Identify/Valuation Bucherer Watch

[chadders74]

I've been a bit surprised at the valuation of a watch, from £500 14 years ago to £3,900 now.

I've updated my home insurance with the valuation but is it really worth that amount?

It's a Bucherer mens watch, 18ct gold, has "25 jewels" on the face, and is number 1583 on the back, also stamped "0.750" on the back.

[Charvet]

I doubt it.

[yeti]

Who valued it and why?

If the insurance is new for old, then I suppose a solid 18k gold dress watch has to be 3900 at least!

To replace like for like, you could pick that up for 1000 or so; it's very lovely.

[chadders74]

It's my late Father's watch, I knew it was a "gold watch" and he'd just kept it in a drawer for as long as I remember. Come house clearance time I remembered that I should probably pick that up.

There was a valuation certificate with it for £500 from 14 years ago. As a keep sake I thought I'd get it serviced via my local jewellers who I trust, and thought might as well get it re-valued for insurance purposes. As well as getting the silly "flex-style" bracelet it had (really silly, elasticated sort of thing that just grips the hairs on your wrist and pulls them out when taking off) replaced with something else.

Anyway, she came back with a Bucherer catalogue from 4 years ago and did a "must be worth" valuation - and of course being 8 times the other one I thought it odd.

Of course I like it, I would, and it's a keeper to pass down. I just wondered if I'm paying increased specified item insurance for no reason.

I've tried researching on the internet but it's mostly ladies watches or else steel watches, or more modern Carl F Bucherer ones so I have absolutely no idea. Maybe I should ask Bucherer directly?

I did find out very recently that my Grandmother actually bought it in Switzerland for his 21st birthday, and tried to smuggle through Customs but cracked when asked "anything to declare" bless her!

edit: I do appreciate the difference between insurance and auction/sale valuations, I'm not looking to sell it. In the same respect that I've had is petrol mower serviced so I can use it, and I get quiet time mowing whilst thinking about him.

Edited by chadders74 on Friday 6th June 21:23

Edited by chadders74 on Friday 6th June 21:24

[chadders74]

Charvet said:

I doubt it.

OK, but why? I want to be able to insure it for the correct amount come replacement - even though "replacement" wouldn't really cut it (sentimental wise).

[Charvet]

Well, do this. Go on Chrono24 and look for similar models. That gives you an idea how these watches are valued (roughly).

I did this for you:

http://www.chrono24.de/bucherer/Uhr--id2446423.htm...
Very comparable to yours.

http://www.chrono24.de/bucherer/chronometre--id216...
This one is even a Chronometer.

Hope that helped a bit.

Edited by Charvet on Saturday 7th June 17:18

[Charvet]

Oh, and ask your local jeweller whether they would buy it for the price they have valued it. That will be fun!

[chadders74]

Brilliant thanks for the link!

I understand a jeweller wouldn't offer the same as an insurance valuation. I thought I was comparing eggs with eggs, with 2 insurance valuations 14 years apart.*

It's a tricky one, if it's stolen then do I care about the replacement, I think Yeti's comment re: "new for old" or "like for like" is what I need to think about. Once it's gone, it's just about do I have a nice watch for special occasions in which case why pay all the increased premiums when I think I'd prefer an older similar watch seeing as all the sentimental value has gone.

Thanks for the help.

edit: *that's the point I was trying to make, it seems odd that it would go up so much, my gut was telling me it's not worth that much.

Edited by chadders74 on Monday 9th June 10:49

[sparkyhx]

nice clean watch - keep it and enjoy