My Non-Investment Timepiece Collection!

hednic

Basenotes Institution
Oct 25, 2007
Technically, a mechanical watch is driven by a mainspring which must be wound either periodically by hand or via a self-winding mechanism. In the industry, however, watch vendors refer to "mechanical" as manual wind and automatic as separate categories.
 

StylinLA

Basenotes Dependent
Aug 9, 2009
Quartz watches are completely different in construction: simpler, more accurate, lower maintenance, much less expensive. Aesthetically, I find them devoid of interest. If I just want to know what time it is, I’ll look at my phone. If I want to wear a watch, it’s going to be mechanical/automatic.
I don't really think of myself as a watch collector, but I have a few. The thing that's annoying is at any given time, half of the batteries in your quartz watches are dead. Some are great, but I will only buy mechanical at this point.
 

hednic

Basenotes Institution
Oct 25, 2007
As wonderful as they are, unfortunately, that's the one drawback about mechanical and automatic watches, that they have to be kept fine-tuned as they're such precision instruments. Each year, I spend many thousands of dollars keeping mine maintained.
 

DoctorM81

Basenotes Dependent
Jul 26, 2011
I don't really think of myself as a watch collector, but I have a few. The thing that's annoying is at any given time, half of the batteries in your quartz watches are dead. Some are great, but I will only buy mechanical at this point.

I had resolved to stop buying quartz watches, this being a significant contributing factor...except I've just fallen in love with another 🤦‍♂️
 

hednic

Basenotes Institution
Oct 25, 2007
Rotary (Swiss made, pre-Chinese takeover). I like a nice watch but my budget is very modest, hence my appreciation for this brand - at least until a few years ago.
Appreciate the reply. It would be great if you have a photo to share.
 

DoctorM81

Basenotes Dependent
Jul 26, 2011
Thank you very much. Well I married early in life and have grandchildren approaching 30 and a third great grandchild on the way, so I guess you could say I'm in the twilight years of my life. No longer actively working on a daily basis but if you click on my user name and click the tab about me, you'll see the info you're inquiring about. 😃

Hednic, just curious, is this still available to view online (site isn't letting me)? Understand if not, of course.
 

hednic

Basenotes Institution
Oct 25, 2007
Hednic, just curious, is this still available to view online (site isn't letting me)? Understand if not, of course.
Yes it is. Click on the avatar (hyena) then click on hednic, and then at the bottom click on about. Not sure why the site isn't letting you. I'm not blocking my profile from being seen.
 

hednic

Basenotes Institution
Oct 25, 2007
No. Always take them to a small shop specializing in batteries
I used to do that when I was young, but then later in life acquired the tools and the know-how along with the ability to buy them wholesale which allowed me to change them myself.
 

DoctorM81

Basenotes Dependent
Jul 26, 2011
Yes it is. Click on the avatar (hyena) then click on hednic, and then at the bottom click on about. Not sure why the site isn't letting you. I'm not blocking my profile from being seen.

Ah, yes - sorry, I think it was me - I guess I'm (still!) getting to grips with 'new' site...:LOL:

Fascinating stuff! It certainly sounds as if you've lived a wonderful life. Very interested to learn that you're a PhD - by coincidence, I actually graduated with mine just last month (hence the very recent username change!)...and right on topic, my own very modest timepiece collection grew as a result - my mother gifting me an engraved watch, as she has on the occasion of each of my three graduations now.
 

hednic

Basenotes Institution
Oct 25, 2007
Very interested to learn that you're a PhD - by coincidence, I actually graduated with mine just last month (hence the very recent username change!)...and right on topic, my own very modest timepiece collection grew as a result - my mother gifting me an engraved watch, as she has on the occasion of each of my three graduations now.
That's wonderful! Congratulations! If you don't mind my asking, what is your doctorate degree in?
 

DoctorM81

Basenotes Dependent
Jul 26, 2011
That's wonderful! Congratulations! If you don't mind my asking, what is your doctorate degree in?

