lutz
135
wel,dear collegue,as You adress me :-))
Hello Tassos,
no "hard facts" of course as EBM 
but I followed auctions for some years(not any more though,as I got slightly tired of it),but in general most of them loose their monetary value compared to the stock-market in the hand of a fine broker.Of course there have been some extraordinary pieces,sold relatively cheaply some decades ago and being auctioned now for millions,but I would not regard this market hype too seriously.At least I cannot follow it and all the collecors' craze for some timepieces,which were produced in very small numbers,no matter if ugly or beautiful.I also cannot follow the stamp-collectors' craze about a rare stamp,but that's how hypes work,remember the tulipe frenzy in the Netherlands some centuries ago.
Buying Pateks because of the market hype is very common.If You read the PP forum,the bulk of the posts there are about how much a certain piece might gain after production had stopped,now they are eagerly waiting for a price explosion of 5070,5970 has been cited because of it's possible price development recently in great length.I have een repeating this so often in the last years,because I really like Patek and like to wear my modest PP models,but I find these endless market discussions there extremely boring.
That is one reason why other forums are nicer in my eyes,hardly anyone at the UN forum asks,"will my watch be a good investment?",nonsense,even the Astrolabium is a terrible investment if You are going to sell it.But it is a GREAT watch.
Breguets too mostly are lousy sellers,collectors have not detected any love towards them it seems,but my auction observations admittedly are a bit out of state.Sometimes other brands achieve good or amazing results,but that seems to be chance to me.
While a PP 5050 was sold for the same MSRP as my Beguet 3787 (or Your 5327 if You consider the price increases over the years),I could sell the 5050,had I chosed it instead of the Breguet then,for three times the money.Nevertheless I like my watch,who cares about resale value except a second hand dealer?I rarely sold a watch,and when I did always with huge losses.Yes there are excepions of course,some Rolex and Pateks loose less,but try to sell a Quartz Twenty-4....
So,after all,yes "those watches we buy at astronomical prices" mostly do loose their value in money over the time.Not as bad as cars,but they do.It was Mr Stern's genius to make the grand complications of his brand an exception,at least until now,but this ONLY applies to his grand complications-for the time being.And their MSRPs are so high now that spectacular increases as the past had shown hardly seem imaginable to me any more.
kind regards,
Lutz.
Breguet (and other brands of Haute Horlogerie) as an investment
wel,dear collegue,as You adress me :-))
Aaronm.... I like your practical response using...
Three of them are gainers