Archived posting to the Leica Users Group, 2002/02/15
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Not meant to be snobbish in knowing some of the ins and outs of highend watches. I've owned quite a few and if one knows the market and the history of vintage watches, any buying or selling can be quite profitable. The resale value of Pateks are like Leicas, but the only difference is that the base-price is exponentially higher (quite often into the million $$$ range, which of course yours truly is not in that league). Pateks owns the high-end watch market. Where Rolex(s) are famous the world over, and regarded as expensive among mechnical watches, Pateks' price are astromical. The most expensive watch to-date sold for a record $USD7.5 million at auction and its a vintage watch made in the 1940s. It was a complicated model consist of moonphase, hour, min, sec, weekday, month AND this is the most complicated function, the leap year. Except for the year 2100, which is not a leap year, the watch once adjusted will never have to account for the leap year forever, if it runs forever. All these complexities are achieved by mechnical means (in a miniaturized watch), not based on the modern electronic programming algorithm timepiece such as Timex, Casio or Seikos. A motto of Patek's advertisment "One never truely owns a Patek, but merely look after it to pass on to the next generation. Kind of parallel to Leica's stronghold in mechnical camera. But then with the upcoming M7 .... I guess Leica has to join the fraternity of electronic algorithms in keeping costs down. - --- SthRosner@aol.com wrote: > In a message dated 2/15/02 12:20:34 PM Eastern > Standard Time, > Tom.Henson@bakerbotts.com writes: > > > But the joke is referring to a Patek Phillipe > watch. > > > > Slightly above a Rolex I imagine. More on the > level of a Leica in the watch > > world. > > > > Tom Henson > > Hello again Tom. I rather think that Leica and Rolex > go together, at least > today. There is so much individual handwork in the > Patek, thus its orbital > price, that if there is an analogy, it might be > closer to the Leicas and > Leitz lenses produced 30 and more years ago when > machinery didn't exist to > produce in the current manner and Leitz had to rely > on much more detailed > handwork. At least that's what I hear from such as > Sherry, Don Goldberg, John > Van Stelten and others. > > Seth LaK 9 > -- > To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html __________________________________________________ Do You Yahoo!? Got something to say? Say it better with Yahoo! Video Mail http://mail.yahoo.com - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html