Is paying the full retail price at a watch boutique
I see the same story time and again…
Watch owners approach me for offers on their timepieces
I educate them on the market
The comps, the trends…and, oh, the depreciation
Here’s what none of them realize…
The minute they walk out of the boutique
Admiring their new Omega, Cartier, Breitling, or Hublot…
Their watch has reached its full depreciation
Literally in like one minute
No, it’s not like a car that depreciates over 4-5 years
That watch you bought at the boutique fully depreciated
Immediately
So, ya, you just took a 40-50% haircut
This is true 99% of the time.
The only exceptions in ~10% of the AP, Rolex and Patek portfolios.
This is why I nearly always say to buy pre-owned
And when you buy the watch correctly you’re protected with very minimal downside risk
And, of course tons of compliments…
I’m here to help.
Send me a message if you need a price check
To be sure you’re buying right on the pre-owned market.
Don’t make the same mistakes I see so many others make.