Auction offers Rolex and Patek Philippe watches as timely investments



2015-06-26 12:09:23

Auction offers Rolex and Patek Philippe watches as timely investments

Omega's sale next month will give collectors the chance to pick up two rare and valuable timepieces

Omega Auctions' sale of watches, fine wines, Port & spirits and sporting memorabilia next month should prove of interest to collectors, and particularly those on the look-out for a timepiece or two.

The auction, at the Mere Golf and Country Club on December 4, has a number of notable items in its catalogue. But the top lots are a pair of very different but equally stylish watches, both with an 18 carat seal of approval.

Firstly is a 18ct yellow gold Rolex Daytona Cosmograph watch, with an 18ct bracelet and a mother of pearl dial with diamond set hour markers. It features sapphire crystal scratch resistant glass, an automatic self winding movement and is water resistant to 100m.

 The 18ct Rolex Daytona Cosmograph watch, valued at 10,000 - 12,000

The watch is a fine example of Rolex craftsmanship, and could prove a solid investment with an estimated price of 10,000 - 12,000.

The other top lot is a gent's Gondolo watch from Patek Philippe. It too is 18ct yellow gold, featuring a seconds sub-dial at 6 o`clock and a crocodile skin strap with gold clasp.

The Patek Philippe name alone should ensure this watch appreciates in value over the years, and with a price of 6,000 - 8,000 collectors should definitely take note.

 The Patek Phillipe 18ct Gondolo watch, priced at 6,000 - 8,000

The market for collectible wristwatches is still a relatively young one, and there are still bargains to be found for entry-level investors. And with 2010 proving a record-breaking year (seeing a Patek Phillipe 1943 gold wristwatch become the most expensive everwhen it soldfor 2,675,400), it seems in 2011 the market could grow even stronger.

Now could be the perfectmoment to invest in a classic timepiece, and collectorswill be counting down the hours until these two watches go up for sale.

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