Kevin O'Leary on Watch Investments, Secondary Markets, Brand Management & More | Bob's Watches
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- Опубликовано: 7 сен 2024
- You won't want to miss this episode of On the Clock, where Mr. Wonderful himself - Kevin O'Leary - provides his expertise on watch investments. Buy Pre-Owned Rolex: www.bobswatche...
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00:44 Secondary Market Investments
02:53 What Watches Do I Buy?
03:29 Why Are Sports Watches Hotter Than Dress?
04:32 Authenticity
07:33 Brand Supporting the Secondary Market
12:07 Rolex, Brand Management, and Paul Newman Daytona
14:27 Tiffany Patek Philippe Nautilus 5711
17:17 What Would Kevin O’Leary Do if he Owned Rolex/Patek?
Today, we’re discussing watch investments with Paul Altieri and Kevin O’Leary. In this video, we will pick O’Leary’s brain on everything you need to know before you buy a luxury watch, such as authenticity and the secondary market.
Read on or continue watching the video to hear more.
Ready to invest in a used watch? Shop the timepieces mentioned in this video and more here: www.bobswatche...
Kevin O’Leary is one of the world’s foremost investment experts, having established numerous successful businesses since the start of his career.
He’s authored several books on investing and has even tried his hand at politics and television. One of his most recent ventures in front of the camera includes CBC’s Dragon’s Den, where he appeared as one of five venture capitalists.
It became one of CBC’s most-watched shows, leading to the American version, Shark Tank, in 2009.
We’ve very honored to have him join us at Bob’s Watches as our very special guest for this episode of On the Clock.
SECONDARY MARKET
The secondary market is a crucial player in investing in luxury watches. It offers validation that the watches are worth investing in and will continue to appreciate. To add to that, the secondary market also gives collectors a great idea as to what many watches are truly trading hands for.
One such example that made headlines in recent years was the auction of the original Paul Newman Daytona. Selling for millions, that watch established immense value in the brand and benefitted not just Rolex and Daytona owners but the secondary market as a whole.
Some brands support the secondary market, and others do not. Ultimately, the brands that support resellers are doing better because serious investors are increasingly turned off by those who don’t.
Just like cars, some watches will depreciate immediately after you purchase them. It only makes sense, in that case, to shop pre-owned and invest in a watch that will, at the very least, hold its value. In some cases, that means buying pre-owned instead of at retail.
TRUST AUTHENTICITY
Another valid point made during our meeting with Kevin is that there needs to be more education on the secondary market regarding counterfeiters. The market is flooded with fakes so well-made that they trick even the most experienced collectors.
That’s where reputable resellers, such as Bob’s Watches, come in.
How do resellers, such as Paul, authenticate the tricky fake watches to ensure they don’t enter the secondary market and ultimately protect their customers? We employ some of the most knowledgeable watchmakers in the industry.
How can we prevent the market from becoming flooded with even more fakes?
Start at the source and buy from a trusted reseller. Weed out the sketchy sellers to ensure that counterfeited watches never enter the market in the first place.
INVESTMENT vs. BUY WHAT YOU LIKE
Should you purchase something that will be an excellent investment? Or should you buy something you like?
Kevin’s answer is simple, both. It’s possible to buy a watch you like while also making sure your money is working hard for you by choosing a watch that has room to appreciate.
One example that never seems to fail is the Submariner in stainless steel. Even in the last decade, it's proven that it’s a solid investment that we expect will continue to hold its investment potential in the coming years.
PATEK PHILIPPE TIFFANY & CO. DIAL
At the request of Tiffany, Patek Philippe produced a very limited Nautilus, complete with Tiffany’s iconic logo and signature blue hue on the dial. Only 170 pieces were made. The first example hit the auction block for a remarkable $6.5 million. It’s estimated that the remaining 169 pieces are worth millions pre-owned and will sell for scores more than retail.
As a result, Patek’s value has skyrocketed. In fact, their entire 2021 collection is nearly sold out. It’s incredible the impact that the secondary market has on luxury watches.
