Rarity, complexity and condition make all the difference when looking for a luxury watch. But while there are major gains to be made, it takes a good eye to know the difference between a clever investment, and a waste of time.
Vintage fashion investment is an increasingly lucrative area, and with substantial public demand for luxury clothes, fashion retail businesses have seen impressive returns – so is there still room to get money for old rope?
You can’t go wrong with an Air Jordan. Lebron James is also a good bet, as are special models designed by Jeremy Scott or Kayne West.
The growing demand for the clothing and jewelry of yesteryear has produced a surge of collectors, from Hollywood stars to wealthy fashionistas.
We take a look at whether luxury time pieces could add value to your portfolio.
The Bulgari Blue Diamond, sold for $15.7 million on Wednesday at Christie's New York, setting a new world record for the price paid per carat for such a stone in open bidding.
Alfredo Paramico, fund manager at Precious Time, told CNBC, "here we have a once in the lifetime opportunity to have all together these three wrist watches who are the most important wrist watches in history ever."
Breaking in is difficult due to a lack of investment vehicles, limited access to buyers and sellers and varying pricing models.