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How Valuable Can a Watch Be?
There is a wide range of watches out there that come in a wide range of prices. Some watches have prices in the single digits even though they have never been sent to a watch repair specialist. In contrast, other watches at the other extreme end of the spectrum can sell for millions and millions of dollars even if they have been sent to a watch repair specialist on more than one occasion, which speaks volumes about the regard in which they are held. The chances of Denver, CO residents having one of these watches without knowing it aren’t very high to say the least, but it isn’t unknown for them to have come by a watch that can sell for thousands or even tens of thousands of dollars.
What Factors Determine the Value of a Watch?
For Denver, CO residents who are curious, here are some of the factors that can influence a watch’s price whether it has been sent to a watch repair specialist or not:
Brand
A brand can be considered the way that the public perceives a particular business, which in turn, means that it can be considered the way that the public perceives a particular business’s products and services. The more positive the opinion that people have, the easier it becomes to convince them to buy the relevant products and services because there is a pre-existing store of goodwill that can be tapped into by salespeople. Having said that, there are some businesses with brands so powerful that interested individuals are willing to pay huge sums as a premium, which becomes one of the selling points of these brands. There are some watch-makers that can be said to fall into this particular grouping, meaning that interested individuals should double-check the price whenever they come into the possession of a watch by such a watch-maker.
Condition
Naturally, the condition of a watch can have an enormous impact on its value. Generally speaking, there are a couple of main factors that interested individuals will be watching out for. First, there is the physical condition of the watch, which can be summed up as how the watch looks when one examines its exterior for scratches as well as other blemishes. Second, there is the functional condition of the watch, which can be summed up as whether the watch can actually serve its intended function as a watch. In both cases, a watch repair specialist can prove to be very useful for Colorado residents. After all, repair specialists can pick up on potential issues for correction before they can turn into much more serious problems. Moreover, there is a fair amount that said individuals can do to preserve the physical condition of a watch, particularly when the watch owner is also exercising the care and consideration needed to keep it in pristine condition for as long as possible.
Patina
Amusingly, there are some signs of age that shouldn’t be either removed or otherwise mitigated by a watch repair specialist because they can actually add to the value of a watch. In short, there are some kinds of metal that can develop a patina over time, which can have a transformative effect on their appearance. The patina should never be removed by a watch repair specialist because it provides the watch with a potentially valuable sense of character as well as an even more potentially valuable sense of authenticity, so much so that a watch with patina can actually sell for more than the same watch without that distinguishing appearance. Of course, the same can’t be said whenever the signs of age have a harmful effect on the watch’s function because that would be damage rather than character. As a result, interested individuals might want to bring their watch in to a watch repair specialist to get a better idea of what is and isn’t worthwhile.
Box and Papers
A watch should come with a box as well as a set of papers, meaning its warranty as well as its certification or reference card. Should these papers be missing, interested individuals can expect a watch’s value to go down by a considerable measure, not least because that makes it much more difficult for potential buyers to make sure that they are getting what they think they are getting. Having said this, different watches can see significant differences when it comes to whether their box and papers matter or not, meaning that a watch without these item is by no means worthless.
Demand and Supply
Of course, demand and supply play very important roles as well. Demand is the extent to which people are willing to pay for a particular product, so it should come as no surprise to learn that it can be influenced by a wide range of factors. For example, it isn’t uncommon to see the value of a watch soar when it features in a widely-seen bit of pop culture. Meanwhile, supply is the extent to which people are willing to sell a particular product. In most cases, older watches have much more limited supply than their newer counterparts because more of the units made will have either been lost, destroyed, stored away, or otherwise made unavailable to potential buyers. However, it is also perfectly possible for a particular watch to have low supply because no more than a small number was ever made in the first place.
Contact Us
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 Highland Ranch and has made Matheu’s Fine Watches & Jewelry not only one of the largest watch stores to provide repair in Denver, CO but also the entire state.
Whether you need repairs, 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 area.
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 repairs, you can rest assured knowing that you will receive our (3) three-year warranty on major watch repairs that we provide. If you are looking for the best watch repair service center throughout the US, 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.”
