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

[Brian E. Buxton (bebbmi]

I'm not sure I agree about people wanting to show off their  
investments / acquisitions. How often do you see anyone walking down  
the street with a Picasso, a box of $25,000 cigars or a $10,000 bottle  
of champagne?  Quite the opposite. They buy those items for  
themselves. And they usually keep their purcases very quiet.  Hence  
all of the anonymous buyers at high end auctions of all types. The  
items bought satisfy a totally different need other than flash and  
recognition. And just has been pointed out - would the average person  
even recognize a $75,000 watch, or a collectible piece of art?

Brian E. Buxton
Buxton Motorsports, Inc.
301 North Royal Ave.
Buxton Plaza
Evansville, IN 47715-2866

(812) 760-5513  mobile
(812) 476-2281 x 209  office
------------

Sent from my 3G Apple iPhone.




On Feb 7, 2010, at 2:02 PM, Fellippe Galletta <fellippe.galletta [at] gmail.com 
> wrote:

> 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
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