Finding a desirable watch like a Rolex or Patek Philippe at a fair market price is hardly a simple matter for all.
The post What You Need To Know While Looking For Preowned Watches appeared first on LUXUO.

Image: Tudor

The business of pre-owned watches is nothing new, no pun intended. In fact, this section might be punctuated by puns but none are intentional, unless otherwise indicated. There is a lot to get through so we will try to play it straight.

The advance in the pre-owned watch business has transformed the watch collecting in unforeseen ways. It has done this primarily by changing the perceived value of watches. Now the idea behind buying a watch that?s got some wrist time on it is the same as buying a used or secondhand car. Everyone accepts that when you buy a car, what you have is an object with depreciating capital value. In fact, you will lose value on your purchase the moment you drive it off the lot, as they say in the movies. This is also true of watches, by and large. Of course there are exceptions, and those typically prove their worth at public auctions over the years. This has been true for so long that only these few lines were necessary to explain buying a watch pre-owned. Things are quite different in 2022.
Image: Omega

There are new fair market prices for many watch models, totally divorced from the recommended retail price, and you might buy a current production watch several years old that has never been worn, from a third or fourth ow...