BroncoSport wrote: Finally, luxury watches are a horrible "investment". Almost every brand, depreciates in value over the years, with the exception being the uber high end makers such as Patek, Lange, ect. Also plan on a full service on ANY luxury watch after 6 years or so, as the oils break down adn wear and tear on the parts occur. In the USA, this full service can run $400-700 depending on any major parts that need replaced. Buy it to enjoy it, not to resell 10 years down the road for a profit.
While I agree with Bronco on this, I believe he is referring to the purchase of a new luxury watch vs. a "Pre-Loved" version being a bad investment. Some folks tastes lean towards wanting to be the first owner and while that is up to the individual, they are the ones that suffer the most on the depreciation side.
On the other hand if you are not a stickler for being the "First" owner, want to save upfront capital, and suffer the least amount of depreciation, then "Pre-Loved" is a great alternative. Depending on the brand, condition, model, accessories, and age, one can keep a "Pre-Loved" piece in their collection for a number of years with little or no loss upon reselling it....and in some cases a little profit. If you choose this route you want to make sure to try and get all the papers, certificates, and original display boxes. This will increase the value upon reselling the piece in a general range of $100-$300, again depending on the brand, available papers, and condition of the boxes. Keeping records of all the service done and being able to provide these to a potential customer is also of benefit for obvious reasons.
In either case Bronco is right, luxury watches are not a good investment as they will not generally increase in value.
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Choosing between a couple of options will seem like nothing when you reach the point where you have an always evolving wish list. And trust me....it will happen.