The Importance of Investing in a Timepiece

For years, collecting luxury watches has been a symbol of status and a fashion statement for the world’s elite. They derive great pleasure in owning rare and costly and some choose to have a collection of the most desired timepieces ever made. 

A watch seems to be the perfect financial investment according to a recent study conducted by Betway, whether you’re buying or selling, and to some that can it has become a token adornment when wanting to leave a legacy. The cost of and demand for these accessories are so exorbitant that owners have even started to use them as collateral for high-stake betting. 

A Glance at 10 of the Most Upscale Timepieces Today (2017)

Below are the top 10 watches that are worth more than just a pretty penny.  

7 Watches That Have Skyrocketed in Value

Over the years, a few watch brands have and will continue to catapult into ridiculous price ranges. These brands include Rolex, Breitling, IWC, Tudor, Omega, Hublot, and Tag Heuer, all in that order.  

Most Popular Watch Brands (2020)

As of 2020, research provides us with a top 10 list of the world’s most expensive watches. These timepieces are namely: 

1. Graff Diamonds Hallucination – $55 million
2. Graff Diamonds Fascination – $40 million
3. The Breguet 1160 – $30 million
4. Jaeger-LeCoultre Joaillerie 101 Manchette – $26 million
5. Chopard 210 Carat Watch – $26 million
6. Patek Philippe Supercomplication – $24 million
7. Jacob & Co Billionaire Watch – $18 million
8. Paul Newman’s Rolex Daytona – $17.75 million
9. Patek Philippe 1518 – $11.1 million
10. Vacheron Constantin 57260 – $8 million 

If you’re looking to invest in a watch, do some research on the ones that have appreciated in value, these are usually the ones in high demand. 

The most common watches include the Rolex Daytona, the Rolex GMT-Master 1 & 2, the Patek Philippe Nautilus, the Audemars Piguet Royal Oak, and the Omega Speedmaster Professional. These watches would also be among the few with the highest search rates.

Celebrities Who Can Afford Limitless Supplies of Watches

Like most tech businesspeople, Jeff Bezos doesn’t care much for the extravagance of timepieces, so he’s quite loyal to the humble watches he does own. Jeff Bezos is always seen sporting his Ulysse Nardin Dual Time and could probably purchase the watch 11 million times. Similarly to Bill Gates, who can buy his $50 Casio 1.6 billion times more, albeit, that would be a lot of money spent on watches. 

Owning a luxury brand timepiece

The privilege of owning a luxury-brand timepiece has been a goal of many for generations, who consider it another notch to their collection. It provides them with satisfaction, knowing they own a lucrative investment. They could also use it as a form of insurance, should they find themselves in a sticky situation.