Any smart person knows that it helps to own a diversified investment portfolio. This minimizes the risks that come with owning one type of asset and also reduces the volatility of the portfolio. To a lot of people, the first things that come to mind when they hear the word investment are popular assets like property, stock, bonds, and cash. However, in the world of collecting luxury watches, the word investment means more than that.
Luxury watches that are worth eye-watering money today
Are you looking to buy a watch that not only looks great but also has great investment potential? Then you have to be willing to dig a little deeper into your pockets and get something that will also rise in value in the future.
Here are the most expensive watches of all time starting from the most expensive:
- Patek Philippe Grandmaster Chime Ref. 6300A -$23,722,177
- Rolex Paul Newman Daytona Ref. 6239 -$13,497,691
- Patek Philippe Stainless Steel Ref. 1518 -$8,448,760
- Patek Philippe Gobbi Milan “Heures Universelles” Ref. 2523 -$6,849,669
- Patek Philippe Stainless Steel Ref. 5016A-010 -$5,550,381
- Patek Philippe Titanium Ref. 5208-010 -$4,853,249
- Rolex Daytona Unicorn Ref. 6265 -$4,513,985
- Patek Philippe Gold Chronograph Ref. 1527 -$4,340,615
- Rolex Bao Dai Ref. 6062 -$3,965,574
- Patek Philippe Stainless Steel Ref.130 -$3,627,959
Best luxury watch to invest in
The prices for in-demand classics such as Rolex, Patek Philippe, and Omega keep soaring. For some of these brands, the values have doubled to reach eye-watering prices.
Before buying an expensive luxury watch and while in the process of deciding whether or not it’s a good investment, you need to ask yourself a couple of questions:
1. Are luxury watches a good investment?
To decide whether a watch is a good investment or not, check if the prices are soaring. Most of the watches in the list of top ten watches with eye-watering value have seen their prices double over the last couple of years.
This decision is a matter of buying the watch at the right moment and at the right price. There are several watches that give the owner the option of increasing the watch’s value over time. These are the watches that you should keep an eye on.
2. Should you invest in luxury watches?
In any kind of investment, the returns are derived from capital appreciation. You will need to research the watches really well to profit.
Luxury watches are sought-after high-end goods that have been proven to hold their value over time or become even more valuable. They’re usually considered status symbols and this explains why collectors buy and hold onto watches during an economic crisis like the one we’re in right now.
3. What are the risks associated with luxury watches?
Just like any other investment, luxury watches are also subject to trends, market sentiment, as well as supply and demand. If you would like to invest in a watch, you need to be able to anticipate the market tastes
Fakes and replicas are also a huge problem. The only solution for this is buying watches from authorized dealers only.
Generally, a good watch shouldn’t deteriorate much if it’s well maintained. We hope that now you’re more aware of the risks and rewards associated with investing in luxury watches.
It’s worth noting that not every expensive watch is guaranteed to appreciate in value in the future. Only a few of the luxury watches might appreciate in value over time and the high prices are often driven by hype and speculation surrounding various brands. This is referred to as the herd mentality or the bandwagon effect where people buy luxury watches just because others are buying them.