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Watches aren’t good investments as a general rule. New means he’s likely to lose money in the short term. Vintage means the cost of a service every 5 years. If he wears and damages it he’ll lose value. Future prices are highly unpredictable, so there aren’t few guarantees and he could lose quite a lot.
Suggestions:
- Buy a new £2-3k watch that he loves to wear. Speedmaster, railmaster, Tudor, there are plenty of choices. Then invest the remainder in other assets that will appreciate.
- Put a deposit down on a Daytona or a new Rolex SS sports. In the years he’s waiting he’ll work out what he likes and he won’t lose money on the option. Sell it new to someone who doesn’t want to wait.
- Buy 3-5 vintage watches at around the £2-£2.5k mark to distribute risk. Tastes change and this would be a decent future hedge against that.
If he decides on option 3 I can help him out.
- Buy a new £2-3k watch that he loves to wear. Speedmaster, railmaster, Tudor, there are plenty of choices. Then invest the remainder in other assets that will appreciate.
freddo
My brother in law has too much money and wants to spend 5-10k on a watch “as an investment”.
What’s Forum recommendation?
He hasn’t previously been into watches but wants to get something that will at least not lose value.