Will vintage wrist watches lose value in the next 10, 20, 30 years ?

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Depends when you purchased the watches as well ? I get your point, but it's hard to find scrap value fold watches that are desirable IMHO !
Thanks for your POV.


Agreed. Remember: when I purchased these watches, the gold weight wasn’t anywhere near scrap value.

Over time, the price of gold has increased as well as the general secondary market for most vintage and especially Rolex. Would I have done better in an index fund over the equivalent period of time? I think so but I can’t wear a mutual fund or an ETF to a wedding or a reunion.

I think the trick is to stick with the 4 or 5 blue chip vintage watch manufactures (Patek, Rolex, JLC, Omega, Heuer) and stay disciplined. Of course you could add another 1 or 2 manufacturers to my list depending on your specific taste. But, that’s really about it.

For as long as the blue chips are able to control pricing, the value of their older watches will continue to rise. It’s really that simple.
 
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Perhaps you’re buying the wrong watches?
I have three solid gold Patek Philippe, Heavy Gubelin, UG etc...
 
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I have three solid gold Patek Philippe, Heavy Gubelin, UG etc...

It seems like you have pretty deep collection.

Nothing wrong with scaling back if you feel things have gotten a bit frothy.

Gubelin sold awesome gold watches, didn’t they? A dozen years ago, you could pick ‘em off for 600 - 700 on eBay, all day long.
 
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Yes, but at what point do you stop collecting and think about the future? I have over 50 vintage watches ! How many does it take to enjoy ?
51 😀
 
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7 year old asked for 105.003-63, which I wear a lot.
6 year old asked for 2914-5
5 year old asked for 2998-62 . She likes the hands.

Good taste I'd say!
Can you adopt me.........please?
 
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On the other hand, each vintage watch needs to be valued on its own merits - it is somewhat like a market of one.

Indeed! In that sense watches are like other antiques - specialist knowledge is needed to understand relative value (compared to other examples in the category), but absolute value is really driven by the public's overall interest and the economy. On the positive side, there's a whole generation of young men who have become interested in mechanical watches, and they're likely to remain interested for decades (we tend to stick with our habits and interests formed under 40).

On a less positive note, the run-up in watch prices is partly a function of the vast amounts of liquidity in the economy since 2008. People with money often find themselves with too much of it and have been bidding up prices of many luxury investment categories (the "everything bubble"). When fiscal policy changes, or the wealthy are taxed at a 70% marginal rate, paying $100k for a watch may seem less attractive...
Edited:
 
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This is possible if nobody wear / collect vintage watch in the future.
 
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I would never tell my clients to consider watches ( any watch...period ) or any non liquid asset as anything more than 2-5% of their total portfolio holdings. Gold or precious metals ? The actual specie or say “GLD”. ?? Or mining stocks or other Alternative investments? Again, in that 5-10% category... much better incrementally buying S&P500 at December 2018 prices and watch it rally ... I’m buying my vintage watches solely for the joy of collecting. I would never expect them to go up. If they do - great. But not an expectation for my retirement plan. But certainly a better “investment” than boats. My Chaparral has plummeted in value...
 
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I cycle through my watches, because I'm not rich, and I need to sometimes sell watches to purchase another. There are times I lust over a vintage watch, and search for months to find a nice example. Then I go to sell it on a forum like WUS, and can't find a collector with the same enthusiasm unless some famous YouTuber made a video about the watch, or Instagramer posted a nice picture of it with the Swiss Alps in the background and called it a Calatrava.
 
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This is possible if nobody wear / collect vintage watch in the future.
Nobody is perhaps a bit overly negative but if you look at pocket watches the number of collectors may have been decimated in the last decade I guess.
 
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I read this thread with great interest as a junior to this hobby (and a junior in life, being in my early 20s). It baffles me to hear stories about the watch market 30 years ago since that was before I was even born. However, I think we can safely say that one trend is prevalent: up. The main stream vintage watch market is arguably at its all time high right now.

I can't predict the future but I will share some insights regarding my generation. I grew up without a mobile phone until I was 12 years old (I got it when I went to high school) but technology has strenghtened its grip on society ever since. I can't begin to imagine the technological shock more senior members of society went through. Imagine stating in 1969 that in 40 odd years, computers that were thousands of times more powerful than the computer that landed us on the moon could fit in your breast pocket.

In my direct environment there's a pretty sharp division among peers that I think is a good reflection of society in general, distinguishing three factions:
1. The indifferent
A watch? I'll check the time on my phone, thank you.

2. The utilists
I'll buy a basic/cheap quartz watch or even a smart watch for functional and aesthetic purposes. After all, my wrist does appear rather desolate without something strapped onto it and it is convenient to check the time without having to dig into those jeans pockets to pull out my phone.

