When you start collecting watches, at one point or another, you will be faced with the question: Is it really worth it to repair this watch?
Sometimes, it’s easy enough to just cut your losses and get rid of the watch. However, if it’s a luxury or sentimental piece, the decision can be a little more difficult.
Repairing a Watch: What to Consider
Here is what you should consider before you make a final call.
What Is the Watch Worth?
In some cases, repairing a watch can end up costing more than what you bought it for. However, if it’s an heirloom or has personal sentimental value, the cost might be worth it. The other scenario when the repairs might be worth it is if you could sell it for a higher price.
Take the time to get your timepiece evaluated and do a little research to see what other enthusiasts are selling the same or similar watches for.
If you won’t be able to sell the watch for much and you have no problems replacing it, a repair doesn’t make much sense. Especially if you can purchase a brand-new watch for cheaper.
Here are the factors that determine the overall value of your watch.
The Cost of Purchasing a New Watch
If you decide that you would rather purchase a new timepiece, find out what it would cost to service and repair. You may be able to purchase a watch at a great price, but you could end up having to budget for much higher service and repair costs.
All watches need to be serviced and if you care for your watch correctly, repairs don’t have to be a common occurrence. It’s worth finding out more about these additional costs before you invest in a new timepiece.
The cost of a watch service or repairs will also depend on the horologists you use and where you are located. Something extra to keep in mind.
If you think you may want to sell the watch a few years down the line, it’s best to do some additional research to ensure it would, in fact, be a true investment. Here are some of our top watch investment tips.
In summary, deciding whether a watch repair is worth it depends on how much it means to you and whether you plan to sell it later on. If you need any further advice, contact us about a watch valuation.