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23 March 2019, 01:13 AM | #1 |
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How does one get to Richard Mille status?
I’m an avid watch and car collector (seem to go hand in hand). Some of the pieces I own... 5190, 15305OR, Zeitwerk, etc...
Cars are my absolute passion and I will “go for it” with cars....have CGT, Speciale, 16M, MurcieSV, etc. So here is my real question...how do you guys afford an RM or multiple RM’s? I peruse these and the price of entry is $100k. Well for me, at that point I’m looking at cars. If someone has 3 RM’s that’s darn near a half mil. I’m now looking at a CGT (a bit more) or even a condo, but you get my point. My cars - some I finance, some I own, some I lease under my Corp. Is there a creative way to finance a watch of this caliber or am I to plunk down $150k. I’m not looking for an “if you have to ask, you can’t afford it....” I realize this is a sensitive subject, but I’m really curious. Sent from my Zeitwerk |
23 March 2019, 01:17 AM | #2 |
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For many it’s a drop in the bucket and for some they are allocating more of their assets to a watch than any man should. That’s life.
If I was even entertaining creative financing, I’d put my money somewhere safer like a Patek 5970 but I’m fake rich. For the record I don’t have a RM or a RM bank account
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23 March 2019, 03:44 AM | #3 |
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Monetized catfood YouTube channel.
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23 March 2019, 04:00 AM | #4 |
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I am no expert on creative financing but if I had to guess most just drop the $150K without batting an eye at that level. Judging from your list of cars you seem to be able to run in the RM crowd if you so choose.
As you said, your passion is cars and you put more financially into that then I ever would and some do the same with watches. Although I would guess in the RM crowd that it may not always be a passion for watches and more just ample amounts of money to burn. |
23 March 2019, 04:53 AM | #5 |
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Some guys make mid 6 figures and have few fixed expenses... some are making bad financial decisions... Others just have massive amounts of money. What looks like a random troll could always be a major business owner, a major executive, or the spouse/child/grandchild of some big shot.
It's the internet, it takes all comers. Even without an RM I know I had advantages 99% of people never get. |
23 March 2019, 05:55 AM | #6 |
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Some are born into RM, some achieve RM and others have RM thrust upon ‘em.
Hopefully not many are overstretching for a timepiece, but to sensibly drop those sorts of sums you’ve surely got to be well set and barely feel the expenditure. Sounds like at that price point there are other things which grab your fancy even though you have the coin to drop - which is probably a fairly normal response.
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23 March 2019, 06:03 AM | #7 |
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As a side note, RM is opening up a boutique on Newbury St. in Boston. Completely perplexed as to why (2nd side note: I am nowhere near RM $)
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23 March 2019, 06:05 AM | #8 |
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I’m sure many finance their purchases, many people live beyond their means. Seams like at least for you it’s just prioritizing your purchases, if you sold your cars and watches you could likely pick up some RM watches.
Just to state the obvious people who have loads of RM watches are likely very wealthy (or at least want to appear as such). Just because you and I would rather spend $1,000,000 on a nice condo, doesn’t mean someone else would just spend everything they make and more on clothes and watches. |
23 March 2019, 08:13 AM | #9 |
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there are companies that will let you borrow $ against the equity of a watch at a high interest rate if you ship it to them for safe keeping.
i digress as to how much RM is a status symbol now.. i liked it better when no one knew what it was, prices werent as crazy, and it was just a cool watch |
23 March 2019, 09:02 AM | #10 |
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Either have a yearly income thats at least 3-5mil per year or become an athlete that gets them for free
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23 March 2019, 10:53 AM | #11 | |
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Quote:
Some people may not be so much into cars. They may prefer to own RMs and take a bus. Different strokes for different folks.
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23 March 2019, 11:41 PM | #12 |
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23 March 2019, 11:52 PM | #13 |
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24 March 2019, 09:53 AM | #14 |
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one gets to "Richard Mille Status" simply by gathering up lots of money. at that point good taste and common sense for some may fly out the window.
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24 March 2019, 10:29 AM | #15 |
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Seems it’s the next logical step for you. Although if you have to ask about financing a watch, maybe it’s not quite the right time.
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24 March 2019, 10:44 AM | #16 |
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IMO. Looks like a clown watch.
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24 March 2019, 11:08 AM | #17 |
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RM just seems to look like a child’s toy to me, but I have seen exceptions.
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24 March 2019, 11:31 AM | #18 | |
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Quote:
there are actually quite a few of them in our locale but we only came across one that was tempting for us price-wise. can't recall the model but it looked similar to the ones always pictured, tonneau shaped and colorful dial. the foreigner owner ran a bunch of pok-pok (girly) bars in town and some other questionable enterprises and seemed to have gotten himself behind the 8-ball and needed to raise cash. he was willing to sell it for a song but we shied away from it due to it's sordid owner history. when i say song i'm talking asking $12k and desperate. last i heard he still has it. not our cup of tea. i suspect stuff like that is inflated on the internet but boots on the ground watch hunting will turn some of them up cheap. |
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24 March 2019, 12:13 PM | #19 |
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I take the bus to work every day and am happy to buy toothpaste on special offer if it liberates more money for the finer things in life. Ticked the silly car box a long time ago and moved on due to an inability to use them properly where I now live, and now watches (and to a smaller extent AV) are my only indulgences. As Ben says different strokes for different folks.
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25 March 2019, 01:35 AM | #20 |
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Priorities and planning.
For me it started with a major watch consolidation.
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25 March 2019, 10:56 AM | #21 | |
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Quote:
Seems to make the most sense.... So I went to a car show today and one of my friends has this cool RM matching his SVJ. He has 3 RM’s and an insane car collection. Sent from my Zeitwerk |
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25 March 2019, 01:49 PM | #22 |
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1) commit white collar crimes.
2) commit non-white collar crimes. 3) become a dictator. 4) be born rich. 5) work hard. get lucky. work hard.
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25 March 2019, 07:27 PM | #23 |
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^This! Spot on and this is coming from someone who will probably never own one in his lifetime. LOL! I’m a huge admirer of RM though.
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26 March 2019, 01:34 AM | #24 |
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Never say never...keep your dreams alive
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26 March 2019, 04:36 AM | #25 |
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26 March 2019, 05:23 AM | #26 |
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I need to make new friends, forgdt the RM
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26 March 2019, 05:50 AM | #27 |
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Well seeing what cars/watches you have I think you can probably afford a Richard Mille... Good for you
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10 May 2019, 04:08 AM | #28 |
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10 May 2019, 04:32 AM | #29 |
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I'm trying to become an IG model/influencer, but seems now many people want to follow a fat old white guy so I can afford a RM.
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Current Collection: Rolex 116710BLNR & 216570 polar Explorer II; Omega Apollo 8 Speedmaster; Tudor BB Bronze Bucherer Blue Edition; Heuer Heritage Autavia; Nomos Club Sport Neomatik 42; Breitling Aerospace, Avenger Blackbird, & Superocean 44; Seiko Black Monster; Mickey Mouse Timex Electric; and dare I say it...an Apple Watch too |
10 May 2019, 11:57 AM | #30 |
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John must have 8 wrists lol
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