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Which watches retain their value?

Discussion in 'Classic Menswear' started by stevejobs, Jan 15, 2009.

  1. stevejobs

    stevejobs Senior Member

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    I recently read a news article about someone trying to pawn his Movado watch and the pawnbroker turning him down, saying that there is no secondary market for that watch brand. So the guy who bought the Movado for let's say $500 is stuck, whereas if he had bought a different brand he might have been able to recoup something for it.

    We all know that top brands such as Rolex, Cartier, and Patek retain their value well, but what mid-priced brands (sub $1000) are just as worthy as resales (percentage wise)?
     


  2. AJL

    AJL Distinguished Member

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    I think you should be worrying less about cheap watches and more about your health. My Roth IRA hangs in the balance.
     


  3. randallr

    randallr Distinguished Member

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  4. Teger

    Teger Stylish Dinosaur

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    My uncle is actually a watch collector/dealer (instead of say, putting his money in to something smart, like an IRA, he buys another watch), and he says he does the best with Rolexes..
     


  5. voxsartoria

    voxsartoria Goon member

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    Used high end watches retain their value very well.

    - B
     


  6. Azure

    Azure Senior Member

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    Casio calculator ones
     


  7. Tarmac

    Tarmac Distinguished Member

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    if you buy a used watch at an average price, use it cleanly, there is no reason you won't get the exact same price later on if you sell it. If you are really a cheapskate, you should get one with a good amount of wear scratches on it, but has recently been serviced. In 2 years it will look the same and you can say it was serviced 2 years ago, which is not bad for a used watch.
     


  8. acidboy

    acidboy Stylish Dinosaur

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    Cartier doesn't hold value well, from what I've seen in that market. Patek and Rolex are still the best to buy if you're into that sort of thing. But for Rolex, keep your choices to the ones that are harder to find- Daytona, Milgauss, the older Sea Dwellers.... the run of the mill Rolexes do not hold much value. Few notches down the totem pole and I believe IWC pilots and base Panerais' prices don't go down as much in the second hand market. The rest- Omega, Breitling, B&R, Ball, etc... I think its better you just hold on to them.
     


  9. emmanuel

    emmanuel Distinguished Member

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    if you buy a used watch at an average price, use it cleanly, there is no reason you won't get the exact same price later on if you sell it.

    great advice!
     


  10. mr monty

    mr monty Distinguished Member

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    I recently read a news article about someone trying to pawn his Movado watch and the pawnbroker turning him down, saying that there is no secondary market for that watch brand. So the guy who bought the Movado for let's say $500 is stuck, whereas if he had bought a different brand he might have been able to recoup something for it.

    We all know that top brands such as Rolex, Cartier, and Patek retain their value well, but what mid-priced brands (sub $1000) are just as worthy as resales (percentage wise)?


    Movado is the Kenneth Cole of watches
     


  11. TowleY

    TowleY Senior Member

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    Seikos, and Breitling?
     


  12. btinl

    btinl Distinguished Member

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    Movado is the Kenneth Cole of watches

    Haha. What is your opinion of Kenneth Cole watches then? [​IMG]
     


  13. Big A

    Big A Distinguished Member

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    Do not buy a new watch ever. Patek, Rolex, Panerai (some of them, anyway), and anything made of platinum will hold its value.

    By "hold it's value" I don't mean that you can sell it for the same price as you bought it for. I mean you can take a minimal loss.
     


  14. blah23

    blah23 Active Member

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    I've been told Rolex and Panerai are best for retaining value, while Omega is not as good as other top end brands
     


  15. apropos

    apropos Distinguished Member

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    New? None of them.

    In that sense, watches are like diamonds.
     


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