A watch is a portable timepiece intended to be carried or worn around the wrist of a person. It is an important accessory that reminds you of your valuable time and allows you to express your zeal for time with similar people who also share the same passion for timepieces.
With the growing number of watch brands spread across the length and breadth of our world, there are varieties of watches. Some are luxurious and expensive, others are affordable and cheap; some are flashy and big, others are small and inconspicuous; some are investable while others are not. So, when you get to the point where you choose exactly which watch you want, how do you go about that choice?
There many considerations that must be factored in before buying any timepiece. But in this article, we’ll be looking at a less broad topic of watches to invest in. So, what should any newbie or experienced watch collector know before investing in luxury watches? Let’s find out!
Start Your Collections With Trusted Brands
The deciding factor for any investment is trust. This is why for wristwatches, it’s best to buy from trusted brands like Rolex, Tissot watch, Patek Philippe, and other trusted brands.
From Rolex to Tissot and other trusted brands, there are a good number of chances that you won’t go wrong with a classic. Experts approved that classic, suitable pieces will always hold a special place in the heart of watch investors, while the early outlay can be expensive, these classics will always secure your watch collection.
Do Your Research
Before any investment, making research and getting to know the basics of what and where to buy is important if you want to succeed. Sometimes, amateur investors make mistakes purchasing the most expensive watch hoping they would jump on the bandwagon someday.
Be wary of such, make research, and inquire from experts in the industry or experienced investors.
Know How to Play the Game
When supply falls, demands tend to naturally increase in turn according to rules of economics. This can in turn be applied to when investing in watches.
High-quality investments only have limited supply in the market which drives their desirability, timepiece, cars, old furniture, and wines all have these characteristics.
While high-quality timepieces tend to be priced high, watches nearing the end of their production run are worth looking into, these watches mostly tend to be ridiculously cheap which usually makes them a worthwhile purchase.
You can conveniently find any watch that is good to go with just any outfit – classic and minimal that won’t clash with your outfit and run out of fashion. Think about something plain colored face that’s easy to read with little or no problems like sports timers or chromograph
A simple crown and sharp metal or leather brand that can replace other straps would do(like suede for the fall, grosgrain for the summer).
Investing in your first watch could feel like it’s a lot of money but it would be worth it in the long run.
Watch that perfectly fits into your wrist is key. Imagine what a big awkward watch looks like on your wrist, it can look too casual for a suit. When the watch is too small, it can look delicate, too small, and even dainty.
Why Should You Invest in Luxury Watches?
Investing in watches is a great way to make money, especially if you’re totally out of money or perhaps you’re running into debt.
Right from the 70s, the price of Rolex Stainless Steel Watches has always appreciated and never depreciated, and once Rolex manufacturers observe that price go up on the market, they automatically increase their own recommended retail price to follow the rise.
For Avi Hiaeve, one of the most trusted luxury watch retailers located in the heart of the diamond district in manhattan. He said ‘it’s impossible to be priced out of the watch game because there’s a watch at every price for everyone. To round it up, people will always buy a Rolex watch if they want to.
For instance, the Sotheby’s important watches live auction concluded on December 15, bringing in $10.4 million which is up to 27% from last year with a Patek Philippe ref 2499 retailed by Tiffany and co. selling for about $818,000.
Investing in watches can be a very rewarding experience from a financial standpoint when some thoughts are put into consideration. Before you purchase that luxury watch for investment purposes, ensure that you prioritize the aspects of fitness, style, the know-how to play the game. Always do your research and buy from trusted brands only. These are battle-rested considerations that will help you make a watch investment that you can be proud of.