If that was your strategy, you would have missed out on some of the biggest gains in the vintage watch world. Many watches that are now worth a lot of money, were initially unloved and had no prior "history of retaining value".
Fair point. You can lose big in watches just as people can and have through the market and unfortunately these past few weeks have served as an example of both.
I buy watches because I want them to enjoy so I don't buy for investing purposes, and future value has little to do with my watch choices (it is way down the list of my considerations). I have no idea if my current collection overall has gained or lost - it's simply not important to me.
If the vintage watch market drops in a big way, for me that is nothing more than a potential opportunity to buy watches that are currently out of my reach.
Holy S, I was joking about C24 coming up with charts to track your P&L just like the stock market, but I just checked my account and they actually do it !
Their price tool usually seems to be in the right ballpark, but I wish that sold prices were reflected rather than every asking price. It’s fairly easy for a dealer with large inventory to pump up that tool for a specific watch and then use that tool as evidence to sell at higher prices.
But as @bazamu said, the grey market hype watches will likely fall like a house of cards so hopefully this will give C24 and others time to improve their tools to reflect a more accurate market value of these watches.
I have a spreadsheet where I keep track of what I paid and my current best guess on market value, just to give myself a ballpark sense of where I'm at, so I'm not trying to disparage the idea of tracking value in very basic terms, but there's something about turning it into those charts that crosses the line for me personally. I deleted my watches from their system so that I don't have to be bothered with it.
Nice Tri in your avi by the way 👍
Experienced collectors generally know enough to buy good watches at good prices when they have the opportunity, and their collections probably represent pretty solid assets in the aggregate. .
No one has a crystal ball, so if you are going to really "invest" in watches, you should be doing it with money you can afford to burn...
Haven’t lost any money on all my watches as I haven’t sold them.😉
Buying for investment, flipping for profit is making my bought for fun and enjoyment watches worth more. Carry on people 👍
And all were bought with @MSNWatch s very sage advice below.
https://omegaforums.net/threads/condition-condition-condition-and-other-pieces-of-advice.1716/
Squirrelled away overtime and On Call money as per @Archer s advice.
I just saw this Advertisement of Patek Philippe and it's the first fime I see advertisements putting forward the notion of "Investment" in the Watch Industry, are there other examples out there?
