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Patek Philippe

observation

 

Despite the admonitions against discussing value, this thread is in fact discussing value (and with a bit of an edge, it seems).  So please don't mind me as I offer a short observation on this topic.  Watches are like tulips in seventeenth century Holland:  beautiful, yes, and worthy of our fascination on some level, but economically unpredictable, and that goes for all watches and brands.  Nothing but air supports the high valuations of the prestige watches for which there are now waiting lists.  Tomorrow 90% of the wealthy people who today buy multiple prestige watches may wake up to discover that they have other hobbies they'd prefer to indulge.  Or they may still care a great deal about what appears on their wrists -- but each such person (with the laudable exception of participants on this forum) may decide that one high-prestige watch is enough, and that more would be over-indulgent.  That is not now our world, but it could well be in ten years.  If so, the value of many watches prized by collectors could fall catastrophically. 

That won't matter to those of us who buy watches for love and don't care about ever getting our money back.  But that has to buy your reason for buying them; otherwise, it's like buying a house in the Las Vegas suburbs in 2005.
This message has been edited by Chromatic Fugue on 2009-08-08 20:10:54

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