Why do people buy watches? Well, for many people, they buy casual watches as a
means to tell the time and that’s pretty much there is to it. However, some watch
enthusiasts would argue that the wearable timepiece is more than just a simple
accessory; it is indeed a worthy investment.
Unlike stocks and bonds that you are sure that will appreciate in value over time, many
people do not deem watches to hold the same degree. Sure enough, there are only a
couple of passionate collectors that will always say otherwise, but the vast majority of
people say that it is just a simple accessory that tells the time.
But, after reading this article, I might shed some light on the matter and you might see
these rather ‘simple’ timepieces to be worthy investments instead of something as
simple as a thing that tells time.
How Watches Became Popular
Pop culture has indeed influenced the minds of many, especially when it comes to
wristwatches. Prominent figures such as James Bond, for example, have worn such
amazing timepieces back in the day.
Rolex is one of the most popular brands ever since James Bond wore them in some
movies. But before that happened, Rolex was just another brand in a sea of many
Since then, people grew fonder of watches and some have especially focused their
attention on the mechanisms that are built into the watch; how they tick, their types, and
so much more.
Even though it was popularized by pop culture, only Rolex and Omega hold so much
value on the second-hand market, at least, for quite some time before others chimed in.
As mentioned earlier, Rolex and Omega have made their mark in the watch industry,
but the former company actually holds an edge over the latter.
The reason why Rolex is more popular than Omega (aside from it being worn by one of
the most prominent figures in pop culture history), Rolex creates a limited lineup of
watches that makes them more appealing to people due to its rarity.
Economists would say that it doesn’t matter if the watch that you produce is expensive,
so long as it doesn’t stay long in the market, people would always but them because of
All of the luxury watches or those that are priced higher than $2,000 typically hold their
value for a pretty long time. In fact, there are brands that have a pretty huge resale
value if you hold on to them for a couple of decades.
One of the most prominent brands in existence is Patek Philippe watches. They hold
incredible value even if the watch is pretty old. In fact, there is one that was sold for
more than $40,000 on the used market!
Watches that are considered vintage and iconic can also hold up its value for a very
long time. In fact, its value may rise exponentially, but do not expect all of these
watches to have the same value to that of other brands.
So, are watches a good investment? Well, it depends. If you are buying luxury watches,
for sure, they are a good investment because they are made in such a way that it will
last for a very long time.