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Beginner’s Guide – The Best Watches To Invest In

Luxury watch collectors often refer to the watches they buy as an investment. But how much of an investment can luxury watches be?

Thankfully, Global Boutique can help. This article will explore the benefits of buying an investment watch and the best watch brands to look for.

Keep reading to learn how to start investing in luxury watches and discover our top 5 watches to get you started.-

Why Invest In Luxury Watches

Choosing how to invest money can be challenging. Investing in property or the stock market can yield impressive results, but there is a significant risk factor.

An investment in a luxury watch is much less risky. It is closer to an investment in raw materials like gold or other precious metals. Not only is the watch typically made from these precious materials, but it often holds its value. This can rise at a higher rate than the raw materials themselves. Read from about the most popular replica rolex.

Like investing in whisky, watch investments give the owner a tangible asset. The value of this can increase over time due to rarity or reputation.

The price development of an investment watch will be dependent on the condition of the watch and how many were made.

Watches (in the UK) are also exempt from the capital gains tax. The tax-free aspect of luxury watch investments is particularly appealing.

Audemars Piguet Royal Oak stainless steel with a diamond bezel

Watches can be a great way to diversify an investment portfolio. You won’t have all your eggs in one basket and the saleability of some luxury watch brands makes this a more liquid asset.

Finally, a tangible asset like a luxury watch is akin to investing in fine art. You will appreciate the craftsmanship that has gone into creating them and they won’t deteriorate when properly looked after. A watch that has matured with age can be a fine asset to pass down the family line.

The Pre-Owned Watch Market

The pre-owned watch market has steadily grown over time. This is because reputable sellers provide collectors with a safe way to invest in discontinued or rare pre-owned luxury watches.

Significant global events including COVID and the war in Ukraine have had a significant impact on the watch market as a whole. This has had a knock-on effect on the pre-owned watch market.

As with any market, there will be fluctuations. The impact of trade limitations in Eastern Europe and production and distribution issues due to COVID have seen a slight dip in the market. However, this could be good news for those looking to invest.

Is now a good time to invest in a luxury watch?

Knowing when to buy and sell is key to a good investment and the pre-owned luxury watch market is currently a buyers’ market.

For example, the 5711 and 5712 Patek Philippe was trading for around £150k at their peak. These models (at the time of writing) are available for just £90k and £95k.

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Pyeongchang Winter Olympics 2018

If Socchi left a bitter aftertaste, the Pyeongchang winter Olympics represents a wholly different games. Pyeongchang beat Munich, Germany, and Annecy, France, to host the games, and it promises a lot. With the $2.4 billion budget, rivalry with the North (who will be competing) and the first Olympics on the Korean Peninsula this will surely be a successful event, at least from a news media perspective.

The games run from the opening ceremony on the 9th February through to the close on the 25th, with fifteen sports on display. The sports are (with medal races in brackets): Alpine skiing (11), biathlon (11), bobsleigh (3), cross-country skiing (12), curling (3), figure skating (5), freestyle skiing (10), ice hockey (2), luge (4), Nordic combined (3), short track speed skating (8), skeleton (2), ski jumping (4), snowboarding (10), speed skating (14). Four new disciplines in existing sports will be introduced this year, namely big air snowboarding, mixed doubles curling, mass start speed skating, and mixed team alpine skiing.

The Paralymics follow from 9th to 18th March, with six sports in competition.

Korea is nine hours ahead of the UK, so a lot of the action will happen overnight or in the mornings, UK time. Eurosport and the BBC have got the rights to broadcast the games, so Ski Sunday should be well worth catching both on live TV and the red button, and hopefully there will be good coverage on the BBC’s Breakfast TV. Expect blanket coverage on Eurosport.

From a UK perspective there are a few competitors to watch out for. This will be the largest British winter Olympics team ever, and expectations are high. In Slalom, Dave Rydling must fancy his chances, whilst in the female slalom both Alex Tilley and Charlie Guest should put in a respectable run or two. In the Freestyle Ski competitions Lloyd Wallace competes in the Aerials and Emily Sarsfield in Ski Cross. James Woods, Katie Summerhayes, James Machon, Rowan Cheshire and Izzy Atkins compete in the Park and Pipe, with Woodsy looking the best bet for a medal. In the snowboard Park and Pipe Katie Omerod is the best medal prospect, but also competing will be Jamie Nicholls, Billy Morgan and Aimee Fuller. In Cross-country the Scots Andrew Musgrave and Andrew Young will be representing Team GB. The speed skater Elise Christie and the reigning Olympic skeleton champion Lizzy Yarnold will be looking for medal positions. And, of course, there is the wonderful women’s curling team!

The hugely successful US team also has its largest, and most diverse, contingent ever – indeed the largest from any nation ever with 135 men and 107 women. Alpine downhill stars Lindsey Vonn and Mikaela Shiffrin will be leading the medal charge. Teenage snowboarder Chloe Kim is one of team USA’s strongest medal contenders but will also attract attention as she is from a native Korean-speaking family.

Canada and Norway are likely to be competing with the USA to achieve the biggest medal haul. Norway’s Aksel Lund Svindal and Henrik Kristoffersen will be amongst the favourites in the Blue Riband event, the men’s downhill. Traditionally Germany has done well across all disciplines and the Netherlands bags a few golds due to the nation’s strength in speed skating.

The Swiss and Austrians, perennial rivals, will be competing to get more medals than each other. They normally get around five Golds each. The Swiss will be looking to Beat Feuz in the downhill to continue his good form this season, and Lara Gut is looking like she could recover some of her best form. Medals for Switzerland are also likely in freestyle, snowboarding, cross-country and curling. Marcel Hirscher will lead Austria’s downhill charge.

