If you’re in the market for a luxury watch otherwise known as an “investment watch”, here are some things you should consider:
FITTING YOUR LUXURY WATCH
The proportion of your luxury watch to your wrist is imperative. If you have a larger hand or wrist, you'll need to take a gander at greater, more pronounced watch faces. If the watch is small or too thin, the watch will look disproportional, dainty and excessively formal for casual wear. In the event that the watch is to intricate, excessively perplexing or complex; it can look excessively utilitarian or casual for a sharp suit. The solution to you ever changing needs landscape would be to own multiple luxury watches to accommodate a plethora of occasions whether casual, sporty, elegant or formal.
STYLE OF YOUR LUXURY TIMEPIECE
In a perfect world, you should be able to find luxury watch that is versatile enough to wear with most outfits on most occasions. We recommend looking for something that is either modern & timeless or minimal & classic. It important to find a timepiece that will compliment your outfits rather than detract from them.
Some key considerations:
- A neutral colored face that is straightforward to read with limited complications or functions (i.e. sport timers and chronographs),.
- A simple crown or the dial you use to change the time
- A attractive metal or leather or exotic print watch band that you can replace with other straps to fit different occasions. Sometimes just changing the watch band can completely alter the look for a specific occasion or season.
Initially buying a timepiece may feel like a hefty investment, but you will wear it for many years to come and it should make you feel happy and confident. Anything that makes you feel "good" over a long period of time should be considered a solid investment!
TYPES OF MOVEMENTS
There are 3 basic movements or ways that luxury watches tell time:
Digital: these watches are powered by a tiny watch battery that you replace as needed.
Quartz: watches are analog timepieces that run on a tiny, vibrating, electrified quartz crystal. They are know to keep remarkably accurate time within minutes each year.
Mechanical/Automatic: these are the most prestigious of all timepiece movements and are 'Automatic' otherwise referred to as mechanical watches. The power of these movements are driven by a complex array of gears, springs and other components. Due to their superior craftsmanship these watches tend to be significantly more expensive. It must be understood that the age-old art of hand crafted watchmaking is not perfect. Mechanical watches will lose, on average, around one hour per year and must be wound on a regular basis. The distinguishing factor of the luxury watch industry is having the finest possible mechanical movement. A mechanical watch movement does not require a battery, encompasses tradition and craftsmanship and offers an intrinsic emotional value that the tic- toc sounds made by a quartz watch cannot achieve.
VALUE RETENTION OF LUXURY WATCHES
Some luxury watch makers and brands do in fact increase in value and many others do not. Our site was developed as a tool to highlight those watchmakers and brands that will retain an intrinsic value. Appeal of luxury watch brands can be fairly subjective, in that opinion is heavily based on personal taste while the market value is driven by the simple economic concept of supply and demand. We would like to highlight that it is possible to purchase watches that will retain or even possibly increase in value over time. Our goal is to assist in making these instances more of the rule and not the exception. Timepieces are like fine automobiles or artwork; in most instances they can appreciate or depreciate after you buy them, however the amount of appreciation or depreciation depends on a huge number of factors. The best way to know how much a specific watch may change in value is to look at the prices of pre-owned versus the new ones.
DISTINGUISHED LUXURY WATCH BRANDS
Here are some of the more popular Luxury Watch Brands: Rolex, IWC, Patek Phillipe, Paneri, Cartier, Chopard, Bvlgari, Corum, Blancpain, Baume&Mercier, Girrard-Perregaux GP, Hublot, Jaeger-LeCoultre, Piaget, Richard Mille, Tag Heuer, Zenith, Ulysse Nardin, Omega, Breitling, Audemars Piguet AP.
HOW MUCH TO SPEND ON YOUR LUXURY WATCH
The key feature that you should be considering is value for your money. A smart buyer wants to get the most value for your money. If you aren’t familiar with what to expect then you can visit watch buying guides that specifically address what features to look for in watches of varying price points. A high quality watch can be costly. An entry level mechanical Swiss watch starts at around $500 on the lower end. You should expect to spend anywhere from $1,000 – $4,500 for most ‘entry-level mechanical Swiss watches’, with middle range mechanical Swiss watches ranging from $5,000 – $12,000 these days. The possibilities are endless...
BUYING YOUR LUXURY WATCH WITH TRUST
It is important that you establish a certain level of trust with the entity you chose to do business with whether a retailer, jeweler or re-seller. We are referring to not only in the purchase phase of high-value goods, but also the service or repair which can sometimes be costly. You never want to be in a position where you discover that the watch you purchased is not authentic or non functional. In the event you get a damaged or defective timepiece you need to trust that the retailer or seller will fix the problem either by repairing the watch or by returning your money… Trust means that the seller will do the right thing if there is a problem, and that you are getting a real watch.
This leads into something called the gray market where people sell new watches outside of the authorized dealer work. New or newer watches can be had for discounts. Sometimes great discounts. However, buying this way is not with out risks and buyers who are new to this should stick to more traditional sales channels. Deals too good to be true often are but modest discounts even at authorized dealers aren’t totally uncommon. The best way to get the best price is to approach a respected dealer and have a real intent to buy. Ask for their best price and that if you are satisfied you’ll buy then and now. ”
VINTAGE LUXURY WATCHES
Vintage watches aren't for most people, but they can be an enjoyable for some. Some reasons we don't highly recommend purchasing old watches is because they tend to be more fragile, less mechanically reliable and smaller for modern tastes. This translates into higher costs to maintain. However, it really depends on the specific watch and history. Many classic watches are like classic cars in that they require more servicing and maintenance. Furthermore depending on the age or rarity of the timepiece, it may not be able to be serviced or restored at all.
PERSONALIZE YOUR LUXURY WATCH
For those who have a deep rooted love for history, design, engineering, mechanics, and art; the pleasure that is derived from owning a fine watch (or watches) is cannot be measured. The best advice one can give regarding the purchase of a luxury watch is to purchase one suits your needs both functionally and aesthetically because in the end - you are the one who is going to wear it. Consider your timepiece as an extension of your quality taste, lifestyle, and maybe even a tribute to your success.