It does make it easy to spot those whose idea of wealth comes from their fantasy of winning a huge lotto jackpot though.
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Obsolete jewelry on the horizon.
- Thread starter mcdj
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It does make it easy to spot those whose idea of wealth comes from their fantasy of winning a huge lotto jackpot though.
It does make it easy to spot those whose idea of wealth comes from their fantasy of winning a huge lotto jackpot though.
Indeed
Oh if I had a LOT of money, and I mean a LOT.
I would probably consider buying high quality watches, cars etc as investments that I can also enjoy.
It's nicer to own a gorgeous physical items, with superb real engineering than just look at a number on a sheet of paper.
As long as those physical items are going to appreciate in value.
However, that does mean I would ever want to throw $1000's away on anything I felt was a waste.
Or unless they're from China. I don't even know that many mainland Chinese people but I already know two of them that are planning to buy the Edition. Believe me, mainland Chinese people are frothing at the mouth to get their hands on the 17k Edition with the red band. I think a lot of tech-oriented people from the west really can't understand why the Edition really appeals to some cultures.
Um no. There is certainly not that much gold in the watch including the band, hell there's not $17,000 worth of gold in 5 Apple Watches.
While somehow I do agree with you in this particular case, what you and many others here fail to see is that what you may feel is a waste, others may appreciate it and find it beautiful. People love all sorts of things that others don't. I find it fascinating that people here would quickly label them dumb for spending something that they have on something that they want.
So why is it so expensive, since other costs should be same as the other watches. Is it manufactured in the same place?
I'm not sure. All I know is that 18k gold is $886.8 per ounce and the 42mm rose gold case is just above 2 ounces. The band itself probably has no more than an extra ounce of gold. So at most, the watch probably has $2,660 worth of gold.
We don't know where the Edition models are manufactured. However, the typical markup in the jewelry industry is 3X, but Apple is charging more because they can.
I've mentioned this in another thread or two. I don't know where the perception that people who spend money on "expensive" (let's define that for this thread at $10,000 and up) watches do so "willy nilly" and just on a whim. It's a frustrating misconception, as a person who loves watches. I have lots of friends who also buy/collect watches at this price level, both in person and online, with watch collections in the hundreds of thousands of dollars. And I don't know a single person who buys watches like many on this forum seem to suggest. It's planned out, thought out, scrutinized. I personally have bought over $90,000 in watches the past 12 months, 9 of them Rolex and most around the $10K mark with a couple over it, and not one has been an 'impulse" purchase. That's not how the vast majority of watch enthusiasts buy watches.
I'm sure there ARE some people in this world that buy things of that cost without a second thought, but for the vast majority of expensive watch buyers, that's not the case at all. And that's not just me talking...one of my close friends is also my Rolex authorized dealer, and we constantly talk about the buying habits/nuances of his nationwide customer base. VERY few people with GOBS more money than little ole me buy $10K watches on a whim. As several people have said in this thread, typically the people with the most money are very good at managing it and not wasting it.
I don't want to burst your bubble, but you are probably not the audience they are targeting. I'm guessing they will be going after celebrities and the like who throw away money. In fact, I would probably say they will be given as gifts to people from companies.
Can we please stop with this? Just because a person has 17k to buy a watch with doesn't mean that they waste money all over the place on anything with a high price tag. I own watches that expensive, and when I purchase another (which I almost did today), it's a careful purchase. I would never just throw a past purchase away and forget about it and buy a new one instead. You have a serious misunderstanding of people with money and more specifically, people with money who love watches.
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This is false also. Ive pushed for the Edition. The other higher ups wanted nothing to do with it. It isn't an advertising strategy because the only people talking about it are the folks who think it's laughable. The conversation isn't doing Apple any favors.
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This is false also. Ive pushed for the Edition. The other higher ups wanted nothing to do with it. It isn't an advertising strategy because the only people talking about it are the folks who think it's laughable. The conversation isn't doing Apple any favors.
Obsolete jewelry on the horizon.
I've tried to make this point around here 'till I'm blue in the face, but lots of people are talking about an are/subject with which they are not familiar...
On your second point, that is all I'm hearing/seeing too about the Edition. It's getting laughed at, and not a second look by people who actually can/could afford to drop that kind of money on disposable tech. I also have stated that, in my opinion, at least here in the States/western world, the Edition isn't getting Apple the kind of attention it needs or wants. People ARE talking about it, but not in a positive way.
I've tried to make this point around here 'till I'm blue in the face, but lots of people are talking about an are/subject with which they are not familiar...
On your second point, that is all I'm hearing/seeing too about the Edition. It's getting laughed at, and not a second look by people who actually can/could afford to drop that kind of money on disposable tech. I also have stated that, in my opinion, at least here in the States/western world, the Edition isn't getting Apple the kind of attention it needs or wants. People ARE talking about it, but not in a positive way.
And you know this, how? You think you know all the rich people in the world and how they spend their money? And why is it you prefear to use the word "waste"? If a person likes something (as strange as you may find it, people may like things that you don't) and they have all the money they need, then they are going to buy it without a second thought.
People here talk as though they know every single person in the world and their spending habits.
Nadal's watch is $263,995.00
He and his sport pals -professional athletes- might be a good target.
He and his sport pals -professional athletes- might be a good target.
If you had a $263,995.00 watch, would you wear a $349 device dipped in gold?
Good question, i can't answer and never will
By the way, I was mistaken Nadal's watch is $690,000
The watch that Nadal wears on court, the RM027-01, is over $600,000. Developed by Richard Mille with input by Nadal over the course of a little more than a year. Not to mention that Nadal is under contract with Mille, so it's not like he can/could be seen wearing any other maker's watch anyway....
I think it's the nouveau rich who'll buy an Edition.
Older money and senior executives will stick with flip phones, high end mechanical watches, and a personal concierge to handle mundane details like searches and appointments
(Can you imagine Meryl Streep's character in "The Devil Wears Prada" using a smartphone and OpenTable to get restaurant reservations? Or vetting her own incoming phone calls? Heck no, that's what flunkies are for !)
Older money and senior executives will stick with flip phones, high end mechanical watches, and a personal concierge to handle mundane details like searches and appointments
(Can you imagine Meryl Streep's character in "The Devil Wears Prada" using a smartphone and OpenTable to get restaurant reservations? Or vetting her own incoming phone calls? Heck no, that's what flunkies are for !)
I think it's the nouveau rich who'll buy an Edition.
Older money and senior executives will stick with flip phones, high end mechanical watches, and a personal concierge to handle mundane details like searches and appointments
(Can you imagine Meryl Streep's character in "The Devil Wears Prada" using a smartphone and OpenTable to get restaurant reservations? Or vetting her own incoming phone calls? Heck no, that's what flunkies are for !)
I think you're correct that these are the sort of people more likely to buy this watch as a "status symbol."
I expect some people with old money do like new tech gadgets and if they prefer gold, they'd buy the Edition because they can afford it, no problem. If they prefer the stainless look? They'll just buy the Watch series. Because they're not generally the types to care about impressing anyone with a tech gadget.
All that said, the Edition is Apple's attempt to try out the luxury watch market. That's all it is. And if people buy it? Good for Apple.
Amen! I think all these people trying to figure it out have got it wrong. Apple is trying new things. Good for them