Although clean Russian athletes will be allowed to compete as individuals, following the state-sponsored doping in Socchi, Russian government officials are banned from attending the Games, and neither the country’s flag nor its anthem will be allowed.

At the more esoteric end of the scale, Nigeria will be competing in bobsleigh and Jamaica in ice hockey.

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The mystery of the missing Swiss couple

The mystery of a missing Swiss couple seems to have been solved. Or has it? The Guardian reported it as follows:

The frozen bodies of a Swiss couple who went missing 75 years ago in the Alps have been found on a shrinking glacier, Swiss media said.

Marcelin and Francine Dumoulin, the parents of seven children, had gone to milk their cows in a meadow above Chandolin in the Valais canton on 15 August 1942.

“We spent our whole lives looking for them, without stopping. We thought that we could give them the funeral they deserved one day,” their youngest daughter, Marceline Udry-Dumoulin, 75, told the Lausanne daily Le Matin.

“I can say that after 75 years of waiting this news gives me a deep sense of calm.”

Valais cantonal police said two bodies bearing identity papers had been discovered last week by a worker on Tsanfleuron glacier near a ski lift above Les Diablerets resort at an altitude of 2,615 metres (8,600ft).

The Guardian conveniently posts a picture of the Swiss ski resort, Chandolin:

A truly tragic mystery finally solved. But wait a minute…

Apparently they went for a walk from the ski resort Chandolin in Valais and were found above Les Diablerets near the Glacier3000 ski resort. Now Wikipedia tells me that is a 25 hour hike, mostly along the Rhone valley (which would need to be crossed). Why would the couple have walked so far?

The answer is rather prosaic. They didn’t head out from the village of Chandolin in Val D’Anniviers, but the village of Chandolin-près-Savièse, just above Sion and opposite Nendaz. A minor oversight by all the English-speaking newspapers who either didn’t bother to check the location or didn’t care, but it would have confused anyone who knew the better known ski resort of Chandolin (together with St-Luc, making up one of my favourite ski areas).

Why would the couple, make the significant ascent to the glacier, some 2615m high? Many newspapers reported that Marcelin and Francine Dumoulin had vanished after going to milk their cows in a meadow above their home. Whilst the glacier lies in the same municipality, Savièse, it doesn’t explain how they ended up on the glacier. Cows don’t graze on or anywhere near glaciers.

The Local, an English-language Swiss-based news web site, offers an explanation:

Dumoulin, then 40, and his 37-year-old wife had left their home that morning hoping to check on their cattle, which were being kept in an alpine pasture in neighbouring Bern canton.

The fastest route at the time was via a glacier footpath. The sky was clear when the couple set out, but clouds later worsened visibility and the couple vanished, likely after falling into a crevasse, orphaning five sons and two daughters. Shrinking glaciers are slowly uncovering the bodies of several hundred people known to have disappeared on or near glaciers in the Alps, many after tumbling down a crevasse.

“I saw them leave that Saturday morning,” recalled Monique Gautschy, one of the surviving children who was 11 years old at the time. “They were supposed to spend the night in the alpine pasture at Grilden and come back on Sunday.”

After two months of fruitless searching for the couple, the seven children, then aged 2 to 13, were placed in foster care.

Apparently Madame Dumoulin was making the trip with her husband for the first time. She was reportedly almost always pregnant or nursing. With seven children at home, one assumes they got little privacy. Perhaps the explanation for their joint ascent and planned overnight stop was a romantic encounter under the stars?

We shall never know.

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Switzerland is the cheapest place to ski!

It’s official! The Tesco Bank says Switzerland is the cheapest place to ski!

Well it’s not quite as straight-forward as that. Tesco Bank released their annual Ski Index yesterday. This usefully helps people find the best value skiing worldwide, based on kilometres of piste per pound, i.e. the approach is to divide the length of piste by the lift pass price to give a measure of value for money.

Not surprisingly, given Brexit’s impact on Sterling, the price of skiing has risen dramatically in most places. Bulgaria, despite still being relatively cheap, has increased in price by two thirds since last year. The USA and Canada have increases in prices of around a quarter. Andorra is at the lower end of the scale, with a price increase of only 11%. Argentina is actually 11% cheaper than last year, although you will have to wait a while before their next winter season.

Despite the price hikes, another study from Tesco Bank found that more than a third of people are still considering a ski holiday this year. The research found that 42% of those surveyed would choose a skiing holiday in Switzerland, a seemingly wise move as four of the top 10 best value ski resorts in the world (Champéry, Les Crosets, Champoussin and Veysonnaz) are based in Switzerland. Additionally Swiss prices have only risen by a modest 15% since last year, and many Swiss resorts are offering a range of sweeteners. For example, the top two resorts in the Index – both Swiss – have reduced their prices this year.

The list of the top ten Ski resorts with the best value skiing from The Tesco Bank Ski Index are as follows:
Tesco bank Cheapest Ski resorts

So why are Tesco interested in skiing? Search me, but they do offer a couple of nice incentives of interest to potential skiers and snowboarders. Eligible Tesco Bank Premium Credit Card customers receive family travel insurance including winter sports cover as part of the card’s benefit package. New Premium Credit Card customers will also be offered 0% interest on purchases for 6 months, which could be used to help spread the cost of a ski holiday. For more information on the Tesco Bank Ski Index, please visit www.tescobank.com/ski.

And here’s a cool video the folk from Tesco have brought us for our pleasure and anticipation of the new ski season…