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Collectible Watch Market is Red Hot

October 27, 2008 by Administrator 

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Looking further proof that the collectible watch market is going like gangbusters? Here it is: One day after Antiquorum brought in nearly $10 million at its fall clock and watch auction, Sotheby’s hauled in nearly $4.1 million in New York at its Oct. 17th auction of “Important Watches.” Like Antiquorum, Sotheby’s saw strong interest from buyers not only in the United States, but also Europe and Asia.

What were the hot tickets? No wristwatches from Albert Einstein this time. Instead, there was a chronograph pocket watch from the American watchmaker Waltham Watch Co. that went for $266,500. That price was five times the pre-auction estimate and a world record for an American watch, not to mention Waltham itself.

The Swiss were not to be outdone. A Breguet platinum tourbillon which was made to honor the company’s 250th anniversary took in $350,000 at the gavel drop. Looking to get in on the action? The next Sotheby’s watch auction will be the “Fine Watches” sale on December 18th in London. Mark your calendar.

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If you are wanting to read more about red hot the collectible watch market in San Diego and countrywide, then be sure to check out this article: Antiquorum Watch Auction Sees Record Sales.

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