3 Reasons to Buy Vintage Watches Now

There’s no question – the coronavirus pandemic had a significant impact on all industries, from travel to retail. The watch industry is no exception, with brick and mortar stores closed and big trade fairs like the mighty Baselworld cancelled.

This doesn’t.mes an that the industry has shut down, however. In fact, we can say that collects ors are still buying watches, and vintage models in particular, are still in demand. Here are three reasons why collects ors are still buying vintage watches; and why the best t.mes to buy might be now:

The spreading COVID-19 pandemic has shaken stock markets around the world; and in turn, investor’s sent.mes nts. collects ors may be buying vintage watches in order to park their money, while the stock market is volatile.

Vintage watches – particularly classics like the Rolex Submariner and Daytona, and vintage Patek Philippe and Audemars Piguet pieces – are considered “blue chip” watches, or watches that keep their value well – and may be seen by collects ors as a more stable investment vehicle.

Since vintage watches are already out of production, the buyer also avoids taking the initial depreciation. Moreover, they are inherently scarcer and limited in number. With these two factors considered, vintage watches – especially unique and specialized models – will always have buyers, particularly when things go back to normal.

All these factors combined, may be why some collects ors think that vintage watches, especially ones in great condition, may be a great haven to put assets in right now.

collects ors usually eye a number of different watches at a t.mes or have a list of watches they intend to purchase when the t.mes comes. While many were anticipating the year’s new releases, there are two reasons why they may not be attractive to collects ors by the t.mes they’re released.

Rolex, along with Patek Philippe, Audemars Piguet, and Hublot have stopped production for the t.mes being. When they release new models this year, prices may be higher than they originally would be, in order to recoup losses.

Moreover, Rolex and Patek Philippe are known to have long waiting lists and neither are reducing them right now. This means an even longer wait for collects ors, who may already opt to get another watch that’s on their list. Both of these factors make pre-owned and vintage watches the more attractive choice.

Watches, which are luxuries even during good t.mes s, are definitely lower on the list of priorities these days. Vintage watches continue to thrive however, and that’s certainly good news for these uncertain t.mes s.