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Where to buy a watch? With today’s mobile technology no one needs a

watch to determine the time. A watch is a piece of artistry, a nod toward

craftsmanship and luxury. Luxury is not about being ostentatious but

rather the opposite of crudeness, a vehicle to tell the world something

about you. Now we are talking about automatics, and manual watches,

with or without complications, new or vintage. Today most watches

are purchased from authorized retailers, auctions, or on the secondary

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Starting Your Collection

WebsiTe fAcebook boNhAms.com soThebys.com chrisTies.com

Authorized retAilers AuCtioNs seCoNdArY MArKet view video

BREGUET BOUTIQUES – NEW YORK FIFTH AVENUE 646-692-6469 – NEW YORK MADISON AVENUE 212-288-4014 – BEVERLY HILLS 310-860-9911 – BAL HARBOUR 305-866-1061 – LAS VEGAS 702-733-7435

Invention of the Breguet balance spring, 1795Breguet, the innovator.

The Tradition collection by Breguet

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Starting Your Collection documenting Your Collection Caring For Your Collection valuing Your Collection insuring Your Collection Jewelers unBloCKed

A well-documented inventory ensures that collectors are sufficiently prepared, in terms of insurance coverage, to deal

with a potential loss. A detailed list of all pieces destroyed, damaged, or stolen is required to file an insurance claim.

Proper documentation ensures a faster and smoother claims process, as well as maximizing the insurance reimbursement.

Documented proof of ownership is required to receive a settlement covering the full extent of the loss - the burden of

proof rests with the collector.

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Documenting Your Collection

starting Your Collection Documenting Your Collection Caring For Your Collection valuing Your Collection insuring Your Collection Jewelers unBloCKed

ApprAisAl photos / videos doCuMeNt storAge





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your collection deserves your care and attention both in day-to-day use

as well as how you store, clean and have each fine timepiece serviced.

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Caring for Your Collection

starting Your Collection documenting Your Collection Caring For Your Collection valuing Your Collection insuring Your Collection Jewelers unBloCKed

CoNditioNs to Avoid CleANiNg ANd CAre wAtCh BANds ANd ClAsps

periodiC serviCe storAge






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research the market for the type of watch you would like to value.

Determine the watch’s brand, its condition and period. The more de-

tails you know about your watch, the easier it will be to figure out the

watch’s value. Use a jewelry or a watch price guide to learn about the

market for your watch and about the price ranges.

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Valuing Your Collection

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oNliNe

VieW the 11 Most expensive Watches Auctioned

BooKs stores

AprAisers AuCtioNs






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most homeowners and business insurance policies cover jewelry losses

at a reduced limit – typically a maximum figure between $1,000 and

$2,500 (depending upon the insurance company). This would include

any pieces that consist of precious metals (gold, silver, platinum) and

precious stones (diamonds, colored gemstones). Therefore the cost

of replacing or repairing high value jewelry could be a considerable

amount of money if adequate insurance coverage is not in place. Dif-

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insuring Your Collection

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vAluABle ArtiCles CoverAge vAluAtioN Methods view videos






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This exclusive program addresses the unique exposures of the jewelry industry and is only available through Jewelers

unbLocked™. The program is specifically authorized by a New Jersey based, A.m. best rated A++, XV carrier that is well

respected for their claims expertise and service. Jewelers unbLocked™ expertise will facilitate unique industry specific

underwriting on a national exclusive basis as a managing General Underwriter (mGU).

what makes Jewelers unBloCKed™ different from others in the marketplace? Jewelers unbLocked™ not only provides

renowned chubb client services but support resources such as access to security experts, store protection practices, and

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Frequently Asked Questions

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iNdividuAl vs. BusiNess CoverAge CAse studies-Are You Covered?






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Name

Address

Telephone

email

watch Collection information Total insured watches

Total estimated value

collection in bank Vault

Loss in last three years

Policy Type (blanket or itemized)

We want to hear from you

suBMit

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risk can become very real at any time, making the proper insurance obtained through a qualified specialist an absolute necessity. Protecting your jewelry and watches is an essential part in caring for your collection.

