The Luxury Investor

Photo by Millenary Watches on Unsplash In Rejecting the Luxury of Hobbies I talked about the “investor” types of people. The people that seem to feel that participating in a hobby based around collecting should not affect their bottom line. Well, here we are, just a couple of days later, and one of these “collectors” just showed up in my YouTube with his latest video: Affordable Watches Lose You Money. Here's Why. It didn't take long for me to understand the premise he was going with. He starts off talking about a Citizen Tsuyosa, a Seiko 5 SRPD55, and a Hamilton Khaki Field Mechanical he purchased secondhand for approximately half of the price the original owners paid for them. He goes on to claim that losing money on resale of a watch is the “cost of ownership”. (Not really, it's something different, as I'll talk about in a minute.) And he states that it happens to all classes of watches, but it “hurts more” for “affordable” watches. Why does this happen? He claims that it's because…