Watch Collection and Investment
Watch collection for daily uses and or somehow could be a side effect to gain some money for you. I had sold two watches recently and I get some profit, not much just to cover the inflation for 4 years. But I feel regret as I think I cannot buy that watch again with the same amount of money!
This is the love and hate of watch collection: It is hard to buy and even hard to sell.
Watch Can be an investment and somehow I learnt from guru that these are the condition and we should look at for an investment watch from Auction’
Christie’s head of watches Aurel Bacs gives his five rules for finding collectables, while three horological journalists pick the watches they think will be worth something in the future. He was appointed international co-head of Christie’s watch department in July 2003 and has overseen many high-profile auctions, including its spring auction in Geneva, where a Rolex surpassed the $1.1m mark for the first time ever at auction, and a rare Patek Philippe, sold for $3.6m.
However, in the past 30 to 40 years Bacs has noticed that there are certain parameters that are valid, and he has Five Elements that can be applied to a watch for both the short and long term to assess its collectability.
1. As with fine art, the maker’s name stands for something.
2. Second point is technical complexity and quality.
3. Something that is a handmade grande complication is important,” he says. “The human element in particular brings a level of quality and exclusivity to a piece.
4. The third component is rarity. As Bacs explains, the auction market is just a reflection of a market and works by the same principles of supply and demand.
5. The final element is provenance. Because the auction world is relatively close knit, people will know when an owner has shopped around a watch. “If it has been offered to 10 other people but not sold, it immediately makes a person wonder what is wrong with the piece,” says Bacs. “This will affect its perceived value.” When auctioning a watch, the Perception of Value is almost as important as the actual value.