Watch Thread - Part Deux

Discussion in 'The Mainboard' started by Jorts, Apr 12, 2015.

  1. dblplay1212

    dblplay1212 Well-Known Member
    Donor TMB OG
    Alabama Crimson TideNew York YankeesJacksonville JaguarsSneakers

    I've seen a lot of videos on the "New Rolex 3 watch per year rule!" Like is that really going to do anything? Wouldn't the dealers selling 5 watches a month to resellers just put them in different names?

    I wish Rolex would just let you order a watch and tell you it'll be received within 36 months or something like that. Just ordered a Jeeo and they told me 5-6 months. It would be longer with Rolex but at least you'd know.
     
    Lawnole23 likes this.
  2. BrickTamland

    BrickTamland You're not Ron...
    Donor
    Florida State Seminoles

    You sound like a jilted lover today, dbl.
     
    dblplay1212 likes this.
  3. dblplay1212

    dblplay1212 Well-Known Member
    Donor TMB OG
    Alabama Crimson TideNew York YankeesJacksonville JaguarsSneakers

    Very much so.
     
  4. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    He flaked & wants more time to “think about” selling it…
     
  5. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    I hope it’s calendar year, otherwise I’m at my 12 month limit :smug:
     
    dblplay1212 likes this.
  6. dblplay1212

    dblplay1212 Well-Known Member
    Donor TMB OG
    Alabama Crimson TideNew York YankeesJacksonville JaguarsSneakers

    :chatzy:


    Kidding, that sucks. Good looking watch.
     
  7. ScFan27

    ScFan27 Well-Known Member

    He probably googled what they are selling for and decided to not take a $9k haircut.
     
  8. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    Perhaps. They aren’t selling for that though, from private sellers
     
  9. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    Bob’s offered me $7200-7500 depending on condition
     
  10. ScFan27

    ScFan27 Well-Known Member

    This is something I don’t get. How can gray market sellers offer a pre-owned watch for $10k (per Bob’s) online but buy it for $7,500? Where does that spread come from?
     
  11. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    They "authenticate" it... & I'm not positive they are actually selling many of watches advertised online
     
  12. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    I priced this one up on Chrono24, as they have a "price suggester" function to aid sellers, with listings. Based on this watch being kept in a safe for 13 years, with plastic still encasing the watch & bracelet, with all papers... they suggested $13-14k.

    My wife told me, "You should have taken it when you had it in hand".

    I rolled my eyes as she would have crucified me, if I bought another Rolex without mentioning it to her 1st
     
  13. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    That said, she just gave me the green light to do so in the future. So I'll chalk that up as a HUGE win.

    If he completely backs out, I’ve already decided I’m going to grab something else in It’s place… Likely an IWC/GS, as I already made space.
    F45C65F8-2F39-4D9C-9C8E-44813144BEDB.jpeg
     
    #3263 Jorts, Jul 15, 2021
    Last edited: Jul 15, 2021
  14. ScFan27

    ScFan27 Well-Known Member

    Hell of a collection. Which IWC are you thinking about? I’m a fan of their watches but at that price point my next purchase will be a Rolex.
     
  15. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    Probably one of their pilot watches. I love their Portugieser, but have no need for 3 Chronographs in my collection (Daytona incoming)
     
    ScFan27 likes this.
  16. dblplay1212

    dblplay1212 Well-Known Member
    Donor TMB OG
    Alabama Crimson TideNew York YankeesJacksonville JaguarsSneakers

    I want to have beers with Benjamin Clymer.
     
    gopack2104 likes this.
  17. Hokeamania

    Hokeamania New username needed.
    Michigan WolverinesBoston Red SoxNew England PatriotsManchester CityHarvard Crimson

    Fuck. Lost two auctions I had my brother bidding for me, either of which I would've loved to hit. A 15407ST and (or) a 15407OR. Not really a gold watch kinda guy, but that rose gold fucks.

    AP.png
     
  18. user15000

    user15000 Well-Known Member

    Because I have no idea and googling gets wildly different results. What do these retail for? And what do they go for at auction?
     
  19. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksTampa Bay BuccaneersOrlando CityLazio

    Not a fan of skeleton watches but those APs are :chefskiss:
     
  20. slogan119

    slogan119 Her?
    Donor TMB OG
    Florida State SeminolesChicago CubsReal Madrid

    Eventually Rolex will go “boutique only” to stop the flipper shenanigans. But really, 3 per year is plenty for people.
     
