Richard Mille RM004
Discussion
Interesting watch forum on PH. Never really posted anything but do check in on the various debates. It seems Richard Mille watches somewhat split opinion between 'how ridiculous, why do they cost so much' to 'well if love them if I won the lottery Id have one'...I think the knockers grate a little with me as with all these high end things I suppose its all about the usual equation of value for money to how much money you have and how much value you place on such an item.
Anyway the purpose is not for me to get drawn into such debates, as there isnt an answer,I am here purely to post what I think is an extremely interesting article that possibly might help to explain the RM ethos & the associated cost. It certainly seems that in the case of the RM004, if they make 25 a year with a waiting list of 400, then Richard Mille doesnt have to concern himself with price really, doesnt get much better demand than that!
Couple of pics of the 4 as well to show particularly the back, which is a work of art...
To repeat this is for interest & info only, not trying to fuel a 'is it worth it' thread that rants on for pages...so just enjoy!
RMOO4
The RM 004 for instance, created in 1999, can without doubt be considered a technical landmark of its kind. Although it is not known by many people, a split seconds chronograph is in actuality one of the most difficult complications to create. It presents tremendous challenges and demands on accuracy during parts production (with extreme tolerances of less than 2 microns), assembly, the accuracy and stability of the going train geometry and finish (as much energy is required and none can be wasted), and the perfect interplay and communication of all parts whilst the split seconds chronograph is operational. The addition of a tourbillon escapement to the RM008 to this mix only multiplies the challenge appreciably. Created starting from a blank piece of paper and spanning almost 6 years of development, the RM 004 is the first new design of split seconds chronograph realized in the last 35 years and the first of the new millenium. It uses an entirely new movement geometry in which every functional section of the split seconds chronograph movement is independently optimized, each in its specific role, comprising independent horological ¡®units¡¯ that communicate laterally. This is an entirely different approach from the classical layered and overlapping movement sections found in classical split seconds chronograph construction. This methodology, as used in the RM 004 leads to improved chronograph performance, almost eliminates the traditional stutter in the stopping and starting of the split seconds hand, and provides low friction. These effects are also aided by an extensive use of parts created in titanium allowing for a reduction in inertia and therefore less friction in the RM 004 movement than typically found in classical examples.
Another unique aspect of the RM 004 (and many other watches in the Richard Mille Watches collection) is the fact that nearly every part of the movement is visible and naked to the eye, since it is not ¡®layered¡¯ in the traditional way. For the watchmaker involved in its assembly, this means that the RM 004 demands a state of utter calm and nerves of steel during its production. One single microscopic scratch on the face of a pinion, or one tiny false move of the watchmaker¡¯s hand, can mean that weeks of work must be disassembled and rebuilt all over again. This means that as the watch progresses ever closer towards its final completion, the greater the stress is upon the watchmaker. This combination of mechanical complexity and the difficulties inherent in the assembly of the RM 004 means that there are only a few watchmakers in the entire world who are capable of its production, which is circa 15 to 20 pieces a year. (This is excluding the production and finishing of parts, testing and quality control. If this entire time of production is counted, then the timeframe needed to complete just one RM 004 is considerable indeed.
Similar to any type of ultimate performance vehicle, a wristwatch with this kind of pedigree and attention to the cutting edge requires the owner to be well instructed in its use and functions. For instance, the pusher at 8 o¡¯clock is used for stopping and starting the chronograph, whilst the pusher at 10 o¡¯clock is used for resetting. The ergonomically placed pusher at 4 o¡¯clock is used for the stopping and starting the split seconds function (which is only utilized when the chronograph is already running.) Although safety features are of course built into the watch, repeatedly depressing the chronograph reset pusher at 10 o¡¯clock, before stopping the chronograph first, will create unnecessary stress in the movement¡¯s mechanism that can easily cause extreme damage, since this is not a flyback chronograph. (The split seconds mechanism at 8¡¯clock, however, can be repeatedly depressed for timing several events- as long as the chronograph is already running.)
