Time is money, but is there money to be made in timepieces?

Time is money, but is there money to be made in timepieces?

Australia Post boss Christine Holgate’s purchase of four luxury Cartier watches as a reward for senior executives sparked white-hot anger within the government and led to her being ordered to stand aside while an investigation into extravagant spending is conducted.

But if you’re not a highly-paid government bureaucrat using taxpayer’s money, can the right high-end watch make for a smart investment?

Bani McSpedden is the Australian Financial Review’s Watch Editor and says there are a small number of sought after watch brands that have surged in value over recent years.

“At the moment we are seeing an enormous increase in the prices of a Rolex, partly because they’re hard to get hold of new,” Mr McSpedden tells Brooke Corte.

So with that in mind, is it worth investing in a watch?

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