Luxury watches for most of us represent an indulgence. We buy luxury timepieces for many reasons – quality, craftsmanship, fancy complications, status, sometimes even for something as simple as how good it looks on our wrist. Regardless of its current or future value, we make a significant investment of our money, time, and interest when we buy an expensive watch. But does our purchase represent a smart monetary decision in terms of future resale value? That depends on a few things. Read on to find out what our watch gurus felt are some of the hallmarks of a good investment watch.
Andrei Vasilescu, CEO and Digital Marketing Specialist at DontPayFull.
Look for Limited-Edition, Collector’s Watches
An expensive watch can be an investment, but it depends very much on the company, model, and the materials it’s made of. Just like luxury purses or cars, not all items are created equal. Most watches will decrease in value as the years go by, so it’s not a great place to sink your money. You buy it, it gets old, tarnishes, or stops working.
Have you ever seen a worse investment? But select models – usually the ones that are limited edition, in very limited supply, or rare vintage ones – can increase in value, as they are coveted and difficult to find. That makes them collector’s items, and very valuable.
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