A watch can be appraised and valued, enabling the owner to provide proof of its value to their insurer in the event of theft or damage.
Please find below a guide on how to estimate the value of a watch.
Firstly, it is imperative to ascertain the authenticity of the item. There are a number of issues with counterfeit watches in circulation, including parts that are not genuine.
Furthermore, several factors are considered during the calculation process. This includes the history of the brand or the watch itself, technical specifications, and the desirability of the watchmaker or the model. The value of a watch is subject to various influences.
- => The item’s intrinsic value may or may not correspond to its retail price,
- => If the watch is an antique, its historical value should be taken into account,
- => The rarity of the model is also considered, with regard to its age and the number of pieces produced in limited editions by some watchmakers.
- => Market rates,
- => Etc.
A review is being conducted of the estimation factors.
It is imperative that all ‘value’ factors are given due consideration and weighted accordingly. Our meticulous approach and extensive expertise in the realm of watchmaking ensure a precise valuation. Engaging a certified expert will lend greater credibility to the valuation.
Please ensure that you claim the cost from your insurance company.
When passing on an heirloom, a watch collection, a rare piece or a particularly cherished item, the process of authentication and valuation is important. The expert’s report is therefore an essential reference document that will help to ensure the continued protection of your rights.
Our dedicated service will guide you through the insurance valuation process to ensure your watch collection is valued as accurately and favourably as possible.
