Economic downtimes are hitting almost everywhere. However, luxury products, consisting of luxury watches with lofty pricing are still attracting wealthy customers and increasing healthy sales!
Narun Thamavaranukup, managing director of PMT The Hour Glass, a local retailer of luxury watches, said the company recorded 20% sales growth in the first quarter of this year.
”Luxury watches are not like other luxury products such as fashion bags whose values will decline over time. Some collections take three to five years to produce and the number may be limited, so the prices of high-end watches could rise by 60-300% at an auction,” he said
”Luxury watches are not like other luxury products such as fashion bags whose values will decline over time. Some collections take three to five years to produce and the number may be limited, so the prices of high-end watches could rise by 60-300% at an auction,” he said
Some people see luxury watches as worthwhile investment, like paintings by famous artists. The trend is reflected in the annual 13-15% growth rate of the import volume of luxury watches. Full story, click here