I’m calling BS on Mr. Remsen’s story in GQ about selling his Rolex GMT-Master II Batman to buy a wooden chair for $4,500 from an elderly Asian woman whose father started their furniture company. If he has son’s they’ll be beside themselves when they inherit a plain chair rather than a watch.
If he bought the watch at a Rolex dealer he paid between $10,000 - $12,000 for the watch, depending on the year of the transaction. The wait for the watch was likely 3-5 years. The current resale value of that watch, used, is $17,500 - $22,000. He could have purchased the silly chair and still had his total cost for the watch plus some profit left over. This part of the article gave him away.
“Maybe one day,
if and when the budget expands, I’ll add to my collection—a Conoid Bench with a live edge slab (unfinished on the seat’s contours, as the forest deems, and inset with more of those cherry spindles) or a Frenchman’s Cove dining table with butterfly inlays to help secure natural gaps in the wood.”
He should have been able to buy more pieces that his heirs would eventually sell for $100 in a yard sale after he dies.
https://www.gq.com/story/i-sold-my-rolex-to-buy-a-nakashima-chair