It’s easy for the novice collector with a limited budget to get discouraged by the skyrocketing prices of elite vintage watches these days. But even if a Rolex Daytona, Omega pre-Moon Speedmaster or Universal Geneve Tri-Compax is not doable on your budget, there are still plenty of watches out there that can give you that little bit of vintage élan on the wrist without having to skip your mortgage payment. I’ve talked about vintage Longines & Tudor in the past as great options for the budget minded collector. And now I’ll throw the Eterna-Matic KonTiki 20 into that equation, as well.

Eterna is an old name in the Swiss watchmaking industry with roots back to the mid-1800s. In 1948 they came up with an innovative system for their automatic movements by mounting the oscillating weighted rotor on 5 steel ball bearings for reduced friction and balanced efficiency of winding. This innovation was so significant that the 5 ball bearings became the company’s logo, proudly applied to their dials. And this patented system also meant that Eterna could now upgrade any suitable ebauche with their own proprietary autowind system. The company had already received a huge publicity boost in 1947 when the famed Norwegian explorer Thor Hyerdahl wore one of their watches during his remarkable 5000 mile open ocean raft adventure. Hence, the Eterna KonTiki model name was born and with it the characteristic raft logo medallion seated on the back of these models, a marketing tie-in well poised to take full advantage of the technical innovation under the hood.

Meant to signify any of their water resistant watches, the KonTiki line soon blossomed with big, military-ready dive watches in the Submariner/Seamaster mode. But in the late 1950s & 60s Eterna also produced a plethora of simple, modestly sized “civilian” KonTikis with all-steel screw down cases and oversized crowns featuring a water resistance of 130 feet. That was no mean achievement and put these new versatile dress models, dubbed the “KonTiki 20”, right up there in Rolex Datejust territory in terms of WR. Eterna chose exceptionally robust ETA movements to power these watches, essentially the same calibers as found in Tudor’s Subs and dress models of this era but again with Eterna’s own modified rotor assembly.

So what they wound up producing with the KonTiki 20 is a handsome steel watch with sporty but classic looks, a semi-quicket date function, decent size at 36-37mm, excellent timekeeping performance and superior day-to-day water resistance. And how much will all that cost you today? Considerably less than a thousand dollars. In fact, almost always well under $800. While you might pay a premium for a blue, black or more exotic dials with red chapter ring or one with its original bracelet, generally speaking an Eterna-Matic KonTiki 20 in good shape should only set you back between $400 and $600 give or take. And with their nicely proportioned, all-steel sweeping-lug cases, stout and accurate movements and pleasing dial layouts that is some serious bang for the buck.

So again we see that a vintage watch doesn’t have to break the bank to give you happiness. Just as there are different levels of automobiles for different strata of buyers, not everyone can own a Ferrari right out of the gate. Sometimes you just have to enjoy the simple pleasures that a VW Bug can give. Likewise, there’s no point in envying someone else’s high priced vintage watch if you can’t swing it. Just spend a couple of hundred bucks on something like a KonTiki 20 and enjoy it for what it is — a well made, imminently wearable timepiece with that certain retro feeling a modern watch just can’t inspire. The joy of vintage watches is that there’s something for everyone at any level of the game if you just do a little research into what is and is not worth spending your money on. Along with classic entry-level Omegas, Longines and Tudors, Eterna Matic KonTiki 20s make an excellent purchase for the beginning or budget-minded collector. And once you strap on a quality vintage watch you’ll feel like you’ve spent your money well no matter how much — or how little — you paid for it.