Luxury expert reveals whether watches are a smart investment during global lockdown

Helping to uncover the finer details is Eric Wind, the former Vice President and Senior Specialist for luxury auction house Christie's and the current owner of Wind Vintage, a firm which specialises in offering some of the world's most sought-after timepieces and advisory services to prominent watch collectors Like high-end whisky or classic cars, the concept of investing in luxury vintage watches is nothing new, but for those thinking about entering the market during these uncertain economic times, Wind has some sage advice Wind says a watch worth investing in needs to be both special and in excellent condition in order for it to have a chance of appreciation.

"The right excellent condition watch from any manufacturer will be easier to sell than a mediocre condition watch from any manufacturer." Select luxury vintage watches are known to hold their value in fluctuating markets "On the watch side, if someone has a collection of modern watches that are 'over retail' - discontinued but currently sell for over the retail price; a group of pieces from Rolex, Patek Philippe or Richard Mille - they should consider selling those if the money is significant to their financial situation." "It's similar in other markets whether that be art, cars or exceptional collectables such as coins, sports cards, stamps and comic books Watches have a number of positive attributes compared to things like art or cars.

They are generally easier to store, easier to insure and easier to transport If you are looking for a very specific and expensive watch, it is helpful to have a dealer or adviser who can help you find where the right one may be." . Source