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TAG Heuer Sales Director Patrick Pruniaux Joins Apple in Run-Up to iWatch Launch [Updated]
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As much as I would like to believe my Rolex 116710BLNR will be worth more than I paid for it, I have a hard time believing that it will be.
Based on the 1971 Sub example, $210 to $3000 is over a 1300% increase in value (~14x original price) over 40 years.
Assuming we take that route for a current production no-date Submariner, ref 114060, which MSRP's for $7500, that would mean in 40 years, it will have a secondary market value of around $105,000 give or take. For this to happen in 40 years, the MSRP of a new production Rolex Submariner would have to be over $105K USD. I highly doubt this will ever happen, unless we have some serious inflation and/or the Swiss Franc destroys the US Dollar. Not to mention the number of Rolex Submariner 114060 in existence would need to be pretty low by that point in time (shortage of supply for demand), which would be hard to fanthom considering Rolex produces about 700,000 watch movements a year, so there's probably a good amount of Rolex 114060 being produced.
I have the same watch. I agree that similar increases as we have seen historically might be a tad ambitious, but I have very much trust that we have purchased a rare watch.
I just read that Rolex released the first blue-red bezel GMT II in white gold (not steel yet). Until this year Rolex did not perfect the technology to produce red ceramic, which is why they issued the blue-black bezel type. I'm confident we will see a blue-red GMT II bezel in steel transition soon, making our blue-black version a very rare model that will have been made for only a year or two / three.
I doubt it will increase at that trajectory for current models either due to mass production.
I never expect appreciation. It just one of the fringe benefits of something you enjoy.
There is something tangible about buying something and not having it drop in price like a car. A $70K car in 1990 with 100K miles
probably sells for $2-5K on a used car lot but a watch, even worn still has some value.
I would expect a current Rolex Oyster to appreciate by 20-30% in a 20 yr span which is probable.
The no date has had a good rate on return. They used to go for $2400 during the late 90s and now,as you quote $7500
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ok by reading the posts here, if this thing apple is working on is a BAND and not a watch then, it could play out totally different altogether.
but if its a watch then they will take on the watch industry.
but if its a watch then they will take on the watch industry.
http://www.hodinkee.com/blog/tag-heuers-head-of-global-sales-to-join-apple-reportedly
"Hot on the heels of the news that LVMH-owned TAG Heuer had lost its VP of Global Sales and Retail, Patrick Pruniaux, to Apple, TechHive's editor-in-chief Jon Phillips asked three traditional wristwatch executives what they thought of existing smartwatches. Their answer? Yeah, not much."
http://www.techhive.com/article/245...f-your-cheap-plastic-designed-smartwatch.html
"Each industry must respect completely different pricing rules: A smartwatch cant reasonably cost more than a $300 smartphone, while a luxury wristwatch can cost a years salary."
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I hope it is a band, not a watch.
"Hot on the heels of the news that LVMH-owned TAG Heuer had lost its VP of Global Sales and Retail, Patrick Pruniaux, to Apple, TechHive's editor-in-chief Jon Phillips asked three traditional wristwatch executives what they thought of existing smartwatches. Their answer? Yeah, not much."
http://www.techhive.com/article/245...f-your-cheap-plastic-designed-smartwatch.html
"Each industry must respect completely different pricing rules: A smartwatch cant reasonably cost more than a $300 smartphone, while a luxury wristwatch can cost a years salary."
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I hope it is a band, not a watch.
Yea try to sell your watch 20 years from now..with more value) Everything but land, yea maybe your children can sell your watch because in 100 years will become an art and a better value. But you can't tell me that i buy a watch now and a week or year or 5 years from now has a better value.
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And people buy watch for investment? what a thinking..i was hopping for pleasure and for perfection...
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I buy these Longines watches just for personal use and for pleasure, i am not a collector or watch industry is not my life. I rather send a part of my profit to charity
You haven't made any solid arguments to whatever in the heck you are talking about. This post really shows how much you don't know about the watch industry. You post a lot.. A lot of nonsense. You're becoming the joke of the thread, to me at least.
I mean nowadays people are less fanatics about art. That's all. Let's move on, ok, you all are right the watch industry will last forever for unlimited time and everybody will be appreciate the same old mechanism when we will have flying cars,lots of robots doing all assemble to anything but the watch, and a lot of people will work from the basement without the need to get out
Gosh, this discussion is still going on? After peterdevries first posts this thread should have been closed because he said everything what had to be said.
Apple's impact on the luxury watch market will be the same as the impact McDonalds had on gourmet restaurants.
Apple's impact on the luxury watch market will be the same as the impact McDonalds had on gourmet restaurants.
