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What's interesting about brands like MVMT and Daniel Wellington in particular is that it's not like they ever produced actual 'quality' stuff. Unlike a lot of t
by dmreedy 8y ago
What's interesting about brands like MVMT and Daniel Wellington in particular is that it's not like they ever produced actual 'quality' stuff. Unlike a lot of the brands in the article, where the 'premium mediocre' stuff is a kind of brand dilution from prohibitively expensive luxury stuff, MVMT and DW somehow managed to bootstrap the illusion of being quality without ever having had to put up the work for it. I guess it's made possible by some combination of what traditionally makes for a quality watch being somewhat opaque to a non-geek consumer (not that it's hard, it's just not something most people feel like spending time learning about), and the traditional definition of quality of watches moving away from functional timekeeping and towards fashion accessory (you can see this with Rolex too, as they start to move up-market).
This in contrast to TAG Heuer, which is much closer I think to the article's subject. Before TAG bought them, Heuer produced a number of absolute classics (such as the Monaco you mention) that they're only just getting back around to continuing now, with the current theme of vintage styling being hip again (something I am, don't get me wrong, grateful for!). But to your point, for a while, TAG tried to get by on brand alone, and sold a lot of relatively low-quality stuff at almost-luxury prices.
There is a possible means, however, by which this kind of process drives the genuine premium market. Some set of customers who buy a DW are gonna wear it and love it for a week, and then start to get pissed off as they find out that the cheap plating rubs off, or the applied indicies aren't applied so well and are rattling around under the crystal now, or that it loses 30 seconds a day. They'll start learning about actual quality differentiators, maybe geek out a bit if they are that type, be bothered they blew $300 on a $5 watch, but maybe next time around they buy a Tissot, or a Seiko. And then an Omega after that. And it's possible I guess that the number of people who go through this process is larger than if there were no such 'premium mediocre' market at all?
- jiveturkey 8y ago> MVMT and DW somehow managed to bootstrap MVMT and the like have come about due to forums and blogs. there’s no somehow about it. as mid market buyers have flocked to places where they can display and discuss their wares, MVMT etc have sprung up in symbiotic fashion.