A lot of people would tell you that you should start putting your money in worthy investments. Now, you might think of ‘worthy investments’ as properties, stocks, cars,
and bonds and you are actually not wrong with that notion.
But, this article focus on traditional watches that will become vintage timepieces over the years. You see, unlike the investments that I’ve said earlier, watches rarely appreciate in value the way those investments do.
However, because you can wear watches pretty much anytime you want, they are still considered worthy investments even if you do not have any intention of selling them.
Provided that you have some money to spare, you might be thinking of buying a luxury watch as an investment. Here are some things that you need to look for if you are planning to do so.
The first thing that you need to do would be to educate yourself on the things that make watches more appealing. This is so that you will know the vast terminologies being thrown around and so that you will not look like a complete chump when you are talking to a seller regarding luxury watches.
Thankfully, there are a lot of resources that you can find on the internet that will help you, so do invest the time to learn more about the mechanisms and the intricacies of watchmaking.
There are so many prominent brands out there, but if you are looking for watches that you can sell in the future that will surely appreciate in value, focus on brands such as
Rolex, Patek Philippe and Audemars Piguet. Just keep in mind that they are pricey watches, in general, but I believe that with its craftsmanship, you can never go wrong with any of the aforementioned brands.
Of course, the price of the watch is always a major consideration. Now remember, you are buying a luxury watch because it will appreciate in value but you also have to remember that not all of them do appreciate more than your initial investment.
If anything, go for luxury watches that you really love to wear, wear them, and then sell them for profit a decade later or so. Luxury watches typically sell for $1,000, but you can
find fantastic deals online. You just have to be vigilant and patient until you can get a really good deal.
Ideally, you want to buy a brand new watch so that you can still wear it as its value appreciates a couple of years or decades after. But, if you can find a really good
secondhand watch, then go for it. Just make sure that you inspect its working condition and see if it is worthy of your money.
Full Box Set
If you are buying a secondhand watch, as the seller if he sells it as a complete set or just the watch itself. A full box set consists of the watch, its warranties, accessories, papers, and anything that is associated with the watch upon initial purchase.
Although a lot of collectors do not need any of these things, they are nice to have, especially if you want peace of mind.