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Discussion in 'Apple Watch' started by elgrecomac, Mar 12, 2015.
1 oz of gold $200 of tech does not equat $10,000
Well then don't buy it.
No he didn't get it right at all.
It's all subjective but I'll go with the TechCrunch article. There's no craft in the gold Apple Watch, and moreover, it's a gold alloy so it'll be worth less than TC stated once it's purified.
Ultimately, there is no sense in buying this as a collectors piece. It'll probably end up on eBay in 10 years with some outrageous price that it'll never make.
If you want a luxury watch, buy a hand crafted time piece. If you want a piece of silicon on your wrist that needs constant charging and does pointless stuff. Buy an Apple Watch.
Here is thing, what other option do you have for purchasing smart luxury watch, not dumb luxury watch, if $10,000 is pocket change for you?
As good as Rolex is as collectable item and maybe better financial investment, it is dumb, in turn of functionality in 21+ century technology standard. Until someone else come up with luxury smart watch, truly compatible with iPhone (which probably will never happen), since iPhone is still standard of luxury smart phone, AW Edition will sell well for anyone consider $10,000 is pocket change. People has toy money to spend think of what else to spend, not is it worth to spend.
Added: It is all about rarity, any equivalent option available or not, not necessary actual material value.
I don't know why so much energy is wasted debating the value of the gold Apple Watch.
This topic is irrelevant to most of us, because we are not in the market for such a watch. To us, it is absolutely not worth it. Which should surprise no one.
As for watch collectors, the majority of them are not ready to consider a smartwatch a "collectible". Therefore the gold Apple Watch will not be worth it to most of them either.
But there is a very small group of wealthy Apple fans who are willing to plunk down for a gold Apple Watch, be it for bragging rights, or pure enjoyment, or just because they are the type of people who can afford to use Dom Perignon as mouthwash.
Apple made just enough of these to appeal to that limited crowd, to make a nice profit from these sales, and most importantly, to cast a halo over the whole Watch product line. Having a gold Apple Watch helped establish the Apple Watch as a legit high-end timepiece, much like the Hermes deal and other ways that Apple has approached this which is different from Samsung, LG, etc.
Based on below, Apple sells 1,875 Edition with average price of $13,700, which equal sales of $25,687,500. That is 25Million per quarter. Even 3 following quarter only sells 50% of 1st quarter, it is still $64Million dollars per year.
This does NOT included all the bands, which if you pay $13,700 for a smart watch, spending at least $2-3K for bands probably is nothing for you. I guess $64Million dollar business is not enough size of business for you to be considered as significant?
The apple watch has zero collectible value and it never will. As someone pointed out...."There is no craft" in the 17K Apple watch, and therefore no appeal to serious watch collectors or owners.
It will be obsolete in a few months as well which is a bigger reason a 17K Apple watch is pointless. Also, lets not call it smart. There is really nothing smart about it.. its remote display for your phone. And a pretty limited one at that.
By that I assume you mean March when v2 is rumored to debut. That's like saying your current iPhone 6s will become obsolete when the iPhone 7 is released. In reality, iDevices become obsolete when Apple stops supporting them or you're unable to use them with the latest hardware, but yes, any models of AW will become obsolete quicker relative to a dumbwatch.
I say that if a Watch Edition is left new in box, its value will only rise. As 1. it is a 1st gen 2. It is gold 3. It is new in box. Take 1st gen iPhones for example, they will sell for $600 new in box, just because they are 1st gen. Gold prices fluctuate over the years, so it may hit a high price at some point.
I am guessing you did not buy the 1st gen Mac, or 1st PC.
They have no craft by today's standards also, but their value now is different story.
Owning a piece of history does not require valuable material, just rarity, rarity, and more rarity.
In the eye of next gen kid, who adore technology more than material of what thing are make of, a dumb watch, will still be a dumb watch or just a very expensive but dumb watch.
Like Jasie02 said, it's depend on rarity .
Example Hermes Berkin or Kelly the most wanted bag for woman , their got value because the rarity .
Patek Phillipe also sell the minute repeater only a few people.That's the story make material got more value.
So it's not about obsolete or technology or weight of gold, If Apple stop produce the edition then many people will start to find it.
Don't forget that mechanic watch can't add more function but Smart Watch do.
After Apple Watch Edition discontinue Apple could add more Watch Face that noticeable that is The edition .
That's same marketing pace as mechanic watch do.
But who know.
by the way I disagree techcrunch because many mechanic watch that got same movement just different case and different price range. So what the bid deal for Apple Watch .
If the gold was the same price as the steel I still wouldn't buy one. Looks gaudy.
If they put out a new watch that quickly, then version 1 is obsolete.
That's like diamond is same price as sand. There are no rich/poor in the world. You are talking non-sense world never happen in reality.
Time to wake up.
That makes no sense because many high end manufacturers including Rolex introduce new model year versions of all their watches on a yearly basis. Not to mention that the AW is essentially an iDevice and follows the same yearly update cycle as all other iDevices.
If my normal collection included several gold watches -- say, a Daytona, Patek, etc -- you can be damned sure I'd buy an Edition AW. The SS and Sport models are just too much cheaper.
I do agree
Perhaps if you're rich enough to afford a $300,000 Patek, but most AW owners who are coming from a collection of luxury mechanical watches are opting for the SS rather than the Edition for the simple fact that a $10,000 AW Edition is a poor buy compared to a $10,000 Rolex that can last a lifetime.
True, although a $10k Rolex is still only steel, and plenty of Pateks are a lot less than $300k.
Wow you totally didn't get what I was saying at all, right over your head.
If I had the Patek I see online for $30k, you can be damned sure it would be on my wrist every day. I can't afford it, but if I could afford it, I wouldn't be caught dead buying it or I would be divorced. That doesn't count if I could afford it because I had millions in my checking.
I would not be an Apple Watch owner if I could easily afford a Patek. And I love my Apple Watch.
Actually right under my feet.
I never see Watch collector got only one watch. Even they own PP or RL they can buy Apple Watch Edition.If they get the smart watch idea.
Luxury watch rely on how people feel when they saw it. Unique,expensive and rarity.
Like this thread, people start talking about the edition , how worth it is ?
That the thing Apple want people talking about it , I used to thought about mechanic watch like that before .
At least people know how much the edition cost than other mechanic watch , am I right ?