I almost bought a stainless AP 15400 for $90K, with an MSRP around $25K ... but instead I bought a VC Overseas 4500V gold form the boutique at MSRP $54.5K by just waiting a year ... well guess what, 2 years later, the Stainless RO went down by 60% and my VC went up by almost 70% and sells for $89-95K now ... and all I had to do was buy the watch I actually wanted, and not the over hyped "investment" watch.
One of the main reasons I use this channel as my guiding light to watches is the love you give all watches. You have macro shots of Orients and Pateks, Seikos and APs. You give them the same spotlight, and are honest about where each fit in a collection. Keep up the amazing work!
True. I get my watches as a sentimental value. Got my first Swiss watch, Tissot when I graduated high school and I recently bought a Longines HydroConquest as an accomplishment getting my dream internship. More on the way as I climb up the ladder.
I am newer to watches, but have been so turned off because of the investment side of it. To each their own, but it's certainly not for me, and it makes me strongly dislike the "investment" watch brands.
It is a shame because it was not like this in the past. It is of course important to note that not all of this is the fault of the brands, but they are not victims here either and customer service has taken a hit. The quest to acquire doesn’t have to be easy, but lack of transparency is not a good recipe in the long run.
@@TeddyBaldassarre Agreed completely. It's not 100% the brands fault. To draw a parallel to my focus, it's not Blue Microphones fault that people misuse the Yeti or Shure's fault that people buy the SM7b without understanding it. Regardless of that it still reflects poorly on the brand and taints the reputation because it is perceived in a negative light now. Just like a misused microphone, watch brands that are discussed as investments are frequently presented in such an off putting way that it's hard to look at them without associating those brands with that type of behavior.
Love the parallel to the audio world! The consumers that use your products are unpaid spokespeople for the brands in a way. Both the good and bad. Thanks for watching, my friend!
I am new to watches myself, want one Rolex OP and that would be enough for me for my Formal wear as I work in a Bank, but I guess getting one at retail is impossible in this lifetime 😀 , better go for Aqua Terra is what I have decided now
I personally love watches and am a huge fan of the art and craftsmanship. I believe that the reason people (including myself) care so much about appreciating value and making it an investment is because watches generally come with a pretty steep price tag and people like to think that they aren’t making a stupid financial decision when they buy a time piece that they like
I think people should consider the investment aspect purely in terms of the return they get from use of the watch, rather than what they can re-sell it for. The same way you’d expect more use from a more expensive but more well made axe. If it stays sharp longer, cuts wood quicker and doesn’t need replacing for a far greater period…the extra expense proved a good investment by way of return of service…not whether you could sell the axe for a profit in however many years.
@@d734-wy8kxif your axe is made by hand from scratch by some god of axes in Japan, pretty sure its value only goes up from there. Supply and demand equilibrium is the key to consider
What I like about you is that you are obviously extremely knowledgable and also that you explore brands that you are not selling yourself. Please keep doing this!
Agree with everything you mentioned in this video. This is why the new generation of watch lovers love you. Well, I do! I love your outlook within this industry & the overall mentality you have when it comes to this engineering masterpieces we all appreciate & love! Great work Teddy! One of the best in the game!👍🏽 keep it up
I loved your POV- made me re think why I’ve hesitated on buying a watch I loved and can afford but didn’t because of the “will it go up in value”. Thank you
I’m really getting turned off at the minute by certain shouty RUclipsrs bragging about their travelling and private jets and watch boasting, the same ones who complain about Chrono prices not being real, yet go to their sites and lo and behold, they’re advertising those same watches for a premium. It’s good that people like Teddy still do informative content and not the crap they churn out. They know who they are…
I don't mind people buying them for investment or resale, as long as every watch enthusiast is able to walk in a boutique and purchase or order the watch within a reasonable timeframe.
Well said. I've been a collector for over 12 years and has over 10 luxury watch brands in my current collection. I'm both happy and frustrated at the same time with the recent price surge. Yes, the value of my collection went up, but it's almost impossible to get watches that I like unless paying for ridiculous amount on the grey market. Sometimes I rather have the prices drop back down (which will lead weed out speculators) so people who enjoy watches can finally acquire them.
I'm in my 20's and I've always seen an expensive watch as something you buy and hold onto for many years, if not the rest of your life. I see them as something to hold onto not something to flip when the time is right.
I just started collecting and am enjoying being introduced to all new brands and complications. I find it fascinating the large range of prices that exists for something so small that seats beautifully on your wrist. Since I was a young man until recently I held the belief that jewelry was pointless and boring because it had no real intrinsic value. Because of that I didn’t wear anything flashy because it showed off nothing but in my own opinion said “look at me” which I never needed. With watches it’s very different. At each watch’s very core it has a true purpose to be a reliable device to keep its wearer on task. It’s a helpful companion that silently waits to be of service like a well polished butler with a heavy royal accent. From there you can really start to appreciate all the subtle nuances that contribute to making one meticulously hand crafted beauty stand apart and shine on its own brilliantly and distinctly from the rest. Within the intricacies of each piece there are more intricacies to marvel at and really what becomes the crown jewel of each watch is it’s very own signature way of delivering its unique mixture features and level of quality. I might say it’s a contest in quality like a competition of sorts but that seems too lifeless a description. It’s more like a beauty pageant or a parade showcasing an artisan’s quality in its most condensed and potent elegance considering splitting hairs is the scale by which we evaluate every moving and non moving part of its anatomy. I feel like when I wear a good quality watch that has been born of careful attention to detail all the way from design to execution it reminds me that precision and exactitude and beauty can be attained for those focused and patient enough to put in the work. It’s as remarkable in its beauty as it is inspiring in its craftsmanship. All of that to say, should one I own ever shoot up to an artificially inflated value I would sell it and see it as an opportunity purchase a few just as wonderful to expand my collection and my love of the art.
In my humble opinion, the biggest issue is that there are way too much money in the economy when every country is printing them to pay off their debt. When athletes are earning tens of millions every year or every fight. NFT are selling tens of million of dollars and Bitcoin used to be like twenty cents. These watches just become another form of speculative piece. Watches should be bought because you like then and worn to be enjoyed. But on the token it feels bloody good that it’s also appreciating in value
Watch collecting for the love of horology, the heritage, the enjoyment and happiness they bring is very noble. Watch investors might as well be trading pork belly futures. Zenith's chronographs have 3 subdials, two pushers, a crown and a black bezel. Only similar to 5,000 other chronographs. If I see one more Rolex. I'll gouge my eyes out with a screwdriver.
That's exactly how it should be! Just bought an IWC despite knowing it will lose about 20%-30% of its value after I leave the boutique, but do I care? Because it's the coolest watch I've owned in my life and I enjoy it so much. I wear it and I don't care about scratches or other degradations and if I'd ever sell it, it has lived a life outside of a safe deposit box.
THANKS TEDDY for this contents. It is a great releife to hear your words about this market situation. I can really see you are speaking from your soul… a shine into this vast dark sky of speculation!! THANKS AGAIN TEDDY!!
Because of the hype of certain brands in watches, I've been more drawn to brands like Nomos, Glasshutte, and Zenith since it seems like ppl that recognize those watches seem to really enjoy the craftsmanship in watches.
