Chronoly.io is a new watch marketplace that enables everyday investors to purchase shares in luxury watches.
Wealthy individuals have long understood the value of the luxury watch market, where a single piece can retail for well over $100,000. And it is not just the purchase price, luxury watches increase in value faster than a lot of traditional investments like real estate and index funds. In fact, a Bain report pre-pandemic showed the pre-owned luxury watch market to be worth nearly $25 billion.
The secret to success in the pre-owned watch market is in the rarity and some pieces can rise in value by over 70% in just a couple of years.
But the fact is that the average investors cannot enter this market, they simply do not have enough cash. Chronoly’s innovative platform allows everyday investors to buy a share in a rare or discontinued timepiece from luxury watch brands like Rolex, Patek Philippe, Vacheron Constantin, Richard Mille, or Audemars Piguet in the same way investors would purchase shares in stocks.
These watches are fully insured and are stored in one of Chronoly’s secure depositary vaults. It is the same way that you would invest in gold on the stock market. The platform allows anyone across the globe to join the Chronoly community and trade shares in these exclusive watches for as little as $10.
Consistent levels of growth
This market has shown consistent growth with luxury watches proving very resilient as an investment even in tough years like the recent pandemic. The Sotheby’s Important Watches live auction experienced a 27 per cent increase in the last year taking in $10.4 million with one watch, a Cartier Ecran Mystery Clock going for over half a million dollars.
Users can trade their portion of the luxury timepiece immediately, track historical performance and price data, and create stop and limit orders. For those who are waiting for a watch’s price to go up or down, they can set price alerts just like they do on any market. Users can also place 100% buyout offers for their part of this luxury investment. Everyone has the freedom to buy, sell and own as much or as little as they please with Chronoly.
For anyone interested in learning more about Choronly and their platform, take a look at Choronoly’s Instagram and Twitter pages. Visit Chronoly’s website at www.chronoly.io to enter the lucrative world of luxury watch investment and join the waitlist.
Chronoly is the world’s first 24/7 fractional watch investment platform that allows anyone to fractionally invest in exclusive timepieces from renowned brands such as Rolex, Patek Philippe, Richard Mille, and Audemars Piguet, and more.