Prices of watches are out of control

Thread: Prices of watches are out of control

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  1. #1
    Member niles316's Avatar
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    Confused Prices of watches are out of control

    We all know that there are many watches out there that only the very rich can afford like a Girard-Perregaux Tourbillon Chronograph or a Roger Dubuis Excalibur which both cost half a million each. I find such luxury excessive. I can understand buying an IWC or a Glashutte or a Hublot for $20k. Maybe a Ulysse Nardin or a Breitling for $40k is still acceptable. But to spend 6 digits on a watch just doesn't make sense even if u are filthy rich.

    If we compare it against the cheapest decent watch say a $20 Casio with a $200k luxury watch, we see that the price difference is 10,000 times. How many products are there that have such a price difference? Take cars for eg..if we set the price of a reasonably cheap car at $15k, at the other end of the spectrum,following watch pricing i.e. x10000,we'll have a $150m car. Now..how many cars are priced like that? Even if there is,it's probably a one of a kind or a prototype made just to showcase the technological prowess of the car company. But there are quite a number of watches that are priced that way or even higher e.g. there are 33 pieces of G-P Tourbillon Chrono priced at $530k. Besides that,many other watch brands have watches costing around half a mil.

    If we apply the same luxury stretch on laptops,we'll find them costing as much as $500x10000=$5m. A laptop for $5m? Ya..maybe if it's studded with diamonds all round.

    That's why i think that buying a watch costing 6-digit is excessive. After all,it can only do so much. Unlike buying land where more $ gets u more land. A half mil watch will still occupy the same space on one's wrist n it can only hold so many parts in the casing.

    What do you think?

  2. #2
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    Re: Prices of watches are out of control

    Couldn't agree more. Not just from a pragmatic value-for-money POV, but also ethically. I'm a bit of a socialist, so I think it is tasteless in the extreme to be wearing a $100k watch (even a $40k watch to be honest) or driving a $100k car when that cash could be used to help needy people or the environment. I know this isn't going to be the most popular reponse on a watch forum dominmated by Americans but there you go, I said it!

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    Re: Prices of watches are out of control

    I just do not see how a watch can cost that kind of money.
    The majority of the part are machine made, (most are I guess "stock" parts), and the very few parts that are truly handmade can still not justify such a price.
    $100 000 - OK, but more?
    JLC sells a Tourb for what, $ 35 000?
    What is the difference between the JLC and a $500 000 watch?

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    Member polishammer's Avatar
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    Re: Prices of watches are out of control

    I disagree, if you have enough $$ to buy one of those watches, more power to you. Remember, many, many people will consider what we are wearing, collecting and discussing here on daily basis as excessive. Do you really need more than one watch?
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    Re: Prices of watches are out of control

    Watches are luxury goods.

    A characteristic of luxury goods is that price and exclusivity are prominent features of the pinnacle of these goods.

    Is exclusivity the reason for outrageous prices, or are outrageous prices the reason for exclusivity? When it comes to luxury goods, this question is like the question, which came first, the chicken or the egg.

    For the ultra rich, prices being out of control is probably a lot of the allure. Being able to afford this stuff, helps more clearly separate themselves from those who are just rich.

  7. #6
    V8
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    Re: Prices of watches are out of control

    Quote Originally Posted by jason_recliner View Post
    Couldn't agree more. Not just from a pragmatic value-for-money POV, but also ethically. I'm a bit of a socialist, so I think it is tasteless in the extreme to be wearing a $100k watch (even a $40k watch to be honest) or driving a $100k car when that cash could be used to help needy people or the environment. I know this isn't going to be the most popular reponse on a watch forum dominmated by Americans but there you go, I said it!
    So first you assume people who buy real big dollar watches don't help out the needy with their other wads of cash and then you assume us Americans won't think your response is a good one, nice.

    Funny that in socialist societies it is only government officials with the 100K watches and 100K cars. Interesting how that works eh?

    I think it is great most of us are free to earn as much as we want and spend it as we wish.
    Last edited by V8; March 25th, 2009 at 06:39.


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    Re: Prices of watches are out of control

    plonking 100k or more on a watch, is no differnt to me from anyone plonking 700k on a ferrari..

    there are tools that can get the job done, for a fraction of the price, but then, if everyone subscribed to that notion, we would all be driving toyotas and flying economy...

    the fact is, those who can afford will.. thats the way things always have been. dont see any reason to lose sleep about it.

    by the same token, to the very very poor in say africa, even the 5k u spend on an omega, is more than a lifetimes earning.
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    Re: Prices of watches are out of control

    Quote Originally Posted by V8 View Post

    Funny that in socialist societies it is only government officials with the 100K watches and 100K cars. Interesting how that works eh?
    Very simple. Everybody is equal. The ones belonging to Party are much more equal than the rest of the Proletariat.
    Was not Brezhnev a great collector of decadent sports cars?

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  10. #9
    Member P. Loatman's Avatar
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    Re: Prices of watches are out of control

    You're forgetting this:

    http://www.gemnation.com/watches/Vac...Ille-1177.html

    It is a very complicated watch, but still i have to wonder how much goes into the production of one. If it were like what Volkswagen did with the Veyron then i would understand, but if it costs V&C something like 200k to make one of these then i wouldn't be able to justify it going for 2.5M.

  11. #10
    Member katmando's Avatar
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    Re: Prices of watches are out of control

    My price range, which is far below 100K or even 40K prevents me from worrying about spending too much $$. I already have. I try not to judge what others buy. That's up to them. I rarely look at other's watches and never am in places where people wear 100K timepieces or drive cars over $25k, so it makes no difference.

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