Showing posts with label watches. Show all posts
Showing posts with label watches. Show all posts

Saturday, July 20, 2019

Watches do not make good investments

If you bought an expensive watch thinking that it is a great investment, you probably have been duped. This is because not all watches can appreciate in price. Rolex is probably the only brand that has consistently appreciated in price over the past five years and can appreciate over the next five years. This is because of the brand has been great at marketing, stimulating demand for its watches. At the same time, it has controlled the supply and distribution of its watches. For example, you cannot walk into any authorised dealer and buy a popular, stainless steel model. Unless you are a foreign tourist, you probably need to have a big book of business with the authorised dealer to get your hands on that popular model (with a slight discount) and flip it. 

Then again, what is your actual return on "investment"? Say you buy a popular stainless steel model, such as the Submariner, at USD8,000. But before that, you had to buy 3-4 pieces of Rolex in precious metals, making your outlay at 4 x USD10,000 plus USD 8K, USD48,000. When you eventually sell the Submariner at USD10,000, did you really make a 20% ROI? Other issues that will eat away your ROI are servicing costs, seller's commissioning, import/export taxes, etc. 

Moral of the story, you want a good investment, buy stocks. If you want people to know you have plenty of money on your wrist, buy a luxury watch.

Thursday, August 9, 2018

State of The Collection 2018 - Seiko, Citizen, Casio, Orient and a Seagull

The state of the collection is the term for watch lovers to show case their watches. This is similar to the annual portfolio review. Unlike your stocks, watches generally lose value, even if it is a Rolex.
 I started 2018 with just 4 watches, two of them gifts and two of them bought in 2016.

Two-thirds into the 2018, I have acquired ten more watches. They join the four incumbents on the reverse of a seat cover. Most of these 10 are affordable with great value. I will go through briefly in the various closeups.

Before that, I will most likely be asked - how are you going to wear all the watches? The answer is really one watch at a time. I only started recording which watches I wear to work the Monday that just past. Prior to the recent purchases, I wore the dress watches - those with leather straps - only for big events like presentations, interviews and weddings. Daily wear to the office were the watches on a metal bracelet. Only recently, I realised that I preferred to wear the watches on a metal bracelet because they do not give a sticky feeling in the Singapore weather, compared with the those with leather straps.


 In the below photo, the two Citizen watch are of the same model but with a different dial colour. They originally came on a metal bracelet but I changed them out of it with straps bought from Holbens to give them a dressier feel. They are priced at the range as Daniel Wellington watches but unlike the quartz DW, these Citizens are automatic with hand winding. They are almost the same as DW aesthetics wise, but you are getting good value on the reliable Citizen automatic movements. In case you do not know, if you see Miyota movement on a watch, this movement - the engine of a watch - are manufactured by a Citizen company.

The rose gold watch is a Casio Edifice I bought because of the rose gold casing. It offered me an alternative to the black leather strap of the Seiko Kinetic you will see later. One of the function I still haven't mastered, is the alarm function. I will try to figure it out on the days I am wearing it to work.

This is a busy photo with six watches in closer view. The watch with a metal casing on top of the all black watch is the Seiko Kinetic that was gifted. This is a lovely watch except that replacing the strap cost me about 100 dollars and a recent servicing cost an additional 100 dollars. I wear this watch mostly on formal occasions, particularly with black belt and black shoes, because this is how it is meant to be coordinated.

Below the Seiko Kinetic is the Casio G-Shock with a negative display. This is the reissue of the 1983 design and I use it for my runs. I may just bring it for my in-camp training but the negative displays means I will need to tap the battery more often as I use the illumination function.

Below the Casio G-Shock, the watch with the Pepsi colour bezel  - the outer ring of the watch - is a Seiko SKX. This is quite an old watch in terms of design but it is very popular with collectors. Most watch collectors' youtube video feature this watch at some point of time. It is popular because of its reliability as well as it being water resistant at 200 meters at a good price point.

On the right of the Seiko SKX is a Casio Edifice chronograph. A chronograph is a fancy name for stop watch. However, because of my rough handle and the lack of servicing during the course of the last 10 to 11 years, the push buttons are stuck and the service centres suggest I buy a new watch. The watch casing is a bit small and the integrated bracelet means it is not easy to replace the strap with something new.

On the right of the Casio Edifice, is a Citizen Promaster Eco Drive. This is the only quartz watch aside from the G-Shock I bought this year. Because it is powered by any light and it stores that energy for 6 months, I have yet to set the watch because it stopped. I have to keep setting the time, day and date for the automatic watches that I do not wear regularly. Eco Drive is a good tech and another reason for buying this watch is to see if it does last for 30 years without servicing.

The right-most watch is a Seiko 5 Sea Urchin. To the untrained eye, it looks like a Rolex Submariner.

