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| Are Swiss watches over priced? | Rate Topic |
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| Posted: Sun Oct 3rd, 2010 05:54 pm |
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1st Post |
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ndburley 3T WIS 
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http://forums.ebay.com/db1/topic/Watches-Clocks-And/Swiss-Watchesoverpriced/2000083967 I saw this post and thought I would share...My fav watch I have is a Steinhart......anyway it is an interesting read. Neo
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| Posted: Sun Oct 3rd, 2010 07:53 pm |
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2nd Post |
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Hammerfjord Moderator 
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Extremely funny to try to compare a Steinhart with a Patek Philippe ...The guy didn't find any other competitor to Steinhart? Also: A Steinhart worth half price after 10mnt you bought it? Is this "Gregory" taking his nose out of his top range watches? I never saw that even in auctions on the net. "Gregory" forgot also that it's possible to find an inhouse before to come to the top range and it's very high prices... Take a Nomos for exemple. He also forgot that watches with cases made of massive gold with very low production are offcourse more likely going up in value: There's the "collector factor" and also just look how the gold value been raising the past decade. Do like me and look on the net, there's some used top-ranged watch movements(Audemars,Lecoultre,Vacheron...) on selling and the prices is affordable for many. The thing is that most of those mvts are tiny and don't attract people who want a bigger watch. Personnaly ,I don't want a watch that's so little that it looks like a woman's watch and so flat that I have to blow my wrist's hair out of the dial when I want to read the time... Seriously: Precision and durability in a movement is not automaticaly comming from the highest ranged trades. Take a 6497 unitas for exemple: It will outlast your life time... For the precision, a proven 2992-2 COSC makes it as well. Maybe this earlyer link from Oscar should help to find out about the precision and the mass-production factor within an affordable price.... http://www.timezone.com/library/wbore/wbore631733384647656250 Also, from my last reading in a very known watch magazine, an inhouse Piaget(Polo 45 model caliber 800P) had a "minus" because the precision wasn't so good compare to the price: + 5 seconds/day. So let's not "peess" on the ETA mvts please mister "Gregory"... Thanks for the link Neo!
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| Posted: Sun Oct 3rd, 2010 07:56 pm |
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3rd Post |
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Birddogone 3T WIS 
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Hey Neo, I'm worn out after read'n that! hammer.gif I've come to believe the old saying "beauty is in the eyes of the beholder" If a watch speaks to you, that's all that matters. For me, I've lost most my desire to buy the big name brands due to the micro watch manufactures. I've owned Breitlings, Omegas, Heuers, Tag Heuers, Rolex, etc etc....the price and quality of these small companies is unbelievable!! I'm from the town that builds the H&B bats and golf clubs and was told once by a employee "it cost about $3.00 to built a $100.00 golf club the rest is advertising" Who knows? Only you, Rod
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| Posted: Sun Oct 3rd, 2010 08:47 pm |
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4th Post |
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mcwright Admin 
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The cost of manufacturing that golf club probably is for materials and maybe labor. But, I doubt it includes all of the costs involved. Advertising is a part as is employee health insurance and a bunch of other expenses.
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| Posted: Sun Oct 3rd, 2010 10:16 pm |
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5th Post |
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aujang 3T WIS 
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Pricing is a matter of demand and supply. Value is in the eye of the purchaser.
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| Posted: Mon Oct 4th, 2010 08:24 pm |
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6th Post |
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murphy j 3T WIS 
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aujang wrote: Value is in the eye of the purchaser. This is the most true statement that could be made. I don't buy a watch because it's going to rise in value. I buy it because I like it. The point I think Gregory was trying to make is that when you compare some of the upper scale in-house movements finishing/manufacturing methods to the mass production and different levels of finishing offered on ETA movements, then maybe to some people certain Swiss brands are overpriced and not on the same level as brands that have a lot more hands on to their production. It's like comparing a Chevy to a Ferrari. The Ferrari is damn expensive and requires a specialist in Ferrari to maintain. Take a Chevy 350 to any respectable mechanic and they can fix what is wrong. To me the ETA 2824 is the Chevy 350 of the watch world. It can be as plain or as hopped up as you want it to be.
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| Posted: Mon Oct 4th, 2010 09:13 pm |
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7th Post |
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aujang 3T WIS
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I absolutely agree with you. Even I think my Pam is stupidly overpriced. To follow your analogy its like having a Maserati with a Fiat engine But I still love it. With regard to the ETA versus inhouse movements question, the move towards manufacture movements is a relatively recent phenomenon, driven in large part by the Swatch Group's decision to stop selling ETA ébauches to companies outside of the Swatch family. The scramble to become manufactures by various watch companies had additional benefits besides vertical integration - it gave them cachet. But it wasn't all that long ago that watches from the Holy Trinity of Swiss watchmaking (PP, AP, and VC) used movements sourced from JLC and others. Granted, a JLC-sourced movement is not the same as an ETA. If the ETA is a Chevy 350 what would that make a JLC? I think what has changed is that consumers have now have different expectations. The type of movement in a watch is now more heavily factored into the perceived value of the watch.
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| Posted: Mon Oct 4th, 2010 09:54 pm |
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8th Post |
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murphy j 3T WIS
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aujang wrote: If the ETA is a Chevy 350 what would that make a JLC? Mercedes or BMW maybe? 
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| Posted: Mon Oct 4th, 2010 09:58 pm |
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9th Post |
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aujang 3T WIS
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murphy j wrote: aujang wrote:If the ETA is a Chevy 350 what would that make a JLC? 
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| Posted: Tue Oct 5th, 2010 03:04 am |
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10th Post |
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ndburley 3T WIS
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I love the responses here, very interesting views on the subject. Thanks for sharing!! 
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| Posted: Tue Oct 5th, 2010 06:24 am |
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11th Post |
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Hammerfjord Moderator
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Neo, there's no doubt about that many of us would be happy with a refined inhouse pilot from IWC but the price is another story... You can allways buy a "cheaper" IWC model containing an ETA movement who's refinished and ameliorated with 3 rubies...Note: I saw recently a brand new movement 2892-2 modified by IWC selling for around 300 buks on the net... So, yes, those models containing those movements or any 7750 are in my opinion overpriced. Anyway, on my side, I'm very glad about what I had for the price with my Steinhart "vintage" pilot. The finish is great and even the inside have nothing to spit venom about: It's a very good pilot who's strongly made with a very correct and proven 2824-2. I will never compare this with any inhouse pilot but the point is that if brands like Steinhart didn't exist, we, peolpe who don't bade in money, would ask for it.  
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| Posted: Tue Oct 5th, 2010 06:34 am |
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12th Post |
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ndburley 3T WIS
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I was not worried about my Steinhart as I love it to peices. Gregory was coming across a little harsh in his views and didnt think the comparrision was fair. I love my collection for what they are as it will be only me wearing them. I would buy another Stienhart any day of the week if I could afford to keep doing so. As for people who Bathe in money...do they not know water is better to clean yourself in? dancing.gif
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