Watches are among the most collected items sold each year. This is especially true for fine mechanical watches, which are prized for their quality, design, and condition. Luxury watches have long been considered an investment because they are durable, wearable timepieces that retain their value better than many other types of investments.
Make sure you don't need the winnings right away
However, just because something is an investment doesn't mean it's wise to invest in it. Many people buy expensive watches as status symbols rather than as investments. These people often sell their watches years later at a significant loss when they decide to upgrade to a more modern model. The first thing to consider when buying a mechanical watch is whether or not you plan to keep the watch for more than five years. If you plan to keep it for a long time, it will be worth more money when you get it.
Knowledge of the watch market is necessary
The second thing you should consider is whether you know anything about the current market for fine mechanical watches. This is important because if you want to sell your watch for the highest possible price, you need to know what the current market is for the type of watch you have. There are several sources of information on this topic. One of the best is the book "The Watch Book, Compendium" by Gisbert L. Brunner. Another good source is the 6-times-yearly "Uhren Magazin" from the Ebner Media Group.
Don't get too used to the watch and be ready to sell
The third thing to consider is whether or not you'll become too attached to your watch. You should never become emotionally attached to your investment. If you do, it will be very difficult to make a fair and good profit from selling that item. The right time to sell something is when someone else is willing to pay more for it than you are. If you wait too long, the price will drop because people won't be willing to buy something that's no longer fashionable.
Solid investment watches
Here are a few watches you can check out. They've proven popular for several years, prices have risen at the retail level, and you should get a good price even if you sell your used watch.
- Reverso A by Jaeger-LeCoultre
- Navitimer by Breitling
- Omega Chronograph Seamaster Professional
- Chronoswiss Regulator
Conclusion: Are watches a good investment?
If done correctly, watches are a good investment. But as with any investment, there are certain principles you must follow. The best advice on this topic is to become an informed buyer. This way, you'll make smarter decisions and have a much better chance of making a profit from your investments.
