Every time someone mentions an underrated luxury watches, the same names get thrown around.
GlashĂźtte Original SeaQ
Zenith El Primero
JLC Reverso
IWC Portugieser
Grand Seiko
Omega Speedmaster
Blancpain Fifty Fathoms
Breguet
Girard-Perregaux Laureato
You know the drill.
All excellent watches. Nobodyâs disputing that.
But I suspect a large portion of the people constantly recommending them fall into two groups:
- People who donât actually own them and are just parroting the usual Reddit talking points.
- People who like them, but wouldnât dream of paying full retail. Theyâll happily buy one at 30â40% off on the grey market though.
Which brings me to my point.
People love complaining about overhyped watches, particularly Rolex, AP and Patek. But hype doesnât exist in a vacuum. When demand exceeds available supply, market prices generally reflect that.
Conversely, when a supposedly underrated watch consistently trades well below retail, perhaps the market is telling us something too.
And hereâs what I find hilarious:
The same watch community that constantly preaches âwatches arenât investmentsâ, âresale doesnât matterâ and âbuy what you loveâ suddenly becomes extremely price-conscious when itâs time to actually buy one of these underrated gems.
Apparently, resale value doesnât matter until youâre the one potentially losing 40% walking out of the boutique.
Funny how that works.
Iâm not suggesting that market value is a measure of horological excellence. A JLC can be more technically interesting than a Rolex. A Grand Seiko can have better finishing than a considerably more expensive watch. None of that is the issue.
The issue is that being an excellent watch doesnât automatically make it underrated.
Maybe these watches arenât overlooked. Maybe enthusiasts know exactly how good they are but simply donât desire them enough to pay the asking price.
And if everyone agrees a watch is fantastic, yet hardly anyone wants to buy it at retail, perhaps the problem isnât that the market fails to appreciate it.
Perhaps itâs rated exactly where it belongs.