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| Watches |
The Court's Appeal
James D. Malcolmson
08/02/2004
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 | | THIS PRICELESS pocket timepiece was made in Geneva by Breguet for a Russian aristocrat. |
SecondHand Goods
Many factors may complicate our efforts to invest in
pedigreed watches. The premium for such ownership can vary widely, and other
aspects, such as the condition and overall importance of a piece, can affect the
value as well. Royal ownership may double a watch’s worth, but only when these
other factors are optimal.
For example, a Vacheron Constantin pocket watch
with 15 complications last sold in 1994 for $891,341. This piece would be
superlative by any standard, and the provenance—the company crafted the watch
for King Farouk of Egypt—is estimated by Antiquorum Auctioneers to account for
50 percent of the final price, but only because of the watch’s other important
qualities.
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