Classic watches on finance
According to private bank Coutts, who have introduced an index to measure the performance of passion assets, collectible watches have risen in value by 176% between 2005 and 2013. This puts them well ahead of jewellery (at 146%) and art, but a long way off the incredible performance of the collector car market, which rose by 257% over the same period.
Collectible watches range from modern limited edition models to older, rarer timepieces. They’re easy to keep and maintain and crucially don’t take up a lot of room, so rather like classic motorcycles, they’re ideal for hoarders. We have funded a number of Rolex and Patek Phillipe models recently and the general rules for funding an asset of this type prevail – we require a sensible deposit, and the watch shouldn’t be of the disposable variety…..
If you are interested in financing a classic watch, please get in touch. It’s a great way of adding to your collection, and many of our customers are now taking advantage of the collectible markets to acquire assets they can enjoy now and hopefully will appreciate over the long term.
Image credit: Ferengi/ Wikimedia Commons