Ferrari Mailing List: Re: Need group wisdom on pricing for 2007 F430

[Fellippe Galletta (fellippe.galletta]

On Sun, Feb 7, 2010 at 2:48 PM, Mike Fleischer <themightytoe [at] 
gmail.com>wrote:

> Ah man it looked nice and I got it with about 4 other watches, I don't
> even wear a watch unless I go out all fancy, and that almost never
> happens :).  Besides who would even recognize a Patek Phillipe?  A Rolex
> sure...  Heck I had no idea until after buying it and then I looked it
> up online...
>
> But to answer your question...  The guy who blew a million on a piece of
> jewelry, clearly not as smart as the guy who saved $999,940.00 for
> something that might actually be useful.
>

The world of high end watches is very fascinating to me as I do not quite
understand it.

I understand the world of $upreme cars and $upreme audiophile sound systems
very well, two drug habits that have no cure....and should have no cure :)

But watches I find harder to get especially once you get past the $10k mark
or so. The more "high end" the watch, often times the less flashy and more
discreet (like Patek Phillipes). A friend of mine (former lister who will
remain nameless!) told me he took off his buddy's $75k watch at a bar and
realized he forgot to put it back on after he left. He came running back
about 15-20 minutes afterwards and it was still there! He said if it was a
$3k Rolex it would have been gone...lol.

I try to get into the mind of these guys....they really seem to be into the
workings of the watch, the craftsmanship, some of the same things some
Ferrari enthusiasts are into about Ferraris. To a certain point that's fine
but when you get to serious money watches, I can't imagine you'd be buying
them without some sense of wanting to show them off so at some point that
has to come into play. And then it would be somewhat hypocritical because
that's what their beef is against expensive Rolexes and Tag Heuers.

If you really have all the money in the world then maybe these are worthy
acquisitions, but otherwise hard to rationalize, IMHO.

FG