How to Buy an Investment Watch
Familiarize yourself with different types of watches, and which of those you want to focus on. Attending auctions is also helpful. Many of these events focus on contemporary watches, but it’s also true that tastes of people have changed, and that we now know that vintage watches are more collectible.
2. Control your spending.
In order to lessen the risk, limit 5% to 10% of your investment funds to purchasing watches. There are plenty of women’s and men’s watches in Malaysia you can invest in, but it’s crucial to control your spending. Do comprehensive research first before making final decisions.
3. Choose a brand.
For many watch collectors and professionals, Rolex and Patek Philippe are two popular brands that stand out in terms of investments. Buying timepieces from them is like purchasing stocks in Microsoft or Apple.
4. Find something unique.
When it comes to buying investment watches, you need to look for limited edition pieces or those with special designs. Passion, dedication, research and liking the brand are crucial to finding the right watches to invest in.
5. Don’t settle for a quartz watch.
Mechanical watches are more valued in the industry because of their in-house, distinct movements. It is worth your investment.
6. Develop a vast network in the industry.
Having the right contacts can help you cut the queue, and purchase a timepiece at a much lower price. If you know a reputable watch collector, you can buy the watch directly from him, instead of purchasing it through an auction house.
7. If you are selling watches, be patient.
Sometimes, you need to accept the fact that it won’t sell. Enjoy buying luxury watches and wearing them, with the understanding that getting an immediate return of investment is not really guaranteed.