4 Benefits of Buying a Pre-Owned Luxury Watch
Why Buying Pre-Owned Luxury Watches is a Smart Investment
4 Benefits of Buying a Pre-Owned Luxury Watch
Luxury watches have long been symbols of wealth, status and impeccable taste. Brands like Rolex, Patek Philippe, Audemars Piguet, Cartier, Breitling, Tag Heuer, and Omega command eye-watering prices for their new timepieces. But did you know you can get your hands on these coveted luxury watches for a fraction of retail prices by going pre-owned?
Buying pre-owned luxury watches offers many advantages that savvy buyers have leveraged to build impressive watch collections. Here are four key benefits to buying pre-owned versus new when it comes to high-end timepieces.
Significant Cost Savings When Buying a Pre-owned Watch
The most obvious perk of buying second-hand luxury watches is the huge cost savings compared to purchasing brand-new ones. For example, the retail price for a new stainless steel Rolex Submariner is around $8,000. But you can find pre-owned Submariners from the 1990s and 2000s for $4,000 to $6,000 in excellent, like-new condition. That's a discount of 25% to 50% off retail.
Vintage models from luxury brands that have long been discontinued also trade for much less pre-owned than what they cost new. Watches like the Patek Philippe Nautilus sell for tens of thousands below current retail prices. Even higher-end complications like pre-owned Audemars Piguet Royal Oak Perpetual Calendars can be attained for $40,000 to $75,000, instead of over $100,000 new.
As you move into more coveted, limited production references, the relative savings become even greater. Pre-owned Rolex Daytona models that retailed around $13,000 in the 1990s and 2000s now trade hands in the $20,000 to $30,000 range. However, brand new Daytonas now demand over $30,000 at retail. That means buying pre-owned offers thousands in instant savings.
Access to Discontinued and Rare Models
In addition to the significant cost savings, buying pre-owned timepieces grants access to discontinued references and rare models that you cannot obtain brand new anymore. Luxury watch brands frequently refresh their collections and release new versions of existing models. This means certain references get discontinued and become unavailable at retail.
Some great examples are the Omega Speedmaster 145.022, the famous Rolex watch Submariner 16610LV, and the Panerai Luminor Marina 44mm PAM00001. These discontinued watches are highly sought after by collectors and can only be found pre-owned since retailers no longer carry them.
Rare vintage watch models like Patek Philippe perpetual calendar chronographs and Rolex Paul Newman Daytonas are also exclusively available in the pre-owned market. These grails frequently sell at auction for hundreds of thousands. So the pre-owned market grants exclusive access to watches that are no longer or rarely manufactured.
Potential to Appreciate in Value
Certain luxury watches not only retain their value but actually appreciate significantly over time. This makes them worthwhile investments as their resale price down the road can far exceed what you originally paid pre-owned.
Sports Rolex references like the Submariner, GMT-Master and Daytona have seen their values skyrocket in recent decades. The same goes for Patek Philippe and Audemars Piguet steel sports models. Vintage references from the 50s-70s have also appreciated steadily due to rising collector demand.
In fact, some luxury watches have gained so much in value that they have become bonafide investment assets. The Rolex Daytona “Paul Newman” 6239 sold for a record $17.8 million in 2017. A pre-owned Patek Philippe Henry Graves Supercomplication fetched $24 million back in 2014 as well. While your pre-owned watch may not break auction records, there is still an opportunity for substantial appreciation in equity over time.
Built to Last for Decades
Finally, when you buy a pre-owned luxury timepiece, you are getting a watch built to the highest standards of quality, precision and durability. Brands like Vacheron Constantin, Audemars Piguet and Rolex use meticulous craftsmanship with precious metals and movements designed to last generations without issues.
As long as you care for it properly, a pre-owned luxury watch will easily last decades and hold up through normal wear. Many vintage references from the mid-20th century still run accurately and smoothly to this day. So you can be confident that a pre-owned luxury watch will serve you reliably for many years before needing a service. And many brands will still service vintage pieces to keep them ticking along.
In summary, pre-owned luxury watches offer immense value and utility:
- Cost Savings: 25% to 50% discounts off comparable brand-new models
- Accessibility: Obtain rare, discontinued references no longer available new
- Investment Potential: Opportunity to profit on appreciation over decades on specific models
- Durability: Built to last generations thanks to superior craftsmanship
So for shoppers seeking luxury timepieces that represent strong value, the pre-owned market is the clear choice. You gain access to a world of exquisite watches at attractive prices that will one day become sought-after vintage heirlooms.
Navigating the Luxury Second-Hand Watch Marketplace
For first-time buyers, the pre-owned luxury watch world can seem daunting. Here are some tips on how to navigate the marketplace:
- Buy the seller, not just the watch. Only purchase from trusted, reputable dealers with strong guarantees, inspection policies and authenticity guarantees. High-end watch boutiques like Debonar Watches are safe bets.
- Compare prices and conditions. Search Chrono24, Cawiki, forums and dealer sites to price-compare specific references. Focus on condition above all - boxes and papers don't affect value as much as physical wear.
- Ask plenty of questions. Don't be afraid to extensively question sellers on a watch's service history, parts condition, accuracy, etc. Serious sellers will gladly answer.
- Get an authentication. For higher-value watches, get a professional appraisal from a third party to verify legitimacy and condition rating. Worth the extra cost.
- Use escrow services. To buy from a private seller, use a secure escrow service like Chrono24 or PayPal to ensure you receive the watch before paying in full.
While pre-owned watch buying involves risks like fakes and misrepresentation, ample due diligence will help you land an iconic luxury timepiece you'll cherish for life. And one that will only become more valuable as time goes on.
In conclusion, buying a pre-owned luxury watch can provide immense satisfaction and value. With a trusted seller like Debonar Watches, you can shop our vast collection of certified pre-owned watches with confidence. We authenticate every second-hand and vintage timepiece to ensure it is 100% genuine.
Whether you are looking for a used Rolex Submariner or a Patek Philippe Nautilus, our experts can help you find that special pre-owned watch. We also buy luxury second-hand watches to refresh our collection continuously. Contact us online and experience our selection of box papers and pre-owned watches firsthand. With Debonar Watches, you get the peace of mind that every watch is authentic and ready to become the next treasure in your growing collection.