High-end watches are 'worth collecting'

First published: 05-10-2009

There are certain one-of-a-kind watches which people ought to consider investing in, should they have the capital behind them to make it a worthwhile purchase, according to a leading financial news site.

Forbes explained that six-figure watch buyers are certainly not walking away from deals despite the recession, with a certain auctioneer in timepiece capital Switzerland selling three rare Patek Philippe watches between $564,000 and $780,000 (£354,000 and £489,000).

Other watches which have caught the eye of Forbes include a particularly impressive offering from Girard-Perregaux: the "playful choice" that is the Vintage 1945 Jackpot Tourbillon.

The watch is essentially a gambler's dream - it incorporates a miniaturised mechanical slot machine which has three reels ready to spin at the pull of a single lever at the side of the piece.

Only 40 or so have been produced since 2007, according to Forbes, with the last watch sold in July for $625,000 (£392,000).

Last week, the Mail on Sunday noted how both Peter Mandelson and Nicolas Sarkozy are both proud owners of high-end Patek Philippe watches.

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