"Watches are better than stocks"
Does the statement sound too bold? Or maybe, too speculative?
Investing in luxury watches may seem unorthodox for some people. However, savvy watch investors will know how luxury timepieces can give the best profit, especially compared to the usual stocks. This article explains why you should consider investing in watches and the right way to do it.
Are Watches a Good Investment?
In principle, the basic 'ingredients' of investing are that it takes a decent amount of knowledge, patience, and prediction. Just like how it works in any other instrument, it also works on luxury watches investment. So, it is hard to say that luxury watches investment is the best among many.
But, if you are already a watch enthusiast, predicting which timepiece will increase in value may not be complicated. And even though you are not, just know that investing in luxury watches is relatively easy. You may need a little more time to understand how the market works, but it's not that complicated.
In fact, the average value of watches can increase up to threefold the moment they get out of the store. It's a common phenomenon in the industry, especially for the most sough-out pieces such as Rolex. The dynamic is easy to predict, even for rookies.
Moreover, the art of watchmaking is not something to be side-eyed upon. It's because of its complexity and rich history that makes luxury watches an item with high emotional value. It symbolizes wealth and is a great way to escalate your personal branding.
Stock vs Watches: A Comparison
So, which one should you invest on, stocks or watches? The answer depends on your investing goals, but here are some points to consider.
Firstly, investing in luxury watches gives a different feeling than investing in stocks. After all, watches are:
- Something physical.
- Something you can hold on to.
- Something you have complete control of.
It produces less speculation, especially if you're too busy or too confused to read the stock chart.
Secondly, and probably most importantly, is the fact that watches are relatively easier to be cashed out compared to stocks. There is always a place to sell your possessions, be it a direct buyer or a trusted consignment. After a bad bet, luxury watches can be sold immediately and safely.
Investing is best to put your eggs in as many baskets as possible. But, in case of a bad economy or low rates, luxury watches can be your safety net. It is a good choice of investment, especially in the long term.
How to Invest in Luxury Watches
How do you start investing in luxury watches? The most important thing is to know where to get the original ones. Although there are methods to spot counterfeits, most of the time, only trained eyes can see the differences.
For example, one of the best Rolex for investment is Rolex Daytona, and it's automatically popular for watch connoisseurs. However, its counterfeit is hard to spot since it intricately replicates most of the watch's components. Some of its fake even uses pricey materials, making them harder to cast aside.
So, it's important to choose a reliable watch seller and trusted watch consignment who is an expert in the industry. Otherwise, it will risk you millions, even billions, especially if you aim for lavish pieces such as Patek Philippe's watches.
Here in IDWX, we guarantee original timepieces only. Every watch in our catalog is carefully curated, whether it's in mint condition or a pre-owned section. We also provide consignment service if you want to sell your watch, ensuring that you will have a quick buyer and safe transaction.
We also make sure that your investing experience goes smoothly with effortless steps. Simply contact us or visit our store in Blok M Plaza Mall & Artha Gading Mall, Jakarta, should you have any questions.