Fitz's Youtube Channel

Lorddrakul · 03-08-2021 9:03pm

https://www.boards.ie/discussion/comment/117698117#Comment_117698117

Funny you should say that.

I spent the afternoon, mixing and matching some Omega 660 end links, with an Uncle Seiko 1171 bracelet and an 1162 clasp for my Mark II.

I'm happy with the results.

Fitz II · 04-08-2021 9:22pm

How to : Brush Finish a watch

Its not perfect but its quick and easy.

https://youtu.be/B6mMcAYY5aM

Fitz II · 07-08-2021 12:26pm

Ceramic Daytona

https://www.youtube.com/watch?v=I2mfEwVA24Q&ab_channel=Crown%26BridgeWatches

scwazrh · 07-08-2021 5:13pm

Another good review Fitz .I disagree re your comment on taxation , any profit from the sale of watch is liable for CG tax just the same as any other asset disposal.Granted you may not volunteer the information but if the purchase or sale shows up through bank accounts the revenue will question it in the event of an audit.

893bet · 07-08-2021 5:42pm

https://www.boards.ie/discussion/comment/117720401#Comment_117720401

My understanding is a watch is a “wasting chattel” and thus except of CGT.

https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-19/19-02-16.pdf

scwazrh · 07-08-2021 6:05pm

https://www.boards.ie/discussion/comment/117720513#Comment_117720513

Arguable point if you’ve held the watch for a long period of time however I would imagine it would be countered that high end watches last more than 50 years.

Purchasing a watch at the start of this year and selling it now at a profit is a taxable event .

Fitz II · 08-08-2021 6:27am

https://www.boards.ie/discussion/comment/117720631#Comment_117720631

I have survived and audit on this its not an issue. *not financial advice*

scwazrh · 08-08-2021 8:46am

https://www.boards.ie/discussion/comment/117722415#Comment_117722415

So you’ve shown a profit on watch purchases and revenue deemed there is no tax liability on that profit?

Fitz II · 08-08-2021 9:28am

https://www.boards.ie/discussion/comment/117722573#Comment_117722573

Yep, so long as its paid for with personal taxed income they consider it wasting chattel (its machinery) its an old rule that covers antique clocks as well past the 50 years cutoff.

scwazrh · 08-08-2021 10:13am

https://www.boards.ie/discussion/comment/117722652#Comment_117722652

Are you sure it didn’t fall under a threshold for cgt?

It doesn’t make sense that you can potentially lodge €10k into a personal bank account and when audited just claim it’s profit from a watch sale .It would be one of the easiest loop holes to exploit if that’s the case .

Fitz II · 08-08-2021 10:23am

https://www.boards.ie/discussion/comment/117722772#Comment_117722772

Why do you think watches are so popular and oft found in CAB seizures. Its the same with classic cars, car sales in general. The threshold for CTG is about 2500 euro but thats for movable property, watches are wasting chattle which is different. There is a trail Scwazrh....they see on date X money went out to buy a watch on on date Y money came in from said watch sale. You keep records of ads, and texts. They see insurance valuations and pictures of the watch. I am sure if I were to liquidate all my watches in one go and turn 6 figures they would look more closely but no rules are being broken. Sure the biggest loophole in the world is the existence of cash, the dishonest would show no profit on any sale and take that in cash. That's why they dont bother. Also if they tax the profits they have to allow the depreciation and on average watches depreciate so would not work out well for them. The only issue is vat if they deemed you were doing watch trading as a business, however if they open that avenue up they also open you ability to deduct all sort.

scwazrh · 08-08-2021 11:04am

https://www.boards.ie/discussion/comment/117722798#Comment_117722798

I would assume watches being commonly found in CAB seizures is due to watches being an easy method of moving cash across borders not due to any tax exemption .

if a simple ad for a watch purchase and same for a watch sale is enough to prove to revenue that an occasional lump of cash lodged into my bank account is from a watch sale and not a taxable event I have really been missing a trick.

Fitz II · 08-08-2021 11:15am

https://www.boards.ie/discussion/comment/117722931#Comment_117722931

The watches CAB seize are for laundering....dirty cash buys the watch...sell the watch and its clean and you dont have to declare it but you can still spend it without worry. Yeah its an easy way to move money, but the main value is in laundering because there is no mandatory declaration of purchase or sale of wasting chattel. Crims also love cars for this. Buy a car with dirty cash in Kerry and sell it in dublin for clean cash. The Kerry salesman is under no obligation to say from whom the cash came, its just a asset off his books, nore does the buyer in Dublin has to say who the seller was.

Last couple of times I bought off watchfinder they went through a whole money laundering thing with me, taking passports and verifying fixed addresses and phone lines. Its a big issue and one driving the prices at the moment.

