Let’s get straight to the point and answer the question: YES, a luxury watch is considered a good investment. It’s like other collectibles; you invest in the right item, take care of it, and wait for the value to appreciate.
No wonder why watch collectors take the business seriously because they know how the industry makes money. If you’re planning to invest in luxury watches, there are some things you need to know to make the most out of money-making.
3 Points You Need to Know When Investing in Luxury Watches
1. Do Your Research
Consider luxury watch as any other investment like the stock market. Before investing your money on a luxury watch, you have to research deeper. Know how the industry works, which luxury watch to purchase, and ways to succeed.
Do not make the mistake of joining the bandwagon of buying the most expensive or the popular watch in the market now. It is fundamental to do your homework.
Know how to spot a counterfeit watch, know when to sell, know the right market to sell, and the reasonable price you could sell in. Invest wisely and keep your eye on watches that have the potential to appreciate their value over time.
2. Limited Edition Watches
If you’re thinking of purchasing luxury watches for investment, there are two words that you need to hear: vintage and limited edition. Look for timepieces with a finite supply in the market or are limited edition; there will be a sure market for these items in the future.
No doubt vintage timepieces will always be in demand. The important thing is to make sure that it’s in mint condition and you’re not getting ripped off.
A limited-edition watch is made to commemorate events, and a special edition watch is produced in a limited time; these are the pieces you should look out for. When there’s a limited number of watches sold in the market, other watch aficionados will look search for it too.
3. Fine Jewelry
Watches are made from various metals or precious gems that, when sold by ounce in the market, can increase or decrease value over time. You must study this because wise investors know that the value of gold does not guarantee an increase every year.
In 2012, gold is valued at $2,000 per ounce, in 2017 it was $1,300, by 2019 it’s at $1,400. If you bought your gold watch in 2012, where gold is expensive, and sold it in 2019 when gold is cheap, you might lose money. The same concept applies to diamonds, platinum, or other precious gems. Follow the money, study the trend, and wait for the right time to make a great sale.
We Buy and Sell Luxury Watches at Clark Pawners
When starting your luxury watch collection, you can start with popular brands. Some notables are Patek Philippe, Jaeger-LeCoultre, Rolex, Audemars Piguet, or other luxury brands. Be careful when making a selection because most watches that are collectible are the usual pieces counterfeited.
The second step is to look for a trusted shop where you can buy a legit and reasonably valued luxury watch. We are happy to help you choose luxury watches for men and women to start your collection. In case you want to sell, you can also count on us to give a fair and honest appraisal. Visit us now at Clark Pawners & Jewelers.
