We don’t want to bang on about the same points here, especially the benefits to buying a luxury watch. First and foremost, a luxury watch is an investment. Over time, watches have appreciated in value more than most other types of luxury items. The luxury watch market has outperformed the Precious Metals Market, the UK House Price Index and both the S&P 500, and the FTSE 100 in the past 5 years according to data from LuxeWatches.
As we mentioned in the intro, a luxury watch is also a status symbol. It shows that you are successful and can afford to purchase the best of the best. It also indicates that you appreciate quality and craftsmanship. For those trying to showcase their wealth and status, a watch is a great purchase.
History of Watch Investments and Its Fluctuations
Watches have been a popular investment choice for many years.
Over the years, the watch market has seen its share of highs and lows. In the early 2000s, luxury watches were in high demand and prices were at an all-time high. However, the market crashed in 2008, leading to a significant depreciation in the value of watches.
Recently, however, the watch market has seen a resurgence. Prices are on the rise again and demand is high. As a result, now is a good time to invest in a luxury watch.
Comparing the Top Luxury Watch Brands
Brands like Audemars Piguet, Cartier, Rolex, Breitling, Omega, and Patek Philippe are some of the most well-known and respected brands in the luxury watch market. They all offer high-quality watches that are sure to impress.
Each brand has its own unique selling points. AP is known for its complex movements, Cartier is known for its elegant designs, Rolex is known for its durability and quality, Breitling and Bell & Ross are known for their aviation-inspired watches, Omega is known for its sporty designs, and Patek Philippe is known for its luxurious finishes – a wide variation in both look and feel alongside price points.
Choosing the Right Type of Luxury Watch for You
The features you want: Luxury watches come with all sorts of features, from date displays to GPS tracking or it could be the movements or art style – there are watches out there with an Astronomical theme that are mapped to the solar system’s movements (Midnight Planétarium Watch). Think about which features are most important to you and make sure the watch you choose has them.
Yield: What are you looking for in your investment? Some brands historically do better than others and although it’s impossible to predict future market movements, there are some pretty consistent movers in the watch market when it comes to brands, you can use this data to base your decision.
Wear type: Do you want this for a special occasion or are you looking for an everyday timepiece, if so you need to think about the durability and sturdiness alongside the maintenance needed to keep a luxury watch on all day, every day. A major consideration in our book.
Recommended Watches for 2023
If you’re looking for the best luxury watch to buy in 2022, look no further. We’ve compiled a list of the top watches from around the web, based on awards and expert reviews.
Our top pick for the best luxury watch of 2022 is the Rolex Daytona. This classic watch has been a favourite among luxury watch aficionados for decades, and it shows no signs of slowing down. The Daytona is perfect for those who want a sophisticated and timeless watch that will never go out of style it’s also designed to meet the demands of professional racing drivers so is super durable.