Impact of COVID-19 on Vintage Watches

There are several options to consider: stock market shares, gold, commercial real estate, collector coins, works of art, and vintage watches Appropriate vintage watches are currently, in the era of coronavirus, a safer and more stable investment than buying currencies or shares while providing a profit much higher than ores or bonds Vintage watches have always been a good investment, especially now that the stock markets are unstable, stock market shares are falling by several dozen % and companies are collapsing - this type of investment is unstable, while vintage watches - as an investment asset - delight.

Models of vintage watches tend to oversize increases in value because they enjoy a greater estimate among investors and collectors for various reasons "Vintage Watches are not typical investment products They should be treated mainly as beautiful, historical objects"with soul", and the profit from their resale as a bonus" - says Mr.

Keith A Gray owner of the Gray and Sons Jewelers from Miami, the company with 40 years' experience, specializing in selling and buying luxury vintage watches As for the second factor, it is, of course, relative popularity, within a small group of collectors, which ensures greater liquidity: on vintage Rolex watches or vintage Patek Philippe watches the buyer will always be found because they are known and fashionable.

A few weeks ago, there was a customer in our showroom in Surfside, who due to the global COVID-19 situation, sold most of his investment funds, and bought several luxury vintage watches from us for $ 450,000. . Source