Thank you very much - I sometimes thought the end would never come! Officially it's economics, though my background is more on the accounting/finance side. Certainly think that's me done with studying for now, in any case...! :LOL:
 

PrinceRF

Basenotes Plus
Basenotes Plus
Apr 3, 2020
Thank you very much - I sometimes thought the end would never come! Officially it's economics, though my background is more on the accounting/finance side. Certainly think that's me done with studying for now, in any case...! :LOL:
Congrats on your big accomplishment! Did you take some time away from school to experience professional life before continuing on your PhD?
 

DoctorM81

Basenotes Dependent
Jul 26, 2011
Congrats on your big accomplishment! Did you take some time away from school to experience professional life before continuing on your PhD?
You could say that! My route through university wasn't exactly the conventional one - I left school relatively early, and worked professionally for nearly 20 years before doing my masters degree full-time. My first degree, and my professional qualifications were obtained while working my full-time job.

Many thanks for your kind wishes - it still doesn't quite feel real! (Definitely pleased with the impact graduation has had on my watch collection though... 😁)
 
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LiveJazz

Funky fresh
Basenotes Plus
Mar 16, 2006
Hey watch people...I follow a podcast called Business Breakdowns that dives deep into various public and private businesses - history, strategy, operations, financials, the whole deal. They recently covered Rolex. I'm not much of a watch person, but I found this fascinating in terms of the watchmaking industry generally and Rolex specifically. A case of success earned though quiet grit.

Gave a deeper respect for the industry and appreciation of the meaning of the hobby for folks.

Though you all might enjoy:
 
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DoctorM81

Basenotes Dependent
Jul 26, 2011
Now that would have served me well especially when I made a major life transition from education to finance and investment management. :)

I think I'm approaching a similar fork in the road, in terms of deciding whether to attempt to stay in academia or to commit myself to (re-) pursue a professional career - if I can manage it with a fraction of your success, I'll consider myself to have done very well.
 

DoctorM81

Basenotes Dependent
Jul 26, 2011
My usual daily watches are Shinola and Weiss. Weiss is an LA guy who sort of copied the Shinola model--buy Swiss guts and assemble locally with US sourced casings, straps, etc. That I can tell, hard core watch aficionados find Shinola and Weiss "cutesy."

I have a Shinola watch too - I think it's the Canfield model, but not entirely certain. Very nice sturdy leather strap. I like the brand a lot, with their emphasis on quality and durability - I've also had a couple of their everyday products like notebooks (the paper variety!), and would love to visit their hotel if I'm ever in that neck of the woods.
 

StylinLA

Basenotes Dependent
Aug 9, 2009
I have a Shinola watch too - I think it's the Canfield model, but not entirely certain. Very nice, sturdy leather strap. I like the brand a lot, with their emphasis on quality and durability - I've also had a couple of their everyday products like notebooks (the paper variety!), and would love to visit their hotel if I'm ever in that neck of the woods.
Glad to hear it. The company is sort of an interest of mine because the owner opted to center it in Detroit, my hometown. They make a good product and made a nice niche for themselves.
 

DoctorM81

Basenotes Dependent
Jul 26, 2011
Trying to get a sense of this. Is it a chronograph, sport, speedway etc,?
It's a chronograph. Shinola tend to be towards the casual end of the spectrum with most of their products in my experience, but with an emphasis on quality and durability that has become very rare in this day and age (though that's perhaps not such a relevant comment in the context of discussion of high-end timepieces). At 43mm, it's pushing right at the limits of how big I'd ever go with a watch face, but I do like it, and got it at a reasonable price.
 
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hednic

Basenotes Institution
Oct 25, 2007
Hey watch people...I follow a podcast called Business Breakdowns that dives deep into various public and private businesses - history, strategy, operations, financials, the whole deal. They recently covered Rolex. I'm not much of a watch person, but I found this fascinating in terms of the watchmaking industry generally and Rolex specifically. A case of success earned though quiet grit.

Gave a deeper respect for the industry and appreciation of the meaning of the hobby for folks.

Though you all might enjoy:
Thank you for posting this. I'm just getting through this in segments. Ben Clymer is a knowledgeable and fascinating individual. I'm learning new things about Rolex that I did not know especially its history and its place in the US luxury market. I was also glad to hear him confirm that ultra high-end Pateks, Vacherons and APs hold their investment value. On a personal level as these are the bulk of my investment pieces, that especially made me very happy.
 

hednic

Basenotes Institution
Oct 25, 2007
Another interesting fact I learned from the podcast provided above that I didn't know was that Rolex only owns one of its boutiques worldwide, in Geneva. All the other worldwide Rolex boutiques are owned by other companies.
 

