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The Watch Market and Investment - Coggle Diagram
The Watch Market and Investment
New vs. Pre-owned Market
Pricing and Availability
New Watches
🆕
Purchased from authorized dealers
Full warranty, pristine condition
Higher prices for in-demand models
Pre-owned Watches
♻️
Lower prices for most models
High-value for rare, in-demand watches
Benefits and Risks
New Watches
🛡️
Authenticity, warranty
Initial depreciation except for rare models
Pre-owned Watches
📉
Affordable, potential appreciation
Risks: counterfeit, unknown history
Luxury Watch as Investment
Value Retention of Brands
Rolex
⌚
Iconic models: Submariner, Daytona
Strong demand, limited production
Patek Philippe
💎
Models: Nautilus, Calatrava
Craftsmanship, rarity
Factors Influencing Value
Rarity 🦄: Limited editions, discontinued models
Condition 🧼: Original parts, minimal wear
Demand 🔥: Popular brands/models
Auctions and Collectors
Major Auction Houses
Christie’s, Phillips, Sotheby’s 🎩
High-end, rare watches
Record-Breaking Sales
Paul Newman’s Daytona
: $17M (2017)
Patek Philippe Grandmaster Chime
: $31M (2019)
Gray Market and Authorized Dealers
Role and Risks of Gray Market
Lower prices 💲
No manufacturer warranty, service history unknown
Authorized Dealers vs. Boutiques
Authorized Dealers
✅
Warranty, after-sales support
Boutiques
🏬
Exclusive models, premium experience