And therein lies my confusion, if you make watch choices with residuals in mind, you'll like end up with a collection of sports rolex watches and ignore other gems from jlc (a brand that seems all but forgotten on the forum) iwc, zenith, etc etc...
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Tastes change.
I have to date sold only 1 watch and it represented not even 5% of the value of my collection. That doesn't stop me caring about residuals as I know that in the next 40-50 years I hopefully have left on this earth, my tastes will change and i'll inevitably want to let go of watches I no longer bond with. I'd rather do that without writing off the value of the watch completely.
Do you have the same outlook for cars? Hifi equipment? Furniture? Just seems a little odd to me that many seem to consider it such a priority for watches on this forum, I wonder if they do the same for other purchases of high end goods.Originally Posted by Qwerty
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Absolutely. Perhaps not HiFis as i don't own one, but for me cars are a utility, rather than a luxury. That means I buy the car I need, not the car I want. If that were to change and cars became a luxury that I cared about then i'd approach it like I do watches.
This being a watch forum, most people here are interested in trying out a lot of watches, and are probably always on the lookout for the next one. Watches can be expensive, so unless you have limitless funds, you can expect to sell some along the way. This doesn't necessarily make you a compulsive flipper, but over the course of a few years most people find their collection evolving, and a few watches often turning into one much nicer one that used to be out of reach. You may end up with some long term keepers, but it tends to be a process. If your intention is to identify and then buy a keeper and hang on to it forever, you should probably buy it and then avoid this forum like the plague!
For me it's good to have the reassurance that I will not lose most of my money if I had to sell (for whatever reason: change/upgrade, a more important purchase, financial difficulty etc.). But I really have to like the watch as well and the watch has to suit my wrist too. Without those conditions I wouldn't be interested regardless of how well the watch holds or appreciates in value.
Camera equipement! A non-essential expensive hobby - like watches.
Correct but everyone has a choice. You just make the one that suits you. Personally I'll only ever buy if a) I like the watch a lot and b) if it has a reasonable residual value as tastes can change. If I liked a 'gem' that has poor residuals I'd consider pre owned. Just my choices.
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