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HomeNewsTrendsRare watches surface at auctions as luxury spending kick-starts; Check out these 6 watches

Rare watches surface at auctions as luxury spending kick-starts; Check out these 6 watches

Experts monitor the health of the luxury spending by tracking the watch industry sales and auctions. Watches are one of the most sought-after luxury accessories and as the segment picks up, rare watches are coming back at auctions. Our pickings from auctions in India and abroad. 

October 22, 2020 / 10:27 IST
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Watch auctioneers will tell you that the prices fetched by fine watches at auctions are a great indicator of how much the world is ready to indulge in luxury. Over the last three years, watch auctions have attracted various kinds of collectors, from quintessential horology connoisseurs to tattooed rockers and musicians and newly-come-into-money tech entrepreneurs.

Vintage and classic watches are the hot assets in investment portfolios. Delhi watch collector, Amrit Kapoor has seen his investment in watches double in value in just 24 months. “Not many know that the rise in investment in watches is as good as stocks in a good market. But in an economic downturn, while stock prices can plummet, watches are never a failed investment. Look for vintage and classic pieces that will rocket in prices in three to five years.” Collectors such Kapoor track auctions across the world to get the best deals and add on to their collections.

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We pick a few rare watches that are coming up at various auctions, including one in India in the next one week.

Zenith Daytona, Rolex