- 3,835
- Leiria
I'm sorry... if you're going to spend upwards of $800K USD on anything, you'd better get your money's worth. I would feel ridiculously cheated if what you said about Richard Mille were true and if I were to buy that $800K+ USD watch from them that I saw in the DuPont Registry. $800K+ USD is a whole lot of money to invest in and spend to come up short in the end. I never realized watches could cost THAT much. A long time ago, I blogged about watches and saw one watch on Amazon retail for about $11K USD or $15K USD. I, meanwhile, am still pretty happy with my $23 USD watch from an Academy store.
Despite their quality "issues" (it's the screws heads that are mostly affected and you would need to really get into it to find those defects. Again a price to pay when they have a proprietary screw) they don't depreciate much, if anything really. The $800k USD a person is paying now is probably the $800k USD they'll get when they sell them. RM's are usually ridiculously limited, but, I'll be honest, some of them are engineering marvels, like the Rafael Nadal's special editions, or even the Alain Prost cycling watch that, to me, is wierdly appealing. But I agree with you, their quality is sometimes sub par and not worth the stupid prices.
But when it comes to expensive watches there are two different possibilites:
- The OTT diamond behemoth of questionable taste, like the Jacob&Co Billionare, a 1 of 1 watch owned by Floyd Mayweather
- Or the vintage watch, like the Rolex "Paul Newman" Daytona.