Hello everyone! I am a college student and I have been in love with watches for about 2 years now and have greatly expanded my knowledge and taste on watches. I was thinking about the next watch purpose just like all us watch addicts 😂 and was curious on what your rule about buying a new watch is? I am thinking of the GMT Master II but it’s $11,000 retail so I obviously should save up more than that. What are your thoughts and watch buying rule that you have set for yourself?
Definite rules for personal buying.
-Personally I can only buy 6 watches in my life max so Im forced to make my decisions count, I have bought 2 so far with a third coming along the way for my 25th Birthday.
-all have to be different brands and face colours. Only buy watches on special or memorable occasions. (Overseas holidays or birthdays). 3 swiss and 3 Japanese.
-If a watch is given as a gift, it voids all the rules.
Some other considerations I take into account but not set in stone rules:
-If a watch is worth more than 20% of what my car is worth, evaluate if it’s more worthwhile to use the money to save for a better car.
-I need to actually be able to wear the watch. Dont want to get a grail piece yet if I feel I cant wear it on a daily basis.
-Dont see the watch as an investment, more as a hallmark of memories. I believe having memories associated with a watch increases its sentimental value and talking points, being able to point to a watch in your collection and go, ‘I got this from my wife’ or ’ I got this during my overseas trip in Japan’ etc. is more precious and valuable than saying ‘I saved 10k for this Rolex’. But that’s just me.
Yes! I agree about the sentimental value and memories tied to the watch! Also I like ur idea of being diverse with dial colors 😭
Interesting about the car rule. My watch is actually worth more than my car! Not because my watch is worth that much, but because my car is not worth much (<$4k I’m guessing)
The car rule is mainly put in place to keep my priorities straight.
I’d much rather own a nicer car. If the value of the watch can contribute to a dream car or something to upgrade from what I currently have.