Estimation Luxury Watch Valuations

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Luxury Watch Valuations

Many of those who wear wristwatches wear them primarily for their practicality, to get a sense of the time and yet, this object that is often relegated to the rank of banality, of the everyday tool, is passionately seen by some as an item worthy of adoration and collection. Of course, we are not talking about cheap models that can be found in shops on every corner but rather the exceptional and unique pieces made by major watchmaking companies such as Rolex, Omega, Cartier, Breitling and Panerai.

If we go back a little in history, more specifically to the seventeenth century, watches were considered important accessories in the feminine and masculine finery. They not only emphasized the outfit of those who wore them, but above all they were the mark of a high social status: the mark of the rich, the badge of the elite. In the modern day, things have not really changed and wearing a luxury watch remains the privilege of the elite and a symbol of wealth.

Many objects that display great craftmanship gain value over time and this is also true for watches. In recent years, the watchmaking market has seen dynamic growth, unlike a strong recession for the new home market. The craze is such that today collectible watches are considered as real financial investments.

In addition to its intrinsic value, the other thing that add to the value of a watch is the story that accompanies it. We still remember the pocket watch made in the early nineteenth century and signed Breguet and Son that was sold for 2.975 million euros at an auction held in the felted lounges of the Four Seasons Hotel on May 6, 2016. The watch was bought by General Moreau in 1800 for the sum of 4,500 francs.

If you want to receive a valuation for a luxury watch, our watch experts will provide you with one within 48 hours.

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