With the rise of inflation, more and more people are looking for ways to invest their money into lucrative assets. Despite the rising number of smartwatches, people look for luxury watches as a long-term investment. But are these watches even a good investment, and what type of watches are recommended? We will cover these and more questions for you in this article!
Are luxury watches a good investment?
Before we can have a closer look at the possible watch brands and types, we need to answer the question, “Are luxury watches a good investment?” But what even is a good investment? Investments usually result in a gain of resources; for example, a good investment in a watch would be to buy it at a lower price than when you sell it. A good investment gains value rather than losing value due to time and materials. Luxury watches are not only a good investment when it comes to the material since, for example, gold gains value with time, but it also has a high value due to their excellent craftsmanship.
Notable brands
Unfortunately, you need to know about watches before making this investment since not every brand is a good one and promises higher returns. Especially Patek Philippe watches, specifically the Patek Philippe Nautilus, show value with time. Have a closer look at this watch: https://www.chrono24.co.uk/patekphilippe/nautilus–mod106.htm.
What to consider when investing in watches?
Are you keen to invest in your first luxury watch? If so, you found the right article! You are probably looking for tips and tricks on finding the perfect model. Even though the brand doesn’t impact the look, it still is an essential aspect of buying a luxury watch. Statistically, you can see that certain brands are holding or gaining value the best—for example, Rolex, Patek Philippe, Omega, and Audemars Piguet.
Production Numbers
Some watch brands only come out with a limited number of specific models. If this is the case, chances are higher that this watch will increase its value over time. Even if the brand only changes a few things on the look and comes out with a newer model, the older, more limited one will increase its value.
First of its Kind
Even more lucrative are the first products of new models! Even if the sale is high at that time, you might be lucky, and they change the design or prototype, or even stop the sales years later, which will increase the value rapidly.
Proven Models
As we already mentioned, some watch brands are more lucrative than others and with models. Some models are more likely to increase their value over time. For example, Rolex Submariner, Stainless Steel Rolex Daytona, Patek Philippe 5711 (Stainless Steel) and Audemars Piguet Royal Oak Jumbo.
Stainless Steel Sports Watches
Stainless steel is the most popular material for luxurious watch brands, and therefore we recommend going for one of these models. If You have to decide between gold and stainless steel, always go for steel – it is more promising than gold. Most of the time, gold watches take longer to sell. Therefore steel is the way to go!
New or Used
When you buy a new watch, the watch first loses its value, and it takes some time to gain the value back. If you buy a second-hand watch, you skip this part and might make profits immediately. But: When purchasing a second-hand luxury watch, you have to be careful! Knowing the watch is crucial! When buying a brand new watch, you know that your purchase is secure, and you will get a high-quality watch. With second-hand shopping, there is always some risk involved!
