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How to Tell Whether It’s Worth Repairing Your Watch

How to Tell Whether It’s Worth Repairing Your Watch

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.

Watch Investment Tips_Martins of Glasgow

7 Need-to-Know Watch Investment Tips

The right kind of watch kept in a good condition can end up with a high price tag over time. This is not to say that you should only invest to sell though – owning a unique or vintage watch can be priceless.

If you do want to go the route of investing in a timepiece, it is important to familiarise yourself with brands, models and how the watch valuation process works. Brand is certainly not everything though. Rarity, craftmanship and demand also play a role – discontinued watches are in particular demand.

Most people are familiar with brands such as Rolex and Patek Philippe but demand for brands such as Omega, Tudor, Heuer and Panerai are on the rise.

Since modern watches are manufactured in larger quantities, the return on investment is not as sizeable – not now anyway.

Watches that tend to increase in value over the years are as close to their original condition as possible. Variations of an original model are not as valuable.

Let us get into a few top tips that will help you better understand how to invest in a timepiece or two.

Investing in Watches – 7 Pro Tips

1.Look at Brand Reputation

Watch brands that have impressive reputations are far more likely to sell for higher prices later on. Start by looking at the reputation of the watch brands you are considering before you take the next step.

2. Spend Time on Research

Next, spend time looking at watches that have increased in value over the years and consider why. By connecting the dots and looking at why a watch’s value has increased, you can identify similar characteristics in potential timepieces. Some watches just keep their value better than others, Rolex being one of these brands.

3. Mechanical is Better

Mechanical watches tend to have a longer lifespan. Even if a watch has obsolete parts, a professional watch repairer may be able to create identical parts or source similar parts that will keep the timepiece working as it should. Keep in mind that using generic instead of original parts can affect the value of a watch.

4. Limited Edition is Ideal

Limited edition watches almost always increase in value over time. Statement pieces are automatically more sought after and are easier to sell when you are ready to do so. However, you will need to keep the watch in excellent condition if you want it to fetch an impressive price.

5. Service Your Timepiece

The better the condition of the watch, the more valuable it is. If you are going to repair or service a watch, take it to someone who is reputable, qualified and has experience with your brands. If you are going to invest in a timepiece, do a little research to find a reputable repair centre.

6. Insure Your Timepiece

If you are going to spend a decent amount of money on a timepiece or two, make sure that it’s covered by your home insurer. Cover the watch against both theft and damage.  Martins of Glasgow are be able to offer advice with regards to insurance.

7. Practice Patience

If you are going to invest in a watch with the idea that the value will increase in a year or two after your purchase, you may want to reconsider. Most watches will only see a significant increase in value after 5 to 10 years. Investing in watches takes patience.

Investing in timepieces can be exciting and worthwhile. Just make sure that you are only purchasing your watches from reputable dealers. Take your time when making this kind of investment if you want to make it worth your time and money.

The 5 Rarest Watches Ever Made & Sold

When it comes to collecting vintage watches, it’s all about finding something rare and unique. A higher price is generally one of the indicators that a watch is rarer than most, so it comes as no surprise that some of the rarest watches have been auctioned off for a high sum.

Rolex 4113_Rare Watches

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Watch Straps – How Daring Are You?

For some, watch straps & bracelets are merely functional. Others choose their watch strap carefully to reflect their style and personality.  If you’re in the latter category, what watch strap should you choose and how daring are you?

watch straps

 

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Luxury Watches For Women – Top Picks For 2019

Discover our top pick of luxury watches for women in 2019.  All have the same things in common: Prestige, Quality and Style.

No list of luxury watches would be complete without the inclusion of several world-renowned Swiss brands, names such as Rolex, Blancpain and Patek Philippe.  But don’t overlook France and Italy, countries synonymous with style and fashion, for some designer inspired luxury watches. Of course, beauty is in the eye of the beholder so read on and discover what your choice would be.

Luxury Watches For Women

 

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How To Take Care Of Your Luxury Watch

Craftsmanship, quality, beauty, and investment. These are just some of the words that spring to mind when thinking of luxury watches.  To ensure your watch retains its beauty and function and lasts a lifetime, you need to know how to take care of your luxury watch.

How To Take Care Of Your Luxury Watch

 

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How Often Should Your Watch Be Serviced?

How often should your watch be serviced? The simple answer is around every 5 years if you want to prolong the life of your timepiece and ensure it is always working correctly.  A regular maintenance service will involve stripping down the watch, ensuring all parts are working properly, determine if any parts need replacing, ultrasonic cleaning and more.

Avoiding a regular service means that dirt and oil may build up on the watch, causing it to stop telling the time accurately or to stop working all together.  When you buy a new car, you take it regularly to the garage to get it checked over – so why wouldn’t you do the same with your watch?  Prevention is always better than cure!

how often should you get your watch serviced

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British Watch Brands – Can They Compete With The Swiss?

British watch brands have historically lacked the prestige associated with Swiss watch brands. It’s fair to say that you could travel the world today and many people would be able to list Swiss watchmakers such as Omega, TAG Heur, Vacheron Constantin and more.

But what about the British watchmakers, who were influential in horology in the 18th century? Without the British advances in mechanical movements many of these fabulous Swiss creations would not have their seamless inner workings and would remain a mere pipe dream.

British watch brands

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Women's Luxury Watches

Women’s Luxury Watches – How Much Do They Cost?

Women’s luxury watches have long played second fiddle to men’s luxury watches, but nowadays this has changed. There is a new generation of female watch aficionados who want to own an expensive luxury watch, and also have the independent means to buy one.

Women's Luxury Watches

 

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