Luxury watches, whether as old antiques, relics, or modern-day jewelry, are timepieces that are valuable and highly treasured by those who own or collect them.
Collecting luxury watches started as far back as the 17th century when discovering precious metals and stones.
Luxury watches are expensive brands of watches specially made with quality materials. They can last for many years without losing quality, beauty, and value. Some of the world’s top brands are Rolex, Patek Philippe, Omega SA, Audemars Piguet, Hublot, Cartier, TAG Heuer, and Richard Mille. Many private individuals own an enviable collection of these watches. Notable is a famed collector, John Goldberger, known for his rare collection of expensive watches.
He owned the only Rolex Daytona known to exist in white gold, the watch sold at an auction for £4.35 million in May 2018.
Collecting luxury watches is common, and here are 11 reasons why people collect luxury watches.
1. FOR PERSONAL REASONS
Luxury watches can be kept for historical or other reasons. The reason might be to keep a memory of something or to make a reference. For example, an individual can keep a luxury watch given by a late or living father, mother, friends, or lovers to preserve the memories they share.
2. TO RESELL
Luxury watches are made and customized with high quality and precious materials that can appreciate. Bearing this in mind, people collect and keep luxury wristwatches to sell in the future when the price is higher.
3. FOR BEAUTY AND FASHION
Men and women love luxury watches to complement their beauty and fashion. For instance, celebrities in entertainment, sports, and advertising prefer luxury watches to everyday watches. Wearing luxury watches portrays a high class, which brings respect and maintains their status.
4. AS A SENSE OF FULFILMENT
As tiny or straightforward as a luxury watch might be, the price is always high. When an individual can buy one, he gets fulfilled or feels accomplished. As a result, people put their resources on luxury watches to feel fulfilled and accomplished. One day, a musician went on social media to share a picture of his new Rolex wristwatch and captioned it “I’m made.” This caption reflects the fulfillment feeling of the artist. It’s one thing to have one of the most beautiful watches. It’s another thing to have the ultimate collection.
5. AS SIGNS OF WEALTH:
Luxury watches are unique. They are not like everyday watches that everyone can afford. Therefore, rich people can collect such expensive luxury watches to show how rich they are to families, friends, and the public.
6. TO PRESERVE HISTORY
Luxury watches can be used to preserve past events so that the new or coming generation can learn of such events or history. For example, a collection of luxury watches used by a powerful president or leaders in a country can be kept for historical purposes.
7. AS ASSETS
Another way people keep their money is by investing it in a collection of expensive and luxury watches. An intelligent owner who sees value in a watch can be taken to commercial banks for safekeeping. Many famous celebrities and entrepreneurs like Floyd Mayweather and David Beckham own an enviable collection of luxury watches. These watches can be auctioned off in the future for high prices.
8. FAMILY TRADITION
Some families love to keep luxury watches. For instance, royal families and warlords keep luxury watches used by their patriarchs and leaders of the past to preserve the family’s heritage, dynasty, and power.
9. TO SHOW OFF
People keep luxury watches to show the public that they are in vogue. There could also be a competition among friends or colleagues on who is in vogue and trendy, and to make proof of this, people decide to spend heavily on expensive and luxury watches.
10. FOR RENT SERVICES
People often keep luxury watches to rent them out in exchange for money. For example, people that want to get married can approach someone with a collection of luxury watches, pay some amount, use the watches for the wedding and return it after usage. This act is shared across every clime and culture.
11. FOR BOOSTING SELF-ESTEEM
Psychologists have discovered that luxury watches are familiar to people who want to increase their self-esteem. By wearing luxury watches, people attract positive opinions from the masses. At events and shows, people that wear luxury watches can be respected and classified as high class. This act increases ego and morale to feel proud and influential in public.
Not only are they part of fashion, but luxury watches are also investments for the future!
Written by Lara Harper