While many areas of the economy remain weak, the market for vintage luxury watches continues to show strength. This is good news for San Diego residents who are looking to leverage their vintage Rolex or other expensive timepiece for a San Diego personal loan. The enduring popularity of vintage watches is reflected by the results of an October watch auction hosted by Sotheby’s.
The auction drew the attention of watch collectors from around the world, and was comprised of 160 lots, including a number of pieces by Patek Philippe, notably a rare platinum, limited-edition world time wristwatch, with a special green dial honoring Mecca, that was sold $149,000.
The Sotheby’s watch auction also confirmed the ongoing popularity of sports watches, represented chiefly by Rolex, but also by IWC and Jaeger-LeCoultre; as well as a trend for classic, high-end gentleman’s watches with complications from brands such as Audemars Piguet and Vacheron Constantin.
Watch styles from the 1970s, including timepieces with quirky shapes and colorful tones, are also becoming sought-after by collectors. The increased interest for ’70s timepieces means better prices for vintage watches from brands like Zenith, whose legendary El Primero movement is an icon of the era; and Tudor, celebrated for its period chronographs.
If you would like to sell your valuable watch outright or use it as collateral for an immediate (no credit check) San Diego business loan or personal loan, please contact Diamond Estate Luxury Loans for a free consultation and appraisal of your timepiece.