Luxury watches are so much more than an elegant aesthetic fashion piece; they are also worthwhile financial investments. In recent times, the number of people investing in buying and selling watches has increased.
There are so many reasons to invest in luxury watches as illustrated by a recent research by Online Casino Betway, needless to say that if you love to celebrate achievements, a watch is an excellent way to do it. A watch could also be a remarkable way to leave a legacy.
In comparison with other types of investments, watches are usually less affected by economic instabilities because people tend to purchase them for sentimental or emotional value. However, there are specific brands that will always appreciate in value.
Top 5 Luxury Watch Brands to Invest In
|Brand||Watch Name||2020 Price (£ approx.)||2020 Price ($ approx.)||2020 Price (€ approx.)|
|Rolex||Rolex Day Date||21812,48||27,800||23900,61|
|Patek Philippe||Perpetual Calendar Chronograph||182032,19||232,000||199458,36|
|Rolex||Rolex Yacht Master||17340,14||22,100||19000,13|
|Patek Philippe||Sky Moon Celestial||22816,01||290,79||25000,21|
|Patek Philippe||First Ladies Chronograph||62612,80||79,800||68606,80|
|Patek Philippe||Grandmaster Chime||24480190,80||31,200 000||26823710,16|
Highest Appreciating Luxury Watches
If you want to invest in watches, you should look for appreciating and not depreciating watches. Let’s take a look at the top 5 appreciating luxury watches.
- Rolex Daytona
This vintage classic was introduced in the 1960s and quickly blew up when a famous actor, Paul Newman, wore one. However, there is quite a long waiting list, so if you come across a Daytona, you should definitely get it.
- Rolex GMT-Master I & GMT-Master II
What makes this watch so unique is its ability to switch between timezones effectively. This unique element was highlighted in its partnership with Pan American Airlines. Rolex is a world-renowned brand, so you’ll always find it at the top.
- Patek Philippe Nautilus
The fact that Patek Philippe makes a small number of exquisite quality watches makes the demand very high. The Nautilus has a unique 42mm case size, which makes it a superior design.
- AudemarsPiguet Royal Oak
This was one of the first stainless steel watch series. It’s also known as “Jumbo” or “Extra-Thin.” The original models have appreciated significantly, but you may need to be patient with other AudemarsPiguet watches.
- Omega Speedmaster Professional
Also known as the “Moonwatch” because Buzz Aldrin and Neil Armstrong wore it. This watch is considered a pretty safe investment because, unlike others which spike, this steadily increases.
Patience is key
Investing in watches is like the aging process for exquisite wine where patience is key. It usually takes a long time for watches to appreciate, but the investment is definitely worth it. A luxury watch can be a strong fashion statement, a loving legacy, a sentimental gift, and a lucrative investment all in one.