Can you make money investing in watches?

[JohnDe]

The guy who sold it probably bought a smart watch that traced where he had been and at what depth so he could post on Strava.

Mechanical watches are now jewellery and subject to fashion. Telling the time is incidental unless you are in the Melbourne Club where phones and any modem technology is disallowed. (According to the paper (Age) I read today).

Maybe, but the condition of the watch indicates that it was more a dress watch. I doubt that it went any deeper than the local resort pool

Serious divers use these -

Not the nicest thing to wear around to dinner.

Professionals use

Which is my preferred when diving.

 

[JohnDe]

The guy who sold it probably bought a smart watch that traced where he had been and at what depth so he could post on Strava.

Mechanical watches are now jewellery and subject to fashion. Telling the time is incidental unless you are in the Melbourne Club where phones and any modem technology is disallowed. (According to the paper (Age) I read today).

This is the condition of a watch that I have been using for recreational purposes, swimming, camping etc. And that’s the second glass since new.

Love this watch, a gift from my wife about 25 years ago. No battery, no winding, and it can sit in the draw for months without losing time. Just give it a few shakes to recharge and the dials rotate for each day from when it stopped, until it gets to t correct time.

And being a Seiko, the cost of servicing and part’s is very economical. I’m taking this in for a full service next month.

With my desk light directly overhead

Outside light is less harsh and doesn’t show the scratches as much.

 

[JohnDe]

Chinese manufacturers believe that there is money in watches, their replicas are so good they can fool many new collectors.

 

[Knobby22]

This is the new competition. I know a cyclist and two rowers with these.

Garmin Enduro™ 3 | Ultraperformance GPS Smartwatch

Garmin Enduro 3 is an ultraperformance GPS smartwatch with up to 320 hours of GPS battery life with solar charging, lightweight design, and enhanced map navigation.

www.garmin.com

Garmin Forerunner® 965 | Premium Running Watch

Forerunner® 965 is a running smartwatch with a touchscreen AMOLED display, training metrics, phone-free music, & up to 23 days of battery life in smartwatch mode.

www.garmin.com

They do heart rate monitoring so they can train at the optimum level. i think I chose the right watches but there is a range.

 

[JohnDe]

 

[JohnDe]

This is the new competition. I know a cyclist and two rowers with these.

Garmin Enduro™ 3 | Ultraperformance GPS Smartwatch

Garmin Enduro 3 is an ultraperformance GPS smartwatch with up to 320 hours of GPS battery life with solar charging, lightweight design, and enhanced map navigation.

www.garmin.com

Garmin Forerunner® 965 | Premium Running Watch

Forerunner® 965 is a running smartwatch with a touchscreen AMOLED display, training metrics, phone-free music, & up to 23 days of battery life in smartwatch mode.

www.garmin.com

They do heart rate monitoring so they can train at the optimum level. i think I chose the right watches but there is a range.

I'm thinking of buying my son a Casio G-Shock for his next birthday, he's a landscaper and is hard on his watches.

it will never be a collectable, but I think that the watch as a collectable/investment is something that the people in the know will continue with for a very long time.

"Watches of the mechanical and high-end variety started to mean something different to buyers where the concept of utility is there, yet it is no longer the main-driving force for a purchase. A mechanical watch now is removed from the fast-moving world of disposable electronics that are chasing after the next technological improvement, where there’s a short life cycle of obsolescence given the moving target that comes with continuous innovation."​

"Divergence from the original path as tools assisted watches to rather become collectable pieces of art design self-expression and status that delivered a message that smart watches could not fulfill."​

​

 

[Knobby22]

I'm thinking of buying my son a Casio G-Shock for his next birthday, he's a landscaper and is hard on his watches.

it will never be a collectable, but I think that the watch as a collectable/investment is something that the people in the know will continue with for a very long time.

"Watches of the mechanical and high-end variety started to mean something different to buyers where the concept of utility is there, yet it is no longer the main-driving force for a purchase. A mechanical watch now is removed from the fast-moving world of disposable electronics that are chasing after the next technological improvement, where there’s a short life cycle of obsolescence given the moving target that comes with continuous innovation."​

​

I helped my Son buy the Gamin 965 for his 21st birthday in September.
He is a rower and they nearly all have one in that sporting age group.

He is having a big rowing test today to see whether he can get considered for the Victorian squad.
It's a big deal but he woke up with a cold so I am worried.

 

[JohnDe]

Mechanical watches hold a significant premium over quartz watches, mostly due to the romanticism of gears and wheels. I can understand that, I like mechanical things, and I also like the idea of not having to change a battery every few years. However, nothing beats the accuracy of a quartz watch.

Are quartz watches starting to become collectables?

 

[moXJO]

This is the new competition. I know a cyclist and two rowers with these.

Garmin Enduro™ 3 | Ultraperformance GPS Smartwatch

Garmin Enduro 3 is an ultraperformance GPS smartwatch with up to 320 hours of GPS battery life with solar charging, lightweight design, and enhanced map navigation.

www.garmin.com

Garmin Forerunner® 965 | Premium Running Watch

Forerunner® 965 is a running smartwatch with a touchscreen AMOLED display, training metrics, phone-free music, & up to 23 days of battery life in smartwatch mode.

www.garmin.com

They do heart rate monitoring so they can train at the optimum level. i think I chose the right watches but there is a range.

I use a garment forerunner. Great watch also have the polar range. Accidentally hit the garment with a hammer, metal, brick, backhanded a guys head multiple times with it and its held up great. Very solid.
Can tap and pay as well.

 

[moXJO]

View attachment 191750

Similar thing happened in the Australian coin market years ago. A company was guaranteeing overvalued % returns. It looked like a bit of a ponzi scheme at the time, I think people were buying in super funds.
Anyway the whole thing collapsed in a heap. I doubt majority of those people got close to what they brought at 20 ish years later.

 

[qldfrog]

Just want to add my 20c:
My father,based in Europe asked me about my thinking about a rolex....
I wear no watch usually, have a nice Maserati for show used for weddings funerals..
Why a rolex for someone not in watches..because you can buy a rolex in Europe, visit Australia and leave it to your son without incurring gift taxes/death duty taxes which i think are in the 50/60% marginal rate
So as long as i can sell it back for more than half the euro price, we all win....
That might explain these marketplace offers for euro, india wealth transfer

 

[sptrawler]

Just want to add my 20c:
My father,based in Europe asked me about my thinking about a rolex....
I wear no watch usually, have a nice Maserati for show used for weddings funerals..
Why a rolex for someone not in watches..because you can buy a rolex in Europe, visit Australia and leave it to your son without incurring gift taxes/death duty taxes which i think are in the 50/60% marginal rate
So as long as i can sell it back for more than half the euro price, we all win....
That might explain these marketplace offers for euro, india wealth transfer

I picked up a 1970's Rolex about 10 years ago for $2,800 from memory, I was going to move it on because the face was a bit small for me, but the wife grabbed it.

The watch keeps really good time, gains about 5 minutes a month, she loves it so happy wife happy life, as they say.

A quick check to see if a Rolex is genuine, the serial number is between the watch band posts, it is hard to see but should be there.

This is my favourite watch, a Zenith Elite with the El Primero movement, i picked it up new on a cruise when the company was getting out of top end watch sales.

Rolex serial number location.