231: Investing in Luxury Watches with European Watch Company's Joshua Ganjei

Derek interviews European Watch Company representative Joshua Ganjei about the explosion of interest in trading and investing in luxury watches. Joshua breaks down watch culture, what the market looks like, what brands/models are hot and which watches are the most sought after today. Then Derek and Johnny share their experiences with high end watches and how they're looking to get in on this opportunity.  Established in 1993, European Watch Company is one of the premier watch dealers in the world. This family business strives to treat you like family. European Watch Company offers seamless and trusted watch buying, selling and trading services globally. The 5- Star reputation, and the curated selection of the finest timepieces in the world is what sets this business apart. The in stock inventory listed on the website is always up to date, and is ready to be shipped globally to your door. Download the iOS app from the App Store to see a continuously updated inventory of the finest watches in the world. Listen to ILAB 231 on iTunes here or subscribe on your favorite podcast app.   Where we are: Johnny FD – Poland / IG @johnnyfdj Sam Marks – Barcelona / IG @imsammarks Derek Spartz – Los Angeles / IG @DerekRadio Sponsor: NetsuiteJoin the #1 Cloud Financial System now at NetSuite.com/ILAB and receive a special one-of-a-kind financing offer.  Support Invest Like a Boss: Join our Patreon   Discussed: European Watch Co (@europeanwatchco) European Watch Company European Watch Co: buy or sell on the App Store Johnny’s new ‘luxury’ watch mentioned in the episode Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) *Johnny and Sam use all of the above services personally. Time Stamp: 10:23 – How did you get involved in the business? 16:33 – Can you tell us more about your business? 18:33 – Is your business mainly local or international? 21:05 – How has the interest in the industry increased over time? 27:35 – What is the average type of collector? 31:10 – Do you have a suggestion for a “starter” watch for a collector? 35:51 – Are the collectors more interested in the older models or the newer models? 39:34 – Are watch companies doing collaborations? 42:16 – How do you ensure authenticity? 45:05 – Any recommendations for keeping the quality of the watch? 47:30 – Is there a way to buy one at a retail place? 49:05 – Patreon Question: How much for a Rolex day date? 51:07 – Patreon Question: How has smart watches affected traditional watches 53:00 – Patreon Question: What's the best way to appraise a watch? 54:10 – Patreon Question: How much higher can the Rolex Royal Oaks keep going? 55:42 – Patreon Question: What are your thoughts on a non-swiss brand? 57:33 – What are your favorite watches in your collection? 63:17 – Derek and Johnny review If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2022. All rights reserved. Read our disclaimer here.