at what comp / net worth did you get your first “luxury watch”? and how much did you get it for? trying to get a sense of when i should invest in one 😊

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Comp: $68k
Net Worth: Probably around -$50k
Speedmaster Pro: $5500

I bought it for myself after finishing my MBA. I’m out of debt and make triple now what I did back then, but I’m always going to have the sentimental value of what my speedmaster means to me. Probably wasn’t the smartest purchase I made at the time, but I’m glad I did

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Comp: $250k
NW: $750k
I started in this hobby a bit later. First luxury piece was a Panerai, spent around $5500. Buying luxury watches is not an investment (unless you are talking about rare pieces), it’s an expensive hobby that brings smiles to our faces.

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Well said, my first piece was also a Panerai

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Comp (household): $280k
NW: -$110,000 (student loans)

Omega Seamaster Professional 300M. Got it as an MBA graduation gift.

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Comp: 330k
NW:1.2M
Submariner No Date straight cash homie

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NW: $30k
Comp: 0 (undergrad)

Bought a Datejust from money I made through a startup/side hustle. Quite justifiable due to value retention - basically parked cash.

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@PwC 2 - Agree, but in terms of TCO probably cheaper than most luxury items. Also very few financial obligations at 21, zero student debt (thank you Germany)

@Associate 1 - Nope, OW isn’t exactly 9-5 🥲

Comp: $60k
NW: $80k
Rolex sub date $9750, paid 50% other 50% parents gifted as I wanted a watch as grad gift

My numbers definitely don’t justify the watch, but I’d been saving/investing that money for about 2 years and currently don’t have much recurring expenses so I figured now would be the best time.

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I’m definitely great full. I wasn’t expecting it, I bought the watch not expecting it then found out.

Comp: $25k
Net Worth: -$100k

Watch: $3.5k Omega Seamaster

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Comp 160+
NW - little under $500k
Have a few Seikos, old citizen from college and a Hamilton. Joined this bowl to learn. Always have liked GS. Not quite on the Rolex train yet.

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Comp $250k
Net worth $1,250k
Speedy Pro bought after bringing in first $50 million

smart

Started late compared to some of y’all but this hobby is addictive.
Comp >$500K
Net Worth >$2.5M

First piece was Rolex GMT Batgirl.

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Congrats! From AD or grey? If AD how long was wait? Had you purchased jewelry from prior to GMT?

$275k

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Comp: 100k
Nw: 30k
Speedy

First clarifying question, what do you define as luxury? And how much would you be looking to spend. Be forewarned 2020-2021 have had production cuts for a lot of companies so getting a piece this year may be tough. If it’s a steel watch, specifically a Rolex, Patek, AP, select omegas, and some JLC models you will be waiting between a moderate to looong time unless you’re buying in the market.

i think it comes down to what people themselves consider as luxury! i’m not planning to impose a standard just bc i myself don’t consider it as such

and i’m thinking around 5-10k

Comp: 95k
Rolex submariner 116610LN

But it took a lot of saving for and just had great timing when it came to actually buying it.

Thank you! Yeah things just lined up for me.
I too thought that I could wear the sub date for essentially forever as my one watch but I was quickly proven to be wrong as I’ve been searching and saving for the second watch ever since I walked out the AD with the sub on my wrist Haha.

Comp: 95k
NW: 160k
Watches: Rolex Ceramic Daytona Black Dial, Rolex Submariner Date 16610 (college graduation gift)

Very cool story and it’ll be a fantastic watch to pass down!

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Went I started my new job making 140k. I actually was shopping for an El Primero (ballpark like $7200ish? I got a decent discount on it maybe 10-20%) for my dad for Xmas and I don’t remember why but I called the place I ordered from and while I was on the phone also ordered a Seamaster ($3800ish? I got a 25% discount bc I just bought the El Primero) for myself. My net worth is still very much negative from student loans. Probably like net -$40k

Also watches are definitely not investments unless you are a select group of very wealthy and very lucky people

Comp probably around 100k - Rolex 116613 LN (Two tone sub blue face). Net worth negative at the time.

She can keep the Daytona - RG version is more of a girl’s watch anyway. I’ve also requested the YG Daytona with green face, mostly because it’s collectible but sort of cool in a very “Rolex colours” kinda way. Besides she’s pestering me for a Patek 4947. She’s due in Dec so could be a good push present 😂

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Comp: 50,000
NW: 100,000

Started with a second hand almost vintage Seamaster.

Took me about 1.5 years to get my stainless steel seadweller with my AD.

Comp - $175K
NW - $250K
First “luxury” watch purchase in my mind were micro brands for ~2K but the first watch that falls in your category was a Grand Seiko high beat for ~6500

Comp: 170K
NW: 100K
Omega speedy 300M

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