Learn About Vintage Watches Episode Three: What is Important to Collectors?
When looking at collecting vintage watches, there are many factors that are important to collectors. These factors are extremely important when collectors are looking to purchase new watches at auction or from private collectors. If you are engaging in a sale of a watch, these are the factors that you should be considering to make sure you get a piece you will enjoy. It will also make it easier for you to resell the watch because most collectors are unanimous about these factors.
The first factor is the condition of the watch. There are many different types of collectors when it comes to collecting vintage watches. Some collectors want watches to be in as original condition as possible. This means little to no wear on the watch, and a light dusting of patina on the case, dial and hands. On the other hand, some prefer to see the age of the watch - they want to see the adventures the watch may have been on.
Vintage Rolex Submariner showing its age
“Like new” Patek Philippe 1518
After identifying condition of the watch, the next factor collectors value is what comes with the watch. If the watch comes with the original box, purchasing papers and guarantees, the watch is often valued higher than one without the accoutrement. The extent to which the watches value increasing with their box and papers may be marginal, but still is important to watch collectors if available.
Lastly, and arguably most importantly, the history of the watch is what collectors are becoming more aware of. With so many more collectors in the world of vintage watches, its harder to trace the history of watches. Vintage watches can often be refurbished and sold without someone knowing about it which decreases the value of the watch. Collectors are now looking to buy pieces that have only had one or two owners. What is really important to them is that they can trace the history. Proof of the history of the watch also is very important so if you have a vintage watch, make sure to find documentation of its history.
Enjoy!
