Classic timepieces as an investment

uptomyeyeballs

artha wrote: »

Thanks for the laugh:rotfl:. Have you got any more top tips?:beer:

"Avoid spending money on expensive binoculars. Simply stand closer to the item you wish to view".

Wobblydeb

SO glad I found this thread tonight ..... had a right laugh following it

Like a proper money saver, I collect money! Mostly old british and some foreign coins..... I have no idea of their value, but enjoy looking through them and imagining the journey they've had over the years....

uptomyeyeballs

Well managed to get myself sorted at a local authorised dealer today - a nice August 2004 edition of a Rolex GMT II. Haggled a bit and got some money off. It's absolutely immaculate and my new pride and joy :j

malik999

uptomyeyeballs wrote: »

Well managed to get myself sorted at a local authorised dealer today - a nice August 2004 edition of a Rolex GMT II. Haggled a bit and got some money off. It's absolutely immaculate and my new pride and joy :j

I hate mens rings, chains etc so apart from my wedding ring watches are my only accessory. I have 3 nice watches, my Rolex is the Submariner. A lovely watch, hope you enjoy your Rolex.

Sapphire

artha wrote: »

Interesting thread. It's a refreshing first (as far as I can see) on the broader investing theme. Most people on this thread I guess only invest in the traditional themes i'e cash,bonds,equities & property. Perhaps it's time for the sector of physical investments(other than property) to get it's own place. Don't want to be contentious but perhaps physical gold would belong in that category.

For what it's worth I hold quality musical instruments (guitars/mandolins/banjos) as an investment although they never started out in that way as they were the best I could afford at the time and were bought to be played. Since the moves of production from the US to China and Japan many crafstman(but factory) made instruments have become
sought after. As an example I bought a 1937 Gibson Mandolin in Florida in the mid 70's for less than $100. Mandolins of the same type are now fetching in excess of £1000. Not a fantastic return if I choose to sell but at least I've had many years of pleasure from it. At some stage later in life I will no longer be able to play it but could get back a decent returns after a lifetime of use that has earned me money through playing at the same time?

As well as saving, I think it's a really good idea to put money into things you enjoy and hopefully have a following as well, e.g. your hobby, antique glass, Georgian furniture, Oriental textiles, pottery and countless other things.

They can't be taxed like money products, and your enjoyment in them is a huge bonus. If you have a good eye and have done your research well, they can be things that will sell well if you need/want to sell them...