Watches That Retain Their Value
When you wear a watch, you make a statement. A casual watch shows the world your laid-back approach to life, one with different time zones shows you’re an adventurer, and a luxury watch represents your upscale lifestyle. If you’re a watch connoisseur, you may look for the following brands. They not only have high-quality craftsmanship and sophisticated designs but also retain their value.
Why Do Some Watches Hold Their Value Better Than Others?
Several factors influence why certain watches hold their value, including the watch’s brand, model, age, and rarity. How can you know the value of a luxury watch?
To begin with, you need to understand the dynamics of how to value a watch. First, you need to know the watch’s make and model. If you’re lucky enough to have the original box and paperwork, it will be easier to find the model number so you can evaluate it. You can also use online resources to help you get an idea of the watch’s overall value.
However, while you can estimate the watch’s value yourself, a professional who understands the nuances of luxury watches will be better able to give you its true worth. With that said, which watch brands typically retain their value?
Are Rolex Watches a Good Investment?
In the world of luxury watch brands, Rolex watches consistently hold their value and are a good investment. Why is that? The Swiss brand Rolex has made durable luxury watches since 1905. The founder of Rolex, Hans Wilsdorf, envisioned a wristwatch made with precision movements that would become a benchmark of quality and prestige. To this day, people associate wealth and affluence with the Rolex brand.
Rolex makes its watches with exceptional quality, so they can stand up to wear and tear. In fact, Sir Edmund Hillary and Sherpa Tenzing Norgay, the first people to reach the summit of Mount Everest in 1953, wore the Oyster Perpetual Rolex watch. Making it to the top of the highest mountain in the world is testimony to this watch brand’s strength and endurance. Vintage Rolex watches retain their value the most, with models such as the Deepsea, Submariner, and Oyster Perpetual commanding the highest prices.
Do TAG Heuer Watches Hold Their Value?
Yes, they do. TAG Heuer has made luxury watches for a diverse group of people and situations. One of the reasons this watch brand is so successful is its quality craftsmanship and marketing campaign. TAG Heuer has used celebrities such as Elvis Presley and Chris Hemsworth to showcase its watches. When someone sees a celebrity or influencer wearing a particular watch brand, the value of that brand rises.
Another aspect that helps TAG Heuer watches hold their value is the brand’s collection of dive watches. Divers and others involved in water sports can take their TAG Heuer dive watches to a depth of 1,000 feet without damage to their components or working parts. The Carrera, Monza, and Monaco are specific TAG Heuer watch models that retain their value.
Why are Rolex watches more expensive than TAG Heuer? For several reasons, including the Rolex watch’s construction and attention to detail. Rolex also has a longstanding reputation for luxury and quality and is associated with wealth. While TAG Heuer watches hold their value and are an excellent investment, Rolex watches are still at the top of the list.
Why Do Patek Philippe Luxury Watches Retain Their Value?
Patek Philippe luxury watches have a reputation for exclusivity and elegance and are associated with the wealthy. This independently owned Swiss watch brand makes all the parts in-house using high-quality materials and parts assembled by highly trained watchmakers.
Whether new or vintage, Patek Philippe watches command high prices because of their rarity. While the company makes over 200 models, it takes time for each one to receive the Patek Philippe Seal. This seal of approval helps ensure the quality of each watch. All Patek Philippe watches have a unique yet simple design that is captivating and sophisticated. Patek Philippe models that hold their value especially well are from the Aquanaut Collection, the Nautilus Collection, and the Calatrava Collection.
Are Omega Watches Considered a Luxury Brand?
Watch aficionados typically consider Omega a luxury brand. While not as expensive as brands such as Rolex, Patek Philippe, and TAG Heuer, Omega watches appeal to a younger generation of affluent watch wearers. People respect the fine craftsmanship, precision movements, and luxury appearance of Omega watches.
The company makes the Co-Axial movement pieces in-house and has tight quality control over each piece. Omega watches rose to fame as a household name when astronaut Buzz Aldrin of the first moon landing in 1969 wore an Omega Speedmaster Professional Chronograph on that lunar mission. The Seamaster, Speedmaster, and Constellation models command top dollar if you’re looking for an investment Omega watch.
What Is Notable About the Jaeger-LeCoultre Watch Brand?
The Swiss watch brand Jaeger-LeCoultre has made luxurious watches since 1883. You may recognize this watch brand if you’ve watched the television show “Mad Men” in which most of the advertising executives wear these prestigious watches. You can choose from several Jaeger-LeCoultre watch styles, from classic dress watches to intricate dive versions.
Jaeger-LeCoultre models that hold their value include the Reverso, the Master Ultra Thin, and the Duometre. You can also look for unusual models, such as the Rendez-Vous Dazzling Shooting Star with its “Stellar Odyssey” theme that takes you on a journey through the cosmos. The face surround of this stunning watch consists of sparkling diamonds surrounding a deep blue bezel highlighted by a gold shooting star that blazes across the arc when you move your wrist.
Las Vegas Jewelry & Coin Exchange is the premier shop in the Las Vegas, Nevada, area for buying and selling fine jewelry, upscale watches, and collectibles. If you’re looking to buy something for yourself or as a gift for someone special, come to our shop to view our selection of collectible watches. And if you’re interested in upgrading to another watch brand, we’ll also buy your luxury watch.
ROLEX WATCHES! by foeoc kannilc is licensed with CC BY 2.0