  21. slogan119

    slogan119 Her?
    Donor TMB OG
    Florida State SeminolesChicago CubsReal Madrid

    Authentication
    Quick check and service to the movement
    Testing
    Fees (listing, credit card processing, shipping)
    Commission
    Profit

    Plus warranty service if there are issues over 1-2 years, depending on company and warranty.
     
    ScFan27 likes this.
  22. dblplay1212

    dblplay1212 Well-Known Member
    Donor TMB OG
    Alabama Crimson TideNew York YankeesJacksonville JaguarsSneakers

    They could just sell them themselves and keep all the money. Nike is moving more and more towars direct to consumer. I know next to nothing about watches so there may be some stuff I'm missing.
     
  23. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    Speak for yo self
     
  24. Ball Gag Giorgio

    Ball Gag Giorgio do you like being chief of police?
    Donor

    This presents a lot of risk in inventory. Especially on the dogs in the collection. The watch market wasn’t always this hot. 7 years ago you could routinely pick up new watches for below RRP.
     
    dblplay1212 likes this.
  25. Hokeamania

    Hokeamania New username needed.
    Michigan WolverinesBoston Red SoxNew England PatriotsManchester CityHarvard Crimson

    Steel went for $160 and RG for $224. Both were full sets, steel mint and RG a 9/10. Retail is $58 and $87, but this was a dealers auction so there was apparently a slight profit as the purchaser had a buyer lined up.

    I had mentioned liking this model a few weeks ago to my brother, who wisely hooked me into this auction to up his presence in the wholesale group. I buy to wear and not flip, so I just listened to him on that one. It was an interesting experience, but I just gave him a max authorization for both pieces and directions NOT to but both. :laugh:
     
    slogan119, user15000, Jorts and 2 others like this.
  26. ScFan27

    ScFan27 Well-Known Member

    Omega is apparently not allowing dealers to provide discounts as of August 1st?

    Also, WSJ just published an article about buying a luxury watch for first timers.

    Want to Buy a Luxury Watch? Read These 7 Pro Tips First
    Navigating the luxury watch market can seem complicated—but it needn’t be. Here, insider advice for procuring the high-end ticker of your dreams, without getting ripped off.

    By


    Jessica Iredale

    July 16, 2021 9:03 am ET


    PERHAPS YOU’VE hit a milestone—a new job, an anniversary, a first pregnancy. Perhaps you’ve stumbled upon a watch enthusiast’s Instagram feed and are intrigued. Perhaps you’ve simply looked down at your naked wrist and thought, ”Something’s missing.” Whatever the reason, you’ve resolved to buy a watch. A nice one. Not an Apple Watch or a Swatch—not that there’s anything wrong with them—but something that requires a sizable budget and a commitment. But where to begin?

    To make a bad watch joke, it’s more complicated than you might think.

    “There are so many facets to buying a watch,” said Paul Boutros, head of Americas for watches at Phillips auction house. “Whether you choose vintage or modern, it could seem like you have to figure out how to climb Mount Everest when you’re starting.”

    ‘There are many facets to buying a watch. It seems like you have to figure out how to climb Everest when you’re starting.’

    Mr. Boutros recommends first deciding on a brand, then a model—both choices that require serious research. Reliability is paramount, but understanding what each timepiece telegraphs is also key. If you project an implausible mix of outdoorsiness and sophistication—or wish you did—a luxe dive or sports watch might be for you. If you’re a glamorous type who’s back on the gala circuit, a watch dripping in diamonds could prove most “functional.” If your personal brand is timeless chic, the Cartier Tank collection is up your alley. Omega’s Speedmaster, meanwhile, “kind of marks you as someone who likes watches,” said Adam Craniotes, co-founder of RedBar, a watch-enthusiast platform, even if it doesn’t carry the hype of a Rolex Daytona or Submariner. The Speedmaster was the watch worn on man’s first trip to the moon, immortalized in Ron Howard’s 1995 film “Apollo 13,” and is now favored by President Biden. Ultimately, your watch will be a matter of individual preference, and the website Hodinkee, a popular watch-lover’s platform, is a good place to glean essential information during your search.

    But even if you select a timepiece from the tippy-top tier of heritage Swiss watch houses—like Rolex, Audemars Piguet, Patek Philippe, Omega, Vacheron Constantin—you can’t always proceed without understanding the workings of the insular horologic world. For example, one cannot simply waltz into any authorized dealer (AD) and walk out with the most popular models, which include the Rolex Submariner and Daytona, the Patek Philippe Nautilus and the Audemars Piguet Royal Oak. A combination of hype economy and Swiss supply machinations has made these stainless-steel sports watches the ultimate luxury flex, nearly impossible to get firsthand. Wait lists are epic and are reserved for those who have relationships with the house or the AD. “If you don’t have a history of purchasing with them, you’re just putting your name down. They’re not putting you on the list,” said Mr. Craniotes. The demand for these enviable timepieces has spiked on the secondary (resale) market.

