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17 January 2019, 12:45 PM | #31 |
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Real Name: Greg
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FP Journe has brilliant movements and design and is still competitively priced amongst mass produced watches by Patek,VC,Rolex and AP. People lined up and are buying platinum Daytona’s and justify it because no one ever thought it would happen. Consumers drive the market and if someone wants something from a certain brand to fit their niche thinking on what would be the ultimate watch from the maker, the bigger companies can price how they want. They’re not selling watches to the masses. Your average joe might be able to get into a SS Rolex, which to me are astronomically priced to begin with, then add a bit of gold or some diamonds from the factory and boom, you’re talking $20k+. I’m a millennial watch collector, and am into horology more than most anyone I know, and when everyone decides to dump these watches, or when they pass and their kids inherit them, whose going to be there to buy them. This isn’t the 50s and 60s where production for Rolex was low, there’s a million of them entering the market annually. Breitlings hold their value as well as a BMW, VC isn’t even discussed by most, APs are hideous in their own right and I find them to be just as much a fashion statement as Hublot. RMs I have never been able to comprehend. There is hardly any value for the $$$ in todays market. It’s unsustainable the way things have been going. When I was 18, vintage sports models were within reach for me financially, with prices now, I’d rather put a down payment on a house. They can’t go up in price forever and the market is due for a correction. Even with rare vintages, beat up 6542s without original inserts are fetching near $40,000, who the hell is going to buy these crappy looking watches in 20 years. When I got into watches I liked vintage because of the process to make the watch, it’s much more admirable thinking someone designed the movements without aid of a computer, machined the parts manually, and hand assembled a mathematical masterpiece. With CNC machining and Cad drafting, it’s hardly a mechanical feat. But we shall see, I think the watch market is going to create its own demise once people realize how many of them are actually out there and spending $20-30k on something that’s hardly special doesn’t differentiate themselves from the millions of others who have done the same.
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17 January 2019, 12:59 PM | #32 | |
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17 January 2019, 01:21 PM | #33 | |
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That’s one potential reason that falls under my blanket statement of “for whatever reason” ;) |
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17 January 2019, 01:27 PM | #34 | |
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Exclusivity is the name of the game in this case. The diver and the 1159 aren’t in the same product class. The Jumbo is a two-hander that trades in the 30k range, and yes I know it has decades of heritage behind it, but it’s still just a two-hand steel watch. Regarding selling the watch at 26k, I’ll need to see one in hand before deciding if it’s worth it to me. |
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17 January 2019, 01:36 PM | #35 | |
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17 January 2019, 10:40 PM | #36 | ||
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FPJ gets my vote if you're going modern 'mainstream'. Of course there are many great independent mechanical watch creators who make a mere small handful of pieces per year. Hopefully people who desire true craft shy away from mainstream brands and seek something truly CREATED by a human. JMHO
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
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