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.

© Copyright WATCH SHOP UK - DO NOT COPY

Related articles

A buyer’s guide to men’s Rotary watches

Posted: 10-10-2018

Rotary is the master of creating classy, cool watches you can wear every day. Explore Rotary skeleton watches, vintage designs, and more.

6 men’s and women’s skeleton watches you’ll love

Posted: 28-09-2018

Strip back and show off with a skeleton watch. Not sure which to buy? We’ve picked six of the best to give you an idea.

5 men’s diamond watches for every occasion

Posted: 21-09-2018

The old cliché goes that diamonds are a girl’s best friend – but with so many handsome men’s diamond watches out there, why should you miss out? We showcase five of the best, from brands like Michael Kors, Accurist, and more.

Choosing and adjusting a watch: How to get the perfect fit

Posted: 13-09-2018

Everything you need to know about choosing a watch that fits, including how to get your watch bracelet adjusted using the Watch Shop bracelet adjustment service.