For All the Personal Finance Nerds - Do You Include Your Watches in Your Net Worth

Qu'ils mangent de la brioche

I calculate it at market price minus 20% so I’m allowing for depreciation.

Makes sense having some % to account for that. Is 20% quite high though? Maybe would depend on the model of watch? Example: looking at Rolex Explorer 114270 on watchcharts: it's only gone down 2.8% across 6mo (I don't have premium so can't see beyond 6mo)

Were I to do so, I wouldn't value my watches at anything other than their fire sale value, so heavily discounted.

In what context, inheritance tax? Most certainly 😉

No. Most of them are not worth a lot, and the one or two that are ... I'm really not inclined to part with them. There is also another reason: They are also such a minuscule part of my net worth that it doesn't matter.

No

NO. I need to keep my wife in the dark.... :-)

Absolutely not included, it's an expense line item as far as I'm concerned.

No, even though some watches qualify as some sort of ‘asset’ but unfortunately those pieces are not and most likely will never make it to my collection 😅

I do actually but at a very conservative estimate. I don’t think for a moment that my watch collection is an “investment” and I don’t think I’ll ever sell any of the watches, but some legit have some market value (AP, Patek etc), so I do include a line item for them

Nope, these are funded with ancillary money and never bought with the intention of realizing gains or depreciation. I have a large enough personal articles policy, jewelry and umbrella policy to cover some of the largest or most sentimental pieces, but other than that, these are completely for me to enjoy and use. I’ll hand them over to my kids before my time so no inheritance or estate crap to weed thru.

Nah . . . I don’t treat my watches as assets even if they could be considered that. I only sell to acquire other watches and even that is rare.

I think all my networth has gone to my watches 😅

Oui, pourquoi pas? 😎

Yep!

Let’s see here… take current market prices… estimate future depreciation… carry the three…

My collection is worth $0.

My wife has me as a liability on her balance sheet.

I do. €150 is a lot of money.

Apart from my kidneys they're the most valuable things I own.

I do yes, but I’m also realistic about it, I think of it if as if I needed to liquidate TODAY, in an extreme event, how much would I be able to get from my local jeweller or watch shop. (Let’s hope that would never ever happen!) I then roughly review once a year or so on my spreadsheet 🤓

1. No. At least not with the watches I own. If I can't liquidate it within 3 days for a price I'd ask when under no time constraint, I consider it illiquid and not worth selling. It won't fit into my balance sheet - that's it.

2. It isn't about the dollar value of the collection of watches. To me, it's about how quickly I can turn those watches into simple cash. Because to be clear, I rarely sell my watches - high conviction portfolio I guess. The only instance I would contemplate selling a timepiece is if I REALLY need the money and urgently, which means I'm going to be selling at deep discounts. Now IFF I could convert asset to cash rapidly ie without to much bid ask spread within 4 days at most, I would include that asset in my balance sheet. Not otherwise.

Great question! I do not include them when considering net worth.

I do track my finances, but not my watches.

But it really depends on your watch Portfolio and how you see your watches.

Mine are totally for use, even I treat them like raw eggs and hate scratches.

But for considering them as assets, they should be able to have a certain and constant worth on the secondary market. Usually popular or high end brands...and not every model.

So you to keep it as a asset you shouldn't wear them. Any scratch would effect the price. Even if it's for years in a case, it should be service after a while. That are costs to consider.

I see my purchase prices for a watch as consumed and gone money. I want to wear them and enjoy them. Therefor I always looking for affordable watches. If I can use tge watch to swap for another or sell I consider it as a nice to have.

My whole net worth is my watches

I'm not this kind of collector. My financial planning is a little bit more focused on college funds at the moment.

And as far as collections go, I probably have more money tied up in concert posters and psychedelic art.

By far my most valuable possessions except for my motorbike. I don't own anything else, they're my only real material possessions, apart from necessities like clothes. Never owned a car, house, any white goods or furniture. 😊👍🏻

I do not add my watch collection into my net worth. I feel that ,in my mind, the watches are worth far more then they really are...LOL

It would be interesting to see this in a poll since it seems like the comments are fairly split. My wife and I have a travel fund that is money in the bank that I don’t include in our net worth tracking. That is month that is not meant for anything practical or to help us retire, it is for us to enjoy a new experience. Same thing with watches. If I sell one it will likely go to buying a new watch (or bike or something else fun), not towards income replacement in retirement

Mine ain’t worth anything lol

As a high-schooler, one of my watches is my net worth.