Value Your Watch https://valueyourwatch.com/ The Safest Way to Buy a Watch / The Fastest Way to Sell a Watch Thu, 11 Aug 2022 02:19:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://img.valueyourwatch.com/wp-content/uploads/2021/07/19170240/cropped-Favicon-VYW-32x32.png Value Your Watch https://valueyourwatch.com/ 32 32 Omega MoonSwatch https://valueyourwatch.com/omega-moonswatch/ Thu, 11 Aug 2022 02:19:01 +0000 https://valueyourwatch.com/?p=24064860 It’s no secret that the relatively new release of the Omega MoonSwatch has rocked the world of watches. Throughout the world, Swatch stores have lines so long that it reminds you of the early days of Apple where people would camp outside in lines, sometimes sleeping there the entire night before, just for the Apple […]

The post Omega MoonSwatch appeared first on Value Your Watch.

]]>
It’s no secret that the relatively new release of the Omega MoonSwatch has rocked the world of watches. Throughout the world, Swatch stores have lines so long that it reminds you of the early days of Apple where people would camp outside in lines, sometimes sleeping there the entire night before, just for the Apple store to open its doors and allow those dedicated followers to be one of the first to buy the new iPhone or Macbook. For the average watch consumer, it begs the question, “why is this new collaboration of Omega and Swatch creating so much buzz?”, which is a great question and one that I will attempt to answer in this article, as well as discuss the new Swatch models that are out and which are trending as the most popular. 

 Before we can get into the hysteria around the new Omega MoonSwatch, first we’ll need to look at the 1000 foot view of both companies and how they fit into the watch market. Over the last 5 years, Omega and the rest of the luxury watch industry has been losing market share to Rolex, with Rolex now owning nearly 30% of the entire market just by itself. In addition, Omega has been the 2nd largest Swiss watch manufacturer for a long time and held its market share very well. However, last year, Cartier overtook Omega’s spot as the 2nd largest watch manufacturer in the world, which meant it was time for Omega to do something to prevent their brand from continuing to lose market share. What ended up happening was Nick Hayek Jr., CEO of the Swatch Group which is the company that owns Omega among several other luxury timepiece brands, came up with one of the most crazy and genius marketing strategies that we’ve seen from luxury watch brands, which was he was going to use the iconic Omega Speedmaster dial and combine it with a Swatch casing and a quartz movement. If that wasn’t crazy enough, they were going to sell it for only $260 bucks. What that means is, now a watch consumer can wear a watch that looks so much like a true $5,000 Omega Speedmaster from a distance, for a low price of only $260 bucks. Needless to say, the Omega Swatch has been a huge hit and is creating demand in the quartz category unlike we’ve seen in modern history. This monumental and novel collaboration has opened the doors of luxury timepieces to a much broader audience of potential collectors that can now own an iconic looking watch at a very accessible price point. 

Next, we’ll go into detail about the Omega MoonSwatch and cover the similarities and differences to the actual Omega Speedmaster Moonwatch it’s meant to look like. In terms of the casing, the case structure of the Swatch is so similar to the Moonwatch, that it’s actually possible to swap bracelets of the two watches and have them fit, once again conveying the idea of being able to wear a watch that costs $260 bucks but looks like a watch that costs $5,000 bucks. Not only that, in addition to the same size of 42 millimeters, the MoonSwatch also has the same crown and chronograph design. As for the strap, to represent the spirit of democratization as well as the sense of space exploration, the MoonSwatch is fitted on a velcro strap that allows you to tailor fit the watch to your wrist. Swatch brought to the table their bioceramic case material as well as 11 different colors to choose from. As for the differences, the case is 50 meters water resistant on an Omega Speedmaster, while it’s only 30 meters splash resistant for the MoonSwatch. 

To continue, we’ll now go over the different options available for the MoonSwatch. 

Mission to the Sun

Source: Swatch

The first timepiece on the list is the Omega MoonSwatch “Mission to the Sun”. Once glance at the color, and you will see why the name is so fitting. The color coat is called sunbrush gold and with the white sub-dial on the white strap, this model will definitely stand out for anybody wearing it. 

       Mission to Mercury

Source: Swatch

The next timepiece we’ll go over is the Omega MoonSwatch “Mission to Mercury”. This color combo is far less flashy than its Mission to the Sun counterpart. The black dial on this model looks extremely similar to the original Omega Speedmaster Moonwatch dial, and the gray bracelet gives it an overall subtle but sharp look.  

Mission to Venus

Source: Swatch

Next on this list is the Omega MoonSwatch “Mission to Venus”. This one is a bit different because it has oval sub-dials as opposed to the traditional circle sub-dials. It comes with a white dial combined with a pink case and white strap. 

Mission on Earth

Source: Swatch

To continue, we have the Omega MoonSwatch “Mission on Earth”. This celebrates our own planet by using two colors of the year in the recent era, blue and green. Not only is it green, but it’s a mint green to make it more appealing to the eye. 

Mission to Mars

Source: Swatch

Next on this list is the Omega MoonSwatch “Mission to Mars”. This model has been the most popular out of all 11 MoonSwatch models. The reason for this is it’s designed to look like the Omega “Alaska Project” Speedmaster that continues to go up in value.  

Mission to Jupiter

Source: Swatch

To follow, we have the Omega MoonSwatch “Mission to Jupiter”. Similar to the Mission to Mars model, this model takes inspiration from another highly coveted Omega Speedmaster. These models are some of the rarest models of the Swatch lineup. 

Mission to Saturn 

Source: Swatch

To continue, we have the Omega MoonSwatch “Mission to Saturn”. It comes in a versatile beige with a Saturn ring going around the bottom sub-dial. 

Mission to Pluto

Source: Swatch

Next, is the Omega MoonSwatch “Mission to Pluto”. It combines the safety of a gray case with a pop of burgundy both on the bezel and on the sub-dials. 

Mission to Neptune

Source: Swatch

To continue, we have the Omega MoonSwatch “Mission to Neptune”. It comes in a deep blue that stands out and will be an eye-catcher. 

Conclusion

To conclude, we covered the madness behind the mania of the Omega MoonSwatch as well as some of the most popular models. Now it’s up to our readers to determine whether all the hype is justified or not. 

The post Omega MoonSwatch appeared first on Value Your Watch.

]]>
The Hottest IWC https://valueyourwatch.com/the-hottest-iwc/ Thu, 28 Jul 2022 21:31:00 +0000 https://valueyourwatch.com/?p=24063602 In the world of luxury timepieces where almost all the best brands in the world were founded in Europe and eventually moved to Switzerland, the International Watch Company, also known as IWC, tells a very different story. As opposed to the European roots, IWC was actually founded in the United States of America in 1868 […]

The post The Hottest IWC appeared first on Value Your Watch.

]]>
In the world of luxury timepieces where almost all the best brands in the world were founded in Europe and eventually moved to Switzerland, the International Watch Company, also known as IWC, tells a very different story. As opposed to the European roots, IWC was actually founded in the United States of America in 1868 by an American engineer and watchmaker Florentine Ariosto Jones. At the time, Jones had been a director of E. Howard & Co in Boston, Massachusetts, the leading watchmaking company in America, but he saw an opportunity in the market where he could combine Swiss craftsmanship with the modern engineering technology from the United States to manufacture watch parts and watch movements for the booming American watch market. During this time period, wages were much lower compared to those in the United States even though there was a large and ready supply of highly skilled watchmaking labor, which would give Jones a competitive advantage over his American watchmaking competitors. In addition, most of the fine Swiss watchmaking was still done in people’s homes, however, Jones wanted to change that. Jones set his sights on opening a factory for his new watch company in Switzerland, and ended up choosing a city called Schaffhausen. This was a big deal for the city because at the time, Schaffhausen was in big danger of being left behind by the Industrial Revolution. During this stage, industrialist and watch manufacturer Heinrich Moser built the first hydroelectric plant Schaffhausen in which laid the foundation for the future of industrialization of the city. Moser met with Jones and together they decided to team up and built the foundation for the only watch manufacturers in Northeast Switzerland. To this day, IWC is still located in Schaffhausen and even does business under the name IWC Schaffhausen. Fast forward to today, we will be discussing the most popular models of the IWC brand and what you should know about each model. 

