Insurance on a $100K watch through Hodinkee is around $1400 a year, although I'm sure you can get a better deal.
If you're an enthusiast then you're paying for peace of mind. If you're an investor then that's the equivalent of a 1.4% management fee per year.
The price action right now is absolutely ridiculous, but if you already bought at say 5x retail then that dramatically eats into your potential profits. It's just not worth it, you shove it into a safe and never let it see the light of day.
If you're an enthusiast then you're paying for peace of mind. If you're an investor then that's the equivalent of a 1.4% management fee per year.
The price action right now is absolutely ridiculous, but if you already bought at say 5x retail then that dramatically eats into your potential profits. It's just not worth it, you shove it into a safe and never let it see the light of day.