Watches are among the most collected goods sold each year. This is especially true of fine mechanical watches, which are prized for their quality, design and condition. Luxury watches have long been considered an "investment" because they are a durable, wearable timepiece that retains its value better than many other types of investments.
Make sure you do not need the profit immediately
However, just because something is an investment does not mean that it is wise to invest in it. There are many people who buy expensive watches as status symbols rather than investments. These people often sell their watches years later at a huge 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 intend to keep it for more than five years. If you intend 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 subject. One of the best is the book "The Watch Book, Compendium" by Gisbert L. Brunner. Another good source is the Ebner Media Group's "Uhren Magazin", published 6 times a year.
Do not get too used to the watch and be ready to sell
The third point to consider is whether or not you will get too attached to your watch. You should never get emotionally attached to your investment. If you do, it will be very difficult to make a fair and good profit from selling this item. The right time to sell something is when another party is willing to pay more for it than you are. If you wait too long, the price will go down because people will not be willing to buy something that is out of fashion.
Solid investment watches
Here are a few watches you can look at. They have proven popular for a number of years, prices have gone up at the retail level and you should get a good price even if you sell your used watch.
- Reverso A by Jaeger-LeCoultre
- Breitling Navitimer
- Omega Chronograph Seamaster Professional
- Chronoswiss Regulator
Conclusion: Are watches a good investment?
If you do it right, watches are a good investment. But as with any investment, there are certain principles you must follow. The best advice anyone can give on this subject is to become an informed buyer. That way you will make smarter decisions and have a much better chance of making a profit on your investments.