IWC Pilot:

First, we will start off with the model that put IWC on the map, the IWC Pilot. Back in the early 2000’s, IWC was one of the hottest watches on the market, specifically around the Pilot. In fact, the IWC Pilot was so successful that other brands started making their own version of Pilot watches and eventually caused IWC to lose market share as other brands were able to make Pilot watches that customers loved as much or more. So while the IWC Pilot is not as popular as it once was, it’s still one of the most popular models in the IWC brand. 

IWC Big Pilot “Le Petit Prince” 

IWC Big Pilot 7-Day IW5004-01

Details:

  • Reference number: IW501002
  • Case material: Stainless Steel
  • Dial color: Blue
  • Caseback: Closed
    Movement: 521100
  • Size: 46mm
  • Used Price: ~$10,000

The Big Pilot is arguably one of IWC’s most famous timepiece models the brand ever created. The large 46mm dial combined with a large “onion” crown gives this watch a powerful wrist presence, which makes sense that celebrities such as Arnold Schwarzenegger have been seen wearing this watch. 

IWC Pilot Mark XVIII 

IWC Pilot Mark XVIII

Details:

  • Reference number: IW327001
  • Case material: Stainless Steel
  • Dial color: Black
  • Caseback: Closed
    Movement: 30110
  • Size: 40mm
  • Used Price: ~$3,700

At a much more reasonable price tag compared to a lot of IWC’s other Pilot models, the Pilot Mark is made to resemble the heritage of the most basic pilot watch, which has made this model highly collectable among IWC collectors. 

IWC Pilot Timezoner Chronograph

IW395001
Source: IWC Website

Details:

  • Reference number: IW395001
  • Case material: Stainless Steel
  • Dial color: Black
  • Caseback: Closed
    Movement: 89760
  • Size: 46mm
  • Used Price: ~$9,000

A true watch for a pilot, this timepiece will keep track of a second time zone as well as the time in different cities around the world, very helpful for an international pilot who’s timezone is constantly changing. 

IWC Aquatimer:

While IWC did produce a timepiece called “Mark X” in 1945 for the British military in WWII that was coined “waterproof”, it really wasn’t actually waterproof, it was closer to water-resistant. The first true waterproof IWC was released in 1967, with the IWC Aquamtimer. The initial Aquatimer had a water resistance to 650 feet and used a rotating internal bezel and two crowns, one of which operated the bezel. 

IWC Aquatimer Chronograph “Charles Darwin”

IW379503
Source: IWC Website

Details:

  • Reference number: IW379503
  • Case material: Bronze
  • Dial color: Black
  • Caseback: Closed
    Movement: 89760
  • Size: 44mm
  • Used Price: ~$9,500

In 2009, the Aquatimer line was revised to have an external rotation bezel with special coated sapphire glass. Further redesigns in 2014 included a new case construction with an external/internal rotating bezel. That’s why collaboration between IWC and the Darwin Society in its research facility in the Galapagos Islands. That’s why IWC made the Aquatimer “Charles Darwin” edition to honor the work done between the two organizations. 

IWC Aquatimer Automatic

IWC Aquatimer 2000. Excellent condition. Watch and card only.

Details:

  • Reference number: IW356805
  • Case material: Stainless Steel
  • Dial color: Black
  • Caseback: Closed
    Movement: 30120
  • Size: 42mm
  • Used Price: ~$3,900

A very popular IWC under $4k, these models feature a rotating timing bezel with 300 meters of water resistance. Made out of stainless steel, they are far cheaper than the other models of the Aquatimer line made out of other materials such as bronze or rose gold. 

IWC Portugieser:

In the 1930’s, two watch wholesalers from Portugal named Rodrigues and Teixeira Messrs, approached IWC claiming that the demand for watches in Portugal was still very high despite the Great Depression, which led to IWC naming an entire model line after the country Portugal. While the Portugieser model did not really find success at first, around the early 2000’s it really started to take off with the release of the Portugieser Automatic. 

IWC Portugieser Chronograph 18k gold

IWC Portuguese Chronograph 18K Rose Gold IW371480 Silver Dial 40.9mm SERVICED!

Details:

  • Reference number: IW371611
  • Case material: Gold
  • Dial color: White
  • Caseback: Open/See through
    Movement: 69355
  • Size: 41mm
  • Used Price: ~$15,000

A stunning dress watch fully equipped with solid gold casing, a gorgeous see-through caseback, with a classy 41mm size, this one is a stunner. However, with a $15k+ price tag it will be out of reach for many. 

IWC Portugieser Chronograph Stainless

IW371605
Source: IWC Site

Details:

  • Reference number: IW371605
  • Case material: Stainless
  • Dial color: White 
  • Caseback: Open/See through
    Movement: 69355
  • Size: 41mm
  • Used Price: ~$7,000

If the gold casing sister model is out of your budget, then look no further as here is the same exact watch in terms of style and movement for half the price, with  the only difference being that the casing is made out of stainless steel. In addition, the blue hands on white dial is universally a very popular look, so this is a great bargain all around. 

Conclusion

We now have covered the IWC brand in depth and all the popular  models. Armed with this knowledge, you can now go into the marketplace and know which watches will be the most popular as well as the story behind each one. 

Sing Up for our Weekly Newsletter below

The post The Hottest IWC appeared first on Value Your Watch.

]]>
Panerai Carbotech https://valueyourwatch.com/panerai-carbotech/ Tue, 26 Jul 2022 18:36:03 +0000 https://valueyourwatch.com/?p=24063436 As one of the oldest and most successful luxury timepiece brands of all time, Panerai is a classic. Their signature 1950 casing and 44 millimeter size case have produced some of the most desirable Panerai models ever created. However, as the brand fights to maintain relevance, the brand has decided to step out of its […]

The post Panerai Carbotech appeared first on Value Your Watch.

]]>
As one of the oldest and most successful luxury timepiece brands of all time, Panerai is a classic. Their signature 1950 casing and 44 millimeter size case have produced some of the most desirable Panerai models ever created. However, as the brand fights to maintain relevance, the brand has decided to step out of its comfort zone in recent years and try out some new designs. Of some of the new designs we have seen, one of these changes happened to be the introduction of carbon fiber in the casing of the timepiece. As you may know, carbon fiber is one of the most durable and highly sought after materials in the world (most exotic cars tend to have a lot of carbon fiber in their designs). For Panerai, this led to what is now known as the Carbotech model line up, that is, Panerai timepieces with casing made entirely out of carbon fiber. For anyone who has a problem with being rough with their timepieces, the Carbotech line was finally the solution to their problem. In this article, we will cover the models of the Panerai Carbotech.

  

Panerai Luminor Marina 1950 3 Days Automatic Carbotech PAM 00661
Beautiful PAM Carbotech!

Pam 661

The first luxury timepiece of the Carbotech that was released was the Pam 661, which when it first came out, had MSRP of a whooping $11,800. 

This model contained a contemporary matte finish that was both lightweight and easy to wear while at the same time also being extremely durable. There are even reviews on several of the most popular watch forums telling stories such as one guy dropped his Panerai 661 off a bridge onto hard rock and the watch didn’t even get one scratch, which is insane if you think about it. It boosted the iconic and highly coveted 1950 casing, so it could maintain its appeal to the Panerai collector community. It also kept the super popular 44 millimeter case sizing, which creates the perfect balance of wrist presence while also sitting comfortably on the wrist. On top of being the most desirable size, the case is shaped with a sloped bezel for an easy fit under the sleeve of a long-sleeve shirt. This timepiece comes with the extremely popular blue hand on the sub-dial, a signature model for Panerai similar to the success of the 44 millimeter casing and the 1950 casing, which means that the 661 is great value buy as it has all of the characteristics beloved by the Panerai community. With over 300 meters of water resistance, there are forum reviews online that show users of the Pam 661 swimming while wearing their beloved timepiece reporting zero issues at all. In terms of the movement, it comes with a P.9010, which comes fully equipped with a 37.8 diameter, 31 jewels, and a 72 power reserve. The P.9010 is the successor to the P.9000 movement, and it features a slightly slimmer design with a balance bridge secured on two sides. This movement was developed and manufactured by its parent company Richemont’s movement supplier Manufacture Horlogere ValFleurier, although it did claim to be an in-house movement made “entirely by Panerai” or similar claims simply stated a different way. There is no open caseback on this timepiece, so you unfortunately won’t be able to see the movement without opening it. 

