Tim Mosso's "Watches Tonight" discusses the most overlooked new watches of 2021, used watches that you should buy, and Garrick Watches of Norfolk. Today's episode focuses on undiscovered or unrecognized value in new and used luxury watches. We focus on watches from Rolex, Tudor, Audemars Piguet, Patek Philippe and more. All of this, and Tim provides a buyer's guide to underrated watches that watch collectors should consider.

The Rolex Yacht-Master II was misunderstood from the moment it launched at Baselworld 2007. At 44mm, full gold, and immensely complicated, the Yacht Master 2 wasn't the kind of watch that finds easy acceptance among Rolex collectors. The caliber 4160 was a technical marvel, but price, size, and questionable color combinations led to a cool reception for the most complicated Rolex watch ever created.

And that's a shame, because the Yacht-Master II is a sweetheart of a watch. Unlike the mammoth 44mm Rolex Deepsea, the 44mm YM2 isn't particularly thick or hampered by bulk. In profile, the largest Yacht-Master shares the case design of its 37 and 40mm; Rolex's largest chronograph also shares many case contours with the classic Rolex Daytona. Oyster bracelets are ideal for daily use, and that's the case here.

Truthfully, the most controversial feature of the Yacht Master II isn't its size -- people learn to live with that -- but its complexity, dial design, and cost. Consider complexity first; many Rolex buyers can't figure out how to set the Yacht Master 2. But correct operation is only a YouTube search away, so watch collectors shouldn't be dissuaded by this challenge. Once mastered, the YMII's programmable countdown chronograph is useful far beyond the scope of its original regatta timing mission. Cooking, breaks between meetings, and intermissions are easier to handle with the Yacht Master II on one's wrist.

Price is another challenge for this Rolex. At $18,750, the stainless steel Yacht Master II remains far pricier than a standard steel Rolex Daytona, GMT Master II, or Submariner. But contrary to many other steel Rolex sports watches, there is no waitlist for the Yacht-Master II. Moreover, used steel Yacht-Master II are priced between $17,000 and $19,000, so aftermarket shopping is far more straightforward and accessible than with more famous Rolex watch models.

As far as style is concerned, the Yacht Master II likely will remain a controversial Rolex design. Although the case is a larger version of the 40mm Yacht Master, the dial is unique to the YM2. Relentlessly focused on its complication, the YM2 dial looks like no other Rolex. The 10-minute countdown scale and its retrograde hand dominate the dial, and especially prior to the 2017 redesign, the hands of the Yacht Master 2 were deliberately undersized in order to avoid blocking the chronograph.

Internally, the Yacht Master's caliber 4160 is a mechanical marvel. The automatic winding movement boasts a 70-hour power reserve, a COSC Swiss chronometer certification, and it is protected to 100-meters against water intrusion. Caliber 4160 and its successor, caliber 4161, incorporates a programmable mechanical memory. Whatever countdown time (from 1-10 minutes) the user sets will remain the indicated countdown time even after resetting the chronograph hand. Only the Ring Command bezel and crown set together can reset the memory. Although rarely mentioned the Rolex caliber 4161 is a flyback / fly-forward chronograph that will jump to the nearest whole minute if reset during operation.

In addition to the Rolex Yacht Master II, Tim discusses overlooked watches including the Tudor Heritage Advisor, the Jaeger LeCoultre Duometre, and the Patek Philippe 5235 regulator / annual calendar. For good measure, Tim cites the overlooked 2021 Glashutte Original Vintage Seventies Chronograph, the 2021 Audemars Piguet Royal Oak Offshore 43mm, and the 2021 Oris Big Crown Holstein Edition. A discussion of Norfolk-based Garrick watches also is included.

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