Why Should You Invest Money In Quality Swiss Watches?
29 April 2016
When it comes to quality watches, only the best ones increase in value over time. And as most collectors know, quality Swiss watches are the ‘cream of the crop’. Indeed, Swiss watches are renowned to be the finest luxury watches in the world. In fact, there are minimum standards that are required for a watch to be deemed Swiss made. Moreover, the ‘Swissness’ of a watch is greatly reliant on the brand and its reputation.
ONLY TIME WILL TELL
Generally, an experienced watch collector is more selective with their investment. Most will limit themselves and only buy the more exclusive and expensive pieces. This is because they are usually a better investment. And as most collectors know, regardless of how much a watch costs it generally depreciates in value the moment it leaves the store. However, the secret is in knowing how to select the winning models that will increase in value over time.
BUYING VINTAGE SWISS WATCHES
Swiss watches are most always a good investment. And when investing in a watch, you either buy special pieces, very rare items or vintage. For instance, according to experts, the resale value of vintage watches rapidly increased between 2004 and 2008. It was not unheard of to buy a piece then sell it a month later for a 10% profit. On the other hand, in the summer of 2008 there was a temporary freeze on buying and selling. As well, the prices of some pieces drastically dropped in value.
On a different note, the most expensive traditional wristwatch ever sold at auction was a 1944 Patek Philippe. In 2010, the watch sold for $5.6m.
By and large, vintage as well as modern watches make you feel good about yourself. Although the appeal can vary between collectors, the wearer continuously gets enjoyment from them. And in a sense, a Swiss watch is like a status symbol that is timeless.
BRAND MAKES A DIFFERENCE
When talking about vintage or modern watches, many people think of Rolex. But, what many do not realize is that the company was founded in London in 1905 by Hans Wilsdorf and Alfred Davis. Their objective was to import watches from Switzerland. Before long, the company actually moved to Switzerland to specialize in watchmaking.
Another unparalleled classic is the Patek Philippe Nautilus. First launched in 1976, its authentic design was inspired by the shape of a porthole. The company is in fact renowned for having some of the most expensive watches ever sold.
Today, some of the most sought out pieces that are considered a good investment include quality Swiss watches such as Michel Herbelin, Cover, Adina, Lorus and Seiko.