Each component of the RM 004 is an example of extreme technique. The column wheel and a split seconds mechanism that are at the very heart of high end chronograph construction were re-designed in order to obtain optimum results, as well as to prevent the chronograph and second hands from jumping or malfunctioning. (This is a common fault that most mechanical chronographs suffer from). To achieve this, a great number of mathematical studies were carried out in order to understand the reasons for this phenomenon and to find suitable solutions on an engineering and metallurgical level. This resulted in the gear wheels and levers being redesigned and manufactured in titanium in order to reduce inertia. These components, another example of the perfection of the RM 004, also provide an additional benefit of lowering the energy consumption by approximately 50% through the reduction of friction on the spindle as well as eliminating jumping of the hands when stopped, thus increasing the chronograph¡¯s precision.
With this aim of reducing friction, often a source of problems with a chronometer, the balance spring and the escapement have also been modified. The balance spring has a special overcoil arrangement that reduces the displacement of the center of gravity during the balance¡¯s movement. The escapement has benefited from a new layout, and the going train has been given involute gear teeth profiles, (actually originally developed for high end engine design), that make it more efficient and less prone to possible adverse affects from changes in temperature, thus improving chronometric results.
A RM 004 is made up of an astounding 383 components of which 230 are totally unique. A number of these parts cannot even be seen with the naked eye. This makes it an extremely complicated movement in terms of parts control (trueness of dimensions to specifications), finishing, polishing, assembling and adjusting. Technically, the movement of an RM 004 is represents a challenging and quite delicate work, especially with such new materials such as carbon nanofiber, which is used in the base plate. This carbon is created from nanofibers molded in a high pressure 7.500 N/cm©÷ with a temperature of 2000¢ª C. It has a very high physical and chemical reliability. Many details of the movement of the RM 004 are examples of exceptional beauty, with various treatments, sculptured areas and sectioning (beautiful to behold as well as being lighter and more efficient).
Technical features in terms of Components parts:
383 components, 230 different parts, 79 screws
12 eccentric screws
32 pins
36 jewels
97 posts, hour-wheels and axes, 20 bridges, 1 base plate
33 wheels
28 cam-levers 17 springs
26 individual escapement components
Regardless of what I think of the RM025 "hockey-puck" (sorry, couldn't help it...) there is one aspect here that I find particularly interesting. The removal of the "rattrapante" function from this variant of the RM008 calibre. Oddly, few have commented about that calibre modification and its commercial consequences. This is a very interesting development as far as I am concerned. Could it be that the RM008v2 and especially the RM004v2 are close to see their end? Will they be substituted by the same movement but without the ratrapante complication?
I am almost certain that the RM004v2 is far from being a profitable watch to Richard Mille. Most of the difficulty in this piece is due to the rattrapante complication. Believe me, despite the price, you are getting much more for your money than you are really paying for. When analyzing quantities that can be produced and difficulty in making, this watch should be up in the price range with a Tourbillon. Fortunately for all those who are lucky enough to have one the price is not in that range. (I guess it would be difficult to explain the Tourbillon price without the Tourbillon...) A while back, not having a RM004 would have meant that there was a substantial gap between the first prices (RM005) and the second prices (RM002). Without the RM004 the gap would have been of almost 200k. Don't get me wrong, the RM004 was never meant to be a "filler". It was in fact one of the first projects by RM. To completely design a new Chronograph from scratch posed an immense challenge. to this day I believe that it only saw the light because of political and not commercial reasons. Demand was brutal for the RM004 with 400 outstanding orders and a production limit of 15 to 25 pieces per year... you do the math. With the arrival of the RM011 it was foreseen that demand for the RM004 would calm down. Many that wanted a Richard Mille Chrono would turn for a RM011 instead. Unfortunately, or I should say fortunately, this was not the case. The RM011 went like hot cakes while the demand for the RM004 did not decrease. In fact it has become, despite criticism, a "grail" watch today more than ever. (Surprising, considering its price.) Although them both being chronos by RM (saving some distance...) they simply appeal to two completely different crowds. Hence, the supply/demand problem for the RM004 still persists. RM004s are, despite the crisis, still hard to come by.