Great video, for me this is the best watch channel on RUclips. Your recent microbrands video with Kevin O'Leary was the best watch video I've seen in over a year, and has seriously got me wanting to part with some cash.
Thank you for your honesty, I will continue collecting watches I like and hopefully my grandkids may enjoy or get cost back in few I can afford, being German I will keep searching for German mostly but looking for best chronograph for my next purchase under $3000
It's all about the money. There's plenty of Daytona, AP etc for sale on the second market. If used watches were selling below retail there would be plenty available at the AD.
@@hlee2 the reason why you don’t get the watches at AD is because ADs prefer to sell the watches to their preferred clients, which are the gray market dealers.
Teddy over the years I bought vintage Omega watches. As I told you I am from Ohio living in Florida. I love my Omega watches. But this year I have bought two watches. My first was a Two tone 37mm blue quartz Invicta price $49.00. I am surprising pleased that watch keeps Excellant time. Thé second watch I just got this week. It is a Seiko green Optimist I paid a total of $650.00. A very substantial watch. It reminds my of a Rolex. I am thinking either a Ball watch or a Hamilton. I remember Ball Jewelery store in Cleveland. I was very young but I remember CleveLand at Christmas time. I notice I am open now to other watch companies I really fell for the Seiko Alpinist watch. So far I am very pleased. This watch band I like with the adjustable clasp. I remember when you started , you have done a great job.
Interesting approach to the topic. Patek Philippe tiffany dial is a perfect example of shifting hype to other models. Rolex Oyster Perpetual with tiffany dial sky rocketed after this auction (retail 5k and second hand 10x more)
Based on what he explained about the specifications of the watch I don't know for sure but if I had to place a bet for what watch it is I would put all my money on the Eric Clapton's Rolex Reference 6263, the “Oyster Albino” Cosmograph Daytona.
l get that a lot but with smart work and discipline, I have created multiple streams of income for myself from real estate and from blockchain mining network,that makes it so easy for me to afford these little
Teddy, what a breath of fresh air balanced by some sound common-sense. Your channel and content is way ahead of the pack. The current market is absolutely ridiculous (especially for the blinged over-priced models). I've had a couple of older more classic Rolex's (16700 GMT and a 14060M Sub). I sold the GMT to buy the Sub and sold the Sub to buy a Paramotor (of all things). I never for one minute considered them as investments; I bought them, wore them, abused them and moved on. Of course looking back I would be pushed to buy my original watch back which does make me a bit sad, but watch collecting, like life, is a journey. Now I have a lovely old Omega Speedy Broadarrow, SINN U50, Vertex M100 and a CWC. I would love to get another Rolex, but am put off by those who wear them as status symbols. That said, there are so many amazing watches out there that I will eventually get something a bit more understated when the time and price are right - like Jaeger-LeCoultre Memovox Deep Sea or a IWC Spitfire Mark XVIII Fliegeruhr perhaps, but a Polar dial Explorer II would also tick the box. So many nice watches, but not enough time or money ... Keep up the excellent work!
People never seem to talk about the fact that even brands like Cartier have run into situations with so much overstock, unsold inventory that Richmont pulled back and destroyed 500 million euros worth of watches in 2018 to protect their selling price, rather than flood the market. Right now we're seeing a massive transfer of inventory from the AD to the Grey Market, and at some point, all those watches need to be sold. We'll see how long the prices rise, i wouldn't bet that this keeps going more than another year or two.
Great video! I'm a lot older than you are and looking back I wish that I had "stretched more" and started with Rolex instead of Omega. Both are excellent wristwatches but Rolex has already gotten out of reach for most consumers....even at AD prices.
Teddy when do you sleep!? So much content, such high quality. I agree wholeheartedly with your assessments - these "holy grail" brands are unattainable for the average buyer and I would guess are alienating many perspective buyers in the process. I only purchase what I want to wear, enjoy and use. Keep up the great work!
I think the truly biggest flex is buying at retail those watches that have the lowest market value, because it signals that you have so much money that depreciation doesn’t affect you.
I like the investment and hype side of watches because I have found that this creates a situation where there are many absolutely amazing timepieces that are not hyped so you get insane deals. Watches that are many times better than watches that are selling for multiple times more. In an age of hype it’s fun to find secret gems most don’t know about.
I remember back in 2009-10 people were dumping "assets" like vintage cars, watches, art, etc. to get by in areas like LA/OC. I know I did when I sold a Breitling Nav for 50% less than what I paid for. Market has been in gradual decline and will only continue as people move cash into inflation proof assets... which watches typically dont fall into. Buyers market coming in the next year or 2.
To me the analogy is akin to creating talent via the various talent competitions on TV. Nothing is that easy or convenient. You have to pay your dues. Within any consumer consumption class, some items rise to the peak organically; they make it there based upon inherent qualities above-and-beyond the competition. They don’t do it via an artificial means such as social media hype. Thank you, Teddy.
You know what buddy, you will survive in the market long through up and down cycles. The price of ultra high-end watches are a function of liquidity, so in a phase of quantitative tightening it would become very difficult. I like the balance you have, so tell me, do you guys sell in Germany? I am considering buying my first chronograph in around 5-6k.
Thank you so much for making this video Teddy. I'm 37 years old. My whole life I dreamed of owning a brand new, entry level Rolex. Now that I can finally afford one at retail, "flipping culture" has over inflated the price so much I can no longer buy one. As a result, I have now discovered other great brands like Sinn and Longines. If Rolex would have allowed me to buy at retail, I never would have discovered those brands. Now, as a result of Rolex becoming over inflated, my view of the brand has become poisoned to where I only see it as an over hyped brand, as opposed to the high quality brand with a rich history that I should view it as. Hopefully industry professionals see this video.
I am right there with you at 39 years old. I have been wearing a watch since 2nd grade and have always had an eye for Rolex and Omega growing up due to movies of the 90's and 00's. If it weren't for Teddy's videos, I too wouldn't know anything about other brands that have just as high of quality, possibly higher, and I have shifted my brand focus entirely. While I would love to acquire a Rolex Platona with the chocolate subs, I would be just as happy with a Longines, Omega or even good looking Tissot. I have never been about status, but rather functionality and what makes me happy. In today's world, I feel you not have an acceptance culture by wearing the top three on your wrist as some type of passage into success and status.
You can still get one at retail. Just have to have patience and visit your AD a few times. The problem is people want a watch now. Go enjoy your Longines and live life and you’ll ge the call some day
Excellent, excellent opinion piece. Couldn't agree with you more, I just love watches and am enjoying my hobby. If, I want to make money, that's what the stock market is for.
I have been collecting watches for 30 years and the current market situation is just plain stupid. In the 30 years I have been collecting I have never bought a single watch, be it a Rolex, Omega, etc. expecting monetary gain . I collect because I love watches and that is how it should be.
I thank you for making this video Ted. I'm a child of the 70s/80s, when rock stars wore Casios. I am an armchair watch enthusiast, but under no circumstances would I pay the asking price of these "trendy" watches. This will all blow over. Just like hula hoops, designer jeans, fixed gear bicycles, and hoverboards. When that happens, maybe I'll start bargaining with some of the suckers who paid half a years wages for a watch, that is now a "used" item not worth the materials it made of . He,he,he!