 Pam 1661

  Next, we will cover the successor to the Pam 661, which is the Pam 1661. This model was a huge hit, and was much more successful due to Panerai deciding to improve the “dirty” brownish lume on the Pam 661 dial, the Pam 1661 changed the color of the lume to a highly light blue that made the timepiece appear high-tech and futuristic, a look that took the Panerai enthusiast community by storm. These new designs led to this newer model having an even higher MSRP than its predecessor at $13,900, but the higher price didn’t stop the Panerai enthusiast community from snatching up this beautiful timepiece. In terms of the movement, it contained the same P.9010 movement as its predecessor, and it also comes with a closed caseback as well, so really no upgrade at all when it comes to the movement. Moving onto the casing, it still features the iconic 1950 casing in the hottest size for any Panerai, 44 millimeter, which allows it to have the same classy wrist presence we’re used to seeing with Panerai. With this model, Panerai decided to limit the production to only 2,000, which means that supply will be kept relatively low and when you factor in the high demand for these models it’s easy to see why even on the used market these timepieces are still trading for around $10,000. One benefit for many users is that the Carbontech carbon fiber casing is a much lighter feel compared to the traditional stainless steel casings that many of the Pam’s from the 1950 Luminor line come in. To give an idea of how heavy the carbon fiber case will fit, it is very comparable to a titanium casing in terms of the physical weight and warmth it has on your wrist. This makes it a great option for those users who love the classic minimalistic dial design of Panerai but are turned off by the weight of the more traditional stainless steel models that this brand offers. 

Pam 1664

Finally, we will cover the Pam 1664, the newest model of the Carbotech line. This model still features the 1950 casing and 44 millimeter just like its predecessors, however, it brings an entirely new look. Featuring a dark blue bezel with a light blue faded around the sub-dial and the date wheel, this Panerai is absolutely stunning in the way it designs the case to look extremely similar to the stainless steel model while still being made completely out of carbon fiber. Clocking in at an MSRP of $13,900, it ends up being the exact same as the MSRP of its predecessor. However, this model only has 500 pieces as opposed to 2,000. Overall, this is an incredible timepiece and will most likely hold its value very well over time. 

Conclusion

To conclude, we now examined Panerai’s Carbotech line and learned about the new and innovative generation of Panerai’s that are hitting the market. I personally expect this line to continue being very successful and may even start to compete as a modern design with some of Panerai’s classic design, however, only time will tell. 

Until next time, 

Matthew Thomas Pourroy  

The post Panerai Carbotech appeared first on Value Your Watch.

]]>
All About the Rolex Submariner https://valueyourwatch.com/all-about-rolex-submariner/ Mon, 20 Jun 2022 23:55:00 +0000 https://valueyourwatch.com/?p=24061722 As one of the most recognizable timepiece designs of all time, the Rolex Submariner is an iconic line of sports watches made by Rolex that were designed to be waterproof so it could be used when diving. Known for its incredible resistance to water and corrosion, the Submariner sprung onto the watch scene during the […]

The post All About the Rolex Submariner appeared first on Value Your Watch.

]]>
As one of the most recognizable timepiece designs of all time, the Rolex Submariner is an iconic line of sports watches made by Rolex that were designed to be waterproof so it could be used when diving. Known for its incredible resistance to water and corrosion, the Submariner sprung onto the watch scene during the post-world war II economic boom in the early 1950’s.

At the time, specialty watches were not a mainstream concept, as most people only owned one watch and they generally wanted to wear it for all occasions.  The Submariner filled all of the prior needs while adding a new one, the ability to be able to tell time even when underwater. During this time period, there was a growing interest in the general public around diving, as it had been popularized by the heroic feats of military soldiers during WWII. One of these scuba diver fanboys happened to be a French gentleman named René Paul Jeanneret, a member of the Rolex Board of Directors. Jeanneret was the individual who invented the idea of a timepiece that would be both elegant and sporty while also being completely waterproof. He ended up convincing the entire Board of Directors that this new innovative timepiece would allow Rolex to expand its customer base and allow the brand to develop a reputation for being innovative. Rolex ended up going all in to the idea of this innovative timepiece in the early 1950’s, with production and testing beginning in 1953.

While the Rolex Submariner was officially introduced to the world for the very first time 1954 at what was then called the “Basel Watch Fair” (now known as Baselworld), Rolex considers the birth year of its iconic timepiece model to be 1953 when it was first produced and tested. In addition to being the year when Rolex produced and tested the Submariner for the first time, 1953 is a significant year to Rolex for another reason, it was the year that the brand pulled off one of the craziest yet most successful marketing stunts ever. What ended up going down was that Rolex decided the best way to demonstrate the effectiveness of their waterproof timepieces was to have a real life human being go diving with it. Rolex decided to go recruit a Swiss man named Auguste Piccard, who was a physicist, inventor, and explorer, to go over 3,100 meters deep into the ocean. Remarkably, when Piccard emerged from his deep ocean dive, his Rolex Submariner was in perfect condition and was still keeping time to a “t”. Obviously, this incredible feat and shocking experiment put the Rolex Submariner on the map, and set the stage for it to become arguably the most recognizable timepiece of all time. Next, we’ll go over some of the important models of the Rolex Submariner that you need to know. 

These were the very first two reference numbers from the Rolex Submariner, although it is unclear which came first. The two timepieces are nearly identical, but there are a few differences. The first difference is the 6204 has the word “Submariner” painted on the dial while the 6205 does not. The bezel on both timepieces also differs as the markings on the 6205 have markers for every minute between 0 and 15 while the 6204 does NOT have that. Finally, another difference is the 6204 does not have a pearl at the top of the bezel while the 6205 does. In terms of similarities, neither had the distinctive “cathedral” or “Mercedes” hand that are now so strongly associated with the Rolex Submariner model. In contrast, both of these models of the early Submariner had straight “pencil” hands. 

In 1954, Rolex released its second line of Submariners, and confused the entire watch market by giving it a reference number of 6200 even though it was an older model than the 6204 or 6205. This was the first Submariner to use the now iconic “Mercedes” hand, a feature that has stayed with all the Rolex Submariners to this day as of April 2022. 

In 2008, Rolex dropped 3 brand new solid gold Submariner timepieces to the market, with the reference numbers being 116618 and 116619 respectively. The only difference here between the two 116618 models is simply the color of the dial and the bezel, with LN = black and LB = blue. These models included two significant changes to the collection. First, was the long awaited inclusion of the Cerachrom insert on the bezel in both black and blue. The second was the debut of the “Super Case” on these models, which made the casing slightly more square and added thicker lugs to create an overall chunkier profile. 

The Submariner 116619 was a solid white gold, blue dial, and blue bezel timepiece. This was the very white gold Submariner that Rolex had ever made. In addition, Rolex gave it a lacquered blue dial because it gives a more “flat” appearance compared to other shades of blue that were normally used on yellow gold models, which led to it being given the nickname “Smurf” by collectors. 

Rolex Submariner 116610LV “Hulk”

Rolex Submariner Hulk 116610LV

In 2010, Rolex released the Submariner 116610LV, which would eventually earn the nickname as the Rolex “Hulk”. Green is the official color of the Rolex brand, but prior to the production of this model, it had never been used on one of the dial and bezel of any of their timepieces. The “Hulk” ended up replacing its successor, which was the Rolex “Kermit”. However, unlike the Kermit, which only used green on its bezel, the “Hulk” used green on both the dial and the bezel, which is why it got its nickname as the “Hulk”. 

Rolex Submariner Ref. 114060 “No Date”

Roiex Submariner No-Date 114060

The Submariner 114060, which was nicknamed the “No Date” due to the fact that most Rolex Submariners have a date window, while this does not. Currently, this model of Rolex is one of the most popular in the entire world, and on top of that, its also discontinued, so if your wanting to purchase one of these for yourself, you better be ready to pay a pretty penny. 

Conclusion

In the article, we covered the history of the Rolex Submariner, some of the early models, and some more recent models. We now have a more solid understanding of arguably the most popular timepiece of all time. 

Until next time, 

Matthew Thomas Pourroy

The post All About the Rolex Submariner appeared first on Value Your Watch.

]]>
Why buying designer watches is garbage https://valueyourwatch.com/buying-designer-watches/ Tue, 14 Jun 2022 05:59:18 +0000 https://valueyourwatch.com/?p=24061386 To a person who is new to the wonderful world of luxury timepieces, it can be very confusing to be able to distinguish the difference between a designer timepiece vs a luxury timepiece, after all they’re both just expensive watches right? Not quite, and if you’re buying a luxury timepiece with the hopes of buying […]

The post Why buying designer watches is garbage appeared first on Value Your Watch.

