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?
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.
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These investments are easier to keep track of than most others and you can even take them with you if you dare. And what you don't wear will always look good in a glass case.