Updated: Aug 13
Watches are not just for the rich. Everyone should have a watch collection as part of their estate planning.
What are you going to hand down to your kids?
1. House: By the time that inheritance taxes, state taxes and federal taxes are paid, what is left
for your kids, and never mind the infighting between the siblings.
2. Stocks and Bonds: Same thing, the government is going to take their share.
3. Art: The beauty of art is that the value is in the eye of the beholder. Watches fall in this category.
To leave your kids something that you love, will be treasured by your children and their children forever.
We have put together a few examples of reasonable watch collections: Entry, Moderate, and
Extreme. These are just a few examples that we threw together in a few minutes. Your tastes and budget might be different. You can choose from over 1200 pieces on our site, or if you wish, let us know what you're looking for. The odds are we can find you anything that suits your budget..
There is a lot of nonsense out there about watch collecting. It's almost all self-serving BS.
Let me explain: Yes, you can spend $30,000 on a Patek, $20,000 on a Rolex, and $10,000 on an Omega. These top of the line pieces are probably overpriced and will have very little appreciation over the next five years. This $60,000 collection might be worth $66,000 in five years, or a 10% increase.
On the other hand, a modest collection of a $3000 Omega, $2500 Rado, and a $2000 Seiko might appreciate by 50% in five years to $11,250. This is a much better return because Rado and Seiko are below the radar right now even though they are beautiful watches.
Rich people collect watches because they recognize that watches are portable, private wealth that they actually own and can privately hand down to their kids.
We believe that watches should be part of everyone's estate planning.
Everyone is different. Check with your financial advisor.
Don't go crazy, but think about it.