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The watch industry is probably the biggest art growing business in todays world. The demand for high end collectible watches is growing due to the rising number of rich people in the world.
Alone in Switzerland the yearly sales are estimated to surpass 1.6 billion Euro! The watch industry, especially the high end collectible brands are in high demand all over the world. At Christies or Sotheby's auction houses watches are sold for outstanding amounts such as 11 million dollars (for a Patek Philippe in this case) which is the highest amount ever for a watch. Today especially for men with successfully careers its not enough to wear an expensive suit, but an eye caching watch that is unique and outstanding in its quality and rarity. This is the case for high end watches that are sold in mayor cities around the world. Brands such as Tag Heuer, Omega, Rolex and Breitling are ranging from 1000$ to 100.000$ and even more for high end Rolex watches. These gives room for speculation and investment in auction houses and on the web. Add the fact that some of the exclusive brands are only produced in limited numbers, due to the fact of the complicated inner works of mechanical watches, and you have a perfect situation of investment looking for opportunity for growth. It is estimated that high end collectible watches are growing at a rate of more than 8% yearly. Not even diamonds are growing at this rate! Watch interested people will immediately understand this behavior and can be applied to even the cheap high end collectible watches, where Tag Heuer and Omega are in good price ranges. For super exclusive brands take a look at Vacheron Constantin, Ulysses Nardin, Patek Philippe, IWC, Jaeger-LeCoultre, Girard-Perregaux and many others. To get a good impression of high end watches check out FeelGoodWatches, sellers of high end, collectible watches : Welcome to FeelGoodWatches.com |
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