Many people around the world choose to become collectors of different items. Some individuals like to collect things of no value, some individuals like to collect things of high value. There are some who like new collection items and some who prefer something vintage and antique. It is thought of, more of than not, that a multitude of individuals like to collect watches. These are not just any type of watches, these are luxury watches that are timeless, expensive and go on to be worth a lot of money.
When it comes to collecting luxury watches there are advantages and disadvantages, benefits and discrepancies. It is often used as a showcase for wealth whether new or old. Collecting antique watches has proven to be quite lucrative and profitable over the years.
If you are a fellow high-end watch collector, you may have heard of Gordon Bethune. Bethune is one of most well-known and established watch collectors in the United States of America. Fulfilling his position as Chief Executive Officer of Continental Airlines, Bethune spends his spare time selling his watches at prominent auctions. It is known that some of his pieces could cost upwards of $3 million, with one watch of his known for selling $1 million or more alone. He often opts out of discussing the value of specific watches. Many of them increased in value in recent years that he chose to start keeping them in a safety deposit box. One of the main reasons that Bethune has optioned selling his watches is for the sheer fact they have become too expensive to wear and could risk him physical danger. His pieces are said to include brands such as Rolex, Patek Phillipe and Cartier spanning from the 1930’s through the 1950’s. They are known to have unique features such as rectangular faces or rare types of materials. One of the showcase gems of his collection that was sold is a rare 1945 Patek Phillipe Reference 1518 in 18 karat rose gold. It was appraised and estimated to be worth $600,000 and $900,000 and with interest rising consistently, it could easily break the $1 million range.
Collecting vintage watches is known to have some kind of flight risk. The watch market is known to be filled of imposter brands and fake watches. There are also false claims on certain watches and what they will appreciate. Some collectors have said that you do not have to be wealthy to be a top notch watch collector, as long as you follow the rules.
Some of these rules are to stick with high-end names such as Rolex, Cartier, Tag Heuer and Patek. It is best to purchase from the pre-owned market, available at most trade shows and auctions. Do not be afraid to invest in hiring an expert to give advice on what watches are worth it. This is necessary given the amount of fakes and over-priced pieces on the market.
A $20 Timex can tell time, but the art and value comes at much higher price. It’s practical, a masterpiece, reliable. You can always count on a watch to be more than mechanical, it will always tell you what time it is.