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Embarking Your First Luxury Watch Collection With a Budget

I have always been mesmerized by that small piece of metal case that shows our precious time on our wrist. Enjoined with either a steel, leather or rubber strap, a watch is a must have item before leaving home to work or attending that important gala dinner with our bosses.

Of late, I have been asked by friends if they should invest in a particular brand of timepiece and this important question brings me back to my then realty profession golden question, “How much is your budget that you are willing to spend for the unit?” So it’s not a rocket science question that most of us will have as a problem when it comes to our budget before we can afford to buy some luxurious items.

Therefore to unwind this situation, let us consider the following ways* that one can utilize before owing their luxury timepiece without bursting their hard earned cash:

1. Change straps to liven up existing watches
2. Troll the forums and eBay for deals
3. Take risks on KickStarter and crowd-funded watch campaigns
4. Pre-owned watches but not vintage timepieces
5. Save up, sell and trade watches
6. Not J-pop but Japanophilia – easy to love and inexpensive
7. Look for harder to find, small indie watch makers

1. Change straps to liven up existing watches
Straps are one of the easiest ways to spruce up the look of your watch in terms of its colour, texture and feel, provided you have a good taste and an eye for matching colours. Bearing in mind on the width of the strap, you need to know the measurements (18mm-24mm) in order to know what strap or bracelet to buy later on. Alternatively, you can also take pictures of your watch and post it online in the various watch community (http://www.rosswatch.com) to obtain some suggestions on what type of straps is highly recommended for your watch.

2. Troll the forums and eBay for deals
Let’s admit that the internet holds a lot of irresistible deals for all of us when it comes to bargain hunting for watches worldwide but then again, what you see online may not be available at the end of the day as it was snapped up by someone else. As such, it would be advisable to use a “saved search” function in order for eBay to send emails to you when new watches you are interested in shows up. For those who prefer to troll watch forums, it is actually quite an advantage to them for the sellers are usually on a time crunch – they may lower their prices due to lack of interest and also they might want to sell them quickly to fund something else.

3. Take risks on KickStarter and crowd-funded watch campaigns
There are many crowd-funding sites like Kickstarter and Indiegogo which often send emails to a BlogtoWatch on their new campaigns but not all will receive coverage as a BlogtoWatch prefers to focus on watches which will be made or currently available in the market. One of the best ways to get an inexpensive and interesting limited edition is to back a watch project on Kickstarter and Indiegogo. In short, you can get a lot of watch for your money and some inexpensive watch deals by backing crowdfunding campaigns but not without some risk and wait.

4. Pre-owned watches but not vintage timepieces
Buying pre-owned watches is akin to that of a used car that depreciates after their original price. Such watches can be purchased from individual sellers or even dealers who compete to offer you the best watches as the best prices. While looking for pre-owned watches can be an excellent way to get your watch for less money, you must also consider the repairing or servicing needed for it. It is recommended to purchase watches that are less than 20 years old as a way of saving money in maintenance than buying a new one. Alternatively, you can visit www.rosswatch.com to get a reliable personal friendly service for advices on pre-owned watches.

5. Save up, sell and trade watches
The majority of today’s watch collectors are much more considerate with their purchasing powers due to their budget unlike those with deep pockets. This means that people are buying fewer watches and being smarter with their money. While this technique makes it difficult for one to grow a watch collection, the basic idea is simply to sell and trade only watches with people who are not able to afford it in the first place. This process will take some time to invest and master as you need to know the retaining value and ongoing desirability of watches.

6. Not J-pop but Japanophilia – easy to love and inexpensive
By all standards, when you mention about a Japanese mechanical watch, one will often think of Seiko, Orient or Citizen. This is in relation to its quality factors such as its movements, cases, dials, straps and others. While we do have Chinese-made mechanical movements, there are too many problems with them such as too likely to break over time compared to Swiss or Japanese movements. You can easily get a fantastic mechanical watch, for a few hundred dollars, made in Japan that is unthinkable at Swiss made prices.

7. Look for harder to find, small indie watch makers
We are always looking for new watch deals so why not try to look for smaller, often new independent-owned watch brands. Most of the companies sell their watches from a few hundred dollars to a few thousand. Made by watch lovers for watch lovers, these watches prove as a win-win situation in many instances. Nonetheless, one must always bear in mind that small watch makers’ work with third party suppliers – this means that some of the watches are beautiful and yet many are ugly too. While finding these watch makers may be tough, there are forums, blogs and other social media platforms that are hosting these indie watch makers. The plus point of getting these timepieces is that you can get a great watch at a good price without any middleman.

So these are the seven suggestions that you can adopt prior embarking on your luxury watch collection on a shoestring budget. Do holler to us if you think that there are ideas worth sharing in the comments section. TT

*Suggestions were adopted from ABTW article dated 08/02/2015 by Ariel Adams http://www.ablogtowatch.com/7-ways-survive-watch-lover-budget/

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