With the new RM025 and the removal of the rattrapante complication this could change. I have always thought that the RM004v2 would not last. Manly because of the complexity of the manufacturing. The removal of the rattrapante complication could mean a way to cheapen the product for the customer, make it easier to manufacture and more viable for RM. Quite frankly, apart from the breathtaking beauty of a rattrapante movement what is it really good for? Could it be that many out there would trade that with a flyback, less complicated to manufacture, sturdier and 30k cheaper RM004 version? Or would you not? Could this mean that there could be a RM021,22 or 23 along that line? Hard to say but it would make sense. I am being a bit hypocritical here since I would go for the rattrapante hands down, yet I understand that others would rather have option "B".
![](http://thumbsnap.com/sc/6WqXzL6O.jpg[/img]</a> <a href="http://thumbsnap.com/ed83K9Zm" Target="_blank">[img]http://thumbsnap.com/sc/ed83K9Zm.jpg)
Anyway the purpose is not for me to get drawn into such debates, as there isnt an answer,I am here purely to post what I think is an extremely interesting article that possibly might help to explain the RM ethos & the associated cost. It certainly seems that in the case of the RM004, if they make 25 a year with a waiting list of 400, then Richard Mille doesnt have to concern himself with price really, doesnt get much better demand than that!
Couple of pics of the 4 as well to show particularly the back, which is a work of art...
To repeat this is for interest & info only, not trying to fuel a 'is it worth it' thread that rants on for pages...so just enjoy!
RMOO4
The RM 004 for instance, created in 1999, can without doubt be considered a technical landmark of its kind. Although it is not known by many people, a split seconds chronograph is in actuality one of the most difficult complications to create. It presents tremendous challenges and demands on accuracy during parts production (with extreme tolerances of less than 2 microns), assembly, the accuracy and stability of the going train geometry and finish (as much energy is required and none can be wasted), and the perfect interplay and communication of all parts whilst the split seconds chronograph is operational. The addition of a tourbillon escapement to the RM008 to this mix only multiplies the challenge appreciably. Created starting from a blank piece of paper and spanning almost 6 years of development, the RM 004 is the first new design of split seconds chronograph realized in the last 35 years and the first of the new millenium. It uses an entirely new movement geometry in which every functional section of the split seconds chronograph movement is independently optimized, each in its specific role, comprising independent horological ¡®units¡¯ that communicate laterally. This is an entirely different approach from the classical layered and overlapping movement sections found in classical split seconds chronograph construction. This methodology, as used in the RM 004 leads to improved chronograph performance, almost eliminates the traditional stutter in the stopping and starting of the split seconds hand, and provides low friction. These effects are also aided by an extensive use of parts created in titanium allowing for a reduction in inertia and therefore less friction in the RM 004 movement than typically found in classical examples.
Another unique aspect of the RM 004 (and many other watches in the Richard Mille Watches collection) is the fact that nearly every part of the movement is visible and naked to the eye, since it is not ¡®layered¡¯ in the traditional way. For the watchmaker involved in its assembly, this means that the RM 004 demands a state of utter calm and nerves of steel during its production. One single microscopic scratch on the face of a pinion, or one tiny false move of the watchmaker¡¯s hand, can mean that weeks of work must be disassembled and rebuilt all over again. This means that as the watch progresses ever closer towards its final completion, the greater the stress is upon the watchmaker. This combination of mechanical complexity and the difficulties inherent in the assembly of the RM 004 means that there are only a few watchmakers in the entire world who are capable of its production, which is circa 15 to 20 pieces a year. (This is excluding the production and finishing of parts, testing and quality control. If this entire time of production is counted, then the timeframe needed to complete just one RM 004 is considerable indeed.
