2022 started on a relatively positive note for investors looking for successful investment opportunities. The luxury watch market has surprised them with the most unexpected news that will give them long-term appreciation and great monetary benefits.
The prices for some luxury watches have increased exponentially. This means the owner can now sell luxury watches at an impressively high rate in the secondary market. Also, this is an excellent time for investment as investing in any of those luxury watch models today will fetch them a high resale value in the future. But why?
Let’s find out.
Highlights Of The 2022 Luxury Watch Market
Everyone has been speculating about the reasons that led to the recent increase in the value of certain luxury watches. It is mostly due to three specific reasons:
- Increase in market demand
- Disruption in the Demand & Supply Chain
- Leading manufacturers and other market participants who manipulate the watch market. The list includes the major dealers, auction houses, and others.
As a result of these causes, the demand for the luxury watch brands like Rolex, Patek Philippe, and others is ever rising in the secondary market, where buyers are willing to offer exceptional prices for the watch brands.
Whether it is passion or aggressive interest in an investment or any other factor, complicated timepieces have always made their way into the closet of watch collectors, watch buyers or fans, or the social media show-offs.
However, this craze and popularity are limited to men’s luxury watches in the secondary market.
People refer to the lady’s watches as an accessory rather than robust watch pieces. This attribute makes them non-investment pieces.
Wondering which all luxury watch brands are reigning the scenario?
ROLEX
Surprisingly, the authorised dealer of Rolex witnessed empty display stands as most of the desirable Rolex watches require a large premium or offer a long waiting list. For instance, if you want to buy a Rolex stainless steel sport Explorer, Daytona, Sea Dweller, Submariner, or Air King. It is impossible to get them at once due to their skyrocketing demand, which will not end soon. As a result, the value of Rolex watches is most unlikely to drop anytime soon.
Rolex is a luxury watch brand that has secured its place as one of the leading manufacturers by producing durable, professional, and artistically impressive watches. There’s no creative display of time; instead, the watches are aspirational pieces with tremendous chances of holding value and appreciation.
So, if you happen to purchase a Daytona or Submariner from the pre-owned market, rest assured to sell Rolex watches at unimaginable prices in the future!
PATEK PHILIPPE
Patek Philippe is considered one of the most celebrated luxury watch manufacturers with a massive fan base that includes society’s elites, musicians, actors, and other reputed dignitaries. In recent years, the Patek Philippe watches hold their value very well. And, you will be glad to know that some of the Patek models guarantee future appreciation. The Nautilus and Aquanaut have become the new toys in town that everyone seems obsessed with!
AUDEMARS PIGUET
Audemars Piguet is another powerhouse watch manufacturer that comparatively produces fewer timepieces than Patek and Rolex. The renowned Swiss watch manufacturer is most known for its Royal Oak model, which has always served well to investors in terms of holding value. The Royal Oak and Royal Oak Offshore are the most coveted AP watch models that will continue to appreciate in the years to come.
Also, Audemars Piguet has decided to increase the production count of these watch pieces in 2022. The hopeful collectors are stuck in the queue of long waiting lists and mounting values in the pre-owned market. So, if you get the opportunity to grab one, be sure to take home some eye-popping resale value when you sell the luxury watch in the future.
OMEGA
We all know that Omega is a watch that went to the Moon and held a rich history. And, even though not all Omega timepieces are willing to offer a convincing return, the Speedmaster and Seamaster will fetch you a handsome return value. It is a brand that is worth considering if you’re looking out for an investment watch piece.
If the resale value is your concern, invest in any of the watches named above to get a satisfactory value when you sell Rolex, Sell AP, or the other two brands in the pre-owned market.
Watch Market For The Win!
All-in-all, watches are a good alternative option for investment. You cannot wear your Ferrari, but you can undoubtedly flaunt your Rolex in the boardroom. Also, from the investment perspective, luxury watch brands increase in value due to rising scarcity.
CONCLUSION
Horological instruments reflect the skilled craftsmanship and old-world skills of the manufacturers that greatly influences their value in today’s date.
When thinking of a long-term investment option, investing in a Rolex, Patek Philippe, Omega, or Audemars Piguet can be a smart move in this unprecedented world.
