Many people continue to believe that investing in watches is not only very lucrative but more of a waste of money than anything else. However, these people don’t really know about the laws of demand and supply that govern the expensive watch market. Here it is pertinent to note that whenever an item is rare or limited, it will automatically increase in value because there are few pieces circulating in stock and many people want the same. This automatically leads to a sharp rise in prices over the period of time, as the item becomes increasingly rare.
- Diamonds and watches
Let’s use diamonds as an example to illustrate this particular phenomenon. It’s no great secret that the South African company De Beers controls diamond supply, which means that their product is not only rare but also difficult to find. They control the rates and they also control the number of diamonds available in the market. This is what makes diamonds so incredibly expensive. Their sheer rarity makes people crave diamonds for themselves and their loved ones, even though they cost the proverbial arm and a leg. Moreover, diamonds don’t lose their value from the first purchaser to the second to the third one. In fact, many of them are very old. Much the same applies to the investment category of wristwatches, especially those that come with their original parts, packing, and accessories intact.
- Watches are excellent collectors’ items
Luxury collector watches are one of the best forms of investment you can get. However, it would be a mistake to believe that only top luxury brands are sound investments. Ultimately, any watch you love and wear can become a good investment. You can use both high-end and value-for-money watches as investment items.
- Get a Formex watch
This is arguably one of the very best watch companies to invest in, especially when it comes to highly original and high-quality watches. As a matter of fact, Formex Watches are justly renowned the world over for their commitment to quality and the fact that their value tends to appreciate over time. These Swiss watches are widely considered to be the pan-ultimate example of beauty, craftsmanship, and grace. Many such watches come suitably well equipped with a cutting-edge suspension system. It can easily absorb all kinds of harsh treatment without damaging the watch. This is why Formex watches have such excellent resale and investment value.
- It is a highly profitable hobby
Collecting and investing in watches is a highly profitable hobby. One that will be sure to give you rich dividends in both the short as well as the long terms. A highly sought-after collectible that has not been in production for a long time can easily go for a very high amount. In fact, as high as 400 hundred percent of its original value! And this is after you have worn and enjoyed it for a year or two. This way, you can enjoy the best of both worlds. Not only will you be able to wear the watch you like, but also sell it at an excellent premium for a much higher price. You can subsequently buy another watch with this amount and so repeat the cycle.
- A valuable nest egg
Some of the handcrafted Swiss watches can take almost a year to make and they are extremely valuable. They use only the best materials. In fact, the most expensive ones can take anywhere from seven to nine years to complete. And that is for just one watch! If you have managed to get hold of one of those, you have a nest egg that might take care of your whole family for many years to come.
Investments in high-end Swiss watches are some of the most lucrative and rewarding ventures possible. Purchasing a top-end Swiss timepiece such as a Formax watch can go a long way in securing your future. Especially if you purchase many such watches and keep them with you. In time you will be able to resell them at a much higher rate than you purchased them. Investing in watches can also help you to create a really neat nest egg for you and your family that will come in good stead on a rainy day.