[Sorter]

Originally Posted by GOB

My in-laws are an importer for luxury watches and purses. As an outside observer, I thought it was ridiculous at first--actually, I still think it's ridiculous--but one thing I found interesting is the nature of depreciation.

Basically, if you get the starter luxury watch or a commonplace brand (like Citizen or Gucci or Coach), the price is going to sink like a rock. If you spend more, however, and get the right model and brand (like Patek Phillipe or an Hermes bag), the price really will go up and sometimes at a surprising rate. My wife got this bag (as a gift) three years ago that she can sell for double the price now.

You want to buy the bag or watch that bored, rich people are going to have a hard time finding on ebay basically.

Interesting.