The vintage watch market is a fairly specialist retail sector and your choices are few and far between. The famous Austin Kaye closed down last year which I am afraid is probably more to do with the rents/rates in central London rather than the interest in vintage watches.
There are of course a number of vintage watch shops left in London but as ever the price of any watch has to take into account the overheads incurred in order to present those watches to the buying public and very reasonably so. I had premises for a while until it became pretty clear to me that the watch business works very well on the internet and the need for customers to actually see your watches can be easily catered for by meeting in a mutually convenient place.
Everyone has heard of Hatton Garden and whilst it used to be primarily jewellery and workshops there have been more watch shops opening up but again given the rents and other costs bargains will never be available and dont expect a great price for your Rolex ( although the margins are lower on this and a few other brands ).
ARE VINTAGE WATCHES CHEAP ?
Everyone wants a bargain but as with most things in life you have to pay top money or take a risk when buying vintage watches whether thats in London or anywhere else. Unless your buying something fairly cheap ie £200 you really need to buy from a retailer offering a full invoice , a warranty and certification. If you are buying a vintage watch these documents will almost certainly allow you to sell the watch for more than you bought it for in say 5 years time although watch out retail and trade are not the same thing !
DO YOU WANT TO INVEST IN VINTAGE WATCHES ?
A good plan but as ever you need to know what you are doing my best tips are
SO WHERE CAN YOU BUY VINTAGE WATCHES IN LONDON ?
Simple just do a Google search but if you are looking for investment watches , learn the market , investigate what you are interested in and keep a long good eye on the internet. There are bargains to be had but not in the High St retail shops !
WoWadmin July 3rd, 2021
Posted In: Second Hand Watches
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