For several years, your luxury timepiece graced your wrist everywhere you went. You took special care of it and even visited your local watch battery replacement shop on a timely basis to prevent complications. Now, you’re ready for an upgrade and wondering if you can get a significant return for your first luxury watch.
While it’s true that luxury watches depreciate in value for several years after they’ve been purchased, it is possible to find a few investment pieces that begin to regain their worth. In fact, some wristwatches could end up exceeding their original selling price.
Do Luxury Watches Appreciate in Value?
A luxury watch could be a good investment opportunity, particularly if you know what to look for. When shopping for investment watches, you need to consider the brand and the story behind that watch model. Just purchasing a high-end watch does not mean it will appreciate in value.
While it can be difficult to predict the exact resale value of the watch you purchase, you can get a decent idea of the amount you can expect by reviewing the history of popular watch brands. It’s important to note that the watches that appreciate the most in value are mechanical watches with a rich history and that were released in limited quantities.
Will Your Luxury Watch Hold Its Value?
Several watch brands are known to produce timepieces that hold their value. These brands include:
- Rolex: Rolex creates some of the most popular luxury watches in the industry. Their quality timepieces withstand the test of time and often appreciate faster than others. Most of their styles will hold their value over time, while others, such as the Rolex Daytona and Rolex Submariner, will increase in value. Finding a Rolex dealer in Boston interested in your vintage watch should be fairly easy.
- Patek Philippe: If you want an investment watch at a price slightly lower than Rolex, Patek Philippe watches are for you. These luxury watches are known to hold their value fairly well, though you have to be careful about which ones you choose because not all of them afford a good resale value.
- Jaeger-LeCoultre: Slightly less expensive than Rolex, Jaeger-LeCoultre watches still act as strong investment pieces. Many of their watches retain their value as they age, making them easy to resell.
- Breitling: Breitling is another watchmaker that produces luxury watches at a price lower than Rolex. Even if the watch’s price started on the lower end, its manufacturing enables it to appreciate in value over the years. Many Breitling watch owners have successfully sold their pre-owned watches for a pretty penny.
- Omega: If you’re buying luxury watches with a mind to selling them later, you may want to avoid Omega models. Most of their timepieces will decline in value, making it a risky investment. However, suppose you already have an Omega watch or inherited one from a family member. In that case, you may still be able to get a good price for it, especially if it’s in excellent condition.
Sell Your Luxury Watch Today
If you’re looking to sell your beautifully crafted wrist or pocket watch for exactly what it’s worth, turn to The Jewelers & Loan Co. We buy luxury watches in Boston for cash, no matter if you’re selling Patek Philippe, Jaeger-LeCoultre, or Rolex watches. Stop by our pawn shop today to get your premium watch appraised.