Now my client can enjoy his dream watch....
A Blancpain Fifty Fathoms Bathyscaphe Chronographe Flyback in a sunburst green dial that hits as hard as his discount.
MSRP: $22,400. His cost? 45% off.
Now it's an asset on his wrist. Not a liability.
Most people don't understand that Blancpain, Omega, Ulysse Nardin, Panerai and other major luxury watches fully depreciate the moment you buy them. Minutes after purchase, that value just disappears.
But once that drop in value happens, the right watches stop falling. They stabilize. And they become a reliable store of value that you get to wear.
This is exactly why the secondary market for luxury watches is growing faster than the primary market....
...and is now valued at more than $40bn per year.
Don't buy the depreciation. Buy the watch.
Which watch have you been following but aren’t sure what to pay?
Thank you to the first owner who lost $12,500
By ERICH WOLTERS