A beginner's guide to investing in luxury watches

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When you hear the word 'investment', what comes to mind? We're guessing traditional instruments like stocks, real estate or bonds. But what about luxury watches? Luxury watches are more than just fancy timepieces. They're also specimens of precision and craftsmanship, make beautiful family heirlooms, and can be good investments — if you pick the right ones. To successfully invest in...

for a Royal Oak Rose Gold Diamonds Bracelet Skeleton Dialfor a Cheval Noir Carousel Platinum Limited Edition 20 Pcs 5077P-064Patek Philippe Nautilusfor a 2022 Nautilus 5711/1A-018 Stainless Steel Tiffany & Co Dial Limited 170pcsSource: Prices are for secondhand pieces in very good or mint condition as listed on Chrono24 as of Feb 21, 2023.

The Audemars Piguet Royal Oak comes in a wide range of editions for both ladies and men, and generally has a pretty good record of appreciating in value. One such model is the flagship model Patek Philippe Calatrava, of which there are less than a million in the world. It's got over 90 years of production behind it, so you'll see many vintage editions of these watches being sold on the secondary market. Of all the editions, the Calatrava Ref. 96 is seen as a "holy grail" for collectors as the first Calatrava ever produced.

[embed]https://www.instagram.com/p/Co7rgAYJvoN/?utm_source=ig_embed&ig_rid=4b8739b8-e31f-477f-b925-3e0b9629aade[/embed]The Patek Philippe Nautilus is probably Patek Philippe's most sought after timepiece. In particular, the 5711 has been said to be the most coveted watch in the world. As we saw in the previous section, the Nautilus 57111A's ROI over the past five years was a whopping 788 per cent.

However, Rolex Daytona watches can come with hefty price tags. The two-tone editions tend to be more affordable, while stainless steel editions are probably going to be your best bet for investment. You might think that people would value precious metals more than steel, but market demand has generally always favoured classic stainless steel Rolex models like the 116500LN.

Other watchmakers may make watches that are, functionally, just as good as a Patek Philippe. But if they can't claim the Patek name, they won't see much appreciation in price. At Gassan Watches, which has outlets at the Terminal 1 and 4 transit areas, you'll find watches from Omega, Breitling, Cartier, Longines and more. If you're eyeing a Rolex, head over to Terminal 3 for Gassan Watches' Rolex Boutique.

This is, in fact, the main advantage of buying pre-owned — you can get never-worn watches at a much lower price. You might even be able to save yourself a five figure sum. One way you can chart watch prices is by using online resources such as WatchCharts. However, the basic free version only lets you see up to six months worth of past data and track only five watches.You'll have to pay US$159.99 per year to upgrade to the next tier, which shows you one year of data and lets you track up to 10 watches in your collection.

 

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