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Old 12-08-12, 12:20 PM   #1
genec
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Watches that cost over $100,000 US... really?

OK so I have seen this ad... and was curious... so I went to the web site and found the watch... $124,000...

Then I looked around a bit more, and found another... $235,000. And get this... "manual wind."

http://www.luxurybazaar.com/items/it...O1205ST01.html

Really? I mean really?
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Old 12-08-12, 12:27 PM   #2
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I've seen them for $400,000+. Kind of makes those $10,000 bikes look like a bargain.

Here are some multi-million dollar watches.

http://www.bornrich.com/entry/patek-...nsive-watches/
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Old 12-08-12, 12:29 PM   #3
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I've seen them for $400,000+. Kind of makes those $10,000 bikes look like a bargain.
Exactly. For the life of me I cannot envision the materials, or labor that would make a watch come close to that price. Perhaps each and every piece of the watch is hand carved out of a huge block of material, and the watch owner is paying for the scrap.
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Old 12-08-12, 12:32 PM   #4
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Exactly. For the life of me I cannot envision the materials, or labor that would make a watch come close to that price. Perhaps each and every piece of the watch is hand carved out of a huge block of material, and the watch owner is paying for the scrap.
Nope, mostly it's the name. Plus, watches are the only product I can think of that become more expensive based on how intentionally "complicated" they are.
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Old 12-08-12, 12:38 PM   #5
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They got jewels and stuff in them.
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Old 12-08-12, 12:50 PM   #6
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They got jewels and stuff in them.
Something that small has no where near the weight of jewels to equate to the price. The one watch I posted isn't even gold.

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The Royal Oak Tourbillon - case in stainless steel - is an exceptional timepiece, primarily because of its complications.
It has a 1 minute Tourbillon located at the 6 o'clock position, and a 30 minute chronograph / stop-watch function.
The chronograph is fitted with a titanium lever which gets rid of the “jumping chronograph hand” issue.
The Audemars Piguet Royal Oak Tourbillon Chronograph is animated by a manually wound movement whose balance wheel beats at a pace of 21,600 vibrations per hour.
The Tourbillon completes a single rotation each hour, as its cage bears the balance wheel, and the components of the escapement.
This is basically FU jewelry.
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Old 12-08-12, 12:55 PM   #7
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BTW in case anyone wonders... http://en.wikipedia.org/wiki/Tourbillon

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In horology, a tourbillon (play /tʊərˈbɪljən/; French: [tuʁbijɔ̃] "whirlwind") is an addition to the mechanics of a watch escapement. Developed around 1795 by the French-Swiss watchmaker Abraham-Louis Breguet from an earlier idea by the English chronometer maker John Arnold, a tourbillon aims to counter the effects of gravity by mounting the escapement and balance wheel in a rotating cage, to negate the effect of gravity when the timepiece (and thus the escapement) is stuck in a certain position.

Originally an attempt to improve accuracy, tourbillons are still included in some expensive modern watches as a novelty and demonstration of watchmaking virtuosity. The mechanism is usually exposed on the watch's face to show it off.
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Old 12-08-12, 01:04 PM   #8
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BTW in case anyone wonders... http://en.wikipedia.org/wiki/Tourbillon
What's funny is that the video in that link is a Stuhrling watch. I have a Stuhrling Automatic. They cost about $100. So you have million dollar watches bragging about unnecessary technology that exists in El Cheapo brands. Awesome.
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Old 12-08-12, 01:09 PM   #9
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There's one born every minute. Wealth ≠ common sense
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Old 12-08-12, 01:36 PM   #10
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There's one born every minute. Wealth ≠ common sense
The idea is that these are not meant to be worn. They are considered investments. I guess if you can afford to buy a $500,000 watch and sell it later for $600,000, that is a good investment. But yes, a bunch of rich a$$holes wasting money on dumb things. It's right up there with "fine art".
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Old 12-08-12, 02:38 PM   #11
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This is basically FU jewelry.
Yes it is. Answered your own OP, didn't you...?

The bigger watches are also compensation devices, like red sports cars, trophy wives, and Cervelos.
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Old 12-08-12, 02:46 PM   #12
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yes it is. Answered your own op, didn't you...?

The bigger watches are also compensation devices, like red sports cars, trophy wives, and cervelos.
boom!
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Old 12-08-12, 03:35 PM   #13
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I see from the listing that the dial color is described as 'blue waffle'. I sure as heck don't want that on my wrist.
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Old 12-08-12, 03:48 PM   #14
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Originally Posted by pgjackson View Post
I've seen them for $400,000+. Kind of makes those $10,000 bikes look like a bargain.

Here are some multi-million dollar watches.

http://www.bornrich.com/entry/patek-...nsive-watches/
This one is only $25,000 from the link. I would never pay that for a watch, even if I could afford it. Need to find one that looks like it because it is beautiful.
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Old 12-08-12, 04:21 PM   #15
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This one is only $25,000 from the link. I would never pay that for a watch, even if I could afford it. Need to find one that looks like it because it is beautiful.
I've got one that looks like this:



But it's a knockoff I bought in China for about $35... and was told later I totally got ripped off on the deal.
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Old 12-08-12, 04:33 PM   #16
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I have trouble envisioning a $200k watch, and I'm actually a watch collector. I've owned and worn Rolexes in the past but not at the present time. I sometimes wear an Omega that is very much less expensive than the average Rolex, but I also wear Seikos that are closer to the $100 point.

