Many people buy wrist watches because they want an accessory that can tell time. It is all for convenience, as well as style functions. Very few individuals consider buying a watch an investment. But, do you know that more and more people are investing on watches, alongside stocks and bonds? Several watch collectors and enthusiasts are now going with that trend. The set of standards as to what timepieces are great investments are fluctuating, though. There are tons of common trends, but it’s continuously changing.
1. Price Range
Many timepieces which cost around $4,000 to $9,000 retain its value in the long run. This is great for its investment value. Do you know that very few watches outside that market price keep a consistent re-sale value? The watch brand that really stands out is Patek Philippe, having a much higher entry level bar compared to Rolex.
2. Vintage Watches
Just like any type of object with big long-term investment potentials, iconic and vintage watches always stay true to its value in the investment or resale market. It can also grow over time. But, before shopping for women’s and men’s watches in Malaysia, you should be aware of the risks involved in watch investments. For it to be worth it, you need to choose the right ones.
3. Pop Culture Influence
At present, Rolex is the favorite of many watch collectors. Though, prior to the Rolex brand showing up on mighty James Bond’s wrist, it is nothing more than an ordinary brand. When it comes to Rolex timepieces, only their sports watches, such as the Daytona, Submariner and GMT, stay true to its value as a cool appreciating investment in second-hand markets.
4. Keep it small.
Two brands lead the market when it comes to investment value–Omega and Rolex. Though, Rolex still has a big edge over Omega. The reason behind this is that Rolex knows the importance of keeping their product lines limited. Throughout the decades, Omega has made several timepieces that eventually hurt its investment value.