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Lots of people have done well out of watches but I'm not sure they knew they were going to.
The three questions that determine value / investment status right now are
- how rare is it?
- how good (and original) is the condition?
- is it a Rolex or Patek Philippe?
Not much else fits the bill. The souscription F P Journes were called out by Ben Clymer some years back as being undervalued and they've shot right up, next time he does something like that I'm sure a lot of people will be taking notice.
- how rare is it?
John Mayer had done alright hasn't he? I say that tongue in cheek, as I completely agree with what you are saying. Noone is going to make money off investing in entry level luxury watches.