The vintage and classic timepiece market is booming
Esquire this month carries a feature about how the vintage and classic time piece market is booming. The value of vintage watches continues to rise as people look for alternatives to modern, high-tech gadgets.
The price of the most collectable pre-owned wristwatches is rising by 5 per cent a year thanks to their classic appeal – telling the time without all the technology of internet-enabled devices and apps. In some areas the increases are up to 20 per cent. With no industry regulator, there are no official statistics on the size of the pre-owned market, but it is in the billions annually worldwide. Sotheby’s alone has annual watch sales of around £100m, up from around £20m–£30m five years ago.
Timepieces from top makers such as Rolex and Patek Philippe lead the market. Other makers whose watches are going up in value include Audemars Piguet, Breguet, Breitling, Cartier, TAG Heuer, Jaeger-LeCoultre, A. Lange & Söhne, Seiko, Tissot and Omega.
This is the sort of high value item we shoot in the commercial studio in Canterbury for private customers and auctioneers such as James Auctioneers. We’ve the facilities and experience to make the most of pre-owned watches, highlighting the distinctive features and unique qualities.
Read more: http://www.thisismoney.co.uk/money/investing/article-3578616/Want-real-smart-watch-invest-classic-old-fashioned-watches-gaining-timeless-appeal.html#ixzz48SfFvEWg
Ref: The vintage and classic timepiece market is booming