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Watches are symbols of extravagance, personal taste and wealth, and online investors can track and understand a lot more about such assets at the online shops, where the auction of vintage watches is held frequently.
Auction houses such as Sotheby raised over $9 million from such items in Hong Kong last year, while it sold Paul Newman’s Rolex Daytona for $15.5 million in 2017.
Some of the quality vintage watches can be bought for a few thousand dollars as per the head of Christie watch international, and one of the highest growths in price can be seen in the market, in the range below $10,000.
Earlier such watches were available only at shops. Still, now, one can get these at websites such as Hodinkee and WatchBox, which sells watches, and provides proper documents and transparency in the deals to ensure the buyers identify the credibility of such online platforms.
A Rolex Submariner can be found in both vintage and the new collection, where the price of such brands can be in the range of $9,000 to $13,000.
Rolex watch price range can start from $6,000 to $300,000, as the range of Mercedes between the C Class Sedan and AMG Cabriolet. Investment in such products can grow in specific conditions, where a watch bought for less than $200 in the 1970s can be sold for over $200,000.
One such piece was bought by Ms Schnipper, who had a Rolex Daytona with a tropical dial, and it went for over $950,000, while, a regular model can go for $150,000.
In December 2018, Bob’s watches, which is one of the largest vintage online Rolex exchanges, started the true value offer where it holds a 12-day auction, and some of the most sought after brands can be bought during this time by collectors.
There are some popular brands from the 1960s which can provide interesting and unusual designs. The Cartier Crash is one of the models inspired by Baignoire that survived the car crash, and its value can be approximately more than $150,000.
Tiffany created a set of collectables where its rare signature pieces can get over $200,000 at auctions. The Pre Professional Models from Omega that belong to the 1950s – 1960s, which accompanied Neil Armstrong and Buzz Aldrin on their journey to the moon, are rare collectables that can be bought for over $20,000 at auctions.
The Omega Speedometer is mostly known as a sport or racing product, which is reasonably priced and can reinstate value. The Heuer Autavia started the dashboard timer in 1933, and it was given a makeover in 1962. Initially, it was designed for aviation and automobile events. It can proceed in the range of $2000 to $2500.
There are plenty for brands to consider in this section where the experts agree that some key factors can determine if the investment is sound or not, like the status, the prestige of the brand and its inherent value, which should be distinguished. Rarity, condition and mechanical features should also be supported.
To find out more about watch investment, check 99 Alternatives at (http://www.99alternatives.com).
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