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How much does a watch really cost? This question has confused many people who are considering buying one. As a seasoned observer from the global watch community, I’ve gathered insights from experienced collectors over the years and want to share them with you.
First, when buying a watch, it's important to have the right mindset. Don’t treat it as a financial investment from the start. While some watches may appreciate in value over time, this is rare and not the norm. Like cars, most watches lose value after purchase. The depreciation rate depends on several factors—so if you're curious about how much a watch will devalue, check out second-hand markets or online platforms. Look at what similar models are selling for used. If a watch retains 20% of its original price, that’s considered a good hedge.
Collectors often buy watches for emotional satisfaction. Wearing a well-crafted timepiece can bring a unique sense of joy and pride. If you’re into collecting and plan to sell some pieces later for profit, remember: you’ll need to invest significantly upfront. From a business perspective, nothing is ever truly valuable unless it’s in demand—and this applies to watches too.
Second, make sure the cost of the watch fits within your budget. If you can afford a new one, that’s ideal. But if you're thinking about resale value, set realistic expectations. Even high-end watches tend to depreciate over time.
What matters most is whether the watch is worth the price you pay. High-quality watches are typically expensive. For an entry-level Swiss mechanical watch, expect to spend around $500. A mid-range Swiss mechanical model usually costs between $1,000 and $3,000. For a more premium option, aim for $5,000 to $10,000.
But don’t assume that $5,000 will always get you a mid-range watch. In reality, the mid-range market often starts at $15,000 to $30,000, where design, functionality, and materials are noticeably better. When choosing a watch, consider all aspects: design, function, brand, and overall quality. If you're unsure, there’s a common saying: "If you don't understand the watch, just go for a Rolex." Of course, that’s only if you can afford it.
Ultimately, buying a watch should be about passion, not just price. Take your time, do your research, and choose something that speaks to you.