I have truly enjoyed your channel and objectivity which you frequently share. My query is in some of your discussion points with Kevin O'Leary, outside of the dial appearance, does he not also raise the prospect of a particular watch as an investment? Does this not help perpetuate the thought of getting into watches as investment?
Good content. No watch collector who is building up a portfolio of very expensive pieces will continue for the love of it, if every watch added to the collection is losing value. Believe its rather obvious in this expensive hobby that value retention as a minimum is a must.
I love watches because I think they're works of art. I've never bought one as an investment and never will. Id never buy something I think is ugly just because it'll make money
I went through a similar experience as a comic book collector when I was a kid in the 90s. When you stop thinking about your collection as being personally valuable and start thinking of it in terms of how other people value it, you're no longer a collector or a hobbyist. You're an entrepreneur. Being an entrepreneur doesn't make you a bad person, but approaching a sub-culture purely as a capitalist where others are hobbyists causes serious friction. Let's hope most of these speculators lose their shirts on NFT scams over the next year or two so the watch collecting world can get some of its old spirit back.
"When you stop thinking about your collection as being personally valuable and start thinking of it in terms of how other people value it" That's a very good thing to point out. And you can even see people asking, why are you collecting this and that, is going to get you a profit?
Teddy… as a caravan owner I appreciated your comparison… funny enough though I received a call from my dealer offering more than what I paid for it two years ago due to the current shortages in vehicles. All that aside, a watch is and should be something to be worn, admired and collected. If a watch is purchased for its ability to make money, I don’t feel it’s serving its function as either a watch or a collection piece; it has become nothing more than a piece of currency or stock to sink or grow with the market. You said it best when you spoke about watches and how they made you feel and your collection you fell in love with; there is so much emotion in the heart of a watch and in the eye of its owner… sappy I know! Thought provoking video!
I bought GMT in 80s in stock, submariner in 2009 which took a week to arrive. Explorer and DJ all in stock. Visited an AD dealer in 2021 only 2 watches on display, now just waiting lists.
You know what I don't like is that without consciously wanting to, I think about my Explorer in some ways as an asset and not as something I strived for and was eventually able to buy. And the reason I don't like that is because it tempts me into thinking that I can use it to "trade up" to a watch that previously I would not be able to afford like a JLC Master Control or Zenith chronograph for example. Is this a bad thing? I really don't know Teddy, but it IS a thing and I'm sure I'm not alone. Great episode.
Man, that's part of the fun! "Do I keep it or use it to go to the next level?" Right? Your watch IS an asset. Imagine being trapped, in a jam, with no resources, in a dangerous situation. Wanna bet your Rolex could save your life? A Rolex -- as well as many other brands -- is the same as cash or gold. ANYONE will take it as payment for services in a pinch.
Here's my truth. Being a collector, enthusiast and investor aren't mutually exclusive. My philosophy on "Toys", i.e luxuries like watches, cars & motorcycles has always been "You have all the toys you like, as long as they are appreciating assets." I have been enjoying watches since I was a young teen in the late 70's, beginning with a Rolex GMT master which I saved for. I haven't always been correct. I've lost money on pieces by Cartier, Franck Muller etc. I always loved Patek's too, but they rarely appreciated unless they were ultra rare minute repeaters and the like. I've generally stuck with Rolex because it never disappoints and I've gotten to be a steward to most of the classics. Sea Dweller, Day Date, Sub and Zenith Daytona. I've never had more than 4-5 watches at a time, but it's a hobby that has funded itself. A Rolex doesn't pander to trend. It isn't a costume. It's a uniform. It never disappoint aesthetically or financially and is ever classic. My 2 cents.
Great video, Teddy. The “value” my mediocre watch collection has is completely intrinsic and measure in the joy that wearing them brings me. It is frustrating that folks are buying pieces and holding them in a safe until deciding to sell later. If you’re fortunate enough to be able to afford and obtain one of the high-end watches at least have the decency to put it on your wrist!
The negative aspect of investment watches shouldn't be too impactful a point for most watch enthusiasts. There really are only the three brands that are just massively in demand and super hard to get at a good price now because of their increasing value, which is a tiny portion of the entire watch market. There are so many brands, so many watches to get enthusiastic about. I love a good rolex, no doubt about it, but if I can just give up the "status" a rolex might offer, I can find just as beautiful and well made a watch from another brand at many different price points. The beautiful shots of a Breitling, Longines, Zenith, all just hammer that point home for me. We're spoiled for choice.
I think that something similar happened in the wine Industry several years ago . At some point, everyone was only talking about the Pilar’s of winemaking, the Grand Crus, the most expensive, so the conversation became boring. For me, the best part is finding great producers doing great wines that sell for a reasonable price. Finding value gives me the opportunity to enjoy wines more often and start interesting conversations. I am convinced that the same goes for watches. Finding one that suits your interest and budget is as enjoyable as buying it.
In my opinion, it's easy to tell that you just like watches in general. That's why you're my go to for information. Just snagged a new piece off your website as well!
I think as a bit of fun speculating on a watch you like is a safe-ish bit of fun. Unfortunately unless you can get a Rolex for example from an AD and then flip it for the 25-50% inflation some folk are asking, then the moment or opportunity has gone. I wouldn't buy a watch at an inflated price and then hope it continues to rise in value. Im not in the $100k area at all but could afford maybe up to $10k, its about personal acceptable budgets. The real hobby to me is learning more and finding what you really like, Pelagos vs Sub for example. Keep up the great content, Thanks!
Having watched some RUclips videos on watch trading a lot if not, most of these "investment watches" never find their way to an end customer. They just jump from one trader to the other. I for one have redirected my attention to independent and micro-brands.
Hi, I collect watches that have a story, a history, a certain complexity, different ways of reading the time,... but when you buy (a lot of) watches, you sometimes have to sell one too to keep your collection interesting. To make it affordable, you have to take notice what the price of a particular preowned watch is. (the after market) And if I have to choose between an anonymous watch or an investment watch, I know what to choose...
I applaud your even view on this. My concern is the folks we'd want to attract to the hobby, if entering from an investment view but buy at least somewhat to taste, is that if they risk their financial future on this and prices go down, and for most watch segments, they will, we'll have lost them entirely. I'm nearing retirement, only have a couple pieces, looking to add and can now move to next level. I like the idea that for what I'll spend there will always be significant value if I had some disaster, but I'm not buying as investment. I am an engineer. I love mechanical things, still turn my own wrenches, etc. I won't add a watch that doesn't speak to me or add some either useful or interesting function.
This is soooo on the money. I have been fascinated with time pieces as long as I can remember. I just returned from Germany where I visited the Black Forest, coo coo clock center of the universe. Grandfather clocks, and of course watches. I look at the same 5-10 brands, the usual suspects, and drool, knowing that I will probably never own one. But based on info learned by watching your videos I have been able to build a modest collection of watches, the most expensive being $800.00.
