Watch preservation a joke? Should you buy a watch with value retention in mind?

I've always believed that most people, except for a few, should not buy a watch with the expectation that it will appreciate in value, and even less hope for preservation. I just came across an article by a veteran watch enthusiast who stated that watch value retention is a big joke. To a certain extent I agree with him. But then again, not only watches but also luxury goods are bought by ordinary people with their "value retention" in mind.

Some of you may have heard or come across cases like this: a wife wants to buy a more expensive watch for her husband, after all, it's a decent watch for him to wear. However, she is very hesitant, because she heard that those brand-name watches will drop in value once they leave the counter, not to say that they do not add value, but also do not retain their value, and she always feels that the tens of thousands of dollars spent is not worth it.TUDOR Royal M28323-0001 Some people may empathize with this case, while others may find it more amusing. Some people may feel the same way as Mrs. Li, while others may find it funny. The reason for sympathy is that Mrs. Li shares the same viewpoint; the reason for laughter is that Mrs. Li over-expected the investment factor of a watch, and that she initially wanted to buy a watch for her husband in order to "save face" rather than to make money from the investment.

The fact is that buying a watch itself is not a profitable investment, but only in the unlikely event that your watch is lucky enough to appreciate in value. Then someone may say: can not appreciate, if you can preserve the value of the good ah! One problem is that many people misunderstand the idea of preserving the value of a watch is how much it costs to buy it and how much it costs to sell it, or that it can be sold for 70% or 80% of its value. That's why someone buying a watch always asks: will it hold its value? But as we all know, watches that retain their value in this range are very rare and often very difficult to buy.

So should you buy a watch for its value? Before answering this question, I would like to ask you a question: what is value retention? Let's not talk about its academic definition, but to preserve the value of a watch is not to lose money or to lose less money.TUDOR Black Bay 39 M79660-0001 Not losing money is easy to understand, but less loss of money everyone's standard may be different. Therefore, some people may ask "what kind of watch retains its value", but in fact, it is asking "what kind of watch retains its value at a high rate".

For watches that cost about ten thousand dollars, except for some special models, it is unrealistic to think about whether they will retain their value or not. Because of the luxury watches, within 10,000 yuan can only be regarded as the entry price, such as Tissot, Medo, etc. These models are often affordable, production is also more, and the general public even if the public price is very easy to afford to buy. Even though some of them even if they are speculated for a short period of time, maybe they still depreciate in value in the long run.

As for the $20 to $50k watches, it's natural for most people to think about the preservation of the watch's value, as it's a significant expense. But what you need to know is the purpose of buying a watch for yourself, are you doing it for investment, are you doing it to make money? No, you are spending it because it is a luxury item or you need it you like it. Of course, preservation of value is not in conflict with these factors, anyone wants to get more value for their money. But what you have to realize is that even if there is a watch that retains its value, you may not always be able to buy it because everyone wants it already.TUDOR Glamour Double Date M57103-0005 A more rational spending is that we have to consider the value retention but not only the value retention, but also the design of the watch, the brand, the movement and so on. In short, value retention is only relative and can be used as a reference, but don't be too calculating.

Buy more than 50,000 or even more than 100,000 watches, spend so much money will naturally consider: choose what kind of watch is suitable for me but also can preserve the value? Some people may say, can afford to buy such an expensive watch must be rich people, how to also consider the preservation of value? On the one hand, people who can afford to buy a watch at this price may be rich but not very rich, so naturally they would hope that they can spend one penny as two pennies. On the other hand, even if they are really rich, they also hope that their money is not spent at a loss, or if they buy a dozen or two dozen of them at a loss, won't they look stupid. Of course, the real money may not be poor tycoon to buy a watch the only thing to consider is "I would like to", after all, the rich people's happiness I can not imagine. However, as always, depending on your needs and purposes, value retention is an important factor, but not the deciding factor.

Buy a watch we have to consider the preservation of value, but do not be superstitious about the preservation of value, because the watch and the same as the car, change hands on the price, but in a certain degree of searching for the word preservation of value directly popped up a water of the car's preservation of the value of the list, and even cell phones, clothes, some people attach importance to the so-called preservation of value. Perhaps this is the weakness of human nature. But what we need to know is that the value of a watch is affected by many factors, and not everyone's eyes and luck are that good. If you really value value retention that much, we suggest you buy some brands with firm prices or popular models, which are easier to get out of the market.

watch enthusiast academic definition watches

1