Investing in watches is a controversial topic. Some watch collectors say it’s fruitful, while others say it’s a waste of money. So, you might wonder, “Are watches a good investment?”
Luxury watches are thriving in the marketplace. They can also be an excellent investment if done wisely.
To assist you in making better judgments, we will educate you on the financial aspects of watch collecting in this article.
If you’re interested to learn more if watches are a good investment, keep reading!
So, Are Watches a Good Investment?
The short answer is yes. There is an increase in the number of investors trying to make money purchasing and selling watches in the watch industry. Luxury and vintage watches, especially, are pretty valuable, and that value can increase drastically over time.
For instance, the Rolex Submariner, a.k.a. Rolex hulk, is considered the most valuable and rarest watch.
If you invested in that watch for $5200 in 2016, you could quickly sell that same watch today for $6500. That’s easy money, right there.
So, here are a few points to keep in mind if you invest in luxury watches: First, you should only invest after thorough research and experience. Start as a collector and gain information while nurturing your hobby without considering its potential as an investment.
Once you gain experience, you’ll be able to invest your money wisely when looking for future returns. By then, you’ll have gathered a fantastic collection!
5 Reasons To Invest In Luxury Watches
1. Wise Investment
When you purchase a luxury watch, you genuinely buy a piece of fine jewelry composed of pricey materials like white gold, platinum, and other expensive and precious metals.
Moreover, using costly materials during manufacture causes timepieces to become rare and exclusive. As a result, it simply increases the resale value of your possessions in the long run.
Thus, investing in a high-end watch can be more innovative than wasting money on a quickly out-of-date (and rapidly declining value) outfit. So, ensure you maintain your timepiece in top condition and hold onto the box and any related paperwork.
2. Showcases Your Style
Wearing a watch shows your true identity, and the right timepiece can significantly impact your fashion sense and personality.
For example, a sports watch demonstrates your healthy lifestyle. Meanwhile, an aviation watch shows your love of travel. On the other hand, a diving watch shows your interest in water sports and so forth.
A watch on a person’s wrist can also reveal their sense of aesthetics.
3. Celebrates Milestones
Every significant event in your life deserves to be remembered with style. Therefore, you’ll use your watches to tell those tales again.
For instance, wearing a matching set of expensive watches can commemorate your silver wedding. Meanwhile, your brother can celebrate his graduation with a prominent timepiece.
Watches do more than just display the time; it also serves as a reminder of important events. So, having your best timepiece is also a milestone in and of itself.
Watch brands make luxury timepieces that last, which is why they make excellent investments or potential future heirlooms. Skilled watchmakers handcraft many high-end watches available today with old-world methods and cutting-edge advancements.
Regarding luxury designers and watchmakers, Swiss-made timepieces like Rolex watches have regarded Omega as the best.
Master watchmakers have also long called Switzerland home, and the “Swiss Made” moniker is well-earned. In addition, a watch must have been constructed in Switzerland using premium, handcrafted movements made within Swiss borders to bear the Swiss-Made badge.
Before they put it on the label, they check every item for quality, and the methods employed guarantee lifespan and accuracy. However, remember that these watches have a history that goes back to before batteries and industrialization.
5. Family Heirloom
One of the advantages of an excellent watch is how it is expertly built. Meanwhile, a luxury watch can last for decades and be handed down from parent to child if properly handled and cared for.
Although, no one wants to consider their ultimate death or the death of their children. However, there is an unmistakable allure in purchasing something magnificent you can share with your children. It is also comforting for them to share it with their children.
Thus, it acts as a family heirloom.
How to Invest In Watches
Invest in what you like. Every investment, including watch investments, carries some risk. Whether no one wants to purchase your watch or it isn’t as popular as it once was. So, those risks won’t seem like a loss if you buy the timepieces you prefer.
Moreover, the potential earnings of this watch over the next ten years won’t trouble you. You would prefer to preserve them for future generations. More than just an investment, it represents a family legacy.
The case for investing in watches and government bonds is different because purchasing a timepiece does not ensure a return. Besides, nobody can predict the future, and the trend could be upward or downward.
The current fashion trend is simple, minimalist designs with a huge dial. However, the trend will only sometimes continue in the next ten years. So, save money and avoid buying a watch you can’t afford to lose.
Luxury Watches That Have Increased Value Over Time:
- Patek Philippe Steel Nautilus, Reference 5711
- Audemars Piguet Royal Oak Jumbo Reference 15202ST
- Rolex “James Bond” Submariner Reference 6538
- Omega Silver Snoopy
- Rolex Daytona Reference 16520
Frequently Asked Questions
What watch would be the best investment?
Watch enthusiasts suggest five investment watches you should make in 2022. These include the Rolex Air-King Ref. 126900, Rolex GMT-Master II Ref. 126720 VTNR, Patek Philippe Ref. 5470 1/10th Second Monopusher Chronograph, and Patek Philippe Ref. the 5172G Chronograph with Salmon Dial.
Why should you own a high-end watch?
Luxury timepieces are incredibly durable and dependable, so if they are properly maintained, they will continue to function and look excellent for many years. You can also hand these watches down to the next generation for them to wear and enjoy because they last very long.
Will the value of Rolex decrease?
A timeless luxury watch brand that doesn’t lose value over time is Rolex. Indeed, some classic cars retain their value even after being owned by someone else.
It can also be helpful to know the deal, whether you’re a watch enthusiast trying to buy a used Rolex watch or curious about how much your old wristwatch might be worth.
What watch brand’s value increases over time?
When it comes to value appreciation, watch brands such as Rolex, TAG Heuer, Omega, and Breitling are at the head of the pack. So, investigate the model and components before selecting an investment watch.
Where can I find luxury watches online?
Luxury watches are becoming increasingly popular in the watch world, leading to a genuine swarm of online marketplaces.
Unlike their competitors, businesses like eBay have gone above and beyond to guarantee you receive what you pay. The website also makes selling as simple as buying, enabling you to profit immediately from your investments in horology.
Some things are indescribably valuable. Whatever you decide to spend on, whether it’s high-end jewelry or beautiful timepieces, the most crucial factor is that it makes you happy.
A watch investment carries history, improves your appearance, and captures moments in time in addition to making you a lot of money.
Moreover, the best investments are fine watches and heirloom jewelry since many generations pass them down to the next and have enormous profit potential.
If you like this review, please read our other reviews at EvesWatch.com.
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- Do Breitling Watches Hold Their Value?
- How Much Do Pawn Shops Pay For Watches?
- Why Are Tag Heuer Watches So Expensive?
My name is Eve Acosta and I’m the person behind this site. Watches are what get me ticking ;).
No, but seriously, I just love watches, I have over 30 myself. It’s an obsession of mine, which is why my husband recommended me to put my hobby into some good use and build this site – so I did.
My passion for timepieces came from the fact that my parents own a small chain of shops selling timepieces. I’ve worked at the shop since I was 11 and fell in love with the merchandise.