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Originally Posted by PoorLurker
$20k? For some people that's a couple years of depreciation on their BMW. Watches last a lifetime and are heirlooms.
Some watches become more collectible and hold their value rather well, so total cost of ownership isn't as much as one would think. However, the cost of membership is a pretty hefty upfront price.
Source: Me, who doesn't own an expensive watch, haha
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This is it though. It is a far cheaper hobby than cars. You could by an M2 or a $60K watch. The watch has lower maintenance cost and will either a) hold most of its value forever or, b) be an asset that your grandkids can have ... And theirs ...
Also, if you ever need more liquidity, these watches are generally readily convertible to cash. Most don't appreciate but will retain a lot of their value. I would not do them before most other things are reasonably settled, but it is a great way to park some cash and get some enjoyment out of it.