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Old 19 December 2022, 11:08 AM   #1
jithu9684
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What preowned watches tend to hold decent value when bought used?

Sort of a random question, but curious if there are any watches that take the initial depreciation hit, but then stay relatively flat in the used market. I've bought several new, that usually take a 30-50%+ hit in the first year, so looking to try out a couple of used ones. Understand that even used, they will take a bit of a hit, but ok with a little bit. Not trying to guess which ones are going to go up in value, or make money. I think subs and probably any Rolex might fit the bill, but any others?
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Old 19 December 2022, 02:00 PM   #2
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Speedy pro is a good candidate.
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Old 19 December 2022, 02:09 PM   #3
shaunylw
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Speedy pro is a good candidate.

I would agree. If you buy a speedy for market price, it’s going to be that price down the road. They don’t seem to move around much. Ed white speedmaster or a snoopy being the outliers.


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Old 19 December 2022, 08:54 PM   #4
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Agree about the Speedie.

My Omega Speedmaster FOIS has performed surprisingly well if you pay attention to those things. Turns out a straight-lug ~39mm Speedie that isn’t a 321 is quite sought-after.
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Old 19 December 2022, 11:32 PM   #5
jithu9684
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That was one of the ones that I was looking at. There are so many variances, are there specific ones to avoid or look for? This probably doesn't fit the bill since it is not the "traditional" one, but I really dig the Dark Side of the Moon.
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Old 20 December 2022, 12:22 AM   #6
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Manual wind and Hesalite is the way to go, after all its been to the moon

Quote:
Originally Posted by jithu9684 View Post
That was one of the ones that I was looking at. There are so many variances, are there specific ones to avoid or look for? This probably doesn't fit the bill since it is not the "traditional" one, but I really dig the Dark Side of the Moon.
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Old 20 December 2022, 02:16 AM   #7
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Old 20 December 2022, 03:06 AM   #8
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+1 Speedy. Look at the choices and get the one YOU love. My wife 'insisted' i get this version after the AD offered it. Great timepiece and verrrrrry comfortable bracelet too. One of, if not the, most comfortable. Have you tried one on yet?

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Old 20 December 2022, 03:15 AM   #9
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My Omega Speedmaster FOIS has performed surprisingly well if you pay attention to those things.
Well how exactly? I've seen one sell for close to or below their original list price of 5.300 usd.

When you look on MODA people are selling these for 4.000 usd. Whatever you see on Chrono at 5.6k usd or higher is unrealistic.
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Old 20 December 2022, 04:21 AM   #10
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Well how exactly? I've seen one sell for close to or below their original list price of 5.300 usd.

When you look on MODA people are selling these for 4.000 usd. Whatever you see on Chrono at 5.6k usd or higher is unrealistic.
The list wasn’t the purchase price when these were readily available. I bought from a grey, brand new, for €3k.
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Old 20 December 2022, 06:16 AM   #11
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In my experience, most Omega, Tudor and Grand Seiko models will hold up pretty well if purchased for the right pre-owned price. Let the first owner take the depreciation hit and then you'll be able to purchase, enjoy for a while, then sell for a pretty negligible loss.

That being said, some large reputable ADs charge excessively high prices for pre-owned models that would still carry a significant amount of depreciation. I'd recommend buying from pieces with factory warranty intact from established sellers on forums rather than from a bigger name store with a big markup.
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Old 20 December 2022, 07:07 AM   #12
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Hesalite speedy gets my vote.
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Old 21 December 2022, 06:39 PM   #13
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Don’t most watches hold their own after the first hit? Unless of course a real dog.

The trick is to buy at the right price.


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Old 21 December 2022, 11:08 PM   #14
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Agree with what others have posted - Speedys and Subs are pretty consistent. Some Tudors as well- my Pelagos is listing for a bit less than what I paid back when it was first released.

That said, I suggest you take a look at Watch Charts and Chrono24. They show historical trending prices etc. I reference them to determine whether I’m getting a fair market price, and whether to buy new or used.
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Old 22 December 2022, 01:00 AM   #15
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The list wasn’t the purchase price when these were readily available. I bought from a grey, brand new, for €3k.
So everything stayed the same.

Current prices 4k usd = 3.770 euro

3k euro in 2014 = 3,848.02 euro in 2022
3k euro in 2017 = 3,674.35 euro in 2022
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Old 22 December 2022, 11:51 AM   #16
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Any pre-owned manual wind Panerai around $3k. Ton of fun, no worries for power reserve/servicing cost and great on rubber strap for skiing or summer swimming :-). If you need to sell, your downside is probably limited to a few hundred bucks.
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Old 23 December 2022, 05:38 AM   #17
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I've bought IWC, Breguet, Blancpain, Omega, Sinn, GS pre owned at good prices- and those prices have remained more or less stable in the long term, maybe up a couple of hundred or down a couple depending on the week,
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