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Determinants to Consider While Choosing to Invest in a Pre-Owned Watch
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INTRODUCTION Buying a pre owned watch often means using depreciation to your advantage - thanks to the dip in the price, you often have available to you a vast variety of exotic pieces at a much more affordable price. However, while selling that pre-owned watch, more often than not, you will be able to recover a large part of your investment. Before you buy a pre-owned watch, you should look into four important determinants which impact the future value of the watch. And to mention these, one has to pay attention to the model, brand and gender along with the release date of the luxury watch.
1.Model – The Striking Feature The model of the watch is an important determinant which goes a long way in professing the innate value of a timepiece. Needless to mention, some models come with an intrinsically high value, all thanks to their simple design. Paying attention to the material of the watch is also important. A stainless steel watch tops the list of luxury watches primarily thanks to its durability, this watch comes with a higher resale tag. When we speak of the model of the watch, the basic functionality of the watch to display hours, minutes and seconds along with date should be looked into. Watches with a simple design are quoted at a lesser price and are preferred in contrast to those with a more complicated design which are expensive to acquire in the reseller’s watch market.
2.Brand Speaks a Thousand Words It is a common phenomenon when many heads turn at the very sight of a branded watch. Making an impressive presence felt on the wrist of its proud owner, it is important to spare some time to identify the strongest and most patronized brands in the watch market. There will surely be a market for certain branded watches which experience a great demand at all times. Hence, choosing a strong brand should be the guiding force behind zeroing in on a second-hand luxury watch. This is identified as a thrifty move when there is a slight difference between the resale price and the prevailing retail price. Thus, with the purchase of a pre-owned branded watch, watch lovers will benefit from a substantial saving as compared to buying a brand new watch from the showroom.
3.Pre-owned Watches for Men and Women Inarguably, the demand for pre-owned women’s watches is much less compared to the market for men’s watches. With a much lower resale value, the decision to take home a women’s pre-owned watch should be followed after looking into its simple yet ageless design characteristics. A word of caution is to refrain from purchasing pre-owned watches which are flashy as these may go out of style much faster.
4.The Aging Factor – Release Date Notwithstanding the fact that new watches will be sold like hot cakes, a contradiction comes in the form of vintage watches which come with a hefty price tag even in the pre-owned watches segment. With watch collection slowly yet steadily taking the shape of a hobby of the elite, there will be many instances that watch enthusiasts will go the extra mile in becoming the proud owner of a vintage watch.
Conclusion In addition to these factors, you should also, of course, look at the condition of the watch you’re interested in, get it checked by a trusted horologist and ensure that you are getting the value that you are paying for.
