Brutal Honesty - How Used Watches Lose Value

What do the Omega Speedmaster, the Jaeger LeCoultre Reverso, and the Patek Philippe Calatrava have in common? All of them depreciate. This isn't to say there's no retained value, but watches generally lose value on secondary markets. If you're not obsessed with Submariners, Nautilus 5711s, or the AP Royal Oak, there are incredible luxury watch bargains to be had in the used watch marketplace. Tonight, Tim Mosso and Josh Thanos discuss watches that lose value - and how to use that when building your watch collection. The Omega Speedmaster Professional Moonwatch is an icon. It's also mass produced and has been for decades. When a Speedmaster Professional "sapphire sandwich" retails for $9,000, you can be certain that lightly used examples can be found for $6,000-$7,000. This is true even when the Omega Speedmaster in question is equipped with a full bracelet and intact with its complete set of boxes and papers. There's nothing wrong with the watch - NASA trusts it for space flight - but watches made by the hundreds of thousands offer more value in fun, memories, and good times than as investments. And let's be clear; watches are not investments. For every F.P. Journe auction record and every Chronometre Bleu waiting list, there's a Laurent Ferrier of comparable or better quality beckoning to be bought for cents on the dollar. Consider the Audemars Piguet Royal Oak Jumbo; many will try and fail to get an allocation. But if you want an AP with true holy trinity cachet, complic