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Let's start by defining our terms. "Box and papers" is a pretty self-explanatory phrase, and it means the watch comes with its original box and associated paperwork. This includes all of the manufacturer leaflets, documents, and slips that came with the watch directly from the factory.
The answer, as always, is "it depends". What does 'box and papers' tend to mean in the context of a premium watch offered for sale?
1. The Watch Has Been Well Looked After
If an owner has gone to the effort of keeping the original box and papers in good condition, that means they are likely to have gone to the effort of keeping the watch in good condition too. When it comes automatic movements, as found in premium Omega, Tag Heuer, and Breitling watches, servicing and maintenance are very important. In some cases, the box and papers may include a service record, which should be filled in appropriately.
2. The Watch Has The Right Provenance
Provenance matters when it comes to premium and collector watches. This is particularly true, for example, for Rolex watches. A watch that has its box and papers is always going to be more collectable and desirable than a watch that doesn't have them, especially for collectable or discontinued models. It can also go a long way to helping prove the watch is genuine, as in the case of often-copied brands like Rolex, providing they're checked for authenticity.
3. Preserving Manufacturer Warranty
If the watch is reasonably new, it may still fall under the manufacturer warranty. For this to take effect, however, you would need to have proof of the watch's original purchase, and that would mean the sales receipt and the warranty card. This will have the date the warranty runs out on, as well as information on whether the warranty moves with a new owner. Hopefully, you'll never need it, but it can help add that extra little peace of mind.
4. Making Selling The Watch On Easier
This is a consideration for watch collectors primarily, but a watch bought with a box and papers should be easier to sell later on. It's always wise to have an eye on resale whenever you're investing in a premium timepiece. This applies whether it's Rolex, Omega, Tag Heuer watches, or any other brand. If you decide to move the watch on, you will be able to get a higher price for it if you bought it with the original box and papers intact.
Yes, of course. You will have to accept, however, that you will not get the same price for it as a similar watch that has everything intact. Similarly, you might find it difficult to find a buyer, especially if the lower value of the watch is still considered expensive to most buyers.
There's nothing wrong with buying a watch that doesn't have a box and papers, as long as you go into the deal with your eyes open. If you're looking for a premium watch that's a little more affordable, or you're not bothered about resale prices, you can find a better deal without the box and papers. If you intend to get the best possible price for the watch when you come to sell it, however, it's always worth seeking out an example with a box and papers.