My beef with hype watches is that they cause people to neglect (Thankfully, for now!) other models in the same sphere or even within the same brand. I am particularly amazed that someone will spend $130K for a basic 5711 on secondary markets. People rarely think about this, but the same money buys you two Patek Calatravas (one in platinum and one yellow gold), A Bulgari Octo Finissimo (steel with the blue dial please!), A Blancpain Villeret Complete Calendar, the most ridiculous Grande Seiko diver of your choice, a Rolex GMT (even at inflated grey market prices), and a trunk-style Louis Vuitton watch box to hold them all (about $7k!). Whats more, after all of that, you would have enough money left over to go ahead and and buy your spouse a Cartier Tank (or two, one gold and one steel) just for fun. Even in the "one watch relative to one watch" comparison, that someone buys a secondary market 5711 rather than a white gold Zeitwerk Date or a Platinum Datograph is just astounding to me. In either case, you would have change left over by the way. At the lower end of the scale, generally speaking, who pays the price people are paying for Rolex sports watches when a company like Moser exists? It is, to be frank, insanity to me.
I but vintage Omega watches. They are affordable, reliable and if you shop carefully you can a pristine watch that is 50 years to many years older that are really great watches
Great take as usual. I think people get emotional and don't look at things objectively as you have. I find the investment concept annoying, but I understand it. I still buy watches I love, and don't get too worked up about it.
I am glad I bought my red sieko cocktail over another brass colored one. The dealer said the brass color one would go up in value but I like the red one. If I still like the brass one I may get it but who knows.
I am relatively new to purchasing luxury watches. I don't consider myself a collector because my goal isn't to have a collection; however, in my passion for owning different watches I have certainly ended up with a much higher number of them than other people I know. I buy watches for one reason, with one additional requirement - which I don't consider a "reason", but more of a safeguard. I buy watches because I like them and I want to wear them (which is based on aesthetics, craftsmanship, engineering, artistry, etc; however, I also like a watch with a good story behind it). I do not buy them with the intention to flip, or with the intention of making money. The requirement is that I try to purchase ones that will retain a reasonable percentage of their value over a long period of time. I think of it like a car. I'm going to buy a Honda not only because it is reliable, but because I can sell it for more than a used GM if and when I need or want to sell it. If I ever lose my job and need to pay the mortgage, it is nice to know that my $5000 watch may still be work $3-4k instead of $500.
I was never interested in watches until I considered the idea of wearing a high quality watch theoughout my son's childhood, to have the memory of seeing it in Dad's wrist imprinted in his brain, and thus make it all the more valuable when I finally pass it down to him (along the way of my research, I did develop a genuine -I think- fondness for watches). That's why I feel zero connection with the idea of watches as financial investments. Selling a watch I bought simply isn't in my plans.
I read an article from a site TBWS, it was dated 2018 and the Traska diver was going for $400, now they retail for $600. 50% increase in value ain’t bad in 4 years.
The problem is that those high-end watches huge prices made the low end vintage watch market blow up too, all of the sudden there are more and more sellers and models for sale and the prices are getting higher and higher in the low end vintage watch market to the point some of these watches have unjustified high costs.
what is sad, and I've heard this from many people, is that it is now impossible to go into a shop and 'treat' yourself, or spouse with a fine watch purchase. The dealers play games, the manufacturers play games. In the end, they remind you that THEY are successful, instead of the buyer validating their own success by being able to purchase the watch. So many early watch buyers have been turned off and many elite purchasers have been burned and moved to other endeavors.
I think you purchase them just for the love of them. They're art pieces, a statement. An accessory that further compliments your style apart from its practical use.
So for example, you don’t think Hulk will go to $50000 in 20 years? I think certain watches have proven to go up in value as a longterm investment. I like to think watches as holding value against inflation as a longterm investment. 1968-70 Pepsi used to be $120 back when it first came out in 1968-1970. 50 years has passed and now it’s way more than $120.
I'm super new to the world of watches so an expert opinion is much appreciated. I'd rather not buy fake watches and I would very much like to know if what I'm buying is going to increase or decrease in value. That said I would still buy watches that may decrease in value because I personally like them but the knowledge of it's value is good to have.
We should probably remember for people crying about "the rich" taking over the hobby that even when Patek, Rolex, etc were retail they were out of reach for many. It's all relative. Let the market do what it does. There are plenty of amazing watches still available and collectors as a result have started looking at more of them.
What I don't understand is... there is CLEARLY huge pent up demand for Nautilus, Royal Oak and Richard Mille-style bold, chunky design. That is what's cool, and desirable. So why do all the mid-tier brands (Tissot, Hamilton, all the thousands of others), who have zero scruples about copying, just keep releasing the same old tired, dainty, old man, me-too garbage designs? Just give people what they want!
I really like your attitude and appreciate the fact that you are also introducing less-known brands and less expensive watches. And here is my point: Beauty and elegance should NEVER be defined by a brand alone. Beauty and an expensive price MIGHT correlate but they do not have to. I even consider it as embarrassing if a person tries to "prove personality" through a certain brand. F.e.: If you really think that a Rolex Submariner is so special, buy it for its beauty (though I don´t really understand that), but don´t buy it because you simply want to show off and sell it later on for a higher price. So to cut a long story short: I really like your attitude and the objectivity how you present what you really LOVE - and this seems to be watches
The watch world should welcome any and all new members. The more the merrier! Whether wants a watch as a watch fanatic or flipper, motive isn’t really the issue.
I almost bought a stainless AP 15400 for $90K, with an MSRP around $25K ... but instead I bought a VC Overseas 4500V gold form the boutique at MSRP $54.5K by just waiting a year ... well guess what, 2 years later, the Stainless RO went down by 60% and my VC went up by almost 70% and sells for $89-95K now ... and all I had to do was buy the watch I actually wanted, and not the over hyped "investment" watch.
One of the main reasons I use this channel as my guiding light to watches is the love you give all watches. You have macro shots of Orients and Pateks, Seikos and APs. You give them the same spotlight, and are honest about where each fit in a collection. Keep up the amazing work!
True. I get my watches as a sentimental value. Got my first Swiss watch, Tissot when I graduated high school and I recently bought a Longines HydroConquest as an accomplishment getting my dream internship. More on the way as I climb up the ladder.
I am newer to watches, but have been so turned off because of the investment side of it. To each their own, but it's certainly not for me, and it makes me strongly dislike the "investment" watch brands.
Also thank you for the great video as always Teddy!
It is a shame because it was not like this in the past. It is of course important to note that not all of this is the fault of the brands, but they are not victims here either and customer service has taken a hit. The quest to acquire doesn’t have to be easy, but lack of transparency is not a good recipe in the long run.
@@TeddyBaldassarre Agreed completely. It's not 100% the brands fault. To draw a parallel to my focus, it's not Blue Microphones fault that people misuse the Yeti or Shure's fault that people buy the SM7b without understanding it. Regardless of that it still reflects poorly on the brand and taints the reputation because it is perceived in a negative light now. Just like a misused microphone, watch brands that are discussed as investments are frequently presented in such an off putting way that it's hard to look at them without associating those brands with that type of behavior.
Love the parallel to the audio world! The consumers that use your products are unpaid spokespeople for the brands in a way. Both the good and bad. Thanks for watching, my friend!
