Re: The wisdom of watching collectibles (NFC)
From: Mike Fleischer (themightytoegmail.com)
Date: Sun, 7 Feb 2010 12:29:57 -0800 (PST)
Oh I have no doubts they would never ask me for some Grey Poupon...

philville [at] dejazzd.com wrote:
You miss the point, you think the high end watch collector cares what you 
think.....think again. They only car about what other high end watch collectors 
think....the truly hard core among watch collectors know who owns what and when 
to wear which watch....and there is nothing Mickey Mouse about that--
Philip A Tegtmeier 39 Churchill Drive Elverson Pa 19520
610.525.8949
philville [at] dejazzd.com

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---- Mike Fleischer <themightytoe [at] gmail.com> wrote:
OK

Good points I guess, and I suppose watch collectors should be no different (but like I said, I hardly ever wear a watch, haven't since my first cellphone that fit in my pocket). And while most folks can recognize a Picasso or a Ferrari or a Rolex, I can honestly say a Patek Phillipe does not rank in recognizability. It just doesn't, poor marketing no question but there it is? Now that said its a handsome looking watch, no question, but Its still only a watch... It lacks that vroom vroom ness.

I think PT Barnum sums up my feelings on a million dollar watch (and those who would insure it for that...)... But if you get enough folks all believing in the value of something then I guess I get left in the minority, and won't go to those churches on Sunday even if they do have the nicest biggest screen TV's...




Brian E. Buxton wrote:
Problem is your looking at it as if it were only a watch. Or at a Picasso as only a painting. Or a $10,000 Hot Wheels as a kids toy. At that level it's an investment. Something rare and valuable that will appreciate. Something better than a stock 1. because it's insured and if destroyed, you will at least break even on it (or make $); 2. it's something you can enjoy and use while you own it; and 3. it's something that will be valued by others in the future and will continue to appreciate. So this is less sane that someone paying $150,000 for an F430 that you also put gas into, maintain, insure, store, AND sell 3 years later for $100,000?

Brian



Mike Fleischer wrote:
But Why the hell?

Its a bitty piece of jewelry? Christ are the uber-wealthy that bored? Really? Seriously big time douchebag territory for someone who would spend that kind of money on something so meaningless. This makes even less sense as people paying 1 million dollars for a comic book, or 10 grand on a hotwheels car to me. Seriously insanity I say! I am going to see if I can trade my Patek Phillipe replica for a 308 kit car! Heck I may even try for an F40 kit car!

Erik Nielsen wrote:
http://www.christies.com/LotFinder/lot_details.aspx?from=searchresults&intObjectID=5130651&sid=fa50265f-518f-4af0-bf1e-35e788fc3e21

That's not a typo, it's about 2 F40's in today's prices...


On Sun, Feb 7, 2010 at 12:16 PM, Brian E. Buxton
<BrianBuxton [at] buxtonmotorsports.com> wrote:
A lot of watches will hold their value much better than a Ferrari, and
won't break as often.  So when it appreciates you can buy another
Ferrari, that has been depreciating!

=)

B


Mike Fleischer wrote:

Ah well,

I can get you several of those (at least close enough to fool most)...
I have one myself that I picked up in Shenzhen.  Admittedly tougher to
bring these into Europe (I am told the fines are quite large).  But it
wouldn't cost you a 308 either :)

But I have to say anyone who wants to trade their sports car in for a
watch (even if it were a Miata), is just not a car enthusiast.  Sorry
Erik.  I never will understand the "more money than sense watches"  any
more than I get the whole Vertu business model.  I see the appeal of a
Ferrari, all of the ones I have driven have unique sounds and driving
persona that makes you want to push it a bit harder everytime you get
behind the wheel, and no question they look amazing just sitting still,
but to exchange that experience for a piece of jewelry?  Blasphemy I say!

Mike




--

Brian E. Buxton, President



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--

Brian E. Buxton, President

Buxton Motorsports, Inc. <http://www.buxtonmotorsports.com>

301 North Royal Ave.

Buxton Plaza

Evansville, IN 47715-2866

(812) 476-2281 x 209 office

(812) 760-5513 mobile

Member ThaList.com <http://www.ThaList.com>

President, Brian Buxton Enterprises, Inc. <http://www.buxtonmotorsports.com/storage-transportation.php>

Nationwide Enclosed Auto Transportation

Founder & Past President

SO. IN Region PCA

_________________________________________________________________
To unsubscribe or modify your subscription options, please visit:
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