On this video, I'm gonna be going over what luxury watches are safe buys in today's market.
Our sponsor for this video is Temple of Dream.
For a chance to win a Rolex with as little as $40, click on the link below and enter
one of their prize competitions.
Limited tickets are available.
[opening music]
So it's not secret or surprise that in 2019 the watch market has taken a heavy, heavy
lift and prices have gone a little bit out of control.
I did an earlier video, maybe about a month ago on how the prices have declined, so some
people have been asking me and emailing, which watches are safe to buy.
So I wanna go over a couple of genres or models, will say, that relatively have been unaffected
in this whole craze and are overall safe buys.
So the first one is Rolex in two-tone has pretty much stayed stable throughout this
whole bubble in the market.
The Datejust in 41 millimeter has been pretty much unaffected.
Prices rose very little earlier in the year, but overall has stayed stable.
The Yacht-Master two-tone, Yacht-Master II, same thing, been unaffected, the price has
nearly has not changed in the last three years.
So both of these, for example, are safe buys in today's market.
You could buy it and not worry about it.
If you're looking to buy a watch right now that's gonna rise and increase in price, highly
doubt it.
Buy it because you like it.
Buy it because is a safe buy.
Another safe buy in today's market market is the AP 42mm Offshore.
It's been virtually untouched as well.
These watches have been selling anywhere from $15,000 to $16,000 for the last four years.
Prices have not even been affected with the whole change in this last twelve months in
the watch market.
So if you're looking again to buy something that holds value that you're getting a great
price and a discount from retail, the 42 millimeter Offshore, whether it's a Navy, a Safari, a
Volcano, a Black Theme, so on and so forth, are also great buys.
So last but not least for me would be the Rolex Presidential.
I mean, I just can't think of any other watch that's more stable, period, overall than the
Presidential.
It doesn't matter whether you're buying a 40 mm or a discontinued Day-Date II 41 also,
or even the 36 millimeter, they are stable.
They don't really move and they are not affected.
You see, the Day-Date II has been rising the last four years, but it has not had a kick
and it won't have a kick in the market.
These are all safe buys in today's market.
The only time when I would say it, any of these watches that I mentioned, are not safe
buys is if you're paying full retail.
I mean, if you wanna go ahead and pay full retail, technically you are OK, but if you
wanna have minimal loss in your purchase, you're gonna go pre-owned and you're gonna
have a stable purchase throughout the life of owning these watches.
So keep this in mind, the watch market in general is pretty stable when you compare
it to other hobbies or other assets, which are just as expensive and devalue just as
much or even way more.
But if you're looking to buy some watches right now that you're gonna have for a little
while and you know...people are calling me all the time and saying, “Hey Eric, should
I buy one of these Hulks right now at $15,000?”
I mean, honestly I don't know what to tell them, you know?
The market price right now for a Hulk is $15,000.
Will it stay there?
I don't know.
I mean, I wish I had a crystal ball.
I would have bought all of them five years ago when they were going for six to seven
thousand dollars.
But overall just safe buys, as I mentioned before, Rolex two-tones and the Yacht-Master
II for example and the Datejust, pretty strong, no affect in the market.
AP 42mm, historically those watches haven't even changed as opposed to their little brother,
the Royal Oaks, where those took a skyrocket.
They went from $12,000 all the way from $22,000.
You see, I don't know if I feel comfortable paying $22,000 for a Royal Oak 41 self-winding,
but the Presidential overall is that one watch that for me, it doesn't matter if you're buying
a 1992 or a 2020, stable in the market, if you buy it at a discount, pre-owned, so on
and so forth,
So keep in mind that this video could be an hour and a half long and we could go over
hundreds of watches that can technically be safe buys.
I'm really just trying to point out which are the most popular watches that sell the
most often.
I do sell watches for a living, so I do know what people ask for, that are the safe buys.
Yes, there are some pre-owned Panerais and some preowned watches out there that you could
buy, some pre-owned Tag Heuers, stuff like that when you can get good deals and they're
relatively safe, but I'm talking more about the higher end, more popular demand watches
are safe.
So feel free to comment below if there's any watches that you feel might be safe in today's
market.
And don't forget to hit the notifications bell until it looks like this or otherwise,
you're not gonna be seeing the latest videos.
And if you liked this video, please like and share.
Also, subscribe to our channel.
My name is Eric.
This is Watch Your Style!