Starting a watch collection? What beginners should know before buying
Watch experts explain how beginners can start a collection, what tends to hold value, when to buy used and how to avoid costly mistakes.
TL;DR
- Collecting watches should be a hobby focused on enjoyment, not solely for financial gain, as most watches depreciate.
- Top brands like Rolex, Audemars Piguet, and Patek Philippe often hold or appreciate in value due to brand reputation, rarity, and history.
- Acquiring desirable new watches can be challenging due to high demand and waitlists.
- Buying used watches can offer significant savings, but condition, originality, and potential repair costs are critical considerations.
- Mechanical watches require regular servicing, which can be costly depending on the complexity and brand.
- Proper storage and keeping original packaging and documentation are important for preserving value.
- Be cautious of scams, fake watches, and dishonest sellers by dealing with trusted sources and doing thorough research.