About Vintage Gold Watches
As well as a web destination, ‘Vintage Gold Watches’ is a partnership based in Bayswater, Central London (W2) U.K., engaged in selling ‘fine’ Swiss watches from circa the 1950s. We particularly love this time period for its elegance, craftsmanship and quality. In fact we consider this the ‘golden age’ of Swiss watch-making when technical superiority, craftsmanship and simple classic elegance all combined to provide us with some of the best timepieces ever made. For example we are great admirers of 1950s gold dress watches from Rolex, Jaeger-LeCoultre, Omega, Longines, IWC , Zenith. We also consider these watches offer great value for money, especially compared with their cost when new, (adjusted for inflation) and the price of their equivalents today. And while these are the six brands we specialise in and keep in stock, moving up the scale a little we have sourced, on behalf of our clients, vintage watches from Audemars Piguet, Patek Phillipe and Vacheron Constantin.
A Vintage Gold Watch as an Investment
It is rare to find an investment you can wear and often surprising that a beautiful vintage gold watch can acquired for such relatively little money, especially compared to its new equivalent. The huge advantage of course is the value of a vintage gold watch will rise. And the value is also as safe and long lasting as the timepiece itself. In the near term, the world market for Swiss made vintage gold watches is expanding rapidly and this will of course continue to have a significant positive effect on prices. And for the serious investor or collector, there are some special tax advantages associated with buying vintage watches. Specifically, HM Revenue & Customs (in the UK) regards these as “wasting assets” and does not charge Capital Gains Tax on the profits made when they are sold, provided they have not been used in the course of business. For the investor, this strange anomaly is something of a gift from the taxman. If money is retained in a bank account, the miserly interest earned is taxable. If a second property is purchased and then disposed of, again there will be tax to pay on the profit generated by the sale. But if the same funds are used to purchase a collection of vintage watches and then, in due course, these are sold at a profit, no Capital Gains Tax is owed to the Revenue. Of course we need to add the usual disclaimer not to treat this as ‘advice’ but purely some background information for you to check with your financial advisor or HM Revenue & Customs. This situation is not unique to vintage watches. Antique guns, classic cars and motorcycles, antique scientific instruments and some mechanical toys all qualify as wasting assets in the same way. But to repeat, do not treat this as financial advice, we advise you to ask your financial advisor about this. And perhaps you might ask why he/she hasn’t told you about this before!! We can’t help but add of course, obviously there is no potential commission for the advisor, if you buy a a vintage watch, small collection or perhaps grow to a large one over time!
A Vintage Gold Watch in everyday use
First we would like to say:- … That there are many analogies between owning a vintage watch and owning a vintage car. For example, a carefully chosen vintage car, properly maintained and well cared for, can be relied upon in everyday use, quite satisfactorily and with excellent reliability. However if we consider the vintage watch, even though superbly engineered and with all the benefits of legendary Swiss reliability, a vintage watch is after all a minimum of half century old piece of micro mechanical engineering and therefore one may not expect the ultimate performance and reliability of say a new watch. Typically an automatic vintage watch will need help with winding from time to time and the typical accuracy may vary by ±1 30 sec per day. Any more than this and we will repair it.
Also please try to remember that gold, especially 18ct, is a soft metal and by no means as hard wearing as a modern alloy, and so some extra care will be needed to avoid scratches and dents which will significantly lower the value of the watch. It is also very important that all vintage watches are kept away from water and dirt or dust. This is because it will not be be water-proof, no matter what the original specification and so water and dust must be avoided as it will definitely cause harm the to the movement.
For more background please see our FAQs.