I am new to watches myself, want one Rolex OP and that would be enough for me for my Formal wear as I work in a Bank, but I guess getting one at retail is impossible in this lifetime 😀 , better go for Aqua Terra is what I have decided now
I personally love watches and am a huge fan of the art and craftsmanship. I believe that the reason people (including myself) care so much about appreciating value and making it an investment is because watches generally come with a pretty steep price tag and people like to think that they aren’t making a stupid financial decision when they buy a time piece that they like
I think people should consider the investment aspect purely in terms of the return they get from use of the watch, rather than what they can re-sell it for.
The same way you’d expect more use from a more expensive but more well made axe. If it stays sharp longer, cuts wood quicker and doesn’t need replacing for a far greater period…the extra expense proved a good investment by way of return of service…not whether you could sell the axe for a profit in however many years.
@@d734-wy8kxif your axe is made by hand from scratch by some god of axes in Japan, pretty sure its value only goes up from there. Supply and demand equilibrium is the key to consider
This is why I watch your channel, you bring out all of the unique watches and brands that aren't mainstream. I love unique stuff.
What I like about you is that you are obviously extremely knowledgable and also that you explore brands that you are not selling yourself. Please keep doing this!
Agree with everything you mentioned in this video. This is why the new generation of watch lovers love you. Well, I do! I love your outlook within this industry & the overall mentality you have when it comes to this engineering masterpieces we all appreciate & love! Great work Teddy! One of the best in the game!👍🏽 keep it up
Thank you my friend! AI was my favorite player growing up! See that profile!
@@TeddyBaldassarre 💪🏽 I Love it!! Great taste in watches, even better in Basketball!! Take care!🤙🏽
RUclips needed someone like Teddy, who not only is passionate about watched, but also shares his insight and experience with others, great contents 👍🏼
Thank you! Glad you enjoyed.
@@TeddyBaldassarre thank you...
Very true
I loved your POV- made me re think why I’ve hesitated on buying a watch I loved and can afford but didn’t because of the “will it go up in value”. Thank you
I’m really getting turned off at the minute by certain shouty RUclipsrs bragging about their travelling and private jets and watch boasting, the same ones who complain about Chrono prices not being real, yet go to their sites and lo and behold, they’re advertising those same watches for a premium. It’s good that people like Teddy still do informative content and not the crap they churn out. They know who they are…
This is why I like your videos about new micro brands and less mainstream manufacturers !!
I don't mind people buying them for investment or resale, as long as every watch enthusiast is able to walk in a boutique and purchase or order the watch within a reasonable timeframe.
The quality of lighting, audio, rhythm and the animation of this vid is incredible! the content as well.
Well said. I've been a collector for over 12 years and has over 10 luxury watch brands in my current collection. I'm both happy and frustrated at the same time with the recent price surge. Yes, the value of my collection went up, but it's almost impossible to get watches that I like unless paying for ridiculous amount on the grey market. Sometimes I rather have the prices drop back down (which will lead weed out speculators) so people who enjoy watches can finally acquire them.
What’s the best Starter watch ?
the only things you want to stay cheap are food😁
I'm in my 20's and I've always seen an expensive watch as something you buy and hold onto for many years, if not the rest of your life. I see them as something to hold onto not something to flip when the time is right.
Really solid analysis and perspective. Thank you for taking a stance
I just started collecting and am enjoying being introduced to all new brands and complications. I find it fascinating the large range of prices that exists for something so small that seats beautifully on your wrist. Since I was a young man until recently I held the belief that jewelry was pointless and boring because it had no real intrinsic value. Because of that I didn’t wear anything flashy because it showed off nothing but in my own opinion said “look at me” which I never needed.
With watches it’s very different. At each watch’s very core it has a true purpose to be a reliable device to keep its wearer on task. It’s a helpful companion that silently waits to be of service like a well polished butler with a heavy royal accent.
From there you can really start to appreciate all the subtle nuances that contribute to making one meticulously hand crafted beauty stand apart and shine on its own brilliantly and distinctly from the rest.
Within the intricacies of each piece there are more intricacies to marvel at and really what becomes the crown jewel of each watch is it’s very own signature way of delivering its unique mixture features and level of quality. I might say it’s a contest in quality like a competition of sorts but that seems too lifeless a description. It’s more like a beauty pageant or a parade showcasing an artisan’s quality in its most condensed and potent elegance considering splitting hairs is the scale by which we evaluate every moving and non moving part of its anatomy.
I feel like when I wear a good quality watch that has been born of careful attention to detail all the way from design to execution it reminds me that precision and exactitude and beauty can be attained for those focused and patient enough to put in the work. It’s as remarkable in its beauty as it is inspiring in its craftsmanship.
All of that to say, should one I own ever shoot up to an artificially inflated value I would sell it and see it as an opportunity purchase a few just as wonderful to expand my collection and my love of the art.
@Whatsapp+➊➋➏➒➌➎➒➐➎➒➍ DM you how? What giveaway? There’s no DM feature on RUclips. Are you the original content creator?
Congratulations again on the featured article. Looking forward to contents like this 👌
you once again surpassed my expectations for your video production :) great to see!
In my humble opinion, the biggest issue is that there are way too much money in the economy when every country is printing them to pay off their debt. When athletes are earning tens of millions every year or every fight. NFT are selling tens of million of dollars and Bitcoin used to be like twenty cents. These watches just become another form of speculative piece. Watches should be bought because you like then and worn to be enjoyed. But on the token it feels bloody good that it’s also appreciating in value
Such honesty is impressive
You're the best Teddy!! Good perspective!!
Refreshing video, thanks for your perspective on a very important discussion. Keep up the great content.
“You buy the watch because you enjoy it”, I think should be the focus. I love seeing the craftsmanship and creativity of some of the microbrands.
Watch collecting for the love of horology, the heritage, the enjoyment and happiness they bring is very noble. Watch investors might as well be trading pork belly futures. Zenith's chronographs have 3 subdials, two pushers, a crown and a black bezel.
Only similar to 5,000 other chronographs. If I see one more Rolex. I'll gouge my eyes out with a screwdriver.
That's exactly how it should be! Just bought an IWC despite knowing it will lose about 20%-30% of its value after I leave the boutique, but do I care? Because it's the coolest watch I've owned in my life and I enjoy it so much. I wear it and I don't care about scratches or other degradations and if I'd ever sell it, it has lived a life outside of a safe deposit box.
THANKS TEDDY for this contents.
It is a great releife to hear your words about this market situation.
I can really see you are speaking from your soul… a shine into this vast dark sky of speculation!!
THANKS AGAIN TEDDY!!
Because of the hype of certain brands in watches, I've been more drawn to brands like Nomos, Glasshutte, and Zenith since it seems like ppl that recognize those watches seem to really enjoy the craftsmanship in watches.
This. It gives me a chance to actually considered other brands, even smaller no name micro brand stuff
Great video, for me this is the best watch channel on RUclips. Your recent microbrands video with Kevin O'Leary was the best watch video I've seen in over a year, and has seriously got me wanting to part with some cash.
Thank you for your honesty, I will continue collecting watches I like and hopefully my grandkids may enjoy or get cost back in few I can afford, being German I will keep searching for German mostly but looking for best chronograph for my next purchase under $3000
It's all about the money. There's plenty of Daytona, AP etc for sale on the second market. If used watches were selling below retail there would be plenty available at the AD.
