The Investment History Of The Luxury Timepiece Industry
The history of the timepiece is nearly as old as time itself. Since the beginning of intellectual thought anyhow. As soon as societies began to form, communities started inventing ways to keep track of time, and make sense of the ball of fire that rose and fell from the sky each day. Sundials were the earliest of these inventions that kept time, and even these were quickly divided into tiers. Hence beginning the history of the luxury timepiece.
These early-age decorative sundials could be found in palaces, castles, and the dwellings of the elite throughout the eastern hemisphere. However, the practice of keeping time swiftly evolved with more iterations of an early clock leading to the water clock, and eventually the first mechanical clock that arose in the early 18th century.
The Industrial Revolution Brings the First Wearable Timepiece
As the industrial revolution raged forward, so did technology. From the steam engine, to railroads, and the all-powerful assembly line – the industrial revolution changed the shape of business forever.
With these leaps and bounds in technology, it became increasingly important to be able to keep time, and have a universal way of doing it. This brought upon wearable timepieces that aristocrats and the elite could slip into their waistcoats, now commonly referred to as pocket watches.
These new and slender wearable timepieces were reserved for the elite, and some of the most elaborate were jeweled with priceless gems that have made them both pieces of history, and works of art. It was shortly after this that the “dollar-watch” came about, making timepieces more accessible to the common person.
In addition, with the railroad system beginning to span the entire country, it was only practical that cities throughout the country wanted to standardize timekeeping to assure that trains weren’t missed, and other oversights that can happen without standard timekeeping.
Timepiece Investing Through History
Timepiece investing from a financial perspective is a relatively new practice, as many of the traditional means of timepiece investing are more collector-oriented.
This mainly has an affect on the approach and perspective with which the financer is approaching their investment. For a collector, there is going to be more value placed on holding the assets, allowing them to appreciate, and chasing some of the more rare or historically significant pieces. On the other hand, a financial-motivated timepiece investor will be more interested in the stability, and year-after-year return that’s achievable.
Due to the demographic that high-end timepieces are most appealing, and their tangible value, timepieces are similar to precious metals as they maintain their value over long periods of time, and can offer investors strong returns.
Invest with LuxeStreet
While the investment history of the luxury timepiece is relatively young, it is a bustling industry that has loads of opportunity for those looking to diversify into tangible investments that hold their value and offer strong year-after-year returns.
LuxeStreet offers the LS Income financial product, providing investors the opportunity to invest in some of the most elite watch brands on the market that appeal to a strong demographic that’s often unaffected by temporary recessions or depressions in the economy. LS Income offers investors an annual return of 12% on their investment that gets distributed monthly.
For investors with extra investment capital, investing in luxury timepieces can bring diversity and marketplace resilience to your portfolio, protecting you from volatile dips in the market, and maintaining the worth of your portfolio.
Visit LS Income today to get in touch with a finance professional and learn more about how an investment in luxury timepieces can supplement and strengthen your investment portfolio.