Millions of dollars worth of expensive timepieces are on sale in the market. The point is having a watch that serves time but also the extreme engineering feat behind it. It is about the ability, the style factor, and the precision. Patek Philippe’s Gobbi Milano “Heures Universelles” is nothing less spectacular and nothing sort of affordable. Worth £6,849,669 it is a big investment, but keeping records of Patek’s consistent ranking; it has quite the resale value. In the market of collectible watches, Patek is a household name. A name you can trust.
Among the top 10 luxury watches that have made it big, below are some noteworthy mentions. Rolex’s Paul Newman Daytona 6239 is a splendid watch indeed. With a whopping €14,712,483, you can expect the craze and high-risk investment factor associated with it. It can have any reference number besides above, like 6264, 6265, and so on. Its prime configuration to details is the prize you win here. But, why is this particular watch so expensive? Why should one invest millions of big bucks into it?
The myth behind Paul Newman’s watch is that when it went up at auction in 2017, it became the most expensive watch to be sold at a staggering $17.8 million. This was totally unexpected, and there was nothing sort of surprise here. It slowly earned its popularity due to laws of supply and demand, and because hardly anyone was interested in buying them, Rolex didn’t manufacture them anymore. Thus, some of these watches become collectibles and treasures because there is just a handful, and therefore their prices soar high.
But, is this a good investment, was our next question? And, from online forums, we can speculate that despite a doubt, Rolex’s Daytona is the perfect model to invest in today, it is only a chronograph. IT is known for its high value and prestige. The market value is steady and easily doubles the original price today.
Thus, from the brief example, we can see how having such a watch can be used as collateral in high-stakes gambling games, table casinos, and sports betting. Watches act as collaterals for a number of things. Below is a list of the best watches you can invest in today.
Investments should always stand the test of time. In the above infographic, you can see the brands that have been successful in doing so. Research from Betway has shown Rolex’s Chronograph has stayed above 250% of the time in the list of best watches to invest in while other brands include Breitling, IWC, and tau Heuer. Using this information, you can assess and spend your millions into some watches, a couple of them, and expect to win big at an auction in the future. It is all about the law of supply and demand, and some luck.
These brands sell and make stylish watches, and they never go out of style. The factor of detailing, design, and aesthetics is one of the key reasons. But, then there are also other factors like the association with famous celebrities and personalities. There can be anything that hikes up the worth of a seemingly common watch.