    [​IMG]
    THE BIG TIME Five classic watches worth a splurge. From left: Reverso Tribute Nonantième, $40,500, jaeger-lecoultre.com; Datejust 36, $8,550, rolex.com; Tank Louis, $10,700, cartier.com; Calatrava, $40,810, patek.com; Royal Oak ‘Jumbo’ Extra-Thin, $105,400, audemarspiguet.com.

    PHOTO: SUZANNE SAROFF FOR THE WALL STREET JOURNAL; SITTINGS EDITOR: JESSICA GIBBS

    The list price of the Nautilus 5711, a basic (but in-demand) three-hand watch with a date function and stainless steel case—no precious metals—is about $30,000, “a lot of money, let’s be honest,” said Mr. Craniotes. “If you want to buy one tomorrow, you can expect to pay close to $100,000, and that’s on the secondary market…you can’t get one through a dealer.”

    SHARE YOUR THOUGHTS
    What are you looking for in your next watch? Join the conversation below.

    The secondary market consists of outlets like eBay and Crown & Caliber, an online platform where individuals and dealers can buy and sell luxury watches. Then there’s the gray market—for example, the Diamond District on 47th Street in Manhattan, which, in some respects operates like an old-world bazaar full of unspoken rules (think “Uncut Gems”). Of course, it’s possible to find a stellar timepiece there, but it’s also tricky territory for novices to navigate, so watch insiders recommend that only watch insiders go gray.

    ADVERTISEMENT - SCROLL TO CONTINUE
    When it comes to watch-world tips, that’s just the beginning. For instance, it’s important to be versed in leading auction houses like Phillips; hot new watch brands, such as Ming, which launched in 2017 out of Kuala Lumpur; and hot independent brands, like F.P. Journe, named for founder François-Paul Journe, who has earned a reputation as a mercurial maestro.

    Sure, there’s a lot to learn—but we’ve assembled a cheat sheet. Here, seven tips to help you find your next top-notch ticker.

    Make Friends at Your Chosen AD
    Despite having a name that brings to mind duty-free shopping, Watches of Switzerland is one of the best ADs going, along with Wempe. These international stores’ salespeople are extremely knowledgeable, can guide you toward alternatives to big houses’ most sought-after models, and educate on fancy complications such as perpetual calendars. The watch business is a relationship business steeped in tradition and in-person exchanges with champagne and such. Become friendly with your salespeople at a big AD—that could be as simple as staying in touch after buying your starter watch or popping in now and again to see new models. They can help you navigate wait lists (especially the aforementioned epic ones) and other watch-world esoterica.

    Don’t Be Intimidated by Watch Auctions
    Any notion of auctions’ being an elitist event for the super rich is “a misconception,” said Mr. Boutros. He noted that most Phillips auctions are open to the public and do not require tickets for in-person attendance. And at some auctions, he said, opening bids can start as low as $500. Phillips sources worthy watches at nearly all price points. “We often are seeking the best of the best from those lower-priced models that we personally would buy ourselves,” said Mr. Boutros. The first step to buying a watch at auction is simply knowing when the auctions are—information that’s readily available online. There are two seasons for Phillips’s live auctions, spring and fall, with live events held in Geneva and Hong Kong in May, June and November and a once-a-year special sale in New York in early December. The watches go on tour in the lead-up so potential clients can see them, handle them, get a sense of their condition and ask questions. All watches are supremely vetted, so clients can rest easy.

    [​IMG]
    How an economic principle called the ‘snob effect’ allows watchmakers to charge sky-high pricesTHE WALL STREET JOURNAL INTERACTIVE EDITION

    If You Bargain Hunt, You’ll Probably Get Screwed
    Don’t look for a deal. Don’t hit the gray market. If you’re buying on eBay or from a secondary dealer, Google the model and reference number and see what established resellers are charging. Fake watches aren’t common, but models that have been damaged, serviced or repaired with new parts (which can depreciate the value) are. Research the seller and verify that the watch is in that person’s possession. Mr. Craniotes suggests asking for a picture of the watch with today’s newspaper (extreme, but also effective). “Any legitimate seller will expect this and will not take offense that you are having them jump through a few extra hoops,” he said. “The second you get a funny feeling or the person’s not responding in the way you want, walk away. There’s another watch for you.”

