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In this technology age, many of us have purchased luxury timepieces through the Internet.
So how do we ensure that the timepiece which we bought or we are going to buy is the real deal?
Authentic and original? Or simply a composition of cannibalised pieces from other watches?
What is its provenance? Has it been serviced by a qualified technician? What is the prevailing market value of your purchase? Have you received what you thought you purchased?
The answer to these conundrums is to contact Bonfield for your personalized appraisal. Your appraisal will determine the quality, history, mineral analysis, gemology and specific detailed analysis of the crown, dial, case and band of your timepiece or jewelled timepiece
Watch Authentication & Value.
So what determines the value of a watch? What is the replacement or prevailing market value? How do you determine if a watch is collectable?
Determining factors include quality, craftsmanship, supply, demand and history. The higher a watch scores on these factors, the more collectable it is.
Quality & Craftsmanship
The quality of a watch depends on its craftsmanship i.e. the care that was taken of in the design and complexity of the watch case, dial and movement. Its accuracy in time keeping, its reliability and longevity also determine its quality. Complicated watches are equipped with sophisticated and technical materials and specialist oils. As with any type of art, the value of a watch can vary due to condition plus wear and tear.
Supply
The quantity of a watch produced affects its demand. A unique timepiece with only a handful of examples is far more collectable than another that may have been mass produced for a less discerning market.
Provenance
A watch’s brand legacy is often traced back to how long ago the watch manufacturer began business, how old the company is, what innovative designs it is known for and the awards it has won, etc. A watch’s provenance refers to when it was first worn or what it is most remembered for e.g. the Omega Speedmaster was the first watch worn on the moon and as such has established itself as a high-end timepiece associated with adventure and the pioneering spirit.
Demand
The demand for a watch is the most difficult factor to measure. Demand can be a combination of some or all of the above factors. Another important factor that can determine demand is lifestyle – the status attributed to wearing a particular watch or brand. For instance, a Rolex watch is widely considered to be a status symbol. Thus, while Rolex releases thousands of each new model annually, the demand for a Rolex remains high and in some circumstances this leads to a constraint in supply!
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