The reason why it’s selling above retail on the second hand is because you don’t get any in the AD to begin with because of the preferred client list.
@@hlee2 the reason why you don’t get the watches at AD is because ADs prefer to sell the watches to their preferred clients, which are the gray market dealers.
@@hlee2 good point...
Well done.
Insightful and useful.
Best watch channel hands down!
Teddy over the years I bought vintage Omega watches. As I told you I am from Ohio living in Florida. I love my Omega watches. But this year I have bought two watches. My first was a
Two tone 37mm blue quartz Invicta price $49.00. I am surprising pleased that watch keeps
Excellant time. Thé second watch I just got this week. It is a Seiko green Optimist I paid a total of $650.00. A very substantial watch. It reminds my of a Rolex. I am thinking either a
Ball watch or a Hamilton. I remember Ball Jewelery store in Cleveland. I was very young but
I remember CleveLand at Christmas time. I notice I am open now to other watch companies
I really fell for the Seiko Alpinist watch. So far I am very pleased. This watch band I like with the adjustable clasp. I remember when you started , you have done a great job.
Interesting approach to the topic. Patek Philippe tiffany dial is a perfect example of shifting hype to other models. Rolex Oyster Perpetual with tiffany dial sky rocketed after this auction (retail 5k and second hand 10x more)
JUST well said, that's it, Well said!
Excellent video Teddy!
Based on what he explained about the specifications of the watch I don't know for sure but if I had to place a bet for what watch it is I would put all my money on the Eric Clapton's Rolex Reference 6263, the “Oyster Albino” Cosmograph Daytona.
If you had the money, you'd definitely buy it because It looks really nice
Exactly
well I usually don't get too excited about other expensive watches. However, l could buy this for my Sons
@@isabellawatson2864 From your statement “ you don't get too excited about other expensive watches...” I’m guessing you’re a big spender
l get that a lot but with smart work and discipline, I have created multiple streams of income for myself from real estate and from blockchain mining network,that makes it so easy for me to afford these little
Teddy, what a breath of fresh air balanced by some sound common-sense. Your channel and content is way ahead of the pack.
The current market is absolutely ridiculous (especially for the blinged over-priced models). I've had a couple of older more classic Rolex's (16700 GMT and a 14060M Sub). I sold the GMT to buy the Sub and sold the Sub to buy a Paramotor (of all things).
I never for one minute considered them as investments; I bought them, wore them, abused them and moved on. Of course looking back I would be pushed to buy my original watch back which does make me a bit sad, but watch collecting, like life, is a journey. Now I have a lovely old Omega Speedy Broadarrow, SINN U50, Vertex M100 and a CWC.
I would love to get another Rolex, but am put off by those who wear them as status symbols. That said, there are so many amazing watches out there that I will eventually get something a bit more understated when the time and price are right - like Jaeger-LeCoultre Memovox Deep Sea or a IWC Spitfire Mark XVIII Fliegeruhr perhaps, but a Polar dial Explorer II would also tick the box.
So many nice watches, but not enough time or money ... Keep up the excellent work!
Teddy is the most likable watch guy on RUclips.
People never seem to talk about the fact that even brands like Cartier have run into situations with so much overstock, unsold inventory that Richmont pulled back and destroyed 500 million euros worth of watches in 2018 to protect their selling price, rather than flood the market. Right now we're seeing a massive transfer of inventory from the AD to the Grey Market, and at some point, all those watches need to be sold. We'll see how long the prices rise, i wouldn't bet that this keeps going more than another year or two.
Too many junks are made!
The Grey market will choke on inventory. Everything is hype, look at brands in the past like Frank Mueller, Hublot and Panerai, where are they now ?
@@1flat681 yeah but you have social media now.
Great video! I'm a lot older than you are and looking back I wish that I had "stretched more" and started with Rolex instead of Omega. Both are excellent wristwatches but Rolex has already gotten out of reach for most consumers....even at AD prices.
Excellent commentary!!
ALWAYS great analysis
Thanks Chad!
9:58 I think this is spot on. Feels like people are obsessed over a monetary value rather than more of a quality/experience thing.
As usual Teddy, spot on. Thanks
Teddy when do you sleep!? So much content, such high quality. I agree wholeheartedly with your assessments - these "holy grail" brands are unattainable for the average buyer and I would guess are alienating many perspective buyers in the process. I only purchase what I want to wear, enjoy and use. Keep up the great work!
I think the truly biggest flex is buying at retail those watches that have the lowest market value, because it signals that you have so much money that depreciation doesn’t affect you.
being able to treat your entire watch collection as expenses rather than assets should be a flex in and of itself
@@terencekoh6296 Hell yeah!
I was able to obtain a 41mm OP black dial within a month with my AD, I feel so blessed. Such a beautiful watch
I like the investment and hype side of watches because I have found that this creates a situation where there are many absolutely amazing timepieces that are not hyped so you get insane deals. Watches that are many times better than watches that are selling for multiple times more. In an age of hype it’s fun to find secret gems most don’t know about.
I remember back in 2009-10 people were dumping "assets" like vintage cars, watches, art, etc. to get by in areas like LA/OC. I know I did when I sold a Breitling Nav for 50% less than what I paid for. Market has been in gradual decline and will only continue as people move cash into inflation proof assets... which watches typically dont fall into. Buyers market coming in the next year or 2.
To me the analogy is akin to creating talent via the various talent competitions on TV. Nothing is that easy or convenient. You have to pay your dues. Within any consumer consumption class, some items rise to the peak organically; they make it there based upon inherent qualities above-and-beyond the competition. They don’t do it via an artificial means such as social media hype. Thank you, Teddy.
You know what buddy, you will survive in the market long through up and down cycles. The price of ultra high-end watches are a function of liquidity, so in a phase of quantitative tightening it would become very difficult. I like the balance you have, so tell me, do you guys sell in Germany? I am considering buying my first chronograph in around 5-6k.
Very good article on Watches
Thank you so much for making this video Teddy. I'm 37 years old. My whole life I dreamed of owning a brand new, entry level Rolex. Now that I can finally afford one at retail, "flipping culture" has over inflated the price so much I can no longer buy one. As a result, I have now discovered other great brands like Sinn and Longines. If Rolex would have allowed me to buy at retail, I never would have discovered those brands. Now, as a result of Rolex becoming over inflated, my view of the brand has become poisoned to where I only see it as an over hyped brand, as opposed to the high quality brand with a rich history that I should view it as. Hopefully industry professionals see this video.
I am right there with you at 39 years old. I have been wearing a watch since 2nd grade and have always had an eye for Rolex and Omega growing up due to movies of the 90's and 00's. If it weren't for Teddy's videos, I too wouldn't know anything about other brands that have just as high of quality, possibly higher, and I have shifted my brand focus entirely. While I would love to acquire a Rolex Platona with the chocolate subs, I would be just as happy with a Longines, Omega or even good looking Tissot. I have never been about status, but rather functionality and what makes me happy. In today's world, I feel you not have an acceptance culture by wearing the top three on your wrist as some type of passage into success and status.
