Just like driving a new car off the garage forecourt, most new wristwatches drop in value the moment you leave the shop.
Vintage wristwatches have stood the test of time and recent auction results prove that there is a vibrant market for pre-loved timepieces. Vintage wristwatches have stood the test of time and recent auction results prove that there is a vibrant market for pre-loved timepieces.
The more exclusive and well-respected a watch brand is, the better they will hold their value on the secondhand market. As luxury brands increase their retail prices, more and more buyers are driven to auctions, where quality watches are accessible on a lower budget. This is good news for buyers, sellers and auctioneers too!
If you do your research beforehand, vintage watches can be a great investment. Currently the market is crying out for stainless-steel gentleman’s wristwear. Surprisingly, steel Rolex Sports watches can actually achieve more than a gold model, due to style and wearability. Condition obviously affects the prices achieved; a mint example with the box and paperwork is always going to be more desirable than a well-worn piece.
The brands to really watch out for are:
• Rolex
• Patek Philippe
• Audemars Piguet
• Jaeger-LeCoultre
• Vacheron Constantin
• Brietling
If you own anything which you think might be suitable for one of our specialist sales please contact Lindsay Taylor on 01234 266366 or jewellery@peacockauction.co.uk.
Alternatively, attend one of our Valuation Days where clients are invited to bring along items for complimentary auction advice without obligation.