Wednesday, June 25, 2008

Watches to Watch

Another day, another major watch auction. This time it was Antiquorum's New York summer sale of Important Collectors' Wristwatches, Pocket Watches and Clocks held just this past June 18. Readers of this site may find it interesting that the sale had a record 484 internet bidders from around the world--more proof that buying expensive items online is now the way of the world. 

The top sale once again went to Patek Philippe with its pink gold minute repeater (pictured) featuring perpetual calendar, moon phases, retrograde date and leap year display) for $640,800. Other brands that did well were F.P. Journe, whose platinum Tourbillion Souverain a Remontoir d'Egalite avec Seconde Morte sold for $101,900, and a sketonized perpetual calendar from Vacheron Constantin that fetched $66,000. 

As a watch buyer, it's always good to keep your eye on what sells well at auction, so you have an idea of the return on your investment. 

Image via Antiquorum