Watches as an investment

Money, investing, mutuals etc

Re: Watches as an investment

Postby pabenny » Wed Apr 05, 2017 6:47 am

According to this article in The Economist, makers of premium watches are facing a big fall in demand.
http://www.economist.com/news/business/ ... s-try-keep

This may explain some of the discounting recently seen and may also result in a collapse of the valuation of 'investment' watches.
pabenny
 
Posts: 365
Joined: Tue Jun 29, 2010 4:21 pm
Has thanked: 163 times
Been thanked: 394 times

Re: Watches as an investment

Postby underfog » Wed Apr 05, 2017 11:04 am

pabenny wrote:According to this article in The Economist, makers of premium watches are facing a big fall in demand.
http://www.economist.com/news/business/ ... s-try-keep

This may explain some of the discounting recently seen and may also result in a collapse of the valuation of 'investment' watches.


Supply and demand. In the absence of demand there is limited value.
[Secretary] imutual Cashback Investment Club (CIC)

I'm making a profit of 6.0%...
underfog
 
Posts: 19749
Joined: Tue Sep 14, 2010 7:23 pm
Has thanked: 198 times
Been thanked: 2744 times

Re: Watches as an investment

Postby Derbiean » Wed Apr 05, 2017 11:13 am

Time will tell if this is true ;)

Thanked by: Beachboy
Derbiean
 
Posts: 366
Joined: Sat Feb 06, 2016 11:49 pm
Has thanked: 228 times
Been thanked: 465 times

Re: Watches as an investment

Postby Beachboy » Wed Apr 05, 2017 1:31 pm

I guess it is a case of watch this space :-)

Thanked by: Derbiean
Beachboy
 
Posts: 923
Joined: Tue Jun 29, 2010 8:53 pm
Has thanked: 1335 times
Been thanked: 1117 times

Re: Watches as an investment

Postby planteria » Wed Apr 05, 2017 5:26 pm

far be it for me to disagree with the article, but in recent years, during 'tough times', the prices of watches have continued to rise. seen as 'a spread of assets' it makes sense to have one or two nice watches, maybe some gold, rare coins, stamps, art, wine, whisky, and maybe other physical assets which are considered 'Alternative Investments'.

Thanked by: Derbiean
planteria
 
Posts: 4526
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 296 times
Been thanked: 1098 times

Re: Watches as an investment

Postby underfog » Wed Apr 05, 2017 8:32 pm

planteria wrote:far be it for me to disagree with the article, but in recent years, during 'tough times', the prices of watches have continued to rise. seen as 'a spread of assets' it makes sense to have one or two nice watches, maybe some gold, rare coins, stamps, art, wine, whisky, and maybe other physical assets which are considered 'Alternative Investments'.


Indeed. The age of adage "don't keep all of your eggs in one basket".
[Secretary] imutual Cashback Investment Club (CIC)

I'm making a profit of 6.0%...
underfog
 
Posts: 19749
Joined: Tue Sep 14, 2010 7:23 pm
Has thanked: 198 times
Been thanked: 2744 times

Re: Watches as an investment

Postby underfog » Wed Apr 05, 2017 8:35 pm

This is why I take a punt on the AIM share investment market.

You never know - you may just hit gold or black gold (oil).
[Secretary] imutual Cashback Investment Club (CIC)

I'm making a profit of 6.0%...
underfog
 
Posts: 19749
Joined: Tue Sep 14, 2010 7:23 pm
Has thanked: 198 times
Been thanked: 2744 times

Re: Watches as an investment

Postby pabenny » Thu Apr 06, 2017 6:35 am

planteria wrote:... in recent years, during 'tough times', the prices of watches have continued to rise...


Although we have experienced difficult economic times since the banking crisis, the Chinese market for luxury goods has been buoyant and has only slowed in the last couple of years. This is partly driven by a crackdown on corruption, which has made conspicuous displays of wealth much less attractive. Other luxury goods - bags, scarves, etc have also seen a downturn in Chinese demand.
pabenny
 
Posts: 365
Joined: Tue Jun 29, 2010 4:21 pm
Has thanked: 163 times
Been thanked: 394 times

Re: Watches as an investment

Postby planteria » Thu Apr 06, 2017 6:28 pm

they have.. but also my comments related to the retail market here in the UK. restaurants, jewellers etc. have been doing well, despite the gloom we are told about.
planteria
 
Posts: 4526
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 296 times
Been thanked: 1098 times

Previous

Return to Finance & property

Who is online

Users browsing this forum: No registered users and 1 guest

cron