Watches are an investment piece for many. Therefore, most watch collectors want to ensure that their new timepiece will be a worthwhile investment. Today, we will explore the question of ‘will my watch appreciate in value?’ and offer some tips on how to make a good investment in a timepiece. Wristwatches are a very personal accessory so there are many things to consider when selecting one. Not all watches will increase in value over time, so it is best to consider many factors if this is your primary reason for purchase. If you wonder if your watch will appreciate in value, keep reading to learn more.
So, Will My Watch Appreciate in Value?
We know you’re hoping for a simple answer, but unfortunately, there isn’t one. Investing in timepieces can be just as unpredictable as investing in anything. Changing trends, public opinion of brands and passing decades all have a huge impact on whether the value of a watch will increase. Some timepieces will sell for much more than was initially paid for them, whilst others may decrease in value. This often depends on the brand, movement and materials of this timepiece.
Brands such as Omega and Rolex have been deemed the most likely to appreciate in value over time. This is due to the challenges faced when trying to obtain a brand-new model and the luxurious materials and movements used in the creation of the timepiece. However, you do not always have to hit Rolex prices to see an increase in the value of your timepiece. More accessible, but still luxurious, brands including Tissot, Longines and Hamilton are considered strong choices for investment too. Hamilton’s movie watches are coveted by collectors around the globe, and their limited edition status ensures an appreciation in value.
Tips for Investing in Watches
Investing in watches is a deeply personal thing. It will rely greatly on your taste, budget and opinions. Any form of investment should always be considered carefully as an increase in value cannot be guaranteed. However, there are some basic guidelines to ensure that you do all you can to maintain, if not increase, the value of your new wristwatch.
1. Check authenticity.
When purchasing a watch, whether it is brand new or second-hand, it is strongly advised that you check its authenticity. It is not unheard of for fake versions of desirable timepieces to enter the market and you do not want to “invest” in something that is not the real deal. Always ensure to source your timepieces from a well-respected jeweller or authorised retailer. When viewing the timepiece, ask to see the watch’s documentation. Before buying, make sure you know how to spot a fake timepiece. Combined, all of these factors should ensure you are purchasing the genuine article to maximise the chances of your watch appreciating in value.
2. Keep hold of all packaging and paperwork.
Most watches will come with original branded packaging along with paperwork and warranty documents. When you receive your watch, make sure to pack all of this safely away. When you come to resell your watch, original packaging and documents will make a huge difference to the price. Many buyers of second-hand timepieces won’t even consider a watch that does not have its original box as this can signify that a lack of care has been taken. Look after everything that came with your new watch and you’ll be well on the way to a potential increase in value.
3. Clean, maintain and service your timepiece.
Similarly to cars, watches will better hold their value if they are properly cared for. If you are trying to sell a dirty timepiece that has not been seen by a professional since you bought it a decade ago, most buyers are going to steer clear. Luxury watches should be taken to a professional at least every few years to be serviced. This often involves them checking the seals, cleaning and oiling the movement and cleaning the exterior of the watch. This process will keep the watch in good condition and will reassure any buyers that it has been properly cared for.
4. Make sure you actually like the watch!
When buying a watch, the most important thing is that you actually like it! Although it is nice to think that the timepiece might increase in value over time, there is no point in owning a watch that you do not want to wear. If you do feel uncertain, it is often advised to choose a good brand-name watch with a high-quality movement and luxurious materials. Choose a wristwatch that you love with a classic style which will never go out of fashion. This way, the watch will always have a place in your collection, and will seamlessly slot into someone else’s should you ever choose to sell it. Don’t buy a wristwatch with the sole intention of reselling. It takes the joy out of owning, loving and wearing the timepiece of your dreams.
Did we answer your question ‘will my watch appreciate in value?’ What timepieces do you have your eye on at the moment? We’d love to hear in the comments!
