Things to Lookout for When Buying a Luxury Watch as an Investment
Getting your very first luxury watch is a milestone that is worth celebrating. But, before getting all excited with a potential purchase, you must first research on different watch brands, and contemplate on your preferences.
When it comes to luxury watches, the top names are Patek Philippe, Audemars Piguet and Rolex. This means you can easily spot a seller or buyer dealing with these watch brands. Also, the prices of these timepieces are sure to follow stock market’s direction. There are tons of women’s and men’s watches in Malaysia, but you would want to stick to these names for a safer route. The Ultimate Checklist: Selecting the correct watch
1. The Market trend
What types of watches are most people looking for? You should know that sports stainless steel watch models are more in demand than full gold and yellow ones.
Price is one of the most crucial things to consider for any kind of investment. Familiarize yourself with the current market value. Then, if possible, get. watch at a much lower price.
3. Watch condition
Check if the watch you want to buy has a damaged part. Is it keeping time well? You wouldn’t want to end up with a damaged piece, and spend an expensive amount of money for watch repairs.
Check all the watch inclusions. Will it come with the original box? It must come with accessories and warranty papers upon purchase. Collectors prefer to get timepieces which are accompanied with a full set of papers and boxes. Watches with full sets always come with a higher price.
5. Limited editions
Limited edition watches or those with a short production periods tend to be more expensive since the supply is finite.