“History has shown that luxury watches hold more value than mere attractiveness and style. While some watches have outperformed real estate, gold and certain forms of stocks, like every investment, the watch for investment purposes One should do one’s due diligence when buying,” says Christian Emile (IG: @genevasealed) – Partner at Haute Luxury Watches. Thinking wisely gives an opportunity of happiness along with economic benefits. Unlike many other investments, a watch can be physically worn and provide daily use. Emotionally, they hold the heritage, memories, experiences and history of the wearer. One of Patek Philippe’s sayings is: “You never really own a luxury watch. You only care for it for the next generation. In that context, luxury watches serve as symbols for their owners. Once the owner has left, they continue telling their stories.
But buying watches is more than just making a quick buck. Where Christian believes many “watch investors” go wrong is not buying a watch they really like or with the intent of flipping short term.
There are many considerations like brand, model and history involved in making an intelligent decision by consulting, research or even by promotion and likeness. Rolex is widely known, a good brand to consider, but not all models match investment-wise. Also with other brand giants like Richard Mille, Patek Philippe and Audemars Piguet.
Position is always a factor. Having the original box and certificate is not essential, but they will provide a competitive resale advantage.
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“I’ve been in this business for the past 7 years, a lot of models will never see the value that I’ve dealt with since I first started,” said Kristian. “Fortunately for me, I started out as an authorized Richard Mille dealer, and even as far as the price of a watch, even on the retail side, we will never see those prices. . I always see old newspaper ads with Patek’s retailing for $5,000 or Rolex’s for $1,000 and I wish I could be in those times. These models will sell in good condition. I once bought one in New York in 2017 One went to auction, and a vintage Rolex from 1968 fetched $17 million. Sure it was an actual watch from Paul Newman’s race car driver, but if you’re telling me that wasn’t an investment, what is? Even today, if that watch were to be sold again, it would break another watch record. It seems like every year there is a new watch record, so watch investing can reach all kinds of heights.
A vintage Audemars Piguet Royal Oak watch fetched over $1 million USD at an auction in May 2022. Additionally, Audemars Piguet saw a nearly 30% increase in revenue last year to US$1.6 billion. As a result of that growth the brand and Patek were on equal footing financially.
While the world was shut down during the pandemic, Christian’s WhatsApp hook was ringing. It seemed that many collectors and legitimate watch buyers didn’t miss a moment, and with factories around the world shuttered, demand for these watches soared, driving the market to an all-time high. Soon, inflation followed the crypto and NFT boom and people who didn’t invest wisely, were tight on cash or did their due diligence flooded the market with their assets, with supply exceeding demand. In the current market, we are seeing stable prices as well as the economy. Manufacturers are raising their retail prices as they combat short supply. Like every financial market, prices tend to correct. Even some watch brands are laying off staff and discontinuing more expensive models and introducing new models in view of the current economic climate. New factors, such as Rolex starting to sell its own vintage watches, will also have an impact on the sales of the watch market. Where they are selling the Ceramic Panda Daytona for $62,000 USD, and the gray market value currently stands at $32,000**, this may be a strategy Rolex uses to drive prices back up in the secondary market.
Some watches, such as limited edition or rare models, are quite popular with collectors, while others can be a total bust on the used market. Like any investment, it is prudent to take time and make sound decisions and we are here to help: @HauteLuxuryWatches
company’s name: Spectacular Luxury Watches / The Vault Miami Beach
contact person: Christian Emil (@genevasealed)
E-mail: send email
City: Miami Beach
Country: United States of america
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