If you love watches and have a collection of a few of the best watches or even if you keep yourself informed about the latest happenings in the world of watches, then you will have a few reasons to like this article.
While most of us buy a watch as a utility object for keeping time, there are quite a lot of people who are avid watch lovers. They love not only to collect watches but look for watches that hold value.
In other words, they would like to sell their watches at a reasonably good price and perhaps invest the same in a modern or more contemporary looking and performing watch. They do their research and always look for watches that hold their value over a long period of time.
There is no doubt that watches are built for durability and longevity. There are many instances where thousands of watches have been in the wardrobes of many men and women for decades and perhaps even a century in some cases.
In this article, we will try to have a look at some of the watches with the best resale value. We are sure this will make interesting reading for all those who love watches and at the same time would like to make some money out of it by having a reasonably good value for the value that they offer.
Which Watches Have The Best Resale Value?
It could be a tricky situation when you are confronted with the question as to which watches have the best resale value. Even the most experienced lovers and collectors of watches may find it a bit tricky when they are asked to give the right answer to the above question. The watches come in different price ranges, and though the functionalities could be the same there are some brands that are more expensive than the others.
Further, watch-making technology has also moved on and therefore this also could have a bearing on the price as they existed many decades ago compared to what they are today. For example, the price of the old steel watches from Rolex is quite different from the sports steel watches from the same company that is available now in the market today.
In fact, modern-day steel watches from big companies like Rolex may be lower when compared to the steel watches that were used by our parents, or grandparents.
Many people consider investments in watches as a smart decision. They also believe that some brands of watches continue to hold their value quite well even after many years and decades. While there is some truth in this belief of many watch owners, it may not be correct to straightjacket the whole thing and come to a conclusion that all old watches from reputed brands continue to be valuable after years and decades.
At the same time, many people make the right decision of investing wisely in some brands of watches and make some smart money out of them when they resell them. Rather than suffering losses because of normal wear and tear as well as depreciation, many of them make money out of it or are able to sell it at the same price at which they have brought it.
Let us look at some brands and makers of watches that are supposed to have a reasonably good resale value. While these are based on inputs from various sources, there are reasons to believe that the estimation and prediction could be quite accurate in most cases.
Rolex Explorer II 216570
There are a few things that positively impact the value of watches and connoisseurs of Rolex Explorer II 216570 believe that this is one such watch. This watch has a history of seeing a regular spurt in retail prices as far as the new makes are concerned. When this happens, it also impacts the resale value of the above brand of Rolex watch.
There are many who believe that over a period of many decades, the resale value of Model # 216570 may increase by as much as 175% when compared to the original price at which it has been purchased. This certainly is a big takeaway and according to many this model from Rolex holds one of the best resale values.
Rolex Cosmograph Daytona
On average the resale value of this watch is also close to 175% and there are a few models of the same watch that command even a higher resale value. This model was seemingly quite popular amongst racing car drivers because it comes with a unique tachymeter scale that can calculate the speed per hour. The tachymeter was fixed on the bezel and this made it unique.
Omega Seamaster 300
Here comes one more brand of old watch that has an impressive resale value. According to experts, it comes with a resale value that is close to 129% of the original cost. Omega for decades has been famous for offering some of the best watches as far as precision, looks and functionalities are concerned. This particular watch has some historical significance too.
It was worn by Buzz Aldrin, the famous astronaut during his Apollo 11 mission. Hence, it has the distinction of being the first watch to have landed on the moon with other human beings.
Patek Philippe Aquanaut
You should consider yourself lucky if you are the proud owner of the Patek Philippe Aquanaut. This watch was introduced in the market in 1997 by Patek Philippe. It has a few things picked up from the previous model known as Nautilus. It is a great looking watch and comes with a gorgeous looking octagonal case. It also is water-resistant up to 120 meters. The strap is also saltwater, and bacteria resistant. It was sold in an auction for $50,000 in 2019.
In case you own one of these models of watches, you surely will get a much higher price than the current version as far as the retail rates are concerned.
The above are just a few examples of expensive watches from some great names. There are many more such brands. If you do your research you could come up with at least two dozens of such high quality, premium watches. If you are the owner of such watches, you can easily expect to get impressive retail value and it will, in most cases, be more than the current retail price and also the price at which you have bought it.
If you have existing luxury watches like Rolex, Omega, and Patek Philippe that you want to sell to buy some of the watches mentioned above, you can sell your watches to Mimi’s Jewelry and get the most value out of your luxury watches.