Tag: Glacier 3000

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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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Global warming delays resort opening

I think most skiers know global warming is happening, whatever the reasons for it. The most ominous indication is the retreat of glaciers. Over successive seasons it is easy to see how much glaciers have shrunk at many ski resorts.

In addition something has been going on in recent seasons with early season snow conditions. Whether that is down to factors other than global warming is debatable – it may just be a cyclical thing that will fix itself, but that seems unduly optimistic. Lower resorts must be particularly concerned, especially as they consider the long-term investments they may need to remain competitive with other resorts.

So will 2017 kick off a great early season and buck the trend of recent seasons?

It doesn’t look good. For the first time in 40 years Les Deux Alpes will not open for autumn skiing on its glacier.
4 Vallees opens on 10th November 2017
The London Times quotes Thierry Hugues, the head of the resort’s piste management team, to explain why. “The situation is exceptional,” he is quoted as saying. “Given the low rainfall that we had throughout the year, a very hot summer and a very dry autumn, the glacier does not have enough snow cover to welcome our customers safely.”

Other traditional season openers have, however, opened. In Switzerland Zermatt, Saas-Fee and Engelberg have glacier skiing, recently joined by Diavolezza and Glacier 3000. A number of other Swiss winter sports resorts will open at least some of their slopes in the next few weeks, Andermatt, Arosa-Lenzerheide, Davos-Klosters and Flims/Laax the first weekend of November, the 4 Vallees the following weekend and a whole clutch of other resorts before the end of the month.

Unless global warming or other weather-related conditions intervene.

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Ski Maps of Switzerland

Piste maps are fine, but they rarely give enough information for the more adventurous skier or snowboarder. Increasingly freeride areas are shown on piste maps, but the more adventurous freeride areas don’t figure. Which is a shame, because there are many relatively safe freeride areas away from the main pistes that can be undertaken without a guide. The Gemsstock and the Laub (off Titlis) are two of the best examples you can explore without donning skins or snowshoes you’d bring from shoe hero. Whilst the pistes go one way in Zinal, Verbier, Glacier 3000, Lenzerheide and many other resorts, you just need a little local information to flip off the other side of the mountain and experience untracked snow.

So where do you go for more information if you don’t speak the language well?

Although the best guides for ski or snowboard touring and freeriding Switzerland are in German, there are two map series that show all the information you need to plan a route with English annotations. One is produced by Freeride Maps at 1:25,000 and the other is  the Federal Office of Topography Ski Tour map Series 1:50,000 series (for which a separate, free English-language list of the conventions used is available). Both are good, but expensive at about SFr 25 or so for each map.

I had hoped that the Atlas of Switzerland would provide this information but it doesn’t, and the user interface is not intuitive, the documentation is poor,  it only works down to 1:100,00 and includes relatively little useful information for the winter sports enthusiast (although you can figure out slope inclines). Nice idea, not so well executed. And I can’t reproduce the rather neat 3D images you CAN produce with it because the copyright restrictions are pretty Neanderthal.

If you use a GPS there are some great tools for you. Garmin have about 100 resorts in Switzerland mapped, although off-piste is not addressed. Don’t knock Google Maps, either. It has some useful information including the locations of most significant lifts. BTW Switzerland insists on using it’s own mapping system, the Swiss coordinate system (or Swiss grid) is different from the usual latitude/longitude system used elsewhere.

Finally, a disclaimer. Go off-piste only with a guide if you are not an experienced freerider. The mountains are indifferent.

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