Let’s get one thing straight – $10,000 is a significant amount of money.
However, unlike other pieces of technology, watches hold their value well over time.
If you invest in the right brand or the right timepiece, you can even expect a return on your investment when you decide to sell it.
If you’re considering spending $10,000 on a watch, you want to make sure it’s worthy of your investment.
We understand that watches as investments have lifetime value, and many people cherish heirloom timepieces from their fathers or grandfathers.
Some watch enthusiasts enjoy buying, selling, and expanding their collections, participating in the global second-hand watch market.
Auction houses like Christie’s and Sotheby’s hold regular auctions dedicated to timepieces, with sales measured in the millions.
Thus, there’s a demand for quality timepieces.
To make an informed decision and select a luxury watch that will hold its value or even increase over time, keep these factors in mind:
1.
Brand matters: Watch houses with lasting reputations attract more buyers and retain their value more.
2.
Expensive doesn’t always mean good: Many watches with high price tags rely on brand recognition or flashy designs instead of quality construction or intricate design.
3.
Do your homework: Check websites like WatchBox, Hodinkee, eBay, or Amazon to stay updated on watch markets and take stock of what appeals to you..
