Putting His Faith in Patek Philippe

Mr Reardon, 45, knows something about the value of watches "If you are buying a watch to make money, then hold on for the ride, because the odds are not in your favor," Mr.

Reardon said In November, Mr Reardon was in Geneva helping with Christie's fall watch sales as a senior international consultant, an independent contractor role he plans to maintain.

"Based on global sales in the last 18 years," the WatchBox co-founder Danny Govberg said, "We estimate that there is close to $500 billion in watches sitting in people's drawers, with an additional $50 billion in new watches entering the market each year Our annual sales are now $200 million, and our goal is to grow sales to $500 million in the next three to five years." Mr Reardon has been gathering his inventory from contacts made during his two decades in the watch business.

While wristwatches generally get most of the resale attention, "I have been predicting that the pocket watch market would ignite for some 20 years now," Mr Reardon said Despite his realistic view of watches as investment fodder, Mr.

Reardon does have a lot of faith in the future of the secondhand business. . Source