Luxury watches have become more than a medium to tell time. They are moving pieces of art that exude class, style, and wealth. These intricately interlocking cogs and elegant crystalline faces are slowly luring in millennial Singaporeans, resulting in an increased demand for luxury timepieces.
Brothers Jared and Joses Ng, 24 and 22 respectively are the co-founders of Watch Capital, a Singapore-headquartered start-up specializing in full-spectrum buying, selling, and trading of luxury timepieces. Their first-ever watches were Casio digital watches gifted to them by their parents and they wore them every day throughout primary school. To date, these watches remain treasured in their drawers at home as keepsakes.
Their passion for watches started at an early age when they were exposed to mechanical timepieces by their father. They grew to learn how timepieces could appreciate in value quite aggressively, seeing it in plain sight how prices of Rolex, Richard Mille, and Patek Phillipe timepieces have climbed. Their combined fervor for luxury watches led them to intensely study the market and trading timepieces of social media platforms and Carousell. Unexpectedly, people on the app were buying and selling six-figure watches. Within a span of fewer than three years, they decided to launch Watch Capital.
COVID-19 turned out to be a blessing in disguise for the brothers. They contemplated setting up Watch Capital after completing university. However, with the accelerated pandemic situation, they had to return to Singapore to complete law school online at Durham University. They grabbed the opportunity to establish their luxury watch business while continuing their studies.
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Denne historien er fra Issue 169-utgaven av August Man SG.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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