Luxury watches holding value
Men’s wristatches are continuing to appreciate in value despite the decrease in consumer spending in the US and the wider global economic crisis, a watch dealing website has claimed.
The website, watchfinder.co.uk, said watch dealers and luxury watch owners have reason to be upbeat amidst the current economic instability.
The online company sources some of the world’s rarest watches. Focusing on the pre-owned prestige market, it sells up to 150 timepieces a week.
And it pointed out that despite the economic doom and gloom, Rolex put its prices up by 12.5% across the board on October 1 2008. And Cartier, Omega, Breitling, Patek Philippe, Tag Heuer and most of the other top-end manufacturers have all had at least one price increase this year.
The price increases mean that most older models are holding – and in some cases increasing in – value, watchfinder.co.uk said.
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source: retail-jeweller.com