Does it seem foolish?

[ravenhome777]

Does it seem foolish to spend 15k on a watch?

[JRDiAndrea]

Yes.

[BigBlue1]

Depends on your situation.

[Tools]

Foolish is perspective.

If you wonder where next months rent is coming from, then, yes, spending 15k on almost anything is foolish.

For some, it's just another purchase; new rims and tires on the Benz, or a watch first..

[Tom1675]

Negative. Are you really asking this crew? Anything with a matte dial in good/original condition will run you $15k these days...

It does seem crazy but we've got the bug.

As for "foolish." Are you asking if we are in a bubble? People have been saying that for years about this hobby, housing, C2 Corvettes, stock market...

[locutus49]

If your family is financially okay, then it is not foolish, it is smart. Why smart you ask? Because it is an investment. Yes an investment. An investment in human happiness.

[ravenhome777]

It is just interesting to me, that's all. We are spending truckloads of money for a watch. At the end of the day, it's just a watch. We know that watch didn't cost nearly 15k to produce. It probably costs 100 dollars in materials. The intellectual property might cost 500 when spanned across production numbers. We need to factor in employee pay, and the facility, so maybe 1k? Why are we paying 14k extra?

Really, it's almost like you're purchasing art. You could say the same thing for a painting. Is a van gough really worth 50 million? It's a canvas and oil paint. The materials cost no more than 5 dollars, but some people are willing to spend 50 million for it. Where is the value? What are you getting in return for your wealth? The thought behind it, I suppose.

[Dr.Smellody]

It is all relative!

[brandrea]

All depends how you prioritize.

[zengineer]

Originally Posted by ravenhome777

Does it seem foolish to spend 15k on a watch?

Not if it's one worth 20k

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[ravenhome777]

I asked the question because I was curious to hear everyone's thoughts on the matter. It's almost philosophical in some way.

My favorite response so far was JRDiAndrea. I was laughing my a** off. LOL!

Brutal honesty. We all know it is foolish on some level. How do we justify the foolishness to ourselves. Do we hide it? Do we embrace it? Are we scared of it? That's what makes it interesting.

Hey! No judgement here. I'm drinking the kool-aid too. It tastes delicious! :-P

[springer]

Originally Posted by ravenhome777

Does it seem foolish to spend 15k on a watch?

It very well might be - depends on your individual situation and ego. Most people that don't don't have that type of disposable income aren't going to be buying $15,000 watches. We only pay outlandish prices for anything when our personal wealth or income allows us to do so. Why spend $70,000 for a car when one for $25,000 will do the same thing?

[77T]

I’ve spent much more for 2 seconds a lap.

Listen, before you over analyze your navel lint in an effort to divine the meaning of life...just remember time is money.


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[ravenhome777]

On some level, I think we're pretty ballzy to spend 15k on a watch. I mean, it's not something that most people would do. It's kind of like going parachuting on some level, no?

Sorry, I've been getting kind of philosophical about the whole thing today. I also noticed that I often associate Hans Wilsdorf with Walt Disney. I think it's their imagination and their ability to create something that they imagined in the physical space. People imagine stuff and create things in reality all the time, I suppose. But perhaps it's the grand scale that they did it on. And they both kind of created "worlds" or reality/fantasies that you can live in and partake in. People are living in their fantasy worlds long after they've left. Maybe that's the association I'm making. Not sure.

Also, I have been thinking about Rolex as a company. It's private. It has no stock for anyone to purchase. Is Rolex stock, its watches? Are you buying a piece of the company when you buy a Rolex? Kind of. The reason I feel this way is because I asked the question, would a vintage Rolex watch be worth as much if Rolex was no longer in business... If it wasn't a living company. I don't think so. The fact that Rolex maintains its presence in the minds and hearts of the world adds value to their "stock". The fact that they buy ads for the Oscars adds value to their watches and gives back to their "shareholders" because it keeps the name "Rolex" in circulation. The next generation will be aware of the name Rolex. It maintains the brand as a household name and keeps our watches valuable. If they went out of business, which they probably never will, then the price of watches would plummet because they wouldn't be relevant anymore. Anyway, that's what I was thinking about today when I should have been working.