]]>
To a person who is new to the wonderful world of luxury timepieces, it can be very confusing to be able to distinguish the difference between a designer timepiece vs a luxury timepiece, after all they’re both just expensive watches right? Not quite, and if you’re buying a luxury timepiece with the hopes of buying a timepiece that will retain its value over the long term, the difference is extremely important. In this article, we will discuss which brands are considered designer vs which are considered luxury, the similarities and differences of designer and luxury watches, and why luxury watches hold their value while designer watches do not. 

Which Brands are Considered Designer vs Luxury

First off, we will discuss which brands are considered designer vs luxury. The easiest way for a person new to watches to understand what a designer is designer watches are mass produced and sold in retail stores and other traditional channels. Designer watches are similar to regular commercial watches, but they are more expensive and have name brands such as Gucci, Movado, Michael Kors, Louis Vuitton. Designer watches typically range anywhere from $100 dollars on the low end to $1000 dollars on the high end.

One of the problems with designer watches is the movements, which are usually cheap quartz movements that have no intrinsic value. A little known fact about designer watches is they are pretty much identical to regular watches, the only difference is the name brand. In other words, a $300 dollar Michael Kors watch is pretty much identical to a $20 dollar no-name watch, just with the name brand. Most people are usually pretty shocked that these designer companies mark up their products that much relative to the other no-name brands. In fact, if you tried to resell a $300 designer watch on the used market, you would probably be lucky to get $30, as that’s all the watch is really worth.

buing designers watches

This is one reason why at Value Your Watch we strongly recommend against buying designer watches due to the fact that you’re literally only buying a name on a watch.

On the other hand, some examples of luxury timepieces are Omega, Breitling, Rolex, Panerai, Hublot, and Ulysse Nardin. There’s also some ultra-luxury timepieces such as rare Rolexes, rare Audemars Piguet, Richard Mille, and certain Patek Phillippe models; these models are the equivalent of hypercars in the car industry. We won’t get into the ultra-luxury timepieces in this article, but just know that they are extremely hard to get and cost north of $100k all the way up to $6.5 million. 

The Similarities and Differences of Designer Watches vs Luxury Timepieces.

Next, we’ll shift gears and compare the similarities and differences of designer watches vs luxury timepieces. The first thing we’ll examine is the desire to wear a watch with a name brand. If one of your goals when wearing a watch is to try and show your social status, then both designer and luxury will both do that, although the luxury timepiece will obviously communicate a much higher social status than a designer watch. The important thing to remember here is if your goal is to use your watch to network with people more successful than you (this works better than most people realize), a designer watch will NOT do that for you. So from that perspective, you could view a luxury timepiece as an investment while a designer watch would strictly be a liability. The next area to look at is the quality of the movements in designer watches vs luxury timepieces. As mentioned earlier, most designer watches have a quartz movement, which means it is battery powered and therefore not valuable at all from a resale point of view.

Luxury timepieces however, come with automatic movements and are made from master watchmakers who have spent decades perfecting their craft. These automatic movements have intrinsic value and therefore hold their value really well as long as you buy the right brand and model at the right price. In fact, some luxury timepieces come with what’s called a tourbillon movement where the watch basically defies gravity and winds itself. Timepieces that come with a tourbillon movement usually start at $10k on the very low end with many being well into the $100k range. For the vast majority of people, the tourbillon movement will be out of their budget, so in this case, the automatic movement will be what you want to go after as it will still hold its value but can be picked up at a much more reasonable dollar in the $3k-$5k range.

The Production Numbers and Scarcity of Designer Watches vs Luxury Timepieces

The final area we will analyze is the production numbers and scarcity of designer watches vs luxury timepieces. In general, designer watches are made in a factory by machines and are mass produced. Designer watches can typically be purchased by any consumer at any normal outlet of distribution such as retail stores, online, ect. On the other hand, luxury timepieces are hand-made, and are made by a master craftsman who spends months toiling away building a masterpiece. Due to the fact that luxury timepieces are hand-made, production is obviously limited compared to a designer watch that is made on a conveyor belt.   

buing designers watches

Why Luxury Timepieces Hold Their Value While Designer Watches Depreciate All The Way Down To Zero

Finally, we’ll explain why luxury timepieces hold their value while designer watches depreciate all the way down to zero like a normal car. The answer is what we talked about earlier, production values and scarcity, which is really just a function of supply and demand. It’s very simple, because designer watches are mass-produced, anyone can buy one. There’s no wait lines, no having to have a relationship with an authorized dealer, and no having to know resellers in the watch business if the dealers are all sold out. On the flip side, because luxury timepieces have limited production, which causes potential timepiece buyers to sometimes have to engage in the situations described above, and that luxury timepieces have intrinsic value, that is what causes luxury timepieces to hold their value so well vs their designer watch counter-parts. This at its core is the reason why luxury timepieces are so much of a better buy than a designer watch, even if the price tag is higher. 

To conclude, we discussed which brands are considered luxury vs designer, the similarities and differences of the two types of watches, and finally why luxury timepieces hold their value but designer watches do not. With this information, now you too can confidently buy high-end timepieces that you know will retain their value vs wasting money on designer watches that are actually worth anything.  

Until next time, 

Matthew Thomas Pourroy

Sign up for our weekly newsletter

The post Why buying designer watches is garbage appeared first on Value Your Watch.

]]>
7 Steps to Building a Valuable Watch Collection https://valueyourwatch.com/7-steps-to-building-a-valuable-watch-collection/ Thu, 02 Jun 2022 21:09:07 +0000 https://valueyourwatch.com/?p=23560965 Every watch collection, even that of legendary watch collector Patrick Getreide, starts with a single watch. Who is Patrick Getreide? He’s a Brussels based businessman who started out as a young lad by acquiring an Omega watch. After making several payments by monthly instalment to the watch dealer it was eventually paid off by his […]

The post 7 Steps to Building a Valuable Watch Collection appeared first on Value Your Watch.

]]>
Every watch collection, even that of legendary watch collector Patrick Getreide, starts with a single watch.

Who is Patrick Getreide? He’s a Brussels based businessman who started out as a young lad by acquiring an Omega watch. After making several payments by monthly instalment to the watch dealer it was eventually paid off by his father. A few years later his next dream watch was a Cartier Tank. He won it at auction and it took him 6 months to pay it off, once again in monthly instalments. The auction house was not impressed. Little did they know that after gazing at a Patek Philippe watch in a shop window Patrick would go on to build a collection of over 600 watches including some of the most highly sought after Patek Philippe watches in the long history of the much admired brand.

Today Patrick’s collection includes rare Calatravas from as early as the 1930s, hard to get Patek Philippe Nautiluses, every series of the Reference 2499, the Reference 1518, the Reference 130 and some extremely rare enamel-dialled watches including the “Lighthouse” and “Island” pieces from the 1950s. His collection, which started with that Omega watch, (now lost) is regarded as one of the top 5 collections in the world, and Mr Getreide takes pleasure in displaying his incredible timepieces around the world.

But let’s not get ahead of ourselves. First you have to acquire that first watch. Anyone can order a watch online and add it to their collection, but building a valuable watch collection that grows in value over time takes effort, research, a slice of luck and a lot of know how. Let’s look at some of the factors you need to consider.

While most of us don’t have the means to acquire even one Patek Philippe, there is still much joy and excitement to be had from a watch collecting hobby at just about any level.

watch collection

Step one: Know your budget

The first thing to know about building a watch collection is that there is no one approach to it. There’s different schools of thought, different collecting philosophies, and numerous differing tastes and preferences. Time and lots of looking online will instinctively lead you towards what you like, no one else should be the arbiter of what appeals to you. Browsing the vast hinterlands of free information on the web will educate you about what interests you most. You might like one particular brand, or genre or you might like several. But one thing you must know at the start, is how much you can afford to spend. It will come as no surprise that the choice open to you will increase in direct proportion to the size of your budget. But the actual joy of collecting can be the same at any price point.

Much to the disdain of so called serious watch collectors, some of the most avidly collected watches on the planet are quartz driven Casio G-Shocks, and they start from as little as $50. Then there are vintage Seikos. These extremely reliable automatic watches come with cool retro designs. Models such as the Seiko 6019 and the Seiko 6139 Pogue from the 70s sell for $500 to $600 and make great additions to any collection.

