Hi. Couldn't resist posting on LYN. Let me introduce myself. I'm a horological geek myself. I used to collect new watches (Rolex, Patek Philippe etc.) but now, recently, I have been collecting vintage swiss watches.
My collection ranges from really expensive ones (Patek Philippe 5076A Aquanaut series) to cheap vintage ones (Longines, manual wound movement circa 1970's). the first thing that you really have to understand about watch collecting is that even the cheapest vintage Omega Seamaster (Seamaster 300, circa 1970's) with bumper automatic movement will set you back at least RM1,500 ringgit for a good condition one.
A few things that you must know before embarking on buying a vintage watch :
a) Always check the inside of the case. Look at the condition of the watch, pay special attention to the balancing staff and wheel. These will suffer the most wear and tear. Then, check the crown, as it is the next to go if the watch suffers years of manhandling. Use a loupe if possible. Check for engravings. Usually, most vintage omegas have the words "Omega Watch Co." engraved on the movement if it is original.
b) Next, check the dial. If the dial is water damaged, no point buying the watch. The Dial is the most difficult part of the watch to repair. It will set you back a couple of thousand ringgit to do redailling or touch ups on the dial.
c) Ask the seller when was the watch last serviced. A swiss watch should be serviced AT LEAST once every 3-5 years. Depending on the age. Servicing is not cheap. Especially if the watch is a vintage (eg. my 1961 Zenith). An overhaul (usually is the case for vintage movements) will set you back between RM650 - RM10,000 depending on the damage and the rarity of the spare parts. This is because all vintage watches are no longer in production and thus, spare parts must be individually produced (usually by using a customised mold) by the manufacturer itself (if it is a rolex, then send it back to RSC (Rolex Service Center)).
I will post pictures of a few watches in my watch collection soon.
Added on September 24, 2008, 4:55 pmAs promised, some pictures of watches in my collection.
First up, is a Rolex Datejust in SS with a silver dial and Oyster Bracelet. It belongs to the Y-series family.
This is the front view. Just serviced last month at RSC. Cost of service + Overhaul = RM2,500
This is the complete set. Plus box and papers.Next up, is my Zenith circa 1961. A very rare vintage watch with a vintage caliber 2532.
It's in silver (not SS) which is rarer. Take a closer look at the dial. No water damage. It's in pretty good shape for a 47 year old watch.Other watches in my collection are a
Patek Philippe 5076A Aquanaut (SS),
Tag Hueur Lady Link series (Automatic, Special Edition in SS),
Vintage Longines Lady Manual wound (10K gold filled),
Rolex Submariner with date (SS),
Vintage Lady
Girard-Perregaux (Manual wound movement)(White Gold),
Vintage Omega SeaMaster (Bumper Movement, Automatic) and a
Vintage Rolex OysterDate (Manual Wound)(SS).
Added on September 26, 2008, 4:24 pmQUOTE(technophile @ Sep 11 2008, 05:58 PM)
nobody like panerai here?
i'm eyeing for these..
http://www.bernardwatch.com/item/PAN63Panerai's are not really favoured by collectors as they do not make their own movement until recently. Before this year, they were using the ETA movements which were also fitted into other luxury watch brands like Tag Hueur's, Tudor's, 98% of the IWC's and pre-2007 Maurice LaCroix.
When a collector buys watches, we want watches which have :
a) Their own in-house movements (Patek Philippe, Zenith, Rolex, Longines (Pre 80's)) etc.
b) Quality finishing.
c) Not overpriced.
Panerai does NOT have its own in-house movement (the manufacturer just buys one off the shelf), looks really ugly (quite coarse and not refined), and is steeply overpriced.