How Watches Are Valued According to Their Worth?

Watches that have high price are given more preference as compared to those which lesser amount but there are some factors that add to the worth of the watch. What are they? Continue reading the article to know about it.

Factors contributing to watches’ worth:

1. Brand: Price is always of brand and not of product. In the game of time piece, the lead is taken by Rolex and Omega. Even if the watch is second hand but belongs to a famous brand, it is going to cost you a lot because people are well aware of the fact that such brands produce high quality products. For instance, people know very well about IWC, its quality and price.
2. Condition: this means that the watch should not be broken or it shouldn’t have cracks in it. It must not be faulty and all of its part must be complete. If a watch is sold with its complete set, it is going to be valued more.
3. Scarcity: This refers to the information of how many version of the watch are being sold or bought by people. This adds to the popularity of the watch and increases its worth. For example, if the watch is a special edition that is limited to only few people them buyers feel no problem in paying more money than the original price just to gain those few last pieces of watch because it is not only good in quality but also offers amazing additional features. Who wouldn’t want such masterpiece?
4. Famous faces: There are many chances that most of the watches are worn by celebrities for their one time show or play or during their TV projects. This increases the value of watch to such an extent that is beyond the thoughts of people. Once worn by a celebrity, you have to pay double amount to own it.
5. Patina: This feature provides a classic look to the watch. This shows a layer of colours on the surface of watch. It adds value to the watch and enhances the worth if the colour appears as watch is directed at right angle.

Where to get a valued watch?   

You can get a valued watch through:

• Jewellers: In today’s market, a watch jeweller can provide luxurious watch at accurate price based on his exposure.
• Online: An easy and quick way to receive valued watch according to its worth, online tools are present and used by dealers of watch.

Take a look at other people who are selling the same watch. Consider the price at which they are selling it. You can find a number of models on sale be it online or on retail. You can come up with reasonable valuation if you search on various websites like eBay.

Watches should be stored properly so that they don’t lose their value. Keep the watch clean and at a safe place to maintain its value.