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| Joined: | Fri Feb 15th, 2008 |
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| Posts: | 25 |
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I have been reading a lot about watches over the last several months and am thinking about starting to get into collecting. I've always thought about owning a really nice and fairly expensive swiss watch, which I will still probably do at some point in the future. Right now, I just have several quartz watches (Junghans RC, Phillpe Charriol, Citizen), but I just ordered my first automatic watch, an orient, from Long Island Watch. Can't wait for it to arrive! I wanted to see what an automatic is like before I (probably) take the plunge sometime to get a more expensive watch. After looking at more of the really nice watches on the Island Watch site, and their incredibly low prices, I've develped even more newbie questions than I had a month or so ago. I hope you can tolerate these. ;)
Here we go:
1) Given that a lot of moderately priced watches use ETA movements just like some of the more expensive watches, what really separates automatic watches in terms of cost? Is the difference between a $500 watch with an ETA movement really that far off from a $2000 Sinn or Ball Watch (as examples)? Is a $2000 Sinn that much different from a $5000 Rolex? I've been trying to think of it in terms of cars. A Rolex can be 10 times the cost of a "nice" $500 watch yet a nice mercedes may be only 3 or 4 times the cost of a Toyota Camry -- not 10 times the cost! Why such a huge difference? I don't even want to think about all of the watches > $8000 or so, because those would just be a pipe dream to me.
2) In general, watches depreciate. Correct? If I get into this hobby, I assume I should expect watches to decline in value unless they are really expensive or rare, right? Even if I buy a new Omega, for example, I should expect it to go down in value over time or is this an over-simplification?
I have more newbie questions, but I guess I'll stop here for now. thanks!
Rick