How much of our income do we spend on our watchs?
I was wondering, as I was drinking a cold beer in the sun and admireing my brietling (my grail watch) whilst googling a variety of micro brands for the next watch... even though I have my grail and bought in the last 6 months why I feel I need anouther watch right now?
I mean I got my grail this year, on the premise of telling myself I won't buy any other watches this year and may not need to buy one for a year or two.... clearly that was just me, lying to myself.
But it got me wondering how much do us enthusiats actualy spend on watchs on a given year relative to our income... as let's face it our hobby isn't cheap
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I've spent <1% of a single year of my current income on the total of all my watches & accoutrements.
Granted, I've never been of the means/discretionary income before where I could buy anything above $100 with regularity.
Next year might be different though; 10-year anniversary coming up.
I spend all my money on watches and booze and drugs…
I spend all my money on watches and booze and drugs…
I've spent <1% of a single year of my current income on the total of all my watches & accoutrements.
Granted, I've never been of the means/discretionary income before where I could buy anything above $100 with regularity.
Next year might be different though; 10-year anniversary coming up.
Thank you for providing your insight, out of curiosity how long have you been collecting?
Iastly I hope that you have a fantastic 10 year anniversary and the Mrs buys you a lovely watch to celebrate 🍾
I've been collecting for about a decade now. Net spending on the collection is well under a percent of my collective income though that has varied somewhat year by year.
Any specific year is probably under 2%.
Odd to say on a watch forum, but especially now it feels like the opportunity cost to significant watch purchases is high.
My watches own me more than I do them. They’re always lifting my wallet.
On average I would say 5-10% of earnings depending on what I had been able to save. But would not spend more than 40% of what I had been able to save. I would never buy anything on credit.
Thank you for providing your insight, out of curiosity how long have you been collecting?
Iastly I hope that you have a fantastic 10 year anniversary and the Mrs buys you a lovely watch to celebrate 🍾
Collecting? only since the beginning of the year.
Accumulating? off and on, 10 years.
Not telling. 😅
I'm sat here with the wife,so definitely less than 1%😉😁 honest.
In a given year? Could be 5%, could be zero. It all depends on what I buy. I tend to save up for aspirational pieces and in those years the dollar amount could be about 5% of my gross pay. But it might take me 4-5 years to build up to that, so on average it's 1% or less annually, which is how I responded.
Well, I think this number fluctuates with all of us depending on many factors, like availability, urgency, watches being discontinued, etc.
In 2020 I bought my grail watch, my Breitling Navitimer Legacy Edition. This year (last week actually) I got my dress watch, my new Cartier Tank Must XL. Later this year for my birthday I'll likely pick up my final (luxury) watch for many years to come (I say this today...hehehe) which would put me in the "well over the 5%" option...but only for this year 😂
By the way congrats on your Grail Breitling! What did you get?
I haven't had a full year of work yet since I graduated last August so far this year I guess I'm around 6% of what I'd hope to have earned by the end of 2022, which is a lot more than I realized
I have to be honest that I don't really think about it that way. All I know is that I get to spend what's left of the discretionary income after my wife and daughter get done with their shopping 😉
Darn you for making me calculate this!! I immediately selected “1%” but after thinking for a couple seconds, it’s close to 3% this year.
I spend all my money on watches and live under the bridge. 🥹 The Taximan may be watching! 😜
Pandemic years don't count, right?
I've been collecting for about a decade now. Net spending on the collection is well under a percent of my collective income though that has varied somewhat year by year.
Any specific year is probably under 2%.
Odd to say on a watch forum, but especially now it feels like the opportunity cost to significant watch purchases is high.
I presume that's because the stick market is so low its better buying stock?
Pandemic years don't count, right?
😂🤣😂
Darn you for making me calculate this!! I immediately selected “1%” but after thinking for a couple seconds, it’s close to 3% this year.
Sorry buddy, that was exactly what happened to me 😂
Well, I think this number fluctuates with all of us depending on many factors, like availability, urgency, watches being discontinued, etc.
In 2020 I bought my grail watch, my Breitling Navitimer Legacy Edition. This year (last week actually) I got my dress watch, my new Cartier Tank Must XL. Later this year for my birthday I'll likely pick up my final (luxury) watch for many years to come (I say this today...hehehe) which would put me in the "well over the 5%" option...but only for this year 😂
By the way congrats on your Grail Breitling! What did you get?
I got a brietling superocean heritige in green with a black bezel
You definatley sound like you, you've gone on a watch spree 😂
I got a brietling superocean heritige in green with a black bezel
You definatley sound like you, you've gone on a watch spree 😂
Absolutely gorgeous! That green dial just pops on the SOH 👌
I presume that's because the stick market is so low its better buying stock?
Pretty much, though the recent rally has made that a little less attractive.
I think about it in terms of appreciating assets versus depreciating assets. Shares in companies, especially during bear markets, are appreciating assets. Watches, except for Rolexes and probably Pateks bought at retail, are depreciating.
I don't mind spending more on depreciating assets if I'm wealthier, so I try and pivot towards appreciating things when the prices are down.
Made a big purchase for 2022 so just under 10% for this year. Don't have SO, and rent/car payment are on the lower end of the spectrum so just thought I'd send it on a watch I really liked since I didn't have much else I was planning on buying. Definitely not planning on buying another watch in 2022, and likely 2023 as well. But I expect a strap or two, and maybe a couple of mod parts will likely pop up here and there. In the meantime, I'm just making a list of watches I like to see which will stand the test of time, and crossing my fingers for a higher paying job in 2023.
Made a big purchase for 2022 so just under 10% for this year. Don't have SO, and rent/car payment are on the lower end of the spectrum so just thought I'd send it on a watch I really liked since I didn't have much else I was planning on buying. Definitely not planning on buying another watch in 2022, and likely 2023 as well. But I expect a strap or two, and maybe a couple of mod parts will likely pop up here and there. In the meantime, I'm just making a list of watches I like to see which will stand the test of time, and crossing my fingers for a higher paying job in 2023.
What is S.O? And what watch did you get?