an Influential Male...is a well dressed man who carries himself with confidence stands out and gets noticed no matter his XL size...

Friday, April 30, 2010

Do You Know What Time It Is ?

There may be Gloom in Bloomberg but the Watch (timepiece) market is up .....who would have ever thought that valuable stocks were right within arms reach (on your wrist). Many watch enthusiast have found lotto winnings with their watch collections....but hold on before rushing out to cash in on your Fossil or Timex. The return is only for the old and famous timepieces. Only the BEST watches increase in value over time. Here's how to tell the difference between the collectible and the merely expensive...

RESALES AT AUCTION
"To invest in watches you either buy vintage or you buy incredibly rare and special pieces, "says Adam Lindermann, New York-based collector and principal shareholder in Ikepod, Swissmaker of timepieces designed by Marc Newson. Over the past 4-5 years resale of various vintage watches have skyrocketed at auctions. Such vintage pieces as Paul Newman, Steve McQueen, James Bond all nicknamed after film stars... The recession may have hit on Wallstreet but others have had Luxe luck in the resale of their timepieces... "We had clients tell us, I am not earning any money in the bank, so I'd rather put it into something I can wear, enjoy and that's holding its value, " says Sam Hines, a Christie's vice-president and head of watches in New York.

LOWER-PRICED OPPORTUNITIES
Although you may need a discretionary income to collect watches, it is not absolute necessary nor a prerequisite to be a Saudi prince or Russian oligarch...many timepieces have been valued or moderately priced in the $50,000 from such designers as Patek's dated from the 40's and 50's. They have not only retained value but have sold for very good profit...no offense to the ladies but value has only be noted to collect on men timepieces as women watches are seen as jewelry. Tips for investing wisely for a smarter return: remember to make sure that the timepieces are produced by one of the top brands and are extremely complex mechanically and limited in number. So next TIME you are in the market to invest some of your hard earned cash consider indulging in some wrist candy...

Because TIME will tell of a Influential Male....

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