[Tools]

I don't have an issue with spending 15k for a watch, I'm wearing one right now.

What I can't see is spending almost 4 million bucks on a green Mustang that was used for an hour in a movie decades ago.

[ravenhome777]

I guess it is relative. You're right. I'm certainly not rich so 15k gives me pause. But if you're a millionaire, maybe 100k gives you pause. Whatever number makes your stomach turn a little bit. Then you can ask yourself the question. There's a certain number that everyone has, given their financial situation, that might make them ask that question to themselves. Is $__ amount really worth a watch?

The only reason I'm thinking about that is because it gets into an area where you're challenging yourself a little bit. It makes things interesting and kind of tests your metal, so to speak.

[1665fan]

Originally Posted by zengineer

Not if it's one worth 20k

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Booya

[Dan S]

Only if it has a pan-pie dial.

[BigBlue1]

How much is too much to spend on a watch? How about even contemplating the thought of buying a watch is a foolish thought. There are so many avenues you could go it’s endless, but please no pan-pie.

[cascavel]

Yes, absolutely. There's no way you can get a good watch for $15K. You have to spend at least $40K to get a really good watch. Anything less is a waste of money.

[Verdi]

Originally Posted by ravenhome777

Does it seem foolish to spend 15k on a watch?

Cut to the chase!
What do you want to get?

[Andad]

Originally Posted by Tools

Foolish is perspective.

If you wonder where next months rent is coming from, then, yes, spending 15k on almost anything is foolish.

For some, it's just another purchase; new rims and tires on the Benz, or a watch first..

Hmmmmm?

New rims on the Benz?

That’s a thought, thanks Larry

[Brew]

If I had a dollar for every time I did something foolish, . . . .

[wappinghigh]

Not if it got me waking up to someone who never looks like Cindy Crawford.....

[Patton250]

Originally Posted by cascavel

Yes, absolutely. There's no way you can get a good watch for $15K. You have to spend at least $40K to get a really good watch. Anything less is a waste of money.

Lol. You just made things 10 times more complicated.

Originally Posted by directioneng

Hmmmmm?

New rims on the Benz?

That’s a thought, thanks Larry

I just spent $8000 on new rims and tires for my Benz. Lol

[Nickn]

It’s not actually spent
If you don’t buy from a jeweller and pay full retail you can always get your money back
Bought a 2002 112838 day-date full set for £10,000 yesterday from a collector if I decide to sell I am sure there’s a small profit so I didn’t actually spend anything
At least that’s what I told my wife

[Patton250]

Originally Posted by Nickn

It’s not actually spent
If you don’t buy from a jeweller and pay full retail you can always get your money back
Bought a 2002 112838 day-date full set for £10,000 yesterday from a collector if I decide to sell I am sure there’s a small profit so I didn’t actually spend anything
At least that’s what I told my wife

There’s something very serious to be said about this. You’re absolutely right of course. It’s not like money spent on something that’s gone forever. Of course they get upset with us when we have this discussion so I’ll leave it at that.

[1William]

It is about what you want and what you are willing to spend. Do you need 15k worth of fishing tackle, 15k in golf clubs/memberships/gear? The watch experience is one of the only liquid hobbies I am aware of where you can buy,sell and trade with such ease. But you must buy right and follow the formula that has been established and understand that you can and will lose some money. But you will trade it for enjoyment and ownership. If you have the money, go get your watch and enjoy.

[iliketime]

If that $15,000 can go else where more urgent than yes. If not, salud.

[Paulie 50]

Originally Posted by zengineer

Not if it's one worth 20k

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Buying watches like any other hobby is very subjective, if you can appreciate the beauty of the watch and the workmanship that has gone into producing it then yes, there is also the added value that if you buy with your head as well as your heart; there is more than a good chance that you will get more than your initial outlay if you decide to part with it further on up the road.