Posted: 6 June 2019
Category: Company News
Watch Valuations – Is It Time For An Update?
For many years men’s watches have been a popular area of collecting. Not only are they useable but for the right make or model a very sound and profitable investment. Prices have risen dramatically in recent years, no doubt helped by the fact that watches, like clocks, do not attract capital gains tax.
It is no longer just the great names of Patek Phillipe, Rolex, Jaeger Le Coultre and Omega that create a stir when offered for sale. Classic sports watches from the 1940s onwards which encapsulate the masculine attributes of style, status and engineering are all the rage. Bought originally as practical and strong “tools”, these macho watches, which have often seen a hard life, have enjoyed a dramatic escalation in values. Less known manufacturers like Doxa, Eberhard and Minerva are now sought after but it is still the classic Rolex that captures the headlines. Recently a “Big Red” Daytona chronograph from the 1980s, which was purchased in 1987 for £882, sold for £46,000, whilst a much earlier Rolex sports watch from the 1950s called an Explorer sold recently at £16,000.
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