Quote:
Originally Posted by SMD
Then you really should not be buying high end watches (or cars). Almost all non-hype pieces lose a lot of money. You don't buy a Calatrava or Vacheron (or countless others) because you think it will hold x% of value. You don't buy a Ferrari because you think it will hold value (SF90 buyers take note). You go in thinking if it goes to zero (or a normal non-covid induced depreciation schedule) it won't impact my life at all. If it will, dont buy it. I didn't care what my watches were worth in 2021 when they were up and dont care now when they are down from there. Simple.
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I personally get a kick out of the hunt and enjoy the pieces more knowing I made money on paper/won't lose money if I sold even though I have 0 intention of selling so it's all irrelevant. At least for me - value retention is a box I want checked. My cars I don't seem to care about this as much for some reason. But a toy on my wrist, yeah I want it to hold value since I know it's possible that it can hold value. Just my 2 cents. I know that makes the "enthusiasts" blood boil.