Show your watch thread

_kabal_ said:
yeah, I bought quite a few from here years ago




tracked shipping via DHL is decent






For some reason I thought you were in UK





I could start a google sheet that I can share, and we can see where we end up with an order, and location JHB vs CPT, etc
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Add me to the list please. I see there’s a decent discount when you order more than 5
 
Some guys are flashing some tidy pieces on this thread, in our current climate of rampant crime do you guys have the balls to wear them out regularly and are they insured for all risks and if so what is the monthly premiums for that on a watch worth multiples of R10k+?
 
airborne said:
Some guys are flashing some tidy pieces on this thread, in our current climate of rampant crime do you guys have the balls to wear them out regularly and are they insured for all risks and if so what is the monthly premiums for that on a watch worth multiples of R10k+?
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The problem with watches is that it's almost impossible to determine replacement value, unless it's a pretty recent piece. You can't use MSRP, because in many cases people pay way over that to get a popular piece (think any Rolex or a Moonswatch). In the case of Vintage, it's value is so far removed from what whoever had paid for it back then. There's also the element of seasonal popularity (this year it's popular, next year it isn't). Lastly, many of these watches are purchased on international auctions (most of mine are) for less than what they're worth new, how would you determine replacement value on that? My recent Tag is a classic example - I paid 25% of what it's worth new because the seller thought it was broken and couldn't figure out how to open it to replace the battery (it's an automatic, it doesn't use a battery - it just needed to be wound up).

So how do you determine replacement value? Outside of that, many of us are collectors - items in that collection doesn't leave the house, but should still be insured under all risk as far as an insurer is concerned. This discussion frequently comes up on international forums and it seems the consensus is that most people simply just don't insure them.
 
gbyleveldt said:
The problem with watches is that it's almost impossible to determine replacement value, unless it's a pretty recent piece. You can't use MSRP, because in many cases people pay way over that to get a popular piece (think any Rolex or a Moonswatch). In the case of Vintage, it's value is so far removed from what whoever had paid for it back then. There's also the element of seasonal popularity (this year it's popular, next year it isn't). Lastly, many of these watches are purchased on international auctions (most of mine are) for less than what they're worth new, how would you determine replacement value on that? My recent Tag is a classic example - I paid 25% of what it's worth new because the seller thought it was broken and couldn't figure out how to open it to replace the battery (it's an automatic, it doesn't use a battery - it just needed to be wound up).

So how do you determine replacement value? Outside of that, many of us are collectors - items in that collection doesn't leave the house, but should still be insured under all risk as far as an insurer is concerned. This discussion frequently comes up on international forums and it seems the consensus is that most people simply just don't insure them.
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I’m mainly just interested to see if people still wear their nice watches out and about considering crime levels and difficulty/cost to insure.

I don’t collect for the sake of collecting, if I buy it I must wear it. I like vintage divers so not particularly expensive but it’d be really bleak if I lost my favourite one to a mugging so I don’t wear it often which sucks.
 
airborne said:
it’d be really bleak if I lost my favourite one to a mugging so I don’t wear it often which sucks.
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I had a watch that spend most of the time in the safe at home and when I decided to start wearing it full time I was mugged and it was gone so when I got the Michel Herbelin, I decided that I may as well wear it full time.
 
I have a range of watches that get chosen to context. Getting mugged and losing a very sentimetal Victorinox limited edition left me bereft... Its cheap n cheerful now to work and action stations. Dates and dines we roll out the wrist carpet...
 
airborne said:
I’m mainly just interested to see if people still wear their nice watches out and about considering crime levels and difficulty/cost to insure.

I don’t collect for the sake of collecting, if I buy it I must wear it. I like vintage divers so not particularly expensive but it’d be really bleak if I lost my favourite one to a mugging so I don’t wear it often which sucks.
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I buy them to wear too.
I also live in Cape Town, it’s safe here :p
But I try to be situationally aware.
If I am going to go to town and walk the streets I am not going to wear my rolex (which is by far my most valuable watch, which is probably grossly under insured, considering I added it to “all risk specifics” insurance years ago, before the stainless steel sports watch madness)

Just checked my policy - Explorer 2 16570 - R75K @ R250pm (I have no idea how much this reference is “worth” today)
Seamaster 2254.50 - R30K @ R140 (this is probably fine)
 
Currently got a big hankering for a Tudor FXD

I think it might be the perfect watch
Seriously considering if my Omega 2254.50 has a future….
 
