What are watches that hold their value best?
Do you know that your current watch lose their value, the second you receive it?
It is like a brand new car.
A new car price is $10.000, but when the car arrive or leave the showroom, the value just drop fast.
The new car become a used car.
Watches are like that too.
In one or two years, watches could lose about 50% of its value.
It is sadly true but there are exception.
Many branded luxury watches increases its value as it aged or many watches that hold their value best.
Still, it would be impossible to predict the future of the market.
By looking at the past trend of value, you actually can determine which are those watches that hold their value best.
There are many luxury watches that hold value as they aged, and some that even appreciated.
Here is the list.
This Rolex Datejust 69173 features gold dial, yellow gold bezel and 6.0 inches band. It is in excellent condition with grade rating of 94/100. It is made in 1988.
The price on Amazon is $3,699. On auction with fair condition or lower condition like this one it was sold for $1,960. The reason that the value does not increase is because of the condition of the watch. The better the condition of the watch, the higher the value.
This Chopard G.P.M.H. Power Control Titanium And Steel 168569-3001. It is a self winding Swiss automatic movement. It is built with precision and quality. The glass is made of sapphire crystal dial windows and analog display. It is water resistant to up to 100 meters, good enough for swimming and snorkeling but not good enough for scuba diving. It is 100% new.
The price on Amazon is $4,240. When in auction it was sold for $2,575 with fair condition. Once again, the value of the watch depends on the condition.
A watch that was owned by celebrities would definitely increase it value to the roof. Like the Rolex Daytona 1968 which was owned by the late Paul Newman. It was sold in an auction for $15,500,000 in 2017. The auction and the bidding took only about 12 minutes and it was sold by a bidder on the telephone. In today’s price for this Rolex Daytona on Amazon is $18,310.
Many people have valued and considered this watch as the Holy Grail of all watches and even the greatest watch on the planet.
Paul Newman did not buy this watch. It was given by his wife, Joanne Woodward.
The watch became so appealing to many communities like cars community, celebrities memorabilia collector. The value is very much as high as any watch in the world today and no watch can match until today.
This particular Stainless steel Patek Philippe 1518 was sold in auction for $11,000,000 in 2015. The reason this watch is valued that much is because there is only about four watches left in the world. It was built and made by the beginning in 1941. This Patek Philippe 1518 was the world’s first perpetual calendar chronograph wristwatch produced by any manufacturer.
The reason why this series is so appealing is because it is also owned by monarch member like the former Romanian King, the late Michael I.
A similar watch like he wore above was sold at auction in 2016 for $606,000. The other watch similar but with unusual magnifying crystal fetched was sold at auction for $1,400,000. With that kind of price depending on the condition, buying a Patek Philippe is an investment and can hold its value.
This Omega Planet Ocean watch can hold its value. The retail price on Amazon is listed at $5,849. It was auctioned and sold at $2,917 with a good condition watch.
The watch is made of stainless steel case and stainless steel bracelet. It has a uni-directional (can be rotated) steel bezel (made of stainless steel) with a blue ceramic inlay. It has a blue dial with hour markers (index) and luminous silver-tone hands. There are Arabic numerals mark at the 12, the 6, and the 9 o’clock positions with big minute markers around the outer rim that show 20, 30, 40 and 50 seconds.
There is also date display at the 3 o’clock position. It is powered by automatic movement with a 60-hour power reserve. The glass is made of sapphire crystal which is scratch resistant. The diameter of the case is 43.5 mm and the thickness is 16.04 mm. It is water resistant at 600 meters or about 2000 feet. The style of the watch is a luxury watch.
By wearing this watch you can boost your confidence as well as to tell the precise time with its durability.
The Hublot MDM is an iconix luxury sports watch designed by a well known Hublot brand. Hublot has a history of the first to feature the natural rubber strap. The design has been the inspiration for many watches. This watch would be a dream to many people to wear.
The price on Amazon is $3,190 and was auctioned at the price of 1,620. You can invest your money with this watch and by just keeping it clean and neat, it would increase its price in the future.
This is a man’s watch with 51 mm in diameter made of stainless steel case and with stainless steel band. It features automatic self wind and complication movement.
The price on Amazon is $4,027 and it was auctioned and sold at $1,768 with 264 potential bidder.
The Rolex Submariner is men’s watch, which can be used for divers. The reputation has been unmatched since 1953. It is durable, sporty and versatile to be used in any diving activities. It is a classic design that can be used for daily activity as well as office activities. This include the ceramic insert with platinum-coated numerals in the bezel.
On Amazon it s sold at $6,499 and sold in auction for $4,252
Advice for investing on watches
a. you can not predict the future so in terms of investing in watches, there are risks involved. But there is also rewards when you invest with the right strategy.
b. you can gain only a little value from investing on watches. You can even get losses in the future. In today’s market you can compare best resale value for watches and decide which watches is the most suitable for you.
c. even if you are investing, look for watches that appeal to your sense of style. You will own a beautiful, durable and well made watches. So when the value drops, you still own a stylish and confidence booster watches.
d. buying watches is not like betting on football matches. The reward could be good return. You have to look at the trend, choose carefully, be patient, and have a good plan, this way you can get the maximum return on your investment.
Henry Kaswandi is graduated from University of Indonesia majoring History. After receiving the bachelor degree of History, Henry Kaswandi take the education to the next level by graduating from University of Indonesia majoring Information Technology. On daily basis, he writes article and review the product sold on Amazon. Before this, he was the Head of Information Technology Department at PT Indopoly Swakarsa Industry, Tbk and was the Head of Information Technology at PT Pratama Cipta Inaweb.