You can still get one at retail. Just have to have patience and visit your AD a few times. The problem is people want a watch now. Go enjoy your Longines and live life and you’ll ge the call some day
Give em a bloody nose, go Omega. I did and have no regrets whatsoever. 👌
@@TheSkatereel I've been thinking about doing that.
@@nastang87xx Thanks I've been thinking about that. I'm leaning towards Sinn.
Most excellent video.
Thank you, Terry.
Excellent, excellent opinion piece. Couldn't agree with you more, I just love watches and am enjoying my hobby. If, I want to make money, that's what the stock market is for.
This guy is producing quality content daily and consistently!!!!! Kudos to you and team
Absolutely spot on!!
This is a great video teddy. This is the truth.
I have been collecting watches for 30 years and the current market situation is just plain stupid. In the 30 years I have been collecting I have never bought a single watch, be it a Rolex, Omega, etc. expecting monetary gain . I collect because I love watches and that is how it should be.
Teddy, this is one of your best videos. Brilliant insight and overall opinion on the market and the industry. A+
I thank you for making this video Ted. I'm a child of the 70s/80s, when rock stars wore Casios. I am an armchair watch enthusiast, but under no circumstances would I pay the asking price of these "trendy" watches. This will all blow over. Just like hula hoops, designer jeans, fixed gear bicycles, and hoverboards. When that happens, maybe I'll start bargaining with some of the suckers who paid half a years wages for a watch, that is now a "used" item not worth the materials it made of . He,he,he!
Yoooo Teddy, let’s get a solid best moonphase watch??! Great Video my guy
I have truly enjoyed your channel and objectivity which you frequently share. My query is in some of your discussion points with Kevin O'Leary, outside of the dial appearance, does he not also raise the prospect of a particular watch as an investment? Does this not help perpetuate the thought of getting into watches as investment?
Good content.
No watch collector who is building up a portfolio of very expensive pieces will continue for the love of it, if every watch added to the collection is losing value. Believe its rather obvious in this expensive hobby that value retention as a minimum is a must.
I love watches because I think they're works of art. I've never bought one as an investment and never will. Id never buy something I think is ugly just because it'll make money
I went through a similar experience as a comic book collector when I was a kid in the 90s. When you stop thinking about your collection as being personally valuable and start thinking of it in terms of how other people value it, you're no longer a collector or a hobbyist. You're an entrepreneur. Being an entrepreneur doesn't make you a bad person, but approaching a sub-culture purely as a capitalist where others are hobbyists causes serious friction.
Let's hope most of these speculators lose their shirts on NFT scams over the next year or two so the watch collecting world can get some of its old spirit back.
Same thing happened with baseball cards in the early 90’s. The industry was ruined because of greed
"When you stop thinking about your collection as being personally valuable and start thinking of it in terms of how other people value it"
That's a very good thing to point out.
And you can even see people asking, why are you collecting this and that, is going to get you a profit?
Teddy… as a caravan owner I appreciated your comparison… funny enough though I received a call from my dealer offering more than what I paid for it two years ago due to the current shortages in vehicles.
All that aside, a watch is and should be something to be worn, admired and collected. If a watch is purchased for its ability to make money, I don’t feel it’s serving its function as either a watch or a collection piece; it has become nothing more than a piece of currency or stock to sink or grow with the market.
You said it best when you spoke about watches and how they made you feel and your collection you fell in love with; there is so much emotion in the heart of a watch and in the eye of its owner… sappy I know!
Thought provoking video!
I bought GMT in 80s in stock, submariner in 2009 which took a week to arrive. Explorer and DJ all in stock. Visited an AD dealer in 2021 only 2 watches on display, now just waiting lists.
You know what I don't like is that without consciously wanting to, I think about my Explorer in some ways as an asset and not as something I strived for and was eventually able to buy. And the reason I don't like that is because it tempts me into thinking that I can use it to "trade up" to a watch that previously I would not be able to afford like a JLC Master Control or Zenith chronograph for example. Is this a bad thing? I really don't know Teddy, but it IS a thing and I'm sure I'm not alone. Great episode.
Man, that's part of the fun! "Do I keep it or use it to go to the next level?" Right? Your watch IS an asset. Imagine being trapped, in a jam, with no resources, in a dangerous situation. Wanna bet your Rolex could save your life? A Rolex -- as well as many other brands -- is the same as cash or gold. ANYONE will take it as payment for services in a pinch.
@@closer71 fair point !
Here's my truth. Being a collector, enthusiast and investor aren't mutually exclusive. My philosophy on "Toys", i.e luxuries like watches, cars & motorcycles has always been "You have all the toys you like, as long as they are appreciating assets." I have been enjoying watches since I was a young teen in the late 70's, beginning with a Rolex GMT master which I saved for. I haven't always been correct. I've lost money on pieces by Cartier, Franck Muller etc. I always loved Patek's too, but they rarely appreciated unless they were ultra rare minute repeaters and the like. I've generally stuck with Rolex because it never disappoints and I've gotten to be a steward to most of the classics. Sea Dweller, Day Date, Sub and Zenith Daytona. I've never had more than 4-5 watches at a time, but it's a hobby that has funded itself. A Rolex doesn't pander to trend. It isn't a costume. It's a uniform. It never disappoint aesthetically or financially and is ever classic. My 2 cents.
Great video, Teddy. The “value” my mediocre watch collection has is completely intrinsic and measure in the joy that wearing them brings me. It is frustrating that folks are buying pieces and holding them in a safe until deciding to sell later. If you’re fortunate enough to be able to afford and obtain one of the high-end watches at least have the decency to put it on your wrist!
The negative aspect of investment watches shouldn't be too impactful a point for most watch enthusiasts. There really are only the three brands that are just massively in demand and super hard to get at a good price now because of their increasing value, which is a tiny portion of the entire watch market. There are so many brands, so many watches to get enthusiastic about. I love a good rolex, no doubt about it, but if I can just give up the "status" a rolex might offer, I can find just as beautiful and well made a watch from another brand at many different price points. The beautiful shots of a Breitling, Longines, Zenith, all just hammer that point home for me. We're spoiled for choice.
I think that something similar happened in the wine Industry several years ago . At some point, everyone was only talking about the Pilar’s of winemaking, the Grand Crus, the most expensive, so the conversation became boring. For me, the best part is finding great producers doing great wines that sell for a reasonable price. Finding value gives me the opportunity to enjoy wines more often and start interesting conversations. I am convinced that the same goes for watches. Finding one that suits your interest and budget is as enjoyable as buying it.
In my opinion, it's easy to tell that you just like watches in general. That's why you're my go to for information. Just snagged a new piece off your website as well!
Thank you so much, sir.
I think as a bit of fun speculating on a watch you like is a safe-ish bit of fun. Unfortunately unless you can get a Rolex for example from an AD and then flip it for the 25-50% inflation some folk are asking, then the moment or opportunity has gone. I wouldn't buy a watch at an inflated price and then hope it continues to rise in value. Im not in the $100k area at all but could afford maybe up to $10k, its about personal acceptable budgets. The real hobby to me is learning more and finding what you really like, Pelagos vs Sub for example. Keep up the great content, Thanks!
Having watched some RUclips videos on watch trading a lot if not, most of these "investment watches" never find their way to an end customer. They just jump from one trader to the other. I for one have redirected my attention to independent and micro-brands.
