Inside Terence Crawford’s Knockout Watch Collection

Key Concepts

• Watch Collecting as Investment: The appreciation of watches, particularly limited or discontinued models, as a form of investment.
• Scarcity and Appreciation: The principle that once a watch is no longer in production, its value can significantly increase due to scarcity.
• Collectible Items: Watches being viewed as collectible items, similar to art or other luxury goods, that can hold or increase in value over time.
• Personal Significance of Watches: Watches received as gifts or tied to significant life events (e.g., major fights) holding sentimental and financial value.
• Watch Brands Mentioned: Rolex, Ulissiz Nardon, Patek Philippe, Hublot.
• Specific Watch Models: Rolex Submariner (engraved), Patek Philippe (dual time zone), Hublot.

Watch Collecting and Investment

Terence "Bud" Crawford discusses his foray into watch collecting, explaining that his interest stems from a general appreciation for watches. He notes that he doesn't always wear his watches but considers them essential for business attire and formal occasions. He confirms owning an Apple Watch but emphasizes his collection of traditional timepieces.

Crawford elaborates on why watches make sense as investments, stating, "once they done making them, it's over with." He illustrates this by mentioning how a $10,000 watch can later sell for $100,000 or more due to appreciation. He uses the example of a Patek Philippe watch from 1950, suggesting that while its original cost might have been less, its current value would be substantial. He likens this to other assets that generally increase in value over time.

Crawford's Watch Collection

Crawford estimates his collection to be around 10-11 watches, with a collective value he believes is "probably over 500" (presumably referring to thousands of dollars). He then showcases several watches from his collection:

1. Engraved Rolex Submariner

• Details: This Rolex Submariner features a "42000" engraving and was gifted to him before his fight against Canelo Alvarez.
• Significance: Crawford describes receiving this watch as a sign of belief in his victory. He states, "they believe in me that much that they know I'm going win because I had it in my mind that he wasn't beat me." He felt it validated his own conviction and focus on his goal.

2. Ulissiz Nardon Watch

• Details: This watch was presented to him by the CEO of Ulissiz Nardon, who traveled to Colorado to give it to him.
• Experience: Crawford recounts being surprised and impressed by the watch, which is his favorite color, dark blue. He was "blown away" by the CEO's presentation and the watch itself, calling it a "dope watch" and a "dope piece."

3. Patek Philippe (Dual Time Zone)

• Details: This Patek Philippe watch features two time zones, with one set to Omaha.
• Usage: Interestingly, Crawford admits he has "never wore that watch" and has not yet set the second time zone. The interviewer suggests they should pick a place to set it.

4. Hublot Watch

• Details: Crawford describes this as a "simple, black" Hublot watch, estimating its value at around $25,000.
• Usage: He states he "wear[s] that a lot" and finds it versatile, as it "go[es] with anything." He acknowledges that athletes often favor Hublot.

5. Custom Diamond Watch (Autumn RPA)

• Details: This watch features custom-fit diamonds, which Crawford purchased as is.
• Context: He acquired this watch in Houston after his initial jewelry collection was stolen. This theft occurred "right before the Spence fight."
• Impact of Theft: Crawford explains that the theft was due to someone he trusted taking advantage of him. While it meant his collection "could have been even bigger," he views it as a learning experience, stating, "everything happened for a reason. It just, it's eye opener."

"Holy Grail" Watch

When asked if he has a "holy grail" watch he is pursuing, Crawford dismisses the idea. He states, "Nah. No. I'm not no big guy that be like, 'Oh man, I need to go get this. I need to spend $300,000 on a watch to show everybody I got money.'" He emphasizes that he doesn't feel the need to prove his wealth through expensive watch purchases.

Conclusion

Terence "Bud" Crawford's perspective on watch collecting highlights a blend of personal appreciation and a pragmatic understanding of their investment potential. He views watches, particularly those no longer in production, as assets that can appreciate significantly due to scarcity. His collection includes pieces with both monetary and sentimental value, such as gifts received before major career milestones. Despite owning several high-value timepieces, Crawford maintains a grounded approach, stating he doesn't seek a "holy grail" watch to impress others, indicating his collecting is driven by personal preference rather than external validation.