What is your yearly budget for watch purchases?
Or how do you justify watch purchases? What is your watches spending habit?
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Christopher
@Chris.W
Welcome to my WatchCrunch profile.
Singapore
Member since
Last active: 1 day ago
I don't have a budget. I don't have to justify my watch purchases. When I see a watch I like, if I have the funds to get it, I either talk myself into getting it, or I don't.
Been trying to talk myself into a new Planet Ocean for a couple of months now.
I let myself buy watches until I hit 5% of my net worth and now I’m not allowed to buy watches until I get richer
There was a similar subject for a post here about a month or so ago.
At that time I voted sub £500 budget and commented that I was in a small minority and taking it slowly.
Last week I spent just over £4k on a Pelagos.
That rather blew my own rule out of the window!
So this time I voted B !
I got back into watches about six months ago. My personal system below:
Don’t think too hard $1,000 and under
Need a milestone or accomplishment to justify $1,000+
With these mental gymnastics, I’ve bought something like 9 watches (sold back 5) within the last six months, none over 1k. Also have two Lorier watches on pre-order. I may consolidate several pieces into a more substantial one or two. Next year is our 10 year anniversary, looking to add a 114270 Explorer to the mix.
I don’t really have a budget. When I buy a new watch, I usually sell at least one other watch, so the money stays in the system. Last year alone I bought watches for around 25.000€, but I also sold watches for 15-18k€. That means the amount I really spent from my income was the difference: 7-10k€.
Have about a $8,000/year watch budget. Buy what I want, when I want within that, based on cash on hand. 2023-24 will see me buy:
TUDOR Pelagos 39 M25407N-0001-$4600
NIVADA Chronoking 87033M-$2195
MONTA Noble-$1795
SECOND HOUR Mandala Burst~$600