Just made my first gain from a fine watch sale.
One year ago I purchased a ca. 30 year old gold day/date Rolex for 7,000 euros. Sold it for 8,500 euros last week. 21% gain in a year. No holding costs although I did have the pleasure of its utility for a year.
This was dumb luck.
With these winnings I just purchased two Patek Philippe time pieces worth approximately 75,000 euros. Brings my total collection to around AUD$150,000. Four are Patek Philippe and one ladies white gold/diamond rolex.
I'm banking on a doubling in value in about 10 years with very little holding costs.
Anyone trying this out?
One year ago I purchased a ca. 30 year old gold day/date Rolex for 7,000 euros. Sold it for 8,500 euros last week. 21% gain in a year. No holding costs although I did have the pleasure of its utility for a year.
This was dumb luck.
With these winnings I just purchased two Patek Philippe time pieces worth approximately 75,000 euros. Brings my total collection to around AUD$150,000. Four are Patek Philippe and one ladies white gold/diamond rolex.
I'm banking on a doubling in value in about 10 years with very little holding costs.
Anyone trying this out?