airborne said:
Some guys are flashing some tidy pieces on this thread, in our current climate of rampant crime do you guys have the balls to wear them out regularly and are they insured for all risks and if so what is the monthly premiums for that on a watch worth multiples of R10k+?
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I wont personally wear anything too expensive in public. Short sleeves in a public place like a shopping mall or airport is asking for trouble. However, there are loads of other opportunities to enjoy more expensive watches out and about, weddings, braai with mates, even company events etc. Monthly premiums on "all risk" items are reasonable in my opinion, suppose its risk dependant.
gbyleveldt said:
The problem with watches is that it's almost impossible to determine replacement value, unless it's a pretty recent piece. You can't use MSRP, because in many cases people pay way over that to get a popular piece (think any Rolex or a Moonswatch). In the case of Vintage, it's value is so far removed from what whoever had paid for it back then. There's also the element of seasonal popularity (this year it's popular, next year it isn't). Lastly, many of these watches are purchased on international auctions (most of mine are) for less than what they're worth new, how would you determine replacement value on that? My recent Tag is a classic example - I paid 25% of what it's worth new because the seller thought it was broken and couldn't figure out how to open it to replace the battery (it's an automatic, it doesn't use a battery - it just needed to be wound up).

So how do you determine replacement value? Outside of that, many of us are collectors - items in that collection doesn't leave the house, but should still be insured under all risk as far as an insurer is concerned. This discussion frequently comes up on international forums and it seems the consensus is that most people simply just don't insure them.
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No offence meant to you on your collection, but every time I hear the "it's almost impossible to determine replacement value" chat, its normally from folk with a collection of scratched up Nixons, Diesel and Guess watches.

The reality is, there is only a small percentage of watches that consistently appreciate (Rolex steel sports models, great example), but they are unobtainable by the majority due to waiting lists and price. Even brands such as Breitling and Tag depreciate like German saloons when buying new. I wear what I enjoy and dont have delusions of grandeur that my 1987 Casio calculator is worth at least a R100k because its vintage
 
Tman* said:
No offence meant to you on your collection, but every time I hear the "it's almost impossible to determine replacement value" chat, its normally from folk with a collection of scratched up Nixons, Diesel and Guess watches.
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None taken, but you're not considering pricing on Vintage pieces like Omega and Longines for example. Consider what a decent condition 60's basic Seamaster goes for in the enthusiast market, anything from $600-$900. How do you go about establishing it's worth from an insurance perspective? Genuine question. Speedmaster day/date Reduced going for $1500 on average, how do you determine it's retail value seeing as they're no longer being produced either? What about an 80's Longines Hour Angle - the only watch to ever use the last Longines L989.2 movement going on average for $1800? Or, heaven forbid, a 70's Speedy Pro Mark II going for $2k plus? You're welcome to check my numbers on Chrono24 if you like...

The point or issue is determining such a piece's current replacement value. I'd genuinely welcome any advice you may have.
 
gbyleveldt said:
None taken, but you're not considering pricing on Vintage pieces like Omega and Longines for example. Consider what a decent condition 60's basic Seamaster goes for in the enthusiast market, anything from $600-$900. How do you go about establishing it's worth from an insurance perspective? Genuine question. Speedmaster day/date Reduced going for $1500 on average, how do you determine it's retail value seeing as they're no longer being produced either? What about an 80's Longines Angle Hour - the only watch to ever use the last Longines L989.2 movement going on average for $1800? Or, heaven forbid, a 70's Speedy Pro Mark II going for $2k plus? You're welcome to check my numbers on Chrono24 if you like...

The point or issue is determining such a piece's current replacement value. I'd genuinely welcome any advice you may have.
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Limited production numbers or special movements dont guarantee value unfortunately. The value is purely based on what someone is willing to pay in the market today.

What I tend to do is look at what some vintage pieces sold for on Ebay to get an idea of the market. What you dont want to do is use actual sale listings on Ebay (on Chrono24) as a guideline, because most sellers smoke Cape Tik.

You might have a super rare Longines Angle Hour that will sell for R50 at auction, and another person will have will have a much dinged up Seiko Pogue selling for R10 000 (just using examples).
 
Tman* said:
Limited production numbers or special movements dont guarantee value unfortunately. The value is purely based on what someone is willing to pay in the market today.

What I tend to do is look at what some vintage pieces sold for on Ebay to get an idea of the market. What you dont want to do is use actual sale listings on Ebay (on Chrono24) as a guideline, because most sellers smoke Cape Tik.

You might have a super rare Longines Angle Hour that will sell for R50 at auction, and another person will have will have a much dinged up Seiko Pogue selling for R10 000 (just using examples).
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100% - I was using Chrono24 as an example for pricing (so you don't think I'm pulling out my a$$). I generally buy most pieces on auction (no, not eBay) so I have a fair idea what these pieces actually sell for.

What my problem is, is how does the insurer attach that replacement value to a specific piece? I can show proof of what I paid for it at the time, but I might have bought a piece that wasn't working (thus getting it for a bargain). Now that it's working properly it's worth much more, how do I get that valued? Or I bought a piece 15 years ago, now it's worth much more because it's been discontinued and there's demand for it (like an SKX for example), how would that work? You see where I'm getting at? The price paid isn't necessarily what it's worth (and that goes both ways) - it's not like there's a 'blue book' that lists values like the case for cars.
 
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