A watch as an investment

bobmcfc said:
need advice as my son wants to invest in a watch and as I and he know practically nothing about them I thought I'd ask you guys.

He's seen a hublot classic fusion men's watch but it's £7300 and I've never heard of them so I'm trying to put him off. Surely for that price he can get something that is better ? I told him he's need insurance and I think it's expensive to get batteries etc replaced isn't it
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I am quite into watches and have several. If you buy the right Rolex sports model, it will increase in value. Same for Patek Philippe but finding right one like a 5712 will be very hard.

Hublot? He will take a bath on that Classic Fusion and lose about half within a year. It would be a terrible buy.

Rolex Sumariner. That would be the best place to start. There's lots more to it but that watch is money in the bank.
 
Tell him not to do it. If he is buying new, it will be more (generally) than an investment value (if it isn't, the company has underpriced it, which, trust me, never happens), so he will have to wait for a substantial increase in value just to break even and with a Hublot that may never happen. If he wants something as an investment he should buy an old classic mechanical watch at an auction and keep it for a while. At least then he will know he is getting something at its investment value and, after that, more time, should be more money.

Just out of interest, is he planning to wear the watch, or just keep it somewhere safe in its box?
 
The big factor in the value of watches is the value of luxury goods generally. They have been rocketing largely due to the expanding Chinese market. As a result the ticket prices have been rocketing and therefore the value of equivalent older models has followed the new models upward. Will this continue? My guess would be no.
 
s1ty m said:
I am quite into watches and have several. If you buy the right Rolex sports model, it will increase in value. Same for Patek Philippe but finding right one like a 5712 will be very hard.

Hublot? He will take a bath on that Classic Fusion and lose about half within a year. It would be a terrible buy.

Rolex Sumariner. That would be the best place to start. There's lots more to it but that watch is money in the bank.
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Cheers I've told him what you said
 
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