How do you prove the origin of any cash lodgement? I try not to do much cash it get messy and hard to remember. But yes the entire revenue system is a honours system based on self declaration. I pay my accountants to look after all this stuff for me and keep me on the right side of the revenue, they certainly get their pound of flesh out of me. Gambling winnings is another loophole, or the personal gift of 3k per year between any two people (get 4 people and you can transfer 12k tax free in any one year). Avoid....do not evade.

unkel · 08-08-2021 10:06pm

https://www.boards.ie/discussion/comment/117720401#Comment_117720401

No, a watch is for personal use and any gain in value is not taxable for CGT. Same as cars. Now if you buy and sell more than a few per year, you are deemed to be a trader and the gain is income, subject to income tax. I think for cars Revenue have the number at 6.

893bet · 08-08-2021 10:14pm

If it’s the same number for watches then you are fucked dude.

edit! Thought it was fitz who posted that😅

Fitz II · 08-08-2021 10:38pm

My accountant said it was getting a bit hairy, but I was safe enough so long as I bought more than I sold.....no problem says I, happy to help.

Fitz II · 11-08-2021 7:18pm

Omega Speedmaster TLDR - cool watch, too expensive these days.

https://youtu.be/rAbHv6ZrX_g

Fitz II · 21-08-2021 7:30am

https://youtu.be/2BiCVw8gcFU

First Look - Rolex Daytona 116515 LN

My first impressions of the Rose gold Rolex Daytona 1116515 LN Ceramic bezel and Oysterflex strap.

Sorry for the rough footage just grabbed some video while my friend was over and we were having a beer, couldn't miss the opportunity.

Cyclingtourist · 21-08-2021 8:40am

Bling Bling, loadsa money watch.

893bet · 21-08-2021 9:29am

https://www.boards.ie/discussion/comment/117783507#Comment_117783507

The white gold version with the grey dial is firmly in my radar. But my head is tussling with the heart.

Head says yes as it’s a safe enough buy

Heart says it’s not me and lacks the horological chops to be a 30k watch.

scwazrh · 21-08-2021 9:35am

Do you find the Daytona very small on the wrist ? Last time I tried one on (i had no intention of buying ) I was very surprised at how small it is, even compared to an OP39 it felt dainty, not for me at all.

banie01 · 21-08-2021 9:38am

https://www.boards.ie/discussion/comment/117783599#Comment_117783599

Weirdly tho, easier to buy than the stainless version and cheaper in the main on the secondary market than a PM ceramic Daytona.

The SS Ceramic bought anywhere other than retail is the bling-bling watch these days IMO.

Fitz II · 21-08-2021 9:45am

https://www.boards.ie/discussion/comment/117783713#Comment_117783713

Yeah but you have a problem, there is nothing with the good look (the precious Daytona certainly is a looker) and horological chops that you dont already have below about 50k.

Fitz II · 21-08-2021 9:48am

https://www.boards.ie/discussion/comment/117783728#Comment_117783728

I dont find them small at all, but I am very used to them. I think they wear a true 40. By no means a big watch. The OP dial is bigger and some people are tuned to see dial. I think in the precious metal they wear bigger cause there is a lot of colour, also the matching dial colour makes the watch appear bigger. I found the black dial SS version wears quite small.

unkel · 21-08-2021 2:42pm

That's a lovely watch. Not sure about the Oysterflex strap though. I'm sure it is excellent but rubber on a blingy watch just doesn't work for me. Makes it look cheap. But I guess a solid rose gold bracelet would add several grand to the price 😁

Fitz II · 21-08-2021 2:53pm

https://www.boards.ie/discussion/comment/117784900#Comment_117784900

My aquanaut disagrees with you 😆. Its the same a a jubilee on a sports watch (batgirl), or a leather strap on a diver (cough Panerai cough)...its a juxtaposition that says the wearer likes a bit of flash and/or formality, but is maintaining some semblance of youth and modesty. A full yellow or rose bracelet watch is a bold statement, that mostly says "I am from Miami". And in Rolex land a 10 grand extra. There is more gold the the clasp of the OF Daytona than in most precious dress watches. I have to say as a watch to wear, a rubber strapped watch is the most comfortable. Quick to dry, hygienic choice for me.

scwazrh · 21-08-2021 5:08pm

https://www.boards.ie/discussion/comment/117784900#Comment_117784900

Agree with you on that . I’ve a couple of rubber straps for my Panerai which are good for swimming or hot weather but not a hope I would buy a €30K+ Rolex on rubber .

That said though the aquanaut is stunning on the rubber .

C0N0R · 21-08-2021 5:11pm

I was sold on precious on rubber when I saw this in the local AD

Cyclingtourist · 21-08-2021 6:47pm

It's not just ordinary rubber, it's titanium rubber.

