Post
Topic
Board Economics
Re: Would you prefer to own a luxury watch or invest in bitcoin or other assets?
by
Hewlet
on 27/12/2023, 16:56:31 UTC
Luxury watches at the top end of the market can be considered as an alternative form of investment. While I don't possess extensive knowledge about watches, my understanding from available information suggests that reselling them can yield a substantial profit. The return on investment for luxury watches tends to be quite satisfactory. Prominent examples of such watches include Patek Philippe, Rolex, and Audemars Piguet, some of which have a waitlist spanning two years. Most of these watches tend to appreciate in value.

However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?
i have never considered buying of luxurious watch as an investment to be very honest. If I am not wrong, most wrisk watches becomes outdated after a while and apart from the authenticity of the material used in the making of the watch, most persons would want to buy a recently manufactured watch with a current design and aesthetics than going for one that was manufactured five to ten years ago.

Bitcoin has proven to be very volatile in a positive sense and although at certain occasion, it value might reduce, deoreciation doesn't act on bitcoin and I would prefer it over wristwatch investment anyway and anytime.