Now my client has his dream watch. A Franck Muller Vanguard Skeleton 7 Days.
MSRP: $46,000. His cost? 65% off.
Now it's an asset on his wrist. Not a liability.
The biggest mistake in the luxury watch world? Buying brand new at the boutique. 99% of the time you're buying the depreciation. The other 1%? You're playing games with the AD that end up costing you more than the watch.
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 $30,000.
By ERICH WOLTERS