Bremont Supermarine Terra Nova GMT Full Set +2 Straps (2015)

The 6139-6002 Pogue was the world’s first Automatic Chronograph and Flyback Chronograph. Not only that, it was the first chronograph in space. Astronaut William R. Pogue (Pillar Pogue) wore the 6139-6002 during NASA Skylab 4 on a mission which took place in 1973. Then there’s the highly collectable checkered flag bezels of the Seiko 6106 or 6119 Rally Driver. These beauties can also still be picked up for around $500 to $600 and they just keep on ticking.

If your budget can stretch to $10,000 you can start to acquire top name Swiss brands, perhaps not brand new in some cases, but comfortably a pre-owned good quality Rolex Submariner or a Rolex Perpetual Oyster 41, a Jaeger LeCoultre Reverso, or an Omega Speedmaster. With this kind of budget you are on your way to a ‘serious’ watch collection.

Step 2: Deciding where to start

There’s no right or wrong answer to this, but if, for example, you decide you want to collect Swiss watches the Swiss watch industry caters to you at all price ranges starting with the ever popular entry level Swatch. Yes, some people have a collection of hundreds of Swatch watches. But there are several well regarded brands in the mid-price sector such as Tissot, Omega, Oris, Rado, Mido, Edox, Longines to name a few, offering excellent examples of automatic watches, some of which are purposely launched as limited or special editions. New ideas and designs are brought out each year and you can see what’s new simply by following watch blogs or regularly visiting the watch brand websites themselves. Many collectors acquire limited editions at this price range and then decide to sell them after a year or two. If you see a particular model you cherish, be patient, wait a while and the chances are you might find it on a pre-owned watch site such as Value Your Watch, in time to come. Dutch based auction site Catawiki has regular watch auctions of medium priced watches and there are plenty of bargains to be had. These are all curated by watch experts prior to being put up for auction so you can be sure of their authenticity.

hublot watches
Hublot Watches For Sale

Step 3: To Specialize or Generalize

Another decision you need to make for your collection at some point is whether you want to specialize in a specific genre, be it Divers, Fliegers, Dress watches, driving inspired chronograph watches, military watches, digital watches, or mix it up and have a selection of watches for every type of occasion. Some collectors go crazy for skeleton watches and collect ever more intricate interpretations of the art. Your own research will soon show you what is valued and what is not for each genre of timepiece. Some collectors make up their mind early on that they are going to go for the grail watch in their chosen genre. A grail watch is one which is the most sought after, the hardest to find, and subsequently usually one of the most expensive. Most high-end brands have their particular watches which are highly coveted and considered grail watches. Half the fun of watch collecting is finding out about these particular models and exploring the possibility of acquiring one – a genuine one and not a copy.

Breitling Watches For Sale

Step 4: Quality over Quantity

There are enough watches out there, both new and pre-owned to build a vast collection. Patrick Getreide has well over 600 of them and they are all grail watches, but most of us are not blessed with a Patrick Getreide budget so we have to be much more selective. If in doubt always go for quality over quantity. Better to have half a dozen quality pieces you wear regularly than several dozen low cost bargains you never even get around to wearing. A passionate watch collector once confessed in writing: “I used to be a quantity over quality guy. Within two years of collecting I realized I was never content regardless of the amount of watches I owned at that time. I decided to sell everything and start over. Now I own three solid watches and couldn’t be happier since they all receive my attention and I get to enjoy them properly.”

Bell & Ross Watches For Sale

Step 5: Buy for love, not an investment

The key rule of thumb in collecting is always to buy what you really like and would enjoy wearing. It can often be a mistake to buy just because you think or someone told you it will serve you well purely as an investment. To buy a watch as an investment piece you really have to know what you are doing, and be sure of its provenance. Unless you are lucky enough to have recently won your national lottery it’s certainly not an advisable collecting path for the beginner.

If you want to build a collection that at least holds it value, few hold value better than certain models of Rolex, Audemars Piguet, Breguet, Vacheron Constantin or Patek Philippe. Which models? Well, that’s where your research comes in. The investment watch is the high price tag end of watch collecting and it usually takes time and education to get to the point where you are ready to make such an investment. But before you buy you literally have to research and research again to be sure of what you are getting. Frankenstein watches – watches which have had non original after sale parts fitted are more common than you can ever imagine and they have a disastrous effect on the value of your investment watch. Just visit any old school watch repairer and listen to the horror stories of what they have found behind the caseback of many a highly collectable piece . If you are buying online request for more photographs if you are not completely convinced. And of course, if the price seems too good to be true, it probably is. You literally cannot be too careful. Always remember, part of the art of building a valuable watch collection is building one that is valuable as a source of constant joy to you personally.  

Step 6: Do your research

We mentioned research above, and this is truly the oldest and wisest chestnut in the watch collecting book of advice. Everyone will tell you to do your research, and anyone who knows anything about collecting watches will tell you it’s true and invaluable. You can’t escape it, you need to do your homework. Whether you are just starting out on your watch collecting odyssey, or you’ve been collecting for years, it always pays to do plenty of research. As watch collecting increasingly becomes your passion this will become a more pleasurable task. There are watch forums such as Watchuseek, even sites such as Reddit for example, where you can simply lurk and learn the intricacies and eccentricities of your particular watch genre as you read the numerous posts by collectors in the know. You don’t always have to agree with what’s being said, you may even be unable to resist commenting, but you will pick up valuable information that can save you the heartache of a bad investment or a costly mistake. The possession of a quiet, well admired Swiss high end classic acquired at a good price with its provenance soundly proven is a satisfying sight on your wrist each day. It’s worth all the hard work and seeking of knowledge to get to that moment where even non collectors say, ‘wow, that’s a beautiful watch’.

Panerai Watches For Sale

If, as is likely, your passion graduates towards mechanical or automatic watches, it will pay you in spades to learn how they work. The difference between an entirely mechanical watch and an automatic is that a mechanical is manually wound and an automatic is purpose-built to harness kinetic energy. So every time you move your wrist, the movement stays powered. Just as a watch keeps ticking, you need to keep learning.

Step 7: Invest in a watch collecting case

If you’re going to start a watch collection, start as you mean to go on and invest in a good quality watch collecting case. Be as picky about your watch box as you are about the watches you want to add to your collection.

A collection case will house your watches properly and securely on plush velvet lined watch pillows. Bear in mind, pillow types vary in size. Some pillows can be too small in size to hold a watch securely. You should choose a watch box with pillows capable of holding the watch by the straps or bracelets. Ideally, the average size is 45 mm thick by 75 mm long.

Watch box linings are another important consideration. Linings in watch boxes should protect your watch from damage and keep it in place. A bad lining can actually harm your watch over time. A high-quality fleece or microfleece lining is a good option as it’s a soft material that won’t harm the crystal lens.

The risk of theft can be reduced when your watch is properly stored in a watch box kept in a safe place. Watches, like other pieces of jewelry, are more likely to get stolen when simply stored loose in a drawer or on top a bedside unit.

Watch boxes also give you the chance to admire your watches as your collection grows, and the case itself becomes something to treasure. Alternatively, you could decide to repurpose a cigar case, in either case it’s important to make sure your watches are stored away from sunlight and moisture. Also keep in mind you need to have your watches serviced and cleaned every once in a while, and keeping them housed in a watch collection case means you don’t have to go searching through drawers to find the particular watch you’re after.  

Every day is a good day to get started on your own watch collection.

The post 7 Steps to Building a Valuable Watch Collection appeared first on Value Your Watch.

]]>
All About Breitling https://valueyourwatch.com/all-about-breitling/ Fri, 27 May 2022 19:43:09 +0000 https://valueyourwatch.com/?p=23560779 As one of the most popular starter watch brands in the market, Breitling has established itself as a household name with a reputation for precise and high quality movements at a much cheaper price relative to other luxury timepiece brands. Founded in 1884, the company was created by a man named Leon Breitling in Saint-Imier, […]

The post All About Breitling appeared first on Value Your Watch.

