Wrist Check 2015
Discussion
I've been a PH member for a few years now, but have been more of a lurker in the Watches threads.
I've been building up a little collection over the past few years - nothing extravagant, the most expensive was less than £300 - if only funds allowed something a bit more special...
Anyway, here's my latest purchase - Skagen Hiromichi Konno, apparently one of only 400(?)
I've been building up a little collection over the past few years - nothing extravagant, the most expensive was less than £300 - if only funds allowed something a bit more special...
Anyway, here's my latest purchase - Skagen Hiromichi Konno, apparently one of only 400(?)
Mart-1 said:
Very cool watch. The vintage 'aesthetic' has subtly shifted mid-luxe watch design over the past three, four years, and whilst many do a cracking job of it - Tudor with the Black Bay, Omega's new Seamaster 300 Master Co-Axial, Breitling's Superocean Heritage, Bell & Ross's BR126, the Longines Lindbergh - I think Jaeger are the only one to really nail it. The Deep Sea range, is for me, the front-runner, and their execution of the Chronograph is delicious. I think where they really put clear distance with others attempting the same style is in the dial: the slightly crusty, rough surface does more for a vintage effect than 'tired orange lume' ever will.
You know you're looking at a modern watch; but the things that make it fit for modern usage are so delicately presented. I also like the fact that they aim for 40-42mm in size.
Hodinkee have a great article on the Deep Sea.
Jaeger have always been a hugely appreciated brand, but never seen as "one of the Three" (or four - I like to include Breguet). But their worth for most of those in the know is not easily dismissed: I gather that in July 2000 when Richemont bought the group that owned IWC, A. Lange & Söhne & Jaeger Le-Coultre, they paid something like 8-10 times net turnover. A figure close to the 40-45 times net profit.
That's not usual unless you think you're getting some real latent, undiscovered value. IWC have stalled as a brand, sure. But Lange is well set. However, it's Jaeger that has proved the worthwhile prize.
Corporate vanity can sometimes boost the poker players to go to two, three, even four times turnover. But fools and their money are easily parted. But to go to 8-10 times, Richemont knew that they were aiming for something significant and nothing was to get in the way of that acquisition. It was a transformative move. And so it's proved. Jaeger go from strength to strength, making cracking watches and building a very desirable catalogue.
Booya.
Edited by tigerkoi on Monday 19th January 23:05
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