are more accurate, require no servicing and even function as alarms, calculators, stop watches etc.

[sleepy]

Don’t even own a watch. I refer to my handphone

[MummyThreeStreams]

UncleLim:

Thank you, MMM. So watches are more about self-esteem than telling time... ok, it must be the pragmatic engineer in me that fail to get it. I guess the watch industry must be doing one heck of a marketing job for these watches to be so popular despite the availability of Casio and other cheap digital alternatives which are more accurate, require no servicing and even function as alarms, calculators, stop watches etc.

I don't know much about about watches but aren't some of the high-end ones wonders of precision engineering? Is that partly why they cost so much?

[kiasu-but-generous]

Talk about watch, I am still using a watch given my my ex-girlfriend around 8 years ago.


Note: my ex-girlfriend is my wife now..

[rosemummy]

UncleLim:

I continue to be amazed at the amount of money some of you are willing to spend on something that tells the time (and maybe look pretty on your wrist). Do we not have enough time telling devices on our phones, in our cars, on our computer screens ? Some say they are investments... anyone made a killing selling their watches?


Please educate me.

You may not make a killing but it can be a decent investment.

20 years ago, my FIL inherited a Rolex watch from his father. The watch was at least 30 years old and had been well used. He managed to sell it for around $5k. I'm not sure about the original cost but it should be no more than $500. So you're looking at a 10 times return after 30 years, which is not bad at all, considering that you get to use it. But if the money had been used to buy a house, the return would have been around 50 times.

[1amber]

Upon reflection I realise I buy expensive (in my eyes lah) watches whenever I sell my house. And that’s only twice. And once upon a time I had many many swatches and pasar malam antic-looking pieces.

[eurostar]

if for expenisve watch I will only go for Rolex

but now got kid to feed to cutting down on luxury stuff but bzi doing online spreeing for him lolx

[tankee]

I had just spent aboutt $40 plus on my < $100 and > 5 yrs old casio watch.


don't make much $en$e right :oops:

[eurostar]

tankee:

I had just spent aboutt $40 plus on my < $100 and > 5 yrs old casio watch.


don't make much $en$e right :oops:

value for $$$$ mah

[jimmyb]

I am not really that much of a watch person and just uses them on the regular. I would say that I would be willing to spend a good 1500 on a watch if it has a good set of specifications. My last purchase was an Issey Miyake vue about 600 and it was worth it I guess.


Though I was lucky before to get some items from the Chronotech sale for just below 200. Those times would be a good chance to get a couple and just save them for later use.