Great info but i have a question, Factors like craftsmanship, materials, brand reputation, and exclusivity contribute to their high price tags. But what if you ever find yourself considering such an investment? And how does investing tie into this discussion?
Luxury watches are indeed intriguing, but the hefty price tags can be daunting. I wonder if there are ways to justify such a purchase or perhaps explore alternatives that offer similar prestige without breaking the bank.
Investing in luxury watches is a unique venture. While they can hold their value or even appreciate over time, it's essential to approach it with caution. Diversification is key, as with any investment, to mitigate risks associated with fluctuations in the luxury market.
Having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year.
Speaking of seeking advice, does anyone have recommendations for reputable advisors specializing in luxury watch investments? It's essential to have guidance when venturing into such niche markets.
So if you hire a few master watchmakers, design and develop a movement, invest in state of the art production facility, spend on marketing and adverts and it takes a month or two to produce a grand complications watch, you think a few grand gonna turn you a profit? The MSRP have to cover the above or even more expenses that I miss. You are not wrong the supply and demand decides the secondary market price though.
Its really just supply & demand... But thats with everything.. watches, cars, sneakers, coins, art... if someone is willing to pay it, thats how much they are "worth"...
Research and development, labor (watchmakers) and materials and marketing for these great watches lead to the high retail prices and understandably so. High horology is expensive, well worth it if you can afford it, but you could save money by looking into the secondary market and save money on that Uber watch you really desire. There are alternatives out there and Roman and his team can certainly find a watch that perfect for you. Remember if it's a hype piece you're going to pay the price, but there are alternatives out there that you would be happy with, put your trust in Roman and his team, you will not regret it. Roman knows watches.😊
Simple answer. Some people are exceptionally stupid and have more money than sense. I get you are paying for the research and expertise that went into the concept of a complicated piece rather than the cost of the actual material that goes into it but most of that is bull. Hublot is slated for being simplistic and charging top money but Rolex pieces aren't remotely advanced but command stupid prices at retails for what they do
I agree with your last statement that if it makes you happy then that’s that and I have a Seiko prospex mm300 and have friends who ask how much I payed and say in the low thousands they are like why and what so special about the watch. First I love it and second I can afford it, and not be worried about what they think. I’m and average guy who loves watches and know that being happy with your purchase is all that it means to me. Great content and educational keep up the good work Mr. Roman.
Great info but i have a question, Factors like craftsmanship, materials, brand reputation, and exclusivity contribute to their high price tags. But what if you ever find yourself considering such an investment? And how does investing tie into this discussion?
Luxury watches are indeed intriguing, but the hefty price tags can be daunting. I wonder if there are ways to justify such a purchase or perhaps explore alternatives that offer similar prestige without breaking the bank.
Investing in luxury watches is a unique venture. While they can hold their value or even appreciate over time, it's essential to approach it with caution. Diversification is key, as with any investment, to mitigate risks associated with fluctuations in the luxury market.
Having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year.
Speaking of seeking advice, does anyone have recommendations for reputable advisors specializing in luxury watch investments? It's essential to have guidance when venturing into such niche markets.
Nathan Travis Cook, he works like a charm
A few thousand dollars is one thing, but if you’re asking what makes a 100k watch a 100k watch? Brand names and supply and demand. It’s that simple
So if you hire a few master watchmakers, design and develop a movement, invest in state of the art production facility, spend on marketing and adverts and it takes a month or two to produce a grand complications watch, you think a few grand gonna turn you a profit? The MSRP have to cover the above or even more expenses that I miss.
You are not wrong the supply and demand decides the secondary market price though.
You can tell Roman is passionate about watches. Thanks for the informative video!
Its really just supply & demand... But thats with everything.. watches, cars, sneakers, coins, art... if someone is willing to pay it, thats how much they are "worth"...
Excellent analysis of watches and their pricing
Roman, you still got "it"! Your best videos are you sharing your knowledge on screen by yourself.
That TPG GP is still hanging around 😂
Yo Roman, where is your accent from over there?....is it NY accent?.....gday from Australia mate!🤘🏾💯🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺
The LV dial is a zenith rainbow 🌈 rip off 😂
Research and development, labor (watchmakers) and materials and marketing for these great watches lead to the high retail prices and understandably so.
High horology is expensive, well worth it if you can afford it, but you could save money by looking into the secondary market and save money on that Uber watch you really desire. There are alternatives out there and Roman and his team can certainly find a watch that perfect for you.
Remember if it's a hype piece you're going to pay the price, but there are alternatives out there that you would be happy with, put your trust in Roman and his team, you will not regret it.
Roman knows watches.😊
Hugh horology is expensive, but he’s worth it.
Stopped watching at Hublot
good. 1 less immature kid
I made my own watch. I put a Rolex movement inside a Timex case and put on a Casio strap. Hmm, I wonder how much I can get for it 🤔.
HYPE….. you’re welcome
Simple answer. Some people are exceptionally stupid and have more money than sense. I get you are paying for the research and expertise that went into the concept of a complicated piece rather than the cost of the actual material that goes into it but most of that is bull. Hublot is slated for being simplistic and charging top money but Rolex pieces aren't remotely advanced but command stupid prices at retails for what they do
RM is so overrated
He keeps sticking greasy fingers on the crystal. I bet all of his watches have a fingerprint in the crystal. We should call him Greasy Fingerprint
Bro, stop reading from the prompter
Never ever seen one of those
Had that triple bridge tourbillion kicking around for so long.. obviously still not found a rich mug with more money than sense willing to buy it :D
1 wife, 3 daughters, 3 female cats and a girl dog... they all love diamonds
supply & demand?
Brother you are good at what you do.
I agree with your last statement that if it makes you happy then that’s that and I have a Seiko prospex mm300 and have friends who ask how much I payed and say in the low thousands they are like why and what so special about the watch. First I love it and second I can afford it, and not be worried about what they think. I’m and average guy who loves watches and know that being happy with your purchase is all that it means to me. Great content and educational keep up the good work Mr. Roman.
Wow, great job Adrian.