Poll: What kind of watch do you own?

Simple living, extreme early retirement, being wealthy, ...
BeyondtheWrap
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Post by BeyondtheWrap » Sat May 19, 2012 10:49 pm

I'm not really into accessories, so I don't have a watch. I use my cell phone and my iPod for telling time.


FI Fighter
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Post by FI Fighter » Mon May 21, 2012 7:47 am

cellphone only. I used to own watches but kept losing them. Finally decided, what's the point?


anomie
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Post by anomie » Tue May 22, 2012 12:47 am

quote from OP:
"I've gone through a couple Timex watches, which I regret buying, because I thew them away when the battery died."

Hi , the backs of those Timex watches can be removed, and the battery replaced for less than $10.
I have had an old Iron Man Timex for about 10 years now, using this revolutionary method of battery replacement. :)
And to answer the question, I do not wear a watch day to day, and could not care less. But can see how watch could be useful depending on one's circumstances!


woodpecker
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Post by woodpecker » Wed May 23, 2012 2:54 pm

I bought a TAG Heuer Automatic (swiss brand for divers watches) about 10 years ago when I was not yet really living frugally ;) Was about 1000 EUR (1300 USD) at that time.

I thought great, this is for life-time, no batteries and stuff.

But now after 10 years it would need an adjustment because it's loosing 3 mins per day, and the adjustment costs 150 EUR.

So life-long fun with one clock is unlikely.

...I switched to my mobile as so many here...


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Bankai
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Re: Poll: What kind of watch do you own?

Post by Bankai » Thu Apr 25, 2019 12:28 pm

Mother of all thread resurrections...

Reading through this topic, in 2011-2012 most forumites who answered here advised they don't own/use a watch at all, mainly due to watches becoming redundant since mobile phones came around. A large minority had/were using cheap/disposable watch ($1 - $100 range). Only a handful of people admitted to owning a (mostly entry level) luxury watch.

Since only a few of original posters are still around, it would be interesting to see if/how this trend changed. I suspect it might have only intensified since almost everyone owns a smartphone nowadays, thus making watches/mp3 players/cameras etc. largely redundant.

I don't own a watch (I had a couple of cheap ones when I was in school/college but they all broke at some point). The main reason being I don't like the feeling of metal against my skin. It also feels a bit like being chained. I rarely find myself in a situation where I need a watch - I'm either in the front of the computer, have my smartphone handy, or consciously don't want to know/care about what time is it. Plus, my small wrists make finding a good match difficult.

Having said this, I find myself browsing entry-level luxury watches and even contemplating a purchase every now and then. Which is quite irrational, considering 1) I don't need one 2) it would delay retirement by 1-2 months & 3) I'd likely not even wear it a lot.

Is there ever any good reason to buy an entry-level luxury watch (think $3-$5k)? Can this be treated as inflation proofed part of NW? It's not even a status symbol anymore since nowadays almost anyone can 'finance' a Rolex for a mere $100/month over a decade or so. Would you ever consider buying one, i.e. once you're in a runaway more and struggle to spend all your money?

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unemployable
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Re: Poll: What kind of watch do you own?

Post by unemployable » Thu Apr 25, 2019 12:38 pm

Haven't read through the thread so may have already been said, but more places than ever tell us the time, and not just smartphones. We didn't used to spend so much of our lives staring at computer screens, which show the time. Most cars didn't have clocks before the 1980s. I glance to my right and see two digital clocks in my kitchen, one right above the other. And so on.

Bankai wrote:
Thu Apr 25, 2019 12:28 pm
Is there ever any good reason to buy an entry-level luxury watch (think $3-$5k)? Can this be treated as inflation proofed part of NW? It's not even a status symbol anymore since nowadays almost anyone can 'finance' a Rolex for a mere $100/month over a decade or so. Would you ever consider buying one, i.e. once you're in a runaway more and struggle to spend all your money?
People collect watches just as with coins, stamps, Beanie Babies and thousands of other things. Yeah, I see no reason to have 37 different ways to show the time on your wrist, but maybe someone wants a Thursday watch they think they can buy for $3k and sell in a few years for $6k.

jacob
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Re: Poll: What kind of watch do you own?

Post by jacob » Thu Apr 25, 2019 1:11 pm

There's absolutely no reason to buy a luxury or a nice watch or even an ugly watch in this day and age. Telling the time or as an investment are mostly poor reasons for owning a watch. To me they're a kind of jewelry but not in a way that makes me look/feel great but rather as a mechanically nice or technologically interesting thing I can carry around using the excuse that it incidentally tells time. This means that I own watches for the same reasons that some people might put pictures or paintings on the wall or knick-knack on their shelves. The only difference is that I put it on my wrist. Some watch lovers go so far as to put one on each wrist. I don't go that far, but I do have more watches, namely five, than what makes sense rationally, which is more like one or none.

