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The Brand Age

paulgraham.com

81–90 of 403 posts

Re: The Brand Age

#82
post #54

I'm struck by the utilitarian mindset of this essay. What Paul so disparagingly refers to as "brand" can also be referred to as "art". People _want_ art, and will indeed pay good money for it. Said differently, people _value_ art enough to differentiate it from "optimal design", and indeed a subset of people will pay top dollar for a suboptimal but artistic design. It is possible to view the fact that capitalist mark…

[deleted]

Re: The Brand Age

#84

Earlier quoted context omitted.

> Why bother? ego, of course

> ego, of course This is so silly. Do you really not have any hobbies where you spend inordinate time or money on things you could objectively accomplish quicker and cheaper, but having less fun, in other ways? Like, I ski. It’s a silly way to get up and down a hill in the 21st century. I’m not a watch guy. But mechanical watches are beautiful. There are idiots who buy them. But that doesn’t mean everyone who does is…

Collecting watches isn't a hobby, it's pure consumerism. Sure many hobbies have (recently?) gotten way more people spending top dollars for no reason but with watch collecting there's nothing else. You're not tweaking the dials, you don't know how to make the watch, you just watch it and wear it while a technologically superior version is 500 times cheaper. There's also no natural shortage of them, they can make a trillion of these watches.

At least with cars or audio equipment there's some marginal benefits once you get to crazy numbers, not the case with watches.

Re: The Brand Age

#85

" Because at Patek he'd encounter the most extreme brand age phenomenon: artificial scarcity. You can't just buy a Nautilus. You have to spend years proving your loyalty first by buying your way through multiple tiers of other models, and then spend years on a waiting list. " Strange game, the only winning move is not to play. I've heard other brands do this (Ferrari?) and, of course, there are lines outside "luxury"…

Anyone with $(80,00-250,000) (which is a lot of you) can buy a Nautilus today[1]. This status-through-martyrdom ritual to get it from retail at MSRP is utterly bizarre. [1] https://www.chrono24.com/patekphilippe/nautilus--mod106.htm

More and more I realize I am completely obvlious to all of the class signaling happening here. I couldn't imagine spending that much on anything, let alone a watch. And I certainly wouldn't think someone wearing that did, either.

I feel bad for the folks who pick up on stuff like this, that must be a heavy weight to bear constantly comparing yourself to other people.

Re: The Brand Age

#86
post #53

I watched the Macbook Neo launch video yesterday and while the product is not very exciting, the video has great production value and it showed this: People want to pay for marketing. Not that Apple's only appeal is marketing, Mac laptops certainly have pros over the bottom and mid tier Windows laptops. But having seen that video, and knowing that other have seen it, are aware of Apple and its positioning, makes peop…

Apple clearly positions themselves as a premium product. There is some luxury element to it to (e.g., my friends will look down on me if I have an android), but it's not really the same as a true luxury product where brand is the main thing you are paying for. If you offered to sell me a macbook for 25% cheapr on condition that I remove the branding, I'd be happy to do so. I'm not a watch person, but I suspect that most Rolex buyers would not pay anything close for an identical watch without the crown logo.

Re: The Brand Age

#88

" Because at Patek he'd encounter the most extreme brand age phenomenon: artificial scarcity. You can't just buy a Nautilus. You have to spend years proving your loyalty first by buying your way through multiple tiers of other models, and then spend years on a waiting list. " Strange game, the only winning move is not to play. I've heard other brands do this (Ferrari?) and, of course, there are lines outside "luxury"…

Clothes, wristwatches, cars, you name it. It's a very common play on luxury brands, Hermes Birkins is the most famous that comes to my mind and follow a very similar playbook.

Apart from the KYC aspect of the process it's their way of solving the problem of artificial scarcity on the second-hand market as the article explains. They want a second hand market to exist to indicate that this is a luxury item, but too many and the price tanking with excess supply.

Re: The Brand Age

#89
post #10

> So the only thing distinguishing one top brand from another was the name printed on the dial Respectfully disagree. Since the 60's (and one could argue, even long before that), watches are 1) fashion, and 2) male wealth-signaling fashion. That's it. Nothing more. And for males who subscribe to this wealth-signaling cult, they know from a long way away what watch brand is on that guy's wrist. Okay, today's brands si…

>The G-Shock brand signals... I dunno, sportsy-ness? Maybe it is closer to a pure fashion brand here.

I own (among other, nicer time pieces) a G-Shock. I bought it when I was in the military and frankly it's a great watch that has withstood some serious abuse. Maybe a cheaper watch would have also survived? I'd happily buy another but mine's still literally and figuratively ticking.

Re: The Brand Age

#90

Earlier quoted context omitted.

Anyone with $(80,00-250,000) (which is a lot of you) can buy a Nautilus today[1]. This status-through-martyrdom ritual to get it from retail at MSRP is utterly bizarre. [1] https://www.chrono24.com/patekphilippe/nautilus--mod106.htm

Holy shit that's an ugly watch too, looks like something outta chinatown lmao.

My least favorite of that eras Gerald Genta designs. The original Royal Oak is comparatively far more attractive. Both are outdone by the 222 (different designer though), but it's all subjective.
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