]]>
As one of the most popular starter watch brands in the market, Breitling has established itself as a household name with a reputation for precise and high quality movements at a much cheaper price relative to other luxury timepiece brands. Founded in 1884, the company was created by a man named Leon Breitling in Saint-Imier, Switzerland, a skilled watchmaker who specialized in crafting timepieces and intelligent measuring tools. Leon Breitling’s goal was for his company to specialize in the field of timers and chronographs – a specific type of clock that’s used as a stopwatch. At the time, there was a huge need for chronographs for many different industries such as industrial, military, science, and sports. Back then, there were no computers or iPhones, so a device to accurately and precisely measure time was desperately needed. In 1914, Leon Breitling unfortunately passed away and the company was passed on to his son Gaston. The following year, Breitling achieved their founder’s dreams and manufactured their first chronograph wrist watch.

Breitling Watches

A few years later in 1923, the company improved on the chronographs with a new innovation that would separate the reset function from the stop and start function. About a decade later, the Breitling brand perfected this innovation by creating a design that would involve a second independent push-piece, thus paving the way for the design that is still used to this day in all modern chronographs.

Due to the wild success of Breitling’s iconic chronograph design, many of Breitling’s competitors quickly began to copy this design and use this invention in their timepieces as well. In 1935, the Breitling brand passed down to Willy Breitling. Despite all the success and momentum of the brand from its innovation in chronographs, things took a turn for the worse for the brand when the children of the Breitling brand were not interested in continuing to run the family business. Due to the Breitling heir’s lack of interest in continuing to operate the business, the Breitling factory in La Chaux de Fonds closed in December 1978. Willy Breitling, who was already in poor health during the closure of the factory, died the following year. That same year, Ernest Schnieder, the owner of a company called Sicura, bought the name Breitling from the founding family. Schnieder then moved the production of Breitling timepieces to his Sicura factory and the Schnieder family retained ownership of the Breitling brand until 2017 when Theodore Schnieder sold his majority stake (around 80%) CVC Capital Partners for over $870M. A year later, Theodore Schnieder sold his remaining shares (about 20%) to CVC. As of today, Breitling is a household name known for its innovations in the world of chronographs and their signature movements. We will now cover two different Breitling models, SuperOcean and Navitimer, and what to look for when shopping for those models. 

Breitling SuperOcean and SuperOcean Heritage

The first model of Breitling that we’ll cover is the SuperOcean and SuperOcean Heritage models. As one of Breitling’s most famous timepieces, the SuperOcean/ SuperOcean Heritage is not only one of Breitling’s most popular timepieces, but it is one of the most popular timepieces in the entire watch market in the sub-4k range. Very often these timepieces are the first luxury timepiece of a new enthusiast entering the market due to the timepiece being very aesthetically appealing and it being a very high quality timepiece in terms of the movement and reliability. Due to it being such a popular watch with a very reasonable price-point, the SuperOcean/ SuperOcean Heritage has a HUGE following. When it comes to these timepieces, the most popular sizes are going to be the 42 millimeter and the 45 millimeter.

Breitling Superocean

Typically, if someone has a wrist size that is 7.5 inches or smaller, the 42 millimeter is better and if their wrist is larger than 7.5 inches than the 46 millimeter is for them, although this isn’t a perfect formula and plenty of people with sub 7.5 millimeter wrists wear a 46 millimeter just fine. One thing to be VERY careful of when looking at listings to look at the case size. One scenario that is very common for a buyer in search of a Breitling SuperOcean/ SuperOcean Heritage is a listing for sale that is much cheaper than the other listings on the market. The mistake many buyers will make is to get excited thinking they have come across a killer deal and they will make an offer before they even read the listing carefully. Usually in these situations, the devil is in the details, and that detail is usually case size. Typically, a listing much cheaper will be more of an awkward size for most male buyers (although could be a great pickup for someone with a much smaller or larger wrist than normal!). It’s common to scan the listing and see the size is a 38 millimeter or 48 millimeter, or to not see the size listed at all, which in that case you of course would ask the seller. Either way, these are great picks for anyone looking for their first luxury timepiece.  

Breitling Navitimer

Next, we’ll cover arguably Breitling’s most popular model, the Breitling Navitimer. Originally launched in 1954, its name comes from two words that were used to describe its purpose: navigation and time. In 1961, one of the original astronauts in the mercury space program, a man named Scott Carpenter, reached out to Breitling with the idea of incorporating a 24 hour dial as opposed to the traditional 12 hour dial. The reason this idea was suggested was because of the lack of night and day in space. Breitling was able to deliver and manufacture the 24 hour Navitimer which Carpenter wore on his 1962 flight.

Ever since then, the Navitimier has become an extremely coveted model of Breitling. In the modern day, there are several different Navitimer models: Navitimer World, Navitimer 8, Navitimer 01, Navitimer B01, Navitimer Heritage, Navitimer Rattrapante,  and the Navitimer GMT. These are obviously a lot of models, but when shopping for a Navitimer, just know the most popular models that will typically bring the highest premium are gonna be: World, Navitimer 01, Navitimer B01, and GMT. The reason for that is those models all contain a similar looking dial that tends to be the most popular. When it comes to the movements, the B01 is the most desirable followed by the 01. In terms of sizing, you really want to go the 43 or 46 millimeter if you’re looking for a timepiece that will hold its value. 

To conclude, we covered the history of Breitling as well as two of its most popular models. Armed with this knowledge, you can now confidently buy your first Breitling

Until next time, 

Matthew Thomas Pourroy

The post All About Breitling appeared first on Value Your Watch.

]]>
All About Panerai https://valueyourwatch.com/all-about-panerai/ Tue, 24 May 2022 18:50:37 +0000 https://valueyourwatch.com/?p=23560617 As one of the most famous timepiece brands out there, one cannot ignore the longevity and consistency of the Panerai brand. Over 160 years ago in 1860, a gentleman by the name of Giovanni Panerai, officially opened his first watch and clock shop in Florence, Italy called “Orologeria Svizzera”.  His grandson, Guido Panerai, expanded the […]

The post All About Panerai appeared first on Value Your Watch.

]]>
As one of the most famous timepiece brands out there, one cannot ignore the longevity and consistency of the Panerai brand. Over 160 years ago in 1860, a gentleman by the name of Giovanni Panerai, officially opened his first watch and clock shop in Florence, Italy called “Orologeria Svizzera”.  His grandson, Guido Panerai, expanded the watch shop by merging his grandfather’s watch shop with a mechanical workshop that was owned by his wife’s family. This led to Guido Panerai inventing a luminescent radium powder, officially called Radiomir, for the use and military gun sights of the Royal Italian Navy, which was an innovation that helped shape the brand going forward. In the 1930’s, Parenai began to supply prototype water-resistant Radiomir watches that were manufactured by Rolex to an Italian special forces unit. These timepieces were completely innovative and the world had never seen anything like it. The design came in a giant 47 millimeter case, a sandwich dial construction that allowed for more luminescent material, and a long leather strap that was intended to be worn over diving suits. During World War II, Italian Navy divers used Panerai watches in combat. Even after the war, the relation between Panerai and the Italian Navy continued, which ended up leading to Panerai’s other iconic model, the Luminor, which was named for a safer and less radioactive luminescent material compared to radium. In the 1970’s, the rise of many innovative, capable, and inexpensive dive watches began to flood the market, Panerai chose to continue to only supply their military watches to the Italian Navy. This caused Paernai’s brand to fall into obscurity and the brand became largely irrelevant until the 1990’s when they finally decided to put their military models on the civilian market where it had a huge impact in the watch size of timepieces at the time. Shortly after, iconic actors Slyvestor Stallone and Arnold Schwarzenegger were seen wearing Panerai watches in their movies and after that the brand took off. In 1997, shortly after Stallone and Schwarzenegger put Panerai on the map, the brand was bought out by Richemont, who is still the current owner to this day, and moved Panerai’s operations to the capital of watch making, Geneva, Switzerland. In the 2000’s, Panerai continued to experience massive success due to media coverage and the watch trends of the industry that Panerai had helped create, where many Panerai models would sell out immediately after its first release, similar to Richard Mille in today’s case. In 2002, Panerai released its first in-house movement, and paved the way towards the trend on in-house movements that is currently seen in today’s watch market. In recent years, the euphoria around Panerai has cooled off and left a divide in the watch community of collectors who are loyal to the brand and those who do not like Panerai at all. In this article, we will go over the three types of Panerai: Luminor and Luminor 1950, Radiomir, and Submersible; as well as discuss the differences between each model. 

