Watches are an important part of the lives of many people. Some people wear them due to fashion, others because they need to know what time it is at all times, and some just because their watch is a family heirloom. Whatever reason you may have for wearing one, there are ten factors that determine the value of your watch. This blog post will explore those ten factors so you can figure out how much your watch is worth.
Type of Material
When originally made, most watches were made of gold or platinum. Nowadays, the most expensive watches are made of gold or titanium. Prices can range from hundreds to millions for one watch depending on the material it is made out of.
A brand will also affect how much your watch is worth. After all, if you wear a Rolex then people know that at least you’re wearing an expensive watch.
Brands like Rolex and Cartier require very little introduction as to how much it costs because they are so popular among people who wear watches however other brands may not be as well-known so their prices might not be as high.
If you own a Breitling watch, for example, you may only get several thoudsands for it because that brand is not as popular.
The condition of a watch will determine how much it is worth. Whether or not the glass over the face is cracked, if it has scratches all over, or there are any dents in the metal – these things affect the value of your watch.
Watches that are in mint condition can fetch up to three times their original price while those in poor condition will sell for half that amount at most.
An old watch is more valuable than a new one, especially if it’s 100 years old but still works perfectly fine which says something about its quality and durability.
If you have an antique pocket watch from the 1800s, then you have a very valuable item.
The more rare your watch is, the more it will be worth. For example, there are only several pink diamond watches in the world so if you’re lucky enough to own one then you can sell yours for a fortune.
Watches that were produced in limited numbers are also more expensive because they’re not as easy to find and purchase by others who may want one just like them.
In fact, some people might even pay a fortune for an ugly or unusual looking watch just because it was made in limited numbers and therefore is hard to come by.
Even though looks don’t matter when it comes down to price, rarity does greatly affect how much a watch is worth.
Size & Shape
In general, women’s watches are smaller and lighter than men’s watches. While most men wear a large, heavy watch that is around 44-45mm long (in diameter), women’s watches average around 36mm in length.
It doesn’t make much of a difference whether your watch is small or big but it does affect the selling price so if you have a big watch, then it might be worth more than a woman’s watch which is smaller because there are less of them out there.
Dial Color or Pattern
The color or pattern on the face of the watch also determines its value. For example, white gold with diamonds on the face would sell for more money than gold without diamonds because the person buying it knows that the person selling it is wealthy and may be willing to buy them other items as well.
The size of the watch also affects its price. Generally, men’s watches are bigger than women’s watches so they’re more expensive because fewer women own a large watch.
The larger the watch, the more precious stones and metal there are which means a higher price tag overall.
Watches with features like GPS tracking systems or chronographs are worth much more money than those without these additional features because people will pay for anything that makes their lives easier or is just plain cool to look at.
For example, cars with fancy gadgets like Bluetooth phone connections sell faster than others because people want all the bells and whistles.
The movement is one of the factors that determine the price of a watch. Simply put, a watch with a mechanical or automatic movement is worth more than one with an electronic movement because they’re usually less common and costlier to produce.
If you have a choice between an automatic and electronic watch, then it might be worth your while to buy the automatic one even if it’s a few hundred dollars more expensive because it will last much longer and you won’t have to worry about replacing the battery every year or two.
Even though it doesn’t directly affect the value of a watch, knowing how to tell the difference between real and fake watches is also important.
If you can’t tell for sure whether your watch is authentic or not then it might be worth less money but if you know how to check over certain parts that are typically faked, then your watch might fetch a better price than expected because they’re actually good quality fakes or replicas.
Replica items do not fetch as much money as originals, so even if you get $1000 for a replica Rolex, when someone sells an original Rolex in mint condition for $10,000 at least the buyer will be happy with their purchase.
In, your watch’s value depends on a lot of different things. The way to get the best price for your watch is to make sure that it’s in perfect working condition, that it has all its parts and pieces (band and case), that everything looks good on it (appearance-wise but also wear and tear) and that you can tell the difference between real watches and fakes so you know what people will actually buy when they see yours.