When it comes to buying an expensive designer watch, many people want to know whether that watch will retain its value as the years go by. Still, others opt to purchase their brand name watches used so they can save money on the initial retail cost. Here, you’ll learn about how some watches increase in value as time goes on. In fact, buying a watch – even a used watch – is rarely a bad investment.
Watches and Appreciation
While it’s true that not all watches will gain value as they age, there are several that certainly can – and do. Rolex is a great example; many watches made by this company are in high demand, and they’re even considered collectors’ pieces. These watches are often made with precious metals and gems, and the quality is unsurpassed. The name Rolex is associated with style and luxury, and the reputation of the watchmaker alone adds value to any product they produce – new or used.
Brands to Consider
While Rolex is always a go-to choice when it comes to buying high-end watches, there are other brands you might want to set your sights on. For example, Graham creates some of the most stunning and unique watch designs in the entire industry, and some of the older used Graham watches sell for more than newer models. Collectors want unique pieces, and those who love of fashion will pay top dollar for a watch they simply love.
Along those same lines, a used Jaquet Droz watch can also net a pretty penny, but the value will likely continue to increase over time. This designer is known for unique dials and clock faces that can spark some interesting conversations. Most of the Jaquet Droz collection features simple bezels, straps, and clasps so the eye is drawn directly to the dial.
Finally, a pre-owned Jaeger LeCoultre watch is classic design at its finest. These watches are often simple, yet elegant, which makes them the perfect gift for birthdays, anniversaries, and even holidays. Many of these used watches are quite affordable, and you’ll find them in a variety of precious metals.
Buying to Invest
If you’re buying watches as a form of investment, there are a few very specific brands you’ll want to watch for. These include Patek Phillipe, Jaeger-LeCoultre, Omega, Rolex, Linde Werdelin, and even Zenith. Remember, though, that the market value and appraisal value of a used watch can vary based on demand, rarity, and condition. These things should all be considered before you make your purchase.
Whether you’re thinking of buying a used watch or selling one that you no longer wear, it’s very possible that your thirty-year-old watch is worth more than a new one by the same designer. Collectors and fashion aficionados alike appreciate the style, functionality, and reputation that comes with these designer watches.