Jewelers unBloCKed™ and robb report – the Perfect MatchAs robb report caters to the connoisseur seeking the very best that life has to offer, and remains the essential luxury resource, it was inevitable that Jewelers unbLocked™, and robb report teamed together, creating an exclusive insur-ance resource for the luxury connoisseur, specifically, the watch collector. About Jewelers unBloCKed™ Jewelers unbLocked™ is an exclusive insurance solution offered through ceD 1976, LLc and the chubb Group of insurance companies. Jewelers unbLocked™ offers industry-leading coverage, trusted experience, unparalleled service and solid financial strength, with a very specific goal - to bring a wealth of knowl-edge, experience and helpful resources to create the best insurance program that fits your individual needs.

for more information on Jewelers unbLocked™, please visit www.jewelers-unblocked.com/robbreport

Authorized retailers provide a warranty and have man-ufacturer-authorized repair personnel. They are quality jewelers with a brand relationship. This is a very good way to be sure of exactly what you are buying. you do not have the risk of purchasing a “fake.”

Authorized Retailers

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Auctions cater best to the aficionado. often, a watch is desired by the collector that is rare, and sometimes vintage. Quality auction houses will provide the collector with an opportunity to acquire, for example, a vintage Patek at today’s market price that may not be available elsewhere.

Auctions

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The secondary market often offers advantageous pricing but also beware. in many ways watches are like art in that you need to know what you are buying. There are excellent secondary outlets, for example a quality jeweler selling a watch that his customer traded in. most vintage watches are sold on the secondary market. The key is to know the seller. A quality jeweler selling a vintage watch is very common. often this will allow you to purchase an authentic timepiece at a highly discounted price.

Secondary Market

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obtain an appraisal from a qualified horologist documenting the characteristics of each piece and its value. The appraisal should include manufacturer, purchase date, cost, model, and serial number.

Appraisal

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Photos and Videos

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Take photographs of each piece from various angles, being sure to include markings / serial numbers. Video of each piece is also helpful.

store all inventory documentation in a safe location outside of your home (i.e. a bank safety deposit box).

Document Storage

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Magnetic fields: avoid placing your watch on electronic units, which can generate powerful magnetic fields.

Chemical products: avoid direct contact with solvents, detergents, perfumes, cosmetic products etc., since they may damage the bracelet, the case or the gaskets.

temperatures: avoid extreme temperatures above 60°c or 140°f below 0°c or 32°f or extreme temperature changes.

salt water and the dive watch: Just like it is a good idea to rinse the body off after swimming in the ocean, the dive watch should be rinsed after use as well. even though it is made from stainless steel, it is still a good idea to wash off the salt water.

Conditions to Avoid

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Use a soft Watch cloth to Wipe off the dust, fingerprints, etc.: employ a soft cloth to keep watches clean and dust free. for tarnish or brightening up gold watches, use a Jeweler’s polishing cloth to restore the original luster.

Cleaning and Care

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invest in deployment Clasps for Your watch straps or Bands: A watch strap will last 4-5 times longer using a deployment clasp to take it on and off. Use of a standard buckle requires pulling back on the strap to put it on and off. This daily pulling wears (creases) the strap around the buckle. A deployment clasp avoids this and it is easier to use and safer (less likely to accidentally slip and drop the watch while putting it on). A deployment clasp works much the same way as a bracelet.

preserve watch straps in hot, sticky weather: Watch straps can get sweat marks on the inside and this can quickly degrade a strap with a soft leather lining. Use a water resistant strap, or one made out of synthetics, in warm weather. There are also products to treat leather (i.e. refined beeswax) to keep straps in good condition.

invest in a link pin remover, or spring Bar tool, to Change straps or size a watch Bracelet: A deluxe Link Pin remover can save a trip to a Jeweler and pay for itself in one or two uses. They are easy to use, and they will not scratch the watch. To easily switch out leather straps, invest in a spring bar remover tool. They are available for little money, and they make quick work of changing your straps.

Watch Bands and Clasps

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expert attention: Take your men’s watches and ladies watches to a watch expert every three to four years. A professional can fine-tune mechanical and automatic movements and change quartz batteries. Watches can be sensitive instruments, and having the routine main-tenance performed on a schedule will ensure that your luxury designer watches continue to keep time accurately.

have Mechanical watches Cleaned and oiled on a regular Basis: The standard recommendation for having mechanical watches oiled and cleaned is about every 4 to 5 years. keeping a watch serviced will help to keep it running smoothly and in tiptop shape.

Periodic Service

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Crown down: Place the watch crown side down on a nightstand or dresser, making it less likely to scratch the side of the watch since only the crown makes contact with the surface.

store the watch Collection in a watch Box: rather than keeping a watch collection loosely arranged in a dresser drawer, invest in a good watch box that keeps watches nicely displayed and safe from scratches. Large or extra large dial watches should be stored on the end slots, or skip a slot in between, to keep the crown from contacting another watch in the box.

rotate watches and/or invest in a good watch winder: With automatic (self-winding) and manual (hand wound) watches it is important to keep them running by rotating watch use. if a watch sits unworn, for a long period of time, the lubricant can clump up or pool and doesn’t get evenly distributed. A watch winder can help keep automatic watches in good condition. for manual watches, wind them frequently to keep them running at their best.

