Hank Scorpio
Striker
I think the investment thing is a bit of a red herring to justify the expenditure. Lots of luxury watches hold or increase in value over time but for many people that’s not even close to the prime motivation to splash out for one. The benefits are that if you’re in a bind you can make a small profit or if you like flipping them you can buy and sell and if you’re careful you won’t be get stung. But there are much more secure and profitable ways to invest, the problem is you only own piece of paper not a precisely engineered tasty bit of kit.
I need to get round to making a will. My wife wears an Apple Watch and I have one daughter. I’d like it if she shows an interest and if she likes the idea of wearing her dad’s watch one day (maybe the WAG Daytona) I’d like that. The others can be sold off or I might leave them to my brothers / mates. I’m not looking to cash out on them!
You need to know what you are doing though mate as lots of high end watches will lose value pretty quickly. I know lads that have lashed out on watches without any research and have bought duds.
Cheers for the replies. I can understand that some models will be demand outstripping supply for the reasons you mention above but I was slightly baffled why certain models being regularly mentioned (even just on here) would gain in value when it looks like they're easy enough to get hold of. It does seem to buck the trend for depreciation in luxury items (although jewellery might also be an exception). I suppose by constantly bring out limited runs then it becomes a sort of 'bubble' where things become 'must have' just because (something the record industry clicked on to and then overdid).
Interesting stuff.
The vast majority of luxury watches will lose value mate, but compared to other purchases, they should still get a decent return.
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