Swiss luxury watches and the watch auction boom
Live MintThis column, since it began in April this year, has always been from the point-of-view of a watch enthusiast, namely, me. But there’s comfort for collectors in buying from these brands because buyers and sellers will value their watches as a recognized currency,” Geoffrey Hess, a New York-based watch specialist told NYT. Vintage watches as collectibles has been a craze for at least five years now, and this is a market that’s driven mostly by watch enthusiasts. At the upper end of this curve, reflected in watch auctions from the likes of Sotheby’s, Christie’s, Antiquorum or Phillips Watches, is where the silly money is being spent, sometimes even for brand new watches. In May this year, a Patek Philippe World Timer ref.2523 from 1953 was sold for $7.8 million at the Phillips Geneva Watch Auction XIII.
History of this topic
Watches of Switzerland confident of sales boost amid recovery in luxury market
The Independent
Luxury watchmakers pivot to India amid slump in Chinese market
Live Mint
2024 will be a difficult year for the Swiss watch industry, says Rolex boss
Live Mint
A luxury Swiss watchmaker is hitting refresh
Live Mint
Watches of Switzerland buoyed by growing list of luxury buyers
The Independent
Why demand for luxury timepieces is starting to slow
Live Mint
Luxury watch trends to track in 2023
The Hindu
The Watch World Has Gone Mad (in a Good Way)
WiredJourney of the luxury watch
The Hindu
Luxury watch sells for a record $31 million
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