Collecting watches can be a rewarding hobby in more ways than one. Not only do you get to try a variety of styles and develop a taste for different watches, you also get a variety of timepieces to wear on different occasions. Plus, you can trade those watches with other watch collectors so you always have a fresh rotation at your fingertips (or on your wrist). But how do you even start?
Here are seven important things to remember when you’re starting to build your watch collection:
1. Look Beyond Classic Brands
While many watch collectors stick with the classics and then delve deep into picking up limited edition or rare styles, you can be a little more creative with your adventure. Branch out to boutique brands, vintage watches, and pre-owned styles to give your watch box some character.
2. Know Your Seller
Veteran watch collectors know how to buy, trade, and sell watches online. They take the time to figure out which sellers aren’t goin to give them a bad deal and do their due diligence by asking lots of questions upfront.
To make things easier, Watch Gang has a dedicated Watch Gang Exchange Facebook Group page where you can communicate directly with sellers and even make requests for certain types of watches. Watches you buy from community members aren’t guaranteed by Watch Gang but you can count on the fact that these sellers are part of a community of members and even ask the community for referrals.
3. Choose Your Iconic Watches
Whether you’re looking for a vintage Rolex or just want to own a real Omega Speedmaster, make a list of your ‘must-haves’ or Grail watches for your watch collection. Once you finally have these in your box, it’s unlikely that you’re going to part with them.
4. Keep Your Eye on Limited Editions
Many watchmakers only make a small batch production of a certain style or release a design to commemorate a special event. Keep your eyes peeled for limited edition or one-time run watches because these often have a high resale and trading value — especially if they are from a known brand or company that has a strong following.
5. Steer Clear of Fads
While it can be fun to jump on the latest watch trend and build a collection around watches that many people are vying for at a given time, you probably won’t get much trade or resale value from trendy watches. Stick with well-made, classic designs and timepieces inspired by grails if you plan on building a watch collection with high value.
6. Don’t Alter the Watch
While it can be tempting to customize your latest timepiece with engravings or modifications, don’t do it if you plan on selling or trading the watch later. You won’t be able to send the watch to a manufacture for service, or repairs if it’s under warranty, Many buyers are looking for originals and won’t pay extra just to have a modified version. Changing the watch in any way will affect its resale value, so plan accordingly.
7. Avoid Collecting Solely for Resale Value
Some watches you end up buying will increase in value while others won’t. Watches that do increase in value tend to increase in value over a period of time — sometimes decades. The real benefit of having exceptional watches is simply owning them and being able to enjoy them as is. Your watch collection should be an extension of your style and personality, and also something you can turn to when need a great-looking watch for a special occasion.
Ready to start building your watch collection? Kick things off with Watch Gang where we send you an amazing watch every month! Members receive watches worth up to 5x what they paid for their membership so you’ll always get a great deal. Plus, you’ll be automatically entered for a chance to win our Rolex Friday and TAG Tuesday giveaways!