It will be interesting to see what the exclusive Patek/Tiffany watches trade for once they finally hit the used market. However, it could be quite a while before we see that if we ever do because it appears as though Tiffany & Co. vetted the buyers carefully before selling.
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Kevin, let the man speak !
i don't know when the luxury watch bubble will pop, but I'm anxiously awaiting it.
Don’t hold your breath! The answer is never buddy
I am starting to get the same idea.
You'll die waiting mate.
As the other guys said youll be waiting forever.
Kevin brings up good points about Watch SPECULATING (let's be clear, this is not Investing for the average person). Bob is obviously a solid and experienced secondary dealer. My advice for the ordinary person is to take your time and only buy what you absolutely LOVE. GREAT discussion in this video!
Buy what you love and plan to keep it, however if you need to trade up because of finances then buy watches that hold value and stick with in demand iconic watches.
MR WONDERFUL HIMSELF! 😱 hahaha fellow Canadian! I mean! Viewing watches like stocks is something I can’t relate to! Im too Romantic about watches. But that’s probably why I’m not a millionaire! 😜😂 loved this whole video guys! Fab work, as always! Always a treat when Paul is on! ❤️👏🏻 I totallg agree with Paul - buy what you LOVE! The secondary value doesn’t matter when you love a piece! ❤️✨ buy what you love, life is short.
Gringa!! Thanks for coming by, it is always such a blast having these two talk, can not wait for next time!
The Patek Tiffany winning bid worked out to just over $6.5m but buyer never paid… ended up going for $6.2m to another bidder weeks later.
“A cynic knows the price of everything but the value of nothing” I value my underwear but don’t care about it’s resale value. Put your own value on watches. It’s a piece of jewelry that tells the time. Research your purchases but buy something you love. To me a watch that is stuck in a safe has zero value to me. 99.999% of people should not invest in watches. There is a plethora of good financial investment advice on youtube. The true value of a watch is equal to the enjoyment it gives you. It’s value is totally up to you.
Best free advice every time from O'Leary.
We love Mr. Wonderful😀 Thanks for watching!
Very interesting conversation about brands supporting the secondary market. Really enjoyed this
Thanks for stopping by, we're so glad you enjoyed it!
Kevin you are full of surprises! You can play and you can dance 🕺
If the fakes r getting so good, then does that mean it actually might last fairly well and keep good time? In other words, is it a decently built watch?
New sub, old watch lover and really enjoy Kevin’s commentary... great interview and looking forward to part 2.
Thank you for the support, Arik! We can't wait for part 2 either! Coming soon...😀
Would love a whole podcast episode of him talking watches
I think Kevin's point on secondary market and buying only watches which are validated by it is relevant only for 1% of the customers ... only those 1% of the customers who are "allowed" by the ADs to buy for retail ... the rest 99% people do not have the luxury to do that even though they have the money
I was just going to type that. lol this guy thinks Rolex takes comfort in knowing people like him would only "invest" if the value keeps going up. he's delusional.
Would love to hear O’Leary’s list of those mismanaged brands whose pieces don’t hold up in the secondary. I’ll start:
1. Breitling
Great video! Thanks Paul and Kevin!
We are glad you enjoyed it Arya, and thank you for coming by!
I agree …Rolex bought that Paul Newman at 17m!
Great strategy to pump up Rolex prices.
Fascinating discussion. Would love to know what KOL thinks about the pricing of Richard Mille watches. We he rather buy 10 gold Rolex watches or 1 Richard Mille?
Definitely a great question for Mr. Wonderful, we'll keep it in mind!😀 Thanks for watching!
@@bobswatches I hope you can have him on the show again soon.
Free MBA lessons from Kevin !!
Vintage Gibson guitars are like vintage Rolexes! It retains and increases in value over time.
We love way vintage guitars age as well, beautiful pieces of history!
@@bobswatches I agree 💯%; especially the aging on the 1960 Gibson sunburst. The tone from the aged wood gives a sound that cannot be replicated from newer guitars.
