NOW IS THE TIME TO INVEST IN VINTAGE WATCHES

Times are going to get tough and that is for sure , I have been through 3 recessions and this is my 4th but now is the time to invest in vintage watches.

Luckily I stopped investing in the stock market on the second crash ( not black Weds ) and have not even thought about buying shares since , they are simply too volatile and frankly the returns are too low ( and taxed ) and a lot of smart and fast computers are going to take the big profits at your cost..

Property has always been a good investment for me ( being a Chartered Surveyor handy with tools helps ) but when in 2015 I started buying vintage watches I really have not looked back.

I don’t know anybody who has not made a decent margin on vintage watches ( and a number of new ones ) and if they are personal watches i.e. you are not engaged in a business theres no tax to pay of any sort.

This is an excerpt from the government website….

Possessions with a limited lifespan

You don’t have to pay Capital Gains Tax on personal possessions with a lifespan of less than 50 years. This covers all machinery, and includes things like antique clocks or watches.

Hmm I don’t know of any watch that won’t last 50 years but HMRC sets the rules !

Now the tricky part comes when you come to actually invest i.e. buy a vintage watch !

My best advice is to go to a well known auction house like Fellows. I used to buy from there in the early years and my watchmaker still does but then he tends to go for the cheaper watches i.e. up to £1,000 and needing work which of course he does for free !

If you have done your research and have built up a good knowledge of a particular brand or model then Ebay is always worth looking at and I have bought a few watches on Ebay but the margins are not so good but you do have the protection of Paypal !

You may be asking yourself at this point why Im not suggesting you buy from me when you invest in vintage watches .

You are more than welcome to and I offer better than high street prices and supply a warranty and certificate of authenticity but if you want the thrill of the chase and a bit of a hobby then there’s a massive world of vintage watches out there to explore but as ever profit is the reward for risk !

I would also generally steer clear of the more expensive watches i.e. over £5k as at this level they become of interest to the high end fakers ( The Audemars Piguet Royal Oak and Rolex Sub Kermit are very well faked and numerous ) and believe me there are many out there so always buy watches you personally like when you invest in vintage watches as you will build up a knowledge of them and you get to wear your watches and really enjoy your investment.

Im currently writing this blog wearing my Bulova Accutron which I absolutely love wearing , its a nice light watch and has a fascinating technical history. Put it to your ear and it sounds totally unique which is why they are called “hummers”.

I think they are quite undervalued but of course once they stop working repair is not so simple !

The bottom line is that if you like watches and want to invest , watches are a perfect solution . I have 5 classic cars but as much as I love them they do take a lot of maintenance luckily which I do myself but in terms of long term “profit” they don’t work so well.

Watches do !!

WoWadmin April 11th, 2020

Posted In: Second Hand Watches

Tags: Best investment, I love vintage watches, invest in watches, tax free investment, tax free watch investment, vintage watch investment, why invest in watches