A guy bought a pre-owned Audemars Piguet stainless-steel watch for $20,000 and sold it for $50,000. He argues Audemars are rarer than Rolex and can be solid investments if you understand the market.
Questions this video answers
$20,000
$50,000
Tripled (3×)
So you tripled your money on a watch?
Tripled my money on a watch. Pre owned Audemars stainless steel for $50,000 and I paid 20,000 on that.
Most people. That's more expensive than most people's cars. Are watches a good investment?
Yeah, I believe it is, yeah. If you can invest in a watch, I think you should. I had my first $20,000 and I really loved Audemars. Everybody has a Rolex. I mean, you see everybody, everybody's wearing a Rolex. I mean, no offense to anybody, but not many people are wearing Audemars.
And if you know, you know, right?
And if you know, you know. So I told my wife, listen, I don't like to wear what everybody's wearing. The first opportunity I could, I went out on and it actually turned out to be a great investment.