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Antiquorum Watch Auction Sees Record Sales

October 27, 2008 by Administrator · Leave a Comment 

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It is not only jewelry auctions that have been exceeding expectations lately as investors continue to move money into hard assets. Antiquorum reports that its first auction of the fall season brought in $9,892,812 from its sale of collectible clocks, pocket watches, and wristwatches.

In total, 404 pieces were sold. 34 percent of the items were bought via Antiquorum’s online bidding system. Buyers logged in bids from countries around the globe, including China, Germany, and Russia.

The highest sales price went to a Patek Philippe “First Series,” which scored a final bid of $1,514,400. But it was a wristwatch formerly owned by Albert Einstein that sparked the auction’s most intense bidding war. When the gavel dropped the Longines watch from the famed physicist was sold for $596,000, more than 2,000 percent its original estimated value (the highest price ever paid for a Longines wristwatch). Rolex also earned a record amount for its “Platinum Day Date” wristwatch which went for $78,000.

You certainly aren’t going to find those kinds of watches at a San Diego pawn shop, but the these auction results should show you that if you are in need of a good sized cash loan from a pawnbroker, a collectable watch is one of your best items to use as collateral.

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Have you been wondering just what estate jewelry is? Then wonder no longer. We’ve detailed it in this article: What is Estate Jewelry?

NAWCC Announces SW California Regional

September 29, 2008 by Administrator · Leave a Comment 

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The National Association of Watch and Clock Collectors (NAWCC) Chapter 59 today announced the dates for its 2008 Southwest California Regional: November 20 through 22 at the Del Mar Fairgrounds.

This annual event, which Chapter 59 manages every November with co-host Chapter 136, attracts watch and clock sellers and buyers from all over the world. Many antique dealers attend the Southwest California Regional to replenish their inventory of vintage clocks and watches, making it one of the few major events at which the average collector can discover true “wholesale” deals on collectible timepieces.

The venue in the Del Mar Fairgrounds’ Wyland Center holds more than 250 tables, each laden with items for sale. In addition to complete collectible watches and clocks, you can find parts and tools for restoration and repair, horological books from technical manuals to lavishly photographed coffee table tomes, hard-to-find watchstraps and bracelets, and good old-fashioned one-man’s-junk treasure dealers. Whether you need a correct set of weights for a Black Forest cuckoo clock, a new mainspring for an old-fashioned pocket watch, or a museum-quality antique mantel clock, you’ll probably find it at the 2008 Southwest California Regional.

As the date of the event approaches, registration forms will be available online. For the latest information about the Southwest California Regional, visit:

http://www.nawcc59.org/regional.html.

About NAWCC Chapter 59

The NAWCC is a non-profit organization, and Chapter 59 is the San Diego chapter of the NAWCC. Its members come from all over San Diego County. Visit NAWCC Chapter 59′s website to learn about monthly meeting times and member benefits.

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If you are in the San Diego pawn shop industry, then the following news will be of special interest to you: Pawns Shops May Benefit from Fall of Jewelry Giants.

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