International Auctions Watches:
The point of the situation
As you have noticed, the prices of wrist watches are in a hectic evolution and even those with decades of experience can not understand how the market will evolve. The trend would seem to be the upswing: the latest “barrels” to auction sales have shaken the wrists of people who believed to be potential watchmaker customers and found themselves having to settle for crumbs.
Yes, because if a collector who prefers to spend a more than expensive figure could almost be sure to buy the clock of his dreams, today, after the latest award results, he has to review his investment at least twice or give up .
The attention of a new collector group, evidently very rich, has been centered on Patek and Rolex models. With complications or features that make them unique or very rare. These people are convinced that the prices of these watches will rise again, and when the rarity of certain pieces is clear, their investment will be rewarded with far higher quotes than the current ones.
The economy has always moved with these rules. More demand equals rising prices. But the global stock market trend has been reflecting and not least in recent months. In 1989, Patek Philippe’s prices reached the highest prices since the wrist watch collection was born. Two years later, following a global recession, these prices fell to half. Today we are at a time when a tear has come forward as if they were not seen for years, unexpected (perhaps) and who caught us by surprise.
Market analysis, however, can not conceal an inner joy in seeing watches, these our beautiful watches, compete with the quotations of objects that have always been considered art masterpieces. Nowadays, no one is allowed to deal with a watch collector enough, indeed, the art markets look closely at the wrist of their potential customer: they know that behind a certain kind of watch there is definitely a wealth situation.
Circles voices, the most fanciful, about potential buyers who have paid a few billion old lire to the sales of Antiquorum, Sotheby’s and CRHISTIE’S; some want Arabs, other Asians, and other Americans.
In conclusion, a situation such as those of recent times could dislodge, but you have to be ready for opportunities that inevitably come up with an eye to the sober rules of a good collector who has always bought rare and precious pieces and not “fashionable” and works only with trusted people and has been on the market for years.
Elvio Piva