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There are two types of value to me: Market value i.e. what someone is willing to pay for it - as described above and secondly, intrinsic value, which is personal. Something can be valuable to one person and worthless to the next. As for a watch, whatever the market says it's worth. Intrinsically that price for that piece may be worth it to you.

Tim S wrote:

Well said Tim! I have a couple of those 'intrinsic' value pieces - they are the ones that stick around longer.

Intrinsic value is what matters most though IMO. If you like something, you don't count.

F14D_Tomcat wrote:

Intrinsic value is what matters most though IMO. If you like something, you don't count.

A good example of this is Prince Williams's watch. If you tried to sell your midsize Omega SMP quartz that you have worn every day since the late 90s, when you first got it, I expect you'd be lucky to clear $1k, if that. But Prince Williams's midsize Omega SMP quartz (1) belongs to Prince William, (2) was given to him by Princess Diana, (3) shortly before she died, and (4) is the only watch he wears. If that watch came up for auction, the sky's the limit on how much it would fetch. And to him, I'm sure it's truly priceless.

Author:	nr123 [ Thu Jul 21, 2011 2:29 pm ]
Post subject:	Breitling's VALUE
Granted, you go to the store and spend easily $5,000+ on a Breitling, but what is the actual VALUE of the watch? What is the real cost of a Breitling World for example, how much are you paying for what the watch really is versus the name?

Author:	mfserge [ Thu Jul 21, 2011 2:31 pm ]
Post subject:	Re: Breitling's VALUE
They're worthless unless you really enjoy the look and feel and admire the engineering that goes into producing it. Otherwise spend $100 and get a gshock, it will do the same thing.

Author:	JilzVT [ Thu Jul 21, 2011 3:45 pm ]
Post subject:	Re: Breitling's VALUE
What is the "actual value" of anything? If something sells for $5,000 and people are buying it for $5,000, then the actual value is $5,000. If you're asking what the materials cost is, it's obviously a lot lower but then you're discounting the design and engineering aspects of the watch.

Author:	Tim S [ Thu Jul 21, 2011 5:53 pm ]
Post subject:	Re: Breitling's VALUE
There are two types of value to me: Market value i.e. what someone is willing to pay for it - as described above and secondly, intrinsic value, which is personal. Something can be valuable to one person and worthless to the next. As for a watch, whatever the market says it's worth. Intrinsically that price for that piece may be worth it to you.

Author:	Kodiak [ Thu Jul 21, 2011 6:00 pm ]
Post subject:	Re: Breitling's VALUE
Tim S wrote: There are two types of value to me: Market value i.e. what someone is willing to pay for it - as described above and secondly, intrinsic value, which is personal. Something can be valuable to one person and worthless to the next. As for a watch, whatever the market says it's worth. Intrinsically that price for that piece may be worth it to you. Well said Tim! I have a couple of those 'intrinsic' value pieces - they are the ones that stick around longer.

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Author:	Novacastrian [ Thu Jul 21, 2011 11:12 pm ]
Post subject:	Re: Breitling's VALUE
You could always melt one down for the scrap metal value

Author:	F14D_Tomcat [ Fri Jul 22, 2011 1:23 am ]
Post subject:	Re: Breitling's VALUE
Kodiak wrote: Tim S wrote: There are two types of value to me: Market value i.e. what someone is willing to pay for it - as described above and secondly, intrinsic value, which is personal. Something can be valuable to one person and worthless to the next. As for a watch, whatever the market says it's worth. Intrinsically that price for that piece may be worth it to you. Well said Tim! I have a couple of those 'intrinsic' value pieces - they are the ones that stick around longer. +1 Intrinsic value is what matters most though IMO. If you like something, you don't count.

Author:	JacksonStone [ Sun Jul 24, 2011 11:11 am ]
Post subject:	Re: Breitling's VALUE
F14D_Tomcat wrote: Intrinsic value is what matters most though IMO. If you like something, you don't count. A good example of this is Prince Williams's watch. If you tried to sell your midsize Omega SMP quartz that you have worn every day since the late 90s, when you first got it, I expect you'd be lucky to clear $1k, if that. But Prince Williams's midsize Omega SMP quartz (1) belongs to Prince William, (2) was given to him by Princess Diana, (3) shortly before she died, and (4) is the only watch he wears. If that watch came up for auction, the sky's the limit on how much it would fetch. And to him, I'm sure it's truly priceless.

Author:	F14D_Tomcat [ Mon Jul 25, 2011 1:11 am ]
Post subject:	Re: Breitling's VALUE
JacksonStone wrote: F14D_Tomcat wrote: Intrinsic value is what matters most though IMO. If you like something, you don't count. A good example of this is Prince Williams's watch. If you tried to sell your midsize Omega SMP quartz that you have worn every day since the late 90s, when you first got it, I expect you'd be lucky to clear $1k, if that. But Prince Williams's midsize Omega SMP quartz (1) belongs to Prince William, (2) was given to him by Princess Diana, (3) shortly before she died, and (4) is the only watch he wears. If that watch came up for auction, the sky's the limit on how much it would fetch. And to him, I'm sure it's truly priceless. That's very true. Then again, very seldom an item sold in an auction sells for its real value. It's more like it's sentimental value.

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