Andrew Hildreth is a Liveryman of the Worshipful Company of Clockmakers and a watch consultant to Christie’s and Christie’s Education.
If you’re thinking about going “all in” with the horological asset world, he says, these are his top picks for high-value vintage watches.
The Rolex “Paul Newman” Daytona is one of the most famous and generally sought-after vintage Rolex watches, he says.
Meanwhile, the 6062 Triple Calendar Moonphase “is an undoubted shining star,” he adds — the watch reference for the last Emperor of Vietnam and adorned by US military generals.
“Of all the Calatrava models that Patek Philippe has ever produced, the reference 2526 is not only archetypal — it also has one with the rarest of dials.”
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One of the undeniable trends in the auction world in the last decade has been the rise in vintage watch prices. Looking at the overall market and depending on how you want to measure the price rise, vintage watches have, on average, risen in price somewhere between 10 and 20%.
The market for vintage watches has equally grown in volume. Across the four major auction houses — Christie’s, Sotheby’s, Phillips, and Bonhams — the vintage watch market is worth approximately $2 billion to $3 billion, with the value of some watches skyrocketing in recent years, Fortune reported in 2017. In the auction market alone, Christies has gone from sales of $8 million in 2004 to $130 million in 2014.
Vintage watch collecting is no longer a market for “anorak devotees” alone. What was once a closed world has become a growth industry. It’s now seen as an investment or something that’s “cool” and part of an overall dress sense. The popping up of blogs and websites such as Hodinkee, Mr. Porter, and The Rake/Revolution …read more
Source:: Business Insider