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Nearly all the value in a vintage watch lies in its provenance. The box, the papers, service history, and correct serial numbers will add greatly to its worth. But buy a watch on eBay and you are positively begging to be ripped off. Nothing is ever quite what it seems in cyberspace.

And among the wares from honest and scrupulous eBay dealers lurk thousands of watches whose sellers -- either knowingly or not -- are offering you a bastard, a Frankenwatch, with parts shunted together over the years by fixers just to keep them going (honest) or to deliberately drop in an incorrect movement (dishonest).

Look for big brand names or iconic models and you might as well be throwing your money away. There are far safer avenues through which to find your dream Submariner or your Monaco.

That said, if you're seeking something very specific and you do your research, you can find new-to-market collectibles at good prices. As with most things on eBay, the less known a model or brand is, the more likely you will score something interesting. Alternatively, if you approach eBay with an open mind and an eye for the esoteric and you set realistic expectations and sensible price limits, you can also find great conversation pieces.
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