An Investment on Your Wrist

An Investment on Your Wrist

Rolex watches span the gamut from affordable to exclusive, starting at less than $6,000 and soaring to limited-edition models that cost more than $300,000 It’s like the range of Mercedes cars between a basic C Class sedan, which has no rarity value, and a more coveted AMG Cabriolet that tops $300,000. “Rolex has become a cultural symbol and a status symbol,” said Benjamin Clymer, founder and chief executive of Hodinkee “The quality you receive in a Rolex is above most other watches at that price point” Patek has invested heavily in marketing campaigns that focus on its watches as heirlooms.

But Mr Clymer said the brand does not translate immediately into appreciation. He said that the company’s signature watch, the Calatrava, which costs about $20,000, is like any new car “If you bought it and tried to sell it the next day, you’d take a bath,” he said “They’re not always great investments, but. More

Popular products near you

Popular Posts

Cosmic Blues: Girard-Perregaux Quasar Azure Limited Edition

Girard-Perregaux's invention of a tourbillon with three bridges, first unveiled in a timepiece on 18...

read more

Piaget White Gold 1.3ct Diamond Ladies Jewellery Watch

More information Condition Pre-owned Scope of delivery. Visit the listing and click on the green "Bu...

read more

Redmi's first smartwatch could launch in August according to leak

Redmi's first smartwatch may be unveiled this month according to Digital Chat Station. Redmi was ini...

read more

1974 Omega Speedmaster Mark II Ref. 145.014 With 'Racing' Dial

This Omega Speedmaster Mark II has an orange-and-red checkered seconds track (known as a "racin...

read more

Subscribe to our Newsletter

Get the best news about jewelry and watch industries, products and services