Why should you buy luxury watches?
The luxury watch market has been facing colossal demand lately. There are various factors that have made it worth buying a luxury watch. But getting one from the retail store is not easy, so you might have to turn to a pre-owned store. Here’s why.
Things that make pre-owned luxury watches worth buying
Over the years, the benefits of buying pre-owned luxury watches have increased. This is due to the increasing demand and the huge waitlists for brand-new watches. At retail stores, these waitlists can vary anywhere from 2 weeks to 2 months to even 2 years. Surprisingly, there are even watches that have a wait list as long as 7 years.
It is not just the waiting list that is the problem here. At times, getting your name on the waitlist also becomes cumbersome. This has made many watch buyers shift towards the pre-owned luxury watch market. Here are all the reasons that will make shopping for a pre-owned watch worth your time and money.
- Better pricing
- Easy buying process
- Find models that are otherwise harder to find
- Vintage options available
- Brand-new condition
Often better pricing
Most luxury watches appreciate in price, but there are some that take a hit as soon as they are out of the retail store. For instance, most Rolex watches like the Rolex Pepsi are being sold at a premium in the pre-owned market. But if you are looking for a Hublot, it would be better to go in for a pre-owned one since you might be able to save up some money.
The basic rule of thumb here is that if a watch is readily available in the retail store, you will be able to find it at a more reasonable price in the pre-owned market. On the other hand, if there is a waiting period for that watch, it will be available at a premium in the secondary market. Higher the waiting period, the higher the price premium.
Easy buying process
Unlike buying from a retail store, buying from a pre-owned store is a very simple process. At a retail store, you first have to build a relationship with the brand. Only then do you get a chance to get on to the waitlist. This waitlist can last quite a while. In comparison, pre-owned stores allow you to walk in, pay, and take the watch. Overall, the whole process is hassle-free, and there is no waiting whatsoever.
Find models that are otherwise harder to find
Among the wide variety of pre-owned luxury watches in Dubai, you can also find rare and hard-to-find models. The reason behind the rare availability of these watches is that they either have a limited production run or have been discontinued. They still have a huge fan base, and people are even ready to pay a premium to get these watches.
One can always find such watches in the pre-owned market. From the Rolex Submariner Hulk to the Patek Philippe Nautilus 5711, you can find any discontinued watch in this market. Even if you are looking for something like an Audemars Piguet Royal Oak, which has a huge waiting list, you can get it almost instantly by going in for a used one. These watches are available with different bracelet materials and you can pick the one that matches your taste.
Vintage options available
A lot of watch enthusiasts and collectors are often attracted to vintage watches. You can also find something for yourself if you are one of them. While vintage models are not easy to find, there is a chance that you might be able to find something in the pre-owned market.
In the pre-owned market, you can find anything from a vintage pocket watch to a Cartier dress watch from the 1980s. You can even find some extremely hard-to-find watches like the Rolex GMT-Master II Ref. 16760 “Fat Lady” in the used luxury watches market.
Many people think that if the watch is pre-owned, it is going to be in bad condition. That is not always the case. There are times when watch aficionados buy these watches to collect and keep them in their safe. After a while, they either sell it for a profit or trade it for another watch. That is when you can get your hands on an essentially brand-new watch.
On the pre-owned luxury watch market, you can even find watches with full stickers on and the tag attached to them. This gives you an even better chance to own something for which you would have otherwise waited in a long queue.
Consider buying a pre-owned watch over a new one
The benefits of buying a luxury watch from pre-owned stores make it worth your time and money. Whether you are looking for a good price or a great vintage watch, the pre-owned luxury watch market is where you should be looking. While reading this article would have helped you gain confidence in the pre-owned watch market, you will realize the actual benefits of it only once you shop for them yourself.