PrinceRF

Basenotes Plus
Basenotes Plus
Apr 3, 2020
Another interesting fact I learned from the podcast provided above that I didn't know was that Rolex only owns one of its boutiques worldwide, in Geneva. All the other worldwide Rolex boutiques are owned by other companies.
Weird, I wonder why. Wouldn't have guessed it. That is an interesting fact.
 

Pitol0001

Pitol
Basenotes Plus
Nov 10, 2020
Weird, I wonder why. Wouldn't have guessed it. That is an interesting fact.
Hello,

My Dad was a professional watchmaker (at age 24) and passed away last year. He had 41 years of experience as a Horologist.

He repaired wristwatches and clocks (weather or atmosphere, marine, chronometers, grandfathers, wall, table, wooden cuckoos, etc)

He did worked for many Jewelry Stores between New York and Puerto Rico. He got tired of as.sho.les jewelry owners and opened his own shop.

He taught me everything about his profession, but I got a college degree and moved on when he retired.

I asked him how many Rolex he had repaired in his lifetime; he replied that everyday he repaired 30 watches on a daily basis (in his prime). From serious damages to simple ones, not counting battery changes, adding new accessories or cleaning gold watches. At least 6 Rolex watches monthly, give or take 72 Rolex watches a year.
Around 3K Rolex Watches in his lifetime…Only Rolex!…

So, why Rolex Co. owns only one of its boutiques worldwide????

It’s very profitable $$$, reliable, cost effective inventory, customer service friendly, etc…
Just owning one is enough!
And it’s a passive income for people who knows the business.

My Dad had a friend who was an Authorized Rolex watchmaker with all its merits, even he went directly to The Rolex Co. in Geneva to be trained as a watchmaker specialist for Rolex. Thru him he got discounts on parts, accessories and tools.

And he brought all his Rolex watch’s jobs to my Dad, to make the necessary repairs and fixes.
I hope help out a little,

Mick.
 

hednic

Basenotes Institution
Oct 25, 2007
So, why Rolex Co. owns only one of its boutiques worldwide????

It’s very profitable $$$, reliable, cost effective inventory, customer service friendly, etc…
Just owning one is enough!
And it’s a passive income for people who knows the business.
That would make sense.
 

LiveJazz

Funky fresh
Basenotes Plus
Mar 16, 2006
Weird, I wonder why. Wouldn't have guessed it. That is an interesting fact.
Aside from the above, my sense from listening to the podcast is Rolex wants to maintain strict operational focus on making the best watches possible. Managing a global retail network would be an expensive distraction. Also, if someone has a poor experience at a retailer that sells Rolex, the retailer is to blame. Rolex maintains its reputation (and can move its product elsewhere), staying above the fray. Very smart of them.
 

hednic

Basenotes Institution
Oct 25, 2007
The other thing I found very interesting from the podcast is that Rolex in its four different production facilities in Switzerland, manufactures it own steel and gold for its watches and all the diamonds used in its watches are IF with only one out of every ten thousand proving to be fake upon analysis.
 

Pitol0001

Pitol
Basenotes Plus
Nov 10, 2020
The other thing I found very interesting from the podcast is that Rolex in its four different production facilities in Switzerland, manufactures it own steel and gold for its watches and all the diamonds used in its watches are IF with only one out of every ten thousand proving to be fake upon analysis.
Great point!
 

hednic

Basenotes Institution
Oct 25, 2007
Rolex wants to maintain strict operational focus on making the best watches possible. Managing a global retail network would be an expensive distraction. Also, if someone has a poor experience at a retailer that sells Rolex, the retailer is to blame.
Very true.
 

hednic

Basenotes Institution
Oct 25, 2007
I asked him how many Rolex he had repaired in his lifetime; At least 6 Rolex watches monthly, give or take 72 Rolex watches a year.
Around 3K Rolex Watches in his lifetime…Only Rolex!…
Amazing! How did your dad get his start as an horologist at age 24 if you don't mind my asking?
 

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