3. The afficionados
This is a relatively rare breed with an interest in watches that more often than not does not come on its own. Usually these young men pay more attention to their appearance in general and they are more invested in building a wardrobe of good quality garments, opting for quality over quantity. Watches are a logical step in that process.

However, vintage watch afficionados are seldom seen. I know of one person outside the community that has a mild interest in vintage watches. Some get their interests sparked due to inheriting a vintage heirloom or because there is a broader fascination for 'how things used to be', as opposed to the technological and ever accellerating era we currently live in. Personally I love the '60s style of watches so naturally that is where the accent in my watch collection lays. But this doesn't come alone. In terms of taste I also adore '60s furniture, cars and clothing. Owning and wearing vintage watches feels like using a time machine to me. Not only is the design more appealing to me (aesthetic reason) but older mechanics never seize to amaze me. I've had both an Omega cal. 751 (5xx family) and a UG cal. 69 microtor professionally serviced and both were able to run within chronometer specs - even after 50 years.

In my opinion the main stream fashion in this era largely revolves around toss-away quality and that is dispiccable to me. I am not much of an environmental activist whatsoever but I like to think that I contribute my fair share to the global efforts by giving vintage watches a second life and by buying quality garments only, aiming for a 10 year plus life span.

Now, back to the topic at hand. I think scores of new vintage watch afficionados discover this hobby every day but this might be at a later age than in their early 20s. This probably comes down to a couple factors: 1) money at hand, 2) time at hand. People in their early to mid 30s will usually have settled quite well, owning a house and possibly having started a family of their own. This slows social life outside of family down considerably. Provided this person has a steady job, it is likely that these are relatively prosperous times compared to their 20s. Consequently, there's an abundance of money and a lack of opportunity to spend it outdoors. Some might save up but others might actively look for a hobby and watch collecting is a wonderful option. Perhaps this is why we see so many people in their 30s around.
 
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I read this thread with great interest as a junior to this hobby (and a junior in life, being in my early 20s). It baffles me to hear stories about the watch market 30 years ago since that was before I was even born. However, I think we can safely say that one trend is prevalent: up. The main stream vintage watch market is arguably at its all time high right now.

I can't predict the future but I will share some insights regarding my generation. I grew up without a mobile phone until I was 12 years old (I got it when I went to high school) but technology has strenghtened its grip on society ever since. I can't begin to imagine the technological shock more senior members of society went through. Imagine stating in 1969 that in 40 odd years, computers that were thousands of times more powerful than the computer that landed us on the moon could fit in your breast pocket.

In my direct environment there's a pretty sharp division among peers that I think is a good reflection of society in general, distinguishing three factions:
1. The indifferent
A watch? I'll check the time on my phone, thank you.

2. The utilists
I'll buy a basic/cheap quartz watch or even a smart watch for functional and aesthetic purposes. After all, my wrist does appear rather desolate without something strapped onto it and it is convenient to check the time without having to dig into those jeans pockets to pull out my phone.

3. The afficionados
This is a relatively rare breed with an interest in watches that more often than not does not come on its own. Usually these young men pay more attention to their appearance in general and they are more invested in building a wardrobe of good quality garments, opting for quality over quantity. Watches are a logical step in that process.

However, vintage watch afficionados are seldom seen. I know of one person outside the community that has a mild interest in vintage watches. Some get their interests sparked due to inheriting a vintage heirloom or because there is a broader fascination for 'how things used to be', as opposed to the technological and ever accellerating era we currently live in. Personally I love the '60s style of watches so naturally that is where the accent in my watch collection lays. But this doesn't come alone. In terms of taste I also adore '60s furniture, cars and clothing. Owning and wearing vintage watches feels like using a time machine to me. Not only is the design more appealing to me (aesthetic reason) but older mechanics never seize to amaze me. I've had both an Omega cal. 751 (5xx family) and a UG cal. 69 microtor professionally serviced and both were able to run within chronometer specs - even after 50 years.

In my opinion the main stream fashion in this era largely revolves around toss-away quality and that is dispiccable to me. I am not much of an environmental activist whatsoever but I like to think that I contribute my fair share to the global efforts by giving vintage watches a second life and by buying quality garments only, aiming for a 10 year plus life span.

