In today’s financial climate, it has become more and more appealing to put some money aside in the form of a long-term investment. Some people go big by investing in real estate or gold, some play it safe by investing in mutual funds or bonds. One of the best ways to invest is by choosing something that has meaning.
The beauty of investing in certain items, like watches, is that you always have a chance of snagging a purchaser one day who has a great personal interest in the item. Unlike purchasing an item like a CD, where you know exactly how much money it will one day be worth, a watch can surprise you by how much it can be worth. Do it right, and you may be very surprised by how much you are able to return.
If you are ready to engage in the ultimate luxury investing, there are a few things to keep in mind. Fine timepiece investment is choosing a watch that will either retain its value or have a value that grows over the years. One example of this would be the Rolex Daytona. When this model first came out, it grew dusty on store shelves. People just weren’t all that interested. Today, however, there are certain models of this watch that have auctioned in the million-dollar range. Don’t believe us? Look up the Rolex Daytona 6239 or 6263 to get an idea. But how can you be sure that the watch you choose will be one that appreciates over time? The truth is, there is no way to guarantee a large return on investment, or else everybody would be doing it. But there are a few things that you can keep in mind as you consider investing in fine timepieces. In this article we will show you the best watch options to buy as an investment.
Top Tips for Investing in Watches
Follow Your Passion
Don’t solely consider a watch that may interest other people. The fact that a certain watch is drawing your eye or is appealing to you may be the exact reason that others become willing to pay so much for it in the future. Watches are an item that speaks to the wearer. This also acts as a way to hedge your bets- worst-case scenario, if no one ever does become interested in buying it from you, you have a piece that you genuinely enjoy and may not have wanted to part with anyways.
Always Be Informed
The first rule of investing is to always be informed. Don’t try to be a jack of all trades here- it is better to really hone your knowledge on one brand or general type, that way you can truly grow into an expert. The meticulous gathering of small details may make the difference between choosing an item that is sure to appreciate and choosing one that stagnates.
Obviously, you’re looking for an item that draws great demand, because that’s where the big bucks are! Track a timeline of demand over the years, how well established the brand is, and how other variations have held their value over the years. Highly prestigious brands such as Patek Philippe and Rolex are among the safest of bets, as they have historically done very well as investments.
Search out the Unique
One way to boost your ROI is to search out a timepiece with an interesting backstory, a dial that is unique or that stands out in some way. Watches that had limited runs or a special addition for some kind of event can really grab the attention of future investors. Limited edition watches typically do well and can even yield short-term profits. It is important to buy a watch that stands out if you are looking to purchase as an investment.
Mechanical versus Quartz
One fact to keep in mind is that almost always, mechanical watches make better investments than quartz watches. This is not necessarily a rule, as some quartz watches have increased over time, but these are typically fairly rare occurrences. The safest bet is to stick to mechanical watches when looking to invest in a fine timepiece.
Great Watches to Consider Investing in Now
Invicta Men’s Disney Limited Edition
This limited release with its silicone strap features the one and only Mickey Mouse. Disney is one of those subjects that can always draw investors. Beloved by so many, timeless, and with a long and proven history of remaining popular, this watch checks many boxes for being a solid investment: it is a limited release, it has a popular subject, and features a timeless design. With Disney being a billion dollar company, purchasing a Disney themed watch can be a great buy option for an investment.
Man of Steel Limited Edition Collector’s Watch
What’s a subject more beloved than Disney? Is it even possible? If it is, then Superman is one of the only contenders. This imported timepiece was limited to only 300 pieces, a huge bonus for investors. Yellow accents, blue casing, and a full-color Superman logo combine to make this piece absolutely stunning.
Stuhrling Original Men’s Watch
With a calfskin leather strap, this analog watch has a minimalist design and easy functionality. Its leather crafting and sleek design make this one option to consider when investing in watches.
Tissot Quartz Chronograph
Tissot is one of the top names in watch crafting. This watch has a stainless steel case paired with a black leather strap with tachymeter markings shown by a fixed black ceramic bezel. Swiss-made watches are always a solid investment choice, and they are known to last.
Victorinox Swiss Army Men’s Original
For the unique element, consider the black canvas watch made by the company that produces the world popular Swiss Army Knife. This may lend it an extra element of appeal to lovers of the brand and those looking for a name synonymous with strength, durability, and reliability.
No matter which watch you choose, as long as you stick to the basics: following your passion, staying informed, and considering demand, you have a good chance on a solid return on investment. Investing can be a lot of fun when done correctly and can be a great way to stay informed on ups and downs in sales over the years. As long as you do the research and choose a solid option, you can definitely buy a watch that can serve as a great investment. Sometimes the best investment can be in yourself. Make sure to choose a watch that you are happy with as well.