Bites: How to face the biggest fear in watch collecting.

Happy Tuesday fellow Crunchers!

Today I’m going to talk about a fear which has been affecting my collecting for a while now, and discuss how we can all face this menace without too many battle scars.

First, let’s check out last weeks action on WC…

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Three quick bites from WC this week for those in a rush…

Come and join in a little fun with @minutemeg’s "Lume battle" -

Come see some meaningful watches, both new and old… "Show us your father's day watch" - Mr.Santana

Check out these ‘high-roller style’ SOTC’s… "Show us your high end SOTC" - @ProtocolBen

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New members:

Welcome to the new members I’ve seen posting this week….

@JouriVanKhalf, @Thrawn, @chronochronic, @Omegawd, @JSMCDUFF, @afifghaz, @shirantha, @giuliovi, @Casiolightnin, @banzon, @Chilli_Badger, @wallyfdog, @invicta_archive, @SanSebi

Welcome everyone!

Hot posts:

This weeks topics that got the community talking…

"Old wrists" - @markhamer

"Patination on BB58 blue" - @j.enrique

"Your best watch photo" - @Accutron

"I'm mid-20's and I don't really get vintage style watches" - @LeoTam99

"What's the best companion watch for a Rolex Submariner under 1000 and 500 USD?" - @imluisnunes

"Am I boring?" - @BraedenCounts

"Watches and cars" - @TheGreatEscapement

Meetups and Events:

20th June – Watch Meetup Solely for Ladies – London

14th – 16th July - Windup Watch Fair 2023 – Chicago 15th July – Watches, coffee and sophistication meetup – Bloomington, IL

20th – 22nd October - Windup Watch Fair 2023 – New York

8th December – London Christmas Meetup – London, UK

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Big thanks to @Whitesalmon for setting last weeks photography theme of ‘Get wet’. He has cheekily picked two winners this week with these two awesome pictures…

@horologyhype

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@outoforder

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Come see the runners up and find out the chosen theme for this weeks photos here, which has been kindly set by this weeks guest judge @JaeBust.

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My picks from this past weeks watch releases.

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Top row, left to right: Andersen Geneve

Patek philippe

Longines Zulu time GMT 39mm

Tissot PRC powermatic 35mm

Bottom row: New Orient dive watches

Fratello Nivada Grenache chronograph

Micromilspec

Roger Dubios x Dr. Woo

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Updates from the YouTubers, Podcasters and brandowners in our community.

"Breitling Chronomat with issues: valjoux 7750 service" - @FrenchWatchCollector

"New watch brand Baobab" - @Gadlleto

"My AD is cooler than yours" - @Max

"The small seconds podcast is back" - @Jacob_M

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Longer posts from the knowledgeable and creative writers amongst the WC family.

"Does the watch world need a rock star designer?" - @AllTheWatches

"Watches of the 14 peaks: It's not just Rolex" - @Illuminatingwatches

"A Timeless love story: My journey with the Rolex GMT master II rootbeer" - @thewatchodds

"Carlo Ferrara reimagining timekeeping with aesthetic ingenuity" - @JSMCDUFF

"002 - The Endowment Effect" - @JSMCDUFF

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Trigger warning: Contains a reference to ‘The Journey’

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The fear of losing what you don't even have yet: How and why FOMO effects watch collectors.

The fear of missing out is a tricky beast....

...and I am an absolute slave to it.

I know when it's evil grip is on me and I'm just powerless to resist.

I think being a lover of obscure vintage watches in the sub £100 price bracket can make it particularly crippling, and a lot of it is the fault of you guys.

When most of the watches paraded in our community are in the £500+ category it is soooo very very easy to justify pretty much any £50 eBay find.

"Hey, at least it's not a CW 12 I’ve succumbed to!" I’ll tell myself.

And the chance eBay find is the absolute worst for me. Some random 70's Seiko with a pretty dial, or an unusual defunct vintage dress watch which costs the same as a Costa cappuccino.

