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Originally Posted by Archetype
You are missing my point entirely. The two are very different and you don't compare apples to apples. Again you sound irresponsible when it comes to money as you do not seem to care about wasting it when you can avoid doing so.
Spending 10k for holidays and spending 10k for a Rolex is NOT the same. Both give you pleasure and satisfaction with the big difference being that with the Rolex your 10k will always be there should for instance an urgent medical attention at a private hospital is needed. Your holidays would have left you with nothing tangible to rely on at a future date. I am not saying one is better than the other nor am I saying we need to always think about value retainment but taking a vacation is not the same as buying a watch from a financial point of view.
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This is where we differ. I do treat them the same. There is no difference in my mind. When I buy a watch I consider it money gone. I would NEVER spend money on a watch or a vacation if I didn't have a fund set aside for emergency purposes. My parents instilled that into me. Because of this fund, I would never have to sell a watch for emergency purposes. If you would have to sell a watch to fund an emergency you may be spending beyond your means. Since I don't know you, I don't know if this is true or not.
Quote:
Originally Posted by Archetype
My point is IF one can avoid wasting money one should do so. It doesn't matter what it is that you are buying and why you are buying it. I think you misunderstand me completely.
Think of this analogy and compare it to buying a watch from a boutique vs grey market.
If you had in front of you on two different reputable websites two holiday packages both offering exactly the same but one was 40% less costly(due to a promotional event). In addition to this if you picked the cheaper one you would also get refunded 80% of your funds at the end of your trip. Which one would you choose? You come across as someone who wouldn't care which one he picked. I suspect you are very wealthy hence money is not a consideration for you which would explain your stance on this.
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It all depends. Am I against wasting money? Of course I am. However, the cheapest price doesn't always represent the best value. With one exception, I always buy from my AD(s). I have built a strong relationship with them which in turn I get allocated watches that others don't. And the cheapest price doesn't always mean the best service. Some of those bargain prices for vacations are bargains for a reason. I've worked my entire life to build up the nest egg that I have. I'm at the point in my life that I care more about value than whatever is the cheapest price around. As the saying goes, you get what you pay for.
Quote:
Originally Posted by Archetype
"I don't plan" and "I will not sell no matter what" are two completely different things though. If something unfortunate happened and you needed money you didn't have you would sell them and you know this. I have watches I just get bored of after some years and never wear them so I sell them OR something happens and I need access to funds so I sell them. These are the only reasons I'd ever sell a watch. Generally speaking so long I like a watch I would almost never sell it. Its nice to build a collection over time. Each watch has different meaning and memory associated to it.
I will reiterate it once more. Caring about the value of a watch doesn't make one less or more "true watch collector". If it does you haven't demonstrated it yet. What you have demonstrated is that you don't care about wasting money when there is an easy and readily available alternative not to which is fair enough. You don't need treat it as an asset to be prudent about where you are buying them from. Bar wealthy people I always feel sorry for normal folk who walk into boutiques and get ripped given the availability of alternatives.
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Again, there is a lot more to a purchase than price alone. My relationships with my AD's have gotten me things that others simply can't get. I don't think you understand this at all. And again, I don't see watches as assets, but rather beautiful instruments in a hobby I love.
Quote:
Originally Posted by Archetype
Yes I would buy it, but not from the boutique if am going to lose a shit ton of money just by walking out when I can easily buy it from elsewhere. This doesn't make me any less enthusiastic about watches. If I can minimize my loss I will if I can't (like with buying clothes) then I'd be happy to take the hit.
Selling or never selling it doesn't make a difference. Someone offers you something for 5 and someone else for 10 and you go for the one that offers it to you for 10. Everything else being equal you must be in a real minority to not care about getting a good deal.
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Again, as I have stated above, there is more to consider at times than just the cheapest price. Do I care about price? Yes, but it's not the only thing I consider when purchasing something. For example, when I buy something on Amazon I buy the seller, not the cheapest price. If I have to return something I want a smooth transaction. You hear that a lot when buying watches on this forum. That is, buy the seller, not the watch.
In the end, I think we just agree to disagree. Neither is wrong, we are just different.