Crepitus
Diamond Member
- Mar 28, 2018
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Selling from $499.00 to $100,000.00 they must be some pretty nice watches. right?
Nope. It's all a scam, unsurprisingly.
Even the highest end version is a ripoff.
Almost the entirety of the cost for the Victory models comes in the material cost for the āsolid goldā case and bracelet. Trump claims thereās 200 grams of 18K gold in each watch. If true, the spot price of gold puts that cost near $13,000.1 Thatās real money.
The tourbillon movement inside these watches also appears to be an off-the-shelf product, but at least itās a high shelf.2 If I had to bet, Iād guess the Victory uses something from Olivier Mory, who sells āSwiss Madeā tourbillon movements that generally run around $3,000.
How does Mory keep costs down? āSwiss Madeā is like āBroadwayāāit sounds like a colloquial description, but itās actually a legal term of art.3 Swiss Made means that 60 percent of the manufacturing costs and 50 percent of the āessential manufacturing stepā must occur in Switzerland. Mory sources as many parts of his movement as he can from outside Switzerlandāwhile still maintaining his āSwiss Madeā status. And he streamlines his build process so that he can assemble 1,000 movements per month while keeping half of the āessential manufacturing stepā in country.4
I canāt speak to the cost of the diamonds because thereās no information about the total karat weight involved but they appear to be quite small, in the <1mm range. For the sake of argument letās say that the diamonds add another $1,000.
Weāre now talking about a total production cost in the neighborhood of $20,000āand possibly much lessāfor a watch offered at $100,000.
As a point of reference, the list price on a solid gold Rolex Submariner is $40,600. In the Submariner you get an in-house, state-of-the-art movement running at COSC spec inside a bullet-proof case. The fit and finish will be superlative. And even though youāre paying over the odds for the Rolex name, youāre getting 10x the watch for 40 percent of the price of a Trump Victory.
Did I mention that the Trump Victory canāt get wet? From the Trump website: āThe Tourbillon watches are not intended for water exposure.ā
So, you know, donāt wear it to a boat parade.
The cheaper ones actually come in at about $20.00 to make.
Helluva profit if you can get away with it.
How many of you fella have one on order?
www.thebulwark.com
Nope. It's all a scam, unsurprisingly.
Even the highest end version is a ripoff.
Almost the entirety of the cost for the Victory models comes in the material cost for the āsolid goldā case and bracelet. Trump claims thereās 200 grams of 18K gold in each watch. If true, the spot price of gold puts that cost near $13,000.1 Thatās real money.
The tourbillon movement inside these watches also appears to be an off-the-shelf product, but at least itās a high shelf.2 If I had to bet, Iād guess the Victory uses something from Olivier Mory, who sells āSwiss Madeā tourbillon movements that generally run around $3,000.
How does Mory keep costs down? āSwiss Madeā is like āBroadwayāāit sounds like a colloquial description, but itās actually a legal term of art.3 Swiss Made means that 60 percent of the manufacturing costs and 50 percent of the āessential manufacturing stepā must occur in Switzerland. Mory sources as many parts of his movement as he can from outside Switzerlandāwhile still maintaining his āSwiss Madeā status. And he streamlines his build process so that he can assemble 1,000 movements per month while keeping half of the āessential manufacturing stepā in country.4
I canāt speak to the cost of the diamonds because thereās no information about the total karat weight involved but they appear to be quite small, in the <1mm range. For the sake of argument letās say that the diamonds add another $1,000.
Weāre now talking about a total production cost in the neighborhood of $20,000āand possibly much lessāfor a watch offered at $100,000.
As a point of reference, the list price on a solid gold Rolex Submariner is $40,600. In the Submariner you get an in-house, state-of-the-art movement running at COSC spec inside a bullet-proof case. The fit and finish will be superlative. And even though youāre paying over the odds for the Rolex name, youāre getting 10x the watch for 40 percent of the price of a Trump Victory.
Did I mention that the Trump Victory canāt get wet? From the Trump website: āThe Tourbillon watches are not intended for water exposure.ā
So, you know, donāt wear it to a boat parade.
The cheaper ones actually come in at about $20.00 to make.
Helluva profit if you can get away with it.
How many of you fella have one on order?
Everything You Never Wanted to Know About the Trump Watch
Surprise! Itās a scam.
www.thebulwark.com
