Chrono24
Luxury Watches as an Investment Commodity?: Chrono24 Tips Off Timepieces that Perform Better than Top Stocks
Luxury Watches as an Investment Commodity?: Chrono24 Tips Off Timepieces that Perform Better than Top Stocks Karlsruhe, Germany (September 30, 2021): Consumer inflation is higher than it has been in the past decade. According to J.P. Morgan Asset Management, alternative forms of investment continue to gain acceptance, and the world’s leading online marketplace for luxury watches, Chrono24, contends that it is trading one of these commodities. The luxury watch sales platform just received ‘unicorn status’ with its August 2021 round of funding led by General Atlantic and the technology arm of the family office of LVMH founder, Bernard Arnault. Chrono24 is being used more and more to buy and sell investment watches – in the first few months of the COVID-19 crisis alone, requests for luxury watches by investment-motivated shoppers increased by 40%. For watch lovers and investors, their own collections often become something of a personal investment portfolio with added value in their timepiece’s liquidity. Some models have long been considered blue chips or even set records. “Luxury watches have several attractive features. In addition to the emotion associated with such a work of art, selected models also have a stable value or increase in value. With these models, however, the volatility inherent in the stock market is hardly present – they increase in value steadily, and under certain conditions some watches can even increase in value in a very short period of time, “describes Tim Stracke, Co-CEO of the global luxury watch marketplace Chrono24. Virtual Watch Portfolio Watch Collection with Rolex beats Apple Well-known discontinued models see sharp increases in value Investments in watches can also be worthwhile for smaller budgets: watch models such as the recently discontinued Omega Speedmaster with hand-wound movement from Lemania have also seen a significant increase in value. “As with all other forms of investment, a certain amount of prior knowledge, common sense and a feeling for trends and developments help for a successful investment strategy in watches. Similar to the stock market, the watch market also follows its rules: if a manufacturer announces changes to its model portfolio or if such rumors arise from specialist circles, one should listen carefully, “says Stracke. Boasting its extensive security mechanisms, Chrono24 occupies the leading position internationally, offering a welcoming path to entry for both aspiring and experienced collectors and investors.
www.chrono24.com End of Media Release Issuer: Chrono24 Key word(s): Enterprise
30.09.2021 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Chrono24 |
Haid-und-Neu-Str. 18 | |
76131 Karlsruhe | |
Germany | |
Internet: | www.chrono24.com |
EQS News ID: | 1237126 |
End of News | DGAP Media |