7 Things to Consider When Purchasing a High Quality Watch

According to the New York Times, the luxury watch business is still booming–even in economically torn London. A high quality watch isn’t just a classy addition to your wardrobe; an excellent watch can become a family heirloom, or even an investment. Cared for properly, the right watch can not only retain its looks and functionality, but its value as well. There are some special considerations you should make before you lay down a serious amount of money for a timepiece.

1. Determine Your Price Range

Due to high levels of competition, there are great watches in all price ranges but here are the general classifications of watches.

Under $300–“Consumer Watches”
Under $1000–“Enthusiast Watches”
1,000 to 10,000–“Luxury Watches

2. The Real Value of a Watch

Consider the value of the watch you’re purchasing–remember: value doesn’t mean price. The true value of a watch is in how you feel about it; how often you wear it; how it looks on your wrist. A $500 watch you love has more value than a $1,000 watch you never wear.

3. What Style Matches You?

Another important consideration to make is how you’ll be wearing your watch. Do you dress up, or is your style more casual? A formal watch will probably look silly alongside a hooded sweatshirt, just like a sporty watch wouldn’t look right with a suit.

4. Most Watches Aren’t Solid Financial Investments

While there are exceptions to this rule, generally you shouldn’t count on a watch gaining or even retaining its original retail price. As such, you should treat it like any other investment and spend only what you can comfortably afford.

5. Are You Purchasing From a Reputable Dealer?

You want to make sure your dealer is authorized–check out reviews of the business or online seller. This will protect you from buying a “knockoff” (which, according to the Wall Street Journal, are still being produced at an incredible rate in Asia) and it will also ensure that you can get inexpensive repairs or a replacement should your watch be defective.

6. What Features Do You Want?

Consider what features you need in a watch. While certain things like waterproofing are nearly essential, a chronograph or a lot of extra details might be unnecessary.

7. Consider Buying A Used Watch

If you’re interested in a classic watch, maybe even one with some wear and tear, buying used is a great option. It can ensure that you get a unique timepiece at an affordable price.

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