When you are planning to invest money, there are plenty of options to explore. We all know about the stock market, real estate, or buying precious metals. Talking about Rugby, you could even invest in the team of your choice. When you have an eye for quality and trends, you can use it to invest in luxury watches. Here’s what to look out for.
First, you’ll need to know what the market looks like. Just like the stock market, the market for luxury watches has fluctuations. It follows supply and demand. A watch that exists everywhere won’t be worth quite as much as a rare edition.
If you want to buy watches as an investment, you need to consider both the quality of the product and the popularity of the manufacturer. Everybody knows brand names like Rolex and how expensive those luxury timepieces are. They are a symbol of prestige. But even within the Rolex universe, there are vast price differences. You can check the current selling prices at Chrono24. The highest price is a seven-figure digit for a vintage Rolex from the 1940s. That gives you an idea of what to look out for.
The brand name is a big factor. Certain trends have been kept up by the high quality some manufacturers have consistently put out over the years. If you ask, most people will tell you the best watches come from Switzerland. Why? Their watches have high-quality materials, intricate designs, and traditionally the most precise clockwork.
Even if you can’t see the inside or can’t personally tell the difference when using the watch, it can make a difference what kind of clockwork is used. Watches with a 100% mechanical mechanism have a higher value than other options.
If demand is what drives the market, it’s important to look at the edition of a watch. Naturally, you will get much higher prices for limited special editions than you would for regular models. On top of their rarity, those editions typically have especially intricate designs or features that make them a novelty. Luxury watches are collector’s items, that is why people pay a lot of money for rare editions.
Collector’s items are also always tied to their condition. A simple scratch or a missing original piece can easily halve the selling price. In the best case, you buy a watch with its original packaging, guarantee card, and manufacturer’s certificate. Moreover, if you want to guarantee to get the full value of the watch, it’s probably wise to lock it away to make sure it will be in mint condition when you decide to sell it.
There’s a lot of money to be made by selling luxury watches. And many people out there will try to scam you by selling watches with fake parts. Do some research on the seller. You can also have the watch inspected to make sure it’s the real deal. A good seller will have the original packaging and a certificate that states the manufacturer.
Rare vintage luxury watches can have ridiculous jumps in value that leave you with huge profits. But it does take a careful eye and some insight into the watch market to pick the one timepiece that will gain value over time. For risk-takers, it can be a fun investment. Not only will you get a potential profit in the future, but you also get to wear a stylish luxury watch.