Fastwong
2603
This is where I think the comparison to art takes a leap. Almost all of these $1M+ pieces are series machine built watches not unique pieces of art from the hand of the artist. A Breguet or George Daniels seems closer to the definition of "art"
But I think it's my view is probably an antiquated one. Art or watches (or sneakers and ipos) society has decided that intrinsic value is not what determines collectability, only what profit can be made on the thing.
Has anyone been following the NY auction?
What the hell happened? Is this even real or is something fishy going on?
Sure seems like it.
I like Journe but how is it worth more than a George Daniels or Dufour complication?? What am I missing? Regardless if I had $10m to throw at something for shits and giggles I’m throwing it at SpaceX and Anthropic and hope I hit the next Nvidia.
totally insane
I don't know anyone who would pay near those results however deep the individual pocket may be...
Yes, I went on Friday for the preview, primarily not for the watches, but to see what’s happening.
I was there for about bit longer than expected and the whole room was filled with dealers calling “clients”, trying to convince them to buy primary Journe. It honestly felt like those old stockbroker calls… This is not horology anymore, it’s investment po...
They have just issued a press communiqué,
They have just issued a press communiqué, An error occurred: all the results were reported in the wrong currency, with the amounts shown in Zimbabwe dollars.”
Good question. Very few people can answer your question.
There was an earlier post about this. Here's the link: Horological meandering: This Market Is Going Completely Crazy That post was highly focused on money - a discouraged subject here on WPS. In that posting some members resorted to emotional words and ca...
I wrote nonsense
If you say I'm ignorant, I can confirm I'm not. That's just investing, like shorting stocks or any other way to make money. Or maybe I'm too ignorant to understand how these tactics work. It's indeed curious that talking about money is basically forbidden...
I apologize for the tone as it is not representative of we practice and preach.
Sorry all that may be offend by the tone. I will take responsibility and redress the situation. Bill
And with the same wind, what gives you the superiority to judge someone else’s opinions?
Last I checked, this was a free site where everyone can express their opinions for the sake of information based of facts, which in this case are impossible to deny! I was there on the flor and I heard with my own ears the way dealers pre-sold or tried to...
account suspended
the above was jim_94104's last comment here and his account has since been suspended. guess they don't like what he writes. mod, don't bother suspending my account. im leaving.
I used no emotional words. I simply asked
what was happening and why and also if it was an “honest” event? Others who may have used the terms “crazy” or “nuts” or “wild” or “unbelievable” or some such word that is used in common parlance is not “ungentlemanly.” It’s merely a common way to express...
If I was spending US$10m on a Journe…
…I would much prefer to have the two tone souscription Resonance with that dial (supposedly one of only two watches in this configuration) than Mr Coppola’s FFC. The provenance is totally irrelevant, at least to me, and it’s a current production watch. Re...
I don’t think there are only two.
The description says it was number 7 of a 20 piece subscription series. Also you can’t deny provenance has a huge effect in resale. Look at the Paul Newman Paul Newman. Compare that watch to any other Paul Newman ever sold before it. In the case of FFC it...
There are two of this exact watch as far as I know.
1) platinum and gold case, 2) red gold dial. This 1), 2) combo apparently only exists in one other watch. And that watch will never come to market. There are very very few two tone Journe. If you recall some came up a few years ago at auction. There is al...
Haha well said.
If I had an extra $10-15m I wouldn’t be buying watches I’m buying shares in companies. That being said the whole auction was frothy. My Kari Inverse that I’m waiting on sold for over a $1m. That’s nuts to me. Is this sustainable and for how long? ...
Having had that Inverse on the wrist, you are one lucky man.
It’s a really great watch. But I’m biased insofar as I think Kari’s cases sit really nicely on my wrist. I’m just regretting not going for one when I had the chances. But like many watch regrets this was another where I thought there was plenty of time! W...
It was supposed to be here 2 years ago.
At this point I have just given up anticipating the watch and will go on with life and be pleasantly surprised maybe 5 years from now. You know my regret was not picking up the last allocated T30 because I had just bought the RL PLM, 3 weeks prior to bein...
Yeah, Lange.
Two very different watches though and so it was never a straight shootout. Either one at the time would have been the right choice, and honestly thinking about potential depreciation if needing to sell the Lange was probably the better choice at that time...
True tourbillions are useless but they are pretty.
And by virtue every mechanical watch today is useless as your Apple Watch gives you 10x the data you will ever need and more. I’ve grown up with watches because of my Dad so inherently I am attracted to them. But if I didn’t grow up with my Dad teaching m...
We bought the watches that actually worked! :)
There was a lot of overlap between Lange and Journe enthusiasts back then, with the common denominator for many of us being preowned availability of nearly all models at reasonable prices.
More reps to work out the kinks…
…I have the exact same problem looking at changing my car/SUV this autumn. New model, and I don’t want to deal with the manufacturer ironing out the kinks that exist on all new models. Best to wait a year until they figure all the stuff out.
There are two of this exact watch as far as I know.
1) platinum and gold case, 2) red gold dial. This 1), 2) combo apparently only exists in one other watch. And that watch will never come to market. There are very very few two tone Journe. If you recall some came up a few years ago at auction. There is al...
I heard a perspective the other day during an interview pre-auction...
...that gave some new perspective. Some of the new money in the collecting world is coming from collecting art. And in art, they long ago crossed the 100mm barrier, so 1, 5, 10mm for a watch is nothing in relation to that. And they are looking at it throu...
Watches are entering the world of art
Not all of them. But the handful or so of makers who are deemed historically significant are finally being recognized. This has been slowly happening for several years, so it's not at all a surprise. And we're just at the beginning of this chapter.
It doesn’t make sense to me because
Truly historic stuff like original Breguet pocket watches haven’t really moved?
This is where I think the comparison to art takes a leap. Almost all of these $1M+ pieces are series machine built watches not unique pieces of art from the hand of the artist. A Breguet or George Daniels seems closer to the definition of "art"
But I think it's my view is probably an antiquated one. Art or watches (or sneakers and ipos) society has decided that intrinsic value is not what determines collectability, only what profit can be made on the thing.
I’m not comparing these watches to hand painted
Masterpieces by the Masters. There are plenty of lithographs and prints that have fetched deep into the seven figures. And let’s be honest, there are plenty of examples of artwork that probably took the maker 30 minutes to make, and that sells for tens of...
And since a lot of that art never leaves the free port...
...it isn't LIKE playing the market it IS playing the market. Portfolio building. I think you're right. The watch market is only at the beginning of this.
I'm excited what the future holds
because I have a few rare independents in my collection, including Smith, Journe and Voutilainen. One day maybe I could sell them and enjoy the proceeds in other ways.