15 things everyone should splurge on that will last a lifetime

An investment watch— around £5,000.

Value Retail

Helen Ridge, Leasing Director at Value Retail — owner of the luxurious Bicester Village shopping areas around the world — said an investment watch is a must. Her pick? “A Cartier yellow gold vintage Tank watch that I was given for my 40th,” she said. The watch now retails from around £5,000.

Jay Smith, CEO of WeAreYourCity, a concierge company by Joanne Beckham, agreed — but he’d opt for the Patek Philippe Nautilus 5711 with a navy dial, which will cost you at least £32,000.

“This is the holy grail of stainless steel sports watches, one of the most sought after timepieces in the world,” Smith said. “Waiting lists are five to 10 years long or more and some authorised dealers have even closed their lists. A solid long term investment which can be enjoyed everyday.”