While other auction categories have suffered at the hands of the global downturn, sales of watches have proved buoyant as buyers recognise the worth of a quality pre-owned timepiece – vintage or modern – as an interesting and reasonably safe haven for cash.
But the real strength of the market will be tested in the next few days when Antiquorum, Christie’s and Sotheby’s stage their flagship November auctions in Geneva where they will hammer down about 1,000 timepieces with a combined value of about SFr30m ($29.7m)