    ADVERTISEMENT - SCROLL TO CONTINUE
    Switch Things Up With Your Second Watch
    Congratulations. You have your everyday staple and it’s time to branch out. The goal, said Ms. Barrett, is to create “different categories within your collection” while sticking to your aesthetic. Maybe that means investing in a dress watch, such as a Bulgari Serpenti or a Patek Philippe Twenty~4 with diamonds. Or maybe it’s a gold watch with an alligator strap that can be swapped out for one in patent leather or calfskin to change the mood. Don’t be afraid to have some fun with your round-two pick.

    It Never Hurts to Think About Resale
    Even if you plan on passing your watch down to your grandkids, keep your options open. With that in mind, hang on to the original authentication papers and box. Those will add significant value when reselling. Particularly sought-after watches from such houses as Patek Philippe, Audemars Piguet and Rolex can have resale values that far exceed their list prices. You can sell a luxury watch on eBay or to Crown & Caliber or with popular online consignment stores like TheRealReal. That site will suggest a list price, which you can accept or decline. If using eBay, do some googling to find the average cost at resale. You can also trade in your watch at an AD, get something new and pay the difference—kind of like a car, and for around the same price.


    [​IMG]
    ILLUSTRATION: ERRATA CARMONA

    Be Realistic About Your Forever Watch
    “If you have any doubt,
    definitely don’t buy it,” said Cara Barrett, a former editor at Hodinkee and the founder of Parchie, a company that makes children’s watches that she plans to launch this summer. “It’s kind of like a pair of shoes that are a little too small. You’re never going to wear them.”

    To confidently decide what watch will suit you best, Ms. Barrett suggests asking yourself a few questions, like “What’s your budget?”, “Do you want to wear it every day?” and “Are you active?” These queries seem simple, but thoughtful answers will help narrow your search. And being able to clearly relay your needs to salespeople will help them guide you, too.

    ADVERTISEMENT - SCROLL TO CONTINUE
    Ms. Barrett also advises considering your professional environment before you buy—i.e., do you work in an office and, if yes, what’s the culture like? “That will [dictate] how flashy [or] how not flashy you want to be,” she said.

    Other helpful rules of thumb: Go with a timepiece from a Swiss heritage house and buy from a trusted dealer (if not from the house directly) to ensure you have recourse and service options. And always try it on first.


    ILLUSTRATION: ERRATA CARMONA

    To Impress Watch People, Become a Watch Person. Or, Buy a Hot Watch.
    If you want to
    woo the watch set, get on their level. Fall down the rabbit hole, Alice. Take pleasure in researching the matrix of complications—mind-boggling composites of tiny gears that are the essence of timekeeping. Study up on watch-world celebrities like Aurel Bacs, who founded Phillips in Association with Bacs & Russo with his wife, Livia Russo. It will take a while to get indoctrinated.

    Alternatively, you can take a shortcut. Mr. Craniotes recommends buying a watch from F.P. Journe, “the current darling of the indies,” whose prices start at around $16,000. Or you can search the resale market for limited editions—especially those with intricate backstories you can tell during small talk. In this respect, the 2015 Omega Speedmaster Silver Snoopy Apollo 13 45th Anniversary Edition is especially desirable. It honors the Apollo 13 mission’s 45th anniversary and depicts Snoopy and a thought bubble declaring: “Failure is not an option,” a line attributed to Gene Kranz, Apollo 13’s flight director.

    ADVERTISEMENT - SCROLL TO CONTINUE
    Funny thing is, he never said that. Ed Harris did when he played Kranz in the 1995 movie. But Kranz loved it so much that he titled his memoir “Failure Is Not an Option.” Snoopy’s watch-face cameo is a reference to the Silver Snoopy, an award NASA gives for outstanding performance contributing to flight safety and mission success. NASA astronauts on the Apollo 13 mission all received an Omega Speedmaster Professional Chronograph, and it helped save the crew after an oxygen tank ruptured and jeopardized their mission. The 2015 list price was $7,350. Today, it’ll cost you about $50k—if you can find one. Only 1,970 were made, a nod to the year of the mission (and another fun tidbit for chitchat).

    The Wall Street Journal is not compensated by retailers listed in its articles as outlets for products. Listed retailers frequently are not the sole retail outlets.

    MORE IN STYLE & FASHION


    POPULAR ON WSJ.COM

    ©2021 Dow Jones & Company, Inc.
    All Rights Reserved.


