Why You Should Invest In Luxury Watches Today
Luxury watches have always been a high-value commodity in the world of investment. The reason is simple – inflation. Every year, the amount of money you have tucked away in your bank account or hidden in that old shoebox under the squeaky floorboard loses to 3-4% of its value. However, high quality timepieces are generally inflation resistant – especially when you add prestigious brands such as Rolex, Cartier, Panerai and TAG Heuer into your investment portfolio.
It definitely gives the phrase “Time Is Money” a whole new meaning.
Investing in a luxury watch is a great investment for those who are looking to build their investment portfolio with something small and manageable. The average high-end timepiece retails for about $3000 to $50,000 and will appreciate over time.
Listed below are more great reasons as to why investing in a luxury timepiece is a smart financial move.
Selling your Luxury Watch
Of course when it comes to investing, the emphasis is on the returns when the time to sell comes. Whether you decide to sell because you want to enjoy your returns or to re-invest into a higher quality timepiece – finding the right buyer is of paramount importance.
The best buyers deal with more than just one commodity. Apart from watches, they may also deal in gold and silver. Such buyers also base their rates on the global market and prices are often updated daily.
To see a clear example of high quality buyers, check out Gold Buyers when you sell luxury watches in Melbourne. Each customer is given full privacy and the process is fully explained and hassle-free. Take note that a good seller will also offer you the best rates.
The best way to ensure that you are, in fact, getting your investment back and even more is to deal with a buyer who pays in cash. Forget cash cheques or cashier’s cheques, bank transfers or notarised cheques. The safest way to go forward is to leave the buyer’s premises with a bare wrist and cash in your pockets.
Another way to pick a good dealer is to find one who deals with other commodities that hold a higher investment potential – like gold, for example. Buyers that promise that you will get cash for gold in Australia are usually able to offer rates that are 2 to 3 times higher than their competitors. Buyers who are able to buy gold in cash will definitely be able to buy a luxury watch in cash as well. This will ensure that the returns you receive are of the highest possible amount.
Ultimately, choosing the right buyer is just as important as choosing the brand name you want. Doing your research will help you find sellers and buyers who not only have reputable names in the business but who also have a working understanding of the watch that you are interested in buying or selling. After all, selling a luxury watch to a buyer who does not understand its true value may result in some unnecessary frustration in your part. If you’re not careful, you may even find yourself walking away with pockets that are not as full as they should be.
Luxury watches are a powerful investment tool. Just like every other investment, minimise the amount of risk involved by finding the right people, companies, brands and authorised dealers to work with.