I hope the iWatch is a combination of tradition, fashion and technology. If they can produce a beautiful looking watch that when you tap the glass becomes something magical then I think they could be onto a winner. Especially if the watch is seen as the go-to piece of technology to monitor heart rate, blood pressure and other fitness aspects. They could dominate the market.
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What does any of what you are saying have to do with my post? It doesn't sound like anything at all. Total non-sequitur.
I have to disagree. The first reason why your example does not apply is that both products are targeted at the same market while a smart watch is probably the most contratry product from a luxury watch. In fact, from most people who are buying true mechanical watches (lets keep it relatively chaep an go with the 700-ish Victorinox) you will hear that they do so BECAUSE it is "low tech" analogue craftsmanship.
Another reason why both products do not compare well is because watches in general and mechanical watches in particular are investments in loooooong-term use. I highly doubt that Apple is fit to build any product that has a life expectancy of 10 years+.
Lats but not least: Most people who buy expensive watches (the above 2000 class) are not stopping with one watch but go with several to have the matching watch for the occasion and the outfit.
I for one would not even wear my most precious (my gf actualy thinks i go gollum on it) Tag Heuer 2013 Jack Heuer Edition to a formal occasion, thats when something more plain is needed...and smart watches scream "geek" almost as loud as googles obnoxious glass
I think this will be the main reason for many watch buyers to skip the iwatch...all those sensors only make sense if worn every day...so either stick to one (i)watch or just look somewhere else for the functionality...currently the withings clip serves me very well..but for the reasons mentioned before the beutiful withings activite will not be on my focus list.
Apple is very aggressive to counter other competitors too. They might come up with some innovative product soon. But after Jobes it might not be possible.
Yea try to sell your watch 20 years from now..with more value
And people buy watch for investment? what a thinking..i was hopping for pleasure and for perfection...
Seriously, how old are you?
I have watches from 10-15 years ago that have increased in value.
All my watches were bought brand new from Authorized dealers
Rolex GMT. Bought for $2200. Now, they go for $8900. I can easily sell a used 15 year old Rolex for $5K
Omega Speedmaster Pro. Bought for $1200 brand new 15 yrs ago. Now, they go for $3400-4K. I haven't checked but that is the ballpark.
Who here remembers buying a Panerai Luminor Marina for $1800 back in the day? I do because I bought one for that price. Or an IWC Mark XV for $1400? Again, I do. And how much do those current watches sell for? I rest my case.
People older than me bought Submariners and Speedmasters in the early 70s for $200. A used beat up Submariner still fetches at minimum $3K.
This is fact.
In 1996. I traded a $3,000 Mac Powerbook Wall street for a $600 Submariner, model 16800. It is a transitional Rolex (first Sapphire crystal w/ the old school tritum dial). The Japanese collectors love that one and it I've been asked off the street $8K for it. The original Powerbook probably sells for $150 on eBay.
That is appreciation.
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Exactly. I bought three 16610lv Kermits and regret selling them. I sold them at a profit of $1K each and I thought doing good.
I paid $4000 to 4800 for them and now they go for minimum $7,500. Most fetching $8K and up.
As for current models. I think some of the heritage Tudors and historical Zeniths were good flips in recent years. Specifically, the Heritage Tudor Chrono has a healthy resale on the secondary market.
If what you told here is true then everybody would buy a watch and after 1-2 years will sell it even for 10 more $ profit. Get real
here is your Rolex for example : http://www.bobswatches.com/rolex-gmt-master-1.html
Nowadays we have black market that affect everything so...you are dreaming of selling your watch for much more in your life time. Maybe your kids will take a great value
Thanks for the link because you JUST proved my point. And your link is 2ndry grey market. Authorized retail has even a higher markup plus TAX.
I didn't know the ceramic GMT Master II goes for $7,995. You just proved my point. I have the black bezel one on that page. I bought it for $6000 a few years ago from Davidson and Licht. It now is $2,000 more. Want me to provide a receipt? I also bought a GMT 15 years ago for $2200. If you go six rows down on your link, the same $2200 GMT I bought goes for $6295. Model Ref. 16710. First Rolex w/ solid end link bracelet.
I can easily sell both GMTs at a profit.
You can see both my GMTs here at the bottom row:
The one at the last row to the right is the $7,995 you just posted a link to. You just made my point. The one next to the Ceramic GMT II is the previous GMT II I bought for $2200.
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Not all watches appreciates but all the ones I bought have because I have a specific focus.
Archetype tool watches. Watches that appeal to alpha male types. People buy on emotional reasoning. When someone buys a Panerai, they want the beefiest looking John Statham, Stallone Italian made time piece. When someone buys an Omega Speedmaster, they may have a long childhood longing for the Apollo program. Someone who buys a Submariner may want to emulate Steve Mcqueen. You can't pin a finger on emotional attachments. These watches have a bond that electronic gadgets don't have.
Sorry, I don't buy mall jewelry watches like Rado or Longines. Those fashion watches are the ones that don't appreciate in value.
One more comment. I have insurance on my watches and the Insurance companies insure on replacement value. They don't look at the receipt of the original purchase but what it cost to get the exact same new replacement. So if I lost my Panerai, I won't get a $1800 check. I'd get a $6K check.
Here is an advert in 1971 for a Rolex Submariner . Notice the $210 price. Something my dad or uncle would have bought and passed down a generation later.
A no-date Submariner of that vintage can easily be sold for $3000 today. Easy.
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Calm down, in country's site a real and not second hand unit GMT Master II it cost about 11.000$. And believe me no one who can afford an luxury watch, would buy second hand because of status,icon or personal hygiene and pay even more than a new one. And are a lots of models in present (2014)to choose from. Back in 1800 it was hard to find but now there are all over the places and countries, online etc. So why a normal people would buy from you and not buy less from store? Thank you, i rest my case
Even with all that proof I doubt he will believe you.
