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You really know about watches,You are trying to educate these people. But they don't seem to know or even appreciate your effort, I sell watches too. So, i perfectly understand what you are talking about.You are 100% on point. I will buttress your point by adding a few.first, I will explain/address why a lot of people don't see reasons to buy expensive watches as an investment

Over time.Africa has been a dumping ground,a continent where fake,used clothes(Okrika), and mass production are being dumped in/at. A lot of Africans has seen this as a way of life...so sad. An average African sees cars, houses etc as an asset. This is still part of the poverty mentality we need to address, but lets leave this for another day.

If you ask an average African to choose an Original Rolex of $10k or a car of $10k. your guess is has good as mine..lol .The truth is, a car is a liability and a depreciating asset, but a high-end watch is an appreciating asset. We really have a long way to go in African.

During this Covid sega, 3 months ago. I stood as a middlemen for a sale of a Tag Heuer Monaco watch. I made 7,000Ghc($1200) as profit.This deal didn't take even 1 hour of my time. Last week, I sold an Omega seamaster for $4,000 , the client is still calling me to thank me for the deal i gave him. In Nigeria...It is a situation of suffering and smilling...even if you have 20 million naira in Nigeria, na still suffering level. God help us all .Amen .

frankyychiji:
My brother you have spoken like the layman you are. I'm in the business. That watch is a store up of investment. What you should worry about is theft and trust me these guys spend extra to keep the watches safe.

A friend of mine has been trying to sell of 98acres of farm land he bought some years ago to no avail to pay his children's school fees abroad.

Then a client who had same abroad fees problem put up the Rolex in the image for sale. He bought that watch for $34k five years ago, but I sold it for him for 30k two weeks ago. He didn't loose money if you consider the difference in exchange rate.
The watch only spent three days in the market.

So who is smarter of these guys? Mind you, if the rolex guy couldn't find a ready buyer here in Nigeria, if he takes it abroad, na one hand e go sale am!

You can never, I mean never get an original Richard Mille for even 10million Naira . The ones they sell for 80k are fake

Saynotoapc:
Same Richard Mille boiz dey wear now.
Last time we go price am, the dealer was even assuring us "nah the original be this ooo"
Worth of 80k
Lol
The wrist watch dope
Even the 80k own still dope

I know there are still other dealer that sale below 80k and still claim it "Original" lol.

You are the only person in this comment Section that knows what’s up. That watch is an asset , it’s even a better asset than a car(s) because the value of these watches increases over time.

Sleekfingers:
he can still resell the watch twice the amount.........i remember selling my cartier watch quaruple the amount i bought it ....the cartier watch was about 12years. But not in nigeria though.....there are some people who can spend any amount of money on watches......

As a matter of fact, terrorists, drug peddlers, money launders etc . Use watches, diamonds , gold........go to UAE and see .....they will buy diamond necklace, bracelets, watches . They will ask u if u can help them to take it to countries like Uk, usa, france, germany and canada. They will finance your trip to the aforementioned countries. All you have to do is wear the jeweries. Then u are good to go....most of the jeweries worth millions of dollars or sometimes thousands.......after you have delivered it they will still pay you......i have know two friend in UAE . One is a nigeria and the other one is from south africa . This is what they do. I mean for a living.......

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