The key differences between the two assets is that luxury watch prices are less volatile while their returns, in general, are superior over the long term. “Locally, luxury watch prices have been pretty stable and there hasn’t been much volatility during the coronavirus outbreak. In foreign markets, the prices of the most desired luxury watch models fluctuated about 4% to 5%, according to global online watch trading marketplace Chrono24. Knight Frank’s Wealth Report 2020 shows that the returns of luxury watches were not the best among its peers. That is why Patek Philippe came out with its slogan: You never actually own a Patek Philippe.

Source: The Edge Markets September 01, 2020 03:33 UTC