Tips for Investing in Luxury Watches
Before you start looking for the best wristwatch to invest in, take a deeper look through these tips. Remember that investing in luxury watches comes with risks as well as rewards. While wristwatches hold value aren’t part of a traditional portfolio, and while gains may be much smaller, in today’s market it can be a lot of fun to look at the best resale value for the watches on the market and decide which appeals to you the most.
Being interested and passionate about wristwatch collection or even liking the brand is fundamental when it comes to doing research on which wristwatch to invest in.
Tip #1 Pick a brand of luxury watches
A mechanical watch service and restoration company in New York, said, “For me, Patek Philippe and Rolex are the two brands that stand out in terms of investing, they’re like buying stocks in Apple or Microsoft.” There are quite a few selections on luxury watches to invest in, however, if you do not have the right budget for a Patek Philippe or Rolex, Scandinavian watches from Montara watches are in general one great investment when it comes to dressing watches, formal wear watches or sports watches.
Tip #2 Don’t start with an obscure brand of luxury watches
Evaluate brands that have continued to perform throughout generations. Breitling, Omega, Audemars Piguet, Cartier, Panerai, Jaeger-LeCoultre, and IWC fit the bill.
Tip #3 Do your research well of luxury watches
It is vital to know which type of watches for men you are focusing on. Focus had been on contemporary wristwatches, but the taste has changed and there is a recognition that vintage watches are more collectible.
Tip #4 Pay attention to standout models of luxury watches
Designer wristwatches are products of true craftsmanship, merging luxury and reliability. Top luxury brands create quality timepieces that showcase great design and optimal quality, designed to last you a lifetime. Luxury watches selling for thousands and sometimes even millions of dollars, these timepieces are considered expenditure. Deciding which brand is the best fit for you can take some time and research.
Tip #5 Look for something unique of luxury watches
There are several outstanding wristwatches that hold value as the year’s past, and some that even appreciate, for example, Rolex’s Deepsea Sea-Dweller costs more now, in pre-owned condition, than it did when it was launched. If you can get your hands on one, it is almost definitely a safe bet.
One of the leading watches since 1905, Rolex is hands-down the maker of some of the best investment watches on the market. Of all models available, the DeepSea and Submariner are excellent choices due to their resale value. Selling a used Rolex can bring the seller high returns.
When looking for luxury watches, it is important to take note of the history of the wristwatch, research is the key to get to know more about the watch you desire to purchase. There are several watches for men available online, brand new or resale items are great if you are sure about the seller’s reputation to be a great supplier.
Tip #6 Do not buy a quartz watch of luxury watches
If you are looking for collectible wristwatches, do not buy a quartz watch. Mechanical watches are highly valued for their distinct and in-house movements. Mechanical watches are worth your investment
Tip # 7 Maintain your luxury watches
Make sure you know how to take care of your watch; each watch type has different maintenance. Regularly servicing the wristwatch is essential to keep it in pristine condition, while the restoration is also a costly possibility.
Tip # 8 If you are ready to invest in luxury watches, get help from the expert
The Watch Fund is a privately held investment fund that, as of 2015, has $29 million dollars’ worth of assets under management with 60 investors in the fund. On this homepage you learn more about luxury watch investment, get ideas on how you can resell and get more return of investment on your personal wristwatch collection.
Tip # 9 Have more patience if you’re selling luxury watches
You should be willing to wait it out or even accept that it won’t sell. You should rather enjoy buying luxury watches and wearing it, with the understanding that getting a return of investment is not guaranteed.
Tip # 10 Know the key quality in luxury watches
A key component of luxury watches is its movement, which basically means how it functions to accurately tell you the time. There are 3 ways that a luxury watch tells time. Quartz, Digital, and Mechanical. However, Mechanical watches are the ultimate work of art and are usually more expensive than the other watches.
A luxury watch is a thing of beauty and sought after by men who appreciate high quality all over the world. If you are hoping to resell your luxury watches someday, below are the criteria listed;
- Craftmanship – A watch is a small accessory, but it is surprising how much effort and time actually goes into creating a high-quality one.
- Materials – Craftsmanship can only take a watch so far, the materials used in the luxury watches determines its value.
- Brand – like or not brand name will also be seriously considered when valuing luxury watches. Brands such as Rolex, Patek Philippe, Omega and more are producing solid quality and are more likely to retain their value over the many fashion brands you can get at your luxury department store.
Are you ready to invest luxury watches? With these tips, you’ll learn that investing this kind of watch is worth spending for. So, better look for a luxury watch that fits your budget and preference.