The Watch Market is Alive and Kicking

in News | Wednesday, March 18. 2009

If proof was needed that the watch market is still alive and kicking, this months Antiquorum auction should leave no doubt. One particularly amazing sale was that of the Mahatma Gandhi timepiece - That with his sandals, bowl and glasses sold for an unprecedented 2.1 million dollars. The auction had an impressive turn out, with over 500 online bidders as well as room and telephone bidders - The result was 75% of all lots sold at an average of 142% of their low estimate. I find this to be further proof of the inevitable turn around of the economy, and it is a shining example of the smart investments a timepiece collector can make.

One only needs to look at the Antiquorum catalog to see which brands have withstood the test of time. Both vintage and current models from such brands as Patek Philippe, Rolex and Jaeger-LeCoultre have impressive value estimates that are sure to increase as the market rises. And while its not all good news for the watch world as some market values continue to slowly decline, it is a strong argument that collectors and investors need not fret - It is a matter of patience and timing, and frankly the time is now. As I mentioned in my previous article, this is a great time to invest in luxury timepieces. Please give us a call if you would like to find out more about starting or adding to your luxury watch collection.


The Finest Watches Team
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