Is the value of your watch increasing?

Is your watch worth more than the price you originally bought it for?
CAERPHILLY, Wales - July 6, 2021 - PRLog -- Let's not kid ourselves: life is already stressful enough. So the prospect of having to get your watch appraised again certainly doesn't seem all that pressing. You probably had it appraised a few years ago; it's covered by your insurance, so you're safe, right? You probably wouldn't be, realistically. Watch values do not advance in a straight line, and in some situations, the replacement value can rise dramatically in a short period of time.

Take, for example, the Rolex Datejust in the photo. It's a very normal watch that's almost twenty years old, with a replacement value of roughly £3,500 three to four years ago. It's not gold; there are no diamonds, no waiting list, and it's not on the wrist of a celebrity chef. So it couldn't possibly have increased that much, could it?

It has risen, but not as much as you might assume. This watch will set you back between £4,500 and £5,000 nowadays. That's a 28-42 percent rise, and a significant shortfall that you'd have to make up in a settlement.

The fact is that watch values are unpredictably fluctuating, and any growth will not be linear. Regularly having your watch valued is the only way to ensure that you have adequate insurance coverage.

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Daniel Simmons
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