First, to respect the history of Panerai, we’ll go over the model that the brand invented first, the Radiomir. When it comes to the two models, the Radiomir is much less desired and therefore can usually be picked up at cheaper prices compared to the Luminor. Due to the heritage of the original Radiomir being 47 millimeters, the Radiomir 47mm is still one of the more popular of the Radiomir models. The only issue with it is 47 millimeters will be far too large for most people’s wrists, the buyer pool is going to be much smaller than other models for that reason. Even though the 47 millimeters is the most common Radiomir, they also now come in 42mm, 44mm, 45mm, and a few other case sizes as well. Although the Radiomir models generally won’t bring a premium the way the Luminor model will, the Radiomir models that come with a rose gold casing definitely are highly desired. Keep in mind, the rose gold Radiomir models will generally go for $10k-$20k, which is significantly more than the typical ~5k range most Panerai Radiomir models go for, so if your wanting a rose gold casing, you better be ready to spend 2-3x as much. 

Panerai Radiomir Pam 00995

Panerai Radiomir 

Next, we’ll cover Panerai’s most popular model, the Panerai Luminor. When it comes to the Luminor, the 1950 casing which is Panerai’s signature crown lock, is definitely the most popular. These types of Panerai’s tend to be the most desired, and you can definitely pick up a lot of really good deals by finding lesser known variations of the Luminor 1950 casing because the models of the Luminor 1950 all look very similar. It is important to note that while the Luminor and the Luminor 1950 casing look similar, they are in fact different. From a front view, the two casings look the same, but the difference is seen when looking at the two models from the side. 

Cite Bob’s Watches

When looking at the Luminor vs the Luminor 1950 side by side a few things become noticeable. First, the Luminor has a streamlined case, shorter lugs, no markings on the crown guard, and it is typically fitted with a closed caseback. To contrast, the Luminor 1950 has a U-shaped middle case, longer lugs, markings on the crown guard that say “R.E.G. TM”, and typically fitted with an open caseback which makes identifying fakes easier (cite Bob’s Watches). 

Another type of Luminor model of the Panerai brand is the Submersible line. Back in 2019, Panerai decided to dedicate its dive watches into this category. Even though other models of Panerai could technically be considered dive watches judging by their level of water resistance, there are features of the Submersible that differentiate it from other Luminor models such as its rotating bezel and signature Submersible case and dial design. Usually the Submersibles will run in the $5k-$15k used so it’s not too crazy relative to other luxury timepieces. 

All about panerai

To conclude, we have covered the history of Panerai as well as the differences between the three models: the Luminor and Luminor 1950, the Radiomir, and the Submersible. Armed with this knowledge, you can now confidently go out and acquire your first Panerai with full confidence. 

Until next time, 

Matthew Thomas Pourroy

Citations:

  1. https://www.gearpatrol.com/watches/a566952/panerai-watch/ Allen Farmelo
  2. https://www.bobswatches.com/rolex-blog/watch-101/panerai-luminor-vs-1950-case-comparison.html Paul Altieri 

The post All About Panerai appeared first on Value Your Watch.

]]>
New Rolex Novelties 2022 https://valueyourwatch.com/rolex-novelties-2022/ Tue, 17 May 2022 23:42:15 +0000 https://valueyourwatch.com/?p=23560442 After two long years of Zoom calls, the annual Watches and Wonders Conference is back in person! For those of you that are new to the incredible world of luxury timepieces, the Watches and Wonders Conference is a massive show where some of the largest and most prestigious timepiece brands in the world come together […]

The post New Rolex Novelties 2022 appeared first on Value Your Watch.

]]>
After two long years of Zoom calls, the annual Watches and Wonders Conference is back in person! For those of you that are new to the incredible world of luxury timepieces, the Watches and Wonders Conference is a massive show where some of the largest and most prestigious timepiece brands in the world come together to present their new releases for the new year. To use a sports analogy for our football readers out there, think of it as the Superbowl of luxury timepieces.  With over 40+ brands in attendance such as Rolex, Patek Phillippe, Tudor, IWC, and many more, it can be overwhelming to follow everything that happens, especially for people new to the industry. That’s why in this article we’re going to break down some of the new releases, specifically Rolex, that were introduced and what this means for the Rolex brand. 

Rolex GMT Master II 126720 

Credit: Rolex.com

To start, we will move onto the new Rolex GMT Master 126720. Undoubtedly, this new model has drawn a lot of attention, both good and bad, due to its peculiar design choice. The design changes here are obvious, the crown and the date wheel are placed on the left side of the timepiece, which you can argue is an odd decision given only 10% of the population is left-handed. Understandably, the internet has had some very unkind reviews of this. Many critics have poked fun at the timepiece claiming it looks like the person who made the watch did it hanging upside down, and that the GMT Master II is one of Rolex’s serious timepieces and that it didn’t make sense to why they would try to make a “fun” model by making it look like a watch for a left-handed. In an attempt to see things from Rolex’s point of view, some people may like the design if they aren’t left-handed because the crown won’t be pushing on the top of their hand. Depending on how many people end up liking the fact that they no longer have a crown pushing up against their hand, this new design could actually end up being a huge hit and could influence the way watch designs are produced going forward. Every weird fashion trend that ever went mainstream started with a bold designer who wasn’t scared to question the status quo. However, the innovation of the GMT Master II 126720 doesn’t stop with the crown and the date wheel, there’s also a brand new color combination of black and green. Previously, the color combinations saw the Rolex “Pepsi” with the red and black combo and the Rolex “Batman” with the black and blue combo as shown in the above pictures. While it remains to be seen how the watch community will react to the new color choice, if history tells us anything, it should be well received, although it might be hard to tell due to the fact the design will cause many watch enthusiasts to avoid this timepiece altogether. 

Rolex Day-Date 228236

Credit: Rolex.co

To continue, we’ll cover the new Rolex Day-Date 228236. Here, the biggest change that was made was it featured a 950 Platinum fluted bezel, which was the very first time this had ever been done by Rolex. It is a big change when compared to the previous year because the prior Day-Date featured a round bezel even though both casings were still made of platinum. Outside of the bezel, there’s not really too many changes to the Day-Date: it still has the icy-blue dial, the roman numeral dial numbers, and it’s the exact same size as the previous model. Given how similar the new model is to the previous year’s model and how successful the previous year’s model was, it’s expected that the new 2022 Day-Date should be extremely successful for Rolex. 

Rolex Yacht-Master 226658

Credit: Rolex.com

Next, we have the new Yacht-Master 42. This new model contrasts with last year’s model in that it is made out of yellow gold as opposed to the white gold of the previous year. Outside of a color change, there’s not really too much else to talk about in terms of changes as everything else is pretty much unchanged. It still features the same 3235 caliber movement, a 42 millimeter casing, and the Oysterflex rubber bracelet, ect. The Yacht-Master has historically done extremely well in the luxury timepiece industry so there’s no reason to think that this year’s model will be any different. 

Rolex Air-King 126900

To wrap up, we will break down arguably the most popular of all of the new Rolex releases, the Rolex Air-King 126900. The biggest change that everyone is talking about is the decision to change the design of the dial numbers. In the prior year, the number five on the dial was shown on the timepiece as just “5”, while this year it is shown as “05”. Now you may wonder why Rolex would do that and why does it even matter, and while the extra “0” seems so insignificant, there are significant reasons Rolex made this change, and that was for the sake of symmetry. In design, it’s a widely accepted principle that symmetry equals beauty, so it makes perfect sense why Rolex would go this route. It also serves as a differentiator for Rolex because this design is not common in the watch world, so it will be interesting to see if this new symmetrical dial design ends up being copied by many other watch markers similar to how other famous Rolex designs such as the Submariner have been copied.

Which Models will be Discontinued?

The important thing to understand here is that Rolex doesn’t formally announce what is going to get discontinued, so therefore that creates speculation in the watch community of which models will be discontinued. If you’re new to the world of luxury timepieces, the reason that trying to figure out which models will be discontinued is such a big deal is because whatever models that get discontinued are going to spike in value, so it becomes a game of speculation similar to speculating in the stock market. So in this section, we will speculate ourselves which models we think could be discontinued, but it’s important to note this is all speculation and is NOT meant to be taken as advice. To start off, the first model we will speculate on is the GMT Master II “Batman”. The reasoning behind this is that since Rolex introduced the new GMT Master II with the green and black dial, this could theoretically be discontinued because Rolex is limited to how many units they can manufacture at the moment. Another model we speculate will be discontinued is the Oyster Perpetual Tiffany dial. The reasoning behind this hypothesis is Rolex has already reduced their offering of their 41 millimeter Oyster Perpetual, particularly of the Tiffany dial. If Rolex continues this trend and discontinues the Oyster Perpetual Tiffany dial, you can expect the price to skyrocket on this timepiece even more than it already did following the auction sale of the Patek Tiffany dial for $6.5 million.  

