Watch market 2018 up or down
The fine timepieces market – wrist watches, pocket watches, desk clocks such as bird cage clocks and so on – continues to grow in 2018.
The distinguished auctioneers Sotheby’s, for example, was quite pleased with its 2017 season of fine timepieces auctions and has a full slate of auctions for 2018 as well.
In addition to one-day and three-day auctions, they also hold online auctions.
In fact, they are holding an online auction, from their Hong Kong location, with viewing and bidding from 18 Apr–30 Apr 2018. In addition to fine timepieces this auction also includes cufflinks and fine pens.
We here at Supercarsandclassics.com will be sharing information from this auction shortly.
Sotheby’s next one-day auction of important watches and fine timepieces will be taking place in Geneva and feature 316 lots over the course of two sessions.
The location of the venues at which these fine timepiece auctions are held tells you that the watch market is booming and that top prices are being paid for vintage as well as modern timepieces.
The world’s most famous manufacturers of timepieces are always represented at these auctions – Patek Philippe, Rolex, Audemars Piguet, Panerai, F. P. Journe and Chopard to name only a few.
New watches from the top designers are displayed at a tradeshow called Baselworld in Basel, Swtizerland. Baselword 2018 ran from March 22-27, 2018, and featured 650 exhibitors from more than 45 countries. The next Baselworld is scheduled for March 21-26, 2019.
As with supercars and collector cars, there are online marketplaces for fine watches as well – including CHRONEXT and Crown & Caliber. This has helped bring the world of collecting fine timepieces to the general public, and helped to ensure that the prices of these fine timepieces will continue to increase as the collector base is growing steadily.