Vintage Caravelle runs fast

Many questions are posted about watches that don't run or just run for a few seconds or minutes. If it's a quartz/digital watch you need to have the battery replaced. If it's a mechanical watch - even a high end "perpetual" watch like a Rolex, you'll need to manually wind it. Self-winding, or automatic, watches have a rotor in the case that spins as your arm/wrist moves throughout the day. The motion of the rotor winds the watch. When the watch is left unworn for a day or you spend your day just reading a book or otherwise remain inactive, the watch runs down. To restart it and provide a power reserve, simply wind the watch manually by turning the crown clockwise about 40 turns. It should run fine as long as you stay active. If you don't wear the watch everyday and don't want to have to wind and reset it every time you put it on, you can buy a watch winder to keep it moving. You can find them for under $100 on ebay for basic models and for more money you will see ones that wind multiple watches and have nice decorative cases.