If it's something pretty and unusual and, most crucially, I can't see another one elsewhere on the internet, it'll get its claws of 'you won't see another one like me ever ever again' into my brain and won't let go.

It sits itself down at the back of my mind and runs it's nails down the blackboard of my thoughts singing… "Once I'm gone, I'm gone. Only £50. Barely the cost of a meal out. You may as well. Just sell me again if you don't want to keep me… but maybe I'm an absolute gem, something really special."

Although this form of FOMO is my personal menace, there are other breads of this monster.

The limited edition release, the watch seen on sale at a price that’s too good to miss, or that possible future classic that is going to be discontinued.

All of these trigger that Pavlov instinct to click the buy button.

But why are we afraid of loosing something we don't even have yet? It's just crazy.

Perhaps it's because there's more to loose than just the watch...

Perhaps we fear not being the smart and savvy buyer we like to think we are? That guy who can see a bargain and capitalise on opportunities. Or perhaps we'd rather think of ourselves as the person who is brave enough to take the risks and fail... rather than the one who lets opportunity pass them by...

Or maybe it's just a really nice watch.

Either way, the fact is that we feel the pain of loss more acutely than we feel the joy of having.

We are so fearful of the pain we imagine feeling if we can no longer buy that watch, that we would rather face the consequences of a buying mistake.

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The chase of the dragon: Why is FOMO bad?

A wise individual on WC (I'm sorry, I forget who. WC is full of wise folks) once said "We are watch enthusiasts, not buying enthusiasts."

If we get too wrapped up in the buying process, the adrenaline buzz of the bidding or the frenzy of the limited release drop, we can forget to take pleasure in the owning and the wearing.

The constant chase can come with a rollercoaster of emotions.

The research, turmoil over the buying, adrenaline of the purchase (possibly mixed with some apprehension), the anxious unboxing.

That real burning desire to be wowed when we open the box...

It's like Quantum Leap. Quantum Leap

Hoping each time we unbox a watch it will be the leap to a completed collection.

Some will say: "But I took a chance on this watch and it's the watch of my dreams!"

Sometimes we get lucky, and it works out, and it’s a fact that the whole buying process can be fun and exciting... but also mentally exhausting if repeated too often, and especially if our watch buying is driven purely by FOMO.

Perhaps this is the real reason we end up choosing ourselves a grail?

So that we can have a defined finished line, and hopefully finally rid ourselves this endless compulsion?

Wow... this is getting bleak!

Let's get a bit more positive!

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Embrace the joy of missing out: The secret to beating FOMO.

The key is to find the joy in not buying.

As I said before, we feel the pain of loss more than the joy of having, so to try and beat the FOMO we need to uncover the JOMO. The joy of missing out.

The joy of not giving in to relentless consumerism. It's quite empowering to have the feeling that you could resist the evil ways of the advertising companies and calmly say "Not today" to the god of 'spend all yo money'.

The joy in the knowledge that you are a watch enthusiast, not a buying enthusiast.

The joy of knowing you have power over your impulses, and are not a slave to that inner demon with its nails to the blackboard.

The joy of knowing your watch collection is lovingly and carefully curated, and not filled with impulse buys and limited editions you didn't even want.

The joy of knowing you are one step closer to that special watch you are saving up for, or in the knowledge that you still have money in the bank if that particular watch you've been looking for an eBay becomes available.

The joy of knowing you can use that money you saved on something completely unrelated to watches which may (possibly) be even more fun!

The joy of knowing you have your time back. No more relentless researching or eBay hovering so you don’t miss a bargain.

The joy in learning to share the joy of others. Seeing that watch on the wrist of others and being able to be happy for them. "It wasn't for me, but I'm glad it's the one for you."

The joy of gratitude for what we already own and taking the time to appreciate our current collections.

The joy of becoming the type of collector you want to be. Thought out, considered, decerning, not driven by impulse or clever advertising.