Plenty of grand seikos can be had on the secondary market for a solid discount, often 30-40 percent, but Kevin says he’s buying a lot of them. They’re great watches and the discounts/availability make them even more attractive to me as a buyer/wearer of the product - but that’s totally contradictory to what he says about his standpoint as buying as investments. While I do believe their values will increase as demand grows for the brand and production is still relatively small (for specific models, most likely not all of their bloated catalogue) but that’s pure speculation.
Great content keep up the great work big supporter 💯
Thank you so much for the support! We're glad you liked it!
Actually agree with kevin, esp. Knowing many brands still cost a lot of money, msrp or servicing, despite the horrible resale value.
Great info and insight from Paul & Kevin….interesting, intriguing , investment info….
Keep up the great content! Loving everything
Thanks for tuning in, Christian! We're glad you're enjoying it!
Me just waiting for Kevin to start speaking French
in my language, he would say "collection" as "koleksiong". i guess that must be french.
A-coot-re-muan
Jhe-neu-se-qua
"Who wants to spend 10,000 or 100,000 on a watch and find out it's worth 30% less immediately?" Sorry to say but that's an extremely dumb comment. Did people only start buying watches in 2018 when prices started going up? Weren't 99.9% of watches losing a big % of their price as soon as they left the AD for decades? Weren't most Rolexes and Pateks heavily discounted for years?
My theory: sports watches are big because fashion trends are more casual, so sports watches seem dressy now. I think a lot of guys don’t know that a big stainless steel watch isn’t dressy.
Content is great but the editing is not that great, feels like a lot of the answer were cut shout and then jumps to the next question.
excellent
Thank you so much for watching!
I wonder who Mr. Wonderful was talking about? Lol great video.
This is probably a lost cause, but I think it's a shame that we are advised to "develop a relationship" (i.e., spend a lot of money acquiring things we don't really want) to buy the hot watches at the artificial MSRP. The rich businessmen, celebrities and athletes sport these watches on TV but the rest of the time the watches sit idle in safety deposit boxes.
Great Show !
Where were these views only 6 years back , 99.9% of brands were selling cheaper in the secondary market, who are they fooling 🤔
I get mine right from the ad in vegas
How can you mention Grand Seiko and not Omega?
Because Grand Seiko is 1 of the best brands in the world u get the best value for money with Grand Seiko that's a fact.
Love Mr Wonderful but getting tired of him and the investment angle with watches, not because I agree or disagree with the premise but because we all know he gets watches at MSRP because he’s literally a whale. Every watch he buys gains 40% value minimum when he walks out the door. That’s a lot harder to get for the rest of us.
Kevin....please ...you were too over opiniated and kept over talking Paul..let the man talk.....he is the
Profesdional....
Kevin for a small fee i could intonate that gorgeous flametop so itd ring out true and in tune……
The 500 hundred dollars fake could b hard to detect.... i saw a 1.2k fake.... sadly identical. Totally absolutely identical, in the look, feeling, weight, in the movement, even in the spiral of the movement. Absolutely totally identical to the real deal.
Driver of enthusiasm? Secondary market is damaging their reputation?
👍
For peoples obsessed to show opulence and that they are special I recomend to wear a medieval armour....and they will be special enough....
Watches are not an investment.
Must be Jacob and co hey… lol
Great Guitar but the Player.
FB what is the next Target price 180 anyone can ask THE GANG...
as long as Zuckerberg does not send an apology to Trump in the American it will go lower and lower and lower
What the f are we talking about ? ....about snobs ?
So we want a watch that should keep its value ?....
A watch should be a jewelry piece + having complications !
What is the difference between a Rolex steel just time watch and any other cheap watch ?
Do we need a watch with so many electronis device that we carrying every day ?...and they are shoving the time !
Everyone on the band wagon now days such a shame!! Everyone thinking about making money or investment as they say! Not many ppl going to afford a know brand soon, I used to love watches now I’m put off by the attitudes and ppl making money of it I no longer care for a timepiece! Keep em all not worth what ppl are asking! And the stupid/rich are paying!, when I see ppl with certain watches now I have to laugh inside! It’s like old man in Porsche
teddy > this cringe
Polygon poly-con worst performing coin ever. Pitch it on shark tank!!! Smh shill
Masked gimps in the background
Mr behing the barn....your gibson is out of tune....