Prices for used watches: the market. LONG
- From: "Sammy" <mailscw100@xxxxxxxxxxx>
- Date: Fri, 30 Dec 2005 01:35:22 GMT
I think this is a little off topic but not much.
I've been interested in watches for just over a year. My interest was
sparked when I discovered what an automatic; self winding watch was :-).
I was delighted by the indepedance of the movement. It seemed to me like it
had a kind of heart.
So, I acquired a few autos. Then I set my sights on what seemed (at the
time) to be the original auto: a Rolex!
But, I couldn't afford one. I could afford a Tudor though....... just.
I bought and sold, bought and sold, bought and sold and was successful
enough to get myself a gorgeous Oyster Tudor without spending any real (I
only used money I'd made from selling watches) money.
Perhaps interestingly, I made some money (from watches) while raising the
money to buy my Tudor. I bought some more Tudors.
Then I kept on making money from my new watch habit and started buyng
Rolexes... and then selling them to buy a better one, and so on.
Nice story, eh?
The thing is that when I first got hooked, I wanted a little collection of
what I considered to be classic watches. Perhaps predictable or dull to
others here, but it's what I wanted in my little cabinet. For example, an
early Seamaster, a Poljot alarm, a Breitling (pretty much any auto), a Seiko
5, a Rolex Datejust.
Anyway, the point is (apart from my self indulgent rambling) that I got into
Rolex and Tudors rather than Omegas or others, which I was first keen on.
Lucky for me. The prices of Rolexes has shot up, while the bottom has
dropped out of the market for Omegas, Longines, Tag Heuer and (nearly)
Breitling and other similarly priced posh new watches.
I have a few ideas about why this might be but I'd be delighted to hear
ideas from people here. It's probably a sociological question rather than an
an horological one :-(.
I'm lucky because I have a lovely little stock of what are now expensive
watches. They weren't when I got them.
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