An analog watch’s functional value over the past decade or so has diminished to a level where it has been completely relegated to being a fashion accessory. Especially when you consider that the latest smartwatches pack a remarkable number of features on top of all the functions one would find in a top-end digital watch just a few years back, let alone analog watches. However, this transition has had a very effect on the watchmaking business, which can also be seen in the automotive industry. As the world transitions towards electric cars, there has been a greater focus on creating some of the best gas-powered machines pushing the envelope to the absolute ragged edge of engineering. The last hurrah! The horology world has also been on the same path. But that?s not where the similarity between automobiles and watches ends. There?s a greater urge to preserve the celebrated names from the past and save them from being passed into oblivion. Over the last few decades, the collectors market for classic cars has exploded, and now the prices for sought-after mechanical watches started to shoot up.
Moneymakers are always in the pursuit of finding the next investment opportunity. Real estate is dead, and cryptocurrency has also run out of steam. To complicate things, the Coronavirus pandemic has upended conventional investment strategies. But will investment in mechanical watches be the next big thing" Well, if the data from the last few years are to be analyzed, ther...