Men’s Vintage Watches - Say no to monotony
A vintage watch is bought out of two simple reasons: investment or passion. Either way, it is the object of a connoisseur’s collection.
As we know, the collecting of vintage watches began somewhere between the 1970s and 1980s as the first watches were old enough to become collectible items with a certain value. On the other hand, we should not forget that quartz revolution could have raised some interest in the mechanical watches.
Now, let’s see some numbers:
» 80% of the most expensive watches to be sold at auction are Patek Philippe.
» Priciest traditional watch ever sold at an auction (2010): a 1944 Patek Philippe sold for $5.6m.
» a 201-carat multicolored diamond watch from Chopard was sold for $25m, in 2000, and it is probably the world’s most expensive one.
But Patek Philippe is just an example. We may also look after Rolex, Piguet, Longines, Breguet or Cartier. Experts say the most valuable pieces are always Swiss.
“We always make it clear to anyone buying from us that watches are not an investment. Buy them because you like them – if they rise in value, that’s a plus”. (Martin Arnold, managing director of second-hand watch dealers Austin Kaye)
Ever since, many celebrities collected watches such as Michael Douglas, Eric Clapton or Vladimir Putin.
Of course, a watch belonging to a celebrity is certainly more expansive than its not so famous versions. For example, Elvis’ watch, an Omega, was sold for more than £320,000, and a partly plastic watch once belonging to Rafael Nadal apparently worths £400,000.
Why would you buy a vintage watch?
1. ... they make you feel good about yourself... according to Tom Bolt from the Watch Guru
2. You are more inclined to the old good looking rather than the emotion of modern technology.
3. You know the value of things and you love to express yourself in this manner
4. You need to put a new item in your collection or just start one right away.
5. You simply love wearing a vintage watch.
A few secrets for the beginners… and not only:
» Learn the jargon in the watch industry.
» Learn what is the difference among different types of watches. What a chronometer and what a chronograph do.
» Stay away from watchmakers from China or India. They produce undistinguishable fakes.
» Start collecting with the help of a reputable watch dealer.
» Don’t get caught by hallmarks as a sign of authenticity.
» A vintage watch is truly valuable if it still has all the original components.
» If you buy it with the purpose to make an investment, than look after condition and rarity. And buy it at the right moment.
» Look for the number of complications.
» Once you bought it, fully insure it and then have regular valuations.
Last but not least, trust your instincts and remember the word of Tom Bolt from Watch Guru:
“Fifteen years ago I was offering people Panerai watches – as used by Italian commandos in World War II – for £1,500, and people didn't want them. Nowadays, the same watches are selling for up to £70,000”.
As you can see, collecting vintage watches is an art that we can help you in mastering it.