Are you planning to buy a luxury watch for investment purpose? Nowadays, high end watches are not just accessories to be worn in board meetings or parties. Branded watches like Rolex are assets that can retain their value over time. They are expected to give you a great return in future. When you decide to buy a high-end timepiece, the first step that you must take is to get a watch appraisal for insurance.
Knowing the best brands that can hold their worth from the investment point of view is crucial. Out of the saturated market, deciding which one to invest your money in, can be overwhelming. To make the decision making easier for you, let’s first understand what impacts the value of a timepiece. Also, if you feel confused, a watch valuer can guide you and an appraisal document prepared by them can help you find the true value of the watch you want to pick.
Prestige Valuations is a company that offers watch appraisal services online. They have experienced and skilled appraisers.
What Factors Impact The Worth of a Timepiece
There are several factors that impact the worth of a luxury watch in the second hand market. A watch’s value retention is influenced by its demand and scarcity equation. It is also impacted by the brand name and craftsmanship.
Scarcity: The rarity factor comes into play with limited edition or discontinued watch models. Due to scarcity, their demand among watch enthusiasts and collectors rises, making their prices to go up.
Craftsmanship: When we talk about the craftsmanship of a high end timepiece, it is a very important factor to decide its value retention. Exquisitely crafted wrist watch, using premium quality materials, diamonds and gems, along with intricate movements is desired by watch collectors and investors alike. Intricacy, innovation and durability are the requirements for more demand and higher value retention of a model.
Brand Reputation: A watch’s value is directly influenced by its brand name. Watch enthusiasts have trust in reputable watchmakers with years of experience in crafting exquisite luxury watches. Elegant designs, innovative technology and attention to detail make a brand desirable and result in enhancing the watch’s value.
Seek help of online watch appraisal services for insurance and rest assured of your selection for investment.
The Best Brands That Retain Their Value Over Time
Established brands that are loved by watch collectors and investors include Rolex, Patek Philippe, Audemars Piguet and more such luxury brands that are known for their high quality.
Rolex Watches
When it comes to luxury timepieces as an investment option, timeless Rolex watches have proved their worth. The heritage, innovation, timeless designs and precision of the Rolex brand make it an investment worthy brand. Over time, the Rolex models appreciate in value, that’s the trust of customers in this exceptional brand. As a status symbol, Rolex watches are known for their impeccable quality and durability. Iconic Rolex watches such as Submariner, Datejust and others are examples of luxury watchmaking that are ideal for long term investment.
Patek Philippe Watches
Patek Philippe is another watch brand loved by collectors and great for investors. It is popular around the world for elegance and exquisite complications. The brand has a great reputation for its excellence in quality. It produces limited edition watches that have become the preferred choice of watch enthusiasts.
With precision and fine detailing, Patek Philippe watches are manufactured with utmost creativity. As a piece of art, each of these timepieces reflect the brand’s heritage and commitment to quality. This is the reason why the value of these luxury horological beauties created by master watchmakers appreciate with time.
Audemars Piguet Watches
Audemars Piguet has gained momentum in the watch market because of its mastery in horological innovations. Aesthetically designed with impressive technicalities, each of the brand’s timepieces is a collector’s choice. Creatively designed these watches hold their value over time and hence one can consider adding this brand in their collection. These stunning watches are crafted with utmost precision and hard work, making the brand gain loyal followers across the globe.
TAG Heuer Watches
A brand that is loved by sports enthusiasts, TAG Heuer watches are known for their high performance. They retain their value in the long run and hence can be added to your collection. This go to brand has gained its reputation for its commitment to precision. This makes it quite popular among athletes. The iconic brand offers stylish watches, such as the Carrera and Formula 1 collection.