If your passion is watches, you are not alone: Over $8.8 billion in watches sold in the US in 2015. Our passion for luxury watches has fueled some of the highest auction prices ever paid for a watch. In 2014, Sotheby’s sold a super complication pocket watch for $23.2 million!
Whether you are fortunate enough to attend the holy grail of watch sales–Baselworld in Basel, Switzerland–or prefer to search for your luxury timepiece through your favorite watch specialist, there are a few things you should know about protecting your favorite wearable art.
- There is a difference between water resistant and waterproof. If water gets into a water-resistant watch, the water will corrode the inner mechanisms and may make the watch costly to repair, if that is even possible. Make sure you read the manufacturer’s guidance on your watch’s tolerance for water. And never wear your watch in the steam room. The moisture and heat levels typical of a steam room are not recommended for any watch.
- Self-winding or perpetual movement watches, such as Rolex, Audemars Piaget and Patek Philippe, to name a few, keep time through the natural motion of the wearer’s wrist. When not being worn, a wise investment is a watch winder, which will not only help your watch keep time but will also help protect your investment. The watch winder’s constant movements keep the lubricants in your watch moving, which protect the delicate mechanisms that keep your watch functioning.
- Whether you have a self-winding, quartz, or manual winding watch, follow the manufacturer’s instructions for wear and care. Instructions often suggest that the watch be returned to the manufacturer for a tune-up every couple of years to help maintain optimal performance.
- Last, but certainly not least, make sure you protect your luxury watch against loss by having an “all risk replacement cost” insurance policy. Proper insurance coverage will help you replace it with the same model or a comparable one if the model has been discontinued.