Some people like to collect watches as a hobby because it opens up many opportunities for them. It is important to understand the history of watches, the manufacturing, and the period in order to discover a great watch, whether at an outlet or a garage sale. It is essential to know about watches in order to avoid ending up with fake ones. So what makes a watch collectible? It is not just about the brand name; there is much more to it. This blog will explain the different reasons why people collect various watches.
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Association of the Watch
Most watchmakers market their watches through brand ambassadors, but their impact has substantially reduced. These days, whenever a watch becomes associated with a celebrity or a certain event or franchise, people prefer to align themselves with it. So, when a watch becomes associated with a celebrity in a movie, for instance, it becomes a collectible for people. For example, if you have seen the movie Le Mans, you would know what Steve McQueen did for the famous watch brand TAG Heuer Monaco.
They Are Limited Edition
Watch models that are limited edition are most likely to become collectibles. Limited editions are sometimes used to commemorate a particular event or innovation. They become collectibles due to their limited supply, which is what drives people to purchase them. Moreover, limited editions are also one of the most challenging watches to get your hands on. They are not available everywhere, so if you have them in your possession, it is a big deal.
One disadvantage of limited edition watches is that they are quite expensive and that is either because of the exclusivity factor or the features they contain. If you are into collecting limited editions, you should be on the pre-order list beforehand. You can do this by keeping tabs on the latest announcements and publications or by staying in touch with your local watch dealer.
A New Model
Sometimes, watchmakers introduce a new model to the market that has a completely different style, features, and design. Most people usually don’t accept these changes, and there is a lot of controversy at first. For example, when Royal Oaks first entered the market, a lot of people were reluctant to purchase their watches. But now, they sell their designs at a much higher cost than that of any other watchmaker.
Another example is Hublot, which was the first brand to introduce leather-strapped watches. This concept was widely rejected, and everyone discouraged the idea of leather strapped watches. But look where they are now. Thus, if a watchmaker releases a model that sparks negativity and a lot of controversy, don’t back off. It could be your next collectible watch.
Little Details Matter
Sometimes, what makes a watch collectible is the little details it has. This could range from something as minor as removing a small feature to changing the color of the dial. For example, the Rolex Sea Dweller previously did not come with a cyclops magnifier. However, now, the Rolex Sea Dweller is similar to its other models, such as the Submariner, because it has a magnifier. Thus, the previous model without the cyclops has now become a collectible watch.
Historical Significance
If a watch has a historical significance, it becomes a collectible. For instance, if any particular watch was used in the past by a famous person, it will be valuable. Most watchmakers commemorate the 50th anniversaries of watches by remaking them and sell them as collectible items. So if you are on the lookout for a collectible watch from the past, be sure to know its date of origin and its past significance.
Brand Legacy
One of the biggest reasons for watches to become collectibles is the position of the brand and its image. This includes the years of experience, the quality of the watches, the performance, and its mere existence. The materials used by the manufacturers are also important for collectors. For instance, one vital part of a luxury watch is the quality of its metal, whether it is platinum, gold, or stainless steel.
Family Inheritance
Sometimes people like to collect watches that were inherited through their families. They are old and probably obsolete by now, but are of immense value. Some people carry pocket watches that have been in the family for years and passed down to the next generation. Even this legacy and lineage causes a watch’s value to go up.
Uniqueness
The uniqueness of a particular watch is another important factor for watch collectors. Sometimes watchmakers introduce unique watch designs in the market. It is not necessary for these watches to be associated with a huge brand or have a powerful presence in the market. The mere idea of owning something unique and different from other watches makes collectors go after these.
The Bottom Line
Collectible watches are either available in a finite quantity or they are going to be outdated soon. They are not just for telling time. It is also about the art and craftsmanship behind it. It is about perfection and precision. Most of all, collectible watches signify the importance of a tradition by having a piece of history and heritage in your possession.
Nathaniel Eckert is an engineer/ property manager with a focus on electro-mechanics and multifamily real estate. He works in New York City with a passion for wristwatches and tequeyoyos.