Hi, I collect watches that have a story, a history, a certain complexity, different ways of reading the time,... but when you buy (a lot of) watches, you sometimes have to sell one too to keep your collection interesting. To make it affordable, you have to take notice what the price of a particular preowned watch is. (the after market) And if I have to choose between an anonymous watch or an investment watch, I know what to choose...
@Whatsapp+➊➋➏➒➌➎➒➐➎➒➍ Hi Teddy, what do I have to do? I have no experience with this
I applaud your even view on this. My concern is the folks we'd want to attract to the hobby, if entering from an investment view but buy at least somewhat to taste, is that if they risk their financial future on this and prices go down, and for most watch segments, they will, we'll have lost them entirely. I'm nearing retirement, only have a couple pieces, looking to add and can now move to next level. I like the idea that for what I'll spend there will always be significant value if I had some disaster, but I'm not buying as investment. I am an engineer. I love mechanical things, still turn my own wrenches, etc. I won't add a watch that doesn't speak to me or add some either useful or interesting function.
Thanks, Teddy
This is soooo on the money. I have been fascinated with time pieces as long as I can remember. I just returned from Germany where I visited the Black Forest, coo coo clock center of the universe. Grandfather clocks, and of course watches. I look at the same 5-10 brands, the usual suspects, and drool, knowing that I will probably never own one. But based on info learned by watching your videos I have been able to build a modest collection of watches, the most expensive being $800.00.
My beef with hype watches is that they cause people to neglect (Thankfully, for now!) other models in the same sphere or even within the same brand. I am particularly amazed that someone will spend $130K for a basic 5711 on secondary markets. People rarely think about this, but the same money buys you two Patek Calatravas (one in platinum and one yellow gold), A Bulgari Octo Finissimo (steel with the blue dial please!), A Blancpain Villeret Complete Calendar, the most ridiculous Grande Seiko diver of your choice, a Rolex GMT (even at inflated grey market prices), and a trunk-style Louis Vuitton watch box to hold them all (about $7k!). Whats more, after all of that, you would have enough money left over to go ahead and and buy your spouse a Cartier Tank (or two, one gold and one steel) just for fun. Even in the "one watch relative to one watch" comparison, that someone buys a secondary market 5711 rather than a white gold Zeitwerk Date or a Platinum Datograph is just astounding to me. In either case, you would have change left over by the way. At the lower end of the scale, generally speaking, who pays the price people are paying for Rolex sports watches when a company like Moser exists? It is, to be frank, insanity to me.
I but vintage Omega watches. They are affordable, reliable and if you shop carefully you can a pristine watch that is
50 years to many years older that are really great watches
Great take as usual. I think people get emotional and don't look at things objectively as you have. I find the investment concept annoying, but I understand it. I still buy watches I love, and don't get too worked up about it.
I am glad I bought my red sieko cocktail over another brass colored one. The dealer said the brass color one would go up in value but I like the red one. If I still like the brass one I may get it but who knows.
I am relatively new to purchasing luxury watches. I don't consider myself a collector because my goal isn't to have a collection; however, in my passion for owning different watches I have certainly ended up with a much higher number of them than other people I know.
I buy watches for one reason, with one additional requirement - which I don't consider a "reason", but more of a safeguard. I buy watches because I like them and I want to wear them (which is based on aesthetics, craftsmanship, engineering, artistry, etc; however, I also like a watch with a good story behind it). I do not buy them with the intention to flip, or with the intention of making money. The requirement is that I try to purchase ones that will retain a reasonable percentage of their value over a long period of time.
I think of it like a car. I'm going to buy a Honda not only because it is reliable, but because I can sell it for more than a used GM if and when I need or want to sell it.
If I ever lose my job and need to pay the mortgage, it is nice to know that my $5000 watch may still be work $3-4k instead of $500.
I was never interested in watches until I considered the idea of wearing a high quality watch theoughout my son's childhood, to have the memory of seeing it in Dad's wrist imprinted in his brain, and thus make it all the more valuable when I finally pass it down to him (along the way of my research, I did develop a genuine -I think- fondness for watches).
That's why I feel zero connection with the idea of watches as financial investments. Selling a watch I bought simply isn't in my plans.
I read an article from a site TBWS, it was dated 2018 and the Traska diver was going for $400, now they retail for $600.
50% increase in value ain’t bad in 4 years.
The problem is that those high-end watches huge prices made the low end vintage watch market blow up too, all of the sudden there are more and more sellers and models for sale and the prices are getting higher and higher in the low end vintage watch market to the point some of these watches have unjustified high costs.
what is sad, and I've heard this from many people, is that it is now impossible to go into a shop and 'treat' yourself, or spouse with a fine watch purchase. The dealers play games, the manufacturers play games. In the end, they remind you that THEY are successful, instead of the buyer validating their own success by being able to purchase the watch. So many early watch buyers have been turned off and many elite purchasers have been burned and moved to other endeavors.
I think you purchase them just for the love of them. They're art pieces, a statement. An accessory that further compliments your style apart from its practical use.
So for example, you don’t think Hulk will go to $50000 in 20 years?
I think certain watches have proven to go up in value as a longterm investment.
I like to think watches as holding value against inflation as a longterm investment.
1968-70 Pepsi used to be $120 back when it first came out in 1968-1970.
50 years has passed and now it’s way more than $120.
I'm super new to the world of watches so an expert opinion is much appreciated. I'd rather not buy fake watches and I would very much like to know if what I'm buying is going to increase or decrease in value. That said I would still buy watches that may decrease in value because I personally like them but the knowledge of it's value is good to have.
Respect Teddy..Respect!!!
We should probably remember for people crying about "the rich" taking over the hobby that even when Patek, Rolex, etc were retail they were out of reach for many. It's all relative. Let the market do what it does. There are plenty of amazing watches still available and collectors as a result have started looking at more of them.
Out of reach for MOST. Not many. Most. All this faux outrage is what pisses me off.
@@closer71 Lol. I'm with you.
What I don't understand is... there is CLEARLY huge pent up demand for Nautilus, Royal Oak and Richard Mille-style bold, chunky design. That is what's cool, and desirable.
So why do all the mid-tier brands (Tissot, Hamilton, all the thousands of others), who have zero scruples about copying, just keep releasing the same old tired, dainty, old man, me-too garbage designs? Just give people what they want!
Great content as always, but the editing and graphics with this video feel like a real step up. Awesome video, thanks!! :)
I really like your attitude and appreciate the fact that you are also introducing less-known brands and less expensive watches. And here is my point: Beauty and elegance should NEVER be defined by a brand alone. Beauty and an expensive price MIGHT correlate but they do not have to. I even consider it as embarrassing if a person tries to "prove personality" through a certain brand. F.e.: If you really think that a Rolex Submariner is so special, buy it for its beauty (though I don´t really understand that), but don´t buy it because you simply want to show off and sell it later on for a higher price. So to cut a long story short: I really like your attitude and the objectivity how you present what you really LOVE - and this seems to be watches
The watch world should welcome any and all new members. The more the merrier! Whether wants a watch as a watch fanatic or flipper, motive isn’t really the issue.