Can watches really be an investment ? In order to answer this question, I think it is paramount to first describe what the term invest means.
Accoridng to google definitions, to invest is to “expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture.” Also according to dictionary.com, to invest is “to put (money) to use, by purchase or expenditure, in something offering potential profitable returns, as interest, income, or appreciation in value.
When it comes to investing in watches, many people immediately think of the major luxury brands like Rolex, Patek Philippe, and Omega. However, there's a growing trend of investing in microbrand watches – watches made by small, independent manufacturers that are not as well-known as the big brands. In this post, we'll take a look at why microbrand watches can be a smart investment, and what to look for when considering a microbrand watch purchase.
First, let's define what we mean by a microbrand watch. A microbrand watch is a timepiece that's designed and produced by a small, independent company. These companies often have a strong focus on design and craftsmanship, and they may also prioritize sustainability, ethical manufacturing, and community engagement. Microbrand watches are often not found in mainstream markets, they offer unique and high-quality watches that are not typically found in mainstream markets.
One of the biggest advantages of investing in a microbrand watch is the potential for significant appreciation in value. Because microbrand watches are produced in limited quantities, they can become highly sought-after by collectors. This can drive up the value of the watch, and lead to a substantial return on investment. Additionally, microbrand watches are often more affordable than those of major brands, making them more accessible to a wider range of buyers.
Another advantage of microbrand watches is their direct-to-consumer model. Bypassing traditional distribution channels and retail outlets, allows them to keep their prices low, and to build a strong relationship with their customers. This can lead to a more personal and satisfying buying experience, and also allows you as an investor to communicate with the company directly in case of any issues.
When considering a microbrand watch purchase, it's important to do your research. Look into the company's history and reputation, and read reviews of their watches from other buyers. Make sure to pay attention to their warranty or any other guarantees. A microbrand watch should come with a warranty, if not it might be a red flag.
In conclusion, microbrand watches can be a smart investment for those looking to add a unique and high-quality timepiece to their collection. With the potential for significant appreciation in value and an accessible price point, microbrand watches are worth considering for any watch enthusiast or investor. Just make sure to do your research and pick a reputable brand with a good reputation.