Luxury Watches as an Investment: Should You Invest in Wrist Watches?

wristwatches as investmentDuring this economic turmoil the luxury watch industry took a serious dive. Luxuries such as the acquisition of high-priced timepieces is usually one of the first things to go throughout rough economical periods. The Swiss watch industry is especially hypersensitive to financial depressions, and seeks to aim where new cash is. This is due to the fact high-end designer watches in most cases are a poor financial investment decision. You should certainly buy them mainly because you love watches, since they are stunning, and for the reason that you want them for your wardrobe. Not because you believe they will maintain or raise in price.

The concept that you’ll purchase a wristwatch and hold out until it raises in price doesn’t have great sense. Plus, in the past it doesn’t happen frequently even with incredibly rare timepieces. Needless to say this will not be the generally..

The two main “exclusions to the rule,” Rolex and Patek Philippe. For whichever reason these two strong manufacturers happen to be able to assert at least solid “value retention” for their merchandise. This signifies that if you purchase a new Rolex or Patek Philippe watch nowadays, probabilities are you will not lose much or any funds if you sell it a couple of years from today. There is a balanced auction market for classic Rolex and Patek Philippe watches. A few exceptional historic models do bring very high prices at auction, but non-e of these pieces anyone has obtained new recently. If you were are able to purchase a very specific or hard to find model today, your kids or grandchildren might have an opportunity of getting a healthy income at auction in the faraway future. However, Rolex and Patek Philippe are incredibly extraordinary brand names do have good results at auction because they have persistently continued quality companies for so long. If you look carefully at watch sales, you’ll also discover that most of the high yield items are just re-circulated lots that turn up in auctions each couple of years.

The bulk of other wrist watch manufacturers lose a lot of price right after acquisition. This indicates that individuals who buy new timepieces and choose to resell them even right after purchasing are confronted with the scenario that they are not able to sell them at rates at all close to retail price. This reality alone is most likely a major cause of watch sector problems throughout poor financial times. Picture you are someone that bought a large amount of watches when funds was good. If your monetary prospect sours, you are probably going to attempt and sell off possessions such as designer watches. Confronted with a truth that you are unable to recoup much of your investment capital, you are likely to cease buying as much wrist watches.

Why does indeed this take place? An easy response is that watch rates are too high. It is difficult to talk about the issue of “too high” when talking about luxury items acquired for reputation and emotional motives. On the other hand it’s tough to talk about price compared to value when it comes to contemplating about timepieces from investment standpoint. Diamond jewelry and precious metal for instance have rising and falling prices set by the current market. If you buy gold or diamonds you realize that the cost of investment is more or less the value of sale. This is not the case with wristwatches. Wristwatch price is totally manipulated by desirability and exclusivity, not the value that manufacturers put on price tags.

As a wristwatch enthusiast I am not at all advising you stay away from buying wrist watches. Rather reverse, I want individuals to acquire and take pleasure in wrist watches with the same passion that I have got. I simply want folks to have more correct anticipation when talking about the value. Purchase a designer watch mainly because you are drawn to it for an aesthetic, practical, or traditional reason. Quite simply, buy a good wrist watch for an emotive reason. If your intention is getting as much value preservation from your purchase as achievable, here are a few suggestions. First of all, go with timepieces from manufacturers that a lot of people recognize. Wide brand recognition tends to really enhance resale interest. Following that, get a wrist watch with regulated circulation and consistent rates. If the cost of a wrist watch you are attracted is two-fold in a store what it is on the web, then it probably suffering from weak distribution and has well than constant pricing. The more constant a selling price is all round, the more dependable and high the second-hand value will be. Last, go with well-known products that have already been around for a very long time. Manufacturers like Rolex and Cartier have been marketing versions of in essence the same watch families for generations. These merchandise families have the advantage of years of demand from customers, and generally take advantage in much better second-hand prices.

The New IWC Pilot Watch Collection

IWC Top Gun Miramar
IWC Top Gun Miramar

It has become known for some time that this year IWC will reveal a new selection of Pilot watches. As the Pilot series of IWC is a famous and hard seller, the anticipation are high. One unit has been launched by now:

On January 16th, 2014 the 23th version of the Salon International de la Haute Horlogerie (SIHH) will commence once again, where 19 manufacturers will be showing their new wonderful watch choices. And, IWC just introduced the pictures of the Pilot’s Watch Chronograph Top Gun Miramar, branded after the former area of the US Navy Fighter Weapons School (which is also known as TOP GUN).

The 48 mm case is darkish grey ceramic – in the pictures it appears to have a glossy surface finish – with a dial that has artificial patina and a green nylon band. Inside is the IWC cal. 89365 flyback movements, much like that in the Portuguese Chronograph Yacht Club.
Alongside the timepiece, the Top Gun Miramar range will also have a 48 mm Big Pilot with a comparable style.

IWC Pilot Chronograph Top Gun Miramar Backsid
IWC Pilot Chronograph Top Gun Miramar Backsid

The news release also implies that we can anticipate the following goodies:

– an brand-new Big Pilot’s Watch Top Gun Miramar with identical style components as the Chronograph Top Gun Miramar and the exact same movement as the regular Big Pilot’s Watch;

– a first for the standard series: new Big Pilot’s Watch Perpetual Calendar Top Gun witha continuous calendar with its four-digit year screen, moon phase display screen and 7day power reserve;

– What everybody predicted: the dimension of the normal Pilot’s Watch Chronograph increase with 1 mm, now 43 mm in size.

– A reasonable move in the follow up: the release of the new Pilot Watch Mark XVII with a size of 41 mm (2 mm bigger than the earlier Mark XVI).

– The gold chrono is back again: the Spitfire Chronograph with its IWC-manufactured 89365 calibre will be accessible in red gold.

– A long expected version: new Pilot’s Watch World Timer having a 24-hour ring that will make it feasible to look at all 24 timezones. The city ring shows the names of 23 locations around the world, each of which signifies a time-zone. The dial displays local time, which in turn can be modified ahead or in reverse in one-hour steps – also when traversing the International Date Line.

– A brand-new 46mm Pilot’s Watch Double Chronograph with red design components on the dial.
As the purchasing lists have been long for more than a few years currently for new IWC timepieces, make certain to pre-order yours at your localized Authorised Dealers:

The Americas: IWC Schaffhausen Boutique Brighton Beach at phone number: +13107340520.

Latin America: Berger Joyeros at phone number: +525556161594.

Europe: Ace Jewelers at phone number: +31205711560.

Middle-East: IWC Schaffhausen Boutique Istanbul at phone number: +90 212 224 4604.

Asia: IWC Schaffhausen Flagship Boutique Hong Kong at phone number: +85228292729.

Australia: Watches of Switzerland at phone number: +61 2 9251 0088.

Stay tuned for more timepieces here that will follow!