I have been writing about my thoughts behind investing in watches – I have fallen in love with the idea of allocating some of my hard earned capital into Rolex.
Most recently, I was very lucky to have stumbled upon a yacht-master at an authorized dealer and bought it on the spot! I bought it with my credit card and the bonus gave me thousand dollar back! Therefore, the retail price is $14,500, but my true cost of acquisition is $13,500.
So.. I was able to make the decision on the spot because I have always thought yacht-master is an amazing looking watch (in my humble opinion, I think Yacht-Master looks better than Submariner!).
But, I also knew where the yacht-master watches trade in the market in the gray market.
Today – I will discuss how to find market price for your used watches.
For me, I always go to Chrono24 – www.chrono24.com
When you search “yacht-master 40”, you can see secondary market offer prices – the prices where watch dealers are selling the price.
you can take 5-10% discount to the offer price to have a good sense of where the watch is valued currently – this can allow you to see how much arbitrage profit you can get.
Those are spot prices – but you can also check out the price trend on Chrono24.
YOU CAN TELL THAT THE PRICE HAS BEEN UPWARD TREND OF THIS WATCH
However, the ULTIMATE DOWNSIDE PROTECTION OF WATCH OWNERSHIP IS THAT YOU CAN JUST DECIDE TO WEAR THE WATCH FOR YOURSELF – therefore you must make sure you are buying not just as an investment, but also you are buying because you LOVE THE WATCH.
Are you debating whether you should invest in watches? This is my thoughts on why I think investing in watches is an attractive opportunity – particularly in current hyperinflationary environment. Take a read if interested.
Until then, happy investing and watch wearing!
Also this is not advice and this is not sponsored by chrono24 – I am just sharing helpful information!