Storage

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the henry graves Jr. “grande Complication,” an 18-carat watch from 1926, sold for $1.98 million at Christie’s in November 2005.

#11

A 1944 stainless steel, water-resistant perpetual calendar patek philippe wristwatch sold for $2.26 million to a private swiss museum at Christie’s in November 2007.

#10

this patek philippe pink gold, perpetual calendar chronograph wristwatch sold for $2.28 million at Christie’s in May 2007.

#9

A patek philippe 18-carat pink gold wristwatch with a blue enamel dial from 1953 sold for $2.704 million at Christie’s in November 2010.

#8

this 1942 patek philippe calendar wristwatch, which shows the moon phases, sold for $2.77 million at Christie’s in November 2009.

#7

this 1954 patek philippe platinum perpetual calendar wristwatch, with sweep centre seconds and a moon phase dial, sold for $3.1 million at Christie’s in May 2008.

#6

this 1928 patek philippe 18-carat, white gold, cushion-shaped, single button chronograph wristwatch sold for $3.6 million at Christie’s in May 2011.

#5

this 1949 patek philippe stainless steel perpetual calendar wristwatch with Arabic numerals sold for $4.1 million at Christie’s in May 2008.

#4

the Yellow gold Calibre 89, a set of 4 pocket watches made by patek philippe in 1989, sold for just over $5 million at Antiquorum in geneva in 2009.

#3

this patek philippe 18-carat gold perpetual calendar chronograph wristwatch with moon phases and a tonneau-shaped case sold for $5.7 million at Christie’s in May 2010.

#2

the henry graves “supercomplication,” also by patek philippe, sold for $11 million at sotheby’s in december 1999.

#1

search online for watch price guides. There are various sites that provide watch prices and appraisal information. by using some of these sites you can learn how watch brands compare to each other and how much you can expect to pay or receive for particular watch brands. you can find price guides for: new watches, used watches and vintage watches.

Visit ebay to find out value ranges for your watch. Go to the ebay antique or collectible page and find watches that have sold in the completed auctions. Using the completed auctions you may see the prices paid for your type of watch and their conditions. you must register with ebay in order to use this feature.

Online

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several guidebooks are available that list the prices of collectible watches. check to see if you can find your watch. Look at your local library or in bookstores for guides such as the “complete Price Guide to Watches No. 30” by cooksey shugart, richard e. Gilbert and Tom engle; “miller’s Wristwatches: how to compare & Value” by Jonathan scatchard; and “Warman’s Watches field Guide: Values and identification” by Dean Judy.

Books

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Look at prices in antiques, collectibles and jewelry stores. Visit local stores that carry a wide selection of watches in order to see how different styles are priced. in addition, go online to peruse the selection of internet dealers.

Stores

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Use a professional jewelry or watch appraiser from a reputable antique or watch store. for a fee, a professional will provide you with a value for your watch and will issue an appraisal certificate. contact the American society of Appraisers or the international society of Appraisers to find a certified expert in this field.

Appraisers

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Look up auction houses, such as christie’s and sotheby’s. find completed auctions for your watch and check the price ranges paid. These houses will provide a catalogue for a fee.

Auctions

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Valuable Articles coverage (VAc) provides the individual collector with the ability to cover their watch collection by “scheduling” pieces (individually listing and describing each watch). Jewelers block coverage provides a business (i.e. watch dealer) with insurance to cover stock held for sale. in each case the policy-holder may elect to cover their entire collection or stock, or selected individual pieces – providing flexibility and allowing for differing risk tolerances of the insurance buyer.

Valuable Articles Coverage

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replacement Cost. This valuation provision provides for replacing the old damaged property with new replacement property at today’s replacement cost, without any deduction for depreciation. in order to determine this cost, the claims adjuster will review the appraisal on file for the watch that is the subject of the loss, and replacement will be of like kind and quality.

Actual Cash value (ACv). This provision is determined by subtracting depreciation from the property’s replacement value. The valuator determines what it would cost to replace the watch and then applies a depreciation factor based upon the age of the piece.

specified value. Also referred to as Agreed Amount, this valuation clause stipulates that the limit agreed to (at the time of policy issuance) by both the insurance company and the policy holder with regard to a specific watch is the maximum that will be paid for that piece in the event of a loss. Generally the appraised value is used, but it could be set at the appraised value plus some percentage, if the piece is one that will appreciate in value over time.