You might compare watches with classic cars or motorcycles. There's no reason to own or invest in those either. They cost a lot but can be sold to a greater fool for even more if your timing is good. You worry about scratching them and maintenance is a hassle but then you don't mind that because the joy of driving or even just looking at one is worth it. Still it is mostly an act of consumption that is only confused with investing because sometimes demand exceeds supply and prices go up.

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Re: Poll: What kind of watch do you own?

Post by prognastat » Thu Apr 25, 2019 1:36 pm

I have an Apple Watch. Still the very first model and haven't felt the need to upgrade and not sure if I would buy another if this one broke.

Honestly the only reason I wear it every day is the health/fitness tracking ability as I tend to use my phone/computer for telling the time the vast majority of the time. Not sure even with the added functionality of fitness tracking whether I can recommend it though.

I used to own a skeleton style watch a long time ago because I like the watch mechanism and being able to see it, but that broke and I never replaced it.

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Re: Poll: What kind of watch do you own?

Post by jacob » Thu Apr 25, 2019 1:58 pm

@Bankai - You should also know that watches need maintenance just like cars or any other mechanical object. If it's a mechanical, a cleaning with a complete disassembly/assembly+lubrication (the oil dries out) can cost ~$200 for a regular watch (7 or 11 jewels typically) and $300+ for a chronograph if you pay a professional(*). If you defer it, the gears will grind down quicker and the watch will lose value/accuracy. Quartz watches are notably cheaper and you can skip the oil since friction plays no role in the time keeping. Battery changes are easy ... except if you leave the battery for years to corrode, something that has sealed the fate of many neglected quartz watches.

(*) This is roughly the same as the cost of a good set of tools (Bergeon) for DIY maintenance.

Campitor
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Re: Poll: What kind of watch do you own?

Post by Campitor » Thu Apr 25, 2019 4:40 pm

I use a G-SHOCK. I find it uber convenient to glance quickly at my watch than pulling my iphone out of my pocket. I have fancier watches but they don't match the practicality of the G-SHOCK .

suomalainen
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Re: Poll: What kind of watch do you own?

Post by suomalainen » Thu Apr 25, 2019 5:19 pm

My initial reaction when I saw the topic title was "Who the f*ck owns a watch?" But, you know, to each his own. Most people probably don't carry hiking boots, 4 racquetball racquets (and balls), 2 tennis racquets (and balls), disc golf discs, mountain bike shoes and helmet and bike pump, and various bike parts in the trunk of their car at all times. You know, just in case.

OTCW
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Re: Poll: What kind of watch do you own?

Post by OTCW » Thu Apr 25, 2019 5:42 pm

I have a lot of watches. Vintage mechanical Hamiltons are what I enjoy most. Also quite a few Seikos. Timex. Casio. Ben Russ. Bulova. 1 vintage Rolex.

I don't buy the fashion brands like Fossil or Geneva. Just don't care for the flashy look of most of them.

I just like them.

Nomad
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Re: Poll: What kind of watch do you own?

Post by Nomad » Thu Apr 25, 2019 5:52 pm

I have owned a couple of watches, they always broke.
Like most people these days I use my mobile phone as a watch, plus camera, etc. plus phone.
Also, I have a heart beat monitor, I think that tells the time too.

sarger17
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Re: Poll: What kind of watch do you own?

Post by sarger17 » Thu Apr 25, 2019 6:17 pm

I own a simple fossil watch (got it as a gift). It's a $50 watch. People always comment how nice it is, I think they think it's expensive at a glance lol. It's been about two years, no maintenance yet.

Freedom_2018
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Re: Poll: What kind of watch do you own?

Post by Freedom_2018 » Thu Apr 25, 2019 6:41 pm

Casio GShock GW300 bought from Costco in 2003.

Since then the elements have eaten the outside shell (I wore it all the time including showers) and the 10 yr solar battery has given out. I ripped out the rest if the outer shell exposing the red inner shell and replaced the worn straps for $11. Replacement cost of similar solar battery costs $35ish...so I was almost ready to buy another watch.

But poked around the web a bit and found a similar battery but non solar chargeable at about $2 for a 5 pack...so replaced the solar battery with those and so far so good. Also watch looks kinda unusual with the red body and black straps.

The only thing I now own that predates my relationship :-)

Seppia
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Re: Poll: What kind of watch do you own?

Post by Seppia » Thu Apr 25, 2019 6:45 pm

Watches are my #1 weakness, and my attitude towards them is exactly the same as Jacob’s.
I see them as mechanically interesting man jewelry.

I own a couple cheap seikos, an Omega (gift from the wife) and a couple older (five digit) Rolex.
Buying used is the best way to insure against loss of money, depreciation on watches is similar to cars: he/she who buys new takes the biggest hit (Rolex and a couple other very scarcely available brands being perhaps the exception).

If you know what you are doing you can buy used and eventually flip losing only the cost of shipping, a few times I’ve even made some (small) amount of money.
Tag depreciates quite a bit so if you are looking for a modern model you can probably buy it well.