Similar to any type of ultimate performance vehicle, a wristwatch with this kind of pedigree and attention to the cutting edge requires the owner to be well instructed in its use and functions. For instance, the pusher at 8 o¡¯clock is used for stopping and starting the chronograph, whilst the pusher at 10 o¡¯clock is used for resetting. The ergonomically placed pusher at 4 o¡¯clock is used for the stopping and starting the split seconds function (which is only utilized when the chronograph is already running.) Although safety features are of course built into the watch, repeatedly depressing the chronograph reset pusher at 10 o¡¯clock, before stopping the chronograph first, will create unnecessary stress in the movement¡¯s mechanism that can easily cause extreme damage, since this is not a flyback chronograph. (The split seconds mechanism at 8¡¯clock, however, can be repeatedly depressed for timing several events- as long as the chronograph is already running.)
Each component of the RM 004 is an example of extreme technique. The column wheel and a split seconds mechanism that are at the very heart of high end chronograph construction were re-designed in order to obtain optimum results, as well as to prevent the chronograph and second hands from jumping or malfunctioning. (This is a common fault that most mechanical chronographs suffer from). To achieve this, a great number of mathematical studies were carried out in order to understand the reasons for this phenomenon and to find suitable solutions on an engineering and metallurgical level. This resulted in the gear wheels and levers being redesigned and manufactured in titanium in order to reduce inertia. These components, another example of the perfection of the RM 004, also provide an additional benefit of lowering the energy consumption by approximately 50% through the reduction of friction on the spindle as well as eliminating jumping of the hands when stopped, thus increasing the chronograph¡¯s precision.
With this aim of reducing friction, often a source of problems with a chronometer, the balance spring and the escapement have also been modified. The balance spring has a special overcoil arrangement that reduces the displacement of the center of gravity during the balance¡¯s movement. The escapement has benefited from a new layout, and the going train has been given involute gear teeth profiles, (actually originally developed for high end engine design), that make it more efficient and less prone to possible adverse affects from changes in temperature, thus improving chronometric results.
A RM 004 is made up of an astounding 383 components of which 230 are totally unique. A number of these parts cannot even be seen with the naked eye. This makes it an extremely complicated movement in terms of parts control (trueness of dimensions to specifications), finishing, polishing, assembling and adjusting. Technically, the movement of an RM 004 is represents a challenging and quite delicate work, especially with such new materials such as carbon nanofiber, which is used in the base plate. This carbon is created from nanofibers molded in a high pressure 7.500 N/cm©÷ with a temperature of 2000¢ª C. It has a very high physical and chemical reliability. Many details of the movement of the RM 004 are examples of exceptional beauty, with various treatments, sculptured areas and sectioning (beautiful to behold as well as being lighter and more efficient).
Technical features in terms of Components parts:
383 components, 230 different parts, 79 screws
12 eccentric screws
32 pins
36 jewels
97 posts, hour-wheels and axes, 20 bridges, 1 base plate
33 wheels
28 cam-levers 17 springs
26 individual escapement components
Regardless of what I think of the RM025 "hockey-puck" (sorry, couldn't help it...) there is one aspect here that I find particularly interesting. The removal of the "rattrapante" function from this variant of the RM008 calibre. Oddly, few have commented about that calibre modification and its commercial consequences. This is a very interesting development as far as I am concerned. Could it be that the RM008v2 and especially the RM004v2 are close to see their end? Will they be substituted by the same movement but without the ratrapante complication?
