How to pick your first really expensive watch
- Watch collecting might be one of the most expensive hobbies in the world but it is most likely also one of the most rewarding. Being in the industry for more than 20 years now I have observed that prices for precious timepieces are going up and the peak is still far away
- Watch auctioneers like Christies and Antiquorum have shown that more and more buyers are putting big money into the ticking gems, especially into vintage pieces
- It is important to understand that not every expensive watch increases in value. It makes a difference if a watch is expensive because it is manufactured in a precious material with a diamond setting or because of the craftsmanship of the movement, a few more points to consider are brand, model, provenance and history
- When planning to buy a proper watch it is good to set a budget since the range for luxury watches is wide, pieces start from USD 10,000 and can go up to millions for Grande Complications
- Make up your mind what kind of watch you want to buy, an elegant dress watch, a sports watch, a piece you want to store in the safe or wear on the wrist
- When spending serious money make sure you buy a watch with a good re-sell value, brands which have been around for a while, e.g. Patek Philippe, Rolex, AudemarsPiguet, Jaeger LeCoultre, A.Lange&Söhne..
- Not all models of these brands are interesting, take your time to select the right piece since you want to enjoy your investment on your wrist
- For example, iconic watches like the Patek Philippe Nautilus, AudemarsPiguet Royal Oak or Rolex Daytona in steel have been on the market for decades and increased in value over time, so you will be on the safe side.
- If you want to invest your hard earned money in a watch then Vintage is a great option. Especially in Dubai it is difficult to buy something exceptionally special, because a lot of people are able to spend serious cash. If you want to stand out with a watch without missing out on the big brands, even models, then do look at their vintage range. High-end vintage watches are considered as top investments gaining more and more popularity.
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