One of the best things about watches is the fact that you can find models from $10 to millions of dollars. So as you can imagine, there are models for pretty much any type of buyer. That brings the question, how much do you have to spend for a watch to be considered a luxury? Or even better, where does the price of a luxury watch start? Let’s find out!
WHAT PRICE TAG SHOWS THAT YOU OWN A LUXURY WATCH?
As always, we have to keep in mind that the term “luxury” is very subjective. What’s luxury for a person can seem extremely affordable for others. After all, everyone has a different spending budget. With that in mind, most experts tend to agree that a watch over $1000 is a luxury timepiece. At $1000 you’re already spending a significant amount of money and manufacturers tend to include special movements and a multitude of other features.
However, there are still some amazing watches between $300 and $1000 that are considered a luxury, based on the materials and brands that make them. The main focus when it comes to buying a luxury watch is setting a budget and studying the market. That will give you a very good idea of what you can expect and what will give you a very good return on investment.
Watches are a luxury when you are spending a good chunk of income to afford one. That’s why the $1000 mark is just a starting point, you can increase or lower it depending on the situation. It’s safe to say that a luxury watch is more than just a simple watch purchase, for a lot of people it’s an investment and a very significant one. Some even keep these watches and pass them down to the next generation!
ARE THE PRE-OWNED LUXURY WATCHES?
While a lot of people want to buy luxury watches brand new, the truth is that many luxury watches are made in a limited amount. So for the most part you have to go to the pre-owned market to obtain certain models. And on top of that, some older models are only available as pre-owned. But make no mistake, there are pre-owned watches well into 6 figures, in fact most luxury watches on the secondary market are pre-owned, although you can find some new ones as well.
CONCLUSION
As you can see, luxury watches can vary in prices, and they can go from a few hundred dollars to millions. That’s why it’s a very good idea to buy watches that you can afford, which you like and which also retain their value in the long run. Going for a reputable brand is a very good idea, and it can help provide exceptional results. With that in mind, studying the market and checking the available models can also come in handy. That way you can find a great watch model that you like, and in the end it can provide a very good return on investment!
