Times are going to get tough and that is for sure , I have been through 3 recessions and this is my 4th.
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 ?
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 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
Tags: Buy my vintage watch, buy vintage watches london, heuer vintage watches, I love vintage watches, is my watch vintage, Sell my vintage watch, Sell my vintage watch by post, Sell my vintage watch from home, sell my vintage watch today, value my vintage watch, vintage rolex, Vintage Rolex GMT, vintage watch, vintage watch investment, vintage watch pawn, vintage watch repair, Vintage watch sales Devon, vintage watch sellers uk, whats my vintage watch worth, where can I buy vintager watches
The Bovet watch name is not so well known to some watch buyers but the company has a long and prestigious history starting in 1822 but its founder Edouard Bovet ( 1797 to1849 ) was in fact the son of a watchmaker and he went to London to study watchmaking ( don’t forget England was the centre of watchmaking ( a long story for another blog )) and he started the Bovet watch company in 1822 seemingly to capitalise on the export market to China ( how things change ).
As ever the Chinese market dived ( 1855 ) partly due to counterfeits ( just shows theres nothing new in watches !) the company was purchased in 1888.
The following is an extract from Wikepedia
In 1901, the Bovet trademark was sold at auction in Paris to Cesar and Charles Leuba, sons of Ami Leuba. Jacques Ullmann and Co., another successful production of watches for the Chinese market, purchased the Bovet brand in 1918. After Jacques Ullmann went out of business in 1932, the Bovet name was bought by Albert and Jean Bovet ( some family connection ?) , who were successful watch makers and registered several patents for chronographs, such as the mono rattrapante—a device that would pause the second hand for a reading while the mechanism continued to run. The company Favre-Leuba purchased the name and manufacturing facilities from the Bovet brothers in 1948.
This therefore leads us to this really attractive watch we have recently purchased which as 34 mm is a pleasant size on the wrist and one of the prettiest chronographs I have seen for some time.
We would love to buy more Covets so if you have one please let us know.
If your interested in this watch here is our advert for it.
Take a look and contact us for more details.
WoWadmin May 18th, 2019
Posted In: Second Hand Watches
Tags: Bovet Chronograph, Bovet watch, sell my broken Breitling, sell my broken watch, Sell my vintage watch, Sell my vintage watch by post, Sell my vintage watch from home, sell my vintage watch today, sell my watch, Vintage Bovet watch, vintage watch, vintage watch investment, vintage watch repair, Vintage watch sales Devon
If you want to sell your Rolex GMT then here at Watches Of Westminster we love to buy vintage Rolex “tool” watches such as The Rolex GMT Master.
We make the process very quick and simple . A staff member from Watches Of Westminster will also travel to your home to collect the Rolex GMT in person.
The Rolex GMT master came about in 1953 when Pan American Airlines and a airline from Europe ( quite possibly an Italian one ) actually approached Rolex ( who had one of the best reputations for tough accurate watches ) to develop a watch that could tell the time in 2 time zones. The Rolex GMT simply gets its name from Greenwich Mean Time and has been copied many times by other manufacturers.
Aeroplanes were not very sophisticated in those days as they are now and knowing the time in the time Zone you flew from and were flying to was quite important !
The watch with the Pepsi bezel is now an iconic design loved by many including myself ! The 2 below are in my collection !
WHAT ARE THEY WORTH ?
Depends very much on age , dial condition and existence of paperwork and boxes but if you send us some decent pictures of the front and back of the watch plus any boxes or paperwork we can give you a fixed price for the watch the same day
WoWadmin December 7th, 2016
Tags: heuer vintage watches, Second hand Rolex, sell my broken watch, sell my gmt, sell my rolex, sell my rolex gmt, sell my rolex hatton garden, sell my rolex today, Sell my vintage watch from home, Sell my watch from home, Vintage Bovet watch, vintage rolex, Vintage Rolex GMT, vintage watch, vintage watch investment, vintage watch pawn, vintage watch repair, Vintage watch sales Devon, vintage watch sellers uk, whats my GMT worth
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