Collecting things is a fundamental part of human nature. Go to your nearest natural history museum, and you’ll find evidence of early-civilisation collections, hoards, tchotchkes and sentimental object d’art – and that’s before you look around and realise that the very same museum is, itself, a collection.
This is to say that starting a collection is a good hobby to cultivate, whatever it is you might be inclined to collect. Some collections, though, are more valuable a pursuit than others, for instance, pre-owned watches, and in more ways than one. You’re likely reading this as a direct result of being taken in by a recent pre-owned watch purchase, or an offer that would see you starting a collection of vintage timepieces; in the following paragraphs, we’ll be looking at the why’s and how’s of cultivating such a practice.
Why Buy Pre-Owned Watches
First, let’s look at the obvious question that springs from our title: why buy pre-owned watches at all? Wouldn’t it be better to collect brand-new watches? Well, there are a few compelling reasons to start your collection with pre-owned timepieces – the first, and arguably most compelling, being affordability. By looking at the used market, you’re more likely to find intriguing luxury watches that don’t stray too far from your budget.
Not only this, but with the right choices, you could start your collection with vintage watches that are only set to appreciate in value. This doesn’t just protect your original investment, but gives you the opportunity to profit in the future. Finally, there’s the simple fact that some watches just aren’t made any more. If you want a specific type of watch, your only chance to own it may be through a re-seller or auction site.
What to Look For
First and foremost, you want to be as sure as you can possibly be that the watch you are buying is indeed what you think it is. Counterfeits and forgeries are rife in the pre-owned watch market, due to the significant amounts of money that flow through it; you need to be prepared to know your stuff in order to sniff out obvious counterfeits.
Buying from a reputable seller is a given; you should also be sure that the watch you’re buying comes with its original documentation (or ‘papers’), and, ideally, its original box. The final step is being able to verify unique information like serial numbers or maker’s marks.
Of course, the condition of the piece itself is of paramount importance – if not to you, then to the price you’re paying. A damaged or uncared-for timepiece should have a price reflecting its condition, to say the least. Beyond scratches and marks, you want to keep an eye out for water damage and corrosion.
Tips for Collectors
Your taste in watches is your own, so you should attempt to avoid all but the most objective pieces of advice regarding where you start. If you’re truly stuck, try browsing around for brands you recognise, and get a fix on your personal taste. From here, you can start to research more about the manufacturers you like, and gain a picture of the market with them in frame. Patience is key; don’t buy the first watch you like the look of! Do your research on pre-owned, look for competitive prices, and make sure your purchase is sound.
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