To be brutally honest, if (a big IF) I do buy a Patek, it will be for all for myself. 
My children can work their @$$ off to get their own (if they are interested in watches at all) just like their old man.
I find PP watches are absolutely gorgeous and has all the authority to command such price and it speaks for itself.
I don't need their tag line to convince me more.
Agreed. This is the mentality we should have. Parents nowadays are overly pampering their children. They think they are doing them a favour but in fact, they are spoiling them. This we have to learn from Warren Buffett.
Yes and no. If you had grown up truly poor, you would understand the opportunity that arises from having a wealthy family. Yes, a PP is a crazy OTT gift, and is definitely spoiling, but it's not really any different from, say, paying the deposit so your kids can afford a house. I would be thrilled if, one day, I am able to help out my child financially in a way that my parents just couldn't help me.
I agree to a certain extent.
To help your child financially is a noble thing... only if it's done in the right way.
Those who grew up in financial difficulty will want to do much for their kids like they never did get in the past.
It's understandable.
But I am a firm believer that helping out financially is a dangerous thing.
As it can lead to a pattern and kids taking things for granted.
I would however give them a loan... with interest of course... 
As to watches, I might leave 1 or 2 for them and that's it...
The rest I might sell it off a couple of years before going 6 feet under and take a long vacation with the money.
Selfish? Maybe... but the kids will need to learn to be a little independent and work hard for what they want.
Haha! I like you Hanz - hard but fair. You remind me of my father in law.
What if you could help your kids out to such an extent that they can afford to take things for granted because they never have to work?
(not that I will ever be in this situation - just hypothetical)
