Investing in a luxury watch remains a controversial topic among collectors, enthusiasts, and everyone in between. There will always be a discussion as to why luxury watches are more valuable than other watches and why it is a must-have if you are looking to make a great investment.
A luxury watch appreciates in value over time and it also is an excellent choice if you are looking to pass it to another generation as an heirloom. While other people see spending thousands of dollars for a timepiece as an impractical choice, it really isn’t. Why? Because luxury watches hold strong financial returns.
Despite being a great investment choice, luxe watches are also a form of expression of your style, status, and achievements.
Here are the things to consider when buying a luxury watch as an investment.
Determine the viability of the timepiece.
Just like in stocks and other investments, it is crucial that you look for a luxe watch that only has a limited edition. You will never be at loss here. The scarcity or the limited availability of a timepiece model dictates its viability. Enjoyment of ownership aside, you are guaranteed an asset.
Many high-end or limited edition watches can be sold for an even higher price some years later.
Examine the condition.
Some collectors and buyers look for pre-loved or second-hand luxury watches because they can get them at a lower price. Some prefer to collect vintage watches and it is only logical to look for used ones in this situation. However, you have to consider the condition of the timepiece. However rare the item is, if it is beyond repair or has significant damage, it is just going to be a liability on your end.
It is always better to buy brand-new pieces. You also have access to the brand’s services that you can benefit from for a long time. Buying new ones straight from the brand seller will never put you in any jeopardy such as buying fake ones.
Be smart and always be vigilant when it comes to the condition of the timepiece whether it is new or used.
Quality and Longevity
A luxury watch is crafted with exquisite workmanship by artisans and undergoes a multitude of quality control tests. Look for quality designs that can withstand the test of time. A high-quality watch translates into higher value.
Consider your activities.
Whether it is your first luxury watch or your third, always consider where you are wearing the item. Are you buying it for a specific occasion or purpose? Most luxury watches that are considered investments often just sit inside a box in the closet for preservation. However, it can still be used for special events.
It is also important to consider the features of the watch, the genres, and the complications available. Take into account as well the movement types.
Doing so will give you an idea of where to use the watch. For example, you are usually on vacation or always on a plane flight for business ventures. Then, you need a chronograph watch. This Men’s Multifunction Waterproof Luminous Chronograph Watch is an ideal companion for these kinds of activities. It offers a clean look with a multitude of special features.
If you are often into business meetings or have a home-office routine, you can get yourself a dress watch like this Men’s Limited Edition Ultra Thin Leather Quartz Watch.
Do your research and do not hesitate to ask questions.
When hunting for luxury watches, you have to be very particular and must not fall short on questions. The more you ask, the more you will know. If you do your research before going to the shop or buying online, you will have more knowledge about the watch you are eyeing.
What is the caliber of the watch? How many jewels are incorporated into the timepiece? When was the watch released? What are some feasible alternatives? How much does the service cost? Is there a warranty? What is the approximate resale value of the piece?
Challenge the seller. Let them know that you have knowledge about the piece by asking the right questions. If they can answer everything and they know exactly what they are talking about, you can feel at ease that they are legit. If not, wrap it up and walk away. Look for another shop to talk to.
Doing your research and asking the right questions are two crucial things you need to have to be able to select the right luxury piece.