09 May '16, 5pm

The Vintage Watch Boom

The Vintage Watch Boom

GENEVA, Switzerland — These are painful times for Swiss watches. According to the Federation of the Swiss Watch Industry, year-on-year exports were down 16.1 percent in March, worrying figures that continue a downward trend. But while the market for new watches takes a hit, the vintage watch market is booming. After a series of record sales in 2015, expectations are high for this year’s vintage watch auctions. On Saturday, Sotheby’s and Phillips hold auctions in Geneva, while Christie’s first big sale takes place in the Swiss city on Monday. There are some big lots on the way. Christie’s has a 1928 Patek Philippe Ref 530 chronograph with a low estimate of CHF500,000 (around $515,384), while Sotheby’s has a Patek curio of its own — a steel watch with a black dial and pink gold hands and numerals slated to fetch CHF20,000-40,000 (between $20,615 and $41,230). “We expect it t...

Full article: http://www.businessoffashion.com/articles/intelligence/vi...

Tweets

ROLEX (NOT THE WATCH)

ROLEX (NOT THE WATCH)

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