Conclusion

Now that we have covered the new Rolex releases for this year, we now know what the new models and how they differ from previous models. Going forward, we will get to see if our speculation over which models will be discontinued. While the new models have been released, much is left to be seen as to how these models are received and which models do and do not get discontinued. 

Until Next Time, 

Matthew Thomas Pourroy

The post New Rolex Novelties 2022 appeared first on Value Your Watch.

]]>
Are Watches Investments? https://valueyourwatch.com/are-watches-investments/ Mon, 09 May 2022 07:40:26 +0000 https://valueyourwatch.com/?p=22559830 One of the biggest phenomena that has occurred in the last 2 years has been the rise of a brand new asset class in the form of luxury watches. In the past, luxury watches were seen as conspicuous consumption, nothing more than a way for people of wealth to show their social status. Prior to […]

The post Are Watches Investments? appeared first on Value Your Watch.

]]>
One of the biggest phenomena that has occurred in the last 2 years has been the rise of a brand new asset class in the form of luxury watches. In the past, luxury watches were seen as conspicuous consumption, nothing more than a way for people of wealth to show their social status. Prior to 2020, watches were similar to cars in the sense that they tended to depreciate significantly. Typically, luxury watches were a way that people would reward themselves for hitting goals, think back to the 1980’s Wall Street traders and how they would reward themselves at the end of a good year with a Rolex. This created a public perception that luxury was a symbol of success, a sign that the person wearing it had overcome all the adversity that comes with chasing large goals. In the year of 2020 though, something very interesting happened in the world of luxury watches. In response to the Covid-19 Pandemic, governments around the world such as the United States, United Kingdom, European Union, and Japan primarily, began a series of unprecedented money-printing in an effort to fund the spending measures necessary to both fight the pandemic and prevent the world economy from collapsing. Of course, any time that a government, or governments, take action at a scale as was taken, there is going to be unintended consequences. While there were many unintended consequences that we won’t get into in this article, we will focus specifically on how these policies affected the luxury watch market and created a brand new asset class. 

Rolex investment watch brands

To start, it’s important to understand the idea of watches as investment. To a novice in the watch space, it’s easy to fall into the trap of thinking that all luxury watches are investments, which is absolutely NOT true. In all honesty, outside of a few brands, most luxury watches depreciate instead of appreciate. The reason for this is simple: the majority of luxury watch brands produce far too much supply and are NOT able to generate enough demand to create enough scarcity that would cause the watches of those brands to appreciate. Understanding the relationship of supply and demand combined with prestige is the foundation of understanding the reason why a few watches are considered investments, while most are still just consumption goods that will depreciate. The supply and demand aspect is very easy to understand, but the prestige aspect of investment watches is less of a science and more of an art. When looking at the prestige of the timepiece there are a couple things to look at such as the history of the brand, the relevance of the brand in mainstream culture, and the popularity of the brand among collectors. The history of the brand is important because if a luxury watch brand has been able to continue to succeed over 100-150+ years, it shows that the brand has longevity and consistency. Moving onto the relevance of the brand in mainstream culture, this has become one of the most interesting phenomena that has occurred in the watch community in the past 20-30 years but has accelerated even more when the advent of social media. The key here is to look at which brands celebrities such as rappers, politicians, Hollywood stars, and business moguls are choosing to wear. The best case study of this is shown in the Richard Mille brand. Only a few short years ago, Richard Mille timepieces could be purchased at the boutique for 40% off. However, something occurred that changed everything, and that was rappers took a huge liking to Richard Mille. Not only were many of the stars in the rap game wearing the Richard Mille timepieces, but they even started rapping about the timepiece in their songs.  This led to a domino effect where more celebrities such as Connor McGregor started embracing the brand, and because the brand was smart, they kept production numbers low which sent the value of their brand skyrocketing. What Richard Mille was able to figure out was humans are naturally attracted to exclusivity and scarcity, and by making incredibly innovative designs that would appeal to the type of celebrities that had the ability to create a feeling of exclusivity around the brand, they were able to engineer possibly one of the greatest marketing campaigns in history. As of today in March of 2022, many Richard Mille timepieces are now selling 300%-400% over MSRP and it’s impossible to get. Finally, when looking at the prestige of a timepiece, you must look at the popularity of the timepiece among collectors. When I say collector, I’m talking about the big time collectors that own millions and millions of dollars of timepieces, not the guy who owns a few Omega Speedmaster Moonwatches. When you look at big watch collectors, for example the Shark Tank investor Kevin O’Leary, you will notice most of them have several things in common. For one, you notice they tend to own a number of brands, even if there’s one or two brands they specialize in. They also tend to own dozens of timepieces, and many of the pieces tend to be very rare and hard to get timepieces as opposed to basic ones such as the Rolex Submariner. The big thing to note here is even though the collections will vary based on the taste of the collector, there are a few brands that will pretty much be included in every serious collector’s collection, and these are the brands that can possibly do well as a timepiece as long as other factors are present as well. However, just because a brand is popular among collectors does NOT mean it’s automatically a good investment. We will get into which brands are good for investment purposes in the upcoming section. 

IWC Portuguese 7 Day Automatic Watch Rose Gold Grey IW500702 IW5007-02 Box/books

What makes a watch brand considered to be an investment grade timepiece

Next, we will discuss what makes a watch brand considered to be an investment grade timepiece. By definition, when people talk about investment timepieces, they are talking about timepieces that are trading for more on the used market than it costs to buy it brand new. For example, the Rolex Daytona 116500LN has an MSRP of $13k but is trading around $40k-$50k on the used market. Now for somebody who is new to the timepiece industry, they may be thinking “why would anyone pay more for something used than they would for something brand new?”, and this would be a very fair question to ask. The answer is the demand for these timepieces FAR exceeds supply, so as with any item where demand far exceeds supply, it creates an incredibly profitable secondary trading market where people are willing to pay more or in some cases significantly more than retail to acquire the timepiece. Another question that is commonly asked is “if demand is so much higher than supply, why doesn’t Rolex significantly raise the MSRP or increase the supply?”. In short, Rolex has begun to increase MSRP in small amounts, but the reality is even if they significantly increased the MSRP, as long as the demand is higher than the supply, it will still trade for more on the secondary market. While Rolex could make some short-term profits by raising MSRP to the same price or higher that it is currently selling on the secondary market, it’s important to note that Rolex is a privately owned company, they are not playing by the same rules as companies here in America where all the company cares about it the stock price the next quarter. By having a brand that sells for significantly more on the secondary market, it creates even more prestige for the Rolex brand, and guarantees the long-term relevancy of the brand. Simply put, Rolex and the other investment grade brands are focusing on their long-term brand and not their short-term profits. 

Which brands are investment grade timepieces

Finally, we will dive into which brands are investment grade timepieces and which one’s are not. There are four main brands that are investment grade: Patek Phillippe, Richard Mille, Rolex, Audemars Piguet. That being said, that does NOT mean ALL models of these brands are investment grade! There are certain models that are investment grade, few examples are: Rolex Daytona, Patek Philippe Nautilus, Audemars Piguet Royal Oak Offshore, and Richard Mille RM030. While the list definitely extends beyond just these models, this is a good place to start. Now in terms of what brands are NOT considered investments: Omega, Panerai, Hublot, Breitling, and pretty much every other brand. That being said, does that mean there aren’t a few models within those brands that are trading above MSRP on the used market? Of course not, there are some Omega Speedmaster Moon Watches that are discontinued that are trading near or above MSRP, so occasionally you will find a model that trades above MSRP in these brands that trades for more, but the key is to recognize that those  models are the exception and NOT the rule. 

To conclude, the events of the last two years have created a brand new section of the timepiece industry called investment grade timepieces. The factors that play into a timepiece being investment grade are that brand’s history, cultural relevance, and its popularity among collectors. The definition of an investment grade timepiece is whether it trades for more on the used market than it does costs to buy brand new. The main brands that are considered investment grade are: Patek Phillippe, Rolex, Richard Mille, and Audemars Piguet. 

The post Are Watches Investments? appeared first on Value Your Watch.

]]>