Times are going to get tough and that is for sure , I have been through 3 recessions and this is my 4th but now is the time to invest in vintage watches.
Luckily I stopped investing in the stock market on the second crash ( not black Weds ) and have not even thought about buying shares since , they are simply too volatile and frankly the returns are too low ( and taxed ) and a lot of smart and fast computers are going to take the big profits at your cost..
Property has always been a good investment for me ( being a Chartered Surveyor handy with tools helps ) but when in 2015 I started buying vintage watches I really have not looked back.
I don’t know anybody who has not made a decent margin on vintage watches ( and a number of new ones ) and if they are personal watches i.e. you are not engaged in a business theres no tax to pay of any sort.
This is an excerpt from the government website….
Possessions with a limited lifespan
You don’t have to pay Capital Gains Tax on personal possessions with a lifespan of less than 50 years. This covers all machinery, and includes things like antique clocks or watches.
Hmm I don’t know of any watch that won’t last 50 years but HMRC sets the rules !
Now the tricky part comes when you come to actually invest i.e. buy a vintage watch !
My best advice is to go to a well known auction house like Fellows. I used to buy from there in the early years and my watchmaker still does but then he tends to go for the cheaper watches i.e. up to £1,000 and needing work which of course he does for free !
If you have done your research and have built up a good knowledge of a particular brand or model then Ebay is always worth looking at and I have bought a few watches on Ebay but the margins are not so good but you do have the protection of Paypal !
You may be asking yourself at this point why Im not suggesting you buy from me when you invest in vintage watches .
You are more than welcome to and I offer better than high street prices and supply a warranty and certificate of authenticity but if you want the thrill of the chase and a bit of a hobby then there’s a massive world of vintage watches out there to explore but as ever profit is the reward for risk !
I would also generally steer clear of the more expensive watches i.e. over £5k as at this level they become of interest to the high end fakers ( The Audemars Piguet Royal Oak and Rolex Sub Kermit are very well faked and numerous ) and believe me there are many out there so always buy watches you personally like when you invest in vintage watches as you will build up a knowledge of them and you get to wear your watches and really enjoy your investment.
Im currently writing this blog wearing my Bulova Accutron which I absolutely love wearing , its a nice light watch and has a fascinating technical history. Put it to your ear and it sounds totally unique which is why they are called “hummers”.
I think they are quite undervalued but of course once they stop working repair is not so simple !
The bottom line is that if you like watches and want to invest , watches are a perfect solution . I have 5 classic cars but as much as I love them they do take a lot of maintenance luckily which I do myself but in terms of long term “profit” they don’t work so well.
Watches do !!
WoWadmin April 11th, 2020
Posted In: Second Hand Watches
Sell your Vintage Omega Speedmaster Professional Today call 07768316371
WATCHES OF WESTMINSTER SPECIALISE IN MAKING THE SELLING OF YOUR VINTAGE OMEGA SPEEDMASTER WATCH AS SIMPLE AS POSSIBLE.
Here at Watches Of Westminster we love buying Omega Speedmasters especially vintage models and we can complete purchases the same day.
Here is a Omega Speedmaster we recently bought. Its totally original and having just been serviced it is running perfectly. You can get more details from our watch sales page .
All Speedsters are special and there are a huge variety of them including price ranges . If you want an investment watch that you can wear and pass on then a Speedmaster is a good candidate. The pre moon watches are getting very pricey these days but M11’s can still be found for reasonable prices but as ever do your research and if buying remotely pay via Paypal !
If you like the super accurate timing of quartz watches Omega also made a digital Speedmaster ;
The old adage of buying the best you can really does apply and unless you have a good idea of what you are doing its best to buy from a High St store or a well known seller who has their reputation to look after.
To make it more interesting why not buy yourself a birthdate watch , they are available from 1957 ( very very expensive ) up to present day. Why not buy a new model to mark the birth of your son or daughter. It will be a daily reminder of that joyous moment in time.
You can do some initial reading up here
If you have anything similar to sell just contact me at Watches Of Westminster ,the number above is also my Whattsapp number.
We really do try and make the whole process of selling your watch as quick and simple as possible and can normally make an offer on some decent photographs and we are always prepared to travel for the right watch.
Contact us now , we are open all day every day !
WoWadmin May 19th, 2019
Posted In: Second Hand Watches
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