4 ms·
The thing about luxury watch makers is, the independent or family owned ones (Patek, Rolex) never seem to have a recession. LVMH and Kering own most of the othe
by samdung 2y ago
The thing about luxury watch makers is, the independent or family owned ones (Patek, Rolex) never seem to have a recession. LVMH and Kering own most of the other luxury brands and they mass produce these luxury watches. Patek for example cannot/will not produce more than a certain number of watches every year
It's just supply and demand.
If you are buying a luxury mechanical watch buy from an independent/family owned company rather than from LVMH or Kering.
- toomuchtodo 2y agoDo you have a specific watch you’d recommend?
- samdung 2y agoI recommend and "independent watchmaker + in-house movement". Need not be Swiss. If you are getting started with mechanical watches buy an Orient watch (https://orient-watch.com/ https://orient-watch.com/). You can get one for < $200. When you want to upgrade - Nomos (https://nomos-glashuette.com/en https://nomos-glashuette.com/en). $2500 + Above this is what you can afford but always look for "independent watchmaker + in-house movement". I also like the designs of Junghans (https://www.junghans.de/en/ https://www.junghans.de/en/) but they use a thrid party movement.
- xlii 2y agoI was given similar advice and, I am sorry to say, it has proven completely worthless. My friend is completely crazy about mechanical watches and recommended me getting ~4000€ upcoming watch coming from reputable but not well recognized Italian watchmaker. They came after few months. Till this day he loves it - and it’s one of his favorites. For myself it was kind of meh and I stopped wearing it after a year or two. Some years later I Was gifted TAG Heuer and I noticed one thing: that expensive watch main function is signaling. It wasn’t only a time device, but widely recognized jewelry and was a conversation piece. And a watch today is ultimately useless gadget. Clocks are everywhere and everyone has a pocket watch in a form of smartphone. Taking signaling away only makes such expensive gadget even more useless.
- toomuchtodo 2y agoThank you!
- teo_zero 2y agoIsn't Orient owned by Seiko?
- Yodel0914 2y agoThey're owned by Epson, which is owned by Seiko Group. Seiko Group also owns Seiko Group Corp, which makes Seiko watches. So, like kinda? They're more like a cousin than a sister brand, though.
- Yodel0914 2y agoUnless I'm out of date, Kering owned UN and GP, but sold them. The big player other than LVMH is Swatch, which owns Omega, Hamilton, Blancpain, Breguet, Longines, Tissot etc.