With economic conditions softening there is an increase in the availability of vintage watches for sale in Australia. Vintage watches not only look great on your wrist but also can appreciate in value, making them a great choice if you are looking to spend some money on a piece of jewellery. If you are looking at investing in vintage watches, here are some things to look for.
Avoid a 'franken-watch'
As vintage watches are old, many of them have required repairs over their life due to accidents or simply due to age-related wear. For investment value, it's important to find a watch that is in as near as possible to original condition. (Watches with parts from multiple brands are colloquially known as franken-watches and are not that valuable). The company's brand will usually be recorded on the underside of the band, the crown, and dial of the watch. If you are buying a watch online you should ask for photos of all of these logos to ensure no after-market parts have been used to repair the watch.
A known brand
The best investment results usually come from known brands such as Rolex or Phillipe Patek. Lesser known brands can be a part of a vintage watch collection but may be a more risky investment as they do not have the same history and prestige. Classic brands tend to be easier to resell, as a wider number of collectors are looking for them and tend to be easier to value for insurance purposes.
In good condition
While it's normal for older watches to show some signs of wear, the best long term value is achieved by those that have been carefully stored and looked after over the years. Scratches and dents can add to the charm of a watch but damage will detract from the watches resale value and can often make the watch less reliable and more prone to breaking as you use it. Be sure to factor in a reduction in price if you are looking at a watch that is in worn condition, when comparing the asking price to recent sale prices of similar makes and models.
If you are looking to invest in a vintage watch it is a good idea to visit a specialist vintage watch store, so that you can get some expert advice on a watch that might suit your budget and be a sound investment for years to come.