4 ms·
Guy sounds like a dragon. What's the deal with the watches though?
by skeledrew 5mo ago
Guy sounds like a dragon. What's the deal with the watches though?
- NDlurker 5mo agoI imagine watches are more liquid than gold bars
- TZubiri 5mo agoalso they seem to be a virus that wealth-chasing people catch on to
- raverbashing 5mo agoGee I don't know, they look pretty solid to me, unless they're Dalí watches /s
- rubzah 5mo agoThey're very high value by weight, very fungible, and there is much less regulation about carrying them across international borders.
- 542354234235 5mo agoMoving a six-figure Audemars Piguet or Patek Philippe watch through an airport would be much easier than the equivalent in gold or cash, even at 50% value. A watch roll with four watches in it could be the same value as 4-5 lbs of gold. If you needed something that you could cash in anywhere on the planet fairly quickly, gold would be the best option. But if you wanted max value, minimal scrutiny and had time at the other end to set up legit buyer, extremely high-end watches would be a pretty optimal option.
- deleted 5mo ago[deleted]
- elektronika 5mo agoWatches are the commodity of choice for corruption in some circles. I know people in jewelry and a significant portion of their transactions are watches to Chinese businessmen, formerly through Hong Kong, now through Singapore. They're high value items with razor thin margins.
- solenoid0937 5mo agoI collect watches worth >$100k and I promise you that most collectors in this range are just watch nerds that have more money than they know what to do with. Singapore is a big watch market because it has a very tight knit and wealthy collector community. Margins on most watches in this range are around 10% on the low end. I wouldn't call that razor thin.
- cwsx 5mo agoWhat's the appeal of collecting high priced watches? Is it kind of like art collections, where its a decent store of value while maintaining a collection of something you are personally interested in? Or is it more for "love of the game"? Not saying its not a cool thing to collect, well made watches are a very cool piece of engineering, I'm just curious if there's any "special" appeal outside of "i like this thing and have the money to enjoy it" :)
- geocar 5mo ago> What's the appeal of collecting high priced watches? You can carry them on your person through airports and other places reasonably unmolested in a way carrying a bunch of cash isn't so easy. > Is it kind of like art collections, where its a decent store of value Art doesn't store value: It trades whatever number the parties exchanging it want it to have, so those parties can manipulate their total annual revenues, which might be confused with value if you cannot think of why else someone would want to tell other people they made more or less money in a year, but is not valuable to anyone else.
- skeledrew 5mo ago