Fitz II · 21-08-2021 7:26pm

1 character

Cyclingtourist · 21-08-2021 8:50pm

https://www.boards.ie/discussion/comment/117786024#Comment_117786024

Right so it's not rubber it's 'high-performance elastomer'.

893bet · 21-08-2021 9:12pm

https://www.boards.ie/discussion/comment/117786298#Comment_117786298

Do you think Fitz is responsible for the Rolex marketing material?

You are stuck in everything Fitz. Fair play. No wonder so many admire you aground here.

Fitz II · 21-08-2021 9:16pm

https://www.boards.ie/discussion/comment/117786298#Comment_117786298

Elastomer and Rubber are often used interchangeably as anything that has "rubber like" properties. However rubber correctly is an elastomer that has been vulcanised. I would assume that the rolex "rubber" is not vulcanised and hence they use the more correct term elastomer. The high performance bit I assume its related to the fact it properties are superior to some inferior elastomers. Hope that helps.

unkel · 21-08-2021 11:21pm

https://www.boards.ie/discussion/comment/117784947#Comment_117784947

I'm no fan of the Aquanaut, it doesn't do anything for me. Not on metal and not on rubber. Now a full rose gold bracelet Daytona, there is something to behold. Maybe I should move to Miami 😁

scwazrh · 22-08-2021 12:09am

https://www.boards.ie/discussion/comment/117786781#Comment_117786781

But when your into big watches a Daytona feels the same size as a euro coin on your wrist.

once you’ve your Panerai you’ll laugh at a Daytona !

unkel · 22-08-2021 12:22am

LOL yeah I would never wear a Daytona. Beautiful classic design and stunning in rose gold in particular. And relatively good value in precious metal compared to the just ludicrously valued steel. But it wears small and is more suited for a man with a smaller wrist. Or of course for a female wearer!

Fitz II · 22-08-2021 8:11am

https://www.boards.ie/discussion/comment/117786961#Comment_117786961

See thats the point. Its go nothing to do with wrist size or gender really, we all have wrists within a inch of each other, its preference (I stile maintain a 36mm explorer is too small). You have to own it and say proudly "I am into big watches" not some excuse that you are somehow an extra ordinary human. This is what "buy what you like" actually means

https://www.boards.ie/discussion/comment/117786998#Comment_117786998

I guess there are certain anatomical variations between wearers that require a watch of a certain size to compensate for. 🤣

Cyrus · 22-08-2021 9:03am

The other thing about different sizes of watches is how perception changes, if you remove and panerai and put on a daytona it'll feel dainty, wear it for a week and that goes away.

Then you put the panerai back on and it feels unwieldy, leave it a while and you get used to it.again.

scwazrh · 22-08-2021 10:42am

Fitz: You have to own it and say proudly "I am into big watches" not some excuse that you are somehow an extra ordinary human. This is what "buy what you like" actually means

Im not following you there —

Agree wrist size is similar with the majority of us that it is a preference as opposed to an individuals size.Ive said “when you’re into big watches “ which Would have been more accurate to say “when you prefer big watches “

“The extra ordinary human being “ Do you mean you feel wearing a larger watch has you compensating for other short comings ?

Cyclingtourist · 22-08-2021 10:52am

The underling argument with these type of watches is that you don't have to like them because 'inevitably' you will be able to get your money back plus something extra whenever you need/want to sell it. To me it's just a very expensive egg-timer but to others it's worth every penny because people will always want one. I'm old enough to remember people being advised to 'put your money into bank shares', guaranteed if unspectacular growth, the proverbial 'money in the bank'. No one, or at least very few, foresaw the crash. If that's some old foggy talking then look at Afghanistan where no one saw the almost immediate collapse of the apparently well armed and trained conventional army.

As regards this review I found it funny that Fitz was pointing out the 'milled clasp', something that you get on virtually any bracelet watch costing over €500, or that it's a 'column wheel' chronograph when you get one in a Seagull 1963 for €200.

Fitz touts them as his honest opinion and I've no doubt that's what he believes but how honest can anyone genuinely be if they are reviewing a friend's expensive watch or one you've just sold to an acquaintance?

unkel · 22-08-2021 1:35pm

@Fitz II "I guess there are certain anatomical variations between wearers that require a watch of a certain size to compensate for."

I guess our friend Trump has a massive langer so 🤣

Fitz II · 22-08-2021 2:01pm

https://www.boards.ie/discussion/comment/117787696#Comment_117787696

https://www.boards.ie/discussion/comment/117066288#Comment_117066288

I mention the movement because you asked me to before (quoted above), have you changed your mind? A milled clasp on a precious metal watch is more of a novelty as milling is more wasteful of metal than pressing or casting. It is a stronger clasp also as you can optimise the properties of the metal rather than needing ductility or castability. Your views on the Rolex bubble or not are not terribly well researched, but your ire at the brand is noted again and again and again. I wont be doing any more cheap watches really like Seagulls, they bore me and hold no value to me, or it would seem the people watching my reviews.