JOMO is a muscle.

The more you exercise it, the stronger it will get. The more you learn to say no to yourself, the better you will get at it.

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Wabi-Sabi and the happy mistakes of the imperfect journey: Conclusion

Reading through the above you may come away with the feeling I'm judging those who choose to act on impulse.

Absolutely not. I've done it myself and I will do it again. And that's ok.

Taking a leap of faith and seizing an opportunity can absolutely be the right thing to do at times, but what we need to do is make sure that the choice of whether or not to leap into a purchase is driven by a feeling of desire rather than of fear.

Mistakes are all part of the process, and we shouldn't berate ourselves for them, because with mistakes come happy accidents and the ability to contrast the high points with the low.

A perfect collecting journey is a boring one.

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I would love to know if anyone else suffers with the FOMO like I do.

Any good or bad FOMO buying experiences?

And does anyone have any other good ways to tackle it?

Take care my friends,

Kaysia

Reply
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I generally take so long to make purchase decisions that even my impulse buys afford me enough time to decide if I really want the piece. This strategy certainly results in a lot of missing out, and I’ve been struck by FOMO before as well. I overthink everything and as a result have a curated watch collection due to most potential impulse buys being purchased by someone else, before I finalise my decision. 😂

Nowadays I maintain a permanent list of pieces I intend to acquire in the future, the only issue is deciding which ones to purchase first.

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🙏Confucius say....WatchGeckos got Zulu straps on discount Great read as usual👍

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Have you every considered starting a watch blog? You should.

The phenomenon that you describe with eBay is one that I have experienced. I am buying many fewer watches recently. I don't care that I may never see a particular version of a generic Swiss brand again. My box is filled with them. I am learning to enjoy what I have.

However, I can't completely break the cycle. I have bought a few vintage watches from an eBay seller that also has a brick and mortar store in the U.S. These are some of my best watches. They came exactly as described. Last week they had a Gruen "military" style watch listed. My ears pricked up at that description. Gruen famously missed out on all WWII military contracts because it was feared that they could not get their movements from Switzerland to Ohio to meet the contract demands. Gruen redirected its military designs to airline pilots, especially those making long distance flights and the Gruen Pan American was born. Pan Americans are among the most collectible mid-century Gruens. So, down the rabbit hole I went: checking all the obsessive Gruen sites and forums, reading every WUS Gruen post, learning what I could.

Somewhere in the mail is a Pan American coming my way. I rationalize the purchase just as you have described. It cost less then the dinner that I bought my family at a Japanese restaurant on Saturday. Look at the money that I saved. I didn't let it go. I didn't miss out.

The flip side is that it frees me to sell a watch. Perhaps I am lucky that I don't miss them when they go. Not once.

That badges debacle last week was not good, very not good. The former something with lasers increased his total by 44 new badges. So, he got a new name. The CWC wearer was dead last. He and the Casio Duro wearer each get an asterisk, their first. No word search for Wednesday. Friday's WRUW must be at sunset. Saturday's WRUW must be at sunrise. Wear another watch.

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I know from experience that limited editions is not for me. My thought process is way too slow for them. They are long gone when I finally decided I want one. No real FOMO though except for that Seiko blue ginza.

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I’ve had limited editions. I didn’t go looking for them. I found them in my ADs display case and I liked them. When I sold a couple of them, they weren’t worth more than others and not close to MSRP either.

I did buy one limited edition because it was limited but only because I was able to buy number 1/95. I felt that was pretty special.

As a rule, I pay little attention to limited editions unless they make it in a variation that I really, really like. But by then I have usually missed the release and can’t get one anyway. Which is fine by me. I was never their target market.

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A wonderful read! And I read in one sitting!! Got me captivated and very very relatable .

