Part 4/5:
The secondary market for luxury watches is equally fascinating, with certain models commanding astronomical prices due to their rarity and trendiness. You discuss the example of a recent Patek Philippe grand complication that sold for over $5 million, highlighting the importance of scarcity, provenance, and the power of social media in driving these stratospheric valuations.
Investing in Watches
While the latest "hype" watches may capture the imagination, you emphasize the importance of considering long-term investment potential when building a watch collection. Vintage and historically significant models, such as the Jaeger-LeCoultre you showcased, often appreciate in value over time, making them compelling assets for the discerning collector.