Hi, Jed,
I'll try very hard not to slippery slope down the path of token trivial platitudes, but I remember something my father once said to me a long long time ago - try to do what you like. But if life doesn't give you that luxury, like what you do.
Life is all about compromises - make a little more money; a little bigger house; a faster car; more peace and less war; more love and less hate; etc etc etc (I was going to write a hotter girlfriend/wife; a sexier me; smarter more considerate and responsible kids; etc etc etc but I used up all my politically incorrect credits yesterday...
One of the "epiphany" moments for me in my life was when I somehow, magically, stopped being envious, covetous, and jealous. (all related but not synonyms) Of course, that's fine for me, but then I've lost one of the big powerful motivators for most people - competitive one upsmanship. It is really hard to explain to teenagers that one should strive for some abstract standard and not petty grade competition or money earning pissing contests or beauty contests or popularity contests...
What does this have to do with watches, and specifically the practical reality that for most (moi aussi!) watch play money is limited and more often than not one needs to sell to fund and make room for the next buy. So of course resale value comes into play.
But I think an important consideration is being missed, and I'll address it by example - would I buy something I really wasn't in love with, just because I can sell it for a high percentage of purchase price later, when I inevitably get bored with it (not true for me, but for most, yes, most have ADDS and short attention spans; whew, I feel sorry for their significant others!
) or would I rather get something that really rocks my world, even if, at some nebulous point in the future, I have to sell it for a large monetary loss?
What's wrong with this picture?
And why am I getting either piece at all, in the first place?
dollar for dollar, pound for pound, sure, Rolex and Patek will resell faster and for a higher percentage of acquisition price, in most cases. But, if Rolex and Patek don't float my boat, what is my non-monetary loss for not getting what I really want?
One can either consider it in the positive - factor in the enjoyment of owning what I really want; or one can consider it in the negative - factoring in the loss in pleasure of not getting what I really want - and the final "equation" is far different than the purely pecuniary.
I know of people who have had absolutely horrible experiences with their Lamborghini, and on top of which they are horrendously expensive to maintain, even if everything works right and one is lucky enough to have a trustworthy, inspired mechanic (not an easy goal!!!)
For those in love with their Lambos, would they trade in their Lambo experiences, multi-10s of thousands of dollars of loss vis a vis Porsche, Nissan GT-R, or even Ferrari aside, for something else?
Not on your life!
Just food for thought...no answers here...
TM
This message has been edited by ThomasM on 2010-02-24 08:21:24