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PostPosted: Tue Nov 06, 2018 7:42 am Reply with quote
Bryan
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Smart move - pw's are dead!

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PostPosted: Tue Nov 06, 2018 8:07 am Reply with quote
interstatetime
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Location: Indiana




Bryan wrote:
Smart move - pw's are dead!


I'm still buying them and so are you so...they aren't completely dead. The good ones are still good and the really nice semi good ones at a bargain are still good.

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PostPosted: Tue Nov 06, 2018 9:31 am Reply with quote
geno
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I'll stop buying when I'm dead, I 'm not going to waste 50 years of Knowledge by sitting on the sidelines. Geno
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PostPosted: Tue Nov 06, 2018 11:12 am Reply with quote
scotttzorfas
Chapter Member
Joined: 31 May 2015
Posts: 408




Guys- I started this hobby 4 years ago. I don't see how pocket watches are dead! The rare ones are still a thrill to have. The guide book is only valuable as to what Stephan said- the prices are useless. There is a lull in the quality of goods now, but that will change.
Scott

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PostPosted: Tue Nov 06, 2018 1:13 pm Reply with quote
Neilywatch
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Joined: 16 Oct 2010
Posts: 5178




I'm glad you're optimistic, Scott.

4 years is not a long time in this hobby compared to many of us (25 years for me) (60 years for Jon).

I remember preinternet the rare stuff was buried in collections forever. I was collecting for 15 years plus before I saw some of those rare american companies being offered for sale like Mcintyres or Reeds, etc. for the first time.

I hope the stuff resurfaces a little sooner than that!

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PostPosted: Tue Nov 06, 2018 1:18 pm Reply with quote
Bryan
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Location: OH




Folks, the market isn't growing. Rather, it is rapidly approaching values only equivalent to intrinsic case value + movement value. The old-timers who capitalized back in the 70's and 80's selling complete watches are now hitting it from the backside, riding the market down by aggressively scrapping, accelerating the damaging perception of this hobby. How do we expect any new collectors to take any of this seriously when 100's of movements that once resided in perfectly clean cases are now continuously shit out on ebay?

A lot of the same people who made this market (and made lots of $$ in the process) are now destroying / cannibalizing it - SUCH SAD TIMES!

Add to that, pocket watches have zero relevance except with their older collectors who have recollections of their daily use in society. As many have stated before, current and prior 2 generations don't collect tangible assets, they collect memories.


This market is, for all sake and purposes, DEAD.

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PostPosted: Tue Nov 06, 2018 3:24 pm Reply with quote
Jon
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Joined: 02 Dec 2002
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Location: Boston, Ma




IF THE COLLECTORS DON'T LIKE OR CARE NOT TO INVEST IN ORIGINAL GOLD WATCHES, i SUGGEST THEY FOLLOW GENO AROUND AND COLLECT MOVEMENTS LIKE NEIL, BOB ARNOLD, WATCH BOB, FOSSETTE DID WHEN HE WAS AROUND, AND AS THE COL. & THE MAJOR did centuries & decades ago!

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Jon "the truth" Hanson
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SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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PostPosted: Sat Nov 10, 2018 3:57 pm Reply with quote
Jon
Chapter President
Joined: 02 Dec 2002
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Location: Boston, Ma




The quality of goods only gets diminished due to fires, floods, earthquakes, bad watchmakers and scrapping--anyone one who thinks GOTFWs will again start appearing just do not understand this topic. Millions of watches were made and only so many were either rare or of quality. Due to due, damage and melting fewer and fewer exist. This will only get worse, not better!

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Jon "the truth" Hanson
Founder and President of Chapter 149--the leading horological collectors' club!
American Horologe Co -- America's Most Respected Name
SUPPORT ETHICAL PRACTICES IN HOROLOGY--Keep watches original--DO NOT SWITCH, PART OUT OR "CREATE" PW abortions!
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PostPosted: Sat Nov 10, 2018 6:01 pm Reply with quote
StephanG
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The good thing is that if the market dies, and I suspect fashion has a hand to play in this as well, then those who like to collect watches for what they are rather than what they are worth or how much profit can be made, will be able to enjoy their hobby that little bit more.

Doing something purely for the fun of it is always better than worrying about values or which way the market will go.

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PostPosted: Tue Nov 13, 2018 8:09 pm Reply with quote
PWhandman
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Joined: 20 May 2010
Posts: 1768
Location: Niagara Falls,NY




Hold on to some hope men.

There is a younger class of men gaining interest. Collecting-but also repairing,restoring,etc. I'm talking under 40. I've said this before.

I can't claim it's size-but I see it,I sell to it,and I sell hands to young men who sell PW's to them.
It ain't over yet. Smile I'm still tutoring,answering questions,guiding. Some of you must see this-?

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MartyB
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PostPosted: Wed Nov 14, 2018 1:42 am Reply with quote
StephanG
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I think that has always been there but from what I can see that is a different thing to pure collecting.

That is more about the satisfaction one gets bringing something back from the dead. It is a hands on thing and I would venture that value and collect-ability is less important.

The satisfaction comes from the fact you did it all yourself rather than the value or otherwise of the finished object.

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PostPosted: Wed Nov 14, 2018 3:14 am Reply with quote
John B Scott
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Posts: 49




I agree with Stephen and I also find it an honour to tread the same path that was followed by the talented people who created the watches, in the first place.

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PostPosted: Wed Nov 14, 2018 6:54 am Reply with quote
interstatetime
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StephanG wrote:
The good thing is that if the market dies, and I suspect fashion has a hand to play in this as well, then those who like to collect watches for what they are rather than what they are worth or how much profit can be made, will be able to enjoy their hobby that little bit more.

Doing something purely for the fun of it is always better than worrying about values or which way the market will go.


Damn, I agree completely with brother Stephen! Wink Cool

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The new Complest Guide to Watches
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