Luxury Watches As An Investment
Are you a collector of branded or designer wrist watches? Have you purchased a Rolex, or Patek Philippe watch years ago? If the answer is yes, then maybe you know that watches appreciate value. Its appraisal depends on its brand, features, uniqueness to other watch, current condition and how it was made. If it was produced by one of the top brands then you’ll get the idea of how much will it be. The materials added or used to create it are one reason that can appreciate its value.
Style and craftsmanship is a factor that contributes to its value obviously because who would wear an unpolished watch. Even if you have a little knowledge of watch appreciation, age does matter much on its worth. Vintage cars are expensive. Antique furniture is expensive too but vintage watches can be more expensive compared to them. Just as your local pawn shop about.
A Rolex watch, for example, can increase its value for almost 100% in just a decade. With a valuation increase of 7% per year, in a decade a Rolex watch or a similar premium brand, can net 70% return of investment as long as it is still in mint condition. This is much higher and different than other collectibles. Often, unlike watches, collectibles actually depreciate in value. Cars, for example, through usage depreciate – although premium cars when not used and is well taken care of would not. If you have one now, take good care of it because you can consider it as an investment and sell it at much higher price later.
There are a lot of brands of watches that appreciate in value and are thus, good investment. Watches specifically those made by premium brands in Europe are intricately designed and masterly created from which their value is derived – aside from the material cost. Master clock smiths like Tissot, Rolex, and Patek Philippe for example are normally valued at a good price and are thus very much sought after as collectibles.
Some collectors or even normal workers who have these kinds of watches sell collectibles online. As the value of the watch did not depreciate, or in most cases, actually appreciates, watches sold online can net a higher price than other collectibles. Pawnshops and pawnbrokers frequently advertise online and in other mediums their desire to acquire such items. As such, you can contact local pawnbrokers or even try online pawn shops in order to appraise your own valuable watch or in the event of an emergency, pawn it.
Luxury watches, for these reasons mentioned, are very good investment. Not only are they fashionable and imply class, prestige, and superior taste, but also project suave and style. They are also good investment since their value can be used in the future or in emergency circumstances wherein the owner might need quick cash.
When selecting a watch however, there are several things to consider. Look after, of course, the brand. The brand symbolizes the sophistication and the make of the watch. Watches which are specifically designed often hail from Europe and are backed by decades, if not centuries, of experience in watchmaking and premium design. Although in some cases, newer modern watchmakers and designers have also emerged and have proven to be a good investment. An example of this are the watches produced by Japanese designer Issey Miyake whose modernist minimal design has steadily grown to be accepted and even sought after by many collectors. However, these watches still pale in comparison to the more established brands, that are very much valued in any online pawn shop.
Tissot, who has been making watches since 1853, regularly produce high level watches. Same goes with Rolex, known today as the largest single luxury brand, has been making watches since 1905 and has exerted its dominance as the company to beat when it comes to luxury watches. There are also other brands to look out for, but the aforementioned would sure give you a good investment aside from a very classy fashionable statement.
