Starting a collection of luxury watches can be interesting and rewarding. Here is how you can begin.
1. Determine your Budget
Know the amount you can put into the collection without straining yourself. One luxury timepiece could range between a few thousand dollars to tens of thousands. For instance, at the lower end of the price spectrum, a Tudor Black Bay would go for $4300 while at the higher end, an Audemars Piguet Royal Oak would go for no less than $49,800.
As a watch collector, you should also consider regular maintenance of your watch such as servicing, strap changes and watch protection films.
2. Start with the Classics
It is good to start your luxury watch collection based on what you like.
If you’re interested in a diver’s watch, a Rolex Submariner or Omega Seamaster would be right up your alley. A Patek Philippe Calatrava or Jaeger-LeCoultre Reverso are what you can consider for an understated and elegant dress watch. Chronograph fanatics can purchase pieces such as Omega Speedmaster or Tag Heuer Monaco.
3. Focus on Condition and Documentation
Whether you’re buying a new or pre-owned watch, it is always important to check the condition of the watch. Look for scratches, dents, or any signs of tampering.
Make sure the watch comes with the original box, papers, and service history. This adds to the authenticity and value, particularly if you decide to sell it in the future.
Here at Watch Capital, we sell pre-owned and new watches, including a one-year warranty for all our watches. We also have full papers and authentication guarantees for our watches.
