Luxury watches surpassed Bitcoin and classic vehicles as the most sought-after investment choice this year. Despite the historic crypto meltdown, watch prices are still substantially higher than they were in 2019. In reality, during the epidemic, many bought timepieces like Rolex and Patek Philippe with their savings. Everyone paid attention to renowned watch brands as their resale values increased.
For instance, multiple watches were put up for auction by various auction houses in June 2022. Watch auctions brought in about US$19 million for Sotheby’s, over $20 million for Christie’s, and over $30 million for Philips, respectively, for the auction house. It was “the most successful spring watch auction season” to ever strike New York, according to watch magazine Hodinkee.
1. Rolex Submariner ref. 116610LV
The Rolex Submariner was introduced in 1953 for professional divers, and both its value and design have improved over time. For example, the Rolex Submariner ref. 116610LV, commonly referred to as the “Rolex Hulk,” is regarded as one of the most valuable—and hence rarest—watches the watch company has to offer. Due to its big lugs and ceramic bezel, the watch is hefty. On the Sotheby’s website, the watch is listed for more than $12,000 USD.
Furthermore, Rolex has raised the price of ref. 124060, another one of its Submariners, over time. Due to demand, it increased the price from US$8,100 in 2021 to US$8,950 in January 2022, a roughly 10% increase.
2. Patek Philippe Nautilus 5711
American consumers began to recognise the financial potential of Swiss watches in 2022, and Patek Philippe was at the top of many lists thanks in large part to the legendary Nautilus 5711/1A watch. However, Patek Philippe announced on their website this year that they were no longer making the storied timepiece. Even though it was a sombre goodbye, the watch’s resale value increased. The timepiece brought US$6.5 million at auction in December 2021. According to Sotheby’s, this watch will set you back more than US$60,000.
The Patek Philippe Nautilus 5711/1A is a sporty, luxurious steel watch that was initially presented in 1976 and has been dubbed the “most sought watch in the world” by various magazines. The watch has an unusual octagonal body and a dial with horizontal embossing.
3. Audemars Piguet Royal Oak
A vintage Audemars Piguet Royal Oak watch fetched more than US$1 million at an auction in May 2022. Additionally, Audemars Piguet, a watch company, had an increase in revenue of almost 30% to US$1.6 billion last year. The brand and Patek were on equal footing economically as a result of that rise. Clearly, Audemars Piguet is a watch company to keep an eye on since it can end up being very valuable to you in the future.
Make a notice of the Audemars Piguet Royal Oak collection in particular. The watch had an integrated band and an octagonal bezel when it was initially presented in 1972. A pre-owned Royal Oak watch may cost you roughly $27,000, according to the Hodinkee store.
4. Omega Speedmaster “Moonwatch” 42 mm
Buzz Aldrin walked on the moon in 1969 while wearing an Omega Speedmaster Professional watch. Since then, every NASA astronaut has worn the watch, which has come to be known as the “Moonwatch” among enthusiasts.
It is one of the most sought-after watches in the world, so much so that in 2021 Omega partnered with another watch company Swatch to release a more modern, more reasonably priced version of this watch: the MoonSwatch, which retails for just under US$300. When this watch first came out, there were lengthy lines and a lot of social media hype, which cemented the watch’s legacy and current demand. According to the official Omega website, the price range for the Omega “Moonwatch,” which is a more traditional option, is between US$6,300 and US$52,000.
5. Jaeger-LeCoultre Reverso Grande Complication À Triptyque
Unique luxury watch with a reversible case is the Jaeger-LeCoultre Reverso. The watch was created in 1931 in response to a polo player’s desire for a useful timepiece that could survive the rigours of the game.
It is still one of Jaeger-most LeCoultre’s well-known models today. The fact that this watch’s design hasn’t altered much throughout the years is evidence of its enduring value. For instance, the first watch in this series with three faces is the Reverso Complication by Triptyque. Numerous valuable unusual watches from the Reverso series are worth adding to your collection. You will need to pay more than $75,000 for this watch, according to Sotheby’s.
6. Vacheron Constantin Overseas 4500V
The Overseas, which is known for its lengthy lines and high demand, maintains its value like other elite luxury goods. A high-end watch called the Vacheron Constantin Overseas was first released in 1977 and redesigned in 2016. Due to social media influencers wearing the Overseas 4500V online last year, it gained notoriety and increased in value.
The strap and case of the watch have a sporty style and are made of stainless steel. The cost of this watch, according to the official Vacheron website, is $33,100.
7. A. Lange and Sohne Zeitwerk Minute Repeater
German company A. Lange and Sohne was at the heart of a supply and demand battle in November 2021, with the former outpacing the latter. The chance for their watches to be sold for high prices made Lange watch owners happy.
The Zeitwerk Minute Repeater ref. 147.028 is one such timepiece with excellent investment potential. It is the first mechanical wristwatch to have leaping numerals and a decimal minute repeater. One of the rarest watches made by the watchmaker, only 30 of this white gold and blue wristwatch are available for purchase.