Valuation Methods

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Valuable Articles coverage (VAc) provides the individual collector with the ability to cover their watch collection by “scheduling” pieces (individu-ally listing and describing each watch). Jewelers block coverage provides a business (i.e. watch dealer) with insurance to cover stock held for sale. in each case the policyholder may elect to cover their entire collection or stock, or selected individual pieces – providing flexibility and allowing for differing risk tolerances of the insurance buyer.

Jewelers Block CoverageJewelers block coverage provides a business entity (i.e. a watch dealer) with insurance providing coverage on stock held for sale. in each case the policy holder may elect to cover their entire collection or stock, or selected individual pieces – providing flexibility and allowing for differing risk tolerances of the insurance buyer.

Valuable Articles Coverage

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# 1. traveling overseas - Are you covered?

CAse studies-Are You Covered?

Collector: The watch collection should be properly insured on Valuable Articles coverage (VAc). if the VAc schedules (lists) each watch that is in the collection, there is coverage worldwide for each piece that is scheduled. if the VAc is on a blanket limit basis, the limit should cover all watches in the collection, but it is subject to a maximum of $50,000 per item. A blanket limit basis VAc does provide coverage worldwide.

retailer: The watch collection should be properly insured as a Transit Line on a Jewelers block policy (Jb). The collection is covered for the dollar limit written for the Transit Line world-wide, except for countries to which trade sanctions apply.

#2: traveling in the us and abroad and utilizing hotel safes - Are you covered?


Collector: The watch collection should be properly insured on Valuable Articles coverage (VAc). both types of forms, scheduled and blanket limit, provide coverage for watches worldwide while in a hotel safe. if the VAc is on a blanket limit basis, the limit should cover all watches in the collection, with a maximum of $50,000 per item.

retailer: The watch collection should be properly insured as a Transit Line on a Jewelers block policy (Jb). The collection is covered worldwide while in a hotel safe in or around the main desk area. There is no coverage if the Transit Line is locked in a hotel room safe.

#3: Cruise ships – Are you covered?


Collector: The watch collection should be properly insured on Valuable Articles coverage (VAc). both types of forms, scheduled and blanket limit, provide coverage for watches worldwide, and there is no exclusion of coverage for cruise ships. if the VAc is on a blanket limit basis, the limit should cover all watches in the collection, with a maximum of $50,000 per item.

retailer: The watch collection should be properly insured as a Transit Line on a Jewelers block policy (Jb). The collection is covered worldwide while on a cruise ship if kept in the safe in or around the main ship desk area. There is no coverage if the Transit Line is locked in a cruise ship room safe.

#4: watch stolen from hotel room - Are you covered?


Collector: The watch collection should be properly insured on Valuable Articles coverage (VAc). both types of forms, scheduled and blanket limit, provide coverage for watches worldwide and there is no exclusion of coverage for hotel rooms. if the VAc is on a blanket limit basis, the limit should cover all watches in the collection, with a maximum of $50,000 per item.

retailer: The watch collection should be properly insured as a Transit Line on a Jewelers block policy (Jb). The collection is covered worldwide and in a hotel room as long as it is “attended” (a person is present). if the Transit Line is stolen from an unattended hotel room, there is no coverage.

#5: Coverage at home?


Collector: The watch collection should be properly insured on Valuable Articles coverage (VAc). both types of forms, scheduled and blanket limit, provide coverage for watches while in the owner’s home. if the VAc is on a blanket limit basis, the limit should cover all watches in the collection, with a maximum of $50,000 per item.

retailer: The watch collection should be properly insured as a Transit Line on a Jewelers block policy (Jb). The collection is covered while at a home as long as one of the following condi-tions are met: 1) a person is physically in the home; 2) if the Transit Line is kept in a safe, it is covered regardless of whether or not a person is physically in the home; 3) if the home has an alarm system, the Transit Line is covered regardless of whether or not a person is physically in the home.

#6: Coverage in the office?


Collector: The watch collection should be properly insured on Valuable Articles coverage (VAc). both types of forms, scheduled and blanket limit, provide coverage for watches while in an office. if the VAc is on a blanket limit basis, the limit should cover all watches in the collection, with a maximum of $50,000 per item.

retailer: The watch collection is covered while at an office. if the office is not the brand’s office, the collection should be properly insured as a Transit Line on a Jewelers block policy (Jb). if the office is part of the brand’s premises, the Premises Limit on the Jb would provide coverage.

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