Impressive collection. I last year bought the black-blue bezel GMT Master II at a discount. I should have bought two though.
I also have a Breitling Cosmonaute which is not exactly rare, but not often seen due to the complicated 24 hour system. And a Breitling Superocean chrono. All great watches. The Breitling Cosmonaute has increased in value significantly since I bought it!
edit: see?
I don't even knwo why I'm responding to this but let's try..
This is how it works Serban:
You could buy a Rolex watch in 1990 for $2000. That second hand watch will be worth now about $6500 on the market. The new version of that watch that is available today costs $8000.
That's how it works.
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You said you have several Longines and a Boss watch...
When i want to buy a luxury watch, because of my status i don't look at second hand watch even if i want to spend 10.000$ or 100.000$. I am not a collector
What the hell are you blabbering about.
So where are you getting 11.000$ from for a second hand unit? I don't get your price. Are you saying $11? $1,100? Where, sign me up. I'd buy all them I can get my hands on for that price. You can't and you are wrong.
A Brand New Rolex GMT II sells for $8900 from an Authorized dealer.
With tax, it is $9678.00 in most states in the US.
The link you provided is secondary market $7995 is less than $8900. That is about right. And people buy 2nd watches all the time.
I bought the same watch brand new authorized for $6K tax included.
You are simply wrong. You said watches don't appreciate and you try to confuse people with a link that shows you are wrong.
Yes i have different types of Longines for my different suits...but i don't buy 10 watches..and Boss when i go for running etc
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That link is like this: You buy or sell a second hand watch. That link is not a Rolex shop or an authorized one. It's just with second handluxury watches
Mathematical speaking Buy>Sell so you loose money after you bought
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I post this site because a friend of mine in August 2013 thought like you, and bought 10 watches for 7700$ each and hoped that will sells them with around 9000$ each, so a profit of 1300$ so a business deal....but no you buy them with 9000$ and if you want to sell them you have to drop the price to 7700$
Of course. But that loss is only short term because you don't fundamentally understand. Watches have price increases every few years. The manufacturers increase the prices. This happens in a lot of price controlled high end market. Furniture is the same way.
They go up 8%, 15% every year. Rolex, as a company jacks the price up.
So when you were able to buy a Panerai for $1800 back in 1997. You can't now. I remember in a short span of 4 years Rolex Submariners went from $2190, $2400, $2700, $3100 in a period of 5 years.
You don't see this because it doesn't happen to Longines. It does but not enough to make them worth anything. I remember them as $400. What are they now? $600 for a base ETA 2892 movement?
Google Rolex Price charts. You will see watch forums with actual posted dealer prices from 2000. All those watches are double in price brand new.
Price list from 2000
From 2012
Healthy increase way past inflation.
Other people do, and that is why they are priced the way they are. They are scarce and therefore expensive. Many people look for vintage watches because they are not made anymore today.
Ever heard of antique furniture or old-timer cars? Same principle.
Yes for antique furniture yes but only applies only for very old..not for your life time
Trust me if the business were how you two told here that you buy a rolex with 1$ and after you sell it for 2$..then everybody would do that and don't need to make a business or get a work. They simple live from the trade of waches...common im mature to change this subject and coninue to the topic that regards Apple and so called iwatch
The point people are trying to make is that current high-end watches can be sold on, for a lot of money. Apple products can't: http://www.amazon.co.uk/Apple-iPad-Tablet-WiFi-16/dp/B001FB5FXA
We can assume the target audience for an iWatch is not the same as the target audience for a high-end traditional watch.
In the same way iPhone has not killed off land-line phones, traditional watches will exist alongside iWatch and other smart-watches.
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Again. You are wrong. Modern furniture increase in price as well. I have a Herman Miller Eames Lounge Chair that goes for $4700. With tax, around $5.5k. A few years ago, they were $3000. Used ones from just 15 years ago are worth more because they have rare, banned Brazilian rosewood.
Like all stuff, they do lose money once you walk out the door. They lose $500 off the bat but over time, as Herman Miller increases their price, the lost is turn around. With inflation, you may gain or break even. However, they never go down a certain threshold ever.
After a certain period, the inflationary price increases, people get "priced out" and seek second hand versions. Does the cheaper IKEA knock-offs are threat to Herman Miller? No. just as the iWatch is no threat to IWC.
Incorrect again. Vintage versions of Eames and Le Corbusier furniture that was produced in the sixties can be sold now at a profit.
Many people do this. The reason why not everyone does this is because it takes a lot of money and time to start with this. I would need to buy and sell about 40 Rolexes at a profit per month to be able to make the same money I do now.
Yes but you have money now...instead of arguing with me on a forum you should be in a store to buy at least 1 watch per day, to grow your income....what a joke, even the president of most countries would't allow this officialy because of interest conflicts. But you are right IN EVERY ASPECT just please back to the topic because you are treating this thing too fanatically. I choose instead of giving 20.000$ or 50.000$ on watch for my personal desire, i choose to buy Longines and the rest give to charity for more purpose of life than an personal accessory.
Serban, this confuses me, could you elaborate please? You have a painting that you've had valued at $300,000. And you were told that if it were three hundred years older that it'd be worth over 15 million? Have I got that right? I'd be interested in knowing the name of the artist...
No, i have an old painting and i went to professional to investigate for a possibility of selling. In my country they told me they only can tell me that the web is not manually and it's from 150-200 years old and not the original from 500 years ago when that author lived. So if it was the original the auction would've been started from around 15 mil$ , but now they think that will start from 300.000$. But like i said i have passport for it to travel and i must go to Vienna probably next month, and if we are in business i must go to London
Author: Raffaello Sanzio
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