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CNBC - "Investing in Luxury Watches"  2 Comments

Published Saturday, November 26, 2011 by Harry SK Tan |

 

Couple of months ago I posted my thoughts regarding investing in watches. Today, I read this column and watched the video - Alternative Investing 2011 - Time Is Money: Investing in Luxury Watches - CNBC

I wonder how many having read the article and watched the video was convinced that luxury watches is a viable alternative investment (as reflected by the byline). It is curious that in the video describes watch investment  (comments that seemed to be left out in the article)  as an "investment of passion". Unfortunately, they made no definition as what that phrase means but I wonder whether its a clever phrase to describe an investment that lacks cold and calculated financial reasoning?

 More significantly the London second hand dealer actually says "I cannot say with a 100% that everything that is bought from my shop will guarantee to go up (in value)". Clearly in every specific investment market, there will be duds and there will pretenders trying to look like the blue chip deal. There are no quick bucks to be had and as with all kinds of investment - e.g. art, wine, cars etc) you just have to spend a a lot of time learning about horology and observing the watch market.

Interestingly, the narrator ends the recording by, "Remember this is a passion investment and do not bank on a profit..."



 

 




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