When strolling at malls, you probably stop outside a watch shop and admire those shiny timepieces. Lots of brands come and go with time but it didn’t make any difference among true collectors around the world. Luxury watches cost thousands of dollars and their value increase evidently unlike many other goods.
You must be wondering why put hard-earned money in a costly watch when there are better things in life! Even if you did invest in one, there will be a second and third after a year or so. In this article we’ve put together a few facts about how true watch fans actually afford such timepieces with real life examples so read on.
Valuable Facts & Details
Socioeconomic discrimination is the most frustrating factor that exists. Since the dawn of television and advancement of mass media channels like internet, people are more aware about luxuries they simply couldn’t afford. It was in 1990s when mechanical wristwatches became a luxury item that shaped the “average Joe” ability to afford the piece; that he actually could a decade earlier. Here’s when watches became more of a status recognition tool rather than a mere time-telling device. Many even cited that trend is moving in the wrong direction.
Meanwhile, not everything is entirely based on pure greed on behalf of watchmakers. Primary reasons for luxury watches being overly expensive are because of craftsmanship and countless hours invested in parts and technical details. Watchmakers were sort of, deprived from achieving a particular economy of scale which means lower production definitely requires high cost for each unit sold. Top brands like Patek Phillipe and many others probably charge more than anticipated since they manufacture only a few timepieces per year.
What buyers probably do is invest once in an expensive timepiece, pass it among their family or sell it in open market. No doubt one may experience loss as you’re probably continuing invest in new arrivals, it allow enthusiasts to actually enjoy wearing a luxury brand such as Tommy Hilfiger watches for a while before flipping. Other fans usually save a substantial portion of their budget for classy timepieces which is proof enough that their love isn’t going anywhere soon enough.
Surely, it’s wise and buyer’s right to get a good price over different commodities like watches for instance. Savvy aficionados perform detail market research, realising value of existing and even upcoming watches. This helps a lot when it comes to buy new or used watches either online or individual retailer.
The Buying Paradox
Other people simply remain voyeurs for the rest of their lives as many great watches are simply beyond affordability. Online blogs, weekly publications and magazines are what remain to keep their love for watches evergreen. These are also helpful when it comes to determine which piece is affordable, how good are refurbished versions and sneak peek over upcoming watches.
Winds of change do come and it’s possible what you can’t afford today may already be in your possession tomorrow. Yet another possibility is that even the most wealthy watch fans mightn’t be able to afford timepieces in near future. Advent of smart watches further raised the heat, dais is set and all we can do is wait and see what coming days hold for luxury watch fans.
Looking at real life examples, it’s pretty clear that traditional watches aren’t going anywhere sooner and numbers of fans are growing day by day.