Making money: investing in watches

Is it the right time to start your watch collection?

A Patek Philippe Grandmaster Chime 6300A-010 sold for $31.19m in 2019
(Image credit: AFP/Getty Images)

The art of investing in watches

With interest rates showing no signs of improving, investors’ options are limited to only a few avenues which will prove beneficial in the long term, said Joseph McKenzie, founder of pre-owned luxury site Xupes. Property, collectable cars, wine and art are all good options, but one of the most inviting and potentially lucrative is watches. “With some Rolex models being worth almost double on the pre-owned market seconds after they have left the store, it’s no wonder savvy shoppers are turning to luxury timepieces.”

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us