Fellow followers, whilst travelling we have been meeting quite a few fellow luxury gentlemen and gentlewomen who asked us the same question: “how do I go about buying my first timepiece?”.
In this article, we will be going through some of the basic steps to buying a luxury watch. This is a quick and easy timepiece buying guide. If you are in the market for a new luxury watch or a pre-owned timepiece, the basic guide to buying your first timepiece remains the same.
Firstly and foremost, your budget is the most important part to starting your journey. Timepiece prices range greatly so knowing your budget before getting into the research phase is very important, more importantly once decided stick to it. A good Swiss watch can range from as little as £500 and up to £5M! You can read our article on luxury watches.
Once your budget is fixed, the second phase is the research. When you delve into the world of timepieces, you will quickly notice that there are multiple places from which you will be able to purchase your first timepiece. There are official retailers, second hand dealers and more and more online retailers.
A word of caution, we would recommend reading reviews of the places that you are planning on visiting buying your timepiece from as this is one of the best methods to find out if that dealer is genuine. You can read a good article that can help avoiding buying a fake watch.
A luxury timepiece is somewhat similar to buying a car. It is an expensive purchase that carries a price tag but also holds a sentimental value to the owner.
As with any form of investment, you will want to take care of your first timepiece. Insurance is a good start, as there are many brokers out there offering good deals. It is important to note that usual home insurance doesn’t necessarily covers luxury timepieces.
4. Warranty & Aftercare
One of the most important factors to take into consideration when looking at buying your first timepiece, if pre-owned, is whether it is still under manufacturer guaranty. Because of amounts of money involved in luxury watches, many resellers offer their own watch guaranty, but double check what this covers!
Another point to think about is the aftercare. A bit like a car, a luxury timepiece has many complicated movements that need to be regularly checked to see that everything is working correctly. Brands recommend servicing your watch every three to five years to make sure that everything is running smoothly.
One aspect that seems to confuse potential first time watch buyers is the numbers on the dial describing the watch’s water resistance. Here is a quick recap, but if you want to learn more here is a good article:
- 30 metres water resistance will repel rain, but shouldn’t be submerged in water.
- 50 metres water resistance can be worn for swimming
- 100 metres for snorkelling
- 200 metres for more extreme water sports.
- 500 metres water resistance for water diving, although those specially designed for professional SCUBA diving might come with 1000 metres or more on the dial
Once you have finally decided your budget, whether you want a new or pre-owned timepiece and decided from which retailer you want to purchase from, it doesn’t end there!
Handing over a considerable amount of money for your first timepiece is no laughing matter. Every time piece is unique and even within a specific model, a year compared to another one, there could be minor changes which changes the timepiece.
It’s always worth trying before buying. Most establishments are happy for you to call and make an appointment so as you don’t feel rushed into committing.
In conclusion, buying your first timepiece is much like a journey on which you can learn a lot whilst making a sound investment. If you have any questions please do email us or get in touch on Twitter/Facebook and we will be happy to help you fellows out.