Luxury Watches, Investment or Collection?

[Suba]

Currently, watches are not only used as timepieces and accessories, but many rich people collect luxury watches or use them as investment instruments. Of course, the way to manage this luxury watch is very different from how to manage investment instruments in general, such as stocks, crypto mutual funds, etc. Luxury watches will show the economic level and social strata. Many luxury watch brands like Omega, Cartier, Breitling, Rolex, Panerai, Patek Philippe, IWC, Cartier, Audemars Piguet, Jaeger-LeCoultre etc.

Watching luxury watches is a hobby, and prices can be unpredictable, depending on the buyer. It doesn't have market value, whereas if we need emergency money even though it can be sold at luxury watch shops but at a cheaper price. So we only expect capital gains from buyers who have a hobby of collecting luxury watches. What do you think.

 

[Springtime]

Yes, there are people who collect luxury watches as a hobby or for investment. Some brands like Rolex watches always have resale value. If you plan to collect luxury watches to make money, you have to understand the resale value of each brand in the market.

 

[Suba]

Yes, there are people who collect luxury watches as a hobby or for investment. Some brands like Rolex watches always have resale value. If you plan to collect luxury watches to make money, you have to understand the resale value of each brand in the market.

You are right, luxury watches often have a higher resale value, so we will make a profit on the difference in the purchase price. Besides we have to understand our resale value, we also need to do brand research, watch models, advantages and uniqueness.

 

[nomad]

If you intend to sell, buying luxury watches can be an investment. However, if you are buying just for passion and a hobby, it is a collection and not an investment.

 

[eldavis]

It depends on your motive though. There are so many persons who buy these watches and even other things like cars and the likes simply as their collection, while there are others who buy them for business.

 

[relcap23]

Currently, watches are not only used as timepieces and accessories, but many rich people collect luxury watches or use them as investment instruments. Of course, the way to manage this luxury watch is very different from how to manage investment instruments in general, such as stocks, crypto mutual funds, etc. Luxury watches will show the economic level and social strata. Many luxury watch brands like Omega, Cartier, Breitling, Rolex, Panerai, Patek Philippe, IWC, Cartier, Audemars Piguet, Jaeger-LeCoultre etc.

Watching luxury watches is a hobby, and prices can be unpredictable, depending on the buyer. It doesn't have market value, whereas if we need emergency money even though it can be sold at luxury watch shops but at a cheaper price. So we only expect capital gains from buyers who have a hobby of collecting luxury watches. What do you think.

One must really be rich if he buy expensive timepieces. Aside from the cost of the watch, battery for these watches are also expensive. It is also hard to dispose watches so I would rather buy jewelries.

 

[Suba]

One must really be rich if he buy expensive timepieces. Aside from the cost of the watch, battery for these watches are also expensive. It is also hard to dispose watches so I would rather buy jewelries.

Yes, you are right, the main target for luxury watch buyers is the rich and upper class such as lawyers, accountants, doctors, influencers, celebrities etc. Luxury watches are not only fashion but also show the prestige and appearance of the wearer.

 

[relcap23]

Yes, you are right, the main target for luxury watch buyers is the rich and upper class such as lawyers, accountants, doctors, influencers, celebrities etc. Luxury watches are not only fashion but also show the prestige and appearance of the wearer.

I agree it dresses up the person. But there are fake watches. My boss gave me a gucci watch before but there were many imitation that sometimes you can hardly tell if it's original lol. I bought a MK watch for almost 300 dollars 7 years ago but I see a lot online selling at less than 20 dollars.

 

[Passiveearner]

Some people may collect these watches and even sell them. In case if the watch is made of pure gold, then the value of such kind of watches may also increase with the passage of time.

 

[Bisolami]

If you intend to sell, buying luxury watches can be an investment. However, if you are buying just for passion and a hobby, it is a collection and not an investment.

I also see it as an investment because the price will increase after years but the disadvantages that they will release new designs of watches and people may not like the old one that you have bought

 

[fcbetting]

Rather buy gold and wait price jump. I didn't hear anybody buy watch as investment. Maybe if you will try resell it for higher price. Maybe some special editions are more worth with time.

 

[Bisolami]

Rather buy gold and wait price jump. I didn't hear anybody buy watch as investment. Maybe if you will try resell it for higher price. Maybe some special editions are more worth with time.

This is one of the best investments ever and I have also noticed that a lot of people even prefer to invest in gold because they know that it will continue to appreciate

 

[relcap23]

I also see it as an investment because the price will increase after years but the disadvantages that they will release new designs of watches and people may not like the old one that you have bought

Some designs may look old fashioned and will no longer appeal to the market. Moneyed people will buy the latest designs.

 

[Passiveearner]

Some designs may look old fashioned and will no longer appeal to the market. Moneyed people will buy the latest designs.

The designs of the watch might be old. However, there are still many people who would prefer to purchase such kind of watches, especially if they are made of gold or silver.

 

[relcap23]

The designs of the watch might be old. However, there are still many people who would prefer to purchase such kind of watches, especially if they are made of gold or silver.

That's true, but expensive watches are made of real gold and silver.

 

[Yohanna]

I have seen a friend invest in luxury watches and he make cool amount of income from it.

 

[Etini Willie]

These kind of luxury items always have a value that continually appreciates with time and that is tr reason why people hold them..

 

[Passiveearner]

That's true, but expensive watches are made of real gold and silver.

Yes, there are so many expensive watches that are made of pure gold and there are many women who wear them. People could also wear watches made of silver as well.