There are those who fancy collecting coins and stamps and currency notes. And there are those who make a fortune by collecting watches. Watch Enthusiasts or Watch Collectors are on the rise these days and have opened an arena for watch enthusiasts and watch makers and traders across the globe to connect. If you are from Australia, you might have come across some of the finest Watch Boutiques in Sydney and Melbourne or Vintage Watch Repairs Sydney or in Canberra. These are some of the hotspots to find the best Watch Dealers and Watch Collectors all over Australia.
Collecting watches
Collection of watches is quite an expensive hobby with the collector investing in timepieces. Watches go up and down in the market by its value as each individual watch’s price is altered by the manufacturer. Some watches are considered vintage and hold high value in the market, even more than its once sold price. Watch enthusiasts spend a lot of time in research and invest in watches that are likely to be of high demand later on in the market.
Just like stocks or shares or even gold and oil, the price of watches change every few days as the demand varies each season. Some timepieces that are now not in manufacturing can be of extremely high value to those who want this watch in their collection. Some watch enthusiasts search all over the world for watches that are rare and unique, even if they are pre-owned.
Guidelines for Watch Collection
- Watch Knowledge
Watch Knowledge also known as Horology is the study of time and time pieces. Although a watch enthusiast doesn’t have to know all about the measurements of time and it’s working, a basic understanding of the machine will yield great knowledge in analysing the watches you like and would want to add to your collection. Also, there are different parts and designs of the watch that add value and uniqueness to the watch. So it’s important to understand the working mechanics and value of a timepiece before wanting to add to your collection.
- Market knowledge
Along with the knowledge of watches, one must also know about the market and brands. The makers of watches keep competing with one other by launching various different watches with competing prices. A collector must know which one would go up in value and which would not.
- Maintenance of Watches
A collector must always take very good care of his watch. The watches should always be in great condition for a good show-off which improves its value when traded. Repairs and upkeep must be regular and should be done at a qualified institute with reliable watch technicians such as Watch Repair Sydney and in Melbourne or Canberra.
- Beware of Fraudsters and Counterfeit
Trading online can be trickier than trading in person. A collector must make sure he is buying/selling to a genuine purchaser or seller. There are many counterfeit products in the market with barely any difference from the original product. And many fraudsters both online or offline pose like genuine buyers and may sell you fake products that are too close to identify from a real one. In some cases you might need an expert to do so.
These are some of the guidelines for those who want to invest and develop a hobby of collecting watches.
