Watches - another OCD problem
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I've been wondering for awhile if the bubble was going to burst on vintage watches. I feel like quite a bit of the vintage scene is being pushed by the hipster crowd.
Perhaps the bubble will burst when their watches begin to die an awful death and they have to pay an exorbitant amount of money for a service.
I still think that the sub $700 market is the market that has the most potential to increase in value beyond hype. JDM Seikos that are discontinued continue to raise in value, where most watches other than Rolex have trouble holding their value altogether. The Seiko Alpinist was up in value not long ago, and Hodinkee's release of their limited blue model sold nearly instantaneously. -
I think that I've posted this article before on watch flipping.
The vintage watch bubble is probably another manifestation of the everything bubble. Interest rates have been at zero for most of the past decade, along with Quantitative Easing, and that's driven the prices of pretty much any asset into the stratosphere.
I don't know how long it'll last. Property prices are starting to trend downwards in several property markets (London, Sydney, possibly LA and SF), so it might be sooner rather than later.
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If we see a global economic downturn, perhaps things will change, but at least on the Rolex front, unless they address their supply and distribution channel issues, I don't see why it would. There are so many people and not enough watches.
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The problem with this article is that it positions watch collecting as an investment. This is a horrible way to look at what is a perfectly fine, if expensive, hobby.
Agreed. When people start looking at watches as "assets", bad things happen.
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… another manifestation of the everything bubble. Interest rates have been at zero for most of the past decade, along with Quantitative Easing, and that's driven the prices of pretty much any asset into the stratosphere.
So much to unpack in this statement, with which I agree 100%.
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Definitely wise to try it on before purchase. I found that the lugs on this beast hung over my wrist.
That's why I want to try one on. I don't have large wrists but I usually wear a gigantic Seiko diver, so I think the downturned lugs and the size across the wrist of the BP might work, as it's surprisingly reasonable in that dimension and the strap goes straight down from the lugs. I wish there were a boutique near, I may try to hit a jeweler in Dallas Monday to try one on while I'm there. I had hoped there would be one while I'm fishing in Cabo next month but it looks like Cabo and Mexico City are the only places in MX.
I don't care for the Bathyscaphe so it's either this or back to other options on my list.
Thanks gents.
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I took a look in an Omega boutique today, and found the new Seamaster Diver 300M in black ceramic on display.
It's quite a big watch, at 44 mm, but the ceramic case makes it pretty light, and it's relatively slim. There's also no date window to sully the dial, or strain @mclaincausey's presbyopia.
The local price is $10,875 (Australian), which seems a bit rich compared to the standard, steel model at $6,375. I'd like to compare it side-by-side to a Rolex Submariner. (Down Under a no date Submariner is $9,900, whilst the date model is $11,300 or $12,000 for the Hulk.) I always think that the Seamaster makes a lot of sense versus a Tudor Black Bay ($3,910 for a Fifty Eight), but don't know how it compares to its big brother.
@louisbosco would say Submariner, of course.
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believe it or not, I like the date complication, unlike so many. In fact, I think most people do like it, just not among the watch nerd community. But yes, particularly the ones Omega does at 6 o'clock, seem small. I'm getting to where I hate the cyclops less.
I really love that watch. Not crazy about the dial, and you know how I feel about the He valve, but it is still beautiful and a technological marvel. I think it looks best on that rubber versus a NATO strap.
I'd still lean towards a gently used BP FF as the better dive watch value. Great movement with 5 day PR, anti-magnetic, timeless beauty that can dress up or down, lumed bezel, about the same or less money than a used Sub, much fewer of them produced and thus much more unusual, arguable superior pedigree of the brand and model, and each is made by a single watchmaker.
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I like that one a lot, but that's a hell of a premium over the steel version. Plus, I think that model looks best in blue. Maybe a blue ceramic case Seamaster will come down the pike eventually, to go with that blue Planet Ocean from a couple of years ago.
And although the redesigned HEV is better, it remains functionally pointless and ugly. Still hate it less than Rolex's date magnifying pustule, though.
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I saw a Fifty Fathoms Big Date in a shop window today, so figured that I had to take a closer look for @mclaincausey . It's a tough job, but someone's gotta do it.
It's a big watch with a 45 mm diameter. The case is titanium, so not too heavy, and has a lovely profile. You can't see it that clearly in this photo, but it curves down towards the back, where it's been engraved with Blancpain.
Finishing is probably a step up from something like a Rolex. For example, the case is probably machined rather than stamped. But it's not as fine as a Patek.
I also saw a Ulysse Nardin Torpilleur with a blacked out case. I didn't know they came in this colour, and it was a pretty cool watch.
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I saw a Fifty Fathoms Big Date in a shop window today, so figured that I had to take a closer look for @mclaincausey . It's a tough job, but someone's gotta do it.
It's a big watch with a 45 mm diameter. The case is titanium, so not too heavy, and has a lovely profile. You can't see it that clearly in this photo, but it curves down towards the back, where it's been engraved with Blancpain.
Finishing is probably a step up from something like a Rolex. For example, the case is probably machined rather than stamped. But it's not as fine as a Patek.
Much obliged, @Graeme ! As much as my eyes would appreciate a larger date, I still really love the main line most, including the dial as well as the polished case. The lumed, white gold Arabic indices are just so attractive that 4 is better than 1. I guess as my vision deteriorates further I can either see the date with bifocals or just let the complication vanish
What I do today is wear a weaker prescription of contacts, compromising acuity at distance (I still see plenty fine) for the ability to see things up close. That has allowed me to put away the cheaters for now. -
Man, I love the big date complication. Is the Blancpain polished titanium? It's a bit hard to tell with the plastic wrap on, but it looks good, nonetheless.
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Man, I love the big date complication. Is the Blancpain polished titanium? It's a bit hard to tell with the plastic wrap on, but it looks good, nonetheless.
Brushed, I think all FF cased in Ti are. I'm not even sure what polished Ti would look like, but it would be a scratch magnet. Might form an interesting patina though.
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I like that one a lot, but that's a hell of a premium over the steel version. Plus, I think that model looks best in blue. Maybe a blue ceramic case Seamaster will come down the pike eventually, to go with that blue Planet Ocean from a couple of years ago.
And although the redesigned HEV is better, it remains functionally pointless and ugly. Still hate it less than Rolex's date magnifying pustule, though.
I’m having an HEV tattooed on my left wrist so all my watches have it to make you crazy
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And I'm only going to buy watches in titanium, then I'm going to scratch them excessively, just to make your head explode.
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Titanium with a HEV? You need the Omega Seamaster in titanium, tantalum, and Sedna gold.
It's not got a date window, which might cause @mclaincausey some distress too. :o
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If they made a bronze flieger with no seconds hand, a He escape valve, on a pin and collar bracelet with fake rivets, a bronze relief count down bezel, a distressed dial with faux aged lume, and a cyclops over a roulette date, with at least 5 lines of text, in 45+mm, I think I might have a stroke.
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That's actually not bad. The Sedna gold kinda looks like bronze in that pic, which I like. Not loving the bracelet, though. Looks a bit Micheal Kors/Burberry/Gucci to me.
