Richard Mille

As an investment Patek broader market and easier to sell. Mille are for a more selected taste and could prove harder to liquidate.

 

I love Richard Mille watches and hopefully I have the money to buy one when I am older.

If you want to buy a Richard Mille purely for an investment, then you're probably buying it for the wrong reason.

 

What do I know?

 

In my opinion, watches are probably not a good investment including Pateks. If you need to liquidate then certain Pateks are better than others and the Nautilus is a safe one. If you are looking to spend the kind of money a Richard Mille will cost then your market is very small if you want to sell. BTW, I'm hearing that Patek will raise their prices another 4.56% on Feb 1st.

 

I think in any diversified portfolio, collectibles have a place. Within collectibles, watches have a place, within watches Patek is the A++. Stick to limited edition and rare and out of production pieces and you can't go wrong. I would have most of my watch allocation in Pateks but I think you can make room for a Richard Mille or nine. I have a Richard Mille and it is the most exciting watch I have ever owned. I can't even explain why. I love wearing it. Richard Mille brand will continue to grow. He has a great knack for picking winning sportsmen and women to back and as long as he doesn't dilute the brand I think he will continue to attract good demand. The key obviously is to get in at the right price (around 60% - 80% of retail) and to buy the limited editions.

PS, "Should I keep buying Pateks or are Richard Milles too?" - those are the good problems to have

 

He signed a hat and gave it to me at a dealer dinner one night so I tend to agree.

 

I am not 100% sure about it holding much of it's value but I personally think it would be hard to trade it for something else without getting the raw end of the stick if you know what I mean?

60-80% off retail makes them VERY affordable! Might sell the Ferrari to buy one.

 

I meant 60-80% of retail so 20-40% off which would include lightly used

 

my lower middle class roots are giving me a hard time justifying 60k for a Richard Mille

 

I hear you but Ferraris, watches etc these are all fun toys that no one needs so I don't really see the difference.

 

jer im with you - from the Bronx - cant get myself to spend more than 50k on any watch but a patek

just like with cars I think you shld buy what gives u butterflies/excitement

for me its 1 patek 5970 for each of my sons... have debated getting a 5270 but falls short whenever I get close - something is just missing

 

I would buy one in a heart beat! Would LOVE to own an RM11.

But my lower middle class roots can't afford to buy one.

+1

 

Americas distributor, actually.

 

No idea RE investment value of them but a richard Mille watch is one of my dreams to own, along with a Zonda. Stunning pieces of engineering, both of them.

 

Considering you can get them for 30-35% off, I think they are the next Franck Muller

However, I do love them

 

Maybe, if you're buying one in the solid 6 figure range. I know what dealers will and will not do.

 

Richard Mille RM 011 Titanium Felipe Massa list for $115k and you are able to buy from 87-92k.

Richard Mille RM 035 Rafael Nadal First Edition Black can get for 75k.

 

RM 011 is my dream watch. Will have to wait to buy that one when I retire me thinks.

In the meantime, I wasted $80 on this item off Ebay.

It's pretty cool. When you open it up, it plays through around 12 RM watches. I forget the models now, but they are all very nice.

Richard Mille Boxed USB Drive Press KIT Plays Video When Plugged IN Card | eBay

 

You should have told me you wanted stuff like that.