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$1,300 for this piece of Bvlgari...worth it ?

singveld

Alfrescian (Inf)
Asset
Patek Philippe marketing line:
"You don't really own a Patek Philippe; you just take care of it for the next generation." :rolleyes: :o

Rolex marketing line:
"You don't really own a Rolex; you just take care of it for the pawnshop every now and then." :eek: :biggrin:

so everyone else buy rolex , because they like the design, but singaporean buy rolex so that they can pawn it in future.
 

Khun Ying Pojaman

Alfrescian
Loyal
When someone buys an expensive watch, the last thing on his mind would be the possibility that he would be pawning it in a few year's time.

It's a 'tagline' widely used by Singaporeans who are shy to reveal his crave for something as materialistic as a Rolex. Why do these people feel shy ? This is because over the years Rolex has become synonymous with the term 'howlian'. So they came up with this excuse. People who are honest that they want to howlian will not even bother to explain why he prefers a Rolex.
 

singveld

Alfrescian (Inf)
Asset
this is one i like

431.63.41.21.02.001_main.jpg
 

GoldenDragon

Alfrescian (Inf)
Asset
When someone buys an expensive watch, the last thing on his mind would be the possibility that he would be pawning it in a few year's time.
If he had that thought, he won't be buying the watch.

Hence, the fact that Rolex has more resale value than Bvlgari would not even have been a factor in the guy's purchase decision.

There are many in S'pore whereby ups and downs come quickly. Perhaps you have not met someone in this category. The assurance of a Rolex's value in the pawnshops is one of the main deciding factor in buying a watch.

There are those who also want to upgrade. Not many offer buyback or trade-in. Rolex dealers are in this biz too.
 

ginfreely

Alfrescian
Loyal
Your friend's dad could be so rich even his friends cannot accept he wears fakes. Take Peter Lim for example. Even if head to toe are fakes, anyone dares to confront him? That's reality.

Yeah I believe so, afterall he gave a few condos - fully paid, not those on loan types - to my colleague and heard that is just small change to him as she is just one of the daughters, not son.
 

Ash007

Alfrescian
Loyal
For expensive watches, Rolex is the best, forget the rest. Don't spend between S$500 to S$2,000 on another brand within that price range just because you can't afford a Rolex. Go for a few hundred dollars S&T or a few tenners Casio. If you're the type that tens of thousands of dollars are no object, then you can buy whatever you fancy to your heart's content.

What about PP or IWC? No good?
 

Ramseth

Alfrescian (Inf)
Asset
What about PP or IWC? No good?

PP has managed to market itself as the prime of premiers. IWC has not much marketing. Anyway, both are not for wider markets. Only Rolex can fit it naturally between low and high incomes or networths retaining its worth.
 

Meltdown

Alfrescian
Loyal
i heard very expensive fake from prc is so good that even watch shop in europe cannot tell them apart.

I don't know about other expensive watch brands.

But it is certainly NOT the case with Patek Philippe watches. Each and every piece of PP watch produced by the company since the first piece of watch was produced in 1844 are registered in PP's database in Geneva. They have in their database the owners' names, addresses, etc... of all the PP timepieces the company has ever produced.

All an authorized Patek Phillipe dealer has to do to find out if a PP timepiece brought in by an owner is real or fake is to confirm the owner's name & address with Patek Phillippe Company's database along with the watch's model number, case number, serial number, and movement number and they should be able to confirm if the watch is real or fake. The dealer will certainly ask to see a photo ID to confirm the owner's identity.

Patek only produces about 40,000 timepieces a year for the global market. Whereas, Rolex produces about 1M pieces a year. All Patek timepieces are handcrafted. Whereas most Rolex timepieces are mass produced except the very high end timepieces paved and encrusted with diamonds that are handcrafted.

That's why Patek timepieces are so much more exclusive because they are so much rarer and so much harder to get. Just because someone has money doesn't necessarily mean that he can go to an authorized Patek dealer and get a new Patek timepiece right away. In most cases, there's only (1) piece available amongst all the authorized Patek dealers in Singapore if he is looking for a specific model number priced at the low end or mid-range category.

As for Patek's very high end timepieces (grand complication watches), he will need to special order and it can take up to 3 years for Patek to make the watch. Each piece cost between $250K to $2.5M depending on the model number, materials used, and how complicated it is. And they only produce a few pieces a year for each model of their very high end timepieces.

Most Patek owners convert their watches to cash at auction houses like Christie's, Sotheby's, or Antiquorum. Instead of pawning them at pawnshops like Rolex owners.
 

Ramseth

Alfrescian (Inf)
Asset
Whatever it's worth, movement and mechanics, PP watches are very ugly and if I ever happen to chance upon one, it's next destination is to Christie's or Sotheby's.

If you want precision in timing, get a digital watch. For crying out loud, no matter how precise is the movement, you can't read the exact 1/10th or 1/00th sec. on dial watch.
 

Ash007

Alfrescian
Loyal
Mate, you got to be kidding me, do some research before you sprout nonsense like this.

I don't know about other expensive watch brands.

But it is certainly NOT the case with Patek Philippe watches. Each and every piece of PP watch produced by the company since the first piece of watch was produced in 1844 are registered in PP's database in Geneva. They have in their database the owners' names, addresses, etc... of all the PP timepieces the company has ever produced.

Same for Rolex as well.

All an authorized Patek Phillipe dealer has to do to find out if a PP timepiece brought in by an owner is real or fake is to confirm the owner's name & address with Patek Phillippe Company's database along with the watch's model number, case number, serial number, and movement number and they should be able to confirm if the watch is real or fake. The dealer will certainly ask to see a photo ID to confirm the owner's identity.

Same for Rolex.

Patek only produces about 40,000 timepieces a year for the global market. Whereas, Rolex produces about 1M pieces a year. All Patek timepieces are handcrafted. Whereas most Rolex timepieces are mass produced except the very high end timepieces paved and encrusted with diamonds that are handcrafted.

All rolex timepieces are handcrafted as well. They maybe produced in higher quantity then PPs but they are individually handcrafted. Some models, not just the diamond, gold/silver version takes up to year for it to be handcrafted.

That's why Patek timepieces are so much more exclusive because they are so much rarer and so much harder to get. Just because someone has money doesn't necessarily mean that he can go to an authorized Patek dealer and get a new Patek timepiece right away. In most cases, there's only (1) piece available amongst all the authorized Patek dealers in Singapore if he is looking for a specific model number priced at the low end or mid-range category.

Actually, the low-mid end Patek's are Eta movements, you might want to avoid those, while Rolex low end is its own.

As for Patek's very high end timepieces (grand complication watches), he will need to special order and it can take up to 3 years for Patek to make the watch. Each piece cost between $250K to $2.5M depending on the model number, materials used, and how complicated it is. And they only produce a few pieces a year for each model of their very high end timepieces.

If you have the cash, why not. Problem is, most people haven't even heard of it or could afford, from the sounds of it, you don't either.

Most Patek owners convert their watches to cash at auction houses like Christie's, Sotheby's, or Antiquorum. Instead of pawning them at pawnshops like Rolex owners.
 
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