I fell and constantly falling into this pit of FOMO largely because being friends with your AD is not good lol… but that’s my fault. I personally is in a lull with watches and which is good like you said and trying to enjoy what I have…and not fall into the Pitt again…

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Tourbillon1916

I generally take so long to make purchase decisions that even my impulse buys afford me enough time to decide if I really want the piece. This strategy certainly results in a lot of missing out, and I’ve been struck by FOMO before as well. I overthink everything and as a result have a curated watch collection due to most potential impulse buys being purchased by someone else, before I finalise my decision. 😂

Nowadays I maintain a permanent list of pieces I intend to acquire in the future, the only issue is deciding which ones to purchase first.

The pain of endless researching is a problem I get too. I have no idea how to help with that though, so let me know when you figure it out 🫣

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YourIntruder

I know from experience that limited editions is not for me. My thought process is way too slow for them. They are long gone when I finally decided I want one. No real FOMO though except for that Seiko blue ginza.

Limited editions generally put me off because I really do feel like they are a manipulation.

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I think perhaps the consequences of FOMO are worst when it's a watch that you don't absolutely love, but you think you might really like and would be a good fit with your collection. At least if you absolutely love it, the purchase can be justified on the grounds you might have missed it, and you're still really happy with it. Yet those watches which would be a good fit, but you might like time to consider, present the greatest problems when time limited. Normally you'd leave it, and come back later if possible, but the FOMO forces you to buy now.

eBay and an interest in lesser known or vintage brands must be the worst for this.

Allied to FOMO, nowadays, must surely also be FOPI - Fear of Price Inflation!

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Davemcc

I’ve had limited editions. I didn’t go looking for them. I found them in my ADs display case and I liked them. When I sold a couple of them, they weren’t worth more than others and not close to MSRP either.

I did buy one limited edition because it was limited but only because I was able to buy number 1/95. I felt that was pretty special.

As a rule, I pay little attention to limited editions unless they make it in a variation that I really, really like. But by then I have usually missed the release and can’t get one anyway. Which is fine by me. I was never their target market.

I view limited editions as annoying rather than desirable. Surely the only reason you would make a watch limited is to drive people to desire it more than they otherwise would. It just feels too blatant in its sales tactics.

I wonder how well some of these collaboration watches would do if they weren't limited.

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Ichibunz

A wonderful read! And I read in one sitting!! Got me captivated and very very relatable .

I fell and constantly falling into this pit of FOMO largely because being friends with your AD is not good lol… but that’s my fault. I personally is in a lull with watches and which is good like you said and trying to enjoy what I have…and not fall into the Pitt again…

I have the same issue!

My AD is really lovely... which makes him an excellent salesman!

The fact I have no money stops me getting too carried away 😆

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JOMO!

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EBay is a real temptation zone. Especially if it’s something that with a new strap and a bit of polishing will look awesome. Not to mention ladies watches if you have someone who will wear them and enjoy them once you sort them out.

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Haha wow! Amazing photo @outoforder

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DeeperBlue

Limited editions generally put me off because I really do feel like they are a manipulation.

I don’t know if they put me off but not seldom they are a variation of classic configuration on the original. Why change perfection?

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Thank you @Whitesalmon and @Deeperblue, it’s an honor to sport the badge, I’ll wear it proudly! And to my fellow winner @OutOfOrder, congrats! Very creative “get dry” alternative take, love it! 👏🏻

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I might just have torpedoed my 1-watch-plan because of the damn FOMO.. Also I probably didn't handle well, my plan to wait for a sale or second hand price on my "backup" watch. So trying to save and be good really did cost me this time around....

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HorologyHype

Thank you @Whitesalmon and @Deeperblue, it’s an honor to sport the badge, I’ll wear it proudly! And to my fellow winner @OutOfOrder, congrats! Very creative “get dry” alternative take, love it! 👏🏻

It’s well deserved! Great shot!

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mjosamannen

I might just have torpedoed my 1-watch-plan because of the damn FOMO.. Also I probably didn't handle well, my plan to wait for a sale or second hand price on my "backup" watch. So trying to save and be good really did cost me this time around....

