The auction price has reached a new high, but in fact 95% of the watches are not worth the value?

With the fate of Sotheby’s and Christie’s autumn auctions, the watch auction record reached a new high. Patek Philippe renewed the highest value of the Asian watch auction with a high price of about 20.75 million yuan, and once again won the “watch king”. For a time, whether the watch can appreciate has become a hot topic. So, is the watch suitable for investment and bring appreciation? What kind of watch can get the favor of the auction house to bring in profits? Today, let's talk about the topic of watch appreciation. 95% of watches don't hold value! I have consulted a professional with many years of sales experience to ask about the value of the watch. I did not expect that the answer is that 95% of the watches are not worthwhile! Because the watch itself is a daily necessities for wearing, it is different from pure art that is only used for appreciation such as painting, calligraphy, and sculpture. Therefore, as the usage time increases, it will inevitably depreciate rapidly under normal circumstances. Just like all the newly bought goods, as long as the label is torn off, it will become a second-hand goods and a lot of discounts. Some people may ask, what is the Rolex water ghost is not the second-hand price is more than the public price, but also a hard to find? First of all, second-hand prices are rising and rising year after year, but only if the price at the time of the purchase is not so high now, coupled with the depreciation of the currency and inflation, it seems that the price has increased, but Count the time and inflation depreciation. In addition, for a case where it is difficult to find a case, there is no public price, not a tying, or a fare increase, and no one has yet. Let's say that Rolex's "water ghost" itself belongs to 5% of the auction house. Therefore, it is recommended that you buy a watch or not because of your own love, do not think about investment, because its return on investment is definitely not as good as real estate speculation, or even as stocks. And because of the love, there may be unexpected gains. For example, Hong Kong Sotheby's Spring Auction has produced a set of high-priced Swatch, and everyone knows that Swatch does not have the value of appreciation.