Owning A Luxury Watch
To some a watch is just for telling the time, but to others a watch is a much more meaningful object, historically more men than women. But then more women are fanatical about shoes then men. To those watch fanatics luxury or vintage watch is more than just a piece from their jewellery collection, it is a work of art, or an heirloom for the next generation.
Buying a luxury or vintage watch is a financial investment. If you buy a new Rolex it will depreciate in price over time but nowhere near as much as your Ferrari will. Luxury watches do hold there value really well.
How To Look After Your Watch
If you have new Rolex or Breitling or Cartier watch then how you look after it can make a difference in how much it will be worth in years to come. That doesn’t mean not to wear your luxury timepiece, on the contrary wearing your watch is a good thing as noted in the post by one of the experts at Christies. In answer to the question “When is a little wear and tear too much? Is it ever a good thing?“, he states that
“For a watch specialist, a vintage watch is like any work of art: you really want it to be all original. And if a watch has replacement parts, it’s better if they’re vintage — as close to the original in age as you can get. For example, we’re offering a very rare early Rolex Submariner, Reference 6204, from about 1954. It has a replacement dial, but it’s a very early replacement dial — a mirror dial from probably the first half of the 1960s, right after Rolex switched from using the hazardous radium for its luminous markers to tritium. If you’re going to have a service replacement part and the watch is that old, it’s a real bonus that the replacement itself is 50 years old.
But we do prefer all original parts when we’re evaluating a watch. And sometimes what seems to the novice collector like detrimental wear and tear can actually add to a watch’s value. At the very least, it often means the parts weren’t replaced.”
For further reading into this excellent post Ask a Specialist: Value vs. Condition
How Old Is Your Vintage Watch
All of the luxury watches such as Rolex, Breitling, Cartier etc, have given their watches a unique serial number which can be traced back to the date of the watches manufacture. If you have vintage Rolex and you are unsure of how old it is Watches of Westminster have a good post explaining How Do I Date My Rolex they even give you a list of all of the dates associated with the serial numbers. There will no doubt be other sites which do a similar job for other makes of watches.