Saturday, December 14, 2013

whats the difference between a cheap watch and an expensive brand ie rolex, omega etc.?

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yep


I have always loved buying watches but all my life i have gone with less expensive brands (quartz) I would just like to know what I am buying when I buy a more expensive brand such as omega, rolex, etc. The specs are sometimes identical. why would someone spend so much money?


Answer
Captain Obvious is correct about a few things, but not all.

For the most part, there isn't much of a difference (functionally) between a $50 quartz watch and a $2,000 quartz watch. Quite obviously, there will be a better quality product -- both in terms of aesthetics and finish as well as in terms of reliability and quality of timekeeping. Otherwise, both tell time fairly well.

However, the differences start showing when you are looking at mechanical watches that do not use Quartz, such as Automatics. These watches are mechanical marvels that can do some pretty darn interesting and complicated things. The advantage of an Automatic over a Quartz, of course, is that the good ones are built to last and you can pass it on to your next generation.

In that regard, a lot of the watches may seem the same (i.e. they tell time - duh). However, remember that with luxury watches, you are paying for it as a piece of expensive jewelry and art. The fact that it tells time is secondary.

Therefore, the difference therefore comes in *how* a watch tells time -- i.e. what mechanism (or movement) does it use, how well does it work, what else can it do, how well was it made, who made it, where was it made, what materials were used etc. In that regard, there is a world of difference in the tiers.

You've beginner luxury brands -- Raymond Weil, Longines, Stowa etc. Great watches, very reliable and use standard "movements" with excellent quality construction -- but nothing special. Not particularly expensive (less than $2,000 usually).

Then you have the mid tier brands. Within the mid tier brands, you've the lower mid tier and the higher mid tier brands.

In the lower mid tier, you have Omega, Rolex, Breitling, IWC etc -- around $2,000 - $10,000. About the same as the beginner (mostly), but slightly better quality and finish, and better brand name. In the higher mid tier brands, you get brands like Girard Perregaux, Breguet, and even IWC. Much better quality -- and you start getting into "custom" movements and "complications" that do some really amazing and cool mechanical things, and they are usually between $10,000 - $50,000. Their finish and quality tends to be rather outstanding, and they are not as commonly found.

Both the beginner and mid-tier brands are pretty reliable, and adhere to COSC (Contrôle Officiel Suisse des Chronomètres) standards of timekeeping accuracy, even when they don't have to. More than likely, a cheap $50 watch -- or even some of the "branded" $1,000 watch (think Armani or Guess watches) -- will fail at these standards.

Finally, then you get into the truly higher end brands -- Patek Philippe, Vacheron Constantin, Audemar Piguet, A. Lange & Söhne, etc. These guys make mechanical marvels, and they maintain the market by producing only a handful of truly outstanding pieces that pretty much take several top notch master watchmakers years to make their timepieces. These can go into the millions. And remember -- in this category, it's less about it being a watch and more about prestige, art, and the fact that you own one of a kind mechanical marvel.

At the end of the day, you must remember that once you leave the functional realm, watches become status symbols, and ergo Veblen goods (i.e. people buy them *because* they are expensive and elitist). You end up with "snob effect", where people want to use exclusive products, and price becomes associated with quality. Unfortunately, the side effect is the "bandwagon effect", where everyone wants to use exclusive products, and the demand for high-priced goods goes up. Consequently, the price of the already high-priced goods goes up.

If it helps, you should check out manufacturers like Parnis [1] or Sea Gull [2] -- Chinese watchmakers that make rather excellent watches comparable to lower end Swiss watch makers at a much lower price point.

Either way, watches are rather interesting, and you'd be amazed at just what's out there. Enjoy!

And here are some examples of "grand complications" --

Patek Philippe -
http://www.patek.com/patek-philippe.html?pageId=44674

Vacheron Constantin -
http://www.vacheron-constantin.com/en2/our-watches/#screen=PRODUCT;productRef=47070-000J-9085

Audemar Piguet -
http://www.audemarspiguet.com/collections/men/jules-audemars-47/equation-of-time-72/jules-audemars-skeleton-equation-of-time-1383/

A. Lange & Söhne -
http://www.alange-soehne.com/cms/en/timepieces/unforgettable-masterpieces/grand-lange-1-luna-mundi/index.html

Which cruise line should I choose?




Clueless


I am planning on going on a cruise for the first time in the near future and have narrowed down the choices to Silversea, Regent, or Seabourn but how would they rank and compare to each other. What are the pros and cons? Thank you.


Answer
When we first started cruising went on the "Big Brand" ships, first cruise was Princess, been on Regent.

Depends what you want! The top brands you mention will give you superb service, excellent food, we even had our own butler! They are ideal if you want to boast to friends and make the neighbours jealous!

We are more interested in seeing all the amazing places in the world that big/posh lines do not take you to! There are many 100+ passenger ships with top luxury going to fabulous places or expedition small ships with less luxury but doing incredible visits to unique destinations you can only dream of!

Got off National Geographic research vessel last week after spending week grey whale watching / kayaking / snorkeling with wild seals down in Baja California!
Went inside the crater (in our ship!) of waterlogged dormant volcano at Deception Island Antarctica!
Been through Panama Canal (also Suez and Kiel canal), what unique experiences!
Been to Disko Bay (Greenland) where Titanic iceberg started from, kayaked between smaller bergs.

The choice is yours!




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