     
  27. BrickTamland

    BrickTamland You're not Ron...
    Donor
    Florida State Seminoles

    And that would definitely mean I won’t be buying Omega new anytime after August 1.
     
    SmoochieWallace likes this.
  28. Hokeamania

    Hokeamania New username needed.
    Michigan WolverinesBoston Red SoxNew England PatriotsManchester CityHarvard Crimson

    A bunch of good advice for the most part, then that weird paragraph about trying to impress watch people. That's just awful advice. Though, ending up with a Journe would be a fucking solid play.
     
  29. Hokeamania

    Hokeamania New username needed.
    Michigan WolverinesBoston Red SoxNew England PatriotsManchester CityHarvard Crimson

    Omega's model right now is so fucking weird.
     
  30. BrickTamland

    BrickTamland You're not Ron...
    Donor
    Florida State Seminoles

    Also the whole “decide on a watch brand and model without first being able to put it on your wrist.”
     
  31. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    Best Advice - "Make Friends at Your Chosen AD"

    Just locked my AD in on a killer rate for her refinance... greasing the wheels for my my Daytona.
     
  32. High Cotton

    High Cotton Where does this fall in our Christian walk?
    Donor
    Auburn Tigers

    What was Colin Murakama wearing today?
     
  33. Brandon Chicken

    Brandon Chicken Chow Time
    Donor

    Pretty sure he was wearing a Speedy when he won the PGA. I didn’t get a good look today.
     
  34. High Cotton

    High Cotton Where does this fall in our Christian walk?
    Donor
    Auburn Tigers

    Same 57 Speedy
     
  35. UKupNorth

    UKupNorth Well-Known Member

    Has anyone heard of Waldor & Co. watches? Wasn't familiar with them but saw a dressier watch that caught my eye. Wasn't sure if anyone on here has had experience with them. TIA.
     
  36. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    Anyone have a IWC AD?
    D086B31F-7379-45E7-BF3A-640FBE1993A3.jpeg
     
    dblplay1212 likes this.
  37. ARCO

    ARCO I'm too seasoned homie
    Donor
    Colorado BuffaloesArsenalDenver BroncosDenver NuggetsArkansas Razorbacks

    Steel bracelet for my BB58 just came into the shop today and will be here this weekend.
     
  38. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    Nice collection of GS available

    ED76B25B-3068-4CC1-8CE5-BDA6CC1C17CA.jpeg E83396B7-1AA6-4F3E-9751-380E82C29D29.jpeg
     
    You, slogan119 and BrickTamland like this.
  39. Ball Gag Giorgio

    Ball Gag Giorgio do you like being chief of police?
    Donor

  40. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    Need someone to convince me not to go back & get that IWC Big Pilot 43… what do I need more at a similar price-point.
    BrickTamland sorry GS is a non-starter, for now
     
  41. BrickTamland

    BrickTamland You're not Ron...
    Donor
    Florida State Seminoles

    Ball Gag Giorgio likes this.
  42. Ball Gag Giorgio

    Ball Gag Giorgio do you like being chief of police?
    Donor

    Asked for it the day it came out. So September 2 last year.
     
  43. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksTampa Bay BuccaneersOrlando CityLazio

    Need to see this illuminated
     
  44. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksTampa Bay BuccaneersOrlando CityLazio

    Do you have an IWC in the box?
     
  45. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    Don’t currently own an IWC
     
  46. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksTampa Bay BuccaneersOrlando CityLazio

    upload_2021-7-29_21-18-36.gif
     
    BrickTamland and Jorts like this.
  47. Frankie Carbone

    Frankie Carbone eh che se dice
    Florida State SeminolesNew York YankeesNew York KnicksTampa Bay BuccaneersOrlando CityLazio

    I can pass along the info from the AD I bought my JLC from if needed. See if you can negotiate
     
  48. ScFan27

    ScFan27 Well-Known Member

    I was in a Bremont store the other day, nice pieces, all made to order so very customizable. I also do like the Cartier Santos Dumas. Some different ideas

    Edit: Maybe Blancpain?
     
  49. Jorts

    Jorts "Ask about my Mortgage Services"
    Donor
    Florida GatorsArsenalEngland

    Love Cartier, but don’t think I’d wear it… ruled out Reverso & Tank, as I don’t want a dress watch.

    Appreciate the thought
     
    #3299 Jorts, Jul 29, 2021 at 9:34 PM
    Last edited: Jul 29, 2021 at 9:49 PM
  50. BrickTamland

    BrickTamland You're not Ron...
    Donor
    Florida State Seminoles

    [​IMG]
     
    slogan119 likes this.