"wristwatches are international portable currency"

Poll: How do you view your watch collection

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Thread: "wristwatches are international portable currency"

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  1. #1
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    "wristwatches are international portable currency"

    Not another your income vs your watch posting :)

    In the current issue of Fortune magazine, there's an article on watches.
    It seems that the watch-collecting hobby has become very popular
    recently and there's a small section titled "An asset class that ticks".

    (There's also some funny business mentioned that hinted at taxation
    issues, which I can't believe that somebody would say it in the open.)

    I'm wondering how many of you view your watch collection as an
    appreciating investment?

  2. #2
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    Re: "wristwatches are international portable currency"

    For me it's "it's a piece of jewelry that if it kept value would be great but I don't buy jewelry for value."
    Current Collection - | Ball | Bvlgari | Casio | Citizen | Credor | Girard-Perregaux | Graham | Gübelin | Hamilton | Jaeger-LeCoultre | Longines | Minase | Mühle Glashütte | NOMOS Glashütte | Omega | Rolex | Seiko | Undone | Vacheron Constantin | Victorinox Swiss Army |
    Mulling Over - | Minase Horizon | Reservoir |
    On deck - | Omega Speedmaster Apollo 11 50th Anniversary |

  3. #3
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    Re: "wristwatches are international portable currency"

    I should clarify "flies under the radar" to mean government radar, e.g. divorce, tax, gift/xfer of wealth, movement of money/internationally, etc.
    I.e. watch as a tool for specific purpose.

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  5. #4
    Member CADstraps's Avatar
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    Re: "wristwatches are international portable currency"

    Thats a ridiculous proposition. With some very anomalous exceptions, watches generally depreciate quickly; the moment you walk out of the store with them. Just like with new cars, as soon as you drive them off the lot.

    Just like with a new car, everyone should do it once or more, but not as an investment.

    Commodioties will likely always be commodities, so if you buy a gold watch, the value of the gold will hold or improve, but take the value of the gold in your watch and weigh it against the price you paid for the watch - you'll soon see that gold will need to start doing a lot better, and soon, in order for that investment to pay off.

    I buy watches because I like them, and the thought of later selling them never really crosses my mind. I buy what I can afford, not something out of my means justified because I might be able to recoup some of the money back down the road. Maybe I'm the minority there, but I don't see how watches are a great, or even a good investment.

    If you happen to come across a cigar box full of antique Rolexes at a garage sale one day for $10 a pop, invest away.
    c0sin and smuggled_sheep like this.
    Influence is like the wind...

  6. #5
    Member squirelrepublic's Avatar
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    Re: "wristwatches are international portable currency"

    I think watches is an investment if ur really rich (so that you can afford ultra high end collector pieces), if u are just another average joe buying another speedy or seikos it would be just another expenses (depreciation + services) ....
    "Put .... A ... Grand ... On... It !"

  7. #6
    Member sticky's Avatar
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    Re: "wristwatches are international portable currency"

    My collection is anything but an investment. The one exception to this is my DJ. It's worth nearly as much now as it was 20 years ago. In all that time it has also been "cash on my wrist" as I could sell it and get my money (a good chunk of it anyway) back on it at any time

  8. #7
    Member Fordham-NY's Avatar
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    Re: "wristwatches are international portable currency"

    Brands like Rolex maintain their value very well and are easy to convert to cash: pawn. They have international appeal. You can carry a significant amount of money in a watch, solid gold, diamonds. Probably not enough to cash it in and go start a new life, but enough to get out of a jam-so a few thousand dollars.
    ..............Rolex
    Omega
    Breitling TAG Heuer
    Seiko Citizen G-Shock



  9. #8
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    Re: "wristwatches are international portable currency"

    I don't see it as an appreciating investment but I have heard of people using watches as a means to move huge amounts of cash across borders.
    Last edited by mew88; June 20th, 2014 at 06:31.

  10. #9
    Member Strange's Avatar
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    Re: "wristwatches are international portable currency"

    I am Dyslexia of Borg. Futility is resistant. Your ass will be laminated.

  11. #10
    Member Domo's Avatar
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    Re: "wristwatches are international portable currency"

    My watches are the opposite of an investment.
    *El Ocho 1* likes this.

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