Watch News Center Report: Watch for those who want to invest in people, the recent crisis in the watch market may not look like anything. Patek Philippe in the lead, the two types of retro and modern all in the past few years to achieve a considerable price.
Last May, section 1943 in Geneva, Patek Philippe sold 625 million Swiss francs, the equivalent of $ 5,700,000. Patek Philippe in several series have exceeded the million mark. In 1992 worth 10 million dollars in 2499 series in Geneva has sold 330 million dollars. Since 2006, Christie has been in excess of 100 million dollars to sell a total of 18 Patek Philippe watch.
Attract buyers not only these particular timer, and souvenir watch.
Einstein wearing a valuation of $ 35,000 of that section of the 1930 Longines watch, Antiquorum in 2008 to $ 596,000 sold. In 2009, Antiquorum auction valued at $ 20,000 of Mahatma Gandhi, wall charts, along with sandals, glasses, plates and bowls, a total of nearly $ 2,100,000.
Watch the market to benefit from hot, watch last year, Christie's sold a total of $ 91,000,000, the highest ever. Sotheby's in 2010 global sales of $ 40,000,000, no wonder the market has attracted, including bankers, including many new players.
Direct observation of people in this market, more and more prestigious style to the table a sharp rise in prices. Last January, several smart former fund managers, to create a special collection of watches PreciousTime fund.
Senior investment adviser that has become increasingly complex financial instruments, but also have the right kind of investment opportunity and enthusiasm. Therefore, in 2006 created the elite consulting firm.
"Our goal is to subject investment links with the enthusiasm from investors." Consulting company official said.
With this, the elite consultants first introduced in 2007, the wine funds, investment quality rare wines. According to Mascherin said, NobleCrus have been harvested since 2008, nearly 51.7% return, for a total $ 51,400,000.
The consulting firm that watches is more favorable products, especially top-brand, 200-300 limited edition small production or small batch production. Not surprisingly, professionals, investing primarily in antique watches and likes Patek Philippe. They plan through dealers, private collectors, auction houses to buy, even if the commissions and taxes to be prohibitively high.
Specifically, the fund from 70% of the antique tables and composition of 30% of the new table, most of which is a complex menu. Such as Patek Philippe, such as Breguet, Rolex, Audemars Piguet, Lange, Vacheron Constantin and Cartier. For metal, 50% of the fund will seek gold, and other precious metals.
The Fund has established an expert group, including a number of watch collectors, investors may be collective, thus reducing the price too high for delisting. However, the question is whether the watch market itself to achieve the desired level of trading. "Based on the global watch sales, including auctions and Swiss export statistics, we estimate the market size of the watch 25 billion euros per year." Mascherin she says. Although this figure is disputed, but the elite advisers also acknowledged that the line is only part of the market for investment.
As more and more of China, the Middle East and Russia, plus the buyer, watches market is still in growth.
More and more passionate watch collectors pay crazy prices, will they watch collection has long coveted bag. But even the most passionate collectors, there will be passion subsided, the turning point to economic benefits. For these fund companies, elitism at work, which is suitable for investors who have knowledge of products, not just money, so it limits the potential audience, this is a good thing, because it ensured that collections quality and price movements., power reserve 52 hours, water resistant to 100 meters.
Article Source: http://www.mannernews.com
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