Haha, thanks. Actually everyone here just tries to reason with one individual who fails to understand that things that he hasn't learnt about or seen can still exist! Most people including me would be willing to change their views when presented with evidence (and admit it), but this person seems to be unwilling or unable to understand that things might be different than he believes.
Now we can all argue that these might be opposing opinions, were it not for the fact that there has been ample evidence presented by 'our' side of the argumentation, while he clings to expressions such as "I cannot believe that...", "You live under a rock" or "I understand kids better than you because you are 63 and I am 35". (This last statement was about another poster, I'm actually 38).
Good signature text by the way... It ties your post together.
I admire your patience here. I think I would have been very undude and rather walterish with a 5 words reply.
Hint: last word 'Donny'
I admire your patience here. I think I would have been very undude and rather walterish. My reply would have been 5 words long. Hint: last word 'Donny'
Well, actually I did lose my temper and that post was quikly removed by the moderators.
Although he claims to be 35 and own a construction company, I'm quite sceptical to believe that. He doesn't seem to be able to respond to solid and fact-driven argumentation using counter-proof or by admitting that he is wrong. That is not behaviour that I would expect to see in someone who owns a business.
I told you just move on like the time. You are to obsess with a dead mens legacy.
Please end this ridiculous topic about luxury watches or i will ask administration to erase all topics
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Like i said, owning a company from over a decade you learn how wealthy people respond to the time. They don't care about some watch, they care about family, land, houses now. Time are changing quickly than you think. And we already know you need to swear to make a point.
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It's clear that you don't have enough money to treat a luxury watch as it is, and not like your life depend on it.
Please end this ridiculous topic about luxury watches or i will ask administration to erase all topics
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Like i said, owning a company from over a decade you learn how wealthy people respond to the time. They don't care about some watch, they care about family, land, houses now. Time are changing quickly than you think. And we already know you need to swear to make a point.
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It's clear that you don't have enough money to treat a luxury watch as it is, and not like your life depend on it.
Erm...
Perhaps you *should* ask for all topics to be removed. It may save you some face...
Wow, so much negative attitude for a thing, a watch. Wow you really love this..Please remain with your watch when others try to build a better world . Seems that Alfred Davis and
Hans Wilsdorf own you and are happy in the graves to have so many sheeps to keeps the passion move on.
I wonder if you will be able to take a life to sustain your watch industry ?!
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I wasn't calling you out in particular, I was just referring to that train of thought. No harm intended
All this talk of smartwatches is getting boring in light of what is happening in the real watch world. Forget the Moto360, iWatch, the most amazing thing to come out is the new Swatch SISTEM51. Seriously. This is a marvel in engineering.
This may be straying from the topic but this is what sort of innovation that should be happening.
It looks likes those cheap disposable quartz Swatch but it is in fact a breakthrough in Swiss engineering. I think it is one of those rare breakthroughs that come once in a few moons.
It is a purist watch despite the plastic case and childlike appearance. To appreciate it is to understand the ironic genius behind it's
profoundly complex simplicity.
It is the first fully automated, machine made automatic movement with 51 parts,centralize screw, zero maintenance for 30 years, 90 hour power reserve. 100% Swiss Made. 51 parts.
It is a major feat of engineering considering most mechanical movements have over 600 parts. It is a real game changer. It shows the SWISS are not sitting idly.
And it is going to be $150.
http://www.arabianbusiness.com/swatch-sistem51--empire-strikes-back-556771.html
This may be straying from the topic but this is what sort of innovation that should be happening.
It looks likes those cheap disposable quartz Swatch but it is in fact a breakthrough in Swiss engineering. I think it is one of those rare breakthroughs that come once in a few moons.
It is a purist watch despite the plastic case and childlike appearance. To appreciate it is to understand the ironic genius behind it's
profoundly complex simplicity.
It is the first fully automated, machine made automatic movement with 51 parts,centralize screw, zero maintenance for 30 years, 90 hour power reserve. 100% Swiss Made. 51 parts.
It is a major feat of engineering considering most mechanical movements have over 600 parts. It is a real game changer. It shows the SWISS are not sitting idly.
And it is going to be $150.
http://www.arabianbusiness.com/swatch-sistem51--empire-strikes-back-556771.html
I agree that this is indeed one of the most interesting innovations in recent times for low end watches. The interesting thing is that this technology was only made possible through the innovation in the high end watch brands from Swatchgroup suchj as Breguet, Glashutte etc.
Interesting with all this discussion here that it seems the most significant watch brand on the planet is not moving digital but mechanic.
I don't know how you guys can keep reading his stuff.
I put him on ignore list many pages ago