Burlington Arcade, nearest tube Piccadilly Circus, is great for browsing vintage watches but don't expect anything near a deal.
You may also find a few in and around Hatton Garden, nearest tube Farringdon, but the area is more modern pieces and jewellery. There is a vintage shop around the corner on 19 Clerkenwell that may be worth checking out if you are in the area.
Enjoy London!
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