Four more watches to go! The gold and blue Casio watch remains one of my watches of shame. I bought it because it was flashy but I realised that outside of the darts game, it was too loud and generally gathered negative comments, particularly from co-workers.

On the right of the Optimus Prime Casio is a Seagull 1963 reissue. This watch has plenty of history and again, on youtube, there are plenty of videos detailing its past. This is a mechanical watch and winding is required once every two days or less. This watch gets some attention because of its small size as well as its vintage aesthetics. As much as I love this watch, it is hard to match with my daily office wear, giving me the option of wearing it only on the weekends or off days.

Finally, the remaining two watches are from Orient, now a Seiko company. They have vintage aesthetics and a lovely domed crystal but are extremely affordable. If you did not know it, you would have thought they were bought in the 80s. The watch with the blued hands is the Bambino Generation 2. It is automatic, with hand winding and is hackable. Hacking is a term where the second hands stops when you set the time.  The right most is the Orient Bambino Small Seconds, also with the classic vintage design. What I do not like about the Orients is that their have 21 mm lug width. It is much harder to get replacement straps for odd sizes. The straps that come with the watch from the factory have much to be desired. Also, when you shake the watch, you do not think it is made sturdy. However, at its price point, you cannot really complain.

There you go, my #SOTC2018 !

If you have any questions, do post in the comments sections.

Saturday, May 26, 2018

My purchase of the Transocean Prospex SBDC041

I bought my first Seiko watch on 16 April after much consideration. The desire to buy a watch was driven probably by my need for retail therapy. So many things have not been happening in my life and I guess buying something other than darts helps a bit. It was not helped by the fact I noticed my boss was wearing a Rolex Submariner the day I had a one-on-one session. I previously thought he wore an Omega.

This Seiko is definitely more expensive than the previous two Casios I bought for myself. It was also above the original budget I had set for myself. Nevertheless, the Seiko Prospex SBDC041 Diver Scuba Transocean was still half the price of the Casio Oceanus I was initially looking at. It did help to anchor my mind at the even more expensive watches of Hublot, IWC and Rolex to feel that my purchase was relatively "cheap".

I bought the watch at The Bencoolen's 3D watch shop on my friend's recommendation. The place is well visited by tourist because they sell their Casios at an extremely competitive price. The Bencoolen is near the Guanyin Temple and OG and you will need to go into the building to realise the number of watch shops nestled there. the sales lady was not the most pleasant. She straight away gave me a huge discount off the stick price. I tried my best to bargain but I obviously was not good at it. I go the watch still, paying by credit card instead of the cash I had withdrawn. Will give a review in the coming months, once I wear it more often.





Sunday, May 13, 2018

The Darts Watch - Casio Edifice EFR-554SG-2AV


Heaven and earth. I bought this chronograph together with the dress watch. The colours reminded me of Optimus Prime from Transformers. However, almost everyone who has seen me wear this, says it is too loud and tacky. I have been told to stop wearing it if possible. Which is why I wear it on days I have darts league matches at night, my opponents will get distracted and possibly overwhelmed by the fake gold tone. 



Casio Edifice EFB 301JL 7ADR - My first self bought dress watch

 The Casio Edifice EFB 301JL 7ADR is the first dress watch I bought for myself. I bought the quartz watch in September 2016 along with another watch I will review later. I love the sapphire glass, rose gold casing and bezel. Further research informs me that this version does not have an anti-reflective coating, which would probably cost a bit more on top of the fact it is sapphire. The genuine leather straps are also comfortable. However, it being brown means I need to have brown belt and shoes to match. That is another problem for another time.

Saturday, May 12, 2018

The elegant Seiko Kinetic Premier SRN039P2

This is probably the most expensive gift to me by my girlfriend so far, the Seiko Kinetic Premier SRN039P2, with a retrograde day indicator. The small white hand will move all the way back up from Saturday, when it is Sunday. This is quite a cool complication which I will avoid for my future watches. More complications will also mean long run servicing issues. Nevertheless, it is a lovely dress watch which I have been wearing to formal occasions since 2013 instead of the Casio sports watch. The leather strap, sapphire glass and a see through back casing are features that also make this Seiko Premier Kinetic worth the money paid for.

Bye bye Casio Edifice

 These are some of my older watches. On the left were two watches gifted to me. The two on the right were ones I bought myself.
 My dad sent this Casio (EF514D 7AVDF EF514D) my girlfriend bought way back in 2007 for servicing. The B button has been stuck inside and I needed to get it out. However, the technician at Casio service centre, which is now at Novena, said it was beyond repair. According to my dad, various technicians suggest that the watch has taken too much of a beating. Rust on the inside was the most probable cause of death. Oh well.