WATCH AS AN INVESTMENT ー WHICH ONE SHOULD YOU CHOOSE?
Have you ever thought of buying an exclusive watch as an investment? Some watches retain their value or even increase in value over time. In this article, we will help you understand which watches should be considered as an investment.
THE WATCHES THAT HOLD THEIR VALUE THE BEST
Some buy an expensive watch as an identity marker, others as an exclusive accessory, while the smartwatch lover also sees it as an investment. These factors can make your exclusive watch a profitable investment.
AN EXCLUSIVE BRAND
To begin with, it takes an exclusive brand with quality mechanical watches and unique craftsmanship for a watch to be seen as an investment. Rolex, Patek Philippe, and Tudor are a few examples of watch brands that tend to maintain their value or even increase.
Watches produced in limited editions are often the ones that increase in value the most. When production ends, watches can sometimes double or even triple in value on the secondary market.
Unlike cars, watches do not depreciate quickly; quite the opposite. For example, investing in an older model Rolex or Patek Philippe can be wise as a rare watch increases even more in value.
INVESTING IN A ROLEX OR PATEK PHILIPPE
Rolex and Patek Philippe are among the best brands to buy a watch as an investment. Rolex and Patek Philippe are the most exclusive and expensive watch brands worldwide, repeatedly breaking new records for the most expensive watches ever sold.
Investing in a steel Rolex is usually considered a safe bet. The watch often retains its value well, unlike models adorned with diamonds. The Rolex Submariner, in particular, is often mentioned when investing in a Rolex. But owning a Rolex can prove to be a profitable business; some Rolex models have gone over 100 percent in value over the years, and even a few watches have broken breathtaking records. Hollywood star Paul Newman’s Rolex Daytona from 1968 was worth about $200 in 1984 when the star gave it to his then son-in-law. When his son-in-law sold the watch at an auction in 2017, it was hammered through for 17.8 million dollars.
Check out the ROLEX GMT-MASTER II or the Rolex New Collection for 2022 to explore the classic watch brand.
Patek Philippe is considered among the world’s finest watch brands and is also considered to maintain significantly better quality than, for example, Rolex. The watches go through rigorous testing so that each timepiece is perfect, and it is not uncommon for genuine diamonds to adorn the watch.
In 2019, a watch from Patek Philippe was the most expensive watch ever sold. The Patek Philippe Grandmaster Chime was sold at the Swiss watch auction Only Watch, where all proceeds go directly to the charity. The Patek Philippe Grandmaster Chime was clubbed for a whopping 31 million dollars.
A WATCH CAN BE A SAFE INVESTMENT
If you want to buy a watch as an investment, both Patek Philippe and Rolex are good choices. But, as mentioned, rare watches are the ones that increase in value the most, but they are also tough to come by.
Whether you make a profit or not on your watch in the future, buying a high-end wristwatch is an investment in yourself ー an investment that allows you to stay stylish and show the exact time for many years to come. Remember to take good care of your watch.