Things to Consider if Buying A Luxury Second Hand Watch

Buying a luxury second hand watch?

 

Luxury second hand watches can be quite a huge investment. These watches can be worth  tens of thousands of dollars, so you must be very careful about your purchase and look into the details properly. There are many things to consider such as:

• Is it genuine? 
• Is it legitimate? 
• Does it really belong to the seller? 
• Is it in good working condition?
• Is it reasonably priced?
• Has the seller got a good reputation? 

These things are often difficult to determine. If you are new to this game and inexperienced and really do not know a Citizen watch from a Rolex or a fake from a genuine item then it is important to take to time to find out before investing large sums of money.
 
I was lucky enough to come across a company called Watchfacts which appears to be the first global company and independent watch inspection and verification agency, focusing exclusively on the pre-owned watch market. I have no affliation with this company but liked the idea that there was someone available you could ask for advice. Your local jeweler is probably also a font of knowledge on this topic.

Are second hand luxury watches a good investment?

According to the successful auction house Fellows in the UK, luxury watches are a good investment.  They say that there  is an ever increasing market in second hand watch sales. Writer David Malins, recently went to the auction house Fellows in the U.K. - an auction house founded in 1976 - and wrote about the experience for Watchpro.

“. . .Vintage watches in general have proved themselves to be very sound and safe investments. Watches tend to stand the test of time in terms of holding investment and although a watch generally won’t sell for quite as much as it would if brand new, you can still expect a very fair price for your old timepiece, which serves to encourage members of the public and watch professionals alike to sell watches at auction.”

 Luxury watches do tend to hold their value or increase in value so if you love the idea of wearing a great watch - go for it!!