Maybe you can consider a 1-W plus a rotating guest watch? You'll likely loose some money every time you rotate, but at least you can keep that FOMO under control with something new every year.

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The FOMO is real. You described eBay vintage watches, I have Amazon and Casio's with the same dilemma.

I did however just recently beat out my own FOMO for a Baltic MR01. I was sooo close to buying one for Father's day. Then I reconsidered if it really fits in my collection, other things I can buy for that price, the movement, etc.....ended up buying a Seiko 5 on sale instead haha. And honestly I really enjoy the Seiko so much more and can see myself wearing it more often.

Even my latest Vario acquisition was an impulse buy. Determined I "needed" a rectangle dress watch. It actually is a very nice watch, but my FOMO comes from "checking off the box" sometimes and that also does not work let me tell you. There are too many variations and subcategories, you just end up creating more checkboxes in the end.

Great read as always!

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tonmed

Maybe you can consider a 1-W plus a rotating guest watch? You'll likely loose some money every time you rotate, but at least you can keep that FOMO under control with something new every year.

Maybe 🤔 I would need to decide on a limit I think.. One a year maybe? But what if I want to keep it 😅 I hope to keep this as my second watch... But it's not as versitile, so it's not a true backup... I dunno! I feel like I'm going a bit crazy...

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Mine is not necessary FOMO but more about the fear of not knowing (FONK!) and then missing out, i.e. the Lorier Worn & Wound Hydra II limited edition. Completely missed that announcement. Sigh...

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mjosamannen

Maybe 🤔 I would need to decide on a limit I think.. One a year maybe? But what if I want to keep it 😅 I hope to keep this as my second watch... But it's not as versitile, so it's not a true backup... I dunno! I feel like I'm going a bit crazy...

I feel like I'm going a bit crazy...

This is the watch enthusiast mantra friend hahaha.

As long as you have a second watch you will technically always have a backup. I still think you should e kept a Casio or GShock. Those don't count lol! Even a good old A168 is something everyone can own without any sense of guilt. Spend the extra $10 for a screen protector and you're covered.

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I feel FOMO but it's a weak force, I can't think of a time when it's motivated actual actions.

But FOBP - Fear Of Being Played? That's super real for me. Hype watches, game playing, building a relationship all feel like some person at an AD or brand is pulling my strings, getting me to dance to their tune and laughing at me the whole time. FOBP has made me draw a line through a bunch of brands even when I might like their watches.

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Fear can br an Acronym F = False E = Expectations A = Appearing R = Real

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Congrats to @HorologyHype, I love how dynamic that shot is! And thank you to @Deeperblue for hosting and @Whitesalmon for judging too! Pleasantly surprised to see I won, there were a lot of really nice shots last week 😅

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OutOfOrder

Congrats to @HorologyHype, I love how dynamic that shot is! And thank you to @Deeperblue for hosting and @Whitesalmon for judging too! Pleasantly surprised to see I won, there were a lot of really nice shots last week 😅

I asked for the additional badge if possible as I thought your pic was out of the box. surrealistic, well composed and super funny!🎯

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Thank you for addressing this so concisely. There are a number of psychological aspect to this hobby that nag at the back of my brain. Thanks for bringing them to the fore and helping address the issues.

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YourIntruder

I know from experience that limited editions is not for me. My thought process is way too slow for them. They are long gone when I finally decided I want one. No real FOMO though except for that Seiko blue ginza.

Why in the world was the blue ginza a limited edition? Seiko could have sold many more of those. Maybe that dial is too difficult to make? Of course, trying to figure why Seiko does anything is a waste of time.

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Perhaps the answer to FOMO is buying what you really like, and then setting the bar for the next one very hifh, perhaps unattainably so. That way, you get to enjoy what you like already, then postpone the next one indefinitely. In the process you are even able to save up and not waste tje money on your lesser desires. Works so far for me 😁