Are watch prices high or low?

Thread: Are watch prices high or low?

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  1. #1
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    Are watch prices high or low?

    I know we can't talk about prices of a particular piece, but I'm wondering about prices of watches in general.
    I started off with the intent of buying one nice watch, now I have 4 and I still have the bug...

    Looking at some watch pricing guides, for this year, I see prices on ebay are quite a bit higher than whats in print.
    Am I paying too much by buying now?

    Mike

  2. #2
    Member Eeeb's Avatar
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    Re: Are watch prices high or low?

    I have always found the price guides to be 'out of date' on pricing. But don't be fooled by high prices asked by sellers that result in no sale.

    I am tracking a few watches that are good examples. One has fallen to less than half of the original asking. It is still overpriced and still being relisted and relisted and relisted.
    "Forever is composed of nows." - Emily Dickinson

    "The watch has to be surrounded by a history.
    You need more than just a great design. You need to create an atmosphere around the product.
    Who is the company behind it? Why are they using this material?
    People need to be able to identify the watch with themselves. It's based on emotion." - Ralph Furter

    ...that's just my opinion and I've been wrong before and will be again and might be now!

  3. #3
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    Re: Are watch prices high or low?

    Quote Originally Posted by Eeeb View Post
    I have always found the price guides to be 'out of date' on pricing. But don't be fooled by high prices asked by sellers that result in no sale.

    I am tracking a few watches that are good examples. One has fallen to less than half of the original asking. It is still overpriced and still being relisted and relisted and relisted.
    I go by complete results not the for sale listings...

    Going back to the original question, if we think of today as a reference, are watch prices high or low in general?

    Mike

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  5. #4
    Member Tony C.'s Avatar
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    Re: Are watch prices high or low?

    Quote Originally Posted by panamamike View Post
    I go by complete results not the for sale listings...

    Going back to the original question, if we think of today as a reference, are watch prices high or low in general?

    Mike
    You need to be more specific. Some brands/models are undervalued, while others are overvalued. Time frames are also an issue, given the potential for further serious economic turbulence. All watches may be overpriced relative to a near-term dip, etc.

  6. #5
    Member trim's Avatar
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    Re: Are watch prices high or low?

    They're high when I'm buying and low when I'm selling

    Nah, just joking, never sold a watch in my life. But, I do feel 'very unscientifically', that I am paying more for watches now that I did a couple of years ago. But then, it might be that I am fussier. Certainly the guides are imo utterly useless.

  7. #6
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    Re: Are watch prices high or low?

    Quote Originally Posted by Tony C. View Post
    You need to be more specific. Some brands/models are undervalued, while others are overvalued. Time frames are also an issue, given the potential for further serious economic turbulence. All watches may be overpriced relative to a near-term dip, etc.
    Well, I'm looking at watches that aren't generally deemed to be in vogue, that doesn't seem to be an issue.
    I'm thinking more general watch price trend. Are we in a watch buying bull market, or is it more like a bear market.

    I don't have a good feel for this nor know where someone could find this type of thing out, I just noticed prices in the guide where quite a bit lower than what I've seen on the street.

    Regards,

    Mike

  8. #7
    Member Eeeb's Avatar
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    Re: Are watch prices high or low?

    Bull or Bear? The last 3 years have been a bear market. But it is getting better. However, no wild speculators have been funding watch buying so we haven't had a bubble, that's for sure...

    I think we should start a rumor that vintage watches extend your life or make you virile... LOL Oh, wait a minute... that might not be a good idea. I'll get priced out of the market!
    Last edited by Eeeb; December 18th, 2011 at 11:06.
    "Forever is composed of nows." - Emily Dickinson

    "The watch has to be surrounded by a history.
    You need more than just a great design. You need to create an atmosphere around the product.
    Who is the company behind it? Why are they using this material?
    People need to be able to identify the watch with themselves. It's based on emotion." - Ralph Furter

    ...that's just my opinion and I've been wrong before and will be again and might be now!

  9. #8
    Member LouS's Avatar
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    Re: Are watch prices high or low?

    Quote Originally Posted by Eeeb View Post
    Bull or Bear? The last 3 years have been a bear market. But it is getting better.
    Hmm. I guess we all see things through the prism of our collecting niches, and I have no doubt that mine is narrow -chronographs. I see the last two or three years as a time of steady price rises and relatively easy flips (not that I sell a lot). Also, pieces that would have been unsellable because of condition now actually seem to have traction. My long term forecast is bullish. There's a vast collecting community in Asia that is gorging itself on new watches just now, and has barely discovered vintage outside of PP and Rolex, but I think they will, and the vintage cannot expand at will as the supply is limited, forgers notwithstanding.

  10. #9
    Vintage & NAWCC Forum moderator Ben_hutcherson's Avatar
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    Re: Are watch prices high or low?

    At least on my end of the market, common stuff like 21 jewel railroads(especially Hamilton 992/992Bs, 16 size Bunn Specials, etc) in less than perfect condition is WAY down in price.

    The good stuff is still holding its own, and even increasing in value. By good stuff I mean both rare stuff, and common stuff that's in especially nice condition.

    Of course, with the recent craziness in gold value, few American gold cases are worth over their melt value. They pretty well have to be fancy cases(box hinge, scalloped border, multicolor) in really nice shape or contain a really interesting movement(Waltham Americans, etc) to be worth much over melt.
    Member National Association of Watch and Clock Collectors
    Member, NAWCC Chapter 149. Vice President and Secretary NAWCC Chapter 140. Member, NAWCC Convention Committee.
    Serious collector of American pocket watches-Waltham(and the predecessor companies) is my specialty.

  11. #10
    Member vintageguy's Avatar
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    Re: Are watch prices high or low?

    the true value of a watch is intheeye of the buyer. do your research, and make an offer. if you're rebuffed,
    move on, and keep looking. it's only a watch, not your first born you're bargaining for.

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