4 Reasons to buy a luxury watch second-hand

Watches are about much more than just telling the time – they’re a practical statement piece that stands the test of time itself. Here are four reasons why buying a second-hand watch make sense…

1. Wearing a luxury watch can make you feel like a million bucks. Presumably, the only reason more people don’t wear one because luxury watches can genuinely cost $1 million. 
2. You get more bang for your buck. For the same amount of money it costs to buy a new entry-level luxury watch, you can buy something more sophisticated second-hand.
3. By buying something pre-loved you’ll hopefully end up making money, or at least not losing much. Like most goods, luxury watches typically lose value when their first owner sells them. Over time, however, some luxury brands tend to maintain or increase their value.
4. While there isn’t much of a market for, say, 80-year-old cars, suits or fridges, 80-year-old luxury watches can change hands for staggering amounts. A famous tagline of one of the most acclaimed luxury watchmakers is: “You never actually own a Patek Philippe. You merely look after it for the next generation.”

The perfect perk

Buying a second-hand watch is always a great idea – especially as a gift. They are one of the top 10 items you should buy second-hand. Like buying a second-hand watch for yourself, you get more value for your money. It also increases your chances of finding that one of a kind piece to suit the person you’re buying a gift for. They’ll be thanking you later, knowing that they’re rocking a hard-to-find wrist piece.  

Buying a watch, whether second-hand or new requires a lot of thought. Will it last through time? Will it suit your style? Your safest bet in terms of value is always buying a watch second-hand.