How to invest in a watch?

Have you ever stopped to think how much worth the watch is on your wrist now? If one day you want to sell it to buy a new or even to earn money, you have any idea whether it will be worth more or less than you paid? These responses are somewhat difficult to answer, but spoke with an expert who explained a little better about the way to invest in a watch. Evan Zimmermann, CEO of international house Antiquorum auction, spoke to us about some of the most important questions about investing in watches. These small boxes with pointers can do much more than mark the hours. What are the most valued brands and endorsed by the market? Where you can buy and sell these watches? We answer these and some other questions throughout the text.

How to invest in a watch

We must know that the connoisseur of watchmaking audience is primarily male. Especially those aged between 30 and 75 years. They are doctors, lawyers and executives who work in the financial market. If someday you are selling your watch through a house as Antiquorum, the chances of it stopping on another continent are great. Interested originate mainly from China, Hong Kong, Middle East, Europe. Other consumers are also the United States, Canada and South America.

How to invest in a watch 1

Before you even think about the resale of a watch, it is important to advance research on the model you search and its possible market value. But only buy if you really like it, not only targeting the money you can earn in the future. “It will always be a good personal investment if you start liking the piece; and buy the best your money can buy, “says Zimmermann. Valuation is a risk: it can happen to your investment.

In addition to luck, a right choice can be connected to the chosen brand. Zimmermann describes that, in the various auctions conducted by Antiquorum, the clocks that tend to enhance or maintain their purchase value models are Rolex and Patek Philippe. The increase in value is especially true with rare and old specimens, in excellent condition of conservation.

How to invest in a watch 2

But he warns that there is no specific time for the play values. A recent example is the Rolex Daytona model, which turned 50 this year. “Some models came to be sold at retail for about $ 500 and today, these parts can reach more than US $ 20,000.”

His next clock
auction houses usually can assist in choosing your next watch, or at least give you an idea of how much get by him. But you, as an enthusiast, must have a clockmaker who can help you too. If you have not already, do not hesitate to approach one to take your questions. He is also passionate about watches and will be happy to help you.

How to invest in a watch 3

In Brazil, you have some options to sell his watch. Afonso Nigro, musician and watch lover, invest your money in watches. “I do like car. I have many, but I have few and trusted and renowned brands. If you give me want to pick up a new one, I change. Rarely lose money on it, “he explains.

Some jewelers are adept at trading business. But there is still the option to auction houses. In São Paulo, one of them is the Daedalus auctions, which usually organize up to six events per year geared exclusively for watch making, with bids that can be taken even online.

Both in Brazil and abroad, the consumer needs of a particular security, be sure to purchase an original or in good product. A watchmakers team is available to assess each of the auctioned models. They are responsible for ensuring the origin of each part of the mechanism. “When possible, our experts contact the antique clocks department of the factory that produced the clock and / or open and compare the part numbers of the movement and the box to the certificate of authenticity. When possible, they also ask for an extract of the plant’s files, “explains Zimmermann.

Regardless of consultations by specialists, make sure of the good condition of the watch you want to buy or sell. Keep in mind that the more rare the piece, the more expensive. limited editions of classic models are a right choice. Recently, the world tailpiece record at auction was for a prototype Rolex Gold Daytona Paul Newman, reference 6263 with dial lemon, it was nearly $ 933,000, more than R $ 2 million! This auction took place in Geneva, Switzerland, in May this year.

Earlier, in April, in New York, in the United States, a Patek Philippe Perpetual Calendar Chronograph, Reference 1518, was sold for US $ 794,500, equivalent to more than R $ 1.7 million. In the 26th, the Antiquorum should hold an auction in Hong Kong of a Patek Philippe Ref. 3939 Tourbillon Minute Repeater in rose gold (pictured at the top of the page, right). The estimate is that it is sold for between $ 600 and $ 800 thousand, more than R $ 1.5 million.

 

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