I am almost certain that the RM004v2 is far from being a profitable watch to Richard Mille. Most of the difficulty in this piece is due to the rattrapante complication. Believe me, despite the price, you are getting much more for your money than you are really paying for. When analyzing quantities that can be produced and difficulty in making, this watch should be up in the price range with a Tourbillon. Fortunately for all those who are lucky enough to have one the price is not in that range. (I guess it would be difficult to explain the Tourbillon price without the Tourbillon...) A while back, not having a RM004 would have meant that there was a substantial gap between the first prices (RM005) and the second prices (RM002). Without the RM004 the gap would have been of almost 200k. Don't get me wrong, the RM004 was never meant to be a "filler". It was in fact one of the first projects by RM. To completely design a new Chronograph from scratch posed an immense challenge. to this day I believe that it only saw the light because of political and not commercial reasons. Demand was brutal for the RM004 with 400 outstanding orders and a production limit of 15 to 25 pieces per year... you do the math. With the arrival of the RM011 it was foreseen that demand for the RM004 would calm down. Many that wanted a Richard Mille Chrono would turn for a RM011 instead. Unfortunately, or I should say fortunately, this was not the case. The RM011 went like hot cakes while the demand for the RM004 did not decrease. In fact it has become, despite criticism, a "grail" watch today more than ever. (Surprising, considering its price.) Although them both being chronos by RM (saving some distance...) they simply appeal to two completely different crowds. Hence, the supply/demand problem for the RM004 still persists. RM004s are, despite the crisis, still hard to come by.
With the new RM025 and the removal of the rattrapante complication this could change. I have always thought that the RM004v2 would not last. Manly because of the complexity of the manufacturing. The removal of the rattrapante complication could mean a way to cheapen the product for the customer, make it easier to manufacture and more viable for RM. Quite frankly, apart from the breathtaking beauty of a rattrapante movement what is it really good for? Could it be that many out there would trade that with a flyback, less complicated to manufacture, sturdier and 30k cheaper RM004 version? Or would you not? Could this mean that there could be a RM021,22 or 23 along that line? Hard to say but it would make sense. I am being a bit hypocritical here since I would go for the rattrapante hands down, yet I understand that others would rather have option "B".
tertius said:
Is this an advert?
from TZ said:
snippet from a Telegraph article:
Ed Hasbrouck, the US journalist, reported that at the PhoCusWright marketing conference in 2006, one leading advertising agency was already boasting that it had an entire division “devoted to seeding online forums and bulletin boards with targeted content”, adding that its employees would spend months creating profiles and posting “neutral” messages to establish a credible background from which to post their "paid-for" messages. That was four years ago, you expect that the game will have moved on and up a level since then.
Makes you wonder, doesn't it..
Ed Hasbrouck, the US journalist, reported that at the PhoCusWright marketing conference in 2006, one leading advertising agency was already boasting that it had an entire division “devoted to seeding online forums and bulletin boards with targeted content”, adding that its employees would spend months creating profiles and posting “neutral” messages to establish a credible background from which to post their "paid-for" messages. That was four years ago, you expect that the game will have moved on and up a level since then.
Makes you wonder, doesn't it..
Chicken Pox said:
tertius said:
Is this an advert?
from TZ said:
snippet from a Telegraph article:
Ed Hasbrouck, the US journalist, reported that at the PhoCusWright marketing conference in 2006, one leading advertising agency was already boasting that it had an entire division “devoted to seeding online forums and bulletin boards with targeted content”, adding that its employees would spend months creating profiles and posting “neutral” messages to establish a credible background from which to post their "paid-for" messages. That was four years ago, you expect that the game will have moved on and up a level since then.
Makes you wonder, doesn't it..
Ed Hasbrouck, the US journalist, reported that at the PhoCusWright marketing conference in 2006, one leading advertising agency was already boasting that it had an entire division “devoted to seeding online forums and bulletin boards with targeted content”, adding that its employees would spend months creating profiles and posting “neutral” messages to establish a credible background from which to post their "paid-for" messages. That was four years ago, you expect that the game will have moved on and up a level since then.
Makes you wonder, doesn't it..
Anyway, is it possible to wear a RM004 back to front? The back is awesome.
