Stop Thinking Your Expensive Watch Is An Investment, Says Rolex Boss

A Rolex Daytona.Jordan Hart/BIIt's a bad idea to view luxury watches like they're investments, the CEO of Rolex said."This sends the wrong message and is dangerous," Jean-Frédéric Dufour told NZZ last week.Secondhand watch prices have tumbled since the Federal Reserve started raising interest rates.If you think an expensive watch is akin to an investment that can offer stock market-style returns, you're doing it all wrong — according to the CEO of Rolex at least.

BING NEWS:
  • Prison time for Rolex rippers behind violent watch robberies
    Two men have been jailed following a string of violent watch robberies in central London. 22-year-old Nizar Msaad and 26-year-old Shaquille Allen were both sentenced to 40 months’ imprisonment at Wood ...
    05/20/2024 - 4:02 am | View Link
  • ‘What Was I Thinking?’ The Big-Ticket Items People Regret
    People spend a lot of money on all sorts of things, only to later ask themselves: “What was I thinking?” ...
    05/19/2024 - 2:00 am | View Link
  • Stop thinking your expensive watch is an investment, says Rolex boss
    If you think an expensive watch is akin to an investment that can offer stock market-style returns, you're doing it all wrong — according to the CEO of Rolex at least. "I don't like it when ...
    04/17/2024 - 1:15 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News