The financial uncertainty left by the Corona pandemic caused more investors to buy used and expensive luxury goods, the value of which showed solidity in the face of crises, and investment in them became safe, such as government bonds and deposits, and more profitable than gold and real estate.
The value of the second-hand luxury goods market - especially watches and jewelry - is about $ 24 billion worldwide, and it grows by 8% annually, which is faster than the luxury industry in general, other than the ease of marketing it on social media by telling a heritage story that highlights the value of the "used piece". From antique watches, classic cars, artwork and even handbags;
Therefore, here are the best pieces that add elegance and richness at the same time.
Bag lovers
Women don't just buy luxury leather bags for love;
Even the purchase of a luxury bag guarantees a profit margin for it as well, when it is resold after years.
Investing in luxury bags in recent years has become more profitable than buying real estate, according to a 2016 study conducted by the "Bag hunter" website, which specializes in selling used luxury bags.
The prices of "Hermes Birkin" and "Chanel" bags have increased by 70% in 35 years, and an annual increase of 14%.
The statistics compared between investing in gold and luxury bags during the same period. In addition to the high returns on investment in bags, there were other positives, such as the ability of its owner to earn a profitable return regardless of when he decided to earn, and this makes it one of the least risky investments.
It didn't stop there, as Hermes Birkin bags proved to be the most resilient investment in the face of the coronavirus pandemic, when revenue jumped to a record 44%, and a used bag hit another record at $626,000.
And if you want to prove how serious that market is, there is nothing more surprising than Chanel suing RealReal to stop reselling its bags, as Burberry, Gucci and Stella McCartney announced with the same site. To make more profit from resales, Cartier showcases iconic and heritage second-hand products alongside new, upscale pieces.
Birkin bag with traditional design takes you to the world of the rich in a few years (networking sites)
Handwatch
Most of us wear watches only as an aid to tell the time, but some people buy several watches to reap huge profits from them.
More importantly, vintage watches almost dominate watch sales versus new ones, which is exclusive to that market;
While the average annual sales of the 32 largest watch companies exceeded $2 billion in 2018, the used watch market generated $25 billion in gains.
In a report published by "Businessinsider", the old high-end watches achieved a 27% increase in profits during the year 2020 compared to the previous year, due to the spread of the epidemic.
Watch experts recommended the best offers for investment enthusiasts. Rolex, Patek Philippe, Audemars Piguet and Richard Miller were the winners of these auctions.
For this reason, the demand for them increases and their prices increase over time.
Hermes Birkin Bags Proved to be the Most Resilient Investment in the Face of the Coronavirus Pandemic (Pixabay)
Don't forget the jewelry
An increase in the price of a piece of jewelry when purchased does not mean a guarantee of future profit;
To invest safely in jewelry, look for funky, century-old pieces, preferably studded with diamonds or precious gemstones.
ELLE magazine presented the most important and exceptional pieces of investment, and the classic solitaire ring presented by Tiffany & Company in 1886 won the first place, then the "love bracelet" by Cartier, produced in 1969, which Kylie Jenner recently bragged about wearing.
Owning an antiqued natural saltwater pearl earring or bracelet will guarantee you stunning elegance and immense wealth (Pixabe)
Some women think that the trend of adorning with pearls is outdated, but if the piece was produced by "Mikimo", it is an unrepeatable piece;
Mikimo Kokichi is credited with first fusing pearls with precious metals in the 1890s.
And speaking of pearls, you may find what you are looking for in natural saltwater pearl jewelry;
Because out of every 10,000 oysters, one pearl comes out suitable for the jewelry industry, a task that companies have not been doing for 100 years, due to the extinction of the pearl diving profession because of its danger. Van Cleef is astonishing elegance and sheer opulence.