Edited by ShadownINja on Friday 10th December 22:56
Hey guys not an advert,I'm not a troll or whatever just thought that it was interesting info to help a watch enthusiast understand a litlle more about the high £££ watch trade.. Honestly just take it for it's info value and nothing else ... I have been a member here lurking since 2007 and just fancied sharing a snippet of info I found incredibly interesting ...
chris5150 said:
Hey guys not an advert,I'm not a troll or whatever just thought that it was interesting info to help a watch enthusiast understand a litlle more about the high £££ watch trade.. Honestly just take it for it's info value and nothing else ... I have been a member here lurking since 2007 and just fancied sharing a snippet of info I found incredibly interesting ...
tongue was firmly in cheek 
chris5150 said:
Hey guys not an advert,I'm not a troll or whatever just thought that it was interesting info to help a watch enthusiast understand a litlle more about the high £££ watch trade.. Honestly just take it for it's info value and nothing else ... I have been a member here lurking since 2007 and just fancied sharing a snippet of info I found incredibly interesting ...
Well fair enough, but frankly that article you posed was so sycophantic it added little or nothing to the debate. I mean really who actually writes stuff like:article said:
Each component of the RM 004 is an example of extreme technique.
(and yes that was the whole sentence)article said:
to this day I believe that it only saw the light because of political and not commercial reasons.
article said:
Demand was brutal for the RM004
Its quite an interesting subject really Haute Horology, I think its pretty hard to seperate the truth from the sales hype & BS. I totally agree with some of the way the article I posted was written, bit sensationlist, but as I say thats always been my experiance of these type of companies selling these products at these price ranges..you have to make your own mind up how much is spew & how much is truth.
I mean if you look at RM as a whole they only make approx 2,500 watches a year, RM himself is a multi millionaire, add on all the costs of advertising & hype and divide it up by the amount of watches shifted and you have to say that the profit margin per watch must be astronomical. However if that piece has an investment value and you view it as something that may increase in price, then I suppose it becomes a differant matter.
The RRP on an RM004 is approx £160k..yep big gulp, however you can pick one up on chrono24 or other places, on the second hand market, as new for say £65k ish. So one has a choice to make. Personally if you enjoy watches and can afford to invest that sum of money I dont think that a watch such as a RM004 is a bad investment, at retail in an RM boutique I think you would have to be totally mad, or extremely rich, to buy one.
Following on from the write up posted,although worded somewhat sensationalist, there is alot of truth in it, if demand was/is so high and numbers are so limited then surely longterm it has every possibility of becoming a lot more valuble, also maybe not, you have to make your own choice.
I think that RM as a brand is so young, but growing in stature so quickly that the future on these early pieces is a good investment. Look at pit lane at F1...Fellippe wore one when he had his crash, Martin brundle wears one walking up & down pit lane, Jenson button has couple ( even though you wont see them on F1 due to contractual stuff ). Nadal has won many tennis tournaments now wearing his $500k RM 0027, the lightest tourbillon watch that floats in sea water etc, that can take the punishment of being on his serving wrist ( so on that point anyway I dont quite understand the hawking comment of being useless in the real world, as the RM watches are 'supposedly' built around extreme endurance for mechanical watches and they tell the time, so why useless in the real world? )
So I suppose what I am saying is for a young brand of 10 years or so they are gathering weight very quickly in extremley prominent arena's. I used to collect Panerai's and as most will know, Panerai's pre vendome go for a lot of money. Personally I think RM will build his brand & then sell to a vendome type group, so again if that happens then history says the pre sell out pieces become more valuble
All of this imho of course, and no im not trying to sell mine, again comments typed purely from an interest point of view...and again no I dont work for RM & I am not trolling about...just for interest
I mean if you look at RM as a whole they only make approx 2,500 watches a year, RM himself is a multi millionaire, add on all the costs of advertising & hype and divide it up by the amount of watches shifted and you have to say that the profit margin per watch must be astronomical. However if that piece has an investment value and you view it as something that may increase in price, then I suppose it becomes a differant matter.
The RRP on an RM004 is approx £160k..yep big gulp, however you can pick one up on chrono24 or other places, on the second hand market, as new for say £65k ish. So one has a choice to make. Personally if you enjoy watches and can afford to invest that sum of money I dont think that a watch such as a RM004 is a bad investment, at retail in an RM boutique I think you would have to be totally mad, or extremely rich, to buy one.
