December 20Becoming An Avid Watch Collector
Becoming an Avid Watch Collector
Many people love watches for many different reasons - whether it's for pure aesthetics or the appreciation of the incredible engineering that goes into rare watches. Whatever your reasons for loving watches, you may be considering starting a watch collection of your own. But what do you need to know about buying, selling, and collecting watches?
There are watches available at Watch Centre from all price points that will appeal to you. Pre-owned Rolex watches, for example, can be relatively affordable, but pre-owned Patek Phillipe watches are likely going to require a more considerable investment. This means you have to set yourself a firm budget, and make sure that you stick to it. Always avoid the temptation to get carried away when you're browsing the marketplace.
You should never, under any circumstances, buy a watch you can "only just" afford. Remember that you're never guaranteed a buyer when you decide you want to sell your watch, and you always run a risk of not getting your money back. You should only ever invest money into a watch that you can afford to make a loss on.
Expand And Diversify
The key to any collection is that you need to maximise the versatility of the watches that you collect. This means a blend of both utility and luxury-focused watches, depending on your taste. Every good watch collector will have spent time researching their opfor both ruggedness and luxury. For example, you should browse for a watch to wear while doing yard work, as well as a watch to wear at a formal event - such as pre-owned Vacheron Constantin watches.
Ultimately it's up to you and your taste what you choose to collect. There is such a breadth of variety available in the world of watches that it makes no sense to limit yourself. Avid watch collectors will have various strap materials and colours, as well as watch face shapes and colours - there needs to be an appropriate watch for every occasion.
Buying and selling
As a watch collector, the most cost-effective way to affordably enjoy all manner of watches is to buy them used. A pre-owned watch can be found for considerably less than it cost new, and in many cases will be in almost as good a condition as when it was first bought. The same applies to watches as to cars - if you're going to buy new, you must factor in depreciation.
When it comes time to sell your watch, make sure you do your research. Know exactly what you have and scout the market to see what sort of prices your watch is currently commanding. Patience is always your best friend when it comes to getting a good price. You should have two prices in mind - your ideal price, and the lowest that you're prepared to take.
If you're going to begin collecting watches, you must store them properly when they're not in use. It's a good idea to consider investing in a specially made watch box in which to store your watches. You should also remember to keep the box, case, and all the paperwork that your watch came with as safe as possible. These will be essential for getting the best price when you come to sell.
There are many watch storage boxes available, as well as a number of collector-aimed accessories. You can go as simple and functional as you like. Or, there are many far more ornate storage boxes available, some even complete with automatic winding functions.
With these tips in mind, you're now properly prepared to take the first step of the journey to your very own watch collection - start browsing Watch Centre today to find your ideal luxury and rare timepieces.
Back to News List