Wayde van Niekerk’s watch costs R10 million

[Fulcrum29]

:crylaugh:

But yes, he deserves every little bit he gets.

 

[WaxLyrical]

If his net worth is R1b which it isn't, then yes makes sense.

Either it's fake or the dude doesn't know how to manage his wealth which is not uncommon.

OP couldve pain his legal fees with a smile but we squandered most of his earnings on valueless shyte.

 

[azbob]

If his net worth is R1b which it isn't, then yes makes sense.

Either it's fake or the dude doesn't know how to manage his wealth which is not uncommon.

OP couldve pain his legal fees with a smile but we squandered most of his earnings on valueless shyte.

Someone doesn't understand how sponsors work.

 

[Ho3n3r]

If his net worth is R1b which it isn't, then yes makes sense.

Either it's fake or the dude doesn't know how to manage his wealth which is not uncommon.

OP couldve pain his legal fees with a smile but we squandered most of his earnings on valueless shyte.

So you've ruled out all the other possibilities then. Great.

 

[Batista]

Stupid headline, it was sponsored?Do we expect an SA athlete who has only come into the limelight last year to spend R10 million on a watch?

 

[*SynergyX*]

what do you think the watch costs to produce though.... parts, material, labor totaled?

 

[Ho3n3r]

Stupid headline, it was sponsored?Do we expect an SA athlete who has only come into the limelight last year to spend R10 million on a watch?

Coz people are too ignorant to consider this.

 

[Garson007]

probably sponsored...

Not probably. It is sponsored. Businesstech is also like a week late.

 

[Jase]

Bloody hell, I hope it comes with a stop watch ...

 

[SauRoNZA]

That's a pretty ****ty looking watch for that kind of money.

I would trade it in on a Rado + Lamborghini thank you very much.

 

[Cray]

what do you think the watch costs to produce though.... parts, material, labor totaled?

Have done some reading apparently Tourbillon watches are all very expensive because of the difficulty in creating them..

http://gearpatrol.com/2016/03/04/why-tourbillon-watches-are-expensive/

In spite of the tourbillon’s uselessness, they’ve remained common among the uppermost echelon of the watch market. Most Swiss-made examples start at around $40,000 and price tags often break the six-figure barrier. This is because tourbillons are arguably one the most difficult movement to make by hand. The tourbillon mechanism is tiny, weighing in at under a gram, and is usually crafted with more than 40 parts, finished by hand and made from lightweight metals like aluminum and titanium. They require a special set of tools and a lot of time to make. For example, just to make a single A. Lange & Söhne Tourbograph Pour le Merite, its tourbillon chronograph movement takes 18 months

Despite the idea that tourbillion is supposed to counter the affects of gravity...

But wristwatches, with the wrist’s constant movement, naturally offer the same gravity-fighting effect as the tourbillon mechanism. In fact, it has been proven that tourbillons are not any more accurate than a traditional escapement on a wristwatch, and are in some cases even less so

So hugely pricey for no net gain in accuracy..

 

[Slootvreter]

Probably given to wear and be "spotted" with it

 

[Arthur]

Crazy world. Mukkitting. Probably costs $500 to make, so sponsorship is cheap. The rest is image.

 

[Cray]

Not sure how much this one costs, but it certainly looks cool in motion.

edit $ 500 000

[video=youtube;0J0rJTZfHmQ]https://www.youtube.com/watch?v=0J0rJTZfHmQ[/video]

 

[Knyro]

Crazy world. Mukkitting. Probably costs $500 to make, so sponsorship is cheap. The rest is image.

Pfft no it doesn't. Tourbillon watches are hand-made and difficult to craft. Because they are spring-powered and rely on pure clockwork to keep time the parts have to be made to extreme precision to accurately keep time. They tend to use a lot of Jewel bearings to minimise friction and other expensive materials. They also take a long time to make.

Some of them are really amazing, with multi-axis tourbillons, chains etc. really complicated mechanisms, that ordinary watches don't have. They are pretty much works of art, that's what makes them so expensive.

 

[Knyro]

If I had the money

[video=youtube;eXvwDPKOnxk]https://www.youtube.com/watch?v=eXvwDPKOnxk[/video]

 

[Arthur]

Pfft no it doesn't. Tourbillon watches are hand-made and difficult to craft ... so expensive.

Ja, you're right. $500 is on the low side. With modern wages 'n stuff it's more like $750. Jewel bearings were standard in schoolboy mechanical Lanco's in the 70s.

Here's a 17-jewel model, probably from the late 60s:

 

[Knyro]

Ja, you're right. $500 is on the low side. With modern wages 'n stuff it's more like $750. Jewel bearings were standard in schoolboy mechanical Lanco's in the 70s.

It's not the jewels in and of themselves. You can get diamond encrusted watches that are cheaper than tourbillons. It's the one-of-a-kind complicated mechanisms that make them so expensive. Like I said, they are pretty much works of art.

 

[Arthur]

It's not the jewels in and of themselves. You can get diamond encrusted watches that are cheaper than tourbillons. It's the one-of-a-kind complicated mechanisms that make them so expensive. Like I said, they are pretty much works of art.

Not disputing design and engineering. Just the manufacturing cost.

 

[Fulcrum29]

http://www.sowetanlive.co.za/sport/olympics/2016/08/16/wayde-set-to-cash-in-after-record-run

Wayde set to cash in after record run

Van Niekerk is managed by In-Site Athlete Management, an SA-based company that once represented the business interests of the now disgraced Oscar Pistorius, whose annual purse was estimated at R20million per annum. When Van Niekerk burst on the global scene at last year's world athletics championships where he became the first South African to win the country a gold medal in the 400m, his only sponsor was Adidas.

That soon changed after his historic performance in Beijing as he has had a busy time off the track signing endorsement deals.

Van Niekerk so far has financial services company Visa and German sports apparel manufacturer Adidas as his global partners, along with SA-based firms such as Defy (appliance maker) and T-Systems (telecoms company) as well as watch-maker Richard Mille that sponsors tennis star Rafa Nadal.

T-Systems said the brand aligned with Van Niekerk because "he is disrupting the status quo in the field of athletics with his achievements". They partnered in May.

The Defy deal followed a month later, with the company saying "supporting Wayde is only natural for us as he embodies everything that our brand values - heritage, legacy, family, tradition and not forgetting innovative and sleek".

The value of Van Niekerk's sponsorship deals are undisclosed but the Bloemfontein-based sprinter's gold and the 43.03 sec new world record in Rio yesterday could potentially catapult him into the money league to follow Usain Bolt, who is track and field's most marketable athlete.

Bolt earns a staggering $10-million (R134-million) a year from Puma, according to Forbes Magazine. The publication further estimated Bolt's total annual earnings at $33-million based on earnings over the last 12 months from appearances, prize money and sponsors.

Also to add Audi which has also gave him the privilege in driving an Audi RS 3 Sportback.

The Nike endorsement is not true which was snowballed all over the place by near every media outlet. I see that the articles has been hastily removed.