Watchuseek is the biggest forum and the place where I buy/sell my stuff.
If I combine the last three-four years my watch budget has been very low (if I want something I sell something else).
Feel free to PM me if you need any assistance.

Freedom_2018
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Re: Poll: What kind of watch do you own?

Post by Freedom_2018 » Thu Apr 25, 2019 6:46 pm

Also while I have cell phone (Lumia 640) to tell time...it sometimes has to be in off mode to conserve battery on some trips.

Seppia
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Re: Poll: What kind of watch do you own?

Post by Seppia » Thu Apr 25, 2019 7:31 pm

jacob wrote:
Thu Apr 25, 2019 1:58 pm
(*) This is roughly the same as the cost of a good set of tools (Bergeon) for DIY maintenance.
I always wanted to dabble in this, but I’m scared.
I know I could “train” on some very cheap mechanical movements (a seiko with 7s26 movement can be bought new for $50), but how long do you think it would take for an average person to learn how to service a simple three hander?
Thanks

Sclass
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Re: Poll: What kind of watch do you own?

Post by Sclass » Thu Apr 25, 2019 11:08 pm

I own a dozen or so watches. Mostly ETA Longines. An ETA Omega. Retail value of the collection is about $20,000. I paid about $2000 for all of them. Bought used on EBay. I buy a scratched up one, swap in a new crystal, polish the case and add a band. Looks like new. ETA watches (TAG Heuer group luxury watches) depreciate really fast as Seppia said.

So that brings us to the next sad point, these watches depreciate quickly because they contain dressed up cheap movements made by ETA.

TAG is basically a fancy swatch group polished piece of mass produced Swiss material. I think Longines and Omega are too. So you get kind of a nice case and dial over a mass produced movement.

I used to repair and clean my watches like Jacob. I still have the tools. It is actually a pretty easy skill to pick up. I learned in bits and pieces from my neighbor who repaired watches. Then YouTube really helped me master subtle tricks a few years ago. It actually is pretty boring to me now because most of the movements are pretty much the same (I haven’t played with Chronographs). Just a bunch of gears, springs, latches, levers, ratcheting pawls held together by flat plates and screws. Once you clean a dozen you get the T-shirt and never look back. Didn’t Jacob try to sell off his tools at one point?

To learn I bought twenty cheap manual wind watches (no date) for $5 each at a closeout sale when I was 14. I destroyed three. I acquired an old book called Watch Repair by Henry Fried in college. This and watching the neighbor helped me successfully tear down the remainder of the $5 watches and reassemble them.

Recently I’ve gotten really lazy and I just buy ETA movements when I need to fix one of my watches. As I said, even my Longines and Omega automatics contain an ETA movement that can be bought for $100 online. You can swap out the plates in the movement that say “Omega” in gold and you have a brand new movement to drop into your sick watch. Like a heart transplant.

I forgot the ETA numbers but I found out that most of my collection have the same two ETA movements. I have the manuals in iBooks. Ah yes, ETA 7001 and ETA 2824. As common as a VW Golf.

So it is kind of a ripoff I guess. I mean a VW golf is a wonderful car but don’t just wrap it up in a shiny package and sell the same thing for an exorbitant price...Wait I guess that’s an Audi. Anyhow, Swatch owns almost everything now. So 9 times out of 10 you’re getting an inexpensive mass produced watch even when you pay thousands.

There are exceptions of course like Rolex and Patek that still make their own movements.

I used to want one of those but I’ve since lost interest. In retrospect I realize buying that garbage was a form of signaling. For what? I dunno. Maybe I wanted to look distinguished or maybe I wanted to show people I liked Swiss mechanics. At the end I no longer need to show anyone I’m rich. Nothing to prove anymore. No one worth proving anything to. And worst of all, the affluent people I socialize with wear real Swatch watches, the plastic ones! :lol:

This year I’ve stopped wearing a watch. I’ve been doing car restoration daily and I’m sick of taking off my watch and putting it safely in my tool box drawer to avoid scratches. I use a wall clock in the garage and an iPhone when I go out.

Not my best investment by a long shot. At least I no longer need them

Image

Seppia
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Re: Poll: What kind of watch do you own?

Post by Seppia » Thu Apr 25, 2019 11:16 pm

I see we have more watch nerds than I thought LOL.
In fairness, ETA movements (owned by swatch group) come in different grades and quality levels.
An ETA 2892 top grade is a pretty excellent movement, well regulated and nicely decorated, and is kinda night and day VS the workhorse, lower level 2824.
Both are much more reliable than the infinitely more expensive Pateks.
Rolex movements aren’t particularly nice either, they are also mass produced and even more reliable as ETA.

This thread needs more pics, so here is my current favorite, it’s a recent re-edition of seiko first “tuna can” diver, a very historically important watch for saturation divers.
While not exactly a beautiful/elegant watch, I love its quirkiness and uniqueness. $230 used

Image

Here’s my five digit no date sub

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And my five digit explorer II

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