Two years ago, a certain Bai Dao Rolex watch was sold for about 3.4 million Euros. The same watch, when sold at an auction back in 2002, will only sell for about 180,000 Euros. So, what’s the moral of the story? It means that when you invest your money in the right watch, you could really earn a lot of money later down the road.
But, according to many watch collectors, that is not the proper mindset if you are looking to invest your money in a classic watch. You see, watches do not appreciate in value as cars and properties do. If you are lucky, sure, you can get more than your first watch investment when you are given a couple of years or decades, but that is not always a sure thing.
They advocate that if you are investing in expensive watches, it should be a watch that you actually love wearing. Whether you decide to sell the watch or not is entirely up to you, but it will still be called a worthy investment if you actually enjoy wearing your chosen timepiece.
Looking for men’s watches in Malaysia? Below are some important considerations if you are planning to invest your hard-earned money on a watch.
Think of a Watch as Something that You want to Wear
As a watch enthusiast myself, I never treat them as accessories that should not be worn and should be treated solely as an investment. If I am buying a watch, it is because I actually want to wear them.
This is the most common misconception of people who are looking to invest in a watch. Instead of enjoying what they’ve purchased, they make sure that they do not open the seals of the watch and just wait for a couple of years before the thing appreciates in value. Well, I am here to tell you that that doesn’t always happen.
Are Pre-Owned Watches Always Expensive?
Expensive is a relative term but if you say that you could buy a pre-owned watch that has value for less than $1,000, I’d say yes. You see, not all $1,000 watches are great and there are also $300 watches that are a really good value for money.
Tag Heuer watches are perfect examples of this. Their Formula One Quartz Red Bull Special costs under $1,000 and it is something that you can flaunt and wear proudly every single day. Again, you do not need to spend a lot of money on watches at all!
Should You Invest in Mechanical Watches?
Well, that depends on the watch’s prestige but if we are going to look at historical data, a lot of people actually spend quite a bit of money on mechanical watches. There are two variants of mechanical watches: The Manual Winding and the Automatic, Self-winding watches.
Most of the mechanical watches that you see today are automatic in that you do not have to worry about batteries at all since it will use your kinetic energy (based on your movements) to keep the watch turned on.
A manual mechanism is something that would require you to manually wind the watch for it to work and although it can be quite cumbersome, some people hold more value for such timepieces than their automatic counterparts.