aaronm
2941
One thing to add
Even the watches that have recently sold for crazy prices would not have been good investments. The Patek world timers, that have recently sold in excess of $1m, probably sold for at least $500 when they were new in the 1930s
so that is an increase of 2000x in 70 years, or 11 doublings. That means that the value was doubling every 6 years, or about an interest rate of 12%.
Just an interesting bit of math
-a
Breguet (and other brands of Haute Horlogerie) as an investment
Some questions for my fellow Breguet lovers (and especially Lutz ). First let me admit I am not a crazy millionaire... I earn my living hard working as a doctor... I am, from a long time ago, an avid watch lover... My collection grew over time ( 35 years)...
wel,dear collegue,as You adress me :-))
Hello Tassos, no "hard facts" of course as EBM but I followed auctions for some years(not any more though,as I got slightly tired of it),but in general most of them loose their monetary value compared to the stock-market in the hand of a fine broker.Of co...
Aaronm.... I like your practical response using...
the doubling rule....I use a factor of 7 years in my business and investments decisions on a regular basis. Most things need to double in value every 7 years to hold original cost...in return $10,000 today was really $5,000 in 2001. Simple but accurate ma...
Three of them are gainers
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About the gainers...
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