MR WATCHGAMEUNITED STATES OF AMERICA
Steven Forkosh, also know as Mr WatchGame as his name indicates, is a watch collector from the U.S.A and enjoys the game of collecting extremely exclusive and highly complicated pieces. We managed to catch up with him to get a bit more insight as to why he collects, his inspirations and thought process when adding to his collection.
– What is your name and/or the alias you would like to go by?
Steven Forkosh / Mr WatchGame
– What country are you based in?
USA, New York City
– As a collector, what do you like to collect and what started your collection?
Hmm. My first was a chronoswiss opus in steel. I truly enjoy high complications although everyone should respect the simple dial yet complicated to fit in a thin case type of arrangement.
– Could you further explain why you collect?
There’s two types of thoughts when collecting.
Collecting for future value, which is thought to be the best “investment” but can get out of style although considered “timeless”.
Then there is collecting for “fashion hype” as much as everyone will deny that they do it. It’s probably all that their is left today.
I truly love out of the ordinary pieces but when wearing something that nobody else has it’s always the best feeling to stick out in the room.
It’s always an uncomfortable feeling when you sit at a table with 6 people all wearing the same watch arguing who got the better discount.
– Have you ever considered collecting something else other than what you already collect?
I considered collecting cars, it worked for a while but, I’m a young guy and I would like to stay young unlike cars, they get old much quicker than man.
When you see something as art let it be a painting. If it has wheels you should be able to drive it.
I’ve had bad experiences with multi million dollar Ferrari’s dying on the side of a street; it’s just a liability nightmare. I’ve also had a horrible experience with a Bugatti not too old, but even 2008 is considered extremely outdated today.
So if you ask me, yes I collect cars but new cars and I sell them back and lose tons of money all the time and that’s just the motion. Don’t buy things in anticipation to be rich, anticipate to buy things once you are rich and own every second of it.
– Ever had any not-so-great collecting experiences?
That’s easy, I tried collecting cigars! I spent so much on them however, I just hate smelling like s*** so you know, me and cigars… “no bueno”.
– As a collector, who would you say inspires you and why?
As messed up as it sounds I have NEVER met anyone that isn’t a dealer or the brand itself that owns or has owned more [big] pieces than I have in the last 7 years. And it’s super sad that I know more about the watches core mechanisms and price points, than all of the sales people that work for the brands combined.
It’s sad but when you have all your hard earned money in something you better know how to fix it yourself. I happen to be that crazy guy that will literally sit next to a watchmaker and take notes how to take apart a RM (Richard Mille) just to know how to argue with service as to why it should take 45 min to fix rather than 6 months!
– What’s your opinion on reselling items you have bought for your personal collection?
I love everything I buy, that being said it hurts when you buy something for let’s say 1 Million USD and then 1 week later you want to trade it with 3 others to get something larger in life, [because that’s just the ´it´ of an addict] and they’re all worth 60% or less than you initially paid.
There is a market price, dealers price for stock, and retail. It’s almost impossible to always have the winning curve in a moving market.
For example, if you bought a Patek Philippe 5711 at retail and you think you are going to score EBay or Chrono24 prices you are dead wrong. Those are bait to point the market north. People would be lucky to get 10% less of that price. These dealers all have a whatsapp groups like the collector group chats I´m in, and if too many are in the market they inflate prices together like the Mafia.
In the end if you want my opinion, buy, resell, but don’t get mad at what you get and how the market moves after or before. You only live once so go loco.
– As a collector, have you inspired or convinced others to also start collecting?
I’m sure I have. It’s a style and a I truly believe people think it’s an “investment” but like me, they will outgrow their own investments and lose money on them into their next loss but it’s all fun and enjoyable believe it or not.