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I believe the % from Rolex that get certified is 100%. Not 3%. Most major high-end movements are better than -4/+6 seconds a day anyway. Mechanical watches ar

by qwrusz 10y ago

I believe the % from Rolex that get certified is 100%. Not 3%. Most major high-end movements are better than -4/+6 seconds a day anyway. Mechanical watches are not trying to be accurate compared to quartz watches. Rolex watches could lose 1 minute a day in accuracy and would still sell thousands of watches a year. Everyone has a phone in their pocket, this product/toy/luxury is not about keeping time.

Animats 10y ago
Sorry, 3% was wrong. Wikipedia says Rolex is < 100% and that Breitling is 100% COSC certified, and that the entire Swiss mechanical watch industry is about 3% certified. The Rolex Submariner has increased in price about 3x to 6x over inflation since its introduction in 1957.[1] [1] http://www.ablogtowatch.com/rolex-prices-past-60-years-revealing-analysis/ http://www.ablogtowatch.com/rolex-prices-past-60-years-revea...
- qwrusz 10y ago
  Well that's for sure wrong too. That 3% for the industry is outdated, and whatever the current % I think it would refer to % of swiss watches not % of swiss mechanical watches. Anyway COSC is just marketing bullshit in my opinion, I don't think it matters or many people care about it, if they ever did. COSC is like Consumer Reports/JD Power (& Associates) certificates but for watches. People have long realized the useless scam of such things and know big corporations are probably slanging crap products that work more or less as expected, with a shady-at-best warranty in case it doesn't, and don't care about these tests. That inflation link means you could have bought and worn a mechanical Rolex you liked wearing for decades and made money on it! And at a return % way better than saving the cash and more comparable to the % investing in stocks. Assuming you're diversified, anytime you can enjoy an investment more than just a # sitting in a bank or brokerage account somewhere that is great. Sign me up. How have the prices of second-hand quartz watches compared to the prices of 2nd hand mechanical watches? Not good for quartz defenders I am guessing. What's the point of companies like Breitling continuing to make quartz watches anyway...
  - mikenuman 10y ago
    You have not factored in the cost of service, which is substantial

by qwrusz 10y ago

Animats 10y ago

Sorry, 3% was wrong. Wikipedia says Rolex is < 100% and that Breitling is 100% COSC certified, and that the entire Swiss mechanical watch industry is about 3% certified. The Rolex Submariner has increased in price about 3x to 6x over inflation since its introduction in 1957.[1] [1] http://www.ablogtowatch.com/rolex-prices-past-60-years-revealing-analysis/ http://www.ablogtowatch.com/rolex-prices-past-60-years-revea...

qwrusz 10y ago
Well that's for sure wrong too. That 3% for the industry is outdated, and whatever the current % I think it would refer to % of swiss watches not % of swiss mechanical watches. Anyway COSC is just marketing bullshit in my opinion, I don't think it matters or many people care about it, if they ever did. COSC is like Consumer Reports/JD Power (& Associates) certificates but for watches. People have long realized the useless scam of such things and know big corporations are probably slanging crap products that work more or less as expected, with a shady-at-best warranty in case it doesn't, and don't care about these tests. That inflation link means you could have bought and worn a mechanical Rolex you liked wearing for decades and made money on it! And at a return % way better than saving the cash and more comparable to the % investing in stocks. Assuming you're diversified, anytime you can enjoy an investment more than just a # sitting in a bank or brokerage account somewhere that is great. Sign me up. How have the prices of second-hand quartz watches compared to the prices of 2nd hand mechanical watches? Not good for quartz defenders I am guessing. What's the point of companies like Breitling continuing to make quartz watches anyway...
- mikenuman 10y ago
  You have not factored in the cost of service, which is substantial