Quote:
Originally Posted by uscmatt99
Well if he paid $25-30k then that is what he deemed it was worth to him. Regardless of what it could currently fetch, he couldn't replace it for the $25k he valued it at. I guess it all depends on whether you look at timepieces as fungible goods for exchange, or something to wear and enjoy.
My 38mm CS is selling for double to triple what I paid for it and is no longer in production. I wouldn't sell it though because I love the piece and wear it all the time. It was worth what I paid for it back then, but I wouldn't purchase at anywhere near the current asking prices.
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I think what ts3 is saying is that if you aren't willing to sell the CB or 5711 or 15202 or whichever watch you own at the current, let's call it $80K (what you would actually net) then the watch has more utility to you than the $80K which is similar to being willing to pay $80K for the watch. A lot of people will argue that it's not the same but for supply/demand economists it is.