Qollateral also buys assets. Perhaps you have a luxury watch, luxury jewelry, designer's luxury handbag, diamonds & gemstones, numismatics & collectibles coins or precious metals, that no longer brings you joy. Let’s turn it into cash right now!
Should I buy an automatic or manual luxury watch? It’s a very common question, especially for those who are investing in their first luxury timepiece or who are considering purchasing a luxury watch as a financial investment. The short answer is that it really depends on what you want out of your watch. Let’s dive into the differences between automatic and manual luxury watches.
Manual Luxury Watches
Manual luxury watches need to be wound, usually daily, in order to tell time. They have a rich history, with their mechanics dating back to as early as the 1800s (some say even earlier, but there’s no concrete evidence). Some watch collectors are passionate about manual luxury watches for their charm and tradition. Here’s where manual luxury watches really shine:
Automatic Luxury Watches
Also referred to as self-winding watches, automatic luxury watches are powered by its wearer’s movement. Inside the watch is a rotor, a rotating metallic weight that serves to wind the watch with movement. This is why automatic watches need to be worn daily. If not worn daily, they lose their accuracy. For those who have a luxury watch collection or those who enjoy changing watches, automatic watches may not be as convenient, although it’s possible to get around this by storing it in a special watch winding storage box. Here are some of the top reasons to choose an automatic watch:
All things considered, neither type of watch is better, though there may be one that is better for you. We hope the points above help you decide whether you prefer a manual or an automatic luxury watch, but if you’re still feeling torn, we suggest checking out our The Ultimate Qollateral’s Guide to Luxury Watch Collecting. You might not feel strongly one way or the other about your watch’s movements, but perhaps some other factors can help you narrow down what you’re looking for.
If you’re already a watch owner and are looking to sell or borrow against your luxury watch, Qollateral can help. We provide same-day cash payments quickly, easily, and discreetly. Book an appointment to get an estimate at our offices in the International Gem Tower in NYC’s diamond district. It’s completely confidential, and there’s zero pressure. It never hurts to get an appraisal, even if you’re not currently planning on selling or borrowing against your watch. Keeping tabs on your watch value periodically can help you track trends and get the most value of your watch if you ever do decide to sell.
A collateral loan is the fastest, easiest way to secure funds. No credit checks, no financial statements, and no repayment schedules. Just bring us your asset, receive your instant payment, and come pick it up whenever you’re ready.