It is an automatic watch, also known as a self-winding watch or simply an automatic where the natural motion of the wearer provides energy to wind the mainspring, making manual winding unnecessary if worn enough.

Well-maintained automatic watches can last for decades, even centuries, making those watch types a valuable inheritance or investment.

Automatic watches, especially those from reputable brands, tend to hold their value better than quartz watches, and can even appreciate in value, especially if they are limited editions or rare.