I suppose people can spend as much on luxury items as they want, if they have the money to spend. I have looked at macro photos of watch movements that are incredibly well made. I honestly don't know how they can get that level of craftsmanship on very small items like that. Sturhling was mentioned, that isn't even a real watch brand. They buy the absolute cheapest watches they can and then put their name on them. You won't find a Tourbillon in a $100 watch, and if you look at the movements in a Sturhling you will think that Chinese kids made them with stone axes. Of course in my mind this means that a watch with a Tourbillon and very fine craftsmanship should sell for something like $5k, not $200k. There is something magic about the AP brand, and a few others such as Patek Phillippe, that allows them to add another zero on the end of the price. I suppose if you were owner of a corporation with your worth near 10 figures, you wouldn't to be at a meeting with your underlings and find out that you were wearing a $10k watch and one of them was wearing a $20k watch, so you buy a $200k watch.

Right now I'm wearing a $50 Luminox quartz.
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Old 12-08-12, 04:55 PM   #17
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. But yes, a bunch of rich a$$holes wasting money on dumb things. It's right up there with "fine art".
Material value is not intrinsic value.
Art is worth what someone will pay for it. What they are valuing is their appreciation of the object, not the object itself.
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Old 12-08-12, 04:59 PM   #18
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And they don't keep better time than my cheapo flip top cell phone. I really don't like the 'you get what you pay for' quote that people post all over the place. This is a nice counter example.

As far as an investment goes, that is a risk and you never know which way it will go.
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Old 12-08-12, 05:25 PM   #19
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They got jewels and stuff in them.
and the UPS guy would just leave it on the front porch
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Old 12-08-12, 05:49 PM   #20
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Originally Posted by bjtesch View Post
I have trouble envisioning a $200k watch, and I'm actually a watch collector. I've owned and worn Rolexes in the past but not at the present time. I sometimes wear an Omega that is very much less expensive than the average Rolex, but I also wear Seikos that are closer to the $100 point.

I suppose people can spend as much on luxury items as they want, if they have the money to spend. I have looked at macro photos of watch movements that are incredibly well made. I honestly don't know how they can get that level of craftsmanship on very small items like that. Sturhling was mentioned, that isn't even a real watch brand. They buy the absolute cheapest watches they can and then put their name on them. You won't find a Tourbillon in a $100 watch, and if you look at the movements in a Sturhling you will think that Chinese kids made them with stone axes. Of course in my mind this means that a watch with a Tourbillon and very fine craftsmanship should sell for something like $5k, not $200k. There is something magic about the AP brand, and a few others such as Patek Phillippe, that allows them to add another zero on the end of the price. I suppose if you were owner of a corporation with your worth near 10 figures, you wouldn't to be at a meeting with your underlings and find out that you were wearing a $10k watch and one of them was wearing a $20k watch, so you buy a $200k watch.

Right now I'm wearing a $50 Luminox quartz.
I have a Stuhrling Automatic skelaton. It's beautiful. You can see all the movements. Can't tell the difference between it and a $75K Patek I saw at Tiffany's a while ago.
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Old 12-08-12, 05:50 PM   #21
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I really don't like the 'you get what you pay for' quote that people post all over the place. This is a nice counter example.
In some ways that is an apples/oranges comparison. A person could say that their POS $500 car is faster than your $10,000 bike which is also not a valid comparison. An apples to apples comparison would be that the very expensive mechanical watch would be more accurate than your $5,000 Rolex, which in turn would be more accurate than your $100 Seiko. Or another comparison would be that your expensive quartz watch (I don't even know which luxury brands make quartz) would be more accurate than your Citizen or Seiko quartz, which would be more accurate than your cheapo that you bought for $5 at Walmart.

I mostly wear mechanical watches, because I like the mechanisms, and I don't worry so much about how accurate they are. I also like nice bicycles, if I was interested in going fast I would buy a cheap motorcycle.
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Old 12-09-12, 12:17 AM   #22
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Originally Posted by clemsongirl View Post
When price is commensurate with artistry, materials, time, knowledge and passion then I can see the value. Philippe Dufour is a master watchmaker working out of a small house in a Swiss village. His life long knowledge, talent and the simple beauty in the design and technique of his handmade time only watches are worth more than the egocentric expression of the individual price ranges of some of the brands mentioned in this thread. When you could get on his wait list you could get one of his watches in the upper 5 figure range. Not that I would spend that much on a watch but after learning about Dufour’s life and work ethic I can see the value he places on one of his wonderful watches and I can see it as reasonable. I’m sure there are more watchmakers like him.
What a load of crap.
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Old 12-09-12, 02:19 AM   #23
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I think it's fantastic that when people get rich they have a desire to show how rich they are by buying overvalued stuff. Every sensible product manufacturer has an "exclusive" model just for the dude who thinks he has to have "the best". Suckers !!! Of course I'd like to have wealth but I am quite confident I would be keeping it for stuff worth having.

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Old 12-09-12, 09:57 AM   #24
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Material value is not intrinsic value.
Art is worth what someone will pay for it. What they are valuing is their appreciation of the object, not the object itself.
Art has a certain intrinsic value due to it's limitation... most art is one of a kind. These watches may be limited edition, but there is more than one.
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Old 12-09-12, 01:33 PM   #25
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How much is a new Richard Sachs bicycle going for these days?

How much for the directly comparable Surly Pacer...?
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