Have you ever considered becoming a billionaire with your old watch? Although that sounds odd, it is unquestionably accurate. In the realm of investing, a new report has caused a stir.
Have you ever considered becoming a billionaire with your old watch? Although that sounds odd, it is unquestionably accurate. In the previous 15 years, used Rolex watches have beaten both the US stock market and major investment possibilities like real estate, according to a recent analysis that has caused a stir in the world of investing. Since 2010, the average price of these watches has risen by 550%. In other words, an old Rolex Submariner or GMT-Master-II that you paid Rs 2 lakh for in 2010 would now have cost about Rs 12 lakh.
The pandemic caused a sharp increase in the cost of used luxury timepieces. The creator and CEO of Bob’s Watches, Paul Altieri, claims that between 2020 and 2022, the cost of some models nearly doubled in a single year. Curiously, traditional models such as the Submariner remained stable in terms of price, dropping just 8% from its peak of Rs 18.9 lakh in 2022.
What are the models that yield the highest returns?
Datejust: The most popular pre-owned Rolex model, with a 639% price increase.
GMT-Master II: Due to demand for both the contemporary “Batman” and vintage “Pepsi” varieties, prices have increased by 506% since 2010.
Daytona: This model produced a 358% return, peaking at Rs 54 lakh.
According to Alteri, the used watch industry was disorganized in 2010 when he relaunched Bob’s Watches. When he began publicly showing prices, the market became more transparent and people began to view it as a new way to invest. Back in the day, a used Rolex watch would often cost around 30% less than a new one, but these days, they are frequently even more expensive. This trend makes it abundantly evident that, like gold and silver, an antique watch can also prove to be a good investment if you pick the correct brand and model.
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