"Whenever I purchase a luxury item, parang it's a long process for me," David Licauco reveals to Preview. Ever the practical entrepreneur, the Pambansang Ginoo isn't one to make rash decisions when it comes to splurging on a designer item.
In this special episode of Designer Favorites, he shares exact questions he consider before making a purchase. Does the piece spark joy? Is it aligned with his financial goals? Is it a good investment? His thoughtful approach allows him a well-curated luxury collection that can stand the test of time. Find out which pieces made the cut by pressing the play button!
In this special episode of Designer Favorites, he shares exact questions he consider before making a purchase. Does the piece spark joy? Is it aligned with his financial goals? Is it a good investment? His thoughtful approach allows him a well-curated luxury collection that can stand the test of time. Find out which pieces made the cut by pressing the play button!
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PeopleTranscript
00:00 You won't get anything from what I said because what I said is so practical.
00:03 You know?
00:05 Hi Preview, I'm David Lee Cauco and today I'm gonna be sharing with you guys my designer favorites.
00:17 I'm not a big fan of buying luxury items.
00:22 Whenever I purchase a luxury item, it's a long process for me.
00:27 It's a long thought process.
00:29 I ask myself several questions.
00:32 Number one, would it spark happiness, joy, contentment, and satisfaction for buying that product?
00:42 Number two, is it aligned with my financial goals?
00:49 Number three, what would it make me feel when I wear that luxury item?
00:59 Number four, I also consider the investment aspect of the item.
01:09 Okay, my first one would be my Rolex Submariner.
01:15 My thought process of buying this is probably because of Skalil Ramos who told me
01:23 "Hey bro, buy a Rolex, a luxury watch. It's an investment."
01:28 Since I'm a very practical person.
01:30 So I did some research and I read some articles about Rolex and watches.
01:37 If it was really an investment.
01:39 And they said that you can resell it because the price is increasing.
01:46 I tried wearing it and I measured the Rolex.
01:49 I felt like I could be confident wearing it.
01:55 I checked if I was happy with it. I was okay with it.
01:58 It fits my outfit.
02:00 So that's probably the thought process of buying this watch.
02:06 I feel like you can pass it on to your future child.
02:11 Even your grandkids in the future.
02:15 So I will definitely buy it.
02:17 Next would be my Panerai.
02:20 I got this recently.
02:22 I feel like it's an investment.
02:24 It's my everyday since it's a leather watch.
02:26 It fits everything.
02:28 Number 3 would be my Rimowa.
02:32 I've been thinking about this for a long time.
02:34 I used to think that I would buy an expensive bag.
02:37 But I realized that it's practical because I can still use it.
02:43 Even 20-30 years from now because it's timeless.
02:46 Same with my Rolex and my Panerai.
02:50 They're timeless.
02:51 Because for me, the fashion industry is volatile.
02:55 It's in trends. It's changing rapidly.
02:58 So with a watch, with Rolex, with Panerai, with this, it's timeless.
03:03 Here!
03:05 You can even sit on it. I sat on it at the airport.
03:09 Number 4 is this.
03:13 Why did I buy this?
03:15 I'm not sure. Maybe my mom bought it.
03:17 I think she bought it for me when we were in Hong Kong.
03:21 In Harbor City.
03:23 We were walking and at that time, I wanted white shoes.
03:27 And then, it just so happens that Alexander McQueen was there.
03:30 But I didn't know who Alexander McQueen was at that time.
03:32 I'm just guessing. It's expensive, right?
03:34 Around 30,000 pesos.
03:35 I'm guessing.
03:37 I said, "Shucks, maybe my mom will buy it."
03:39 I said that I'm not sure.
03:41 I was like, "Can we look at other people's shoes?"
03:43 "Maybe she won't buy it."
03:44 So I bought it right away.
03:47 I said, "Mom, thank you."
03:48 Because it's expensive.
03:49 I think this is the first time she gave me a pair of shoes.
03:53 I feel tall whenever I wear that.
03:57 It's like 2-3 inches.
03:59 It makes me 6'2".
04:00 6'3".
04:02 Again, it makes me feel more confident wearing those.
04:06 Because, of course, I'm 2-3 inches taller.
04:10 Maybe sometimes, whenever I want to look handsome,
04:15 I wear those.
04:17 This is my fifth LV wallet.
04:20 It's been a while.
04:21 I got this in 2017.
04:23 2018.
04:25 It's been a while.
04:27 I think my friends influenced me to buy a designer wallet.
04:32 Sometimes, it gives me confidence.
04:36 Because when you go out, you're like, "Oh, it's LV."
04:38 Thank you guys for watching.
04:42 I hope you guys enjoyed.
04:44 Please follow my social media accounts @DavidLicauco
04:48 across all social media platforms.
04:50 Don't forget to subscribe to Preview on YouTube.
04:54 Follow their Instagram account, Twitter, Facebook, and TikTok.
05:00 All of them.
05:02 [Music]