I take a lot of umbridge that you would suggest I am not being honest. Have I ever given you reason to think I sugar coat my opinion, or that I am somehow too shy to tell somebody to their face their watch sucks balls. I point out the failing in my own quick enough and these are the ones I am emotionally invested in. I had issues with Unkles Deepsea, I had issues with another friends Seamaster. I have issue with a number of watches, I dont however have much issue with a precious metal daytona cause its a flipping excellent watch, and its only personal preference that you can sites as to its value. The only person round here I pussy foot around it you, cause you are a bit of a crazy troll, and seem to be unable to take any pleasure in anyone else's watches unless they conform to your ideas of value. I just assume its a form of begruggery. My feinds though know that I take a genuine pleasure in their watches and achievements, and would be quick to guide them if I though they were mistepping. Many on here will attest to this, and do the same for me.

I would respectfully suggest if my reviews annoy you that you stop watching them, and stop reading this thread. It will be better for us both. You are of course free to do as you wish, and as wibbs allows but this passive aggressive bullshit needs to stop. I am a good contributor to the forum and really dont deserve this crap from you.

Over and out.

Cyclingtourist · 22-08-2021 2:18pm

https://www.boards.ie/discussion/comment/117788326#Comment_117788326

Think this is what I said in relation to your Air King review.

"What about the movement? What about the 'wristshot' where you share your wrist-size?"

I haven't changed my mind about your Air King review.

Fitz II · 22-08-2021 2:23pm

https://www.boards.ie/discussion/comment/117787673#Comment_117787673

Ah no I am only joshing Unkle...My point is that we often say we have big or small wrists to excuse wearing the size watch we want. I think just wear the size watch you want and dont bother with the excuse. I posted a survey of wrist size previously on old boards that showed that people vastly over or underestimate the size of their wrist and that we all mostly fall into the 6.5 to 7.5 inch spectrum. Just buy the size you like, as Cyrus says you will get accustomed to it quickly. Its mostly the change we notice.

Unkle yes Trumps is a massive langer alright 😁

Cyrus · 22-08-2021 2:25pm

https://www.boards.ie/discussion/comment/117788401#Comment_117788401

Banie has often commented that this is the nicest corner of boards. You seem intent on changing that, Fitz has show remarkable restraint in dealing with you so far to be honest. Whatever your issue is just come out with it instead of this passive aggressive sniping.

banie01 · 22-08-2021 2:30pm

https://www.boards.ie/discussion/comment/117788431#Comment_117788431

100% agree with this. So many little digs and sleights thrown and going on months at this point. It detracts from threads and puts a confrontational tone on much of what follows IMO.

And I say that as someone who has shoved his own size 12 into his gob a couple of times in here 😉

893bet · 22-08-2021 2:36pm

https://www.boards.ie/discussion/comment/117788401#Comment_117788401

Ok let me get this straight. So fitz didn’t mention the movement in the air king review…..and you offered “constructive criticism” it for the lack of detail of not providing the movement detail?

Then in the Daytona “review” (review in commas as it was not a review really rather a first impressions) Fitz did mention the movement and you criticise his review for mentioning the movement then as the movement is nothing special.

right…..makes sense…..the only constant is you moaning really.…but at least you are consistent with that

Cyclingtourist · 22-08-2021 2:41pm

https://www.boards.ie/discussion/comment/117788326#Comment_117788326

So you've extended/edited your initial mild response into a personalised rant against me. I don't respond to personalised attacks here or on any other forums.

893bet · 22-08-2021 2:51pm

I see no rant. Or personal attack. I see a measured response. The fact that it is edited makes no difference and it is a strawman to try and twist it that way.

I see some one unwilling to respond as they know that based on the responses from others here that everyone can see the constant childish sniping.

Trying to gain the moral high ground as you have done now brings the lols though.

Fitz II · 22-08-2021 3:14pm

https://www.boards.ie/discussion/comment/117788526#Comment_117788526

I only edited because you cannot multiquote across pages and I want the original suggestion from page 3 that I include movement detail in the reviews. That you got a reply in between the 10 minutes it took me to type my response means nothing. Now after months of snid comments you have finally gotten a rise out of me. (Calling me dishonest is too far for me) Here is your platform and say what you want to say, we are all adults allegedly. Dont play hard done by now its unbecoming. If you are unwilling to stand by your comments, it would be maybe best you dont make them. Attention on you now sir, that was the intention wasnt it?

Fitz's Youtube Channel

Comments