Following on from the write up posted,although worded somewhat sensationalist, there is alot of truth in it, if demand was/is so high and numbers are so limited then surely longterm it has every possibility of becoming a lot more valuble, also maybe not, you have to make your own choice.
I think that RM as a brand is so young, but growing in stature so quickly that the future on these early pieces is a good investment. Look at pit lane at F1...Fellippe wore one when he had his crash, Martin brundle wears one walking up & down pit lane, Jenson button has couple ( even though you wont see them on F1 due to contractual stuff ). Nadal has won many tennis tournaments now wearing his $500k RM 0027, the lightest tourbillon watch that floats in sea water etc, that can take the punishment of being on his serving wrist ( so on that point anyway I dont quite understand the hawking comment of being useless in the real world, as the RM watches are 'supposedly' built around extreme endurance for mechanical watches and they tell the time, so why useless in the real world? )
So I suppose what I am saying is for a young brand of 10 years or so they are gathering weight very quickly in extremley prominent arena's. I used to collect Panerai's and as most will know, Panerai's pre vendome go for a lot of money. Personally I think RM will build his brand & then sell to a vendome type group, so again if that happens then history says the pre sell out pieces become more valuble
All of this imho of course, and no im not trying to sell mine, again comments typed purely from an interest point of view...and again no I dont work for RM & I am not trolling about...just for interest
I would buy one if they were say three grand, but whichever way you look at it they aren't worth the money. I used to think I just didn't get them and I was missing something, then i realised they are for very wealthy people looking for the next rediculous thing to spend their money on.
Totally missed the point of what I said Adrian...If something that costs you £60k today becomes worth £120k or even £400k in 10 years, it isnt exactly a ridiculous thing to waste your money on is it?. Not saying that will happen, we all make various investments along the way with our knowledge on certain subjects, some will pay off some wont.
The men whose Pateks where bought years ago for a few thousand and now sell for £millions or the guy that put a £250 Gibson les paul guitar under his bed in 1959 and sold it for £300k wasnt exactly wasting his money was he.
Speculate to accumlate comes to mind...but whichever way you look at it an RM004 bought at the right money ie £60k ish I really dont think will lose money, how much it will increase is the big question.
Yes there are plenty of wealthy people out there, indeed Nadal's $500k RM27 was penned down for a run of 20, all presold, so they increased the run to 50..it seems there is demand...and just because you dont have that sort of money doesnt really mean one should ridicule the decisions of those that do.
There is a huge amount of watch collectors out there with multi million pound collections, and indeed there is a massive surge in the Chinese demand for such trinkets as they gain economic wealth & power, so there is no doubt a well researched watch purchase can be a good investment....maybe, maybe not...time will tell.
But regardless of how much money one has or wants to invest I am fascinated by watch making, the hype, the BS, the good stuff, the technology, etc etc hence why I posted this article, as I thought for watch buffs it makes interesting reading & gives an insight into the world of Haute Horology good & bad.
The men whose Pateks where bought years ago for a few thousand and now sell for £millions or the guy that put a £250 Gibson les paul guitar under his bed in 1959 and sold it for £300k wasnt exactly wasting his money was he.
Speculate to accumlate comes to mind...but whichever way you look at it an RM004 bought at the right money ie £60k ish I really dont think will lose money, how much it will increase is the big question.
Yes there are plenty of wealthy people out there, indeed Nadal's $500k RM27 was penned down for a run of 20, all presold, so they increased the run to 50..it seems there is demand...and just because you dont have that sort of money doesnt really mean one should ridicule the decisions of those that do.
There is a huge amount of watch collectors out there with multi million pound collections, and indeed there is a massive surge in the Chinese demand for such trinkets as they gain economic wealth & power, so there is no doubt a well researched watch purchase can be a good investment....maybe, maybe not...time will tell.
But regardless of how much money one has or wants to invest I am fascinated by watch making, the hype, the BS, the good stuff, the technology, etc etc hence why I posted this article, as I thought for watch buffs it makes interesting reading & gives an insight into the world of Haute Horology good & bad.
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