Now, back to the topic at hand. I think scores of new vintage watch afficionados discover this hobby every day but this might be at a later age than in their early 20s. This probably comes down to a couple factors: 1) money at hand, 2) time at hand. People in their early to mid 30s will usually have settled quite well, owning a house and possibly having started a family of their own. This slows social life outside of family down considerably. Provided this person has a steady job, it is likely that these are relatively prosperous times compared to their 20s. Consequently, there's an abundance of money and a lack of opportunity to spend it outdoors. Some might save up but others might actively look for a hobby and watch collecting is a wonderful option. Perhaps this is why we see so many people in their 30s around.

Great post. 3 years back, when I started this hobby of watch collecting, only a close friend of mine enjoys watches (he was eyeing the 42mm IWC Portofino, but he woke to his senses) but now....close to 50% of my friends I know are into watches.

I think it could be the buying power that we have (i'm reaching 40 in a couple of years time), we have settled our major finances (buying a home/car, providing savings into investments for rainy days etc), so we might actually end up with some extra bit of cash.

Hodinkee initially didn't do us any favors when they were still legit (independent, and really writing/producing good stuff), my friends and I begin looking at UG, Enicar, Omega Connies and all that good stuff. Somestimes we buy to celebrate a certain occasion what not...but really its to wear and to enjoy.

I think there's still a great wide market that's yet to be tapped; general population has no idea what UG is but its growing.
 
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Is the vintage market getting soft and weak already or is it me ?
 
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Is the vintage market getting soft and weak already or is it me ?
When 20% of your portfolio disappears overnight, I doubt too many people will be buying watches in the short to mid-term.

Rough seas ahead.
gatorcpa
 
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One may never reap the rewards of endless nights on eBay and instagram looking for that needle in the haystack and eventually striking gold, but who cares ... It is better than blowing your money on girls, drugs and booze. At least you have a nice vintage watch to show for it, not a dirty nappy! 😀
 
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One may never reap the rewards of endless nights on eBay and instagram looking for that needle in the haystack and eventually striking gold, but who cares ... It is better than blowing your money on girls, drugs and booze. At least you have a nice vintage watch to show for it, not a dirty nappy! 😀

Indeed. Any collector (of watches, paintings, ...) worth his salt would advise, "buy what you like". In the end, that's all it really matters.
 
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I've really enjoyed reading through everyone's responses to the OPs origional query. I've always had a thing for collecting, toys, bikes, stamps, football stickers, games, CDs, cars and now watches.

As I've got older, settled in life, I've helped my kids with similar, I suspect starting with their collection of Thomas the Tank Engines...

For me, owning a nice watch was always a dream, something else in life to aspire to but the usual daily grind of work, mortgage, bills, repairs, kids, et all always got in the way. Last year, SWMBO (She Who Must Be Obeyed) got me my first, a Breitling as I've hankered for one since the 90s.

Years ago I had bought her an Omega which I thought was her birth year, after browsing OF for a while back then realised I'd paid the newb tax, oh and not a birth year 🤦. Since last year I've made a couple more purchases, one vintage, one new, both Omega. I love wearing a 'proper' watch compared to a Smart, or even Quartz and am now fairly settled on Speedmaster's, sound familiar...?

Why? I love the look, history, that it's a manual workhorse and just knowing what's on the wrist. Also it's great to own somthing which is a complete opposite to the digital age, reliant on me rather than a socket. As to value, I hope they will remain worth something as it would be nice to pass something on with some monetary value but the real value I hope is the memories they may provide to my children...

I suspect these and many other reasons are why we all buy these pieces and I suspect will keep buying watches for years to come. As to the OPs origional question, I think a large amount of us kind of hope our choices will hold their own in the years to come, if not for ourselves but as an extra bonus for the next generation to add more stories and 'what have I inherited?' posts.
 
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Do your children care about your vintage watches ? I'm just saying !
My grandson is thrilled at the thought of getting my watches. I gave him a 100 year old non-working (except for time set) pocket watch for Christmas as an ornament. He went crazy looking for his pocket to put it in and a place to clip the chain. Start them young.
 
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Interesting string. Mechanical wristwatches are already obsolete, but they just keep on selling. The Swiss mechanical watch industry has fully recovered from the Quartz Crisis (let's hope the COVID-19 crisis is a temporary blip). People are still wearing wrist watches because they are cool, and vintage watches have a special kind of cool due to their aesthetic attributes, and their symbolism of quality and craftsmanship. They are also functional, since they do tell the time. They also have a certain resiliency factor, since even without electricity, they will tell the time. For these reasons I think they will always be in demand among a sizable portion of the public. Since the number of good examples from the "golden age" of the 1940's--1970's keeps diminishing, I think demand will always outstrip supply. Good examples keep diminishing for two reasons: collectors holding on to the best examples more or less permanently, and unsympathetic "restorations." For these reasons I do not think wristwatches will go the way of stamp collecting or pocket watch collecting.