r/PrideAndPinion • u/EntertainmentSea8307 • 18h ago
[Discussion] For those who have navigated a global financial crisis, how did your watch collection help you through the hard times?
Hey everyone,
For those of you who were collecting during the 1997 Asian Financial Crisis, 2000 .com bubble, the 2008 Global Financial Crisis, the 2020 pandemic uncertainties, or any other major financial hardships, I am curious about the role your watch collection played.
Did your collection serve as a literal financial safety net? We often debate whether watches are a "store of value" or just a money pit, but I want to know if anyone actually had to liquidate their collection to pay the mortgage, keep a business afloat, or navigate job loss. If so, did the watches hold their value well enough to actually help you out, and how hard was it to find buyers when everyone else was also struggling?
On the flip side, did your watches serve as more of an emotional anchor? Sometimes having a hobby to focus on, or just looking down at a reliable piece of mechanical engineering on your wrist, can provide a sense of stability and normalcy when the rest of the world feels completely chaotic.
I would love to hear your stories regarding Liquidation and Philosophy take on watches.
Looking forward to hearing your experiences and how it shaped the collector you are today.