If you have ever wondered what makes a timepiece valuable, then continue reading below to learn the primary factors that contribute towards making a luxury timepiece valuable and how they work together to affect the value of said luxury watch.
Like most things, brand is at the top of the list when it comes to the value of any said item. Certain brands will command much higher prices than others. Why a brand may be more expensive than another brand will be determined by the build quality, materials, craftsmanship, brand awareness, advertising, warranty and much more.
The model of the timepiece can greatly affect the price of the watch depending on how popular the said model is. The model may have not had a re-issue in a very long time and with its initial popularity thus said watch model may have become a rare item to find on the second-hand market thus increasing the value of the timepiece further.
A couple of factors will come to fruition when it comes to the availability of a timepiece. The company producing the watch may have made the watch with limited quantities and released it as a limited-edition piece. It may also have been quite popular and sold out quickly making it even harder to find the watch available in the market.
Like most collectible items, the better the condition of the timepiece, the higher the price it may be able to command on the market. However, unlike Baseball cards or say Comic books, sometimes weathered condition timepieces may actually be worth more than timepieces that are in pristine condition. It depends on the collectors and of course the timepiece.
5. Date of Manufacture
Another factor that will greatly affect the value of a timepiece is how old the watch is to begin with. Antique luxury watches can fetch high prices on the market and of course, the older the watch is the higher.
As an example, the Patek Philippe Henry Graves Jr. “supercomplication” sold for a mind blowing $24 million dollars in November of 2014. The original owner was a banking powerhouse and had a close relationship with Patek Philippe.
6. Market Conditions
Depending on what styles and brands of timepieces are currently in high demand, the value of the timepiece will differ. Just because one said timepiece may have been commanding a high price on the market a year ago does not mean that it is still commanding such a high price today. The prices of items will fluctuate on the market as collectors will fluctuate on what items they are looking for at any given time.
About Matheu’s Fine Watches & Jewelry
Matheu’s Fine Watches & Jewelry has been providing quality products and professional services to the metropolitan Denver, CO area since 1951. The very first watch repair and service facility ever opened in Colorado. Dan Matheu, watchmaker, pioneered watch repair and services in Colorado. Today, Scott Matheu is at the helm steering Matheu’s Fine Watches & Jewelry. With his vision, Scott opened a watch store in Highlands Ranch and has made Matheu’s Fine Watches & Jewelry not only one of the largest watch stores to provide watch repair in Littleton, CO but also the entire state.
Whether you need watch repair in Littleton, CO, watch engraving, or even if you have an antique watch that you would like appraised, you can count on Matheu’s Fine Watches & Jewelry to provide you with superior service each and every single time. All of our watchmakers are factory trained and we have CW21 Certified by the American Watchmakers and Clockmakers Institute (AWCI) on site. This certification has the most stringent standards for watchmakers performing repair, restoration, and service work on watches. With one of the largest service centers in the metropolitan Denver, CO we are not only able to provide watch repair in Littleton, CO but to the entire 50 states as well.
Matheu’s Fine Watches & Jewelry is also a factory authorized service center for Cartier, Tag Heuer, Philip Stein, Swiss Army and many more brands. When you use Matheu’s Fine Watches & Jewelry for your watch repair in Littleton, CO, you can rest assured knowing that you will receive our (2) two-year warranty on major watch repairs that we provide. If you are looking for the best watch repair service center throughout the United States, you cannot go wrong when you choose Matheu’s Fine Watches & Jewelry. With certifications from not only AWCI but SAWTA too, we not only stand out from the pact; we lead it.”